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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
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