1. Find the Earnings Per share on common stock 2. Find the Price-earnings ratio Chapter 17 HomeworkPR 17-4A Measures of liquidity, solvency, and profitabilityThe comparative financial statements of Marshall, Inc. are as follows. Themarket price of Marshall, Inc. common stock was $82.60 on December 31,2022.Marshall, Inc.Comparative Retained Earnings StatementFor the Years Ended December 31, 2022 and 20212022Retained Earnings, January 1Net IncomeDividends:On preferred stockOn common stockRetained Earnings, December 31$3,704,000600,000(10,000)(100,000)$4.194.0002021$3,264,000550,000(10,000)(100,000)$3.704.000Retrieved from:Warren, C. S., Jonick, C. A., & Schneider, J. S., (2021). Accounting (28 ed.). Boston, MA: CengageMarshall, Inc.Comparative Income StatementFor the Years Ended December 31, 2022 and 20212022$10,850,0006.000.000$ 4,850,000$ 2,170,0001,627,500$ 3,797,500$ 1,052,500SalesCost of merchandise soldGross profitSelling expensesAdministrative expensesTotal operating expensesIncome from operationsOther revenue and expense:Other revenueOther expense (interest)Income before income tax expenseIncome tax expenseNet Income99,500(132,000)$ 1,020,000420,000$ 600.0002021$10,000,0005,450,000$ 4,550,000$ 2,000,0001,500,000$ 3,500,000$ 1,050,00020,000(120,000)$ 950,000400,000$ 550.000Retrieved from:Warren, C. S., Jonick, C. A., & Schneider, J. S., (2021). Accounting (28 ed.). Boston, MA: Cengage Current assets:CashMarketable securitiesAccounts receivable (net)InventoriesPrepaid expensesMarshall, Inc.Comparative Balance SheetsDecember 31, 2022 and 20212022Total current assetsLong-term investmentsProperty, plant, and equipment (net)Total assetsCurrent liabilities:Long-term liabilities:Mortgage note payable, 6%Bonds payable, 4%Total liabilitiesTotal long-term liabilitiesPreferred 4% stock, $5 parCommon stock, $5 parRetained earningsAssets$ 1,050,000301,000585,000420,000108,000$ 2,464,000LiabilitiesTotal stockholders' equityTotal liabilities and stockholders' equity800,0005,760,000$9.024.000$ 880,000$ 200,0003,000,000$3,200,000$ 4,080,000Stockholders' Equity$ 250,000500,0004,194,000$ 4,944,000$9.024.0002021$ 950,000420,000500,000380,00020,000$ 2,270,000800,0005,184,000$ 8.254.000$ 800,000$03,000,000$3,000,000$ 3,800,000$ 250,000500,0003,704,000$ 4,454,000$ 8.254.000Retrieved from:Warren, C. S., Jonick, C. A., & Schneider, J. S., (2021). Accounting (28 ed.). Boston, MA: CengageInstructionsDetermine the following measures for 2022, rounding to one decimal place,including percentages, except for per-share amounts:1. Working capital2. Current ratio3. Quick ratio4. Accounts receivable turnover5. Number of days' sales in receivables6. Inventory turnover7. Number of days' sales in inventory8. Ratio of fixed assets to long-term liabilities9. Ratio of liabilities to stockholders' equity10. Times interest earned11. Asset turnover12. Return on total assets13. Return on stockholders' equity14. Return on common stockholders' equity15. Earnings per share on common stock16. Price-earnings ratio17. Dividends per share of common stock18. Dividend yieldRetrieved from:Warren, C. S., Jonick, C. A., & Schneider, J. S., (2021). Accounting (28 ed.). Boston, MA: Cengage

Earnings per share on common stock: It is a financial ratio. It is calculating by divides net…

Chapter 17 Homework PR 17-4A Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall, Inc. are as follows. The market price of Marshall, Inc. common stock was $82.60 on December 31, 2022. Marshall, Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2022 and 2021 2022 Retained Earnings, January 1 Net Income Dividends: On preferred stock On common stock Retained Earnings, December 31 $3,704,000 600,000 (10,000) (100,000) $4.194.000 2021 $3,264,000 550,000 (10,000) (100,000) $3.704.000 Retrieved from: Warren, C. S., Jonick, C. A., & Schneider, J. S., (2021). Accounting (28 ed.). Boston, MA: Cengage Marshall, Inc. Comparative Income Statement For the Years Ended December 31, 2022 and 2021 2022 $10,850,000 6,000,000 $4,850,000 $ 2,170,000 1,627,500 $ 3,797,500 $ 1,052,500 Sales Cost of merchandise sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue and expense: Other revenue Other expense (interest) Income before income tax expense Income tax expense Net Income 99,500 (132,000) $1,020,000 420,000 $ 600.000 2021 $10,000,000 5,450,000 $ 4,550,000 $ 2,000,000 1,500,000 $3,500,000 $ 1,050,000 20,000 (120,000) $ 950,000 400,000 $ 550.000 Retrieved from: Warren, C. S., Jonick, C. A., & Schneider, J. S., (2021). Accounting (28 ed.). Boston, MA: Cengage

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q