Appendix Problem Data from the current year-end Balance Sheet & the current year's Income Statement for ABC, Inc.: ASSETS Cash SALES $393,600 $ 20,000 Cost of Goods Sold 290,600 88,700 Operating Expenses 125,250 Income Tax Acct. Recivables Merchandise Inventory 86,800 Expense 11,600 Prepaid Expenses 9,700 Net Income $ 33,850 Plant Assets 176,900 Total Assets $382,100 Earnings Per Share $ 1.27 Dividends Per Share $ .50 LIABILITIES & EQUITY Acct. Payable $ 90,500 Beginning-of-year Balance Sheet data: L/T Notes Payable 93,000 Acct. Receivables $ 72,200 Common Stock, $5 Par 133,000 Merchandise Inventory 105,100 Retained earnings 65,600 Total Assets 383,400 Total Liab. & Equity $382,100 Common Stock 133,000 Retained Earnings 49,100 Calculate the following ratios for ABC, Inc. for the current year: 1. Current Ratio 2. Acid-test Ratio 3. A/R Turnover 4. Inventory Turnover 5. Profit Margin 6. Return on Assets 7. Return on Equity 8. Debt to Equity Ratio 9. Price Earnings Ratio ( Current Price $ 12.00/Share) 10. Dividend Yield
Appendix Problem Data from the current year-end Balance Sheet & the current year's Income Statement for ABC, Inc.: ASSETS Cash SALES $393,600 $ 20,000 Cost of Goods Sold 290,600 88,700 Operating Expenses 125,250 Income Tax Acct. Recivables Merchandise Inventory 86,800 Expense 11,600 Prepaid Expenses 9,700 Net Income $ 33,850 Plant Assets 176,900 Total Assets $382,100 Earnings Per Share $ 1.27 Dividends Per Share $ .50 LIABILITIES & EQUITY Acct. Payable $ 90,500 Beginning-of-year Balance Sheet data: L/T Notes Payable 93,000 Acct. Receivables $ 72,200 Common Stock, $5 Par 133,000 Merchandise Inventory 105,100 Retained earnings 65,600 Total Assets 383,400 Total Liab. & Equity $382,100 Common Stock 133,000 Retained Earnings 49,100 Calculate the following ratios for ABC, Inc. for the current year: 1. Current Ratio 2. Acid-test Ratio 3. A/R Turnover 4. Inventory Turnover 5. Profit Margin 6. Return on Assets 7. Return on Equity 8. Debt to Equity Ratio 9. Price Earnings Ratio ( Current Price $ 12.00/Share) 10. Dividend Yield
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.14P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
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