Please do F1 thank you. Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31,2019, financial statements:For the Year Ended December 31, 2019:$ 30,20011,300Net revenuesCost of services providedDepreciation expenseOperating incomeInterest expense6,000$ 12,9003,200Income tax expense3,500Net income$ 6,200At December 31, 2019:AssetsCash and short-term investments$ 3,200Accounts receivable, net9,500Property, plant, and equipment, net83,400Total assets$ 96,100Liabilities and Stockholders' EquityAccounts payableIncome taxes payableNotes payable (long term)Paid-in capitalRetained earnings$ 1,6001,70049,40014,00029,400Total liabilities and stockholders' equity$ 96,100At December 31, 2018, total assets were $82,000 and total stockholders' equity was $37,900. There were no changes in notes payableor paid-in capital during 2019.Required:a. From the above income statement and balance sheet for Gerrard Construction Co. What other financial statements are required?b. Indicate the note disclosures that should be provided by Gerrard Construction Co.c. Assume that the balance of "Accounts Receivable, net" at December 31, 2018, was $8,800. Calculate the following activity measuresfor Gerrard Construction Co. for the year ended December 31, 2019:1. Accounts receivable turnover.2. Number of days' sales in accounts receivable.d. Calculate the following financial leverage measures for Gerrard Construction Co. at December 31, 2019:1. Debt ratio.2. Debt/equity ratio.e. Gerrard Construction Co. wishes to lease some new earthmoving equipment from Caterpillar on a long-term basis. What impact(increase, decrease, or no effect) would a capital lease of 4.1 million have on the company's debt ratio and debt/equity ratio?f. (1) Calculate the amount of dividends declared and paid during the year ended December 31, 2019.(2) Review the answer from requirement f1 at this time. Assume that Gerrard Construction Co. had 1,026,000 shares of $1 par valuecommon stock outstanding throughout 2019, and that the market price per share of common stock at December 31, 2019, was$18.78. Calculate the following profitability measures for the year ended December 31, 2019:1. Earnings per share of common stock.2. Price/earnings ratio.3. Dividend yield.4. Dividend payout ratio.Complete this auestion bv enterina vour answers in the tahs below. ACCOu1lespayabieIncome taxes payableNotes payable (long term)Paid-in capitalRetained earnings1,70049,40014,00029,400Total liabilities and stockholders' equity$ 96,100At December 31, 2018, total assets were $82,000 and total stockholders' equity was $37,900. There were no changes in notes payableor paid-in capital during 2019.Required:a. From the above income statement and balance sheet for Gerrard Construction Co. What other financial statements are required?b. Indicate the note disclosures that should be provided by Gerrard Construction Co.c. Assume that the balance of "Accounts Receivable, net" at December 31, 2018, was $8,800. Calculate the following activity measuresfor Gerrard Construction Co. for the year ended December 31, 2019:1. Accounts receivable turnover.2. Number of days' sales in accounts receivable.d. Calculate the following financial leverage measures for Gerrard Construction Co. at December 31, 2019:1. Debt ratio.2. Debt/equity ratio.e. Gerrard Construction Co. wishes to lease some new earthmoving equipment from Caterpillar on a long-term basis. What impact(increase, decrease, or no effect) would a capital lease of 4.1 million have on the company's debt ratio and debt/equity ratio?f. (1) Calculate the amount of dividends declared and paid during the year ended December 31, 2019.(2) Review the answer from requirement f1 at this time. Assume that Gerrard Construction Co. had 1,026,000 shares of $1 par valuecommon stock outstanding throughout 2019, and that the market price per share of common stock at December 31, 2019, was$18.78. Calculate the following profitability measures for the year ended December 31, 2019:1. Earnings per share of common stock.2. Price/earnings ratio.3. Dividend yield.4. Dividend payout ratio.Complete this question by entering your answers in the tabs below.Required ARequired BRequired CRequired DRequired ERequired F1Required F2Calculate the amount of dividends declared and paid during the year ended December 31, 2019. (Enter your answer inthousands (i.e., 20,000 should be entered as 20).)Dividends declared and paid

