## (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

Solution details:

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Sep 13, 2020

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