Use the following information from XYZ Company's balance sheet to answer the next six questions: Assets 27. 28. 29. 30. 4 8 Cash.. Marketable Securities Accounts Receivable 1. 26. XYZ's quick (acid-test) ratio is 4.0 to 1. a. Inventory.. Property and Equipment. Accumulated Depreciation. Total Assets. 1 Liabilities and Stockholders' Equity Accounts Payable..... Notes Payable (current). The average number of common stock shares outstanding during the year was 840 shares. Net earnings for the year were $6,300. 25. XYZ's current ratio is Mortgage Payable (long-term). Bonds Payable (long-term). Common Stock, $50 Par..... Paid-in Capital in Excess of Par......... Retained Earnings. Total Liabilities. and Stockholders' Equity 6.0 to 1. 5.5 to 1. 4.0 to 1. 4.5 to 1. 4.5 to 1. 3.5 to 1. 3.0 to 1. XYZ's earnings per share is $7.50 per share. $7.00 per share. $0.13 per share. $6,300 per share. XYZ's return on assets is a. 6.9% b. 7.9% C. 14.6% d. 23.4% Cash + Mark, Sec. + AR Current liwa. XYZ's return on equity is a. 2.6%. 9.0%. b. C. 11.1%. d. 15.5%. XYZ's debt to equity ratio is a. 75.0%. b. 62.2%. C. 34.2%. d. 22.2%. Nees income Avg Current cash & H.R. + Mark. Sec. + Inven. assets 3 23,100 Net income ayoutstanding Shares Stck holours Equity ⇒ Cuments ne. Fly & Roses = 4.800 Liab. Total lindil. Tot stick. Equity 3 $6,000 3,200 5,200 14,400 68,000 (5,000) $91,800 s $ 3,400 1,400 1,800 28,600 14-400 4,800 24,000 11,600 21,000 $91,800 1 3 6,300 -9.5 840 28,800=60 4,800
Use the following information from XYZ Company's balance sheet to answer the next six questions: Assets 27. 28. 29. 30. 4 8 Cash.. Marketable Securities Accounts Receivable 1. 26. XYZ's quick (acid-test) ratio is 4.0 to 1. a. Inventory.. Property and Equipment. Accumulated Depreciation. Total Assets. 1 Liabilities and Stockholders' Equity Accounts Payable..... Notes Payable (current). The average number of common stock shares outstanding during the year was 840 shares. Net earnings for the year were $6,300. 25. XYZ's current ratio is Mortgage Payable (long-term). Bonds Payable (long-term). Common Stock, $50 Par..... Paid-in Capital in Excess of Par......... Retained Earnings. Total Liabilities. and Stockholders' Equity 6.0 to 1. 5.5 to 1. 4.0 to 1. 4.5 to 1. 4.5 to 1. 3.5 to 1. 3.0 to 1. XYZ's earnings per share is $7.50 per share. $7.00 per share. $0.13 per share. $6,300 per share. XYZ's return on assets is a. 6.9% b. 7.9% C. 14.6% d. 23.4% Cash + Mark, Sec. + AR Current liwa. XYZ's return on equity is a. 2.6%. 9.0%. b. C. 11.1%. d. 15.5%. XYZ's debt to equity ratio is a. 75.0%. b. 62.2%. C. 34.2%. d. 22.2%. Nees income Avg Current cash & H.R. + Mark. Sec. + Inven. assets 3 23,100 Net income ayoutstanding Shares Stck holours Equity ⇒ Cuments ne. Fly & Roses = 4.800 Liab. Total lindil. Tot stick. Equity 3 $6,000 3,200 5,200 14,400 68,000 (5,000) $91,800 s $ 3,400 1,400 1,800 28,600 14-400 4,800 24,000 11,600 21,000 $91,800 1 3 6,300 -9.5 840 28,800=60 4,800
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 6BE
Related questions
Question
100%
I need questions 28, 29, and 30
Transcribed Image Text:Use the following information from XYZ Company's balance sheet to answer the next six questions:
Assets
Cash..
4
29.
Marketable Securities
Accounts Receivable
Inventory.
Property and Equipment.
Accumulated Depreciation.
Total Assets.
O
30.
Liabilities and Stockholders' Equity
Accounts Payable.....
Notes Payable (current)..
Mortgage Payable (long-term).
Bonds Payable (long-term).
y.
26. XYZ's quick (acid-test) ratio is
4.0 to 1.
Common Stock, $50 Par.....
Paid-in Capital in Excess of Par.........
Retained Earnings.
Total Liabilities. and Stockholders' Equity
The average number of common stock shares outstanding during the year was 840 shares. Net earnings
for the year were $6,300.
25. XYZ's current ratio is
6.0 to 1.
5.5 to 1.
4.0 to 1.
4.5 to 1.
4.5 to 1.
3.5 to 1.
3.0 to 1.
27. XYZ's earnings per share is
a.
$7.50 per share.
$7.00 per share.
$0.13 per share.
$6,300 per share.
28. XYZ's return on assets is
6.9%
a.
b. 7.9%
C. 14.6%
d.
23.4%
Cash + Mark, Sec. + AR
Current liwa.
XYZ's return on equity is
a. 2.6%.
b. 9.0%.
11.1%.
C.
d. 15.5%.
Net income
any outstanding
nees income
Avg
XYZ's debt to equity ratio is
a. 75.0%.
b. 62.2%.
C. 34.2%.
d.
22.2%.
Stck holours
Equity
Current cash & H.R. + Mark. Sec. + Inven.
assets
3 23,100
Cuments ne. Fly & Roses = 4.800
Total lindil.
Tot stek.
Equity
3
$6,000
3,200
5,200
s
14,400
68,000
14-400
(5,000)
$91,800
$ 3,400
1,400
1,800
28,600
24,000
11,600
21,000
$91,800
#
3
6,300 47.5
840
28,800=60
4,800
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