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Wild Energy Drinks reported the following figures: Additional Financial Information: 60% of net sales are on account. Market price of the stock is $32 on
Wild Energy Drinks reported the following figures:
Additional Financial Information:
- 60% of net sales are on account.
- Market price of the stock is $32 on December 31st, 2020.
- Annual dividend for 2020 was $2.00 per share.
- All short-term equivalents are cash equivalents.
- Compute the following ratios:
- Debt to Equity Ratio
- Times-Interest-Earned Ratio
- Profit Margin Ratio
- Rate of Return on Total Assets
- Asset Turnover Ratio
- Rate of Return on Common Stockholders Equity
- Earnings per Share (EPS)
- Price/Earnings Ratio
- Dividend Yield
- Dividend Payout
Wild Energy Drinks Balance Sheet December 31st, 2019 and 2020 2020 2019 Assets Current Assets Cash Short-term Investments Accounts Receivable Merchandise Inventory Total Current Assets Property. Plant, and Equipment, Net Total Assets $ 150,000.00 $ 100,000.00 $ 650,000.00 $ 640,000.00 $ 300,000.00 $ 275,000.00 $ 100,000.00 $ 85,000.00 $ 1,200,000.00 $ 1.100.000.00 $ 900,000.00 $ 800,000.00 $ 2,100,000.00 $ 1,900,000.00 $ $ $ 200,000.00 s 25,000.00 $ 225,000.00 $ 185,000.00 10,000.00 195,000.00 Liabilities Current Liabilities Accounts Payable Accrued Liabilities Total Current Liabilities Long-term Liabilities Bonds Payable Mortgage Payable Total Long-term Liabilities Total Liabilities $ 725,000.00 $ 700,000.00 $ 250,000.00 $ 225,000.00 $ 975,000.00 $ 925,000.00 $ 1,200,000.00 $ 1,120,000.00 Stockholders' Equity Common Stock, $1 par, 250,000 shares issued and Oustanding Paid-in Capital in Excess of Par Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 250,000.00 $ 250,000.00 $ 68,000.00 $ 68,000.00 $ 582,000.00 $ 462,000.00 $ 900,000.00 $ 780,000.00 $ 2,100,000.00 $ 1.900,000.00 Wild Energy Drinks Income Statement Year Ended December 31st, 2020 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expense Operating Income Other Income and (Expense) Interest Expense Income Before Income Taxes Income Tax Expense Net Income $ 1,600,000.00 $ 851,000.00 $749,000.00 $ 200,000.00 $ 549,000.00 $ 10,000.00 $ 539,000.00 $ 113,190.00 $ 425,810.00
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