In: Finance
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.)