[bernalm]

Use the financial statements for Bernard Company from Problem 9-22 to calculate the following for 2012 and 2011.


A. Working capital
B. Current ratio
C. Quick ratio
D. Accounts receivable turnover (beginning receivables at January 1, 2011 were $47,000)
E. Average number of days to collect accounts receivable
F. Inventory turnover ( beginning inventory at January 1, 2011 was $140,000)
G. Average number of days to sell inventory
H. Debt to assets ratio]
I. Debt to equity ratio
J. Times interest earned
K. Plant assets to ling-term debt
L. Net margin
M. Asset turnover
N. Return On investment
O. Return on equity
P. Earnings per share
Q. Book value per share of common stock
R. Price-earnings ratio (market price per share:2011, $11.75, 2012, $12.50)
S. Dividend yield on common stock


Assets 2012 2011
Current Assets
Cash $16,000 $12,000
Marketable securities 20,000 6,000
Accounts receivable (net) 54,000 46,000
Inventories 135,000 143,000
Prepaid items 25,000 10,000
Total current assets $250,000 $217,000
Investment 27,000 20,000
Plant (net) 270,000 255,000
Land 29,000 24,000
Total assets $576,000 $516,000

Liabilities and Stockholder’s Equity
Liabilities
Current liabilities
Notes payable $17,000 $ 6,000
Salaries payable 113,000 100,000
Total current liabilities 21,000 15,000
$151,000 $121,000
Noncurrent liabilities
Bonds payable $100,000 $100,000
Other 32,000 27,000
Total current liabilities $132,000 $127,000
Total liabilities $283,000 $248,000

Stockholder’s equity
Preferred stock, par value 410, 4% cumulative and issued Common stock, no par:, 50,000 shares authorized;


$80,000





$80,000



10,000 shares issued $80,000 $80,000
Retained earnings 132,000 108,000
Total stockholder’s equity $292,000 $268,000
Total liabilities and stockholder’s equity
$576,000
$516,000


Bernard Company
Statements of Income and Retained Earnings
For the Year’s ended December 31
Revenues 2012 2011
Sales (net) $230,000 $210,000
Other revenues 8,000 5,000
Total revenues $238,000 $215,000
Expenses
Cost of goods sold $120,000 $103,00
Selling, general, and administrative expenses
$55,000
$50,000
Interest expense 8,000 7,200
Income tax expense 23,000 22,000
Total expenses 206,000 182,000
Net earnings (net income) 32,000 32,800
Retained earnings, January 1 108,000 83,000
Less: Preferred stock dividends
2,800
2,800
Common stock dividends 5,000 5,000
Retained earnings, December 31
$132,200
$108,000

[pready]

You need to use the financial statements to calculate your different ratios.

If you have a specific question we will try to help you.

If you do not know how to calculate the ratios you should look in an accounting textbook, accountinng reference book, or you can Google it for the formula like the current ratio which is current assets divided by current liabilities.