The following information pertains to kevin, Inc. Cash .................. $42,000 Accounts receivable ............$130,000 Inventory ................ $95,000 Plant
Question:
The following information pertains to kevin, Inc.
Cash .................. $42,000
Accounts receivable ............$130,000
Inventory ................ $95,000
Plant assets (net) .............$340,000
Total assets ................$607,000
Accounts payable ............. $78,000
Accrued taxes and expenses payable ...... $26,000
Long-term debt .............$106,000
Common stock ($10 par) ..........$174,000
Paid-in capital in excess of par ....... $45,000
Retained earnings ............$282,000
Total equities ..............$607,000
Net sales (all on credit) ..........$850,000
Cost of goods sold ............$697,000
General & Admin Expenses ......... $78,000
Net income ............... $75,000
Required
Compute the following: (It is not necessary to use averages for any balance sheet figures involved.)
(a) Current ratio
(b) Inventory turnover
(c) Receivables turnover
(d) Book value per share
(e) Earnings per share
(f) Debt to total assets
(g) Profit margin on sales
(h) Return on common stock equity
Common StockCommon stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Step by Step Answer:
RATIO FORMULA RESULTS Current ratio Current assetscurrent liabilities 257 Inventory tur...View the full answer
