Required:Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, ifrequired. Assume 365 days a year.1. Working capital2. Current ratio3. Quick ratio4. Accounts receivable turnover5.Number of days' sales in receivablesdays6. Inventory turnover7. Number of days' sales in inventorydays8. Ratio of fixed assets to long-term liabilities9. Ratio of liabilities to stockholders' equity10. Times interest earned11.Asset turnover12. Return on total assets13. Return on stockholders' equity%14. Return on common stockholders' equity15. Earnings per share on common stock16. Price-earnings ratio17. Dividends per share of common stock18. Dividend yield Marshall Inc.Measures of liquidity, Salvency, and PrafitabilityThe comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock wii $ 61 on December 31, 20Y2.Comparative Balance SheetMarshall in.December 31, 20Y2 and 20Y1Comparative Retained Earnings Statement20Υ220Υ1For the Years Ended December 31, 20Y2 and 20Y120Y220Y1Assetsoutained arnings, Janry 1$3,089,050$2,603,550Current assetsNet income729,600533,200Cash$912,500$815,990Total$3,818,650$3,136,750Marketable securities1,381,0801,352,220Dividends:On preferred stockS11,200$11,200Accounts receivable (net)781,100737,300On common stock36,50036,500Inventories584,000452,600Total dividends$47,700$47,700Prepaid expenses172,627163,200Rutained earngs, Decembir 31$3,770,950$3,080,050Total current assets$3,831,307$3,521,310Long-term investments1,386,498972,249Marshall inc.Comparative Income StatementProperty, plant, and equipment (net)4,550,0004,095,000For the Years Ended December 31, 20Y2 and 20Y1Total assets$9,767,805$8,588,55920Y220Y1LiabilitiesSales$4,327,440$3,987,130Cost of goods sold1,503,0701,382,820Current liabilities$1,126,855$2,199,509Gross profe$2,824,370$2,604,310Long-term liabilities:Seling expensess056.190$1,190,400Mortgage note payable, 8%$1,570,000s0Administrative expenses814,540699.130Total operating expenses$1,770.730Bonds payable, 8%1,930,0001,930,000$1.889.530Income from operations$1,053,640$714,780Total long-term liabilities$3,500,000$1,930,000Cther revanu55,46045,620Total liabilities$4,626,855$4,129,509$1,109,100$760,400Cter expense (interest)280,000154,400Stockholders' EquityIncome before income tax$829,100$606,000Preferred $0.70 stock, $40 par$640,000$640,000Income tan xpense99,50072,800Common stock, $10 par730,000730,000Net income$729,600$533,200Retained earnings3,770,9503,089,050Total stockholders' equity$5,140,950$4,459,050Total liabilities and stockholders' equity$9,767,805$8,588,559

Required: Determine the following measures for 20V2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirem required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio

Required: Determine the following measures for 20V2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirem required. Assume 365 days a year. 1. Working capital 2. Current ratio 3. Quick ratio

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 9.4.16P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

See similar textbooks

Similar questions

Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2, rounding to one decimal place, including percentages, except for per-share amounts: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales 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 assets 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
Stockholder Profitability Ratios The following information pertains to Montague Corporation Required: Calculate the return on common equity and the earnings per share. (Note: Round answers to two decimal places.)
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Return on common stockholders’ equity
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Ratio of liabilities to stockholder.' equity
Profitability metrics The following selected data were taken from the financial statements of The O'Malley Group Inc. for December 31, 20Y5. 20Y4. and 20Y3: No dividends on common stock were declared between 20Y3 and 20Y5. a.Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity Tor the years 20Y4 and 20Y5. Round to one decimal place. b. What conclusions can be drawn from these data as to the company's profitability?
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Return on stockholders’ equity
Stockholder Payout Ratios The following information pertains to Milo Mindbender Corporation: Required: Calculate the dividend yield, dividend payout, and total payout. (Note: Round answers to two decimal places.)
Financial leverage Costco Wholesale Corporation (COST) and Wel-Mart Stroes Inc. (WMT)reported the following data (in milllions) for a recent year: Compute the return on stockholders equity. Round to one decimal place.
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instuctins Times preferred earned
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Current ratio
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instuctions Tunes earned