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Problem Set Ii

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Problem Set II

Problem Set II

P2-6A 2013 2014 A. Earnings per share
$60,000/30,000 shares= $2.00 $70,000/33,000 shares= $2.12

B. Working capital
($20,000 + $62,000 + $73,000) ($28,000 + $70,000 + $90,000) –
-$70,000=$85,000 $75,000 = $113,000

C. Current ratio
$155,000/$70,000= 2.2:1 $188,000/$75,000= 2.5:1

D. Debt to total assets ratio
$160,000/$685,000= 23.4% $155,000/$760,000= 20.4%

E. Free cash flow
$56,000 – $38,000 – $15,000= $3,000 $82,000 – $45,000 – $20,000= $17,000 F. The net income and earnings have shown to have increased, in return this shows the company has grown.
P13-2A
A. Earnings per share $218,000/74,000=$2.95 B. Return on common on stockholders' equity $218,000/[($465,400+$603,400)/2] =$218,000/$534,400 =40.8% C. Return on assets $218,000/[($852,800+$1,026,900)/2]=$218,000/$939,850=23.2% D. Current ratio $377,900/$203,500=1.85:1 E. Receivables turnover $1,890,540/[($102,800+$117,800)/2]=$1,890,540/$110,300=17.1 F. Average collection period 365 days +17.1 =21.3 days G. Inventory turnover $1,058,540/[(115,500+$126,000)/2]=$1,058,540/$120,750=8.8 times H. Days in inventory 365 days +8.8 =41.5 days I. Times interest earned $332,000/$22,000=15.1 J. Asset turnover $1,890,540/[(1,026,900+$852,800)/2]=2.01 K. Debt to total assets $423,500/$1,026,900=41% L. Current cash debt coverage $220,000/[(187,400+$203,500)/2]=1.13 M. Cash debt coverage $220,000/[($387,400+$423,500)/2]=0.54 N. Free cash flow

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