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  3. problem 3 the condensed balance sheet and income s

Problem 3 The condensed balance sheet and income statement data for Finch Corporation are presented...

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Accounting

image Problem 3 The condensed balance sheet and income statement data for Finch Corporation are presented below. FINCH CORPORATION Additional information: 1. The market price of Finch common stock was $5.00,$3.50, and $2.80 for 2012 , 2013, and 2014, respectively. 2. You must compute dividends paid. All dividends were paid in cash. Instructions (a) Compute the following ratios for 2013 and 2014. (1) Profit margin. (5) Price-earnings. (2) Gross profit rate. (6) Payout. (3) Asset turnover. (7) Debt to assets. (4) Earnings per share. (b) Based on the ratios calculated, discuss briefly the improvement or lack thereof in the financial position and operating results from 2013 to 2014 of Finch Corporation

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