I need to determine the following measures for 20Y2 for numbers 11-13 (Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): 1. Working Capital $ 1,584,000.00 2. Current ratio 2.8 3. Quick ratio 2.2 4. Accounts receivable turnover 20.0 5. Number of days' sales in receivables 18.3 6. Inventory turnover 15.0 7. Number of days’ sales in inventory 24.3 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders’ equity 0.8 10. Times interest earned 8.7 11. Asset turnover 12. Return on total assets 13. Return on stockholders’ equity 14. Return on common stockholders’ equity %13.3 15. Earnings per share on common stock $5.90 16. Price-earnings ratio 17. Dividends per share of common stock $1.0 18. Dividend yield % I posted below the Comparative Retained Earnings Statement, Comparative Income Statement, and the Comparative Balance Sheet in reference to finding answers for #6-18. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Retained earnings, January 1 $3,704,000.00 $3,264,000.00 3 Net income 600,000.00 550,000.00 4 Total $4,304,000.00 $3,814,000.00 5 Dividends: 6 On preferred stock $10,000.00 $10,000.00 7 On common stock 100,000.00 100,000.00 8 Total dividends $110,000.00 $110,000.00 9 Retained earnings, December 31 $4,194,000.00 $3,704,000.00 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Sales $10,850,000.00 $10,000,000.00 3 Cost of goods sold 6,000,000.00 5,450,000.00 4 Gross profit $4,850,000.00 $4,550,000.00 5 Selling expenses $2,170,000.00 $2,000,000.00 6 Administrative expenses 1,627,500.00 1,500,000.00 7 Total operating expenses $3,797,500.00 $3,500,000.00 8 Income from operations $1,052,500.00 $1,050,000.00 9 Other revenue 99,500.00 20,000.00 10 $1,152,000.00 $1,070,000.00 11 Other expense (interest) 132,000.00 120,000.00 12 Income before income tax $1,020,000.00 $950,000.00 13 Income tax expense 420,000.00 400,000.00 14 Net income $600,000.00 $550,000.00 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Assets 3 Current assets: 4 Cash $1,050,000.00 $950,000.00 5 Marketable securities 301,000.00 420,000.00 6 Accounts receivable (net) 585,000.00 500,000.00 7 Inventories 420,000.00 380,000.00 8 Prepaid expenses 108,000.00 20,000.00 9 Total current assets $2,464,000.00 $2,270,000.00 10 Long-term investments 800,000.00 800,000.00 11 Property, plant, and equipment (net) 5,760,000.00 5,184,000.00 12 Total assets $9,024,000.00 $8,254,000.00 13 Liabilities 14 Current liabilities $880,000.00 $800,000.00 15 Long-term liabilities: 16 Mortgage note payable, 6%, $200,000.00 $0.00 17 Bonds payable, 4%, 3,000,000.00 3,000,000.00 18 Total long-term liabilities $3,200,000.00 $3,000,000.00 19 Total liabilities $4,080,000.00 $3,800,000.00 20 Stockholders’ Equity 21 Preferred 4% stock, $5 par $250,000.00 $250,000.00 22 Common stock, $5 par 500,000.00 500,000.00 23 Retained earnings 4,194,000.00 3,704,000.00 24 Total stockholders’ equity $4,944,000.00 $4,454,000.00 25 Total liabilities and stockholders’ equity $9,024,000.00 $8,254,000.00

I need to determine the following measures for 20Y2 for numbers 11-13 (Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): 1. Working Capital $ 1,584,000.00 2. Current ratio 2.8 3. Quick ratio 2.2 4. Accounts receivable turnover 20.0 5. Number of days' sales in receivables 18.3 6. Inventory turnover 15.0 7. Number of days’ sales in inventory 24.3 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders’ equity 0.8 10. Times interest earned 8.7 11. Asset turnover 12. Return on total assets 13. Return on stockholders’ equity 14. Return on common stockholders’ equity %13.3 15. Earnings per share on common stock $5.90 16. Price-earnings ratio 17. Dividends per share of common stock $1.0 18. Dividend yield % I posted below the Comparative Retained Earnings Statement, Comparative Income Statement, and the Comparative Balance Sheet in reference to finding answers for #6-18. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Retained earnings, January 1 $3,704,000.00 $3,264,000.00 3 Net income 600,000.00 550,000.00 4 Total $4,304,000.00 $3,814,000.00 5 Dividends: 6 On preferred stock $10,000.00 $10,000.00 7 On common stock 100,000.00 100,000.00 8 Total dividends $110,000.00 $110,000.00 9 Retained earnings, December 31 $4,194,000.00 $3,704,000.00 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Sales $10,850,000.00 $10,000,000.00 3 Cost of goods sold 6,000,000.00 5,450,000.00 4 Gross profit $4,850,000.00 $4,550,000.00 5 Selling expenses $2,170,000.00 $2,000,000.00 6 Administrative expenses 1,627,500.00 1,500,000.00 7 Total operating expenses $3,797,500.00 $3,500,000.00 8 Income from operations $1,052,500.00 $1,050,000.00 9 Other revenue 99,500.00 20,000.00 10 $1,152,000.00 $1,070,000.00 11 Other expense (interest) 132,000.00 120,000.00 12 Income before income tax $1,020,000.00 $950,000.00 13 Income tax expense 420,000.00 400,000.00 14 Net income $600,000.00 $550,000.00 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Assets 3 Current assets: 4 Cash $1,050,000.00 $950,000.00 5 Marketable securities 301,000.00 420,000.00 6 Accounts receivable (net) 585,000.00 500,000.00 7 Inventories 420,000.00 380,000.00 8 Prepaid expenses 108,000.00 20,000.00 9 Total current assets $2,464,000.00 $2,270,000.00 10 Long-term investments 800,000.00 800,000.00 11 Property, plant, and equipment (net) 5,760,000.00 5,184,000.00 12 Total assets $9,024,000.00 $8,254,000.00 13 Liabilities 14 Current liabilities $880,000.00 $800,000.00 15 Long-term liabilities: 16 Mortgage note payable, 6%, $200,000.00 $0.00 17 Bonds payable, 4%, 3,000,000.00 3,000,000.00 18 Total long-term liabilities $3,200,000.00 $3,000,000.00 19 Total liabilities $4,080,000.00 $3,800,000.00 20 Stockholders’ Equity 21 Preferred 4% stock, $5 par $250,000.00 $250,000.00 22 Common stock, $5 par 500,000.00 500,000.00 23 Retained earnings 4,194,000.00 3,704,000.00 24 Total stockholders’ equity $4,944,000.00 $4,454,000.00 25 Total liabilities and stockholders’ equity $9,024,000.00 $8,254,000.00

