Need help filling in the blank area's a. Working capital.b. Current ratio. (Round your answers to 2 decimal places.)c. Quick ratio. (Round your answers to 2 decimal places.)d. Receivables turnover (beginning receivables at January 1, 2018, were $41,000). (Round your answers to 2 decimal places.)e. Average days to collect accounts receivable. (Round your intermediate calculations to 2 decimal places and your final answers tothe nearest whole number.)f. Inventory turnover (beginning inventory at January 1, 2018, was $147,000). (Round your answers to 2 decimal places.)g. Number of days to sell inventory. (Round your intermediate calculations to 2 decimal places and your final answers to thenearest whole number.)h. Debt to assets ratio. (Round your answers to the nearest whole percent.)i. Debt to equity ratio. (Round your answers to 2 decimal places.)j. Number of times interest was earned. (Round your answers to 2 decimal places.)k. Plant assets to long-term debt. (Round your answers to 2 decimal places.)I. Net margin. (Round your answers to 2 decimal places.)m. Turnover of assets. (Round your answers to 2 decimal places.)n. Return on investment. (Round your answers to 2 decimal places.)o. Return on equity. (Round your answers to 2 decimal places.)p. Earnings per share. (Round your answers to 2 decimal places.)q. Book value per share of common stock. (Round your answers to 2 decimal places.)r. Price-earnings ratio (market price per share: 2018, $12.10; 2019, $13.20). (Round your intermediate calculations and final answer to2 decimal places.)s. Dividend yield on common stock. (Round your answers to 2 decimal places.)20192018a. Working capital$61,20061,000b. Current ratio1.331.40c. Quick ratiod. Receivables turnovertimestimese. Average days to collect accounts receivabledaysdaysf. Inventory turnoverg. Average days to sell inventorytimestimesdaysdaysh. Debt to assets ratio%I.Debt to equity ratioi. Number of times interest earned9.64 times11.33 timesk. Plant assets to long-term debtI. Net margin9.77 %13.96 %m. Asset turnover0.53n. Return on investment%%o. Return on equity%16.09 %p. Earnings per share2.58 per share3.56 per shareq. Book value per share19.52 per share17.30 per sharer. Price-earnings ratio5.123.40s. Dividend yield2.73 %2.98 % FRANKLIN CUMPANYBalance SheetsAs of December 3120192018AssetsCurrent assetsCashMarketable securitiesAccounts receivable (net)InventoriesPrepaid itemsTotal current assets$ 19,50020,70048,000133,00027,000248, 20022,000290,00033,000$593, 200$ 15,5006,70040,000141,00012,000215,20015,000275,00028,000$533,200InvestmentsPlant (net)LandTotal assetsLiabilities and Stockholders' EquityLiabilitiesCurrent liabilitiesNotes payableAccounts payableSalaries payable$ 31,200133,80022,000$ 18, 200120,00016,000Total current liabilities187,000154,200Noncurrent liabilitBonds payableOther110,00031,000141,000110,00026,000136,000Total noncurrent liabilitiesTotal liabilities328,000290, 200Stockholders' equityPreferred stock, (par value $10, 5% cumulative, non-participating; 7,000 sharesauthorized and issued)Common stock (no par; 50,000 shares authorized; 10,000 shares issued)Retained earningsTotal stockholders' equity70,00070,000125, 200265, 20070,00070,000103,000243,000Total liabilities and stockholders' equity$593, 200$533,200FRANKLIN COMPANYStatements of Income and Retained EarningsFor the Years Ended December 3120192018RevenuesSales (net)$300,0009,400309,400$280,0006,400286,400Other revenuesTotal revenuesExpensesCost of goods soldSelling, general, and administrativeInterest expense124,00057,0009,30057,000247, 30039,10071,0003,5003,600$103,000150,00062,00010,10058,000Income tax expenseTotal expenses280, 10029,300103,0003,5003,600$125, 200Net earnings (net income)Retained earnings, January 1Less: Preferred stock dividendsCommon stock dividendsRetained earnings, December 31

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Answered: a. Working capital. b. Current ratio.…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.1.2MBA

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l-Itihad Corporation Balance SheetDecember 31, 2019AssetsLiability & EquityCurrent AssetsCurrent LiabilityCash$5,000Accounts payable22,000Short term securities10,000Accrual Account8,000Account Receivables30,000Short term debt6,000Inventory32,000Total Current Liability36,000Long-term debt40,000Total Current Assets77,000TotalLiability76,000Long term AssetsEquityNet Property & equipment70,000CommonStocks64,000Retained earnings17,000Total Equity81,000Total Liability and Equity157,000Other assts 10000Total Assets157,000Sur Corporation Income StatementDecember 31, 2019Other Financial information of Sur corporation December 31, 2019Net sales (revenue)$150,000· Average Number of Common shares outstanding 16,000 Shares· Market price of Common share $3.5Cost of goods sold80,000Gross profit70,000Operating expenses30,000EBIT- (Operating profit)40,000Interest expense10,000EBT- ( Earnings before taxes)30,000Income tax 10,000Net Income (net profit)20,000You have to find the following ratios…
Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (a)Current ratioenter the ratio rounded to 2 decimal places (b)Acid-test ratioenter the ratio rounded to 2 decimal places…
Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) Inventory turnoverenter the number rounded to 2 decimal places Days in inventoryenter the number of days rounded to 0 decimal…
Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83)
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Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) Asset turnoverenter the number rounded to 2 decimal places (g)Return on assetsenter percentages rounded to 0 decimal places…
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a. Working capital. b. Current ratio. (Round your answers to 2 decimal places.) c. Quick ratio. (Round your answers to 2 decimal places.)