Question: Can you please show your work. Thank you Using the following information find the ratios listed: Hamilton Company Comparative Balance Sheets December 31, 2018 and

Can you please show your work. Thank you

Using the following information find the ratios listed:

Hamilton Company
Comparative Balance Sheets
December 31, 2018 and December 31, 2019
Assets 2018 2019 Difference
Cash 15,000 47,000 32,000
Accounts Receivable 55,000 47,000 (8,000)
Inventory 110,000 144,000 34,000
Prepaid Expenses 5,000 1,000 (4,000)
Long term investments 127,000 115,000 (12,000)
Land 55,000 55,000 -
Building 450,000 660,000 210,000
Accumulated Depr - Building (68,000) (103,000) (35,000)
Total Assets 749,000 966,000 217,000
Liabilities & Stockholder's Equity
Accounts Payable 43,000 50,000 7,000
Income Tax Payable 5,000 3,000 (2,000)
Accrued Liabilities 9,000 12,000 3,000
Bonds Payable 245,000 295,000 50,000
Common Stock $5 par value 200,000 276,000 76,000
Additional paid in capital 115,000 214,000 99,000
Retained Earnings 132,000 116,000 (16,000)
Total Liabilities & S/E 749,000 966,000 217,000
Sales 225,000
Cost of Goods Sold 120,000
Gross Profit 105,000
Operating Expense 70,000
Income before interest 35,000
Interest 12,000
Income before Taxes 23,000
Taxes 7,000
Net Income 16,000
Dividends Paid $13,800
Market price of stock $12
Find the following ratios for 2015:
1. Current Ratio
2. Quick Ratio
3. Accounts Receivable Turnover
4. Days to Collect
5. Inventory Turnover
6. Days on hand
7. Payable Turnover
8. Days to pay
9. Debt to Equity Ratio
10. Number of times interest Earned
11. Profit Margin
12. Assets Turnover
13. Return on Assets
14. Return on Equity
15. Earnings per Share
16. Price/Earnings Ratio
17. Dividend Yield

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!