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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QUESTION: I need to determine the following measures for 20Y2 for numbers 11-13

(Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts):

1. Working Capital	$ 1,584,000.00
2. Current ratio	2.8
3. Quick ratio	2.2
4. Accounts receivable turnover	20.0
5. Number of days' sales in receivables	18.3
6. Inventory turnover	15.0
7. Number of days’ sales in inventory	24.3
8. Ratio of fixed assets to long-term liabilities
9. Ratio of liabilities to stockholders’ equity	0.8
10. Times interest earned	8.7
11. Asset turnover
12. Return on total assets
13. Return on stockholders’ equity
14. Return on common stockholders’ equity	%13.3
15. Earnings per share on common stock	$5.90
16. Price-earnings ratio
17. Dividends per share of common stock	$1.0
18. Dividend yield	%

I posted below the Comparative Retained Earnings Statement, Comparative Income Statement, and the Comparative Balance Sheet in reference to finding answers for #6-18.

Marshall Inc.

Comparative Retained Earnings Statement

For the Years Ended December 31, 20Y2 and 20Y1

1		20Y2	20Y1
2	Retained earnings, January 1	$3,704,000.00	$3,264,000.00
3	Net income	600,000.00	550,000.00
4	Total	$4,304,000.00	$3,814,000.00
5	Dividends:
6	On preferred stock	$10,000.00	$10,000.00
7	On common stock	100,000.00	100,000.00
8	Total dividends	$110,000.00	$110,000.00
9	Retained earnings, December 31	$4,194,000.00	$3,704,000.00

Marshall Inc.

Comparative Income Statement

For the Years Ended December 31, 20Y2 and 20Y1

1		20Y2	20Y1
2	Sales	$10,850,000.00	$10,000,000.00
3	Cost of goods sold	6,000,000.00	5,450,000.00
4	Gross profit	$4,850,000.00	$4,550,000.00
5	Selling expenses	$2,170,000.00	$2,000,000.00
6	Administrative expenses	1,627,500.00	1,500,000.00
7	Total operating expenses	$3,797,500.00	$3,500,000.00
8	Income from operations	$1,052,500.00	$1,050,000.00
9	Other revenue	99,500.00	20,000.00
10		$1,152,000.00	$1,070,000.00
11	Other expense (interest)	132,000.00	120,000.00
12	Income before income tax	$1,020,000.00	$950,000.00
13	Income tax expense	420,000.00	400,000.00
14	Net income	$600,000.00	$550,000.00

Marshall Inc.

Comparative Balance Sheet

December 31, 20Y2 and 20Y1

1		20Y2	20Y1
2	Assets
3	Current assets:
4	Cash	$1,050,000.00	$950,000.00
5	Marketable securities	301,000.00	420,000.00
6	Accounts receivable (net)	585,000.00	500,000.00
7	Inventories	420,000.00	380,000.00
8	Prepaid expenses	108,000.00	20,000.00
9	Total current assets	$2,464,000.00	$2,270,000.00
10	Long-term investments	800,000.00	800,000.00
11	Property, plant, and equipment (net)	5,760,000.00	5,184,000.00
12	Total assets	$9,024,000.00	$8,254,000.00
13	Liabilities
14	Current liabilities	$880,000.00	$800,000.00
15	Long-term liabilities:
16	Mortgage note payable, 6%,	$200,000.00	$0.00
17	Bonds payable, 4%,	3,000,000.00	3,000,000.00
18	Total long-term liabilities	$3,200,000.00	$3,000,000.00
19	Total liabilities	$4,080,000.00	$3,800,000.00
20	Stockholders’ Equity
21	Preferred 4% stock, $5 par	$250,000.00	$250,000.00
22	Common stock, $5 par	500,000.00	500,000.00
23	Retained earnings	4,194,000.00	3,704,000.00
24	Total stockholders’ equity	$4,944,000.00	$4,454,000.00
25	Total liabilities and stockholders’ equity	$9,024,000.00	$8,254,000.00

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