Question: Please help with the below (image is attached below) Problem 14-3A Condensed balance sheet and income statement data for Landwehr Corporation appear below. LAN DW

Please help with the below (image is attached below)

Problem 14-3A Condensed balance sheet and income statement data for Landwehr Corporation appear below. LAN DW EH R CO RPO RAHCI N Balance Sheets December 31 2018 201? 2016 Cash 3; 25,000 $ 1?,100 $ 18,800 Accounts receivable [net] 50,900 45,200 48,?00 Other current assets 89,400 94,?00 64,500 Investments 24,100 70,400 45,500 Plant and equipment (net) 399,100 369,100 352,300 $638,500 $596,500 $534,800 Current liabilities $24,300 $80,000 $69,600 Longterm debt 80,600 85,600 49,000 Common stock, $10 par 380,000 316,000 312,000 Retained earnings 103,600 114,900 104,200 $530,500 $595,500 $534,000 LAN DW EH R CO RPO RATIO N Income Statement For the Years End ed December 31 2018 201? Sales revenue $238,000 $205,600 Less: Sales returns and allowances 39,200 50,?00 Net sales 698,800 654,900 Cost of goods sold 420,000 395,500 Gross prot 228,800 259,400 Operating expenses (including income taxes) 215,000 221,000 Net income 35 63,800 $ 38,400 Additional information: 1. We market price of Landwehr's common stock I.vas $3.00, $5.00, and $9.00 for 2016, 201?, and 2018, respectively. 2. All dividends were paid in cash. 0!) Compute the following ratios for 201? and 2018. (Round Earnings per share to 2 decimalI places, e.y. 1.65, and all other answers to 1 decimal place, 6.9. 6.8 or 6.8%.) (1)Prot margin (2)Asset turnover (3)Earnings per share {Weightedaverage common shares in 2018 were 32,400 and in 2017 were 32,300) (4)Price-earnings ratio (5)Pavout ratio (6)Debt to assets ratio 201]r 2018 times times
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
