Required Working capital. (Round your answer to 2 decimal places.) Current ratio. (Round your answer to 2
Question:
Required
Working capital. (Round your answer to 2 decimal places.)
Current ratio. (Round your answer to 2 decimal places.)
Quick ratio. (Round your answer to 2 decimal places.)
Receivables turnover (beginning receivables at January, Year 3, were $54,000). (Round your answer to 2 decimal places.)
Average days to collect accounts receivable. (Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answer to the nearest whole number.)
Inventory turnover (beginning inventory at January 1, Year 3, was $160,000). (Round your answer to 2 decimal places.)
Number of days to sell inventory. (Use 365 days in a year. Round your intermediate calculations to 2 decimal places and your final answer to the nearest whole number.)
Debt-to-assets ratio. (Round your answers to the nearest whole percent.)
Debt-to-equity ratio. (Round your answer to 2 decimal places.)
Number of times interest was earned. (Round your answer to 2 decimal places.)
Plant assets to long-term debt. (Round your answer to 2 decimal places.)
Net margin. (Round your answer to 2 decimal places.)
Turnover of assets (average total assets in Year 3 is $547,000). (Round your answer to 2 decimal places.)
Return on investment (average total assets in Year 3 is $547,000). (Round your answer to 2 decimal places.)
Return on equity (average stockholders’ equity in Year 3 is $299,700). (Round your answer to 2 decimal places.)
Earnings per share (total shares outstanding is unchanged). (Round your answer to 2 decimal places.)
Book value per share of common stock. (Round your answer to 2 decimal places.)
Price-earnings ratio (market price per share: Year 3, $12.75; Year 4, $14.50). (Round your intermediate calculations to 2 decimal places and your final answer to the nearest whole number.)
Dividend yield on common stock. (Round your answer to 2 decimal places.)
Based on the ratios calculated, comment on the Company’s performance in the following areas. Compare the changes between years.
Liquidity
Solvency
Management’s Effectiveness
The Company’s Position in the Stock Market
Fundamental Managerial Accounting Concepts
ISBN: 978-0078110894
6th Edition
Authors: Edmonds, Tsay, olds