The financial statements of Kingbird Company appear below: KINGBIRD COMPANY Comparative Balance Sheet December 31, Assets 2020 2019 Cash $23,000 $47,000 Short-term investments 24,500 66,000 Accounts receivable (net) 40,300 31,400 Inventory 61,600 70,200 Property, plant and equipment (net) 260,000 310,000 Total assets $409,400 $524,600 Liabilities and stockholders' equity Accounts payable $15,300 $31,300 Short-term notes payable 40,000 93,000 Bonds payable 81,000 162,000 Common stock 150,000 150,000 Retained earnings 123,100 88,300 Total liabilities and stockholders' equity $409,400 $524,600
The financial statements of Kingbird Company appear below: KINGBIRD COMPANY Comparative Balance Sheet December 31, Assets 2020 2019 Cash $23,000 $47,000 Short-term investments 24,500 66,000 Accounts receivable (net) 40,300 31,400 Inventory 61,600 70,200 Property, plant and equipment (net) 260,000 310,000 Total assets $409,400 $524,600 Liabilities and stockholders' equity Accounts payable $15,300 $31,300 Short-term notes payable 40,000 93,000 Bonds payable 81,000 162,000 Common stock 150,000 150,000 Retained earnings 123,100 88,300 Total liabilities and stockholders' equity $409,400 $524,600
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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Solution gives as:
1- Current ratio ? :1
2- Return on common stockholders equity ? %
3- Price Earnings Ratio ? Times
4- Accounts receivable turnover ? Times
5- Times interest earned ? Times
6- Profit Margin ? %
7- Days in inventory ? Days
8- Payout Ratio ? %
9- Return on Assets ? %
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