Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 76E
Related questions
Question
Based on the
![YR 3 (2021) YR 2 (2020) YR 1 (2019)
CURRENT RATIO
2.8
2.5
2.0
ACID TEST RATIO
0.7
0.9
1.2
ACCOUNTS RECEIVABLE TURNOVER
8.6
9.5
10.4
INVENTORY TURNOVER
5.0
5.7
6.8
SALES TREND
130.0
118.0
100.0
2.50 $
2.50 $
4%
DIVIDENDS PAID PER SHARE
$
2.50
DIVIDENDS YIELD RATIO
5%
3%
DIVIDEND PAYOUT RATIO
40%
50%
60%
RETURN ON TOTAL ASSETS
13.0%
11.8%
10.4%
RETURN ON COMMON STOCKHOLDERS' EQUITY
16.2%
14.5%
9.0%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7a1afbc2-a268-482e-bc95-dbecc5edcda9%2F7c61dcf3-0d05-40f4-9bd2-cac2b6ad54d8%2Fvl2d1tl_processed.png&w=3840&q=75)
Transcribed Image Text:YR 3 (2021) YR 2 (2020) YR 1 (2019)
CURRENT RATIO
2.8
2.5
2.0
ACID TEST RATIO
0.7
0.9
1.2
ACCOUNTS RECEIVABLE TURNOVER
8.6
9.5
10.4
INVENTORY TURNOVER
5.0
5.7
6.8
SALES TREND
130.0
118.0
100.0
2.50 $
2.50 $
4%
DIVIDENDS PAID PER SHARE
$
2.50
DIVIDENDS YIELD RATIO
5%
3%
DIVIDEND PAYOUT RATIO
40%
50%
60%
RETURN ON TOTAL ASSETS
13.0%
11.8%
10.4%
RETURN ON COMMON STOCKHOLDERS' EQUITY
16.2%
14.5%
9.0%
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