Selected financial information for Carla VistaCorporation as of December are presented below. Current assets Current liabilities Stockholders' equity Total assets 1. 2 3. Net sales and net income for 2014 were $531,000 and $42,480 respectively. Dividends of $4,720 were declared for common stockholders and $7,080for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 4. 5. 6. Return on assets Profit margin Payout ratio Debt assets ratio 2014 Current ratio 2013 $118,640 $90,860 49,560 41,300 141,600 125,080 318,600 354,000 Return on common stockholders' equity % % %
Selected financial information for Carla VistaCorporation as of December are presented below. Current assets Current liabilities Stockholders' equity Total assets 1. 2 3. Net sales and net income for 2014 were $531,000 and $42,480 respectively. Dividends of $4,720 were declared for common stockholders and $7,080for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 4. 5. 6. Return on assets Profit margin Payout ratio Debt assets ratio 2014 Current ratio 2013 $118,640 $90,860 49,560 41,300 141,600 125,080 318,600 354,000 Return on common stockholders' equity % % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Selected financial information for Carla VistaCorporation as of December are presented below.
Current assets
Current liabilities
Stockholders' equity
Total assets
1.
2.
3.
4.
5.
6.
Return on assets
Net sales and net income for 2014 were $531,000 and $42,480 respectively. Dividends of $4,720 were declared for common stockholders and $7,080for preferred shareholders in 2014. Preferred stockholders'
equity is equal to 10% of total stockholders' equity.
Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.)
Profit margin
Payout ratio
Debt assets ratio
2014
Current ratio
$118,640
49.560
141,600
354,000
2013
$90,860
41,300
125.080
318.600
Return on common stockholders' equity
%
%
%
:1
%
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