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Stargel Inc. percentages, except for per-share amounts: For the Years Ended December 31, 20Y2 and 20Y1 Comparative Income Statement 20Υ2 20Υ1 Sales $10,000,000 $9,400,000 Cost of goods sold. Gross profit. Selling expenses 5,350,000 4,950,000 $ 4,650,000 $ 2,000,000 $4,450,000 $1,880,000 Administrative expenses. Total operating expenses Income from operations Other revenue... 1,500,000 $ 3,500,000 $ 1,150,000 1,410,000 $3,290,000 $1,160,000 150,000 140,000 $ 1,300,000 $1,300,000 Other expense (interest) Income before income tax 170,000 150,000 $1,150,000 $ 1,130,000 Income tax expense 230,000 225,000 $ 925,000 Net income $ 900,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Assets Current assets: Cash $ 500,000 $ 400,000 Marketable securities.. 1,010,000 1,000,000 Accounts receivable (net) 740,000 510,000 Inventories 1,190,000 950,000 Prepaid expenses Total current assets.. 250,000 229,000 $3,690,000 $3,089,000 Long-term investments.. Property, plant, and equipment (net) Total assets 2,350,000 2,300,000 3,740,000 3,366,000 $9,780,000 $8,755,000 Liabilities Current liabilities. $ 900,000 $ 880,000 Long-term liabilities: Mortgage note payable, 10%.. Bonds payable, 10%.. $ 200,000 2$ 01 1,500,000 1,500,000 $1,700,000 Total long-term liabilities Total liabilities $1,500,000 $2,600,000 $2,380,000 Stockholders' Equity Preferred $0.90 stock, $10 par. Common stock, $5 par. $ 500,000 $ 500,000 500,000 500,000 Retained earnings. Total stockholders' equity. 6,180,000 5,375,000 $6,375,000 $8,755,000 $7,180,000 Total liabilities and stockholders' equity. $9,780,000 Instructions ctermine the following measures for 20Y2, rounding to one decimal place including

Stargel Inc. percentages, except for per-share amounts: For the Years Ended December 31, 20Y2 and 20Y1 Comparative Income Statement 20Υ2 20Υ1 Sales $10,000,000 $9,400,000 Cost of goods sold. Gross profit. Selling expenses 5,350,000 4,950,000 $ 4,650,000 $ 2,000,000 $4,450,000 $1,880,000 Administrative expenses. Total operating expenses Income from operations Other revenue... 1,500,000 $ 3,500,000 $ 1,150,000 1,410,000 $3,290,000 $1,160,000 150,000 140,000 $ 1,300,000 $1,300,000 Other expense (interest) Income before income tax 170,000 150,000 $1,150,000 $ 1,130,000 Income tax expense 230,000 225,000 $ 925,000 Net income $ 900,000 Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Υ2 20Υ1 Assets Current assets: Cash $ 500,000 $ 400,000 Marketable securities.. 1,010,000 1,000,000 Accounts receivable (net) 740,000 510,000 Inventories 1,190,000 950,000 Prepaid expenses Total current assets.. 250,000 229,000 $3,690,000 $3,089,000 Long-term investments.. Property, plant, and equipment (net) Total assets 2,350,000 2,300,000 3,740,000 3,366,000 $9,780,000 $8,755,000 Liabilities Current liabilities. $ 900,000 $ 880,000 Long-term liabilities: Mortgage note payable, 10%.. Bonds payable, 10%.. $ 200,000 2$ 01 1,500,000 1,500,000 $1,700,000 Total long-term liabilities Total liabilities $1,500,000 $2,600,000 $2,380,000 Stockholders' Equity Preferred $0.90 stock, $10 par. Common stock, $5 par. $ 500,000 $ 500,000 500,000 500,000 Retained earnings. Total stockholders' equity. 6,180,000 5,375,000 $6,375,000 $8,755,000 $7,180,000 Total liabilities and stockholders' equity. $9,780,000 Instructions ctermine the following measures for 20Y2, rounding to one decimal place including

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I uploaded pictures for problem 17-4B.

