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You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the...

You are evaluating the balance sheet for PattyCake’s Corporation. From the balance sheet you find the following balances: cash and marketable securities = $410,000; accounts receivable = $1,180,000; inventory = $2,080,000; accrued wages and taxes = $490,000; accounts payable = $790,000; and notes payable = $580,000.

Calculate PattyCakes’ current ratio. (Round your answer to 2 decimal places.)

Calculate PattyCakes’ quick ratio. (Round your answer to 2 decimal places.)

Calculate PattyCakes’ cash ratio. (Round your answer to 2 decimal places.)

Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $13.5 million, gross profit of $9.10 million, EBIT of $6.6 million, net income available to common stockholders of $4.2 million, and common stock dividends of $2.2 million. The 2018 year-end balance sheet listed total assets of $53.5 million and common stockholders' equity of $22.0 million with 2.0 million shares outstanding.


Calculate the gross profit margin. (Round your answer to 2 decimal places.)

Calculate the operating profit margin. (Round your answer to 2 decimal places.)

Calculate the profit margin. (Round your answer to 2 decimal places.)

Calculate the basic earnings power. (Round your answer to 2 decimal places.)

Calculate the return on assets. (Round your answer to 2 decimal places.)

Calculate the return on equity. (Round your answer to 2 decimal places.)

Calculate the dividend payout. (Round your answer to 2 decimal places.)

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jeff jeffy answered 10 months ago
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