good afternoon, I am having trouble with the following problems.


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good afternoon, I am having trouble with the following problems. I-16.01Student (1).xls I-16.01 Weaver Corporation’s stock is selling for $16 per share. Weaver provided the following financial statements. Use these statements to prepare comprehensive ratio analysis tables similar to those illustrated in the chapter. WEAVER CORPORATION Comparative Balance Sheet December 31, 20X3 and 20X2 Assets Current assets Cash Accounts receivable Inventories Total current assets Property, plant, & equipment Land Building Equipment Less: Accumulated depreciation Total property, plant, & equipment Total assets Liabilities Current liabilities Accounts payable Interest payable Total current liabilities Long-term liabilities Long-term note payable Total liabilities Stockholders’ equity Common stock ($0.50 par) Paid-in capital in excess of par Retained earnings Total stockholders’ equity Total liabilities and equity 20X3 $ $ $ $ $ $ $ 500,000 350,000 90,000 940,000 200,000 650,000 950,000 1,800,000 (365,000) 1,435,000 2,375,000 $ 160,000 40,000 200,000 $ 800,000 1,000,000 $ $ 100,000 655,000 620,000 1,375,000 $ 2,375,000 20X2 $ $ 370,000 290,000 110,000 770,000 ### ### 900,000 $ 1,750,000 (325,000) $ 1,425,000 $ 2,195,000 $ $ 200,000 30,000 230,000 $ 700,000 930,000 ### ### 510,000 $ 1,265,000 $ 2,195,000 I-16.01 WEAVER CORPORATION Statement of Retained Earnings For the Year Ending December 31, 20X3 Beginning retained earnings, January 1 Plus: Net income $ $ Less: Dividends Ending retained earnings, December 31 $ 510,000 160,000 670,000 50,000 620,000 WEAVER CORPORATION Income Statement For the year ending December 31, 20X3 Revenues Cost of goods sold Gross profit Operating expenses Salaries Interest Depreciation Other operating expenses Income before income taxes Less: Income taxes Net income $ $ $ 245,000 65,000 40,000 155,000 $ $ 1,685,000 980,000 705,000 505,000 200,000 40,000 160,000 Name: Date: Current Ratio Current Assets ÷ Current Liabilities Quick Ratio Debt to Total Assets Ratio Debt to Total Equity Ratio Times Interest Earned Ratio Accounts Receivable Turnover Ratio Inventory Turnover Ratio Net Profit on Sales Gross Profit Margin Return on Assets Return on Equity EPS P/E I-16.01 Section: 4.70 $940,000 ÷ $200,000 Name: Date: Dividend Rate/Yield Dividend Payout Ratio Book Value Per Share Section: I-16.01 Read more

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