184. A company's calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares of common stock were issued during the year. The December 31 market price per shareis $49.50. Cash dividends of $19,500 were paid during the year. Calculate the following ratios for the company: (a) profit margin ratio(b) gross margin ratio(c) return on total assets(d) return on common stockholders’ equity(e) book value per common share(f) basic earnings per share(g) price earnings ratio(h) dividend yield. Net sales......................... $650,000 Cost of goods sold................... 422,500 Gross profit....................... $227,500 Operating expenses.................. 140,500 Operating income................... $ 87,000 Interest expense.................... 9,100 Income before taxes................. $ 77,900 Income taxes...................... 23,400 Net income....................... $ 54,500 Ending Balances Cash............................ $ 19,500 Accounts receivable (net).............. 65,000 Inventory......................... 71,500 Plant assets (net)................... 195,000 Total assets....................... $351,000 Current liabilities................... $ 74,100 Long-term notes payable.............. 97,500 Common stock, $5 par value............ 65,000 Retained earnings................... 114,400 Total liabilities and equity.............. $351,000 185. A company's calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares of common stock were issued during the year. The December 31 market price per share is $49.50. Cash dividends of $19,500 were paid during the year. Calculate the following ratios for the company: (a) debt ratio(b) equity ratio(c) debt-to-equity ratio(d) times interest earned(e) total asset turnover Net sales......................... $650,000 Cost of goods sold................... 422,500 Gross profit....................... $227,500 Operating expenses.................. 140,500 Operating income................... $ 87,000 Interest expense.................... 9,100 Income before taxes................. $ 77,900 Income taxes...................... 23,400 Net income....................... $ 54,500 Ending Balances Cash............................ $ 19,500 Accounts receivable (net).............. 65,000 Inventory......................... 71,500 Plant assets (net)................... 195,000 Total assets....................... $351,000 Current liabilities................... $ 74,100 Long-term notes payable.............. 97,500 Common stock, $5 par value............ 65,000 Retained earnings................... 114,400 Total liabilities and equity.............. $351,000

184. A company's calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares of common stock were...

184. A company's calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares of common stock were issued during the year. The December 31 market price per shareis $49.50. Cash dividends of $19,500 were paid during the year. Calculate the following ratios for the company:

(a) profit margin ratio
(b) gross margin ratio
(c) return on total assets
(d) return on common stockholders’ equity
(e) book value per common share
(f) basic earnings per share
(g) price earnings ratio
(h) dividend yield.

Net sales.........................	$650,000
Cost of goods sold...................	422,500
Gross profit.......................	$227,500
Operating expenses..................	140,500
Operating income...................	$ 87,000
Interest expense....................	9,100
Income before taxes.................	$ 77,900
Income taxes......................	23,400
Net income.......................	$ 54,500

	Ending
	Balances
Cash............................	$ 19,500
Accounts receivable (net)..............	65,000
Inventory.........................	71,500
Plant assets (net)...................	195,000
Total assets.......................	$351,000

Current liabilities...................	$ 74,100
Long-term notes payable..............	97,500
Common stock, $5 par value............	65,000
Retained earnings...................	114,400
Total liabilities and equity..............	$351,000

185. A company's calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares of common stock were issued during the year. The December 31 market price per share is $49.50. Cash dividends of $19,500 were paid during the year. Calculate the following ratios for the company:

(a) debt ratio
(b) equity ratio
(c) debt-to-equity ratio
(d) times interest earned
(e) total asset turnover

Net sales.........................	$650,000
Cost of goods sold...................	422,500
Gross profit.......................	$227,500
Operating expenses..................	140,500
Operating income...................	$ 87,000
Interest expense....................	9,100
Income before taxes.................	$ 77,900
Income taxes......................	23,400
Net income.......................	$ 54,500

	Ending
	Balances
Cash............................	$ 19,500
Accounts receivable (net)..............	65,000
Inventory.........................	71,500
Plant assets (net)...................	195,000
Total assets.......................	$351,000

Current liabilities...................	$ 74,100
Long-term notes payable..............	97,500
Common stock, $5 par value............	65,000
Retained earnings...................	114,400
Total liabilities and equity..............	$351,000

May 15, 2022

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184. A company's calendar-year financial data are shown below. The company had total assets of $339,000 and total equity of $144,400 for the prior year. No additional shares of common stock were...

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