Reference no: EM13579226
Balance Sheet at the end of the current year are as follows
Assets
Cash $100,000
Marketable Securities 50,000
Accounts Receivable 150,000
Merchandise Inventory 100,000
Prepaid expenses 20,000
Fixed Assets 600,000
Liabilities and Stockholders' Equity
Accounts Payable $100,000
Note payable (short-term, non-interest-bearing) 20,000
Accrued liabilities 30,000
Bonds payable, 11%, due in 2012 200,000
Common stock, $10 par 300,000
Paid-in capital in excess of par-common stock 30,000
Retained earnings 140,000
Selected data related to the 12 months of the current year indicate the following
Average accounts receivable $150,000
Average merchandise inventory 105,000
Average stockholders' equity 500,000
Average total assets 900,000
Cash dividends paid on common stock 55,000
Cost of goods sold 1,000,000
Income before income tax 165,000
Interest expense 25,000
Net Income 140,000
Net sales (on account) 1,500,000
The common stock was selling for $65 per share at the end of the current year
Instructions: Compute the analytical measures listed below, round to one decimal point.
- Quick ratio?
- Current ratio?
- Inventory turnover?
- Accounts receivable turnover?
- Rate earned on total assets?
- Rate earned on stockholders equity?
- Number of times interest charges earned?
- Earnings per share on common stock?
- Price-earnings ratio on common stock?
- Dividend yield on common stock?