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Condensed balance sheet and income statement data for Sievert Corporation are presented here and on the next page.
SIEVERT CORPORATION Balance Sheets December 31
Assets
2012
2011
Cash
$28000
$20000
Receivables (net)
70000
62000
Other current assets
90000
73000
Long-term investments
60000
Plant and equipment (net)
510000
470000
Total assets
$760000
$685000
Liabilities and Stockholders" Equity
Current liabilities
75000
Long-term debt
80000
Common stock
330000
300000
Retained earnings
275000
225000
Total liabilities and stockholders" equity
760000
685000
SIEVERT CORPORATION Income Statements For the Years Ended December 31
Sales
$750000
$680000
Cost of goods sold
440000
400000
Operating expenses (including income taxes)
240000
220000
Net income
$70000
$60000
Additional information:
Cash from operating activities
$82000
$56000
Cash used for capital expenditures
$45000
$38000
Dividends paid
$15000
Average number of shares outstanding
33000
30000
Instructions
Compute these values and ratios for 2011 and 2012.
(a) Earnings per share.
(b) Working capital.
(c) Current ratio.
(d) Debt to total assets ratio.
(e) Free cash flow.
(f) Based on the ratios calculated, discuss briefly the improvement or lack thereof in financial position and operating results from 2011 to 2012 of Sievert Corporation.
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