Selected financial information for CraneCorporation as of December are presented below. 2014 2013 Current assets $82,640 $63,140 Current liabilities 34,440 28,700 Stockholders’ equity 98,400 86,920 Total assets 246,000 221,400 Net sales and net income for 2014 were $369,000 and $29,520 respectively. Dividends of $3,280 were declared for common stockholders and $4,920for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 1. Return on assets enter percentages rounded to 2 demical places % 2. Profit margin enter percentages rounded to 2 demical places % 3. Payout ratio enter percentages rounded to 2 demical places % 4. Debt assets ratio enter percentages rounded to 2 demical places % 5. Current ratio enter ratio rounded to 2 demical places : 1 6. Return on common stockholders' equity enter percentages rounded to 2 demical places % What is the payout ratio, debt assets ratio, current ratio and return on common stockholders equity? Thank you?
Selected financial information for CraneCorporation as of December are presented below. 2014 2013 Current assets $82,640 $63,140 Current liabilities 34,440 28,700 Stockholders’ equity 98,400 86,920 Total assets 246,000 221,400 Net sales and net income for 2014 were $369,000 and $29,520 respectively. Dividends of $3,280 were declared for common stockholders and $4,920for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 1. Return on assets enter percentages rounded to 2 demical places % 2. Profit margin enter percentages rounded to 2 demical places % 3. Payout ratio enter percentages rounded to 2 demical places % 4. Debt assets ratio enter percentages rounded to 2 demical places % 5. Current ratio enter ratio rounded to 2 demical places : 1 6. Return on common stockholders' equity enter percentages rounded to 2 demical places % What is the payout ratio, debt assets ratio, current ratio and return on common stockholders equity? Thank you?
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 20BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...
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Selected financial information for CraneCorporation as of December are presented below.
2014
|
2013
|
|||
---|---|---|---|---|
Current assets
|
$82,640
|
$63,140
|
||
Current liabilities
|
34,440
|
28,700
|
||
|
98,400
|
86,920
|
||
Total assets
|
246,000
|
221,400
|
Net sales and net income for 2014 were $369,000 and $29,520 respectively. Dividends of $3,280 were declared for common stockholders and $4,920for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity.
Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.)
1.
|
Return on assets
|
enter percentages rounded to 2 demical places
|
%
|
||
---|---|---|---|---|---|
2.
|
Profit margin
|
enter percentages rounded to 2 demical places
|
%
|
||
3.
|
Payout ratio
|
enter percentages rounded to 2 demical places
|
%
|
||
4.
|
Debt assets ratio
|
enter percentages rounded to 2 demical places
|
%
|
||
5.
|
|
enter ratio rounded to 2 demical places
|
: 1
|
||
6.
|
Return on common stockholders' equity
|
enter percentages rounded to 2 demical places
|
%
|
What is the payout ratio, debt assets ratio, current ratio and return on common stockholders equity? Thank you?
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