Homework Answers
5. Number of days sale in receivables = 365 / 5.6 = 65.2 days
6. Inventory Tunrover = Cost of Goods Sold / Average
Inventory
= $1606730 / 518300 = 3.1
Average Inventory = ($584000+452600)/2 = $518300
7. Number of days sale in inventory = 365 / 3.1 = 117.7 days
8. Ratio of fixed assets to long term liabilties = Total Fixed
Assets / Total Long term Liabilities
= $4200000 / 3500000 = 1.2
9. Ratio of liabilities to Stockholders Equity = Total
Liabilities / Total Stockholders Equity
= $4596975/5107750 = 0.9
10. Times interest earned = Income before interest and taxes /
Interest expense
= $1065500/280000 = 3.8
As per HOMEWORKLIB RULES, we are suppose to answer 4 parts, i have answered 6, so kindly post other questions separately
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eBook Calculator Print Item Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall...
eBook Calculator Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are...
eBook Calculator Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 68 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $3,605,800 817,600 $3,033,600 621,400 Net Income Dividends: On preferred stock (10,500) On common stock (10,500) (38,700) $4,374,200 (38,700) $3,605,800 Retained earnings, December 31 Marshall Inc. Comparative Income...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows....
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 $ 54 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $ 1,028,100 $ 870,100 Net income 224,000 178,200 Total $ 1,252,100 $ 1,048,300 $ 7.700 $ 7,700 Dividends On preferred stock On common stock Total dividends Retained earnings,...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows....
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 65 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 $3,187,400 760,000 Net income $2,691,000 551,200 $3,242,200 Total $3,947,400 Dividends: On preferred stock $11,900 $11,900 On common stock 42,900 42,900 $54,800 Total dividends $54,800 $3,892,600 Retained earnings, December 31...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows....
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. 2011 Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 2012 Retained earnings, January 1 $3,625,150 Net income 817,600 Total $4,442,750 $3,081,850 631,200 $3,713,050 Dividends: On preferred stock $10,500 77,400 $10,500 77,400 On common stock Total dividends $87,900 $87,900 $4,354,850 Retained earnings, December 31...
Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows....
Measures of liquidity, solvency, and profitability
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common stock was $82.60 on
December 31, 20Y2.
Determine the following measures for 20Y2. Round to one decimal
place, including percentages, except for per-share amounts, which
should be rounded to the nearest cent.
Working Capital
$
Current Ratio
Quick Ratio
Accounts receivable turnover
Number of days' sales in receivables
Inventory turnover
Number of days' sales in inventory
Ratio of...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows....
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 57 on December 31, 2072. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $3,584,925 Net Income 840,000 $3,033,475 621,300 $3,654,775 Total $4,424,925 Dividends: On preferred stock On common stock Total dividends $13,300 56,550 $69,850 $4,355,075 $13,300 56,550 $69,850 $3,584,925 Retained earnings, December...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows....
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 $ 61 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 20Y1 Retained earnings, January 1 $ 4,742,200 $ 3,985,500 Net income 816,300 1,095,200 $ 5,837,400 Total $ 4,801,800 $ 14,000 Dividends On preferred stock On common stock Total dividends $ 14,000 45,600 45,600...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common st Marshall Inc. Comparative R...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common st Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y1 20Y2 $3,069,350 $ 2,579,650 Retained earnings, January 1 720,000 528,400 Net income 3,789,350 $3,108,050 Total Dividends On preferred stock $9,100 $9,100 29,600 29,600 On common stock Total dividends 38,700 $38,700 Retained earnings, December 31 $ 3,750,650 $ 3,069,350 Marshall Inc....
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows....
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 62 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 20Y2 2011 Retained earnings, January 1 $1,569,900 $1,328,700 272,200 Net income 331,200 Dividends: On preferred stock On common stock (11,200) (19,800) (11,200) (19,800) $1,569,900 $1,870,100 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows....
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 56 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 $2,715,500 $2,304,500 Net income 630,000 472,000 Total $3,345,500 $2,776,500 Dividends: On preferred stock $9,800 $9,800 On common stock 51,200 51,200 Total dividends $61,000 $61,000 Retained earnings, December 31 $3,284,500...
eBook Calculator Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 68 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $3,605,800 817,600 $3,033,600 621,400 Net Income Dividends: On preferred stock (10,500) On common stock (10,500) (38,700) $4,374,200 (38,700) $3,605,800 Retained earnings, December 31 Marshall Inc. Comparative Income...
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 $ 54 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $ 1,028,100 $ 870,100 Net income 224,000 178,200 Total $ 1,252,100 $ 1,048,300 $ 7.700 $ 7,700 Dividends On preferred stock On common stock Total dividends Retained earnings,...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 65 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 $3,187,400 760,000 Net income $2,691,000 551,200 $3,242,200 Total $3,947,400 Dividends: On preferred stock $11,900 $11,900 On common stock 42,900 42,900 $54,800 Total dividends $54,800 $3,892,600 Retained earnings, December 31...
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. 2011 Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 2012 Retained earnings, January 1 $3,625,150 Net income 817,600 Total $4,442,750 $3,081,850 631,200 $3,713,050 Dividends: On preferred stock $10,500 77,400 $10,500 77,400 On common stock Total dividends $87,900 $87,900 $4,354,850 Retained earnings, December 31...
Measures of liquidity, solvency, and profitability
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common stock was $82.60 on
December 31, 20Y2.
Determine the following measures for 20Y2. Round to one decimal
place, including percentages, except for per-share amounts, which
should be rounded to the nearest cent.
Working Capital
$
Current Ratio
Quick Ratio
Accounts receivable turnover
Number of days' sales in receivables
Inventory turnover
Number of days' sales in inventory
Ratio of...
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 57 on December 31, 2072. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 2012 2011 Retained earnings, January 1 $3,584,925 Net Income 840,000 $3,033,475 621,300 $3,654,775 Total $4,424,925 Dividends: On preferred stock On common stock Total dividends $13,300 56,550 $69,850 $4,355,075 $13,300 56,550 $69,850 $3,584,925 Retained earnings, December...
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 $ 61 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 20Y2 20Y1 Retained earnings, January 1 $ 4,742,200 $ 3,985,500 Net income 816,300 1,095,200 $ 5,837,400 Total $ 4,801,800 $ 14,000 Dividends On preferred stock On common stock Total dividends $ 14,000 45,600 45,600...
Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Inc. common st Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y1 20Y2 $3,069,350 $ 2,579,650 Retained earnings, January 1 720,000 528,400 Net income 3,789,350 $3,108,050 Total Dividends On preferred stock $9,100 $9,100 29,600 29,600 On common stock Total dividends 38,700 $38,700 Retained earnings, December 31 $ 3,750,650 $ 3,069,350 Marshall Inc....
Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 62 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 20Y2 2011 Retained earnings, January 1 $1,569,900 $1,328,700 272,200 Net income 331,200 Dividends: On preferred stock On common stock (11,200) (19,800) (11,200) (19,800) $1,569,900 $1,870,100 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For...
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