Begin by selecting the formula to compute the earnings per share of common stock. Earnings per...

 

  
 
 

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Begin by selecting the formula to compute the earnings per share of common stock. Earnings per share =Market price per share of common stock + Earnings per share Now, compute the earnings per share for 2024 and 2023. (Round your answers to the nearest cent, $X.XX.) Earnings per share of common stock 2024 2023 Tanfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax Income Tax Expense Net Income $ 464,000 $ 423,000 239,000 215,000 $ 225,000 208,000 133,000 131,000 92,000 13,000 79,000 24,000 55,000 $ 77,000 15,000 62,000 26,000 36,000 Assets Current Assets: Cash Accounts Receivables, Net Merchandise Inventory Tanfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net Total Assets Total Current Liabilities Long-term Liabilities Total Liabilities . Liabilities Stockholders' Equity Preferred Stock, 3% Common Stockholders' Equity, no par Total Liabilities and Stockholders' Equity Selected 2022 amounts $ $ 98,000 $ 113,000 145,000 14,000 370,000 212,000 582,000 $ 225,000 $ 118,000 343,000 102,000 137,000 582,000 $ 2023 96,000 114,000 $ 102,000 159,000 210,000 7,000 376,000 182,000 558,000 245,000 97,000 342,000 2022 102,000 114,000 558,000 $601,000 86,000 Requirement 11. Compute the price/earnings ratio for 2024 and 2023. Begin by selecting the formula to compute the price/earnings ratio Price/eamings ratio Now, compute the price/earnings ratio for 2024 and 2023. (Round your interim calculations and final answers to two decimal places, X.XX.) 2024 2023 Pricelearnings ratio Now, compute the price/earnings ratio for 2024 and 2023. (Round your interim calculations and final answers to two decimal places, X.XX.) Price/earnings ratio 2024 2023 Requirement 2. Decide (a) whether Tanfield's ability to pay debts and to sell inventory improved or deteriorated during 2024 and (b) whether the investment attractiveness of its common stock appears to have increased or decrealed. (a) Did Tanfield's ability to pay its debts and to sell inventory improve or deteriorate during 20247 (b) Did the investment attractiveness of Tanfield's common stock appear to have increased or decreased? Requirements 1. Compute the following ratios for 2024 and 2023: a. Current ratio b. Cash ratio c. Times-interest-earned ratio d. Inventory turnover e. Gross profit percentage f. Debt to equity ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock i. Price/earnings ratio 2. Decide (a) whether Tanfield's ability to pay debts and to sell inventory improved or deteriorated during 2024 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. I Begin by selecting the formula to compute the earnings per share of common stock. Earnings per share =Market price per share of common stock + Earnings per share Now, compute the earnings per share for 2024 and 2023. (Round your answers to the nearest cent, $X.XX.) Earnings per share of common stock 2024 2023 Tanfield, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023 2024 2023 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Income From Operations Interest Expense Income Before Income Tax Income Tax Expense Net Income $ 464,000 $ 423,000 239,000 215,000 $ 225,000 208,000 133,000 131,000 92,000 13,000 79,000 24,000 55,000 $ 77,000 15,000 62,000 26,000 36,000 Assets Current Assets: Cash Accounts Receivables, Net Merchandise Inventory Tanfield, Inc. Comparative Balance Sheet December 31, 2024 and 2023 2024 Prepaid Expenses Total Current Assets Property, Plant, and Equipment, Net Total Assets Total Current Liabilities Long-term Liabilities Total Liabilities . Liabilities Stockholders' Equity Preferred Stock, 3% Common Stockholders' Equity, no par Total Liabilities and Stockholders' Equity Selected 2022 amounts $ $ 98,000 $ 113,000 145,000 14,000 370,000 212,000 582,000 $ 225,000 $ 118,000 343,000 102,000 137,000 582,000 $ 2023 96,000 114,000 $ 102,000 159,000 210,000 7,000 376,000 182,000 558,000 245,000 97,000 342,000 2022 102,000 114,000 558,000 $601,000 86,000 Requirement 11. Compute the price/earnings ratio for 2024 and 2023. Begin by selecting the formula to compute the price/earnings ratio Price/eamings ratio Now, compute the price/earnings ratio for 2024 and 2023. (Round your interim calculations and final answers to two decimal places, X.XX.) 2024 2023 Pricelearnings ratio Now, compute the price/earnings ratio for 2024 and 2023. (Round your interim calculations and final answers to two decimal places, X.XX.) Price/earnings ratio 2024 2023 Requirement 2. Decide (a) whether Tanfield's ability to pay debts and to sell inventory improved or deteriorated during 2024 and (b) whether the investment attractiveness of its common stock appears to have increased or decrealed. (a) Did Tanfield's ability to pay its debts and to sell inventory improve or deteriorate during 20247 (b) Did the investment attractiveness of Tanfield's common stock appear to have increased or decreased? Requirements 1. Compute the following ratios for 2024 and 2023: a. Current ratio b. Cash ratio c. Times-interest-earned ratio d. Inventory turnover e. Gross profit percentage f. Debt to equity ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock i. Price/earnings ratio 2. Decide (a) whether Tanfield's ability to pay debts and to sell inventory improved or deteriorated during 2024 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. I

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Tanfield Inc Comparative Ratio Analysis Years Ended December 31 2024 and 2023 1 Ratios a Current rat... View the full answer