Homework Help is Here – Start Your Trial Now!
Business
Accounting
Determine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts. 1. Working Capital 2. Current Ratio 3. Quick Ratio 4. Accounts Receivable Turnover 5. Number of days' sales in receivables  6. Inventory Turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholder's equity 10. Times interest earned 11. Asset Turnover 12. Return on Total Assets 13. Return on Stockholder's Equity 14. Return on Common Stock 15. Earnings per share on Common Stock 16. Price-earnings ratio 17. Dividends per share of Common Stock 18. Dividend Yield

Determine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts. 1. Working Capital 2. Current Ratio 3. Quick Ratio 4. Accounts Receivable Turnover 5. Number of days' sales in receivables  6. Inventory Turnover 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholder's equity 10. Times interest earned 11. Asset Turnover 12. Return on Total Assets 13. Return on Stockholder's Equity 14. Return on Common Stock 15. Earnings per share on Common Stock 16. Price-earnings ratio 17. Dividends per share of Common Stock 18. Dividend Yield

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

Please Help! I am struggling so much with this chapter.

Instructions:

Determine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts.

1. Working Capital

2. Current Ratio

3. Quick Ratio

4. Accounts Receivable Turnover

5. Number of days' sales in receivables 

6. Inventory Turnover

7. Number of days' sales in inventory

8. Ratio of fixed assets to long-term liabilities

9. Ratio of liabilities to stockholder's equity

10. Times interest earned

11. Asset Turnover

12. Return on Total Assets

13. Return on Stockholder's Equity

14. Return on Common Stock

15. Earnings per share on Common Stock

16. Price-earnings ratio

17. Dividends per share of Common Stock

18. Dividend Yield

**Comparative Retained Earnings Statement for Stagle, Inc.** ### For the Years Ended December 31, 2012 and 2011 **2012:** - **Retained Earnings, January 1:** $535,000 - **Net Income:** $625,000 - **Total:** $1,160,000 - **Dividends:** - **Preferred Stock Dividends:** $45,000 - **Common Stock Dividends:** $58,000 - **Total Dividends:** $103,000 - **Retained Earnings, December 31:** $1,057,000 **2011:** - **Retained Earnings, January 1:** $395,000 - **Net Income:** $545,000 - **Total:** $940,000 - **Dividends:** - **Preferred Stock Dividends:** $45,000 - **Common Stock Dividends:** $51,000 - **Total Dividends:** $96,000 - **Retained Earnings, December 31:** $844,000 The image provides information on Stagle, Inc.'s retained earnings over two years, showing the progression from the beginning to the end of each year, incorporating net income and dividends paid. The table serves as a key indicator of financial health and management's decisions regarding income retention and dividends.
Transcribed Image Text:**Comparative Retained Earnings Statement for Stagle, Inc.** ### For the Years Ended December 31, 2012 and 2011 **2012:** - **Retained Earnings, January 1:** $535,000 - **Net Income:** $625,000 - **Total:** $1,160,000 - **Dividends:** - **Preferred Stock Dividends:** $45,000 - **Common Stock Dividends:** $58,000 - **Total Dividends:** $103,000 - **Retained Earnings, December 31:** $1,057,000 **2011:** - **Retained Earnings, January 1:** $395,000 - **Net Income:** $545,000 - **Total:** $940,000 - **Dividends:** - **Preferred Stock Dividends:** $45,000 - **Common Stock Dividends:** $51,000 - **Total Dividends:** $96,000 - **Retained Earnings, December 31:** $844,000 The image provides information on Stagle, Inc.'s retained earnings over two years, showing the progression from the beginning to the end of each year, incorporating net income and dividends paid. The table serves as a key indicator of financial health and management's decisions regarding income retention and dividends.
**Stargel Inc. Financial Statements** ### Comparative Income Statement **For the Years Ended December 31, 20Y2 and 20Y1** - **Sales:** - 20Y2: $10,000,000 - 20Y1: $9,400,000 - **Cost of Goods Sold:** - 20Y2: $5,350,000 - 20Y1: $4,950,000 - **Gross Profit:** - 20Y2: $4,650,000 - 20Y1: $4,450,000 - **Operating Expenses:** - Selling Expenses: - 20Y2: $2,000,000 - 20Y1: $1,820,000 - Administrative Expenses: - 20Y2: $650,000 - 20Y1: $640,000 - Total Operating Expenses: - 20Y2: $2,650,000 - 20Y1: $2,460,000 - **Income from Operations:** - 20Y2: $2,000,000 - 20Y1: $1,990,000 - **Other Revenue:** - 20Y2: $150,000 - 20Y1: $170,000 - **Other Expense (Interest):** - 20Y2: $130,000 - 20Y1: $130,000 - **Income Before Income Tax:** - 20Y2: $2,020,000 - 20Y1: $2,030,000 - **Income Tax Expense:** - 20Y2: $1,130,000 - 20Y1: $1,105,000 - **Net Income:** - 20Y2: $900,000 - 20Y1: $925,000 ### Comparative Balance Sheet **December 31, 20Y2 and 20Y1** #### Assets - **Current Assets:** - Cash: - 20Y2: $500,000 - 20Y1: $400,000 - Marketable Securities:
Transcribed Image Text:**Stargel Inc. Financial Statements** ### Comparative Income Statement **For the Years Ended December 31, 20Y2 and 20Y1** - **Sales:** - 20Y2: $10,000,000 - 20Y1: $9,400,000 - **Cost of Goods Sold:** - 20Y2: $5,350,000 - 20Y1: $4,950,000 - **Gross Profit:** - 20Y2: $4,650,000 - 20Y1: $4,450,000 - **Operating Expenses:** - Selling Expenses: - 20Y2: $2,000,000 - 20Y1: $1,820,000 - Administrative Expenses: - 20Y2: $650,000 - 20Y1: $640,000 - Total Operating Expenses: - 20Y2: $2,650,000 - 20Y1: $2,460,000 - **Income from Operations:** - 20Y2: $2,000,000 - 20Y1: $1,990,000 - **Other Revenue:** - 20Y2: $150,000 - 20Y1: $170,000 - **Other Expense (Interest):** - 20Y2: $130,000 - 20Y1: $130,000 - **Income Before Income Tax:** - 20Y2: $2,020,000 - 20Y1: $2,030,000 - **Income Tax Expense:** - 20Y2: $1,130,000 - 20Y1: $1,105,000 - **Net Income:** - 20Y2: $900,000 - 20Y1: $925,000 ### Comparative Balance Sheet **December 31, 20Y2 and 20Y1** #### Assets - **Current Assets:** - Cash: - 20Y2: $500,000 - 20Y1: $400,000 - Marketable Securities:
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 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