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Posted on Jul 14, 2024

Week 6 Homework (CH. 9) eBook Calculator Balances, Dec. 31 $500,000 1. PR.09-01 $500,000 $5,180,000 $500,000 $500,000 $5,375.000 2. PR.09-02 3. PR.09-03 4. PR.09-04 Dec.

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Week 6 Homework (CH. 9) eBook Calculator Balances, Dec. 31 $500,000 1. PR.09-01 $500,000 $5,180,000 $500,000 $500,000 $5,375.000 2. PR.09-02 3. PR.09-03 4. PR.09-04 Dec. 31, 2017 $ 400.000 1.000.000 510.000 950.000 229.000 $3.089.000 2 200.000 3266 000 $8.755.000 AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 2017 Dec. 31, 2018 Assets Current assets: Cash $ 500.000 Marketable securities 1,010,000 Accounts receivable (net) 740,000 Inventories 1.190.000 Prepaid expenses 250.000 Total current assets $3.690.000 Long-term investments 2,350,000 Property, plant, and equipment (net) 3.740.000 Total assets $9.780,000 Liabilities Current liabilities $ 900,000 Long term liabilities: Mortgage note payable, 10% $ 200.000 Bonds payable, 10% 1.500.000 Total long-term liabilities $1.700.000 Total liabilities $2.600.000 Stockholders' Equity Preferred $0.90 stock, $10 par $ 500.000 Common stock, $5 par 500.000 Retained earnings 6,180,000 Total stockholders' equity $7,180,000 Total liabilities and stockholders' equity $9,780,000 Instructions: $880.000 1.500.000 $1.500.000 $2 380.000 $ 500.000 500.000 5.375,500 $6,375.000 $8,755.000 Determine the following measures for 20Y8. Round ratio values to one decimal place and dollar amounts to the nearest cent. For number of days' sales in receivables and number of days' sales in inventory, round intermediate calculations to the nearest whole dollar and final amounts to one decimal place. Assume there are 365 days in the year. 1. Working capital 2. Current ratio Week 6 Homework (CH. 9) eBook Calculator 1. PR.09-01 Preferred $0.90 stock, $10 par Common stock, $5 par $ 500,000 500.000 6,180.000 $ 500,000 500,000 5,375,500 2. PR.09-02 Retained earnings 3. PR.09-03 Total stockholders equity $7,180.000 $6,375.000 4. PR.09-04 Total liabilities and stockholders' equity $9.780.000 $8.755.000 Instructions: Determine the following measures for 20Y8. Round ratio values to one decimal place and dollar amounts to the nearest cent. For number of days' sales in receivables and number of days' sales in inventory, round intermediate calculations to the nearest whole dollar and final amounts to one decimal place. Assume there are 365 days in the year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables 6. Inventory turnover 7. Days' sales in inventory 8. Debt ratio 9. Ratio of liabilities to stockholders' equity 10. Ratio of fixed assets to long-term liabilities 11. Times interest earned 12. Times preferred dividends earned times 13. Asset turnover 14. Return on total assets 15. Return on stockholders' equity 16. Return on common stockholders' equity 17. Earnings per share on common stock $ 18. Price-carnings ratio 19. Dividends per share of common stock $ 20. Dividend yield Check My Work Previous Progress: 4/4 Items Week 6 Homework (CH. 9) eBook Calculator Balances, Dec. 31 $500,000 1. PR.09-01 $500,000 $5,180,000 $500,000 $500,000 $5,375.000 2. PR.09-02 3. PR.09-03 4. PR.09-04 Dec. 31, 2017 $ 400.000 1.000.000 510.000 950.000 229.000 $3.089.000 2 200.000 3266 000 $8.755.000 AUTOMOTIVE SOLUTIONS INC. Comparative Balance Sheet December 31, 20Y8 and 2017 Dec. 31, 2018 Assets Current assets: Cash $ 500.000 Marketable securities 1,010,000 Accounts receivable (net) 740,000 Inventories 1.190.000 Prepaid expenses 250.000 Total current assets $3.690.000 Long-term investments 2,350,000 Property, plant, and equipment (net) 3.740.000 Total assets $9.780,000 Liabilities Current liabilities $ 900,000 Long term liabilities: Mortgage note payable, 10% $ 200.000 Bonds payable, 10% 1.500.000 Total long-term liabilities $1.700.000 Total liabilities $2.600.000 Stockholders' Equity Preferred $0.90 stock, $10 par $ 500.000 Common stock, $5 par 500.000 Retained earnings 6,180,000 Total stockholders' equity $7,180,000 Total liabilities and stockholders' equity $9,780,000 Instructions: $880.000 1.500.000 $1.500.000 $2 380.000 $ 500.000 500.000 5.375,500 $6,375.000 $8,755.000 Determine the following measures for 20Y8. Round ratio values to one decimal place and dollar amounts to the nearest cent. For number of days' sales in receivables and number of days' sales in inventory, round intermediate calculations to the nearest whole dollar and final amounts to one decimal place. Assume there are 365 days in the year. 1. Working capital 2. Current ratio Week 6 Homework (CH. 9) eBook Calculator 1. PR.09-01 Preferred $0.90 stock, $10 par Common stock, $5 par $ 500,000 500.000 6,180.000 $ 500,000 500,000 5,375,500 2. PR.09-02 Retained earnings 3. PR.09-03 Total stockholders equity $7,180.000 $6,375.000 4. PR.09-04 Total liabilities and stockholders' equity $9.780.000 $8.755.000 Instructions: Determine the following measures for 20Y8. Round ratio values to one decimal place and dollar amounts to the nearest cent. For number of days' sales in receivables and number of days' sales in inventory, round intermediate calculations to the nearest whole dollar and final amounts to one decimal place. Assume there are 365 days in the year. 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Days' sales in receivables 6. Inventory turnover 7. Days' sales in inventory 8. Debt ratio 9. Ratio of liabilities to stockholders' equity 10. Ratio of fixed assets to long-term liabilities 11. Times interest earned 12. Times preferred dividends earned times 13. Asset turnover 14. Return on total assets 15. Return on stockholders' equity 16. Return on common stockholders' equity 17. Earnings per share on common stock $ 18. Price-carnings ratio 19. Dividends per share of common stock $ 20. Dividend yield Check My Work Previous Progress: 4/4 Items