Cash Accounts receivable Inventory Land Building Accumulated depreciation Total Accounts payable Common stock ($5 par) Retained earnings Total (a) (b) (c) (d) (e) FLOUNDER CORPORATION Balance Sheets December 31 (f) (h) (i) (₁) Current ratio Inventory turnover Flounder's 2022 income statement included net sales of $117,000, cost of goods sold of $77,000, and net income of $28,500. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, eg 1.8 and all percentage and days answers to 0 decimal places, eg 18 or 25% and all other answers to 2 decimal places, e.g. 1.83. Use 365 days for calculation.) Days in inventory Average collection period Profit margin Asset turnover Return on assets 2022 $12,000 Accounts receivables turnover Earnings per share Payout ratio 17,900 Debt to total assets ratio 19,000 12,700 33,700 29,700 75,700 75,700 (16,700) (13,700) 135,300 133,100 73,500 42,800 135,300 Return on common stockholders' equity 2021 $5,600 26,100 9,700 32,800 73,500 26,800 133,100 $ 2.24 5.32 69 6.88 53 24 0.86 21 25 1.9 44 I days days % % % % %

Cash Accounts receivable Inventory Land Building Accumulated depreciation Total Accounts payable Common stock ($5 par) Retained earnings Total (a) (b) (c) (d) (e) FLOUNDER CORPORATION Balance Sheets December 31 (f) (h) (i) (₁) Current ratio Inventory turnover Flounder's 2022 income statement included net sales of $117,000, cost of goods sold of $77,000, and net income of $28,500. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, eg 1.8 and all percentage and days answers to 0 decimal places, eg 18 or 25% and all other answers to 2 decimal places, e.g. 1.83. Use 365 days for calculation.) Days in inventory Average collection period Profit margin Asset turnover Return on assets 2022 $12,000 Accounts receivables turnover Earnings per share Payout ratio 17,900 Debt to total assets ratio 19,000 12,700 33,700 29,700 75,700 75,700 (16,700) (13,700) 135,300 133,100 73,500 42,800 135,300 Return on common stockholders' equity 2021 $5,600 26,100 9,700 32,800 73,500 26,800 133,100 $ 2.24 5.32 69 6.88 53 24 0.86 21 25 1.9 44 I days days % % % % %

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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a. Current ratiob. Inventory Turnover ratioc. Accounts receivable ratiod. Fixed asset turnover ratioe. Net profit marginf. Return of assets (ROA)g. Return of equity (ROE)
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