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"Shown below are selected data from the balance sh...

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"Shown below are selected data from the balance sheet of Certain Value Hardware, a small retail store (dollar amounts are in thousands): Cash $ 40 Accounts receivable 200 Inventory 390 Total assets 900 Current liabilities 300 Non-current liabilities 240 From this information, compute the (a) acid test ratio (b) the current ratio (c) the working capital (in thousands) Shown below are selected data from the financial statements of Beck Intelligent Systems (dollar amounts are in millions, except for the per-share data). Income statement data: Net sales $4,000 Cost of goods sold 1,800 Operating expenses 1,400 Net income 600 Balance sheet data: Average total equity 3,000 Average total assets 5,000 Per share data (these amounts stated in actual dollars, not millions): Beck Intelligent Systems reported earnings per share for the year of $2 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Beck Intelligent Systems? capital stock as trading at $100 per share. From this information, compute the: (d) Gross margin ratio (e) Return on total assets (f) Return on equity (g) Price/earnings ratio at year end Given below are comparative balance sheets and an income statement for Ringer Corporation Ringer Corporation Balance Sheets - 2011 Dec. 31 Jan. 1 Ringer Corporation Income Statement for 2011 Cash $ 15,000 $ 14,000 Sales $205,000 Accounts receivable 45,000 37,000 Cost of goods sold (117,250) Inventory 32,000 35,000 Gross profit on sales $ 87,750 Equipment (net) 55,000 65,000 Operating expenses (57,950) $147,000 $151,000 Operating income $ 29,800 Accounts payable 25,000 28,000 Interest expense and income taxes (6,225) Dividends payable 8,000 4,000 Net income $ 23,575 Long-term note payable 14,000 14,000 Capital stock, $5 par 70,000 70,000 Retained earnings 30,000 35,000 $147,000 $151,000 All sales were made on account. Cash dividends declared during the year totaled $28,575. From this information, compute the: (h) Accounts receivable turnover (i) Inventory turnover (j) Debt ratio rounded to the nearest percent (k) Earnings per share (l) Return on common stockholders? equity,Thanks

 

Paper#9635 | Written in 18-Jul-2015

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