Question

Condensed balance sheet and income statement data for Jergan Corporation are presented here. Jergan Corporation Balance SheetJergan Corporation Income Statement For the Years Ended December 31 2020 2019 Sales revenue $741,000 $606,200 Less: Sales ret2019 2020 (1) Profit margin (2) Gross profit rate (3) Asset turnover times times (4) Earnings per share $ (5) Price-earnings

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Answer #1
Formula 2020 2019
Profit Margin Net Income/ Net sales
Net Income                     91,013.00                 57,660.00
Net Sales                  700,100.00              576,600.00
Profit Margin 91013/700100 13.00% 57660/576600 10.00%

2.  

Gross Profit Rate Gross Profit/ Net Sales 2020 2019
Gross Profit 273500 202100
Net Sales 700100 576600
Gross Profit Rate 273500/700100 39.07% 202100/576600 35.05%

3.  

Asset Turnover Net Sales/ Average Total Assets 2020 2019
Net Sales 700100 576600
Average Total Assets (370600+499800)/2 435200 (35870+370600)/2 544000
Asset Turnover Ratio                                1.61 (Times)           1.06 (Times)

4.  

Earning Per share (Net Income- Preferred Dividends)/ Weighted Avg Share Outstanding 2020 2019
Net Income 91013 57660
Weighted Avg Share Outstanding 315000 319000
Earning Per share 91013/315000                                0.29 57660/319000           0.18

5.  

Price Earning Ratio Price Per Share/ Earning Per share 2020 2019
Price Per Share 8.5 7.5
Earning Per share                               0.29                           0.18
Price Earning Ratio 8.5/0.29                             29.42 7.5/0.18         41.49

6.  

Payout ratio Dividend per share/ Earning per share
Calculation of Total Dividend
2020 2019 2018
Net Income                                       91,013.00                     57,660.00
Retained Earning                                    179,800.00                   112,100.00              112,100.00
Dividends                                       23,313.00                     57,660.00
(Op Retained Earning+Net Income-Closing Retained earning)
Total Dividend                                       23,313.00                     57,660.00
Total Shares                                    315,000.00                   319,000.00
Divided Per Share                                                 0.07                                0.18
Earning per share                                                 0.29                                0.18
Payout ratio (.07/.29) 25.62% (0.18/0.18) 100.00%

7.  

Debt to asset ratio Formula: Total liabilities/ Total Assets
2020 2019
Total liabilities 84900+145100                  230,000.00 80800+85700              166,500.00
Total Assets 724800 597600
Debt to asset ratio 230000/724800 31.73% 166500/597600 27.86%
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Answer #2
How to calculate dividends ?
source: Accounting
answered by: Cavin
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