Sales Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income (4) (5) 1 cribed Text (6) 2 (7) Coronado Corporation Income Statements For the Years Ended December 31 2022 $744,500 40,900 703.600 (1) Profit margin (2) Gross profit rate (3) Asset turnover Additional information The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively You must compute dividends declared. All declared dividends were paid in cash in the year of declaration Compute the following ratios for 2021 and 2022. Round Asset turnover and Earnings per share to 2 decimal places, eg 165. Round payout ratio and debt to assets ratio to 0 decimal places, eg 18% Round all other answers to 1 decimal place, eg 6.8 or 6.8%) Earnings per share Price-earnings ratio Payout ratio. 426,600 277,000 178,496 $98,504 Debt to assets ratio (a) Compute the following ratios for 2021 and 2022. (Round Asset turnover and Earnings per share to 2 decimal places, eg 1.65. Round pa ratio and debt to assets ratio to O decimal places, eg 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%) eTextbook and Media 2022 2 2022 2021 $606.300 29,700 576.600 369,000 207,600 1323 % 37.21 1.13 2.78 $51.894 2.52 155.706 ( times 70.97 % times 31.80 % 2021 2021 8.56 34.24 1.07 1.62 4.63 89.79 2747 % % times times % %
Sales Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income (4) (5) 1 cribed Text (6) 2 (7) Coronado Corporation Income Statements For the Years Ended December 31 2022 $744,500 40,900 703.600 (1) Profit margin (2) Gross profit rate (3) Asset turnover Additional information The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively You must compute dividends declared. All declared dividends were paid in cash in the year of declaration Compute the following ratios for 2021 and 2022. Round Asset turnover and Earnings per share to 2 decimal places, eg 165. Round payout ratio and debt to assets ratio to 0 decimal places, eg 18% Round all other answers to 1 decimal place, eg 6.8 or 6.8%) Earnings per share Price-earnings ratio Payout ratio. 426,600 277,000 178,496 $98,504 Debt to assets ratio (a) Compute the following ratios for 2021 and 2022. (Round Asset turnover and Earnings per share to 2 decimal places, eg 1.65. Round pa ratio and debt to assets ratio to O decimal places, eg 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%) eTextbook and Media 2022 2 2022 2021 $606.300 29,700 576.600 369,000 207,600 1323 % 37.21 1.13 2.78 $51.894 2.52 155.706 ( times 70.97 % times 31.80 % 2021 2021 8.56 34.24 1.07 1.62 4.63 89.79 2747 % % times times % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please don't give image format
Transcribed Image Text:(a)
(1)
(2)
Sales
(3)
Less: Sales returns and allowances
Net sales
Cost of goods sold
Gross profit
Operating expenses (including income taxes)
Net income
nscribed Text
(5)
Additional information
1
2
Coronado Corporation
Income Statements
For the Years Ended December 31
2022
$744.500
Profit margin
Gross profit rate
Asset turnover
(4) Earnings per share
Price-earnings ratio
(6) Payout ratio
The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively
You must compute dividends declared. All declared dividends were paid in cash in the year of declaration
40,900
Compute the following ratios for 2021 and 2022. (Round Asset turnover and Earnings per share to 2 decimal places, eg 165. Round payout
ratio and debt to assets natio to 0 decimal places, eg 18% Round all other answers to 1 decimal place, eg 6.8 or 6.8%)
*
(7) Debt to assets ratio
703.600
Compute the following ratios for 2021 and 2022. (Round Asset turnover and Earnings per share to 2 decimal places, eg 1.65. Round payout
ratio and debt to assets ratio to O decimal places, eg 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%)
eTextbook and Media
426.600
$
277,000
178,496
$98,504
2022
S
2022
13.23
37.21
1.13
2.78
2021
$606,300
2.52
70.97
31.80
155.706
$51.894
29,700
%
%
576.600
369,000
207,600
times
%
times
%
2021
$
2021
8.56
34.24
1.07
1.62
%
%
27.47
times
4.63 times
89,79 %
%
Transcribed Image Text:Condensed balance sheet and income statement data for Coronado Corporation are presented here.
Cash
Accounts receivable (net)
Other current assets
Coronado Corporation
Balance Sheets
December 31
Investments
Property, plant, and equipment (net)
Current liabilities
Long-term debt
Common stock, $10 par
Retained earnings
2022
$29,700
49,500
89,800
55,100
500,800
$724,900
$84,500
145,100
354,000
141,300
$724,900
2021
$ 17,300
45,800
95,700
69,300
45,600
369,900
358,000
$598,000 $533,600
$80,200
$69,100
84,100
321,000
112,700
$598,000
Coronado Corporation
Income Statements
For the Years Ended December 31
2022
2020
2021
$17,100
49,000
63,900
49,100
308,000
107,400
$533,600
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