- Uuuuuli Uuvitu Ratios Compared With Industry Averages Because You Own The Common Stock Of Phantom Corporation A Paper M 1 (136.49 KiB) Viewed 34 times
- Uuuuuli Uuvitu Ratios Compared With Industry Averages Because You Own The Common Stock Of Phantom Corporation A Paper M 2 (198.61 KiB) Viewed 34 times
UUUUULI.UUVITU Ratios Compared with Industry Averages Because you own the common 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: Dec. 31, 2020 Dec 31, 2019 Quick assets $790,000 $642,000 Inventory and prepaid expenses 472,000 412,000 Other assets 4,978,000 4,300,000 Total Assets $6,240,000 $5,354,000 Current liabilities $824,000 $664,000 10% Bonds payable 1,540,000 1,540,000 8% Preferred stock, $100 par value 480,000 480,000 Common stock, $10 par value 2,700,000 2,160,000 Retained earnings 696,000 510,000 Total Liabilities and Stockholders' Equity $6,240,000 $5,354,000 For 2020, net sales amount to $11,470,000, net income is $665,000, and preferred stock dividends paid are $42,000. Calculate the following ratios for 2020: 1. Profit margin Round answer to one decimal place (ex: 0.144555 = 14.5%). 5.8 96 2. Return on assets Round answer to one decimal place (ex: 0.144555 = 14.5%). 11 X 96 3. Return on common stockholders' equity Round answer to one decimal place (ex: 0.144555 = 14.5%). 25.6 X % 8:29 AM 5/3/2022 !! .* 74°F Clear
2. Return on assets Round answer to one decimal place (ex: 0.144555 = 14.5%). 11 X% 3. Return on common stockholders' equity Round answer to one decimal place (ex: 0.144555 = 14.5%). 25.6 X% 4. Quick ratio Round answer to two decimal places (ex: 1.34543 = 1.35). 0.96 5. Current ratio Round answer to two decimal places (ex: 1.34543 = 1.35). 1.53 6. Debt-to-equity ratio Round answer to two decimal places (ex: 1.34543 = 1.35). 0.6