Problem 13-3A Condensed balance sheet and income statement data for Indigo Corpo

Question

Problem 13-3A Condensed balance sheet and income statement data for Indigo Corporation are presented here INDIGO CORPORATION Balance Sheets 2017 2016 2015 Cash Accounts receivable (net) Other current assets 31,000 21,000 $ 19,000 0 46,000 49,0 51,00 96,000 101,000 61,000 70,000 51,000 Plant and equipment (net) 500,000 370,000 358,000 $739,000 $614,000 $547,000 $ 86,000 $ 81,000 71,000 56,000 326,000 316,000 306,000 176,000 126,000 114,000 $739,000 $614,000 $547,000 76,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings 151,000 91,000

Explanation / Answer

2017 2016 Profit Margin = Net Income / Net sales 13.19% 11.83% Gross Profit Rate = Gross Profit / Net sales 38.87% 38.09% Asset Turnover = Net Sales/ Average Assets 1.042 0.991 Times EPS = Net Income/Average Shares outstanding $2.90 $2.19 Price Earning Ratio = Market Price/ EPS 2.93 3.43 Times Payout Ratio = Dividend paid /Net Income 46.24% 82.35% 2017 2016 + Beginning retained earnings $126,000 $114,000 + Net income during the period $93,000 $68,000 - Ending retained earnings -176000 -126000 Dividends paid $43,000 $56,000 Debt to Asset Ratio = Total Debt / Total Asset 32.07% 28.01%

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