Question

Please do F1 thank you. Gerrard Construction Co. is an excavation contractor. The following summarized data (in thousands) are taken from the December 31,2019, financial statements:For the Year Ended December 31, 2019:$ 30,20011,300Net revenuesCost of services providedDepreciation expenseOperating incomeInterest expense6,000$ 12,9003,200Income tax expense3,500Net income$ 6,200At December 31, 2019:AssetsCash and short-term investments$ 3,200Accounts receivable, net9,500Property, plant, and equipment, net83,400Total assets$ 96,100Liabilities and Stockholders' EquityAccounts payableIncome taxes payableNotes payable (long term)Paid-in capitalRetained earnings$ 1,6001,70049,40014,00029,400Total liabilities and stockholders' equity$ 96,100At December 31, 2018, total assets were $82,000 and total stockholders' equity was $37,900. There were no changes in notes payableor paid-in capital during 2019.Required:a. From the above income statement and balance sheet for Gerrard Construction Co. What other financial statements are required?b. Indicate the note disclosures that should be provided by Gerrard Construction Co.c. Assume that the balance of &#34;Accounts Receivable, net&#34; at December 31, 2018, was $8,800. Calculate the following activity measuresfor Gerrard Construction Co. for the year ended December 31, 2019:1. Accounts receivable turnover.2. Number of days' sales in accounts receivable.d. Calculate the following financial leverage measures for Gerrard Construction Co. at December 31, 2019:1. Debt ratio.2. Debt/equity ratio.e. Gerrard Construction Co. wishes to lease some new earthmoving equipment from Caterpillar on a long-term basis. What impact(increase, decrease, or no effect) would a capital lease of 4.1 million have on the company's debt ratio and debt/equity ratio?f. (1) Calculate the amount of dividends declared and paid during the year ended December 31, 2019.(2) Review the answer from requirement f1 at this time. Assume that Gerrard Construction Co. had 1,026,000 shares of $1 par valuecommon stock outstanding throughout 2019, and that the market price per share of common stock at December 31, 2019, was$18.78. Calculate the following profitability measures for the year ended December 31, 2019:1. Earnings per share of common stock.2. Price/earnings ratio.3. Dividend yield.4. Dividend payout ratio.Complete this auestion bv enterina vour answers in the tahs below. ACCOu1lespayabieIncome taxes payableNotes payable (long term)Paid-in capitalRetained earnings1,70049,40014,00029,400Total liabilities and stockholders' equity$ 96,100At December 31, 2018, total assets were $82,000 and total stockholders' equity was $37,900. There were no changes in notes payableor paid-in capital during 2019.Required:a. From the above income statement and balance sheet for Gerrard Construction Co. What other financial statements are required?b. Indicate the note disclosures that should be provided by Gerrard Construction Co.c. Assume that the balance of &#34;Accounts Receivable, net&#34; at December 31, 2018, was $8,800. Calculate the following activity measuresfor Gerrard Construction Co. for the year ended December 31, 2019:1. Accounts receivable turnover.2. Number of days' sales in accounts receivable.d. Calculate the following financial leverage measures for Gerrard Construction Co. at December 31, 2019:1. Debt ratio.2. Debt/equity ratio.e. Gerrard Construction Co. wishes to lease some new earthmoving equipment from Caterpillar on a long-term basis. What impact(increase, decrease, or no effect) would a capital lease of 4.1 million have on the company's debt ratio and debt/equity ratio?f. (1) Calculate the amount of dividends declared and paid during the year ended December 31, 2019.(2) Review the answer from requirement f1 at this time. Assume that Gerrard Construction Co. had 1,026,000 shares of $1 par valuecommon stock outstanding throughout 2019, and that the market price per share of common stock at December 31, 2019, was$18.78. Calculate the following profitability measures for the year ended December 31, 2019:1. Earnings per share of common stock.2. Price/earnings ratio.3. Dividend yield.4. Dividend payout ratio.Complete this question by entering your answers in the tabs below.Required ARequired BRequired CRequired DRequired ERequired F1Required F2Calculate the amount of dividends declared and paid during the year ended December 31, 2019. (Enter your answer inthousands (i.e., 20,000 should be entered as 20).)Dividends declared and paid< Required ERequired F2>

Accepted Answer

Net income is the excess of revenues over expenses which means any thing left from the revenues…