BERNARD COMPANY Balance Sheets As of December 31 2012 2011 Assets Current assets
ID: 2376943 • Letter: B
Question
BERNARD COMPANY
Balance Sheets
As of December 31
2012 2011
Assets
Current assets
Cash $ 16,600 $ 12,600
Marketable securities 20,700 7,500
Accounts receivable (net) 55,000 46,200
Inventories 135,700 144,100
Prepaid items 26,600 10,700
Total current assets 254,600 221,100
Investments 28,000 21,200
Plant (net) 270,500 255,300
Land 30,200 25,800
Total assets $ 583,300 $ 523,400
Liabilities and Stockholders
Explanation / Answer
Earnings per share = (Net Income-Pred Div)/Avge common share outstanding
2011 : EPS = (36600 -1900)/9600 = $3.61
2012 : EPS = (36000 -1900)/9600 = $3.55
Book value per share of common stock
= (Stakeholder Equity-Pref Right)/Avge common sher aoutstanding
2012: BV per share = (306700-72000)/9600 = $24.45
2011: BV per share = (280700-72000)/9600 = $21.74
(market price per share: 2011, $13.10; 2012, $12.35)
Price-earnings ratio = Mkt price/EPS
2012: PE Ratio = 12.35/3.55 = 3.48
2011: PE Raio = 13.10/3.61 = 3.63
Dividend yield on common stock = Div per share/Mkt price
2012: DIv Yield = (4400/9600)/12.35 = 3.71%
2011:DIv Yield = (4400/9600)/13.10 = 3.50%
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