Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using the following information find the ratios listed: Hamilton Beach Company Balance Sheet 12/31/2022 Assets 2022 Cash 62,000 Accounts Receivable 47,000 Inventory 144,000 Prepaid Expenses
Using the following information find the ratios listed:
Hamilton Beach Company | |
Balance Sheet | |
12/31/2022 | |
Assets | 2022 |
Cash | 62,000 |
Accounts Receivable | 47,000 |
Inventory | 144,000 |
Prepaid Expenses | 1,000 |
Long Term Investments | 100,000 |
Land | 55,000 |
Building & Equipment | 660,000 |
Accumulated Depr-Building & Equipt | (103,000) |
Total Assets | 966,000 |
Liabilities & Stockholder's Equity | |
Accounts Payable | 50,000 |
Income Tax Payable | 3,000 |
Accrued Liabilities | 12,000 |
Bonds Payable | 295,000 |
Common Stock $5 par value | 275,000 |
Additional paid in capital | 215,000 |
Retained Earnings | 116,000 |
Total Liabilities & Stockholders Equity | 966,000 |
Sales | 235,000 |
Cost of goods sold | 120,000 |
Gross Profit | 115,000 |
Operating Expenses | 70,000 |
Income before Interest & taxes | 45,000 |
Interest | 12,000 |
Income before taxes | 33,000 |
Taxes | 7,000 |
Net Income | 26,000 |
Dividends Paid | 13,500 |
Market Price of Stock | $ 15 |
Find the following ratios for 2022: | |
1. Current Ratio | |
2. Quick Ratio | |
3. Accounts Receivable Turnover | |
4. Days to Collect | |
5. Inventory Turnover | |
6. Days on Hand | |
7. Payable Turnover | |
8. Days to Pay | |
9. Debt to Equity Ratio | |
10. Number of times Interest Earned | |
11. Profit Margin | |
12. Asset Turnover | |
13. Return on Assets | |
14. Return on Equity | |
15. Earnings per Share | |
16. Price Earnings Ratio | |
17. Dividend Yield |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Lets calculate each of the financial ratios requested using the provided data from Hamilton Beach Company for 2022 1 Current Ratio Current Assets Cash ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started