FINANCIAL STATEMENT ANALYSIS-ASSESSMENT TOTAL POINTS = 93/93 The following are the balance sheet and income statement data of Jowie Corporation Balance Sheet Accounts (December 31) Cash 2007 2008 150,000 283,000 Marketable Securities Accounts Receivable, net Inventories Land 1,000,000 1,000,000 850,000 500,000 750,000 500,000 500,000 500,000 Building, net Machinery and equipment (net). Goodwill Deferred Charges Notes, Payable, Trade |Accounts Payable, Trade Expenses Payable Long-term Notes- Due 2018 15% Preferred Stock, P100 par |Common Stock, P10 par Retain Earnings 2008 Income Statement Accounts Sales Sales Returns and Allowances Inventory, Dec. 31, 2008 Inventory, Dec. 31, 2007 Purchases Selling Expenses Administrative Expenses(including Depreciation of P 250,000) Interest on Long-term Notes Income Taxes, 35% Additional Information: Dividends paid on preferred stock 550,000 1,700,000 400,000 500,000 1,500,000 400,000 100,000 90,000 100,000 150,000 610,000 790,000 40,000 60,000 2,500,000 500,000 2,250,000 500,000 1,500,000 1,500,000 250,000 523,000 5,250,000 250,000 500,000 750,000 2,750,000 400,000 600,000 250,000 1 75,000 Dividends paid on common stock 162,000 Market price per share on common 3 stock 18

FINANCIAL STATEMENT ANALYSIS-ASSESSMENT TOTAL POINTS = 93/93 The following are the balance sheet and income statement data of Jowie Corporation Balance Sheet Accounts (December 31) Cash 2007 2008 150,000 283,000 Marketable Securities Accounts Receivable, net Inventories Land 1,000,000 1,000,000 850,000 500,000 750,000 500,000 500,000 500,000 Building, net Machinery and equipment (net). Goodwill Deferred Charges Notes, Payable, Trade |Accounts Payable, Trade Expenses Payable Long-term Notes- Due 2018 15% Preferred Stock, P100 par |Common Stock, P10 par Retain Earnings 2008 Income Statement Accounts Sales Sales Returns and Allowances Inventory, Dec. 31, 2008 Inventory, Dec. 31, 2007 Purchases Selling Expenses Administrative Expenses(including Depreciation of P 250,000) Interest on Long-term Notes Income Taxes, 35% Additional Information: Dividends paid on preferred stock 550,000 1,700,000 400,000 500,000 1,500,000 400,000 100,000 90,000 100,000 150,000 610,000 790,000 40,000 60,000 2,500,000 500,000 2,250,000 500,000 1,500,000 1,500,000 250,000 523,000 5,250,000 250,000 500,000 750,000 2,750,000 400,000 600,000 250,000 1 75,000 Dividends paid on common stock 162,000 Market price per share on common 3 stock 18

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 9.17E: Profitability metrics The following selected data were taken from the financial statements of The...

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