me comparative inancial statements for CHINOOK Company are below Income statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet. Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (interest rate: 10%) Common stock ($5 par value, 6,480 shares outstanding) Retained earnings Total liabilities and stockholders' equity Earnings per share ratio Current ratio Year 2 Quick ratio Cash ratio Price earnings ratio Dividend yield ratio $ 214,000 118,000 96,000 58,400 % 37,600 10,400 $ 27,200 $ 6,400 15,200 42,400 48,600 $ 112,600 Year 1 $ 173,000 102,400 70,600 54,200 16,400 5,200 $ 11,200 $ 8,200 19,200 35,200 40,400 $ 103,000 Assume that the stock price per share is $40 and that dividends in the amount of $9.50 per share were paid during Year 2. Compute the following ratios: $ 17,200 46,200 32,400 16,800 $ 112,600 $ 103,000 Note: Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). $ 18,200 46,200 32,400 6,200

me comparative inancial statements for CHINOOK Company are below Income statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet. Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (interest rate: 10%) Common stock ($5 par value, 6,480 shares outstanding) Retained earnings Total liabilities and stockholders' equity Earnings per share ratio Current ratio Year 2 Quick ratio Cash ratio Price earnings ratio Dividend yield ratio $ 214,000 118,000 96,000 58,400 % 37,600 10,400 $ 27,200 $ 6,400 15,200 42,400 48,600 $ 112,600 Year 1 $ 173,000 102,400 70,600 54,200 16,400 5,200 $ 11,200 $ 8,200 19,200 35,200 40,400 $ 103,000 Assume that the stock price per share is $40 and that dividends in the amount of $9.50 per share were paid during Year 2. Compute the following ratios: $ 17,200 46,200 32,400 16,800 $ 112,600 $ 103,000 Note: Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). $ 18,200 46,200 32,400 6,200

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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