Bettancort Inc. Comparative Balance Sheet December 31, 2016 and 2015 Dec. 31, 2016 Dec. 31, 2015 Assets $ 400,000 260,000 110,000 58,000 $ 450,000 300,000 130,000 67,000 153,000 $1,100,000 2,350,000 1,320,000 $4,770,000 Current assets: Cash ...... Marketable securities. Accounts receivable (net). Inventories ... Prepaid expenses Total current assets 139,000 $ 967,000 2,200,000 1,188,000 $4,355,000 Long-term investments Property, plant, and equipment (net) Total assets Liabilities $ 440,000 $ 400,000 Current liabilities. Long-term liabilities: Mortgage note payable, 8%, due 2021 Bonds payable, 5%, due 2017 Total long-term liabilities. Total liabilities $ 100,000 1,000,000 $1,100,000 $1,540,000 1,000,000 $1,000,000 $1,400,000 Stockholders' Equity Preferred $0.75 stock, $10 par Common stock, $10 par. Retained earnings. Total stockholders' equity. Total liabilities and stockholders' equity.. $ 200,000 100,000 2,930,000 $3,230,000 $ 200,000 100,000 2,655,000 $2,955,000 $4,355,000 $4,770,000 Instructions Determine the following measures for 2016, rounding to one decimal place: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 212 ldo1 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Number of times interest charges are earned 11. Number of times preferred dividends are earned 12. Ratio of sales to assets 13. Rate earned on total assets 14. Rate earned on stockholders' equity 15. Rate earned on common stockholders' equity 16. Earnings per share on common stock 17. Price-earnings ratio 18. Dividends per share of common stock 19. Dividend yield
Bettancort Inc. Comparative Balance Sheet December 31, 2016 and 2015 Dec. 31, 2016 Dec. 31, 2015 Assets $ 400,000 260,000 110,000 58,000 $ 450,000 300,000 130,000 67,000 153,000 $1,100,000 2,350,000 1,320,000 $4,770,000 Current assets: Cash ...... Marketable securities. Accounts receivable (net). Inventories ... Prepaid expenses Total current assets 139,000 $ 967,000 2,200,000 1,188,000 $4,355,000 Long-term investments Property, plant, and equipment (net) Total assets Liabilities $ 440,000 $ 400,000 Current liabilities. Long-term liabilities: Mortgage note payable, 8%, due 2021 Bonds payable, 5%, due 2017 Total long-term liabilities. Total liabilities $ 100,000 1,000,000 $1,100,000 $1,540,000 1,000,000 $1,000,000 $1,400,000 Stockholders' Equity Preferred $0.75 stock, $10 par Common stock, $10 par. Retained earnings. Total stockholders' equity. Total liabilities and stockholders' equity.. $ 200,000 100,000 2,930,000 $3,230,000 $ 200,000 100,000 2,655,000 $2,955,000 $4,355,000 $4,770,000 Instructions Determine the following measures for 2016, rounding to one decimal place: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days' sales in receivables 6. Inventory turnover 212 ldo1 7. Number of days' sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders' equity 10. Number of times interest charges are earned 11. Number of times preferred dividends are earned 12. Ratio of sales to assets 13. Rate earned on total assets 14. Rate earned on stockholders' equity 15. Rate earned on common stockholders' equity 16. Earnings per share on common stock 17. Price-earnings ratio 18. Dividends per share of common stock 19. Dividend yield
Accounting (Text Only)
26th Edition
ISBN:9781285743615
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 13.8BPE
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