The comparative financial statements of Blige Inc. are as follows. The market pr
ID: 2389454 • Letter: T
Question
The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $60 on December 31, 2012.Here are the link to solve the problems. Please delete the space at the end before .gif to view properly
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http://east.cengagenow.com/ilrn/books/waac24h/images/ch17/waac24h_ch17_pr17_4a. gif
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Determine the following measures for 2012, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Assume 365 days a year.
1. Working capital: $ 1443000
2. Current ratio: 3.0
3. Quick ratio: 2.4
4. Accounts receivable turnover: 5.3
5. Number of days' sales in receivables: 68.4
6. Inventory turnover:
7. Number of days' sales in inventory:
8. Ratio of fixed assets to long-term liabilities:
9. Ratio of liabilities to stockholders' equity:
10. Number of times interest charges earned:
11. Number of times preferred dividends earned:
12. Ratio of net sales to assets: %
13. Rate earned on total assets: %
14. Rate earned on stockholders' equity: %
15. Rate earned on common stockholders' equity: %
16. Earnings per share on common stock: $
17. Price-earnings ratio:
18. Dividends per share of common stock: $ .5
19. Dividend yield: .8%
Explanation / Answer
1. Working capital: $ 2. Current ratio: 3. Quick ratio: 4. Accounts receivable turnover: 5. Number of days' sales in receivables: 6. Inventory turnover: 7. Number of days' sales in inventory: 8. Ratio of fixed assets to long-term liabilities: 9. Ratio of liabilities to stockholders' equity: 10. Number of times interest charges earned: 11. Number of times preferred dividends earned: 12. Ratio of net sales to assets: 13. Rate earned on total assets: % 14. Rate earned on stockholders' equity: % 15. Rate earned on common stockholders' equity: % 16. Earnings per share on common stock: $ 17. Price-earnings ratio: 18. Dividends per share of common stock: $ 19. Dividend yield: %