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(solution) Problem 9-4 Name: Section: Score: 92% Key Code: 2


Can anyone help me finish problem 17 and 19 attached below 


Problem 9-4

 

Name:

 

Section:

 

Score: 92% Key Code: 2 Instructions

 

Answers are entered in the cells with gray backgrounds.

 

Cells with non-gray backgrounds are protected and cannot be edited.

 

A red asterisk (*) will appear in the row immediately beneath an incorrect answer. 1. $965,000 Working capital: Ratio Numerator ÷ Denominator $200,000 = $765,000

 

Calculated

 

Value 2. Current ratio $ 965,000 ÷ $ 200,000 = 4.8 3. Quick ratio $ 615,000 ÷ $ 200,000 = 3.1 4. Accounts receivable turnover $ 1,925,000 ÷ $ 175,000 = 11.0 5. Number of days' sales in receivables $ 175,000 ÷ $ 5,274 = 33.2 6. Inventory turnover $ 780,000 ÷ $ 280,000 = 2.8 7. Number of days' sales in inventory $ 280,000 ÷ $ 2,137 = 131.0 8. Ratio of fixed assets to long-term liabilities $ 1,135,000 ÷ $ 1,250,000 = 0.9 9. Ratio of liabilities to stockholders' equity $ 1,450,000 ÷ $ 1,050,000 = 1.4 10. Number of times interest charges earned $ 570,000 ÷ $ 115,000 = 5.0 11. Number of times preferred dividends earned $ 364,000 ÷ $ 5,000 = 72.8 12. Ratio of net sales to assets $ 1,925,000 ÷ $ 1,950,000 = 1.0 13. Rate earned on total assets $ 479,000 ÷ $ 2,200,000 = 21.8% 14. Rate earned on stockholders' equity $ 364,000 ÷ $ 890,500 = 40.9% 15. Rate earned on common stockholders' equity $ 359,000 ÷ $ 790,500 = 45.4% 16. Earnings per share on common stock $ 359,000 ÷ 50,000 = $7.18 17. Price-earnings ratio 18. Dividends per share of common stock $ 40,000 ÷ 19. Dividend yield $ 0.80 ÷ ÷ =

 

50,000 =

 

= $0.80

 


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DATE ANSWERED

Sep 13, 2020

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