Question: I really appreciate any help! Please answer in table format. Thanks! The financial statements for Armstrong and Blair companies are summarized here: Armstrong Company Blair



I really appreciate any help! Please answer in table format. Thanks!
The financial statements for Armstrong and Blair companies are summarized here: Armstrong Company Blair Company Balance Sheet Cash $ 35,000 $ 22.000 accounts Receivable, ut 40,000 39,000 Inventory 300.000 . Equipment, ut 100,000 300,000 Other Assets 8,000 Total Assets Current Liabilities $100,000 550.000 Notes Payable long tere) 60,000 Total Liabilities 300,000 120,000 Common Stock (or $10) 150,00 Additional Pald-in Capital 30,000 110,000 Retained Earnings . 20.00 Total Liabilities and stockholders Equity Income Statement Sales Revenge $450,000 * 810,000 Cost of Goods sold 345,000 other Expenses 100,00 315, ut Income other Data Estimated value of each share at end of year Selected data from previous Year Accounts Receivable, et $ 20,000 $ 3.000 Inventory 99,000 Equipment, et 380,000 200.000 notes Payable (long-tera) 60,000 70,000 Total stockholders' Equity 0.00 The companies are in the same line of business and are direct competitors in a large metropolitan ares. Both have been in business approximately 10 years and each has had steady growth. Despite these similarities, the management of each has a different viewpoint in many respects. Birls more conservative and os its president said. "We avoid what we consider to be undue risk Both companies use straight line depreciation, but Blair estimates slightly shorter useful lives than Armstrong. No shares were issued in the current year and neither company is publicly held. Blair Company has an annual audit by a CPA. but Armstrong Company does not. Assume the end of year total assets and net equipment balances approximate the year's overage and all soles are on account Required: 1. Calculate the following recios. TIP: To calculate EPS use the balance in Common Stock to determine the number of shares outstanding Common Stock equals the per value per share times the number of shares. (Use 365 days in a year. Do not round intermediate calculations and round your final answers to 2 decimal places) Ratio Armstrong Company Company 1. Net Profit orgin 2. Gross Pro Percentage 3. Fred Asset Tumove 4. Remontu S.Earnings per Share 6. Promings Radio 7. Recebe umover 7 Days to Colec 8. Inventory Turnover 8. Days to Sell 9. Current Rate Tests of Solvency 10. Det
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