In: Accounting
2013 (Thousands of Dollars, Except Earnings per Share) |
|
---|---|
Sales revenue | $978,000 |
Cost of goods sold | 648,000 |
Net income | 60,600 |
Dividends | 16,800 |
Earnings per share | 4.04 |
Packard Plastics, inc. Balance Sheets (Thousands of Dollars) |
||
---|---|---|
Dec. 31, 2013 | Dec. 31, 2012 | |
Assets | ||
Cash | $4,920 | $2,700 |
Accounts receivable (net) | 80,280 | 60,900 |
Inventory | 177,600 | 140,000 |
Total Current Assets | 219,000 | 203,600 |
Plant assets (net) | 215,000 | 194,000 |
Other assets | 5,300 | 3,900 |
Total Assets | $439,300 | $401,500 |
Liabilities and Stockholders' Equity | ||
Notes payable-banks | $37,200 | $25,000 |
Accounts payable | 33,120 | 23,000 |
Accrued liabilities | 30,120 | 24,800 |
Total Current Liabilities | 83,700 | 72,800 |
10% Bonds payable | 150,000 | 150,000 |
Total Liabilities | 233,700 | 222,800 |
Common stock, $10 par value (12,500,000 shares) | 125,000 | 125,000 |
Retained earnings | 80,600 | 53,700 |
Total Stockholders' Equity | 205,600 | 178,700 |
Total Liabilities and Stockholders' Equity | $439,300 | $401,500 |
Required
a. Using the given data, calculate items 1 through 8 below for 2013
for Packard Plastics, Inc.
Round all answers to two decimal places.
Median Ratios for Manufacturers of Plastic and Synthetic Products |
Ratios for Packard Plastics |
|||
---|---|---|---|---|
1. Quick ratio: | 1.20 | Answer | ||
2. Current ratio: | 1.90 | Answer | ||
3. Accounts Receivable Turnover: | 7.90 | Answer | ||
4. Inventory turnover: | 7.80 | Answer | ||
5. Debt-to-equity ratio: | 0.95 | Answer | ||
6. Gross profit percentage | 32.70 | % | Answer | % |
7. Return on sales | 3.50 | % | Answer | % |
8. Return on assets: | 6.30 | % | Answer | % |
b. Calculate the dividends paid per share of common stock. (Note:
Number of shares shown on balance sheet is not shown in thousands.
The number of shares "in thousands" is 12,500.)
Round answers to two decimal places.
$Answer
What was the dividend payout ratio?
Answer
%
c. If the most recent price per share of common stock is $49.75,
what is the price-earnings ratio?
Round answers to two decimal places.
Answer
The dividend yield?
Answer
%