4.Student ID #:12. Condensed financial statements for Robeson Company appear below:Comparative Balance Sheets2010$ 201,000438,000673,000Cash$ 128,000Accounts receivableInventories472,000797,000Prepaid expensesPlant and equipment (net)Total assets000'182,655,000$4,133,0002,428.000$3,832,000Accounts payableLong-term bonds payablePreferred stock, 10%, S100 parCommon stock, no parRetained earningsTotal liabilities and equities$ 198,0001,000,000450,0001,800,000685,000$4,133,000$ 280,6001,000,000450,0001,800,000301.400$3,832,000Income StatementDecember 31, 2011Sales, netLess cost of goods soldGross margin$5,400,0003,240,0002,160,0001,010,0001,150,000Less operating expensesNet operating incomeInterest expenseNet income before taxes1,070,000000$749,000Less income taxesNet incomeThere were 72,000 shares of common stock outstanding throughout the 2011. Dividends on common stockamounted to $320,400 and dividends on preferred stock amounted to $45,000. The market value of a share ofcommon stock was $54 at the end of 2011. The income tax rate is 30%.Refer to the preceding financial statements and other information. Calculate the following ratios for2011.A.Current RatioB. Quick RatioInventory Turnover in DaysC.D. Times interest earned ratio.E.Debt ratio.Debt to equity ratio.G. Return on SalesF.H.Return on Common Stockholders' EquityReturn on Total AssetsJ.Earnings per share22

The ratio is a measure of the relationship between two variables. In accounting, ratio analysis is…

Refer to the preceding financial statements and other information. Calculate the following ratios for 2011. А. Current Ratio В. Quick Ratio С. C. Inventory Turnover in Days D. Times interest earned ratio. E. Debt ratio. F. Debt to equity ratio. G. Return on Sales Return on Total Assets Н. Return on Common Stockholders' Equity Earnings per share I. J.

Refer to the preceding financial statements and other information. Calculate the following ratios for 2011. А. Current Ratio В. Quick Ratio С. C. Inventory Turnover in Days D. Times interest earned ratio. E. Debt ratio. F. Debt to equity ratio. G. Return on Sales Return on Total Assets Н. Return on Common Stockholders' Equity Earnings per share I. J.

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 9.4.9P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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