The comparative statements of Beulah Company are presented below. Additional data:The common stock recently sold at $19.50
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The comparative statements of Beulah Company are presented below.
Additional data:The common stock recently sold at $19.50 per share.InstructionsCompute the following ratios for 2013.(a) Current. (b) Acid-test. (c) Receivables turnover. (d) Inventory turnover. (e) Profit margin. (f) Asset turnover. (g) Return on assets.(h) Return on common stockholders?? equity.(i) Earnings per share.(j) Price-earnings.(k) Payout.(l) Debt to total assets.(m) Times interestearned.
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BEULAH COMPANY Income Statement For the Years Ended December 31 2013 2012 Net sales (all on account) $600,000 $520,000 Expenses Cost of goods sold Selling and administrative Interest expense Income tax expense 415,000 354,000 120,800 114,800 7,800 18,000 6,000 14,000 Total expenses 561,600 488,800 $ 38,400 $ 31,200 Net income BEULAH COMPANY Balance Sheets December 31 Assets 2013 2012 Current assets $ 21,000 $ 18,000 Cash Short-term investments 18,000 15,000 Accounts receivable (net) Inventory 86,000 90,000 74,000 70,000 177,000 Total current assets 215,000 Plant assets (net) 383,000 423,000 $638,000 $560,000 Total assets Liabilities and Stockholders Equity Current liabilities Accounts payable Income taxes payable $122,000 $110,000 23,000 20,000 Total current liabilities 145,000 130,000 Long-term liabilities Bonds payable 80,000 120,000 Total liabilities 265,000 210,000 Stockholders' equity Common stock ($5 par) Retained earnings 150,000 150,000 223,000 200,000 Total stockholders' equity 350,000 373,000 Total liabilities and stockholders' equity $638,000 $560,000
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Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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