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Condensed balance sheet and income statement data for Sievert Corporation




Question;Condensed;balance sheet and income statement data for Sievert Corporation are presented;here and on the next page.SIEVERT CORPORATION Balance SheetsDecember 31;Assets (2012 year) 2011;Cash $ 28,000 $;20,000;Receivables (net);70,000 62,000;Other current assets;90,000 73,000;Long-term investments 62,000 60,000;Plant and equipment (net) 510,000;470,000;Total assets $760,000 $685,000;Liabilities;and Stockholders? Equity;Current liabilities $75,000 $70,000;Long-term debt 80,000 90,000;Common stock;330,000 300,000Retained earnings 275,000 225,000;Total liabilities and;stockholders? equity $760,000 $685,000 SIEVERT;CORPORATION;Income Statements;For;the Years Ended December 31 2012 2011;Sales $750,000;$680,000;Cost of goods sold 440,000 400,000;Operating expenses;(including income taxes) 240,000;220,000Net income $70,000 $ 60,000;Additional information;Cash from operating activities $82,000;$56,000;Cash used for capital expenditures $45,000 $38,000;Dividends paid;$20,000 $15,000;Average number of shares outstanding 33,000 30,000;Calculate - A. Earnings per share;B. Working capital.="#000000">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.


Paper#45233 | Written in 18-Jul-2015

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