The following financial statements apply to Franklin Company: FRANKLIN COMPANY Income Statements for the Years Ending December
Fantastic news! We've Found the answer you've been seeking!
Question:
The following financial statements apply to Franklin Company:
FRANKLIN COMPANY
Income Statements for the Years Ending December
Year Year
Revenues $ $
Expenses
Cost of goods sold
Selling expenses
General and administrative expenses
Interest expense
Income tax expense
Total expenses
Net income $ $
FRANKLIN COMPANY
Balance Sheets As of December
Year Year
Assets
Current assets
Cash $ $
Marketable securities
Accounts receivable
Inventories
Prepaid expenses
Total current assets
Plant and equipment net
Intangibles
Total assets $ $
Liabilities and Stockholders Equity
Liabilities
Current liabilities
Accounts payable $ $
Other
Total current liabilities
Bonds payable
Total liabilities
Stockholders equity
Common stock shares
Retained earnings
Total stockholders equity
Total liabilities and stockholders equity $ $
Required
Calculate the following ratios for Year and Year Since opening balance numbers are not presented do not use averages when calculating the ratios for Year Instead, use the number presented on the Year balance sheet.
Note: Round ratio answers to decimal places unless otherwise indicated.
Net margin.
Return on investment.
Return on equity.
Earnings per share.
Priceearnings ratio market prices at the end of Year and Year were $ and $ respectively
Note: Round your intermediate calculations and final answers to decimal places.
Book value per share of common stock.
Times interest earned.
Working capital.
Current ratio.
Quick acidtest ratio.
Accounts receivable turnover.
Inventory turnover.
Debttoequity ratio.
Debttoassets ratio.
Note: Round your answers to the nearest whole percent.
Related Book For
Fundamental Managerial Accounting Concepts
ISBN: 978-1259569197
8th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
Posted Date: