Calculate the following ratios for the attached. Gross profit percentage, debt to equity, rate of return on stockholders equity, earnings per share of common stock, and price/ earnings ratio

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1-q- 88,800 + 50000 261,200 2018 91250+40,0 362,750 Problems [25 marks] Show all workings Danifield Inc Comparative Income Statement December 31, 2012 and 2011 2012 2011 Net Sales $467,000.00 Cost of goods sold Gross Profit $ 428,000.00 $ 218,000.00 $ 210,000.00 $ 237,000.00 $ 230,000.00 $ 136,000.00 $ 94,000.00 Operating Expenses $ 134,000.00 Income from operations $ 76,000.00 $ 9,000.00 $ 10,000.00 $ 85,000.00 $ 66,000.00 Interest Expense Income before tax Income tax expense Net Income $ 24,000.00 $ 27,000.00 $ 61,000.00 $ 39,000.00 Danifield Inc Comparative Balance Sheet December 31, 2012 and 2011 2012 2011 2010 Current Assets Cash $ 97,000.00 $ 95,000.00 Receivables, net $ 112,000.00 $ 118,000.00 $102,000.00 Inventories Prepaid expenses $ 145,000.00 $ 163,000.00 $203,000.00 $ 12,000.00 $ 5,000.00 Total Current Assets $366,000.00 $ 381,000.00 Property, plant & equipment Total Assets $ 211,000.00 $ 179,000.00 $577,000.00 $ 560,000.00 $598,000.00 Total Current Liabilities $ 246,000.00 Long term liabilities $225,000.00 $ 114,000.00 $ 339,000.00 Total Liabilities $ 97,000.00 $343,000.00 $ 108,000.00 Preferred Stock, 3% $ 108,000.00 Common stockholder's equity, no par Total Liabilities & Equity $ 130,000.00 $577,000.00 $ 109,000.00 $ 85,000.00 $ 560,000.00 1. Market price of Danifield's common stock: $86.58 at December 31, 2012 and $46.54 at December 31, 2011 2. Common shares outstanding: 12, 0000 during 2012 and 10,000 during 2011 and 2010 3. All sales on credit 366,000/2 furnove for 2011 183,000 2011 inventory 200+ 163000 Alwaysnireverz 1-q- 88,800 + 50000 261,200 2018 91250+40,0 362,750 Problems [25 marks] Show all workings Danifield Inc Comparative Income Statement December 31, 2012 and 2011 2012 2011 Net Sales $467,000.00 Cost of goods sold Gross Profit $ 428,000.00 $ 218,000.00 $ 210,000.00 $ 237,000.00 $ 230,000.00 $ 136,000.00 $ 94,000.00 Operating Expenses $ 134,000.00 Income from operations $ 76,000.00 $ 9,000.00 $ 10,000.00 $ 85,000.00 $ 66,000.00 Interest Expense Income before tax Income tax expense Net Income $ 24,000.00 $ 27,000.00 $ 61,000.00 $ 39,000.00 Danifield Inc Comparative Balance Sheet December 31, 2012 and 2011 2012 2011 2010 Current Assets Cash $ 97,000.00 $ 95,000.00 Receivables, net $ 112,000.00 $ 118,000.00 $102,000.00 Inventories Prepaid expenses $ 145,000.00 $ 163,000.00 $203,000.00 $ 12,000.00 $ 5,000.00 Total Current Assets $366,000.00 $ 381,000.00 Property, plant & equipment Total Assets $ 211,000.00 $ 179,000.00 $577,000.00 $ 560,000.00 $598,000.00 Total Current Liabilities $ 246,000.00 Long term liabilities $225,000.00 $ 114,000.00 $ 339,000.00 Total Liabilities $ 97,000.00 $343,000.00 $ 108,000.00 Preferred Stock, 3% $ 108,000.00 Common stockholder's equity, no par Total Liabilities & Equity $ 130,000.00 $577,000.00 $ 109,000.00 $ 85,000.00 $ 560,000.00 1. Market price of Danifield's common stock: $86.58 at December 31, 2012 and $46.54 at December 31, 2011 2. Common shares outstanding: 12, 0000 during 2012 and 10,000 during 2011 and 2010 3. All sales on credit 366,000/2 furnove for 2011 183,000 2011 inventory 200+ 163000 Alwaysnireverz

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