Homework Help is Here – Start Your Trial Now!
Business
Accounting
Assets Current assets Cash Debt investments Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities JETSON COMPANY Balance Sheets December 31 Bonds payable Total liabilities Stockholders' equity Common stock ($10 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2014 $ 23,100 44,800 106,200 116,400 290,500 485,300 $775,800 $138,200 25,300 163,500 132,000 295,500 150,000 330,300 480,300 $775,800 2013 $ 21,600 33,000 83,800 74,000 212,400 439,600 $652,000 $132,000 24,000 156,000 120,000 276,000 130,000 246,000 376,000 $652.000 All sales were on account. Net cash provided by operating activities was $108,000. Capital expenditures were $47,000, and cash dividends were $30,900.

Assets Current assets Cash Debt investments Accounts receivable Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities JETSON COMPANY Balance Sheets December 31 Bonds payable Total liabilities Stockholders' equity Common stock ($10 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2014 $ 23,100 44,800 106,200 116,400 290,500 485,300 $775,800 $138,200 25,300 163,500 132,000 295,500 150,000 330,300 480,300 $775,800 2013 $ 21,600 33,000 83,800 74,000 212,400 439,600 $652,000 $132,000 24,000 156,000 120,000 276,000 130,000 246,000 376,000 $652.000 All sales were on account. Net cash provided by operating activities was $108,000. Capital expenditures were $47,000, and cash dividends were $30,900.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

 Compute the following ratios for 2014 . (a) Earnings per share. (b) Return on common stockholders' equity?

answer with working 

 

Assets Current assets Cash Debt investments Accounts receivable Inventory Total current assets Plant assets (net) Total assets JETSON COMPANY Balance Sheets December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($10 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2014 $ 23,100 44,800 106,200 116,400 290,500 485,300 $775,800 $138,200 25,300 163,500 132,000 295,500 150,000 330,300 480,300 $775,800 2013 $ 21,600 33,000 83,800 74,000 212,400 439,600 $652,000 $132,000 24,000 156,000 120,000 276,000 130,000 246,000 376,000 $652.000 All sales were on account. Net cash provided by operating activities was $108,000. Capital expenditures were $47,000, and cash dividends were $30,900. Instructions
Transcribed Image Text:Assets Current assets Cash Debt investments Accounts receivable Inventory Total current assets Plant assets (net) Total assets JETSON COMPANY Balance Sheets December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock ($10 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2014 $ 23,100 44,800 106,200 116,400 290,500 485,300 $775,800 $138,200 25,300 163,500 132,000 295,500 150,000 330,300 480,300 $775,800 2013 $ 21,600 33,000 83,800 74,000 212,400 439,600 $652,000 $132,000 24,000 156,000 120,000 276,000 130,000 246,000 376,000 $652.000 All sales were on account. Net cash provided by operating activities was $108,000. Capital expenditures were $47,000, and cash dividends were $30,900. Instructions
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS