Maurice Tutor

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About Maurice Tutor

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Expertise:
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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 1 Day Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 11 Aug 2017 My Price 11.00

Pracht Company

Financial statements for Pracht Company appear below:

Pracht Company
Statement of Financial Position
December 31, Year 2 and Year 1
(in thousands of dollars)
  Year 2 Year 1
Current assets:        
Cash and marketable securities $ 180 $ 170
Accounts receivable, net   130   100
Inventory   150   160
Prepaid expenses   50   60
 
Total current assets 510     490
Noncurrent assets:        
Plant and equipment, net   1,880   1,800
 
Total assets $ 2,390 $ 2,290
 
Current liabilities:        
Accounts payable $ 90 $ 140
Accrued liabilities   110   80
Notes payable, short term   140   130
 
Total current liabilities   340   350
Noncurrent liabilities:        
Bonds payable   490 500  
 
Total liabilities   830   850
 
Stockholders' equity:        
Preferred stock, $10 par value, 15%   100   100
Common stock, $10 par value   140   140
Additional paid-in capital--common stock   200   200
Retained earnings   1,120   1,000
 
Total stockholders' equity   1,560   1,440
 
Total liabilities and stockholders' equity $ 2,390 $ 2,290
 

 

Pracht Company
Income Statement
For the Year Ended December 31, Year 2
(dollars in thousands)
Sales (all on account) $ 1,650  
Cost of goods sold   1,165  
 
Gross margin   485  
Selling and administrative expense   165  
 
Net operating income   320  
Interest expense   50  
 
Net income before taxes   270  
Income taxes (30%)   81  
 
Net income $ 189  
 

 

Dividends during Year 2 totaled $29 thousand, of which $15 thousand were preferred dividends. The market price of a share of common stock on December 31, Year 2 was $150.

 

Required:
a.

Compute the earnings per share (of common stock) for Year 2. (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

 

   

 

b.

Compute the price-earnings ratio for Year 2.(Round your answer to 1 decimal place.)

 

   

 

c.

Compute the dividend payout ratio for Year 2.(Do not round intermediate calculations. Round your answer to 1 decimal place. Omit the "%" sign in your response.)

 

   

 

d.

Compute the dividend yield ratio for Year 2.(Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "%" sign in your response.)

 

   

 

e.

Compute the return on total assets for Year 2. (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

 

   

 

f.

Return on common stockholders' equity for Year 2. (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

 

   

 

g.

Compute the book value per share for Year 2.(Round your answer to 2 decimal places. Omit the "$" sign in your response.)

 

   

 

h.

Compute the working capital for Year 2.(Input your answer in thousands of dollars. Omit the "$" sign in your response.)

 

   

 

i.

Compute the current ratio for Year 2. (Round your answer to 1 decimal place.)

 

   

 

j.

Compute the acid-test ratio for Year 2. (Round your answer to 2 decimal places.)

 

   
k.

Compute the accounts receivable turnover for Year 2. (Omit the "$" sign in your response.)

 

   

 

l.

Compute the average collection period for Year 2. (Use 365 days in a year. Do not round intermediate calculations. Round your answer to 1 decimal place.)

 

   

 

m.

Compute the inventory turnover for Year 2. (Omit the "$" sign in your response.)

 

   
n.

Compute the average sale period for Year 2. (Use 365 days in a year. Round your answer to 1 decimal place.)

 

   

 

   

 

   

 

p.

Compute the debt-to-equity ratio for Year 2. (Round your answer to 2 decimal places.)

 

Answers

Maurice Tutor
(5)
Status NEW Posted 11 Aug 2017 12:08 PM My Price 11.00

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