Weaver Corporation's stock is selling for $16 per share. Weaver provided the...

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Accounting

Weaver Corporation's stock is selling for $16 per share. Weaver provided the following financial statements. Use these statements to prepare comprehensive ratio analysis tables similar to those illustrated in the chapter.
WEAVER CORPORATION
Comparative Balance Sheet
December 31, 20X3 and 20X2
Assets 20X3 20X2
Current assets
Cash $ 500,000 $ 370,000
Accounts receivable 350,000 290,000
Inventories 90,000 110,000
Total current assets $ 940,000 $ 770,000
Property, plant, & equipment
Land $ 200,000 $ 200,000
Building 650,000 650,000
Equipment 950,000 900,000
$ 1,800,000 $ 1,750,000
Less: Accumulated depreciation (365,000) (325,000)
Total property, plant, & equipment $ 1,435,000 $ 1,425,000
Total assets $ 2,375,000 $ 2,195,000
Liabilities
Current liabilities
Accounts payable $ 160,000 $ 200,000
Interest payable 40,000 30,000
Total current liabilities $ 200,000 $ 230,000
Long-term liabilities
Long-term note payable 800,000 700,000
Total liabilities $ 1,000,000 $ 930,000
Stockholders' equity
Common stock ($0.50 par) $ 100,000 $ 100,000
Paid-in capital in excess of par 655,000 655,000
Retained earnings 620,000 510,000
Total stockholders' equity $ 1,375,000 $ 1,265,000
Total liabilities and equity $ 2,375,000 $ 2,195,000
WEAVER CORPORATION
Statement of Retained Earnings
For the Year Ending December 31, 20X3
Beginning retained earnings, January 1 $ 510,000
Plus: Net income 160,000
$ 670,000
Less: Dividends 50,000
Ending retained earnings, December 31 $ 620,000
WEAVER CORPORATION
Income Statement
For the year ending December 31, 20X3
Revenues $ 1,685,000
Cost of goods sold 980,000
Gross profit $ 705,000
Operating expenses
Salaries $ 245,000
Interest 65,000
Depreciation 40,000
Other operating expenses 155,000 505,000
Income before income taxes $ 200,000
Less: Income taxes 40,000
Net income $ 160,000

Current Ratio 4.70
Current Assets Current Liabilities $940,000 $200,000
Quick Ratio
Debt to Total Assets Ratio
Debt to Total Equity Ratio
Times Interest Earned Ratio
Accounts Receivable Turnover Ratio
Inventory Turnover Ratio
Net Profit on Sales
Gross Profit Margin
Return on Assets
Return on Equity
EPS
P/E
Dividend Rate/Yield
Dividend Payout Ratio
Book Value Per Share

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