Ratios Industry Averages Because you own the comm on stock of Phantom Corporation, a paper manufacturer, you decide to analyze the firm's performance for the most recent year. The following data are taken from the firm's latest annual report: Compared with LO Dec. 31, 2020 Dec. 31, 2019 $ 552,000 Quick assets. Inventory and prepaid expenses Other assets . 24 700,000 372,000 312,000 4,788,000 4,200,000 Total Assets $5,860,000 $5,064,000 Current liabilities. 724,000 $ 564,000 $4 1,440,000 480,000 2,700,000 $ 10% Bonds payable 8% Preferred stock, $100 par value Common stock, $10 par value Retained earnings..... 1,440,000 480.000 2,160,000 420,00O 516,000 Total Liabilities and Stockholders' Equity $5,860,000 $5,064,000 For 2020, net sales amount to $11,280,000, net income is $575,000, and preferred stock dividends paid are $42,000. Required Calculate the following ratios for 2020: a. Profit margin Return on assets Return on common stockholders’ equity Quick ratio Current ratio 1. 2. 3. 4. 5. 6. Debt-to-equity ratio

Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses. Total current assets. Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities 1. Working capital 2. Current ratio: Current Year 3. Quick ratio b. The liquidity of Albertini has $356,400 412,700 168,900 1,547,700 797,300 $3,283,000 $388,600 281,400 $670,000 $278,400 313,200 104,400 1,167,500 746,500 $2,610,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year $406,000 174,000 $580,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities. Most of these changes are the…

Profitability and Asset Management Ratios You are thinking of investing in Tikki's Torches, Inc. You have only the following information on the firm at year-end 2018: net income = $680,000, total debt = $13.8 million, debt ratio = 43%. What is Tikki's ROE for 2018? Multiple Choice 4.93% 11.47% 2.12%% 3.72%

Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years:   Current Year   Previous Year Current assets:             Cash $506,200     $384,000     Marketable securities 586,100     432,000     Accounts and notes receivable (net) 239,700     144,000     Inventories 928,000     702,700     Prepaid expenses 478,000     449,300       Total current assets $2,738,000     $2,112,000   Current liabilities:             Accounts and notes payable           (short-term) $429,200     $448,000     Accrued liabilities 310,800     192,000       Total current liabilities $740,000     $640,000     a.  Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.       Current Year     Previous Year 1.  Working capital $fill in the blank 1 $fill in the blank 2 2.  Current ratio fill in the blank 3 fill in the blank 4…