calculate the following question below DIS. Bla 1/S= Sales reve During 2019, management obtained additional bond financing

calculate the following question below

 

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DIS. Bla "1/S= Sales reve During 2019, management obtained additional bond financing to enlarge its production facilities. The company faced higher production costs during the year for such things as fuel, materials, and freight. Because of temporary government price controls, a planned price increase on products was delayed several months. As a holder of both common and preferred stock, you decide to analyze the financial statements: Common-Siz Ratios and Common-Size Data Consider the following financial statements for Benjamin Company. Assets Cash and cash equivalents Benjamin Company Balance Sheet Accounts receivable (net) Inventory Prepaid expenses Plant and other assets (net) Total Assets Liabilities and Stockholders' Equity Current liabilities 10% Bonds payable 9% Preferred stock, $50 Par Value Common stock, $10 Par Value Retained earnings Total Liabilities and Stockholders' Equit $687,000 a. Calculate the follwing ratios: Round answers to two decimal places Current ratio: Quick ratio: Operating-cash-flow-to-current-liabilities: Inventory turnover. Debt-to-equity ratio: Return on assets: 12/31/2019 12/31/2018 $21,000 $12,000 55,000 120,000 20,000 471,000 Other Info *Current liabilities were $77,000,000 at January 1, 2018 *Inventory was $87,000,000 at January 1, 2018 43,000 105,000 14,000 411,000 $687,000 $585,000 $93,000 225,000 *Total Assets were $490,000,000 at Janyary 1, 2018 *Common Stockholders' equity was $235,000,000 at January 1, 2018 Sales revenue Cost of goods sold Gross profit on sales Selling and administrative expenses Income before interest expense and ind Interest expense Income before income taxes Income tax expense Net income 75,000 200,000 94,000 2019 $82,000 160,000 75,000 200,000 68,000 $585,000 b. Calculate common-size percentages for each year's income statement. "Round answers to one decimal place. 2019 $820,000 545,000 275,000 175,000 100,000 23,000 77,000 15,000 $62,000 2018 Common Size 2018 $680,000 433,920 246,080 149,200 96,880 16,000 80,880 19,000 $61,880 Sates revenue Cost of goods sold Benjamin Company Income Statement Gross profit on sales Selling and administrative expenses Income before interest expense and i Interest expense Income before income taxes Income tax expense Common Size 2018 2019 $820,000 $680,000 545,000 433,920 275,000 246,080 175,000 149,200 100,000 96,880 16,000 23,000 77,000 15,000 $62,000 Net income Other financial data (thousands of dollars) Cash provided by operating activities $65,200 Preferred stock dividends 6,750 80,880 19,000 $61,880 $60,500 6,75C DIS. Bla "1/S= Sales reve During 2019, management obtained additional bond financing to enlarge its production facilities. The company faced higher production costs during the year for such things as fuel, materials, and freight. Because of temporary government price controls, a planned price increase on products was delayed several months. As a holder of both common and preferred stock, you decide to analyze the financial statements: Common-Siz Ratios and Common-Size Data Consider the following financial statements for Benjamin Company. Assets Cash and cash equivalents Benjamin Company Balance Sheet Accounts receivable (net) Inventory Prepaid expenses Plant and other assets (net) Total Assets Liabilities and Stockholders' Equity Current liabilities 10% Bonds payable 9% Preferred stock, $50 Par Value Common stock, $10 Par Value Retained earnings Total Liabilities and Stockholders' Equit $687,000 a. Calculate the follwing ratios: Round answers to two decimal places Current ratio: Quick ratio: Operating-cash-flow-to-current-liabilities: Inventory turnover. Debt-to-equity ratio: Return on assets: 12/31/2019 12/31/2018 $21,000 $12,000 55,000 120,000 20,000 471,000 Other Info *Current liabilities were $77,000,000 at January 1, 2018 *Inventory was $87,000,000 at January 1, 2018 43,000 105,000 14,000 411,000 $687,000 $585,000 $93,000 225,000 *Total Assets were $490,000,000 at Janyary 1, 2018 *Common Stockholders' equity was $235,000,000 at January 1, 2018 Sales revenue Cost of goods sold Gross profit on sales Selling and administrative expenses Income before interest expense and ind Interest expense Income before income taxes Income tax expense Net income 75,000 200,000 94,000 2019 $82,000 160,000 75,000 200,000 68,000 $585,000 b. Calculate common-size percentages for each year's income statement. "Round answers to one decimal place. 2019 $820,000 545,000 275,000 175,000 100,000 23,000 77,000 15,000 $62,000 2018 Common Size 2018 $680,000 433,920 246,080 149,200 96,880 16,000 80,880 19,000 $61,880 Sates revenue Cost of goods sold Benjamin Company Income Statement Gross profit on sales Selling and administrative expenses Income before interest expense and i Interest expense Income before income taxes Income tax expense Common Size 2018 2019 $820,000 $680,000 545,000 433,920 275,000 246,080 175,000 149,200 100,000 96,880 16,000 23,000 77,000 15,000 $62,000 Net income Other financial data (thousands of dollars) Cash provided by operating activities $65,200 Preferred stock dividends 6,750 80,880 19,000 $61,880 $60,500 6,75C