Exercise 9-13A (Algo) Ratio analysis LO 9-2, 9-3, 9-4, 9-5Following is the balance sheet of Perez Company for Year 3:PEREZ COMPANYBalance sheetAssetsCashMarketable securitiesAccounts receivableInventoryProperty and equipmentAccumulated depreciationTotal assetsLiabilities and Stockholders' EquityAccounts payableCurrent notes payableMortgage payableBonds payableCommon stockRetained earningsTotal liabilities and stockholders' equitya. Current ratiob. Earnings per sharec. Quick (acid-test) ratiod. Return on investmente. Return on equityf. Debt to equity ratio$17.10 per share$ 15,3508,38013,16011, 100167,500%%(12,800)The average number of common stock shares outstanding during Year 3 was 900 shares. Net income for the year was $15,400:RequiredCompute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)$202,690$ 8,9603,8804,40021,720114,00049,730$202,690PAARDEAPONEMOS

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Answered: Following is the balance sheet of Perez…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses. Total current assets. Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities 1. Working capital 2. Current ratio: Current Year 3. Quick ratio b. The liquidity of Albertini has $356,400 412,700 168,900 1,547,700 797,300 $3,283,000 $388,600 281,400 $670,000 $278,400 313,200 104,400 1,167,500 746,500 $2,610,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year $406,000 174,000 $580,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities. Most of these changes are the…
USE THE DATA IN THE TABLE BELOW TO ANSWER THE FOLLOWING 3 QUESTIONS LukaDonc, Incorporated Balance Sheets for the Years Ending December 31, (All amounts are in dollars) Cash Accounts receivable Inventory Total current assets Net fixed assets* Land Total assets Notes payable Accounts payable Accruals Current portion of LT Debt Total current liabilities Long-term debt Common stock Capital surplus Retained earnings Total liabilities and equity Year 1 184,600 3,322,800 1,476,800 4,984,200 11,999,000 1,476,800 18,460,000 923,000 2,215,200 553,800 2,399,800 6,091,800 5,722,600 553,800 2,215,200 3,876,600 18,460,000 Year 2 201,700 3,227,200 2,017,000 5,445,900 13,110,500 1,613,600 20,170,000 806,800 2,017,000 806,800 2,823,800 6,454,400 6,252,700 806,800 2,622,100 4,034,000 20,170,000 Additional Data from Company Income Statement(s); Sales in Year 2 Net income in Year 2 Depreciation expense in Year 1 Depreciation expense in Year 2 *No long-term assets were sold in either Year 1 or Year 2…
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities a. Determine for each year (1) the working Current Year 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has current assets relative to current liabilities. $690,500 799,500 327,000 1,042,800 537,200. $3,397,000 $458,200 $579,600 652,100 217,300 673,400 430,600 $2,553,000 $483,000 331,800 207,000 $790,000 $690,000 capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Previous Year from the preceding year to the current year. The working capital, current ratio, and quick ratio have all . Most of these changes are the result of an in
The following condensed information is reported by Sporting Collectibles. Income Statement Information Sales revenue Cost of goods sold Net income Balance Sheet Information Current assets Long-term assets Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Profitability Ratios a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e. Return on equity % % % The amount of dividends paid Required: 1. Calculate the following profitability ratios for 2021: (Round your answers to 1 decimal place.) times % 2021 $10,440,000 6,827,760 360,000 2. Determine the amount of dividends paid to shareholders in 2021. 2020 $8,400,000 5,900,000 248,000 $ 1,600,000 2,200,000 $ 3,800,000 $ 1,200,000 1,500,000 800,000 $ 900,000 1,500,000 800,000 300,000 200,000 $ 3,800,000 $3,400,000 $1,500,000 1,900,000 $3,400,000
Using the given information, create a pro forma balance sheet. Covering all Assets and Liabilities listed within both photos.
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The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment Total Assets Current liabilities Long-term liabilities Stockholders' equity-common Total Liabilities and stockholders' equity Sales Cost of goods sold Gross margin Operating expenses Net income Number of shares of common stock Market price of common stock Dividends per share Cash provided by operations Liabilities and Stockholders' Equity Income Statement What is the current ratio for this company? Round your answer to one decimal point. 0.00 Ob.0.80 Oc 1.16 Od 1.42 $ 40,000 25,000 20,000 210.000 $295.000 60,000 85,000 150.000 $295.000 $85.000 45.000 40,000 20.000 5.20.000 6.000000 $20 0.90 $30,000 D
Calculate the following profitability ratios for 2018 and 2019. a. Gross profit ratio b. Return on assets c. Profit margin d. assets turnover
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What's the total asset turnover ratio of this company? Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets Liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term debt Owner's equity (1 million shares of common stock outstanding) Total liabilities and owner's equity Net sales (all credit) Less: Cost of goods sold Selling and administrative expense Depreciation expense Interest expense Earnings before taxes Income taxes Net income 1.41 2.33 O 4.45 1.11 8,000,000 (2,075,000) $600,000 900,000 1,500,000 75,000 $3,075,000 $5,925.000 $9,000,000 $800,000 700,000 50,000 $1,550,000 2,500,000 4,950,000 $9,000,000 $10,000,000 (3,000,000) (2,000,000) (250,000) (200,000) 4,550,000 (1,820,000) $2,730,000

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