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The following financial statements apply to Zachary Company: Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (43,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 52700 b. a. C. d. e. f. Net margin Return on investment Return on equity Earnings per share Price-earnings ratio Book value per share of common stock Times interest earned 9- h. Working capital i. Current ratio j. Quick (acid-test) ratio k. Accounts receivable turnover L Inventory turnover m. Debt-to-equity ratio Debt-to-assets ratio n. $ S Year 2 Required Calculate the following ratios for Year 1 and Year 2. When data limitations prohibit computing averages, use year-end balances in your calculations. 19.38 % 11.84 % 17.24 % 0.33 196,400 4.56 times times 6.46 times 0.63 times 0.40 29 % S S Year 1 18.72 % 9.46 % 13.77 % 0.27 188,200 4.67 Year 2 $ 220,800 $ 5,700 1,900 36,800 203,000 4,200 251,600 105,600 20,400 $ 377,600 times 34 % 125,800 19,700 10,700 1,300 20,500 178,000 $ 42,800 128,000 141,700 269,700 $ 377,600 times 5.34 times 0.51 times 0.52 $ 39,200 16,000 55,200 52,700 107,900 Year 1 $ 182,700 102,100 17,700 9,700 1,300 17,700 148,500 $ 34,200 $ 7,800 1,900 31,600 195,000 3,200 239,500 105,600 0 $ 345,100 $ 35,000 16,300 51,300 66,900 118,200 128,000 98,900 226,900 $ 345,100

The following financial statements apply to Zachary Company: Revenues Expenses Cost of goods sold Selling expenses General and administrative expenses Interest expense Income tax expense Total expenses Net income Assets Current assets Cash Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (43,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 52700 b. a. C. d. e. f. Net margin Return on investment Return on equity Earnings per share Price-earnings ratio Book value per share of common stock Times interest earned 9- h. Working capital i. Current ratio j. Quick (acid-test) ratio k. Accounts receivable turnover L Inventory turnover m. Debt-to-equity ratio Debt-to-assets ratio n. $ S Year 2 Required Calculate the following ratios for Year 1 and Year 2. When data limitations prohibit computing averages, use year-end balances in your calculations. 19.38 % 11.84 % 17.24 % 0.33 196,400 4.56 times times 6.46 times 0.63 times 0.40 29 % S S Year 1 18.72 % 9.46 % 13.77 % 0.27 188,200 4.67 Year 2 $ 220,800 $ 5,700 1,900 36,800 203,000 4,200 251,600 105,600 20,400 $ 377,600 times 34 % 125,800 19,700 10,700 1,300 20,500 178,000 $ 42,800 128,000 141,700 269,700 $ 377,600 times 5.34 times 0.51 times 0.52 $ 39,200 16,000 55,200 52,700 107,900 Year 1 $ 182,700 102,100 17,700 9,700 1,300 17,700 148,500 $ 34,200 $ 7,800 1,900 31,600 195,000 3,200 239,500 105,600 0 $ 345,100 $ 35,000 16,300 51,300 66,900 118,200 128,000 98,900 226,900 $ 345,100

Principles of Accounting Volume 1
Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 6MC: If a company capitalizes costs that should be expensed, how is its income statement for the current...
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The following financial statements apply to Zachary Company: Revenues Expenses Cost of goods sold Total expenses Net income Assets Current assets Cash Selling expenses General and administrative expenses Interest expense Income tax expense Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets. Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (43,000 shares) Retained earnings a. b. C. d. Return on equity Earnings per share e. Price-earnings ratio f. Book value per share of common stock 9- Times interest earned h. Net margin Return on investment i. Current ratio m. n. Working capital j. Quick (acid-test) ratio k. Accounts receivable turnover 1. Inventory turnover Debt-to-equity ratio Debt-to-assets ratio $ $ Year 2 Total stockholders' equity Total liabilities and stockholders' equity 52700 Required Calculate the following ratios for Year 1 and Year 2. When data limitations prohibit computing averages, use year-end balances in your calculations. 19.38 % 11.84 % 17.24 % 0.33 196,400 4.56 times times 6.46 times 0.63 times 0.40 29 % $ $ Year 1 18.72 % 9.46 % 13.77 % 0.27 188,200 4.67 Year 2 $ 220,800 $ 5,700 1,900 36,800 203,000 4,200 51,600 105,600 20,400 $ 377,600 times 34 % 125,800 19,700 10,700 times 1,300 20,500 178,000 $ 42,800 128,000 141,700 269,700 $ 377,600 5.34 times 0.51 times 0.52 $ 39,200 16,000 55,200 52,700 107,900 Year 1 $ 182,700 102,100 17,700 9,700 1,300 17,700 148,500 $ 34,200 $ 7,800 1,900 31,600 195,000 3,200 239,500 105,600 0 $ 345,100 $ 35,000 16,300 51,300 66,900 118, 200 128,000 98,900 226,900 $ 345,100
Transcribed Image Text:The following financial statements apply to Zachary Company: Revenues Expenses Cost of goods sold Total expenses Net income Assets Current assets Cash Selling expenses General and administrative expenses Interest expense Income tax expense Marketable securities Accounts receivable Inventories Prepaid expenses Total current assets. Plant and equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Accounts payable Other Total current liabilities Bonds payable Total liabilities Stockholders' equity Common stock (43,000 shares) Retained earnings a. b. C. d. Return on equity Earnings per share e. Price-earnings ratio f. Book value per share of common stock 9- Times interest earned h. Net margin Return on investment i. Current ratio m. n. Working capital j. Quick (acid-test) ratio k. Accounts receivable turnover 1. Inventory turnover Debt-to-equity ratio Debt-to-assets ratio $ $ Year 2 Total stockholders' equity Total liabilities and stockholders' equity 52700 Required Calculate the following ratios for Year 1 and Year 2. When data limitations prohibit computing averages, use year-end balances in your calculations. 19.38 % 11.84 % 17.24 % 0.33 196,400 4.56 times times 6.46 times 0.63 times 0.40 29 % $ $ Year 1 18.72 % 9.46 % 13.77 % 0.27 188,200 4.67 Year 2 $ 220,800 $ 5,700 1,900 36,800 203,000 4,200 51,600 105,600 20,400 $ 377,600 times 34 % 125,800 19,700 10,700 times 1,300 20,500 178,000 $ 42,800 128,000 141,700 269,700 $ 377,600 5.34 times 0.51 times 0.52 $ 39,200 16,000 55,200 52,700 107,900 Year 1 $ 182,700 102,100 17,700 9,700 1,300 17,700 148,500 $ 34,200 $ 7,800 1,900 31,600 195,000 3,200 239,500 105,600 0 $ 345,100 $ 35,000 16,300 51,300 66,900 118, 200 128,000 98,900 226,900 $ 345,100
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