Question

Question 2 Not complete Mark .DU DULUI 1.00 Ratios Compared with Industry Averages Packard Plastics, Inc., manufactures various plastic and synthetic products, Financial statement data for the firm f 2013 (Thousands of Dollars, Except Earnings per Share) Sales revenue $978,000 Cost of goods sold 648,000 Net income 60,600 Dividends 16,800 Earnings per share 4.04 Packard Plastics, inc. Balance Sheets (Thousands of Dollars) Dec 31, 2013 Dec 31, 2012 Assets Cash Accounts receivable (net) Inventory Total Current Assets Plant assets (net) Other assets $4,920 80,280 177,600 219,000 215,000 5,300 $2,700 60.900 140,000 203,600 194,000 3,900

Answer 1

PAUL solution year 2013 & cluiche Ratis = Current Assets - Inventories Current liabilities Here, Currents assets a 219000 Iuveutisies z $ 177600 Current liasilines= $.83700 : Cluick Ratio = 219000 -17760 8.3 70 2 41400 . 0.4946 8370 (& Current Ratio = Current Asset Current has & $ 219000 ___ 40616 8370 3) Accounts Receivable Tuenover: e Sales Average Accoute Receivable here sales e $ 978no Average Accounts receivable of pening All Receivable & clony Alpec. 1. = 66900 + 80200 141180 2 = 70590

Alc Receivable Turnover $97800 $ 70590 z 13.85 times Inwentory Turnover Ratio a - Sales Average Inventory Average Inventory = opening Inventory & closily In 140000 + 177600 Tuvendry tumover Rate - MAQOLAD63 98w - 15880 a 6.16 times Debt to Equity Reitio = dest Total lias, luto me quity Total Equity 2 z 23370 e 1437 times da few 6) Gross Projeto Percutoyez G'R x les Sales 970w » Gobele lat 6.196t. Cross Profit & Sales - Cost of Goods sold = 97800 - 64000 a 33orro

7 Cross profit percentagez 330000 y no 9800 2. 33.74% Retuen on sules & Net Income a no - Net sales J e Gofw = 6.196%. Эмо Return on anets a Net Income = 6obe x 160 1617 Average total assets 42040 Average tu tol Assete openep Assetu + clony Aarit -8 e 60156 + 43930 a groho A = 420400 Dividend paid per phase calculation: b) N Todal dividend paid No. of shares. - = 1.344 Perslase (Jง Dividend payout hato a Dividend per share - Earning for share 1.344 ina 33.27 7. ५.०५

e share Divioleed Yield Ratio =. Dicidad per Marbet price pershast 2 1.344 x 10 a 2.70 % 49.75 Price Earring Ratio - Market Price per share Easning per share 49.75 z 12:31 Goo4 Chicke katero Or 4946 Cussent Ratio 2.616 Account Rec Rumors 13.85 tunek Inventory turn. Ratio 6-16 temes Debt to Excite Ratio 10137 Gross Phot Ratio 33-74%. Retuus on Sales 6.1967 Return on Assets 14.41% Dividend paid pershane 16344 Dividend payout Ratio 33.27% Price Earning Ratio 12.31 Dividend Yield 2070%