Homework Help is Here – Start Your Trial Now!
Business
Accounting
Determine the following measures for 20Y2, rounding to one decimal place including, percentage, except for per-share amounts.  6. Inventory Turnover 7. number of days sale in inventory  8. Ratio of fixed assets to long-term liabilities  9. ratio of liabilities to stockholders equity 10. times interest earned  11. asset turnover 12. return on total asset  13. return on stockholders equity 14. return on common stockholders equity 15. earnings per share on common stock 16. price-earnings ratio 17. dividends per share of common stock 18. dividend yield

Determine the following measures for 20Y2, rounding to one decimal place including, percentage, except for per-share amounts.  6. Inventory Turnover 7. number of days sale in inventory  8. Ratio of fixed assets to long-term liabilities  9. ratio of liabilities to stockholders equity 10. times interest earned  11. asset turnover 12. return on total asset  13. return on stockholders equity 14. return on common stockholders equity 15. earnings per share on common stock 16. price-earnings ratio 17. dividends per share of common stock 18. dividend yield

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.4.19P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...
See similar textbooks
icon
Related questions
Question

Determine the following measures for 20Y2, rounding to one decimal place including, percentage, except for per-share amounts. 


6. Inventory Turnover

7. number of days sale in inventory 

8. Ratio of fixed assets to long-term liabilities 

9. ratio of liabilities to stockholders equity

10. times interest earned 

11. asset turnover

12. return on total asset 

13. return on stockholders equity

14. return on common stockholders equity

15. earnings per share on common stock

16. price-earnings ratio

17. dividends per share of common stock

18. dividend yield

PR17-4B 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 20Y2 20Y1 Retained earnings, January 1 $5,375,000 %244,545,000 Net income 925,000 Total $6,275,000 %245,470,000 Dividends: Preferred stock dividends %2 45,000 Common stock dividends Total dividends to 00 Retained earnings, December 31 $46,180,000 $5,375,000 ..
Transcribed Image Text:PR17-4B 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 20Y2 20Y1 Retained earnings, January 1 $5,375,000 %244,545,000 Net income 925,000 Total $6,275,000 %245,470,000 Dividends: Preferred stock dividends %2 45,000 Common stock dividends Total dividends to 00 Retained earnings, December 31 $46,180,000 $5,375,000 ..
877 percentages, except for per-share amounts: For the Years Ended December 31, 20Y2 and 20Y1 Stargel Inc. Comparative Income Statement 20Y2 20Υ1 Sales.... $10,000,000 $9,400,000 Cost of goods sold... Gross profit.. Selling expenses 5,350,000 $ 4,650,000 $ 2,000,000 4,950,000 $4,450,000 ... ... $1,880,000 Administrative expenses. Total operating expenses.. Income from operations. 1,500,000 $ 3,500,000 $ 1,150,000 1,410,000 $3,290,000 $1,160,000 .. Other revenue 150,000 140,000 $1,300,000 $ 1,300,000 Other expense (interest) 170,000 $ 1,130,000 150,000 ... ... Income before income tax $1,150,000 ... 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.... Accounts receivable (net)... 1,010,000 1,000,000 740,000 510,000 Inventories .... 1,190,000 950,000 Prepaid expenses. Total current assets..... 250,000 229,000 $3,690,000 $3,089,000 Long-term investments... 2,350,000 2,300,000 Property, plant, and equipment (net)... Total assets.... 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%.. Total long-term liabilities.. Total liabilities .. $ 200,000 %24 0. 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..... $ 500,000 $ 500,000 500,000 500,000 6,180,000 5,375,000 $6,375,000 $7,180,000 Total liabilities and stockholders' equity.. $9,780,000 $8,755,000 Instructions Determine the following measures for 20Y2, rounding to one decimal place including
Transcribed Image Text:877 percentages, except for per-share amounts: For the Years Ended December 31, 20Y2 and 20Y1 Stargel Inc. Comparative Income Statement 20Y2 20Υ1 Sales.... $10,000,000 $9,400,000 Cost of goods sold... Gross profit.. Selling expenses 5,350,000 $ 4,650,000 $ 2,000,000 4,950,000 $4,450,000 ... ... $1,880,000 Administrative expenses. Total operating expenses.. Income from operations. 1,500,000 $ 3,500,000 $ 1,150,000 1,410,000 $3,290,000 $1,160,000 .. Other revenue 150,000 140,000 $1,300,000 $ 1,300,000 Other expense (interest) 170,000 $ 1,130,000 150,000 ... ... Income before income tax $1,150,000 ... 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.... Accounts receivable (net)... 1,010,000 1,000,000 740,000 510,000 Inventories .... 1,190,000 950,000 Prepaid expenses. Total current assets..... 250,000 229,000 $3,690,000 $3,089,000 Long-term investments... 2,350,000 2,300,000 Property, plant, and equipment (net)... Total assets.... 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%.. Total long-term liabilities.. Total liabilities .. $ 200,000 %24 0. 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..... $ 500,000 $ 500,000 500,000 500,000 6,180,000 5,375,000 $6,375,000 $7,180,000 Total liabilities and stockholders' equity.. $9,780,000 $8,755,000 Instructions Determine the following measures for 20Y2, rounding to one decimal place including
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 5 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
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.
Similar questions
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Financial & Managerial Accounting
Financial & Managerial Accounting
Accounting
ISBN:
9781285866307
Author:
Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:
Cengage Learning
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS