WileyPLUS Kine lel. Aocousting, 6e C202-Chapter 13 The comeerative statemerts of

Question

WileyPLUS Kine lel. Aocousting, 6e C202-Chapter 13 The comeerative statemerts of Suniand Compny are pnesented here, orie 135 For the Years Ended December 3 Cost of gaods seld Gross proft eing and at ,734,00 2,003,00 44,900 Review Score expenses 593308 3,500 328,500 ther experses eterest expense 4400 ncae before incorre sas tax eeperse 230,000 Net incomme umant scets Deb investments (short bom Accounts teventory 60,100 64,200 74,400 50,000 21.300 10,300 28,100 117,600 383,500 33,100 Pant assets (ne Totel essets Liabiities end Stockhelders' Equity Current lshlbes 31.047,500 $37300 Accounts geyable 163,500 148,900 09,100 193,000 Bonds payable Stckholders' equity Comman stock (s5 pa) Rotained eaninge 13,400165,200 Toral sockheicors' oquity 603.400 4650 eIl sales were en 2cmant. Net cash proaded by operating activities for 2017 was t24amo capital expencitures were $136,000, compute the felbMrg tatas tar 2017. (Round all answers to 2 dedmaf places, eg. I.83 or 1.83%.) (a) Lenngs per share b Return on cornon stackholders' equty (c) Return on assets and can dviconds wer 462,300.

Explanation / Answer

1. Earning Per share

=Net Income/No. Of share outstanding

=210,300/(290,000/5)

=$3.63 per share

2. Return on assets

=Net income/total assets

=210300/1047500

=20.08%

3.Current ratio

=Current assets/current liabilities

=363500/209100

=1.74

4.Times intrest earned

=EBIT/ Intrest Expenses

=328500/24100

=13.63 times.

5.Assets turnover

=Net sales/ [Average total assets]/2

=1874040/[(1047500+873400)/2]

=1874040/960450

=1.95 times

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