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Business, 16.05.2021 01:30 deejay4354
PROBLEM (23 POINTS)
Use the following information to PREPARE A RATIO ANALYSIS FOR Carton Co.
The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.
Assets
Cash and short-term investments
$ 40,000
Accounts receivable (net)
25,000
Inventory
20,000
Property, plant and equipment
210,000
Total assets
$295,000
Liabilities and Stockholders’ Equity
Current liabilities
60,000
Long-term liabilities
85,000
Stockholders’ equity-common
150,000
Total liabilities and stockholders’ equity
$295,000
Income Statement
Net sales
$ 85,000
Cost of goods sold
45,000
Gross margin
40,000
Operating expenses
15,000
Interest expense
5,000
Net income
$ 20,000
EPS $3.33
Number of shares of common stock
6,000
Market price of common stock
$20
Total dividends paid
$5,400
Cash provided by operations
$30,000
Dividend per share $.90
Required:
Prepare a ratio analyses using the formulas presented on page 627. If a ratio not applied to Carton Co., write N/A.
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Answers: 3
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PROBLEM (23 POINTS)
Use the following information to PREPARE A RATIO ANALYSIS FOR Carton Co.
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