2020 2019 Inventories Total Current Assets Total Assets Total Current Liabilities Total Liabilities Preferred Stock, 3% Net Sales Gross Profit Income from Operations Interest Expense Income before Income Tax Net Income Market Price of Common Stock No of outstanding Common Stock $ 114,000.00 $ 158,000.00 $ 364,000.00 $ 370,000.00 $ 581,000.00 $ 546,000.00 $ 227,000.00 $ 240,000.00 $ 344,000.00 $ 336,000.00 $ 92,000.00 $ 92,000.00 $ 460,000.00 $ 422,000.00 $ 221,000.00 $ 210,000.00 $ 83,000.00 $ 74.000.00 $ 13,000.00 $ $ 70,000.00 $ 58,000.00 $ 51,000.00 $ 37,000.00 16,000.00 59.36 $ 46.65 13,000.00 11,000.00 Required a. Compute following nine (9) ratios for both years. i. Acid Test ratio il. Current ratio i. Times-interest eamed ratio iv. Inventory turnover v. Gross profit percentage ix. Price/earnings ratio vi. Debt to equity ratio vil. Rate of return on common stockholder's equity vii.Earnings per share of common stock %24

2020 2019 Inventories Total Current Assets Total Assets Total Current Liabilities Total Liabilities Preferred Stock, 3% Net Sales Gross Profit Income from Operations Interest Expense Income before Income Tax Net Income Market Price of Common Stock No of outstanding Common Stock $ 114,000.00 $ 158,000.00 $ 364,000.00 $ 370,000.00 $ 581,000.00 $ 546,000.00 $ 227,000.00 $ 240,000.00 $ 344,000.00 $ 336,000.00 $ 92,000.00 $ 92,000.00 $ 460,000.00 $ 422,000.00 $ 221,000.00 $ 210,000.00 $ 83,000.00 $ 74.000.00 $ 13,000.00 $ $ 70,000.00 $ 58,000.00 $ 51,000.00 $ 37,000.00 16,000.00 59.36 $ 46.65 13,000.00 11,000.00 Required a. Compute following nine (9) ratios for both years. i. Acid Test ratio il. Current ratio i. Times-interest eamed ratio iv. Inventory turnover v. Gross profit percentage ix. Price/earnings ratio vi. Debt to equity ratio vil. Rate of return on common stockholder's equity vii.Earnings per share of common stock %24

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 103.4C

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