U Malagement - War. Used 2016 Financial statements for Finch Company follow. 2019 2018 $ 19,000 20,600 47,000 132,000 26,000 244,600 27,000 285,000 32,000 $588,600 $ 15,000 6,600 39,000 140,000 11,000 211,600 20.000 270.000 27,000 $528,600 FINCH COMPANY Balance Sheets As of December 31 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other Total noncurrent liabilities Total liabilities Stockholders' equity Preferred stock. (par value $10.4% cumulative non-participating 6.000 shares authorized and issued) Common stock (no par 50,000 shares authorized: 10.000 shares issued Retained earnings Total stockholders equity Total liabilities and stockholders equity $ 23,000 168 800 21.000 212,800 $ 12 300 155,000 15.000 182.300 100,000 30,000 130,000 342,800 100,000 25,000 125 000 307,300 60 000 60 000 125 800 245,800 $588,600 60 000 60 000 101 300 221 300 5528.600 puny, ,000 Shares authorized and issued) UM SIUER (0 par, 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2018 FINCH COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 2019 Revenues Sales (net) $290,000 $270,000 Other revenues 9,200 6,200 Total revenues 299,200 276,200 Expenses Cost of goods sold 145,000 121,000 Selling, general, and administrative 61,000 56,000 Interest expense 9,800 9,000 Income tax expense 53,000 52,000 Total expenses 268,800 238.000 Net earnings (net income) 30,400 38,200 Retained earnings. January 1 101,300 69,000 Less: Preferred stock dividends 2.400 2.400 Common stock dividends 3.500 3,500 Retained earnings December 31 $125.800S101300 Interest expense Income tax expense Total expenses Net earnings (net income) Retained earnings January 1 Less: Preferred stock dividends Common stock dividends Retained earnings, December 31 9.800 53,000 268,800 30 400 101,300 2.400 3.500 $125 800 UUU 9000 52 000 238,000 10200 69.000 2.400 3.500 $101 300 Required Calculate the following ratios for 2019 and 2018. Since 2017 numbers are not presented, do not use averages when calculating the ratios for 2018. Instead, use the number balance sheet a. Working capital b. Current ratio. (Round your answers to 2 decimal places.) e. Quick ratio. (Round your answers to 2 decimal places.) d. Receivables turnover (beginning receivables at January 1, 2018, were $40,000). (Round your answers to 2 decimal places.) e. Average days to collect accounts receivable (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.) 1. Inventory turnover (beginning inventory at January 1, 2018, was $146.000) (Round your answers to 2 decimal places.) g. Number of days to sell inventory (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.) h. Debt to assets ratio (Round your answers to the nearest whole percent) 1. Debt to equity ratio (Round your answers to 2 decimal places.) 1. Number of times interest was earned (Round your answers to 2 decimal places.) k. Plant assets to long-term debt Round your answers to 2 decimal places.) L. Net margin (Round your answers to 2 decimal places.) m. Turnover of assets. Round your answers to 2 decimal places.) n. Return on investment (Round your answers to 2 decimal places.) o. Return on equity (Round your answers to 2 decimal places.) p. Earnings per Share Round your answers to 2 decimal places.) 9. Book value per share of common stock (Round your answers to 2 decimal places.) 1. Price-earings ratio (market price per share: 2018. $1205, 2019. $13.10) (Round your intermediate calculations and final answer to 2 decimal places.) 5. Dividend yield on common stock. (Round your answers to 2 decimal places.) 2019 2018 Working capital b. Current ratio Type here to search o te