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financial analsis




Question;Fianacial analysisProblem 17-1A Ratios, common-size statements, and trend percents L.O. P1, P2, P3[The following information applies to the questions displayed below.]Selected comparative financial statements of Bennington Company follow:BENNINGTON COMPANYComparative Income StatementsFor Years Ended December 31, 2012, 2011, and 2010201220112010 Sales$457,083$350,163$243,000 Cost of goods sold275,164219,202155,520 Gross profit181,919130,96187,480 Selling expenses64,90648,32232,076 Administrative expenses41,13730,81420,169 Total expenses106,04379,13652,245 Income before taxes75,87651,82535,235 Income taxes14,11310,6247,153 Net income$61,763$41,201$28,082BENNINGTON COMPANYComparative Balance SheetsDecember 31, 2012, 2011, and 2010201220112010 Assets Current assets$47,321$37,023$49,491 Long-term investments01,2003,960 Plant assets, net85,23190,49053,188 Total assets$132,552$128,713$106,639 Liabilities and Equity Current liabilities$19,353$19,178$18,662 Common stock71,00071,00053,000 Other paid-in capital8,8758,8755,889 Retained earnings33,32429,66029,088 Total liabilities and equity$132,552$128,713$106,639references 1.value:1.00 pointsProblem 17-1A Part 1Required:1.Compute each year's current ratio. (Round your answers to 1 decimal place.) Current ratioDecember 31, 2012:to Current ratioDecember 31, 2011:to Current ratioDecember 31, 2010:to eBook Links (3)references 2.value:1.00 pointsProblem 17-1A Part 22.Express the income statement data in common-size percents. (Percents are rounded to two decimals and thus may not exactly sum to totals and subtotals. Round your answers to 2 decimal places. Omit the "%" sign in your response.) BENNINGTON COMPANYCommon-Size Comparative Income StatementsFor Years Ended December 31, 2012, 2011, and 2010201220112010 Sales % % % Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income % % % eBook Links (3)references 3.value:1.00 pointsProblem 17-1A Part 33.Express the balance sheet data in trend percents with 2010 as the base year. (Round your answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Omit the "%" sign in your response.) BENNINGTON COMPANYBalance Sheet Data in Trend PercentsDecember 31, 2012, 2011, and 2010201220112010 Assets Current assets % % % Long-term investments Plant assets Total assets Liabilities and Equity Current liabilities % % % Common stock Other contributed capital Retained earnings Total liabilities and equity eBook Links (3)referencesProblem 17-4A Calculation of financial statement ratios L.O. P3Selected year-end financial statements of McCord Corporation follow. (All sales were on credit, selected balance sheet amounts at December 31, 2010, were inventory, $53,900, total assets, $229,400, common stock, $95,000, and retained earnings, $52,348.)McCORD CORPORATIONIncome StatementFor Year Ended December 31, 2011 Sales$450,600 Cost of goods sold297,450 Gross profit153,150 Operating expenses99,500 Interest expense3,900 Income before taxes49,750 Income taxes20,041 Net income$29,709 McCORD CORPORATIONBalance SheetDecember 31, 2011 Assets Liabilities and Equity Cash$16,000 Accounts payable$16,500 Short-term investments8,800 Accrued wages payable4,800 Accounts receivable, net31,400 Income taxes payable3,300 Notes receivable (trade)*4,000 Long-term note payable, secured Merchandise inventory32,150 by mortgage on plant assets65,400 Prepaid expenses3,050 Common stock95,000 Plant assets, net153,300 Retained earnings63,700 Total assets$248,700 Total liabilities and equity$248,700 * These are short-term notes receivable arising from customer (trade) sales.Required:Compute the following. (Use 365 days a year. Do not round intermediate calculations and round your final answers to 1 decimal place. Omit the "%" sign in your response):(1) Current ratio to(2) Acid-test ratio to(3) Days' sales uncollected (including note) days(4) Inventory turnover times(5) Days' sales in inventory days(6) Debt-to-equity ratio to(7) Times interest earned times(8) Profit margin ratio %(9) Total asset turnovertimes(10) Return on total assets %(11) Return on common stockholders' equity %


Paper#38268 | Written in 18-Jul-2015

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