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I uploaded pictures for problem 17-4B. I am trying to figure out the  1. Working Capital 2. Current Ratio 3. Quick Ratio

I uploaded pictures for problem 17-4B. I am trying to figure out the  1. Working Capital 2. Current Ratio 3. Quick Ratio

FINANCIAL ACCOUNTING
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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I uploaded pictures for problem 17-4B.

I am trying to figure out the 

1. Working Capital

2. Current Ratio

3. Quick Ratio

8. Ratio of Fixed Assets to long-term Liabilities

9. Ratio of Liabilities to Stockholders Equity

10. Times interest earned

11. Asset Turnover

13. Return on Stockholders Equity

14. Return on Common Stockhholders Equity 

15. Earnings per share on Common stock

16. Price Earnings Ratio

17. Dividends per share of Common Stock

### Stargel Inc. Comparative Retained Earnings Statement #### For the Years Ended December 31, 20Y2 and 20Y1 **Retained Earnings, January 1** - 20Y2: $4,945,000 - 20Y1: $4,935,000 **Net Income** - 20Y2: $925,000 - 20Y1: $900,000 **Total** - 20Y2: $5,870,000 - 20Y1: $5,835,000 **Dividends:** - **Preferred Stock Dividends** - 20Y2: $45,000 - 20Y1: $45,000 - **Common Stock Dividends** - 20Y2: $50,000 - 20Y1: $50,000 - **Total Dividends** - 20Y2: $95,000 - 20Y1: $95,000 **Retained Earnings, December 31** - 20Y2: $5,775,000 - 20Y1: $5,740,000 The table outlines the comparative financial data for Stargel Inc. over two fiscal years, 20Y1 and 20Y2. It reflects changes in retained earnings, net income, and dividends distributed to preferred and common stockholders. The data shows an increase in retained earnings at the beginning and end of the period, along with a consistent pattern in dividend distribution.
Transcribed Image Text:### Stargel Inc. Comparative Retained Earnings Statement #### For the Years Ended December 31, 20Y2 and 20Y1 **Retained Earnings, January 1** - 20Y2: $4,945,000 - 20Y1: $4,935,000 **Net Income** - 20Y2: $925,000 - 20Y1: $900,000 **Total** - 20Y2: $5,870,000 - 20Y1: $5,835,000 **Dividends:** - **Preferred Stock Dividends** - 20Y2: $45,000 - 20Y1: $45,000 - **Common Stock Dividends** - 20Y2: $50,000 - 20Y1: $50,000 - **Total Dividends** - 20Y2: $95,000 - 20Y1: $95,000 **Retained Earnings, December 31** - 20Y2: $5,775,000 - 20Y1: $5,740,000 The table outlines the comparative financial data for Stargel Inc. over two fiscal years, 20Y1 and 20Y2. It reflects changes in retained earnings, net income, and dividends distributed to preferred and common stockholders. The data shows an increase in retained earnings at the beginning and end of the period, along with a consistent pattern in dividend distribution.
# Stargel Inc. Financial Statements ## Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 | Item | 20Y2 | 20Y1 | |-------------------------------|------------|------------| | Sales | $10,000,000| $9,400,000 | | Cost of goods sold | $5,350,000 | $4,950,000 | | **Gross Profit** | $4,650,000 | $4,450,000 | | Selling expenses | $2,000,000 | $1,880,000 | | Administrative expenses | $1,500,000 | $1,410,000 | | **Total Operating Expenses** | $3,500,000 | $3,290,000 | | **Income from Operations** | $1,150,000 | $1,160,000 | | Other revenue | $30,000 | $30,000 | | **Other expense (interest)** | $(80,000) | $(80,000) | | **Income before Income Tax** | $1,100,000 | $1,110,000 | | Income tax expense | $1,130,000 | $1,150,000 | | **Net Income** | $230,000 | $225,000 | ## Comparative Balance Sheet December 31, 20Y2 and 20Y1 ### Assets | Asset Type | 20Y2 | 20Y1 | |-------------------------------|------------|------------| | **Current Assets:** | | | | Cash | $500,000 | $400,000 | | Marketable securities | $1,010,000 | $1,000,000 | | Accounts receivable (net) | $740,000 | $700,000 | | Inventories | $1,190,000 | $950,000 | | Prepaid expenses | $250,000 | $229,000 | | **Total Current Assets** | $3,690,000 | $3,089,000 | | Long-term investments | $350,000 | $300,000 | | Property, plant, and equipment (net
Transcribed Image Text:# Stargel Inc. Financial Statements ## Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 | Item | 20Y2 | 20Y1 | |-------------------------------|------------|------------| | Sales | $10,000,000| $9,400,000 | | Cost of goods sold | $5,350,000 | $4,950,000 | | **Gross Profit** | $4,650,000 | $4,450,000 | | Selling expenses | $2,000,000 | $1,880,000 | | Administrative expenses | $1,500,000 | $1,410,000 | | **Total Operating Expenses** | $3,500,000 | $3,290,000 | | **Income from Operations** | $1,150,000 | $1,160,000 | | Other revenue | $30,000 | $30,000 | | **Other expense (interest)** | $(80,000) | $(80,000) | | **Income before Income Tax** | $1,100,000 | $1,110,000 | | Income tax expense | $1,130,000 | $1,150,000 | | **Net Income** | $230,000 | $225,000 | ## Comparative Balance Sheet December 31, 20Y2 and 20Y1 ### Assets | Asset Type | 20Y2 | 20Y1 | |-------------------------------|------------|------------| | **Current Assets:** | | | | Cash | $500,000 | $400,000 | | Marketable securities | $1,010,000 | $1,000,000 | | Accounts receivable (net) | $740,000 | $700,000 | | Inventories | $1,190,000 | $950,000 | | Prepaid expenses | $250,000 | $229,000 | | **Total Current Assets** | $3,690,000 | $3,089,000 | | Long-term investments | $350,000 | $300,000 | | Property, plant, and equipment (net
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