Seven metricsThe following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets.Property, plant, and equipment (net)Liabilities:Current liabilitiesMortgage note payable, 10%, ten-year note issued two years agoTotal liabilitiesStockholders' equity:Preferred $2 stock, $100 par (no change during year)Common stock, $10 par (no change during year)Retained earnings:Balance, beginning of yearNet incomePreferred dividendsCommon dividendsBalance, end of yearTotal stockholders' equitySalesCheck My Work$1,440,000566,000$27,000179,000$225,0001,125,000$2,006,000206,000$1,800,000$1,350,000$1,350,0001,350,0001,800,000$4,500,000$13,614,650Previous Balance, end of yearTotal stockholders' equitySalesInterest expenseBeginning-of-the-year amounts:Property, plant, and equipment (net)Total assetsa.Retained earningsDetermine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders' equity, (d) asset turnover, (e) returntotal assets, (f) return on stockholders' equity, and (g) return on common stockholders' equity. Round to two decimal places.Debt ratiob. Ratio of fixed assets to long-term liabilitiesC. Ratio of liabilities to stockholders' equityd. Asset turnovere.Return on total assetsf. Return on stockholders' equityg. Return on common stockholders' equity%%%1,800,000$4,500,000$13,614,650%$141,234$ 2,925,0005,557,0001,440,000

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Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders' equity, (d) asset turnover, (e) return total assets, (f) return on stockholders' equity, and (g) return on common stockholders' equity. Round to two decimal places. a. Debt ratio b. Ratio of fixed assets to long-term liabilities Ratio of liabilities to stockholders' equity C. %

Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders' equity, (d) asset turnover, (e) return total assets, (f) return on stockholders' equity, and (g) return on common stockholders' equity. Round to two decimal places. a. Debt ratio b. Ratio of fixed assets to long-term liabilities Ratio of liabilities to stockholders' equity C. %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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