aiysis 877 Stargel Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Υ2 20Y1 Sales..... ** Cost of goods sold.. Gross profit.. ** Selling expenses... Administrative expenses. Total operating expenses Income from operations Other revenue... .. $10,000,000 $9,400,000 5,350,000 $ 4,650,000 $ 2,000,000 4,950,000 $4,450,000 $1,880,000 1,500,000 $ 3,500,000 $ 1,150,000 1410.000 $3,290,000 $1,160,000 150,000 140,000 $ 1,300,000 $1,300,000 Other expense (interest) Income before income tax 170,000 150,000 $1,150,000 $ 1,130,000 Income tax expense.. 230,000 225,000 Net income... $ 900,000 $ 925,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Υ2 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 250,000 229,000 Total current assets. $3,690,000 $3,089,000 Long-term investments Property, plant, and equipment (net) 2,350,000 2,300,000 3,366,000 $8,755,000 3,740,000 Total assets $9,780,000 Liabilities Current liabilities. $ 900,000 $ 880,000 Long-term liabilities: Mortgage note payable, 10%. Bonds payable, 10% $ 200,000 Total long-term liabilities Total liabilities 1,500,000 $1,700,000 1,500,000 $1.500,000 $2.380,000 .. .* $2,600,000 Stockholders'Equity $ 500,000 500,000 Preferred $0.90 stock, $10 par $ 500,000 Common stock, $5 par Retained earnings..... Total stockholders' equity.... 500,000 ..... 6,180,000 5,375,000 $7,180,000 $6,375,000 Total liabilities and stockholders' equity. $9,780,000 $8,755,000 Instructions Determine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts: PR 17-4B Measures of liquidity, solvency and profitability Stargel common stock was $119.70 on December 31, 20Y2. The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January Net income Total...... Dividends: Preferred stock dividends Common stock dividends. Total dividends... . Retained earnings, December 31
aiysis 877 Stargel Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Υ2 20Y1 Sales..... ** Cost of goods sold.. Gross profit.. ** Selling expenses... Administrative expenses. Total operating expenses Income from operations Other revenue... .. $10,000,000 $9,400,000 5,350,000 $ 4,650,000 $ 2,000,000 4,950,000 $4,450,000 $1,880,000 1,500,000 $ 3,500,000 $ 1,150,000 1410.000 $3,290,000 $1,160,000 150,000 140,000 $ 1,300,000 $1,300,000 Other expense (interest) Income before income tax 170,000 150,000 $1,150,000 $ 1,130,000 Income tax expense.. 230,000 225,000 Net income... $ 900,000 $ 925,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Υ2 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 250,000 229,000 Total current assets. $3,690,000 $3,089,000 Long-term investments Property, plant, and equipment (net) 2,350,000 2,300,000 3,366,000 $8,755,000 3,740,000 Total assets $9,780,000 Liabilities Current liabilities. $ 900,000 $ 880,000 Long-term liabilities: Mortgage note payable, 10%. Bonds payable, 10% $ 200,000 Total long-term liabilities Total liabilities 1,500,000 $1,700,000 1,500,000 $1.500,000 $2.380,000 .. .* $2,600,000 Stockholders'Equity $ 500,000 500,000 Preferred $0.90 stock, $10 par $ 500,000 Common stock, $5 par Retained earnings..... Total stockholders' equity.... 500,000 ..... 6,180,000 5,375,000 $7,180,000 $6,375,000 Total liabilities and stockholders' equity. $9,780,000 $8,755,000 Instructions Determine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts: PR 17-4B Measures of liquidity, solvency and profitability Stargel common stock was $119.70 on December 31, 20Y2. The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January Net income Total...... Dividends: Preferred stock dividends Common stock dividends. Total dividends... . Retained earnings, December 31
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Question
Can you help me with #14-#16?
Transcribed Image Text:14. Return on common stockholders' equity
14.
Retum on common
stockholders' equity
15. Earnings per share on common stock
15.
Eamings per share
16. Price-earnings ratio
on common stock
17. Dividends per share of common stock
Price eamings ratio
16.
18. Dividend yield
Dividends per share
of common stock
17.
18.
Dividend yleld
Transcribed Image Text:For the Years Ended December 31, 20Y2 and 20Y1
aiysis
877
Stargel Inc.
Comparative Income Statement
for the Years Ended December 31, 20Y2 and 20Y1
20Υ2
20Υ1
Sales...*
$10,000,000
$9,400,000
Cost of goods sold.
Gross profit
Selling expenses...
Administrative expenses.
Total operating expenses
Income from operations.
Other revenue....
5,350,000
4,950,000
$ 4,650,000
$ 2,000,000
$4,450,000
$1,880,000
1,500,000
$ 3,500,000
$ 1,150,000
1,410,000
$3,290,000
$1,160,000
150,000
140,000
$ 1,300,000
$1,300,000
Other expense (interest)
Income before income tax
Income tax expense.
170,000
$ 1,130,000
150,000
$1,150,000
230.000
225,000
Net income
$ 900,000
24925,000
Stargel Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
20Υ2
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
250,000
229,000
$3,089,000
Total current assets..
$3,690,000
Long-term investments
Property, plant, and equipment (net)
Total assets.
2,350,000
2,300,000
3,740,000
3,366,000
$9,780,000
$8,755,000
Liabilities
Current liabilities.
$ 900,000
$ 880,000
Long-term liabilities:
Mortgage note payable, 10%.
Bonds payable, 10%....
$ 200,000
1,500,000
1,500,000
$1,500,000
Total long-term liabilities
Total liabilities........
$1,700,000
$2,600,000
$2,380,000
Stockholders' Equity
$ 500,000
Preferred $0.90 stock, $10 par
Common stock, $5 par.
$ 500,000
500,000
500,000
Retained earnings.
6,180,000
$7,180,000
5,375,000
Total stockholders' equity...
Total liabilities and stockholders' equity
$6,375,000
$9,780,000
$8,755,000
Instructions
Determine the following measures for 20Y2, rounding to one decimal place including
percentages, except for per-share amounts:
PR 17-4B Measures of liquidity, solvency and profitability
The comparative financial statements of Stargel Inc. are as follows. The market price of
Stargel common stock was $119.70 on December 31, 20Y2.
Stargel Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
Retained earnings, January
Net income
Total
Dividends:
Preferred stock dividends
Common stock dividends.
Total dividends.
Retained earnings, December 31
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