Measures of liquidity, Solvency and Profitability
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 68 on December 31, 20Y2.
Marshall Inc. |
||||||
Comparative Retained Earnings Statement |
||||||
For the Years Ended December 31, 20Y2 and 20Y1 |
||||||
20Y2 |
20Y1 |
|||||
Retained earnings, January 1 |
$ 1,407,900 |
$ 1,190,000 |
||||
Net income |
330,000 |
243,700 |
||||
Total |
$ 1,737,900 |
$ 1,433,700 |
||||
Dividends |
||||||
On preferred stock |
$ 10,500 |
$ 10,500 |
||||
On common stock |
15,300 |
15,300 |
||||
Total dividends |
$ 25,800 |
$ 25,800 |
||||
Retained earnings, December 31 |
$ 1,712,100 |
$ 1,407,900 |
||||
Marshall Inc. |
||||
Comparative Income Statement |
||||
For the Years Ended December 31, 20Y2 and 20Y1 |
||||
20Y2 |
20Y1 |
|||
Sales |
$ 2,107,875 |
$ 1,942,050 |
||
Cost of goods sold |
715,400 |
658,170 |
||
Gross profit |
$ 1,392,475 |
$ 1,283,880 |
||
Selling expenses |
$ 477,480 |
$ 592,690 |
||
Administrative expenses |
406,745 |
348,090 |
||
Total operating expenses |
884,225 |
940,780 |
||
Income from operations |
$ 508,250 |
$ 343,100 |
||
Other income |
26,750 |
21,900 |
||
$ 535,000 |
$ 365,000 |
|||
Other expense (interest) |
160,000 |
88,000 |
||
Income before income tax |
$ 375,000 |
$ 277,000 |
||
Income tax expense |
45,000 |
33,300 |
||
Net income |
$ 330,000 |
$ 243,700 |
Marshall Inc. |
|||||||
Comparative Balance Sheet |
|||||||
December 31, 20Y2 and 20Y1 |
|||||||
Dec. 31, 20Y2 |
Dec. 31, 20Y1 |
||||||
Assets |
|||||||
Current assets |
|||||||
Cash |
$ 441,480 |
$ 339,860 |
|||||
Marketable securities |
668,190 |
563,210 |
|||||
Accounts receivable (net) |
394,200 |
372,300 |
|||||
Inventories |
292,000 |
219,000 |
|||||
Prepaid expenses |
83,522 |
67,970 |
|||||
Total current assets |
$ 1,879,392 |
$ 1,562,340 |
|||||
Long-term investments |
860,018 |
268,250 |
|||||
Property, plant, and equipment (net) |
2,200,000 |
1,980,000 |
|||||
Total assets |
$ 4,939,410 |
$ 3,810,590 |
|||||
Liabilities |
|||||||
Current liabilities |
$ 587,310 |
$ 662,690 |
|||||
Long-term liabilities |
|||||||
Mortgage note payable, 8 % |
$ 900,000 |
$ 0 |
|||||
Bonds payable, 8 % |
1,100,000 |
1,100,000 |
|||||
Total long-term liabilities |
$ 2,000,000 |
$ 1,100,000 |
|||||
Total liabilities |
$ 2,587,310 |
$ 1,762,690 |
|||||
Stockholders' Equity |
|||||||
Preferred $ 0.70 stock, $ 20 par |
$ 300,000 |
$ 300,000 |
|||||
Common stock, $ 10 par |
340,000 |
340,000 |
|||||
Retained earnings |
1,712,100 |
1,407,900 |
|||||
Total stockholders' equity |
$ 2,352,100 |
$ 2,047,900 |
|||||
Total liabilities and stockholders' equity |
$ 4,939,410 |
$ 3,810,590 |
Required:
Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year.
9. Ratio of liabilities to stockholders' equity |
||
10. Times interest earned |
||
11. Asset turnover |
||
12. Return on total assets |
% |
|
13. Return on stockholders’ equity |
% |
|
14. Return on common stockholders’ equity |
% |
|
15. Earnings per share on common stock |
$ |
|
16. Price-earnings ratio |
||
17. Dividends per share of common stock |
$ |
|
18. Dividend yield |
% |
According to the HOMEWORKLIB RULES we can answer first 4 questions but i solved around 8. If
you want another to be answered plz post as another question. If
you have any query ask in comment section. If you like the answer
plz rate. Thanks
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 68 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 1,407,900 $ 1,190,000 Net income 330,000 243,700 Total $ 1,737,900 $ 1,433,700 Dividends On preferred stock $ 10,500 $ 10,500 On common stock 15,300 15,300 Total dividends $ 25,800...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 68 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 20Y1 Retained earnings, January 1 $ 1,190,000 $ 1,407,900 330,000 Net income 243,700 Total $ 1,737,900 $ 1,433,700 Dividends $ 10,500 $ 10,500 15,300 15,300 On preferred stock On common stock Total dividends...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 68 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 20Y1 Retained earnings, January 1 $ 1,190,000 $ 1,407,900 330,000 Net income 243,700 Total $ 1,737,900 $ 1,433,700 Dividends $ 10,500 $ 10,500 15,300 15,300 On preferred stock On common stock Total dividends...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 58 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $1,802,125 $1,537,175 Net income 425,600 314,800 Total $2,227,725 $1,851,975 Dividends: On preferred stock $13,300 $13,300 On common stock 36,550 36,550 Total dividends $49,850 $49,850 Retained earnings, December 31 $2,177,875...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 58 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $1,802,125 $1,537,175 Net income 425,600 314,800 Total $2,227,725 $1,851,975 Dividends: On preferred stock $13,300 $13,300 On common stock 36,550 36,550 Total dividends $49,850 $49,850 Retained earnings, December 31 $2,177,875...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 58 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $1,802,125 $1,537,175 Net income 425,600 314,800 Total $2,227,725 $1,851,975 Dividends: On preferred stock $13,300 $13,300 On common stock 36,550 36,550 Total dividends $49,850 $49,850 Retained earnings, December 31 $2,177,875...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 71 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 2,461,325 $ 2,069,975 Net income 570,000 424,000 Total $ 2,966,025 $ 2,493,975 Dividends On preferred stock $ 7,000 $ 7,000 On common stock 25,650 25,650 Total dividends...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 64 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 1,265,700 $ 1,079,900 Net income 304,000 221,200 Total $ 1,498,900 $ 1,301,100 Dividends On preferred stock $ 9,800 $ 9,800 On common stock 25,600 25,600 Total dividends $ 35,400...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 55 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 1,935,800 $ 1,641,200 Net income 450,000 336,200 Total $ 2,385,800 $ 1,977,400 Dividends On preferred stock $ 14,000 $ 14,000 On common stock 27,600 27,600...
I have answered every question except for 5 and 12-15. I cannot
seem to get them right. Thank you.
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common stock was $ 68 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 20Y1 Retained earnings, January 1 $ 1,190,000 $ 1,407,900 330,000 Net income 243,700 Total...