I uploaded pictures for problem 17-4B.I am trying to figure out the 14. Return on Common Stockhholders Equity 15. Earnings per share on Common stock16. Price Earnings Ratio percentages, except for per-share amounts:877Stargel Inc.Comparative Income Statementar the Years Ended December 31, 20Y2 and 20Y120Υ220Υ1Sales$10,000,000$9,400,000Cost of goods sold..Gross profit.5,350,000$ 4,650,000$ 2,000,0004,950,000$4,450,000Selling expensesAdministrative expenses.$1,880,0001,500,0001,410,000Total operating expensesIncome from operationsOther revenue...$ 3,500,000$ 1,150,000$3,290,000$1,160,000150,000140,000$ 1,300,000$1,300,000Other expense (interest)Income before income tax170,000150,000$1,150,000$ 1,130,000Income tax expense.230,000225,000Net income$ 9.00,000$ 925,000Stargel Inc.Comparative Balance SheetDecember 31, 20Y2 and 20Y120Υ220Υ1AssetsCurrent assets:Cash$ 500,000$ 400,000Marketable securities.1,010,0001,000,000Accounts receivable (net).740,000510,000Inventories1,190,000950,000Prepaid expensesTotal current assets..250,000229,000$3,690,000$3,089,000Long-term investments..Property, plant, and equipment (net)2,350,0002,300,0003,740,0003,366,000Total assets$9,780,000$8,755,000LiabilitiesCurrent liabilities.$ 900,000$ 880,000Long-term liabilities:Mortgage note payable, 10%.Bonds payable, 10%..Total long-term liabilitiesTotal liabilities$ 200,000$011,500,0001,500,000$1,700,000$1,500,000$2,600,000$2,380,000Stockholders' EquityPreferred $0.90 stock, $10 par...Common stock, $5 par.Retained earnings..$ 500,000$ 500,000500,000500,0006,180,0005,375,000Total stockholders' equity$7,180,000$6,375,000Total liabilities and stockholders' equity.$9,780,000$8,755,000InstructionsDetermine the following measures for 20Y2, rounding to one decimal place including PR 17-4B Measures of liquidity, solvency and profitabilityThe comparative financial statements of Stargel Inc are as follows. The market price ofStargel common stock was $119.70 on December 31, 20Y2.Stargel Inc.Comparative Retained Earnings StatementFor the Years Ended December 31, 20Y2 and 20Y120Y220Y1Retained earnings, January 1$5,375,000$4,545,000Net income925,000Total...$6,275,000$5,470,000Dividends:Preferred stock dividends$ 45,000Common stock dividendsTotal dividendsRetained earnings, December 31$6,180,000$5,375,000

Return on stockholders' equity is calculated by dividing the net income after taxes by the number of…

Answered: I uploaded pictures for problem 17-4B.…

I uploaded pictures for problem 17-4B. I am trying to figure out the 14. Return on Common Stockhholders Equity 15. Earnings per share on Common stock 16. Price Earnings 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 22BEA: The income statement, statement of retained earnings, and balance sheet for Somerville Company are...

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Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2, rounding to one decimal place, including percentages, except for per-share amounts: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield
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Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Sales $10,850,000.00 $10,000,000.00 3 Cost of goods sold 6,000,000.00 5,450,000.00 4 Gross profit $4,850,000.00 $4,550,000.00 5 Selling expenses $2,170,000.00 $2,000,000.00 6 Administrative expenses 1,627,500.00 1,500,000.00 7 Total operating expenses $3,797,500.00 $3,500,000.00 8 Income from operations $1,052,500.00 $1,050,000.00 9 Other revenue 99,500.00 20,000.00 10 $1,152,000.00 $1,070,000.00 11 Other expense (interest) 132,000.00 120,000.00 12 Income before income tax $1,020,000.00 $950,000.00 13 Income tax expense 420,000.00 400,000.00 14 Net income $600,000.00 $550,000.00 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Assets…
Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Sales $10,850,000.00 $10,000,000.00 3 Cost of goods sold 6,000,000.00 5,450,000.00 4 Gross profit $4,850,000.00 $4,550,000.00 5 Selling expenses $2,170,000.00 $2,000,000.00 6 Administrative expenses 1,627,500.00 1,500,000.00 7 Total operating expenses $3,797,500.00 $3,500,000.00 8 Income from operations $1,052,500.00 $1,050,000.00 9 Other revenue 99,500.00 20,000.00 10 $1,152,000.00 $1,070,000.00 11 Other expense (interest) 132,000.00 120,000.00 12 Income before income tax $1,020,000.00 $950,000.00 13 Income tax expense 420,000.00 400,000.00 14 Net income $600,000.00 $550,000.00 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Assets…
Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Sales $10,850,000.00 $10,000,000.00 3 Cost of goods sold 6,000,000.00 5,450,000.00 4 Gross profit $4,850,000.00 $4,550,000.00 5 Selling expenses $2,170,000.00 $2,000,000.00 6 Administrative expenses 1,627,500.00 1,500,000.00 7 Total operating expenses $3,797,500.00 $3,500,000.00 8 Income from operations $1,052,500.00 $1,050,000.00 9 Other revenue 99,500.00 20,000.00 10 $1,152,000.00 $1,070,000.00 11 Other expense (interest) 132,000.00 120,000.00 12 Income before income tax $1,020,000.00 $950,000.00 13 Income tax expense 420,000.00 400,000.00 14 Net income $600,000.00 $550,000.00 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Assets…