Obj. 3, 4, 5 PR 14-4B Measures of liquidity, solvency and profitability 9. Ratio

Question

Obj. 3, 4, 5 PR 14-4B Measures of liquidity, solvency and profitability 9. Ratio of The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel The abilities equity, 0.4 to stockholders' common stock was $119.70 on December 31, 20Y2. Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 EXCEL TEMPLATIE . .. . $5,375,000 $4,545,000 900,000 $6.275,000 $ 45,000 Net income .. .. 925,000 55470,000 Dividends: 45,000 50,000 $ 95,00 50,000 Retained earnings, December 3.$6,180,000

Explanation / Answer

14 calculation of the ratios 2012 10 times interest earned earnings before interest and tax / interest expenses 1300000 / 170000 7.65 11 assets turnover sales / average total assets average total assets opening assets + closing assets / 2 9780000 + 8755000 / 2 (9780000 + 8755000) / 2 9267500 assets turnover 10000000 / 9267500 1.08 times 12 return on total assets earnings before interest and tax / total assets 1300000 / 9780000 13.29% 13 return on shareholders equity net income / shareholders equity 900000 / 7180000 12.53%

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