Current assets Cash $60,600 $64,600 Debt investments (short-term) 69,100 50,300 Accounts receivable (net) 117,500 102,800 Inventory 123,600 115,600 Total current assets 370,800 333,300 Plant assets (net) 601,200 523,900 Total assets $972,000 $857,200 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,600 $144,800 Income taxes payable 43,100 42,200 Total current liabilities 203,700 187,000 Bonds payable 220,000 200,000 Total liabilities 423,700 387,000 Stockholders' equity Common stock ($5 par) 277,400 297,100 Retained earnings 270,900 173,100 Total stockholders' equity 548,300 470,200 Total liabilities and stockholders' equity $972,000 $857,200 All sales were on credit. Net cash provided by operating activities for 2027 was $243,000. Capital expenditures were $139,000, and cash dividends paid were $91,785. Compute the following ratios for 2027. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.) The comparative statements of Pharoah Company are presented here. Pharoah Company Income Statement For the Years Ended December 31 2027 2026 Net sales $1,813,600 $1,750,700 Cost of goods sold 1,007,100 978,000 Gross profit 806,500 772,700 Selling and administrative expenses 519,800 472,000 Income from operations 286,700 300,700 Other expenses and losses Interest expense 17,100 14,200 Income before income taxes 269,600 286,500 Income tax expense 80,015 77,500 Net income $ 189,585 $209,000
Current assets Cash $60,600 $64,600 Debt investments (short-term) 69,100 50,300 Accounts receivable (net) 117,500 102,800 Inventory 123,600 115,600 Total current assets 370,800 333,300 Plant assets (net) 601,200 523,900 Total assets $972,000 $857,200 Liabilities and Stockholders' Equity Current liabilities Accounts payable $160,600 $144,800 Income taxes payable 43,100 42,200 Total current liabilities 203,700 187,000 Bonds payable 220,000 200,000 Total liabilities 423,700 387,000 Stockholders' equity Common stock ($5 par) 277,400 297,100 Retained earnings 270,900 173,100 Total stockholders' equity 548,300 470,200 Total liabilities and stockholders' equity $972,000 $857,200 All sales were on credit. Net cash provided by operating activities for 2027 was $243,000. Capital expenditures were $139,000, and cash dividends paid were $91,785. Compute the following ratios for 2027. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1, and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.) The comparative statements of Pharoah Company are presented here. Pharoah Company Income Statement For the Years Ended December 31 2027 2026 Net sales $1,813,600 $1,750,700 Cost of goods sold 1,007,100 978,000 Gross profit 806,500 772,700 Selling and administrative expenses 519,800 472,000 Income from operations 286,700 300,700 Other expenses and losses Interest expense 17,100 14,200 Income before income taxes 269,600 286,500 Income tax expense 80,015 77,500 Net income $ 189,585 $209,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Find Out :
(a)Earnings per share
(b)Return on common
(c)Return on assets in %
(d)
(e)
(f)Average collection period in days
(g)Inventory turnover in times
(h)Days in inventory in days
(i)Times interest earned in times
(j)Asset turnover in times
(k)Debt to assets ratio in %
(l)
Transcribed Image Text:Current assets
Cash
$60,600
$64,600
Debt investments (short-term)
69,100
50,300
Accounts receivable (net)
117,500
102,800
Inventory
123,600
115,600
Total current assets
370,800
333,300
Plant assets (net)
601,200
523,900
Total assets
$972,000
$857,200
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable
$160,600
$144,800
Income taxes payable
43,100
42,200
Total current liabilities
203,700
187,000
Bonds payable
220,000
200,000
Total liabilities
423,700
387,000
Stockholders' equity
Common stock ($5 par)
277,400
297,100
Retained earnings
270,900
173,100
Total stockholders' equity
548,300
470,200
Total liabilities and stockholders' equity
$972,000
$857,200
All sales were on credit. Net cash provided by operating activities for 2027 was $243,000. Capital expenditures were $139,000, and
cash dividends paid were $91,785.
Compute the following ratios for 2027. (Round Earnings per share, Current ratio and Asset turnover to 2 decimal places, e.g. 1.65 or 1.65:1,
and all other answers to 1 decimal place, e.g. 6.8 or 6.8%. Use 365 days for calculation.)
Transcribed Image Text:The comparative statements of Pharoah Company are presented here.
Pharoah Company
Income Statement
For the Years Ended December 31
2027
2026
Net sales
$1,813,600
$1,750,700
Cost of goods sold
1,007,100
978,000
Gross profit
806,500
772,700
Selling and administrative expenses
519,800
472,000
Income from operations
286,700
300,700
Other expenses and losses
Interest expense
17,100
14,200
Income before income taxes
269,600
286,500
Income tax expense
80,015
77,500
Net income
$ 189,585
$209,000
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