Financial statements for the ACTACTSTAT Company are given below:

During 2021 the firm declared and paid cash dividends of P85,000. There were 50,000 shares of common stock outstanding throughout the year. The market price of the stock at year end was P20. All sales and purchases are on credit.

A. The quick ratio in 2021 is _____ : 1.

B.  The return on equity of ACTACTSTAT Company is ________ %.

C.  The price earnings ration of ACTACTSTAT Company is __________.

D.  The dividend yield of ACTACTSTAT is ____________%.

 

ACTACTSTAT COMPANY BALANCE SHEETS AS OF DECEMBER 31 ASSETS Cash Accounts receivable Inventory Total current assets Plant and equipment Accumulated depreciation TOTAL ASSETS LIABILITIES AND EQUITY Accounts Payable Accrued Expenses Total current liabilities Long-term debt TOTAL LIABILITIES Common stock, no par value Retained Earnings TOTAL LIABILITIES & EQUITY 2021 45,000 212,500 155,000 412,500 1,885,000 480,000 1,817,500 55,000 112,500 167,500 250,000 417,500 1,000,000 400,000 1,817,500 2020 50,000 207,500 140,000 397,500 1,662,500 375,000 1,685,000 47,500 110,000 157,500 237,500 395,000 1,000,000 290,000 1,685,000 ACTACTSTAT COMPANY INCOME STATEMENT for 2021 Sales Cost of Goods Sold Gross Profit Depreciation Other operating expenses Income before interest and taxes Interest expense Income before taxes Income taxes at 35% rate Net Income 105,000 526,058 2,162,500 1,206,250 956,250 631,058 325,192 17,500 307,692 107,692 200,000 ACTACTSTAT COMPANY BALANCE SHEETS AS OF DECEMBER 31 ASSETS Cash Accounts receivable Inventory Total current assets Plant and equipment Accumulated depreciation TOTAL ASSETS LIABILITIES AND EQUITY Accounts Payable Accrued Expenses Total current liabilities Long-term debt TOTAL LIABILITIES Common stock, no par value Retained Earnings TOTAL LIABILITIES & EQUITY 2021 45,000 212,500 155,000 412,500 1,885,000 480,000 1,817,500 55,000 112,500 167,500 250,000 417,500 1,000,000 400,000 1,817,500 2020 50,000 207,500 140,000 397,500 1,662,500 375,000 1,685,000 47,500 110,000 157,500 237,500 395,000 1,000,000 290,000 1,685,000 ACTACTSTAT COMPANY INCOME STATEMENT for 2021 Sales Cost of Goods Sold Gross Profit Depreciation Other operating expenses Income before interest and taxes Interest expense Income before taxes Income taxes at 35% rate Net Income 105,000 526,058 2,162,500 1,206,250 956,250 631,058 325,192 17,500 307,692 107,692 200,000