Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

will rate The following financial statements apply to Vernon Company Year 2 Year 1 $ 218,900 $ 182,300 124,300 102,100 20,800 18,800 10,400 9,400 1,600

will rate image text in transcribed
image text in transcribed
The following financial statements apply to Vernon Company Year 2 Year 1 $ 218,900 $ 182,300 124,300 102,100 20,800 18,800 10,400 9,400 1,600 1,600 20,500 17,200 177,600 149, 100 $ 41,300 $ 33,200 Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (42,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 5,500 $ 6,400 2,300 2,300 36,700 31,800 100,700 95,000 4,300 3,300 149,500 138,800 106,700 106,700 21,000 $ 277,200 $ 245,500 $ 39,900 16,800 56,700 65,700 122,400 $ 35,800 16,400 52,200 66,700 118,900 114,900 114,900 39,900 11,700 154,800 126,600 $ 277,200 $ 245,500 1. Inventory turnover (Round your answer's m. Debt-to-equity ratio. (Round your answers to 2 decimal places.) n. Debt-to-assets ratio, (Round your answers to the nearest whole percent.) W Year 1 % Year 2 % % % 96 a % times times times times Net margin b Return on investment Return on equity d Earnings per share e Price earnings ratio If Book value per share of common stock 9 Times interest eamed h. Working capital Current ratio 11 Quick (acid-test) ratio K Accounts receivable turnover 1 Inventory turnover m Debt-to-equity ratio Debt-to-assets ratio times times times times % 96

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Comparative international accounting

Authors: Christopher nobes, Robert parker

9th Edition

273703579, 978-0273703570

More Books

Students also viewed these Accounting questions