Question
Year 2 Year 1 Revenues $ 219,000 $ 182,900 Expenses Cost of goods sold 125,300 101,800 Selling expenses 20,800 18,800 General and administrative expenses 10,200
Year 2 | Year 1 | ||||||
Revenues | $ | 219,000 | $ | 182,900 | |||
Expenses | |||||||
Cost of goods sold | 125,300 | 101,800 | |||||
Selling expenses | 20,800 | 18,800 | |||||
General and administrative expenses | 10,200 | 9,200 | |||||
Interest expense | 2,100 | 2,100 | |||||
Income tax expense | 20,900 | 16,800 | |||||
Total expenses | 179,300 | 148,700 | |||||
Net income | $ | 39,700 | $ | 34,200 | |||
Assets | |||||||
Current assets | |||||||
Cash | $ | 4,400 | $ | 6,200 | |||
Marketable securities | 2,700 | 2,700 | |||||
Accounts receivable | 36,700 | 31,100 | |||||
Inventories | 100,500 | 94,400 | |||||
Prepaid expenses | 3,400 | 2,400 | |||||
Total current assets | 147,700 | 136,800 | |||||
Plant and equipment (net) | 105,400 | 105,400 | |||||
Intangibles | 20,300 | 0 | |||||
Total assets | $ | 273,400 | $ | 242,200 | |||
Liabilities and Stockholders Equity | |||||||
Liabilities | |||||||
Current liabilities | |||||||
Accounts payable | $ | 38,000 | $ | 35,000 | |||
Other | 16,500 | 16,900 | |||||
Total current liabilities | 54,500 | 51,900 | |||||
Bonds payable | 65,400 | 66,400 | |||||
Total liabilities | 119,900 | 118,300 | |||||
Stockholders equity | |||||||
Common stock (43,000 shares) | 113,400 | 113,400 | |||||
Retained earnings | 40,100 | 10,500 | |||||
Total stockholders equity | 153,500 | 123,900 | |||||
Total liabilities and stockholders equity | $ | 273,400 | $ | 242,200 |
Required: I only need the formulas and step by step guide I can do the calculations.
a. Net margin. (Round your answers to 2 decimal places.) b. Return on investment. (Round your answers to 2 decimal places.) c. Return on equity. (Round your answers to 2 decimal places.) d. Earnings per share. (Round your answers to 2 decimal places.) e. Price-earnings ratio (market prices at the end of Year 1 and Year 2 were $6.13 and $4.79, respectively). (Round your intermediate calculations and final answers to 2 decimal places.) f. Book value per share of common stock. (Round your answers to 2 decimal places.) g. Times interest earned. (Round your answers to 2 decimal places.) h. Working capital. i. Current ratio. (Round your answers to 2 decimal places.) j. Quick (acid-test) ratio. (Round your answers to 2 decimal places.) k. Accounts receivable turnover. (Round your answers to 2 decimal places.) l. Inventory turnover. (Round your answers to 2 decimal places.) 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.)
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