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Business, 21.05.2020 05:59 deonte4807

The comparative financial statements for Prince Company are below: Year 2 Year 1 Income statement: Sales revenue $ 192,000 $ 167,500 Cost of goods sold 112,500 100,200 Gross profit 79,500 67,300 Operating expenses and interest expense 56,200 53,100 Pretax income 23,300 14,200 Income tax 8,200 4,100 Net income $ 15,100 $ 10,100 Balance sheet: Cash $ 4,200 $ 7,100 Accounts receivable (net) 14,100 18,100 Inventory 40,200 34,100 Property and equipment (net) 45,300 38,200 Total assets $ 103,800 $ 97,500 Current liabilities (no interest) $ 16,100 $ 17,200 Long-term liabilities (12% interest) 45,100 45,100 Common stock ($8 par value, 3,775 shares outstanding)) 30,200 30,100 Retained earnings 12,400 5,100 Total liabilities and stockholders' equity $ 103,800 $ 97,500 Assume that the stock price per share is $29 and that dividends in the amount of $4.00 per share were paid during Year 2. Compute the following ratios: (Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i. e. 0.1234 should be entered as 12.34).)

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