The Statement of Financial Position of Boomer Corporation as at December 31, 2020 is presented...
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Accounting
The Statement of Financial Position of Boomer Corporation as at December 31, 2020 is presented in table below Assets Cash Short-term investments Accounts receivable Merchandise inventory 1 Prepaid expenses Plant and equipment Total assets $18,500 20,400 43,400 49,200 13,600 272,100 417,200 Liabilities and Shareholders' Equity Accounts payable Accrued wages payable Income taxes payable Notes payable (due October 30, 2025) Total Liabilities 40,700 5,200 5,800 95.000 146.700 Common shares 140,000 Retained earnings 130.500 Total Shareholders' Equity 270.500 Total liabilities and Shareholders' Equity 417.200 Additional information (all income statement information is listed below): 1. As at December 31, 2019, Boomer's Liabilities totaled $132,200, Common Shares were $138,000 and Retained Eamings were $107,800. 2. 2020 Revenue was $951,000 and Cost of Goods Sold was $369,000. Interest Expense for 2020 was $5,800. Income before Income Tax for 2020 was $60,000, and Income Tax Rate for 2020 was 25%. 3. Pointet price per share of common stock at December 31, 2020 was $9.63 and the number of common shares outstanding at December 31, 2020 was 89,200. quired: ag the data relating to Boomer Corporation, calculate alations clearly for namh 1: Liabilities and Shareholders' Equity Accounts payable Accrued wages payable Income taxes payable Notes payable (due October 30, 2025) Total Liabilities 40,700 5,200 5,800 95.000 146.700 140,000 130.500 270.500 417,200 Common shares Retained eamings Total Shareholders' Equity Total liabilities and Shareholders' Equity Additional information (all income statement information is listed below): 1. As at December 31, 2019, Boomer's Liabilities totaled $132,200, Common Shares were $138,000 and Retained Earnings were $107,800. 2. 2020 Revenue was $951,000 and Cost of Goods Sold was $369,000. Interest Expense for 2020 was $5,800. Income before Income Tax for 2020 was $60,000, and Income Tax Rate for 2020 was 25%. 3. Pointet price per share of common stock at December 31, 2020 was 89.63 and the number of common shares outstanding at December 31, 2020 was 89,200. Required: Using the data relating to Boomer Corporation, calculate the 2020 financial ratios listed. Show all your calculations clearly for numbers not given (description not required and no need to type the formula of the ratios). Indicate Return on Total Assets, Gros Profit Margin, and Dividend Yield as percentages. Round all calculations (intermediate and final) to two decimal places; for examples: 9.26 and 4.26%. 1. Retum on Total Assets (4 points) 2 Gross Profit Margin (2 points) 3. Current Ratio (4 points) 4. Debt to Total Asset (1 point) 5. Time Interest Earned Ratio (2 points) 6. Dividend Yield (3 points)


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