A company's calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares were issued during the year. The December 31 market price per share is $49.50. Cash dividends of $19,500 were paid during the year. Calculate the following ratios for the company: (a) Debt ratio (b) Equity ratio (c) Debt-to-equity ratio (d) Times interest earned (e) Total asset turnover Net sales..... Cost of goods sold. Gross profit Operating expenses Operating income Interest expense Income before taxes Income taxes. Net profit Cash Accounts receivable (net) **** $650,000 422,500 $227,500 140,500 $ 87,000 9,100 $ 77,900 23,400 $ 54,500 Ending Balances $ 19,500 65.000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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answer only d and e

A company's calendar-year financial data are shown below. The company had total assets
of $339,000 and total equity of $144,400 for the prior year. No additional shares were
issued during the year. The December 31 market price per share is $49.50. Cash dividends
of $19,500 were paid during the year. Calculate the following ratios for the company:
(a) Debt ratio
(b) Equity ratio
(c) Debt-to-equity ratio
(d) Times interest earned
(e) Total asset turnover
Net sales.
Cost of goods sold.
Gross profit.
Operating expenses
Operating income.
Interest expense
Income before taxes.
Income taxes
Net profit
Cash
Accounts receivable (net)
Inventory
Property, plant and equipment (net).
Total assets
Current liabilities.
Long-term notes payable.
Share Capital: $5 par value.
Retained earnings.
Total liabilities and equity
$650,000
422,500
$227,500
140,500
$ 87,000
9,100
$ 77,900
23,400
$ 54,500
Ending Balances
$ 19,500
65,000
71,500
195,000
$351,000
$74,100
97,500
65,000
114,400
$351,000
Transcribed Image Text:A company's calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares were issued during the year. The December 31 market price per share is $49.50. Cash dividends of $19,500 were paid during the year. Calculate the following ratios for the company: (a) Debt ratio (b) Equity ratio (c) Debt-to-equity ratio (d) Times interest earned (e) Total asset turnover Net sales. Cost of goods sold. Gross profit. Operating expenses Operating income. Interest expense Income before taxes. Income taxes Net profit Cash Accounts receivable (net) Inventory Property, plant and equipment (net). Total assets Current liabilities. Long-term notes payable. Share Capital: $5 par value. Retained earnings. Total liabilities and equity $650,000 422,500 $227,500 140,500 $ 87,000 9,100 $ 77,900 23,400 $ 54,500 Ending Balances $ 19,500 65,000 71,500 195,000 $351,000 $74,100 97,500 65,000 114,400 $351,000
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