Hartzog Corporation\'s most recent balance sheet and income statement appear bel

Question

Hartzog Corporation's most recent balance sheet and income statement appear below:

40

40

1,220

1,230

$2,500

$2,820

80

260

330

350

$615

$970

485

210

1,885

1,850

$2,500

$2,820

3,480

1,717

110

148

$345

(PLEASE SHOW WORK TO GET RATED!!)

A. 2.43

B. 4.48

C. 3.14

D. 5.48

2.)Hocking Corporation's comparative balance sheet appears below:

Statement of Financial Position
December 31, Year 2 and Year 1
(in thousands of dollars) Year 2 Year 1 Assets   Current assets:     Cash $340 $320     Accounts receivable 600 580     Inventory 300 650     Prepaid expenses

40

40

  Total current assets 1,280 1,590   Plant and equipment, net

1,220

1,230

  Total assets

$2,500

$2,820

Liabilities and Stockholders' Equity   Current liabilities:     Accounts payable $185 $340     Accrued liabilities 20 20     Notes payable, short term

80

260

  Total current liabilities 285 620   Bonds payable

330

350

  Total liabilities

$615

$970

  Stockholders' equity:     Preferred stock, $100 par value, 5% 200 440     Common stock, $2 par value 910 910     Additional paid-in capital--common stock 290 290     Retained earnings

485

210

  Total stockholders' equity

1,885

1,850

  Total liabilites & stockholders' equity

$2,500

$2,820

Explanation / Answer

d and b

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