Compute the following ratios for 2013 and 2014 round all

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Reference no: EM13573389

Condensed balance sheet and income statement data for Jernigan Corporation are presented here.

JERNIGAN CORPORATION Balance Sheets December 31
	2014	2013	2012
Cash	$ 31,521	$ 21,521	$ 19,521
Accounts receivable (net)	51,521	46,521	49,521
Other current assets	95,804	100,804	69,804
Investments	60,804	75,804	50,804
Plant and equipment (net)	500,000	370,000	358,000
	$739,650	$614,650	$547,650
Current liabilities	$ 86,521	$ 81,521	$ 71,521
Long-term debt	150,804	90,804	55,804
Common stock, $10 par	325,804	315,804	305,804
Retained earnings	176,521	126,521	114,521
	$739,650	$614,650	$547,650

JERNIGAN CORPORATION Income Statements For the Years Ended December 31
	2014	2013
Sales revenue	$745,804	$605,804
Less: Sales returns and allowances	41,521	31,521
Net sales	704,283	574,283
Cost of goods sold	430,804	355,804
Gross profit	273,479	218,479
Operating expenses (including income taxes)	181,521	151,521
Net income	$ 91,958	$ 66,958

Additional information:

1.		The market price of Jernigan's common stock was $8.53, $10.90, and $7.09 for 2012, 2013, and 2014, respectively.
2.		You must compute dividends paid. All dividends were paid in cash.

(a) Compute the following ratios for 2013 and 2014. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.)

	2014		2013
Profit margin.		%		%
Gross profit rate.		%		%
Asset turnover.		times		times
Earnings per share.	$		$
Price-earnings ratio.		times		times
Payout ratio.		%		%
Debt to assets ratio.		%		%

Reference no: EM13573389

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