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Current ratio

17. Dividends per share of Common Stock

18. Dividend yield
### Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 #### 20Y1 - **Retained earnings, January 1:** $4,945,000 - **Net Income:** $925,000 - **Total:** $5,870,000 **Dividends:** - Preferred stock dividends: $45,000 - Common stock dividends: $50,000 - Total dividends: $95,000 **Retained earnings, December 31:** $5,375,000 #### 20Y2 - **Retained earnings, January 1:** $5,375,000 - **Net Income:** $900,000 - **Total:** $6,275,000 **Dividends:** - Preferred stock dividends: $45,000 - Common stock dividends: $50,000 - Total dividends: $95,000 **Retained earnings, December 31:** $6,180,000 --- This table is a financial statement showing the retained earnings of Stargel Inc. for the years 20Y1 and 20Y2, detailing income, dividends, and retained earnings at the start and end of each year.
Transcribed Image Text:### Stargel Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 #### 20Y1 - **Retained earnings, January 1:** $4,945,000 - **Net Income:** $925,000 - **Total:** $5,870,000 **Dividends:** - Preferred stock dividends: $45,000 - Common stock dividends: $50,000 - Total dividends: $95,000 **Retained earnings, December 31:** $5,375,000 #### 20Y2 - **Retained earnings, January 1:** $5,375,000 - **Net Income:** $900,000 - **Total:** $6,275,000 **Dividends:** - Preferred stock dividends: $45,000 - Common stock dividends: $50,000 - Total dividends: $95,000 **Retained earnings, December 31:** $6,180,000 --- This table is a financial statement showing the retained earnings of Stargel Inc. for the years 20Y1 and 20Y2, detailing income, dividends, and retained earnings at the start and end of each year.
### Stargel Inc. Financial Analysis #### Comparative Income Statement **For the Years Ended December 31, 20Y2 and 20Y1** - **Sales** - 20Y2: $10,000,000 - 20Y1: $9,400,000 - **Cost of Goods Sold** - 20Y2: $5,350,000 - 20Y1: $4,950,000 - **Gross Profit** - 20Y2: $4,650,000 - 20Y1: $4,450,000 - **Selling Expenses** - 20Y2: $2,000,000 - 20Y1: $1,880,000 - **Administrative Expenses** - 20Y2: $1,500,000 - 20Y1: $1,410,000 - **Total Operating Expenses** - 20Y2: $3,500,000 - 20Y1: $3,290,000 - **Income from Operations** - 20Y2: $1,150,000 - 20Y1: $1,160,000 - **Other Revenue** - 20Y2: $180,000 - 20Y1: $190,000 - **Other Expense (Interest)** - 20Y2: $130,000 - 20Y1: $150,000 - **Income Before Income Tax** - 20Y2: $1,200,000 - 20Y1: $1,200,000 - **Income Tax Expense** - 20Y2: $1,130,000 - 20Y1: $1,150,000 - **Net Income** - 20Y2: $230,000 - 20Y1: $225,000 --- #### Comparative Balance Sheet **December 31, 20Y2 and 20Y1** ##### Assets - **Current Assets:** - Cash: - 20Y2: $500,000 - 20Y1: $400,000 - Marketable Securities: - 20Y2: $1,
Transcribed Image Text:### Stargel Inc. Financial Analysis #### Comparative Income Statement **For the Years Ended December 31, 20Y2 and 20Y1** - **Sales** - 20Y2: $10,000,000 - 20Y1: $9,400,000 - **Cost of Goods Sold** - 20Y2: $5,350,000 - 20Y1: $4,950,000 - **Gross Profit** - 20Y2: $4,650,000 - 20Y1: $4,450,000 - **Selling Expenses** - 20Y2: $2,000,000 - 20Y1: $1,880,000 - **Administrative Expenses** - 20Y2: $1,500,000 - 20Y1: $1,410,000 - **Total Operating Expenses** - 20Y2: $3,500,000 - 20Y1: $3,290,000 - **Income from Operations** - 20Y2: $1,150,000 - 20Y1: $1,160,000 - **Other Revenue** - 20Y2: $180,000 - 20Y1: $190,000 - **Other Expense (Interest)** - 20Y2: $130,000 - 20Y1: $150,000 - **Income Before Income Tax** - 20Y2: $1,200,000 - 20Y1: $1,200,000 - **Income Tax Expense** - 20Y2: $1,130,000 - 20Y1: $1,150,000 - **Net Income** - 20Y2: $230,000 - 20Y1: $225,000 --- #### Comparative Balance Sheet **December 31, 20Y2 and 20Y1** ##### Assets - **Current Assets:** - Cash: - 20Y2: $500,000 - 20Y1: $400,000 - Marketable Securities: - 20Y2: $1,
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