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Working capital. Current ratio. (Round your answers to 2 decimal places.) Quick ratio. (Round your answers to 2 decimal places.) Receivables turnover (beginning receivables at

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  1. Working capital.
  2. Current ratio. (Round your answers to 2 decimal places.)
  3. Quick ratio. (Round your answers to 2 decimal places.)
  4. Receivables turnover (beginning receivables at January 1, 2018, were $46,000). (Round your answers to 2 decimal places.)
  5. Average days to collect accounts receivable. (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.)
  6. Inventory turnover (beginning inventory at January 1, 2018, was $141,000). (Round your answers to 2 decimal places.)
  7. Number of days to sell inventory. (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.)
  8. Debt to assets ratio. (Round your answers to the nearest whole percent.)
  9. Debt to equity ratio. (Round your answers to 2 decimal places.)
  10. Number of times interest was earned. (Round your answers to 2 decimal places.)
  11. Plant assets to long-term debt. (Round your answers to 2 decimal places.)
  12. Net margin. (Round your answers to 2 decimal places.)
  13. Turnover of assets. (Round your answers to 2 decimal places.)
  14. Return on investment. (Round your answers to 2 decimal places.)
  15. Return on equity. (Round your answers to 2 decimal places.)
  16. Earnings per share. (Round your answers to 2 decimal places.)
  17. Book value per share of common stock. (Round your answers to 2 decimal places.)
  18. Price-earnings ratio (market price per share: 2018, $11.80; 2019, $12.60). (Round your intermediate calculations and final answer to 2 decimal places.)
  19. Dividend yield on common stock. (Round your answers to 2 decimal places.)

image text in transcribed

2018 $220,000 5,200 225, 200 ADAMS COMPANY Statements of Income and Retained Earnings For the Years Ended December 31 2019 Revenues Sales (net) $240,000 Other revenues 8,200 Total revenues 248, 200 Expenses Cost of goods sold 120,000 Selling, general, and administrative 56,000 Interest expense 8,300 Income tax expense 28,000 Total expenses 212,300 Net earnings (net income) 35,900 Retained earnings, January 1 86,700 Less: Preferred stock dividends 3,000 Common stock dividends 3,000 Retained earnings, December 31 $116,600 106,000 51,000 7,500 27,000 191,500 33,700 59,000 3,000 3,000 $ 86,700 Financial statements for Adams Company follow. ADAMS COMPANY Balance Sheets As of December 31 2019 2018 $ 16,500 20,100 53,000 127,000 26,000 242,600 22,000 260,000 27,000 $551,600 $ 12,500 6,100 45,000 135,000 11,000 209,600 15,000 245,000 22,000 $491,600 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, 5% 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 $ 19,200 138,800 22,000 180,000 $ 13,900 125,000 16,000 154,900 110,000 25,000 135,000 315,000 110,000 20,000 130,000 284,900 60,000 60,000 116,600 236,600 $551,600 60,000 60,000 86,700 206, 700 $491,600 ADAMS COMPANY 2019 62,600 2018 54,700 $ $ times days times days times days times days % % a. Working capital b. Current ratio c. Quick ratio d. Receivables turnover e. Average days to collect accounts receivable f. Inventory turnover g. Average days to sell inventory Debt to assets ratio Debt to equity ratio j. Number of times interest earned k. Plant assets to long-term debt 1. Net margin m. Asset turnover Return on investment o. Return on equity p. Earnings per share q. Book value per share Price-earnings ratio s. Dividend yield times times % - Eco % % per share per share per share per share

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