Question: Using the information below, compute the following amounts and ratios for the Quant Corporation for the current year. Assume that (1) the only effects on
Using the information below, compute the following amounts and ratios for the Quant Corporation for the current year. Assume that (1) the only effects on retained earnings are net income and cash dividends for the year, and (2) only common stock dividends were declared (none for preferred stock). Enter your amounts in the second column rounded to two decimal places, and include the preceding "0" before the decimal point (e.g. 1.00 and 0.10). Current year financial statement information for the Quant Corporation: Balance Sheet Jan. 1 Dec. 31 Cash $ 100 $ 150 Receivables, net 300 320 Inventories 600 660 Prepaids 200 270 Plants assets 2,000 2,400 Accumulated depreciation (800) (1,000) Total assets $2,400 $2,800 Accounts payable $ 120 $ 160 Income tax payable 80 70 Accrued payables 90 210 Current maturity of long-term debt 300 300 Bonds payable 500 400 Preferred stock, $100 par 100 100 Common stock, $1 par 200 250 PIC-common 300 350 Retained earnings 810 1,080 Treasury stock (100) (120) Total liabilities and OE $2,400 $2,800 Income Statement Sales $3,800 Cost of goods sold (1,700) Gross margin 2,100 Operating expenses (1,400) Interest expense (100) Income before tax 600 Income tax expense (180) Net income $ 420
Ratio or amount:
Times interest earned ratio
Profit margin on sales
Return on total assets
Return on equity
Dividend payout ratio.
Please help me with the ratios!!!
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