Cash Accounts receivable (net) Other current assets December 31 2022 $ 29,100 Investments Property, plant, and equipment (net) Current liabilities Long-term debt Common stock, $10 par Retained earnings 50,000 90,100 54,500 500,500 $724,200 $85,000 144,900 342,000 152,300 $724,200 2021 $ 17,400 44,700 95,700 70,600 370,700 $599,100 $80,500 84,200 311,000 123,400 $599,100 Lily Corporation Income Statements For the Years Ended December 31 Sales Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income 2022 $737,000 39,900 697,100 424,400 272,700 182,077 $ 90,623 $ 17,800 2020 358,200 47,500 63,500 44,000 $531,000 $69,100 49,500 299,000 113,400 2021 $605,400 31,000 $531,000 574,400 370,500 203,900 146,460 $57,440
Cash Accounts receivable (net) Other current assets December 31 2022 $ 29,100 Investments Property, plant, and equipment (net) Current liabilities Long-term debt Common stock, $10 par Retained earnings 50,000 90,100 54,500 500,500 $724,200 $85,000 144,900 342,000 152,300 $724,200 2021 $ 17,400 44,700 95,700 70,600 370,700 $599,100 $80,500 84,200 311,000 123,400 $599,100 Lily Corporation Income Statements For the Years Ended December 31 Sales Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income 2022 $737,000 39,900 697,100 424,400 272,700 182,077 $ 90,623 $ 17,800 2020 358,200 47,500 63,500 44,000 $531,000 $69,100 49,500 299,000 113,400 2021 $605,400 31,000 $531,000 574,400 370,500 203,900 146,460 $57,440
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Transcribed Image Text:Cash
Accounts receivable (net)
Other current assets
December 31
Investments
Property, plant, and equipment (net)
Current liabilities
Long-term debt
Common stock, $10 par
Retained earnings
2022
$ 29,100
50,000
90,100
54,500
500,500
$724,200
$85,000
144,900
342,000
152,300
$724,200
2021
$ 17,400
Sales
Less: Sales returns and allowances
Net sales
Cost of goods sold
Gross profit
Operating expenses (including income taxes)
Net income
Lily Corporation
Income Statements
For the Years Ended December 31
2022
$737,000
$599,100
39,900
697,100
424,400
44,700
95,700
272,700
182,077
70,600
370,700
$599,100
$80,500
84,200
311,000
$ 90,623
123,400
$ 17,800
47,500
2021
2020
358,200
$531,000
63,500
44,000
$69,100
$605,400
31,000
299,000
574,400
370,500
113,400
$531,000
203,900
146,460
$ 57,440
49,500
Transcribed Image Text:Additional information:
1.
2.
(a)
Compute the following ratios for 2021 and 2022. (Round Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65. Round payout
ratio and debt to assets ratio to O decimal places, e.g. 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)
(1)
(2)
(3)
(4)
(5)
(6)
The market price of Jergan's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively.
You must compute dividends declared. All declared dividends were paid in cash in the year of declaration.
(7)
Profit margin
Gross profit rate
Asset turnover
Earnings per share $
Price-earnings ratio
Payout ratio
Debt to assets ratio
2022
%
de
%
times
times
%
%
+A
$
2021
%
%
times
times
%
%
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