Question : 184. A company’s calendar-year financial data shown below. The company had : 1257762

 

184. A company’s calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares of common stock were issued during the year. The December 31 market price per shareis $49.50. Cash dividends of $19,500 were paid during the year. Calculate the following ratios for the company:(a) profit margin ratio(b) gross margin ratio(c) return on total assets(d) return on common stockholders’ equity(e) book value per common share(f) basic earnings per share(g) price earnings ratio(h) dividend yield.

Net sales…………………….

$650,000

Cost of goods sold……………….

422,500

Gross profit…………………..

$227,500

Operating expenses………………

140,500

Operating income……………….

$  87,000

Interest expense………………..

    9,100

Income before taxes……………..

$  77,900

Income taxes………………….

  23,400

Net income…………………..

$  54,500

 

 

 

Ending

 

Balances

Cash……………………….

$   19,500

Accounts receivable (net)…………..

65,000

Inventory…………………….

71,500

Plant assets (net)……………….

  195,000

Total assets…………………..

$351,000

 

 

Current liabilities……………….

$  74,100

Long-term notes payable…………..

97,500

Common stock, $5 par value…………

65,000

Retained earnings……………….

  114,400

Total liabilities and equity…………..

$351,000

 

 

 

185. A company’s calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares of common stock were issued during the year. The December 31 market price per share is $49.50. Cash dividends of $19,500 were paid during the year. Calculate the following ratios for the company:(a) debt ratio(b) equity ratio(c) debt-to-equity ratio(d) times interest earned(e) total asset turnover

Net sales…………………….

$650,000

Cost of goods sold……………….

422,500

Gross profit…………………..

$227,500

Operating expenses………………

140,500

Operating income……………….

$  87,000

Interest expense………………..

    9,100

Income before taxes……………..

$  77,900

Income taxes………………….

  23,400

Net income…………………..

$  54,500

 

 

 

Ending

 

Balances

Cash……………………….

$   19,500

Accounts receivable (net)…………..

65,000

Inventory…………………….

71,500

Plant assets (net)……………….

  195,000

Total assets…………………..

$351,000

 

 

Current liabilities……………….

$  74,100

Long-term notes payable…………..

97,500

Common stock, $5 par value…………

65,000

Retained earnings……………….

  114,400

Total liabilities and equity…………..

$351,000

 

 

 

 

 

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