181. A company reported net income of $78,000 and had 15,000 common shares outstanding throughout the current year. At year-end, the price per share of the company's stock was $49.40. What is the company's year-end price-earnings ratio?
182. A company paid cash dividends on its preferred stock of $40,000 in the current year when its net income was $120,000 and its average common stockholders' equity was $640,000. What is the company's return on common stockholders' equity?
183. Use the financial data shown below to calculate the following ratios for the current year:
(a) Current ratio.
(b) Acid-test ratio.
(c) Accounts receivable turnover.
(d) Days' sales uncollected.
(e) Inventory turnover.
(f) Days' sales in inventory.
Sales (all on credit)…………………………………$650,000
Cost of goods sold…………………………………. 425,000
Income before taxes……………………………….. 78,000
Net income………………………………………… 54,600
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Ending
Balances
|
Beginning
Balances
|
Cash.........................
|
$19,500
|
$15,000
|
Accounts receivable (net) ...........
|
65,000
|
60,000
|
Inventory......................
|
71,500
|
64,500
|
Plant and equipment (net)...........
|
195,000
|
183,900
|
Total assets.....................
|
$351,000
|
$323,400
|
Current liabilities .................
|
$ 62,400
|
$ 52,700
|
Long-term notes payable............
|
97,500
|
100,000
|