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Use this information for Kellman Company to answer the question that follow.
The
balance sheets at the end of each of the first 2 years of operations indicate the following:Kellman Company Year 2 Year 1 Total current assets $628,300 $551,200 Total investments 64,400 41,700 Total property, plant, and equipment 870,100 749,500 Total current liabilities 106,900 80,700 Total long-term liabilities 314,000 230,100 Preferred 9% stock , $100 par98,500 98,500 Common stock, $10 par 533,100 533,100 Paid-in capital in excess of par—Common stock 69,100 69,100 Retained earnings 441,200 330,900 Using the balance sheets for Kellman Company, if net income is $100,600 and interest expense is $42,200 for Year 2, what is the return on total assets for the year (rounded to two decimal places)?
a.4.02%b.6.44%c.9.83%d.7.49%
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- The balance sheets for a company and additional information are provided below. A COMPANY Balance Sheets December 31, 2024 and 2023 2024 2023 Assets Current assets: Cash $160,000 $116,000 Accounts receivable 70,000 88,000 Inventory 91,000 76,000 Investments 3,600 1,600 Long-term assets: Land 440,000 440,000 Equipment 750,000 630,000 Less: Accumulated depreciation (388,000) (228,000) Total assets $1,126,600 $1,123,600 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $95,200 $81,000 Interest payable 5,500 11,600 Income tax payable 7,500 4,600 Long-term liabilities: Notes payable 120,000 240,000 Stockholders' equity: Common stock 660,000 660,000 Retained earnings 238,400 126,400 Total liabilities and stockholders' equity $1,126,600 $1,123,600 Additional information for 2024: Net income is $112,000. Sales on account are $1,382,500. (All sales are credit sales.) Cost of goods…Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $299,520 $182,520 Property, plant, and equipment 542,880 484,380 Intangible assets 93,600 35,100 Current liabilities 215,280 112,320 Long-term liabilities 365,040 287,820 Common stock 93,600 98,280 Retained earnings 262,080 203,580 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous уear year year year Amount Percent Amount Percent Current assets $299,520 % $182,520 % Property, plant, and equipment 542,880 % 484,380 Intangible assets 93,600 % 35,100 % Total assets $936,000 % $702,000 % Current…The balance sheet data of Randolph Company for two recent years appears below: Assets: Year 2 Year 1 Current assets $445 $280 Plant assets 680 520 Total assets $1,125 $800 Liabilities and stockholders' equity: Current liabilities $285 $120 Long-term debt 255 160 Common stock 325 320 Retained earnings 260 200 Total liabilities and stockholders' equity $1,125 $800 Required: b. Using vertical analysis, prepare a comparative balance sheet. If required, round your answers to one decimal place. Randolph Company Comparative Balance Sheet For the Years Ended December 31, Year 2 and Year 1 Assets Year 2Amount Year 2Percent Year 1Amount Year 1Percent Current assets $445 fill in the blank 2e1a1e0b0fbcf94_1% $280 fill in the blank 2e1a1e0b0fbcf94_2% Plant assets 680 fill in the blank 2e1a1e0b0fbcf94_3 520 fill in the blank 2e1a1e0b0fbcf94_4 Total assets $1,125 fill in the blank 2e1a1e0b0fbcf94_5% $800 fill in the…
- Long-Term Solvency Analysis The following information was taken from Station Company's balance sheet: Fixed assets (net) $1,881,600 Long-term liabilities 448,000 Total liabilities 2,038,400 Total stockholders' equity 1,568,000 Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place. a. Ratio of fixed assets to long-term liabilities fill in the blank b. Ratio of liabilities to stockholders' equity fill in the blankCara Company provided the following information: 1/1/2013 12/31/2013Current assets 240,000 ?Property, plant and equipment 1,600,000 1,700,000Current liabilities ? 130,000Noncurrent liabilities 580,000 ?All assets and liabilities of the entity are reported at year-end. Working capitalof P92,000 remained unchanged from 2012 to 2013. Net income in 2013 wasP64,000. No dividends were declared during 2013 and there were no other changesin owner’s equity. What amount should be reported as noncurrent liabilities onDecember 31, 2013?a. 340,000b. 432,000c. 580,000d. 616,000Vertical Analysis of Balance Sheet Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follows: Current Year Previous Year Current assets $289,000 $172,260 Property, plant, and equipment 467,500 427,460 Intangible assets 93,500 38,280 Current liabilities 204,000 114,840 Long-term liabilities 306,000 229,680 Common stock 76,500 82,940 Retained earnings 263,500 210,540 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Alvaraz Company Comparative Balance Sheet For the Years Ended December 31 CurrentyearAmount CurrentyearPercent PreviousyearAmount PreviousyearPercent Current assets $289,000 fill in the blank 1% $172,260 fill in the blank 2% Property, plant, and equipment…
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