The comparative financial statements for Chinook Company are below Income statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet Cash Year 2 Year 1 $ 194,000 $ 168,000 113,000 100,400 81,000 67,600 56,400 53,200 24,600 14,400 8,400 4,200 $ 16,200 $ 10,200 $ 4,400 $7,200 14,200 18,200 Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (interest rate: 10%) Common stock ($5 par value, 6,080 shares outstanding) Retained earnings Total liabilities and stockholders' equity 40,400 34,200 45,600 38,400 $ 104,600 $ 98,000 $16,200 $ 17,200 45,200 45,200 30,400 30,400 12,800 5,200 $ $ 98,000 104,600 Assume that the stock price per share is $30 and that dividends in the amount of $4.50 per share were paid during Year 2. Compute the following ratios: Note: Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Earnings per share ratio Current ratio Quick ratio Cash ratio Price earnings ratio Dividend yield ratio %

The comparative financial statements for Chinook Company are below Income statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet Cash Year 2 Year 1 $ 194,000 $ 168,000 113,000 100,400 81,000 67,600 56,400 53,200 24,600 14,400 8,400 4,200 $ 16,200 $ 10,200 $ 4,400 $7,200 14,200 18,200 Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (interest rate: 10%) Common stock ($5 par value, 6,080 shares outstanding) Retained earnings Total liabilities and stockholders' equity 40,400 34,200 45,600 38,400 $ 104,600 $ 98,000 $16,200 $ 17,200 45,200 45,200 30,400 30,400 12,800 5,200 $ $ 98,000 104,600 Assume that the stock price per share is $30 and that dividends in the amount of $4.50 per share were paid during Year 2. Compute the following ratios: Note: Round your answers to 2 decimal places. Enter percentage answers rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Earnings per share ratio Current ratio Quick ratio Cash ratio Price earnings ratio Dividend yield ratio %

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 38E: Sundahl Companys income statements for the past 2 years are as follows: Refer to the information for...

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