A company reports the following:

Net income	$602,000
Preferred dividends	$34,000
Shares of common stock outstanding	80,000
Market price per share of common stock	$58.22

a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. $fill in the blank 1

b. Determine the company's price-earnings ratio. Round to one decimal place. fill in the blank 2

bThe following items are reported on a company's balance sheet:

Cash	$300,000
Marketable securities	234,400
Accounts receivable (net)	227,400
Inventory	175,800
Accounts payable	586,000

Determine (a) the current ratio and (b) the quick ratio. Round to one decimal place.

a. Current ratio	fill in the blank 1
b. Quick ratio	fill in the blank 2

The following information was taken from Acme Company's balance sheet:

Fixed assets (net)	$692,000
Long-term liabilities	346,000
Total liabilities	242,200
Total stockholders' equity	1,211,000

Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place.

a. Ratio of fixed assets to long-term liabilities	fill in the blank 1
b. Ratio of liabilities to stockholders' equity	fill in the blank 2

A company reports the following:

Cost of goods sold	$246,375
Average inventory	54,750

Determine (a) the inventory turnover and (b) the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year.

a. Inventory turnover	fill in the blank 1
b. Number of days' sales in inventory	fill in the blank 2

Income statement information for Einsworth Corporation follows:

Sales	$521,000
Cost of goods sold	145,880
Gross profit	375,120

Prepare a vertical analysis of the income statement for Einsworth Corporation. If required, round percentage answers to the nearest whole number.

	Amount	Percentage
Sales	$521,000	fill in the blank 1%
Cost of goods sold	145,880	fill in the blank 2
Gross profit	$375,120	fill in the blank 3%

A company reports the following income statement and balance sheet information for the current year:

Net income	$619,160
Interest expense	109,260
Average total assets	6,020,000

Determine the return on total assets. If required, round the answer to one decimal place. fill in the blank 1 %

Answer rating: 100% (QA)

Absolutely lets solve these financial ratio problems for you a Earnings per Share EPS Net income 602000 Preferred dividends 34000 not relevant for EPS ... View the full answer