Homework Answers
1. Profit Margin : Net Income/Sales * 100 2020 2019 (Amt in $)
93,000/746,000 *100 = 12.47% 68,000/606,000 *100 = 11.22%
2. Gross Profit Rate : Net Sales - COGS/100 274,,000/746,000 *100 = 36.73% 219,000/606000 * 100 =36.14%
3. Assets Turnover Ratio =( Net Sales / Average Assets) 746,000/676,500 *100 =1.10 times 606,000/580,500 =1.04 times
Average Assets =( Opening Assets + Closing Asset) / 2 (739,000+614,000)/2 ( 614,000+547,000)/2
= 676,500 =580,500
4. EPS = Net Income / No of shares 93,000/32,600 =$ 2.85 68,000/31,600=$ 2.15
5 Price Earning Ratio = MPS / EPS 8.50/2.85 = 2.98 times 7.50/2.15 = 3.49 times
6. Pay Out Ratio : DPS/EPS *100 1.32/2.85=46.32% 1,77/2.15 *100 = 82.33%
DPS = Total Dividend/ No of Shares 43,000/32,600 =$ 1.32 56,000/31,600 =$ 1.77
Total Dividend = Opening Retained earning + Current Year net Earning - Closing Retained Earning
For 2020 = 126,000+93,000-176,000 = 43,000
For 2019 = 114,000+68,000-126,000 = 56,000
7. Debts to Assets Ratio = 151,000/ 739,000 *100= 20.43% 91,000/614,000 *100=14.82%
(Short term Debt + Long Term Debt ) / Total Assets *100
Note : 1. There in No short Term debt, so considered nil in calculating Debts to assets ratio.
2. COGS : Cost of Goods Sold
3. No. of Share = Total Common Stock / Par Value of Share
For 2020 = 326,000/10 = 32,600
For 2019 = 316,000/10 = 31,600
4. EPS : Earning Per Share
5. DPS : Dividend Per Share,
6. MPS: Market Price Per Share ( Already Given)
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