Homework: Chapter 15 Homework Save Score: 20.69 of 30 pts 5 of 6 (5 complete) HW
ID: 2600518 • Letter: H
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Homework: Chapter 15 Homework Save Score: 20.69 of 30 pts 5 of 6 (5 complete) HW Score: 59.92%, 59.92 of 100 pts P15-31 A (similar to) Question Help Comparative financial statement data of Banfield, Inc. follow (Click the icon to view the additional financial information.) (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) 2016: 1.42 2015: 1.62 Requirement 1g. Compute the rate of retum on common stockholders' equity for 2016 and 2015. Begin by selecting the formula to compute the rate of return on common stockholders' equity. Rate of return on common stockholders' equity Now, compute the rate of returm on common stockholders' equity for 2016 and 2015. (Round your answers to one 2016: 46.8% 2015: 41.5% Requirement 1h. Compute the earnings per share of common stock for 2016 and 2015. Begin by selecting the formula to compute the eanings per share of common stock. Earnings per share(Net income - Preferred dividends) / Weighted average number of common share outsta Now, compute the earnings per share for 2016 and 2015. (Round your answers to the nearest cent, SX.xx.) 2016:$ 2015:$ Read the requirements Requirements 1. Compute the following ratios for 2016 and 2015 a. Current ratio b. Cash ratio c. Times-interest-earned ratio d. Inventory turnover e. Gross profit percentage f. Debt to equity ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock i. Pricelearnings ratio Decide (a) whether Banfield's ability to pay debts and to sell inventory improved or deteriorated during 2016 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased. (Net income-Preferred dividends)/ Average common stockholder's equity = 2. PrintDone Enter your answer in the edit fields and then click Check Answer. Clear All Check Answer remainingExplanation / Answer
2016 2015 Current Ratio 1.65 1.58 Cash Ratio 1.01 0.91 Times Interest Earned 8.17 6.29 Inventory Turnover 3.22 2.62 GP Percentage 49.57% 50.70% Debt to Equity Ratio 1.42 1.62 Rate of Return on Common Stock 44.37% 40.34% EPS of Common Stock 4.44 4.03 In absence of info, I have assumed shares are issued at $ 10 par value PE Ratio 2.25 2.48 In absence of info, I have assumed shares are issued at $ 10 par value
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