Question 1 Partially correct Mark 2.50 out of 3.00 P Flag question Ratios Compared with Industry Averages Because you ow

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Question 1 Partially correct Mark 2.50 out of 3.00 P Flag question Ratios Compared with Industry Averages Because you own the common stock of Jacob 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, 2019 Dec 31, 2018 Quick assets $700,000 $552,000 Inventory and prepaid expenses 372,000 312,000 Other assets 4,788,000 4,200,000 Total Assets $5,860,000 $5,064,000 Current liabilities $724,000 $564,000 10% Bonds payable 1,440,000 1,440,000 8% Preferred stock, $100 par value 480,000 480,000 Common stock, $10 par value 2,700,000 2,160,000 Retained earnings 516,000 420,000 Total Liabilities and Stockholders' Equity $5,860,000 $5,064,000 For 2019, net sales amount to $12,500,000, net income is $550,000, and preferred stock dividends paid are $50,000. Required Calculate the following ratios for 2019. Round answers to two decimal places. 1. Return on sales 4.4 % 10:37 C
m/platform/mod/quiz/ Business Course Required Calculate the following ratios for 2019. Round answers to two decimal places. 1. Return on sales 4.4 ✓ % 2. Return on assets 10.07 % 3. Return on common stockholders' equity x % 4. Quick ratio 0.97 5. Current ratio 1.48 6. Debt-to-equity ratio 0.59 Check
e Ratios Compared with Industry Averages Because you own the common stock of Jacob 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, 2019 Dec 31, 2018 Quick assets $700,000 SS52.000 Inventory and prepaid expenses 372.000 312,000 Other assets 4,788,000 4,200,000 Total Assets $5,860,000 55,064,000 Current liabilities $724,000 $564,000 10% Bonds payable 1.440,000 1,440,000 8% Preferred stock, $100 par value 480,000 480,000 Common stock, 510 par value 2.700,000 2,160,000 Retained earnings 516,000 420,000 Total Liabilities and Stockholders Equity $5,860,000 55.064,000 For 2019, net sales amount to $12,500,000, net income is $550,000, and preferred stock dividends paid are $50,000.