Using the financial statements for the Jackson Corporation, calculate the 13 basic ratios found in the chapter. Jackson Corporation Balance Sheet December 31, 20x1 "Includes $42,700 in lease payments. Using the above financial statements for the Jackson Corporation, calculate the following ratios. a. Profitability ratios. Note: Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places. $ 58,400 21,700 166,000 233,000 $479,100 64,600 Profit margin Return on assets (investment) Return on equity $ 654,000 224,000 430,000 $ 973,700 Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventory Total current assets Investments Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Preferred stock, $ 50 par value Common stock, $ 1 par value Capital paid in excess of par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity JACKSON CORPORATION Income Statement For the Year Ending December 31, 20x1 Sales (on credit) Cost of goods sold Gross profit Selling and administrative expenses Earnings before taxes (EBT) Taxes Operating profit (EBIT) Interest expense Earnings after taxes (EAT) $ 2,106,000 1,371,000 $735,000 561,000* $ 174,000 33,900 $ 140,100 83,300 $ 56,800 Profitability Ratios % % % $ 96,400 74,900 19,400 $ 190,700 156,900 $ 347,600 $ 100,000 80,000 190,000 256,100 $ 626,100 b. Assets utilization ratios. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Receivable turnover Average collection period Fixed asset turnover Total asset turnover Inventory turnover Assets Utilization Ratios times days times times times $ 973,700 c. Liquidity ratios. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Current ratio Quick ratio Liquidity Ratios times times d. Debt utilization ratios. Note: Do not round intermediate calculations. Input your debt to total assets answer as a percent rounded to 2 decimal places. Round your other answers to 2 decimal places. Debt to total assets Times interest earned Fixed charge coverage Debt Utilization Ratios times times

Using the financial statements for the Jackson Corporation, calculate the 13 basic ratios found in the chapter. Jackson Corporation Balance Sheet December 31, 20x1 "Includes $42,700 in lease payments. Using the above financial statements for the Jackson Corporation, calculate the following ratios. a. Profitability ratios. Note: Do not round intermediate calculations. Input your answers as a percent rounded to 2 decimal places. $ 58,400 21,700 166,000 233,000 $479,100 64,600 Profit margin Return on assets (investment) Return on equity $ 654,000 224,000 430,000 $ 973,700 Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventory Total current assets Investments Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Preferred stock, $ 50 par value Common stock, $ 1 par value Capital paid in excess of par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity JACKSON CORPORATION Income Statement For the Year Ending December 31, 20x1 Sales (on credit) Cost of goods sold Gross profit Selling and administrative expenses Earnings before taxes (EBT) Taxes Operating profit (EBIT) Interest expense Earnings after taxes (EAT) $ 2,106,000 1,371,000 $735,000 561,000* $ 174,000 33,900 $ 140,100 83,300 $ 56,800 Profitability Ratios % % % $ 96,400 74,900 19,400 $ 190,700 156,900 $ 347,600 $ 100,000 80,000 190,000 256,100 $ 626,100 b. Assets utilization ratios. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Receivable turnover Average collection period Fixed asset turnover Total asset turnover Inventory turnover Assets Utilization Ratios times days times times times $ 973,700 c. Liquidity ratios. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. Current ratio Quick ratio Liquidity Ratios times times d. Debt utilization ratios. Note: Do not round intermediate calculations. Input your debt to total assets answer as a percent rounded to 2 decimal places. Round your other answers to 2 decimal places. Debt to total assets Times interest earned Fixed charge coverage Debt Utilization Ratios times times

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section17.4: Analyzing Financial Statements Using Financial Ratios

Problem 1WT

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