60.1K

Verified Solution

Link Copied!

I can't get the hang of this question on ratio analysis! Financial accounting

Question 10 Ratio analysis Required: Calculate all of the above ratios for the data below and comment on your results. 2019 2018 2017 89000 65000 58000 120000 10000 130000 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation - buildings Equipment Accumulated depreciation - equipment Total Liabilities and Shareholders' Equity Accounts payable Bonds Payable Common stock (no par, 10,000 shares in 2016 and 12000 shares in 2017) Preferred Stock (4%, 100 par, cumulative, 2000 shares) Retained earnings Total 42000 100000 7000 165000 215000 -60000 225000 -45000 738000 55000 58000 120,000 9,000 130,000 180,000 -10,000 130,000 -25,000 647,000 200000 -30000 145000 -35000 663000 53000 280000 36000 300000 61,540 400,000 131,000 180000 131000 20,000 20000 205000 738000 20000 176000 663000 34,460 647,000 2019 Income Statement Sales Cost of goods sold 600,000 240,000 2018 557.000 211,660 2019 Income Statement Sales Cost of goods sold Gross profit Operating expenses Interest expense Tax expense Net income 600,000 240,000 360,000 304,200 14,000 7,000 34,800 2018 557,000 211,660 345,340 154,000 15,000 30,000 146,340 2018 Additional information Common Dividend paid Preferred dividends paid Stock price per share - common Cash from Operating activities 2019 5000 800 18 130,800 4000 800 20 154,000 Question 10 Ratio analysis Required: Calculate all of the above ratios for the data below and comment on your results. 2019 2018 2017 89000 65000 58000 120000 10000 130000 Assets Cash Accounts receivable Inventory Prepaid expenses Land Buildings Accumulated depreciation - buildings Equipment Accumulated depreciation - equipment Total Liabilities and Shareholders' Equity Accounts payable Bonds Payable Common stock (no par, 10,000 shares in 2016 and 12000 shares in 2017) Preferred Stock (4%, 100 par, cumulative, 2000 shares) Retained earnings Total 42000 100000 7000 165000 215000 -60000 225000 -45000 738000 55000 58000 120,000 9,000 130,000 180,000 -10,000 130,000 -25,000 647,000 200000 -30000 145000 -35000 663000 53000 280000 36000 300000 61,540 400,000 131,000 180000 131000 20,000 20000 205000 738000 20000 176000 663000 34,460 647,000 2019 Income Statement Sales Cost of goods sold 600,000 240,000 2018 557.000 211,660 2019 Income Statement Sales Cost of goods sold Gross profit Operating expenses Interest expense Tax expense Net income 600,000 240,000 360,000 304,200 14,000 7,000 34,800 2018 557,000 211,660 345,340 154,000 15,000 30,000 146,340 2018 Additional information Common Dividend paid Preferred dividends paid Stock price per share - common Cash from Operating activities 2019 5000 800 18 130,800 4000 800 20 154,000

Answer & Explanation Solved by verified expert

See Answer