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

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 Cash Receivables, net Inventories Prepaids Plants assets Accumulated depreciation Total assets Accounts payable Income tax payable Accrued payables Current maturity of long-term debt Bonds payable Preferred stock $100 pm Common stock, $1 par PIC common Retained earnings Treasury stock Total liabilities and OE Jan 1 Dec. 31 $ 100 $ 150 300 320 600 660 200 270 2000 2.400 (800) (1,000) $2,400 $2,800 $ 120 $ 160 80 70 90 210 300 300 500 400 100 100 200 250 300 350 810 1,080 (100) (120) $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 Computation Times interest earned ratio Profit margin on sales Return on total assets DDDD Return on equity Dividend payout ratio

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