Book value per share of common stock **Educational Website - Transcription and Explanation of Financial Statements for Kart Company**This page provides detailed financial statements for Kart Company, including income, expenses, and balance sheet data. The figures are critical for understanding the financial health and operational efficiency of the business.### Financial Statement Overview#### Income Statement1. **Revenues**: - Year 1: $486,000 - Year 2: $536,0002. **Cost of Goods Sold**: - Year 1: $252,000 - Year 2: $292,0003. **Gross Profit**: - Year 1: $234,000 - Year 2: $244,0004. **Selling Expenses**: - Year 1: $80,000 - Year 2: $88,0005. **General and Administrative Expenses**: - Year 1: $52,000 - Year 2: $60,000 6. **Depreciation Expenses**: - Year 1: $26,000 - Year 2: $30,0007. **Total Expenses**: - Year 1: $158,000 - Year 2: $178,0008. **Income Before Tax**: - Year 1: $76,000 - Year 2: $66,0009. **Income Tax Expense**: - Year 1: $30,000 - Year 2: $26,000 10. **Net Income**: - Year 1: $46,000 - Year 2: $40,000#### Balance Sheet1. **Current Assets**: - Cash: - Year 1: $8,000 - Year 2: $4,000 - Accounts Receivable: - Year 1: $70,000 - Year 2: $76,000 - Inventory: - Year 1: $192,000 - Year 2: $210,000 - Prepaid Expenses: - Year 1: $6,000 - Year 2: $4,000 - Total Current Assets: - Year 1: $276,000 - Year 2: ### Assignment 2#### Instructions:Please follow the instructions below and round your answers to two decimal places as indicated.1. **Net Margin**: (Round your answers to 2 decimal places.)2. **Return on Investment**: (Round your answers to 2 decimal places.)3. **Return on Equity**: (Round your answers to 2 decimal places.)4. **Earnings per Share**: (Round your answers to 2 decimal places.)5. **Price-Earnings Ratio**: Market prices at the end of Year 1 and Year 2 were $11.88 and $9.59, respectively. (Round your answers to 2 decimal places.)6. **Book Value per Share**: (Round your answers to 2 decimal places.)7. **Times Interest Earned**: (Round your answers to 2 decimal places.)8. **Working Capital**: (Round your answers to 2 decimal places.)9. **Current Ratio**: (Round your answers to 2 decimal places.)10. **Quick (Acid-Test) Ratio**: (Round your answers to 2 decimal places.)11. **Accounts Receivable Turnover**: (Round your answers to 2 decimal places.)12. **Inventory Turnover**: (Round your answers to 2 decimal places.)13. **Debt-to-Equity Ratio**: (Round your answers to 2 decimal places.)14. **Debt-to-Assets Ratio**: (Round your answers to the nearest whole percent.)#### Data Table:The table below provides specific values for various financial metrics for Year 1 and Year 2. | Metric | Year 1 | Year 2 ||--------------------------------|---------|---------|| Net Margin | 15.00% | 16.51% || Return on Investment | 9.71% | 12.45% || Return on Equity | 19.50% | 24.50% || Earnings per Share | $1.054 | $0.172 || Price-Earnings Ratio | 22.00 | 13.25 || Book Value per Share of Common Stock | $16.00 | $20.00 || Times Interest Earned | 2.51 | 3.09 || Working Capital |

Book value per share is the amount at which the share is issued or subscribed. This is computed by…

The following financial statements apply to Karl Company: Year 2 Revenues 436, 000 000'098 Expenses Cost of goods sold Selling expenses General and administrative expenses 252,000 000'902 000'z 000'zz 000'9 000'z 38,000 000'0z 000'9 Interest expense Income tax expense 000'98 Total expenses 000'598 000'90E $ 72,000 Net income 000'ss S Assets Current assets 000'58 $ 000'z 000'59 Cash 000'L $ 000'z 000'OL 000'00z 000'9 Marketable securities Accounts receivable 000'761 Inventories 000's 000'958 000'otz Prepaid expenses Total current assets 000'0TZ Plant and equipment (net) Intangibles $602,000 000'9ss$ Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities 000'80ts 000'08 S 000'E 138, 000 Accounts payable 000 0s Other 000'STT Total current liabilities Bonds payable 000'SET 000 '952 272, 000 Total liabilities Stockholders' equity Common stock (100,000 shares) CO0S 000+82 00092T 000 956 dobtzo9s Total stockholders' equity Total liabilities and stockholders equity Required Calculate the following ratios for Year 1 and Year 2. Since opening balance numbers are not presented do not use averages when calculating the ratios for Year 1. Instead, use the number presented on the Year 1 balance sheet.

The following financial statements apply to Karl Company: Year 2 Revenues 436, 000 000'098 Expenses Cost of goods sold Selling expenses General and administrative expenses 252,000 000'902 000'z 000'zz 000'9 000'z 38,000 000'0z 000'9 Interest expense Income tax expense 000'98 Total expenses 000'598 000'90E $ 72,000 Net income 000'ss S Assets Current assets 000'58 $ 000'z 000'59 Cash 000'L $ 000'z 000'OL 000'00z 000'9 Marketable securities Accounts receivable 000'761 Inventories 000's 000'958 000'otz Prepaid expenses Total current assets 000'0TZ Plant and equipment (net) Intangibles $602,000 000'9ss$ Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities 000'80ts 000'08 S 000'E 138, 000 Accounts payable 000 0s Other 000'STT Total current liabilities Bonds payable 000'SET 000 '952 272, 000 Total liabilities Stockholders' equity Common stock (100,000 shares) CO0S 000+82 00092T 000 956 dobtzo9s Total stockholders' equity Total liabilities and stockholders equity Required Calculate the following ratios for Year 1 and Year 2. Since opening balance numbers are not presented do not use averages when calculating the ratios for Year 1. Instead, use the number presented on the Year 1 balance sheet.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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