' chrome File Edit View History Bookmarks Profiles Tab Window Help G) g '2: Q 8 O SunJun4 7:51PM r '1 . . II YouTube x I II YouTube x m Question 1 - Chapter 9 Conr x u Course Here x I + v (- C i ezto.mheducation.com/ext/map/index.html?_con=con&externa|_browser:0&launchUrl:https%253A%252F%252F|earn.dcollege.net%252Fwebapps%252.., Q d) 3'} I] a Chapter 9 0 Saved Help Save 0. Exit Submit w 1 The following financial statements apply to Stuart Company: Yea: I Year 1 Revenues 5 220,000 5 100,500 5 Expenses poms Cost of goods sold 125,000 102,300 Selling expenses 21,000 10,000 / \\ General and administrative expenses 9,000 0,000 \\8 Momal Interest expense 1,200 1,200 7' Income tax expense 20,400 15,200 Skipped Total expenses 170,400 Net: income 5 42,400 Assets Current assets a Cash 3 5,100 5 7,100 gawk Marketable securities 2,200 2,200 Accounts receivable 35,000 30,500 Inventories 101,200 05,500 Prepaid expenses 4,000 3,000 Total current assets 140,300 130,100 plant and equipment (net) 105,700 105,700 Intangibles 21,000 0 Total assets 5 275,000 $ 244,000 WWW\" Liabilities and Stockholders' Equity Liabilities eurrent liabilities Accounts payable 5 30,200 5 35,200 other 15,300 16,400 Total current liabilities 53,500 51,500 Bonds payable 54,200 55,200 Total liabilities 117,700 115,000 Stockholders' equity Column stock (40,000 shares) 114,000 114,000 Retained earnings 44,100 14,000 Total stockholders' equity 150,100 120,000 Total liabilities and stockholders' equity s 275,000 3 244,000 Required Calculate the following ratios for Year 1 and Year 2. Since opening balance numbers are not presented do not use averages when calculating the ratios for Year 1. Instead. use the number presented on the Year 1 balance sheet. a Net margin. (Round your answers to 2 decimal places.) b. Return on investment. (Round your answers to 2 decimal places.) 3 @. :5 \f