Jeffersonian Corporation has been in business for over 50 years. The company is looking to expand operations

Question:

Jeffersonian Corporation has been in business for over 50 years. The company is looking to expand operations into the Pacific Rim and would like an analysis of its financial statements to be prepared. Review the financial statements below:

Jeffersonian Corporation

Comparative Income Statement

For years ended December 31, 2011 and 2010


Jeffersonian Corporation has been in business for over 50 years.


Jeffersonian Corporation
Comparative
Balance Sheet
For
years ended December 31, 2011 and 2010

Jeffersonian Corporation has been in business for over 50 years.


REQUIRED:
1. Prepare comparative income statements for year 2011 in comparison to year 2010.
2. Prepare common-size comparative balance sheet for years 2011 and 2010
3. Compute the following ratios for 2011. 
Current ratio 
Profit margin ratio
Acid-test ratio 
Total asset turnover
Accounts receivable turnover 
Return on total assets
Days' sales uncollected 
Earnings per share
Inventory turnover 
Price earnings ratio
Debt-to-equity ratio 
Dividend yield
Times interestearned

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've located the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Advanced Accounting

ISBN: 978-1118037911

1st Canadian Edition

Authors: Gail Fayerman

Question Posted: