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Stargel Inc. Comparative Income Statement the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Υ1 Sales $10,000,000 $9,400,000 Cost of goods sold.. Gross profit Selling expenses Administrative expenses. 5,350,000 4,950,000 $ 4,650,000 $ 2,000,000 $4,450,000 $1,880,000 Total operating expenses Income from operations 1,500,000 $ 3,500,000 $ 1,150,000 1,410,000 $3,290,000 $1,160,000 Other revenue 150,000 140,000 $ 1,300,000 $1,300,000 Other expense (interest) Income before income tax 170,000 150,000 $ 1,130,000 $1,150,000 Income tax expense... 230,000 225,000 Net income $ 900,000 $ 925,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Assets Current assets: Cash $ 500,000 $ 400,000 Marketable securities.. Accounts receivable (net). 1,010,000 1,000,000 740,000 510,000 Inventories 1,190,000 950,000 Prepaid expenses 250,000 229,000 $3,089,000 Total current assets.. $3,690,000 Long-term investments. Property, plant, and equipment (net) Total assets 2,350,000 2,300,000 3,740,000 3,366,000 $8,755,000 $9,780,000 Liabilities Current liabilities.. $ 900,000 $ 880,000 Long-term liabilities: Mortgage note payable, 10%. Bonds payable, 10%... Total long-term liabilities Total liabilities $ 200,000 %24 1,500,000 1,500,000 $1,700,000 $2,600,000 $1,500,000 $2,380,000 Stockholders' Equity Preferred $0.90 stock, $10 par Common stock, $5 par. $ 500,000 $ 500,000 500,000 500,000 Retained earnings.. Total stockholders' equity. 6,180,000 5,375,000 $6,375,000 $7,180,000 Total liabilities and stockholders' equity. $9,780,000 $8,755,000 Instructions etermine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts:

Stargel Inc. Comparative Income Statement the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Υ1 Sales $10,000,000 $9,400,000 Cost of goods sold.. Gross profit Selling expenses Administrative expenses. 5,350,000 4,950,000 $ 4,650,000 $ 2,000,000 $4,450,000 $1,880,000 Total operating expenses Income from operations 1,500,000 $ 3,500,000 $ 1,150,000 1,410,000 $3,290,000 $1,160,000 Other revenue 150,000 140,000 $ 1,300,000 $1,300,000 Other expense (interest) Income before income tax 170,000 150,000 $ 1,130,000 $1,150,000 Income tax expense... 230,000 225,000 Net income $ 900,000 $ 925,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Assets Current assets: Cash $ 500,000 $ 400,000 Marketable securities.. Accounts receivable (net). 1,010,000 1,000,000 740,000 510,000 Inventories 1,190,000 950,000 Prepaid expenses 250,000 229,000 $3,089,000 Total current assets.. $3,690,000 Long-term investments. Property, plant, and equipment (net) Total assets 2,350,000 2,300,000 3,740,000 3,366,000 $8,755,000 $9,780,000 Liabilities Current liabilities.. $ 900,000 $ 880,000 Long-term liabilities: Mortgage note payable, 10%. Bonds payable, 10%... Total long-term liabilities Total liabilities $ 200,000 %24 1,500,000 1,500,000 $1,700,000 $2,600,000 $1,500,000 $2,380,000 Stockholders' Equity Preferred $0.90 stock, $10 par Common stock, $5 par. $ 500,000 $ 500,000 500,000 500,000 Retained earnings.. Total stockholders' equity. 6,180,000 5,375,000 $6,375,000 $7,180,000 Total liabilities and stockholders' equity. $9,780,000 $8,755,000 Instructions etermine the following measures for 20Y2, rounding to one decimal place including percentages, except for per-share amounts:

Accounting (Text Only)
Accounting (Text Only)
26th Edition
ISBN:9781285743615
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 17.17EX: Profitability ratios The following selected data were taken from the financial statements of...
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I uploaded pictures for problem 17-4B.

I am trying to figure out the 

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

13. Return on Stockholders Equity

14. Return on Common Stockhholders Equity 

15. Earnings per share on Common stock

16. Price Earnings Ratio

17. Dividends per share of Common Stock

18. Dividend yield
PR 17-4B Measures of liquidity, solvency and profitability The comparative financial statements of Stargel Inc are as follows. The market price of Stargel common stock was $119.70 on December 31, 20Y2. Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $5,375,000 $4,545,000 Net income 925,000 Total... $6,275,000 $5,470,000 Dividends: Preferred stock dividends $ 45,000 Common stock dividends Total dividends Retained earnings, December 31 $6,180,000 $5,375,000
Transcribed Image Text:PR 17-4B Measures of liquidity, solvency and profitability The comparative financial statements of Stargel Inc are as follows. The market price of Stargel common stock was $119.70 on December 31, 20Y2. Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $5,375,000 $4,545,000 Net income 925,000 Total... $6,275,000 $5,470,000 Dividends: Preferred stock dividends $ 45,000 Common stock dividends Total dividends Retained earnings, December 31 $6,180,000 $5,375,000
percentages, except for per-share amounts: 877 Stargel Inc. Comparative Income Statement ar the Years Ended December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Sales $10,000,000 $9,400,000 Cost of goods sold.. Gross profit. 5,350,000 $ 4,650,000 $ 2,000,000 4,950,000 $4,450,000 Selling expenses Administrative expenses. $1,880,000 1,500,000 1,410,000 Total operating expenses Income from operations Other revenue... $ 3,500,000 $ 1,150,000 $3,290,000 $1,160,000 150,000 140,000 $ 1,300,000 $1,300,000 Other expense (interest) Income before income tax 170,000 150,000 $1,150,000 $ 1,130,000 Income tax expense. 230,000 225,000 Net income $ 9.00,000 $ 925,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Assets Current assets: Cash $ 500,000 $ 400,000 Marketable securities. 1,010,000 1,000,000 Accounts receivable (net). 740,000 510,000 Inventories 1,190,000 950,000 Prepaid expenses Total current assets.. 250,000 229,000 $3,690,000 $3,089,000 Long-term investments.. Property, plant, and equipment (net) 2,350,000 2,300,000 3,740,000 3,366,000 Total assets $9,780,000 $8,755,000 Liabilities Current liabilities. $ 900,000 $ 880,000 Long-term liabilities: Mortgage note payable, 10%. Bonds payable, 10%.. Total long-term liabilities Total liabilities $ 200,000 $ 01 1,500,000 1,500,000 $1,700,000 $1,500,000 $2,600,000 $2,380,000 Stockholders' Equity Preferred $0.90 stock, $10 par... Common stock, $5 par. Retained earnings.. $ 500,000 $ 500,000 500,000 500,000 6,180,000 5,375,000 Total stockholders' equity $7,180,000 $6,375,000 Total liabilities and stockholders' equity. $9,780,000 $8,755,000 Instructions Determine the following measures for 20Y2, rounding to one decimal place including
Transcribed Image Text:percentages, except for per-share amounts: 877 Stargel Inc. Comparative Income Statement ar the Years Ended December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Sales $10,000,000 $9,400,000 Cost of goods sold.. Gross profit. 5,350,000 $ 4,650,000 $ 2,000,000 4,950,000 $4,450,000 Selling expenses Administrative expenses. $1,880,000 1,500,000 1,410,000 Total operating expenses Income from operations Other revenue... $ 3,500,000 $ 1,150,000 $3,290,000 $1,160,000 150,000 140,000 $ 1,300,000 $1,300,000 Other expense (interest) Income before income tax 170,000 150,000 $1,150,000 $ 1,130,000 Income tax expense. 230,000 225,000 Net income $ 9.00,000 $ 925,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Assets Current assets: Cash $ 500,000 $ 400,000 Marketable securities. 1,010,000 1,000,000 Accounts receivable (net). 740,000 510,000 Inventories 1,190,000 950,000 Prepaid expenses Total current assets.. 250,000 229,000 $3,690,000 $3,089,000 Long-term investments.. Property, plant, and equipment (net) 2,350,000 2,300,000 3,740,000 3,366,000 Total assets $9,780,000 $8,755,000 Liabilities Current liabilities. $ 900,000 $ 880,000 Long-term liabilities: Mortgage note payable, 10%. Bonds payable, 10%.. Total long-term liabilities Total liabilities $ 200,000 $ 01 1,500,000 1,500,000 $1,700,000 $1,500,000 $2,600,000 $2,380,000 Stockholders' Equity Preferred $0.90 stock, $10 par... Common stock, $5 par. Retained earnings.. $ 500,000 $ 500,000 500,000 500,000 6,180,000 5,375,000 Total stockholders' equity $7,180,000 $6,375,000 Total liabilities and stockholders' equity. $9,780,000 $8,755,000 Instructions Determine the following measures for 20Y2, rounding to one decimal place including
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