Condensed balance sheet and income statement data for Jernigan Corporation
Condensed balance sheet and income statement data for Jernigan Corporation are presented here.


Additional information:
1. The market price of Jernigan’s common stock was $7.00, $7.50, and $8.50 for 2012, 2013, and 2014, respectively.
2. You must compute dividends paid. All dividends were paid in cash.
Instructions
Compute the following ratios for 2013 and 2014.
(1) Profit margin.
(2) Gross profit rate.
(3) Asset turnover.
(4) Earnings per share.
(5) Price-earnings ratio.
(6) Payout ratio.
(7) Debt to assets ratio.
(b) Based on the ratios calculated, discuss briefly the improvement or lack thereof in the financial position and operating results from 2013 to 2014 of JerniganCorporation.
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
    Tutors
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
OR
Relevant Tutors available to help