The comparative financial statements for Prince Company are below: ...

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Accounting

The comparative financial statements for Prince Company are below:

Year 2 Year 1
Income statement:
Sales revenue $ 202,000 $ 170,000
Cost of goods sold 115,000 101,200
Gross profit 87,000 68,800
Operating expenses and interest expense 57,200 53,600
Pretax income 29,800 15,200
Income tax 9,200 4,600
Net income $ 20,600 $ 10,600
Balance sheet:
Cash $ 5,200 $ 7,600
Accounts receivable (net) 14,600 18,600
Inventory 41,200 34,600
Property and equipment (net) 46,800 39,200
Total assets $ 107,800 $ 100,000
Current liabilities (no interest) $ 16,600 $ 18,200
Long-term liabilities (10% interest) 45,600 45,600
Common stock ($5 par value, 6,240 shares outstanding)) 31,200 30,600
Retained earnings 14,400 5,600
Total liabilities and stockholders' equity $ 107,800 $ 100,000

Assume that the stock price per share is $34 and that dividends in the amount of $6.50 per share were paid during Year 2. Compute the following ratios: (Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

Ratios: Earnings per share, Current ratio, Quick ratio, P/E ratio, Dividend yield ratio.

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