Ivanhoe Medical manufactures hospital beds and other institutional furniture. Th

Question

Ivanhoe Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow Ivanhoe Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash Accounts receivable, net Inventory Other current assets $417,500 776,450 681,100 247,050 2,122,100 8,406,875 $11,624,750 $10,528,975 $333,000 1,066,900 738,000 393,000 2,530,900 9,093,850 Total current assets Property, plant, & equipment , net Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt $3,166,000 3,702,650 6,868,650 59,300 122,000 4,574,800 4,756,100 $11,624,750 $2,846,000 3,892,700 6,738,700 59,300 103,850 3,627,125 3,790,275 $10,528,975 Total liabilities Preferred stock, $5 par value ommon stock, $0.25 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity

Explanation / Answer

1 Revenue 10730000 COGS 5563000 Gross Profit (Revenue-COGS) 5167000 Gross Margin % 48.2% (Gross Profit/Revenue) 2 Net Income 1406125 Average Total Assets (Begining assets+Ending assets)/2 (10528975+11624750)/2 11076862.50 Return on Assets Net Income/Avg. Total Assets 12.7% 3 Income Available for common stakeholders (Net Income -Preferred Dividend) (1406125-29450) 1376675 Average Common stakeholders equity (Avg. Total Stakeholders equity - Avg. Preferred Stock) (3790275+4756100)/2 - (59300+59300)/2 4213887.50 Return on common stakeholders Equity Ratio Income available for common stakeholder/Avg. Common Stakeholders Equity 32.7%

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.