Order Info BR-1804281 x YÍ WileyPLUS xC Question 5 The Compar CSecure https://ed

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Order Info BR-1804281 x YÍ WileyPLUS xC Question 5 The Compar CSecure https://edugen.wileyplus.com/ed Retun to Blackboard Accounting, 6e BACK ASSIGNMENT RESOURCES Problem 13-2A The comparative statements of Pharoah Company are presented here. Exerose6 13-2 For the Years Ended Problem 13-3 2016 Net sales Cost of goods sald Gross profit Salling and administrative axpanees Income from operetions Other axpenses and lcsses $1.893.940 1,061,940 832.000 1.753.900 Review Results by Study 744.500 482,400 262.100 503,400BEAD 328.600 Interest expense Income before income taxes Income tax expense Net income 304,500 240,000 75,100 164,900 Balance Sheets Current assets 60,100 64,200 30,000 121,200 105,200 117.600 383,400 33,000 662.000 533.300 S1.045.400 $971.300 Debt investments (ahort-tarm) Accounts receivable 74,000 128.100 Total current assets Plant assets (nat) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable 163,40D 143,800 O Type here to search 2-24 PM V30/2018 100%

Explanation / Answer

Solution a:

Earning per share = Earning for common shareholders / Weighted average outstanding shares

Outstandin common shares = $290,000 / 5 = 58000 shares

EPS - 2017 = $210,400 / 58000 = $3.63 per share

Solution b:

Return on common shareholer equity = Net Income / Average shareholder equity

Average shareholder equity 2017 = ($603,400 + $465,400) / 2 = $534,400

Return on common shareholder equity = $210,400 / $534,400 = 39.37%

Solution c:

Return on assets = Net Income / Average total assets

Average total assets 2017 = ($1,045,400 + $871,300) / 2 = $958,350

Return on assets = $210,400 / $958,350 = 21.95%

Solution d:

Current ratio = Current assets / Current liabilities

= $383,400 / $209000 = 1.83

Solution e:

Accounts receivables turnover = Credit Sales / Average accounts receivables

Average accounts receivables = ($121,200 + $106,200) / 2 = $113,700

Accounts receivables turnover = $1,893,940 / $113,700 = 16.66

Solution f:

Average collection period = 365 / Accounts receivables turnvoer = 365 /16.66 = 21.91 days

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