10. Times interest earned er 12. Return on total assets odiolders cquily 14. Return on common stockholders' equity ock 17. Dividends per share of common stock 18. Dividend yield Stargel Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Sales .. Cost of goods sold.. Gross profit .. Selling expenses Administrative expenses. Total operating expenses Income from operations. Other income. $10,000,000 $9,400,000 4,950,000 $4450,000 $1,880,000 5,350,000 $ 4,650,000 $ 2,000,000 1,500,000 $ 3,500,000 $ 1,150,000 150,000 $ 1,300,000 170,000 $ 1,130,000 1,410,000 $3,290,000 $1,160,000 140,000 $1,300,000 Other expense (interest)... Income before income tax Income tax expense. Net income.... 150,000 $1,150,000 225,000 $ 925,000 230,000 $ 900,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Υ1 Assets Current assets: Cash $ 500,000 $ 400,000 Marketable securities... 1,010,000 1,000,000 Accounts receivable (net). 740,000 510,000 Inventories. 1,190,000 950,000 Prepaid expenses Total current assets.. Long-term investments.. Property, plant, and equipment (net) Total assets.. 250,000 229.000 $3,089,000 $3,690,000 2,350,000 2,300,000 3,740,000 $9,780,000 3.366,000 $8,755,000 Liabilities Current liabilities... Long-term liabilities: Mortgage note payable, 10%... Bonds payable, 10 %.... Total long-term liabilities . Total liabilities. $ 900,000 $ 880,000 $ 200,000 1,500,000 $1,700,000 $2.600,000 1,500,000 $1,500,000 $2.380,000 Stockholders' Equity Preferred $0.90 stock, $10 par. Common stock, $5 par.... Retained earnings..... Total stockholders'equity..... Total liabilities and stockholders' equity.. $ 500,000 $ 500,000 500,000 500,000 6,180,000 $7,180,000 $9.780,000 5,375,000 $6,375,000 $8.755,000 Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Retained earnings, January 1... Net income.. Total Dividends: On preferred stock On common stock.. Total dividends.... Retained earnings, December 31 $4,545,000 925,000 $5,470,000 $5,375,000 900,000 $6,275,000 $ 45,000 $ 45,000 50,000 $ 95,000 $6,180,000 50,000 $95,000 $5,375,000 Instructions Determine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts:
10. Times interest earned er 12. Return on total assets odiolders cquily 14. Return on common stockholders' equity ock 17. Dividends per share of common stock 18. Dividend yield Stargel Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Sales .. Cost of goods sold.. Gross profit .. Selling expenses Administrative expenses. Total operating expenses Income from operations. Other income. $10,000,000 $9,400,000 4,950,000 $4450,000 $1,880,000 5,350,000 $ 4,650,000 $ 2,000,000 1,500,000 $ 3,500,000 $ 1,150,000 150,000 $ 1,300,000 170,000 $ 1,130,000 1,410,000 $3,290,000 $1,160,000 140,000 $1,300,000 Other expense (interest)... Income before income tax Income tax expense. Net income.... 150,000 $1,150,000 225,000 $ 925,000 230,000 $ 900,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Υ1 Assets Current assets: Cash $ 500,000 $ 400,000 Marketable securities... 1,010,000 1,000,000 Accounts receivable (net). 740,000 510,000 Inventories. 1,190,000 950,000 Prepaid expenses Total current assets.. Long-term investments.. Property, plant, and equipment (net) Total assets.. 250,000 229.000 $3,089,000 $3,690,000 2,350,000 2,300,000 3,740,000 $9,780,000 3.366,000 $8,755,000 Liabilities Current liabilities... Long-term liabilities: Mortgage note payable, 10%... Bonds payable, 10 %.... Total long-term liabilities . Total liabilities. $ 900,000 $ 880,000 $ 200,000 1,500,000 $1,700,000 $2.600,000 1,500,000 $1,500,000 $2.380,000 Stockholders' Equity Preferred $0.90 stock, $10 par. Common stock, $5 par.... Retained earnings..... Total stockholders'equity..... Total liabilities and stockholders' equity.. $ 500,000 $ 500,000 500,000 500,000 6,180,000 $7,180,000 $9.780,000 5,375,000 $6,375,000 $8.755,000 Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Retained earnings, January 1... Net income.. Total Dividends: On preferred stock On common stock.. Total dividends.... Retained earnings, December 31 $4,545,000 925,000 $5,470,000 $5,375,000 900,000 $6,275,000 $ 45,000 $ 45,000 50,000 $ 95,000 $6,180,000 50,000 $95,000 $5,375,000 Instructions Determine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts:
Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN:9781337395250
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter4: Analysis Of Financial Statements
Section: Chapter Questions
Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...
Related questions
Question
I need help on 10, 12,14,17 and 18 please please please please.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning