The following data were taken from the financial statements of
Woodwork Enterprises Inc. for the current fiscal year. Assuming
that there are no intangible assets. Property, plant, and equipment
(net) $914,400 Liabilities: Current liabilities $153,000 Mortgage
note payable, 10%, ten-year note issued two years ago 762,000 Total
liabilities $915,000 Stockholders' equity: Preferred $2 stock, $100
par (no change during year) $686,250 Common stock, $10 par (no
change during year) 686,250 Retained earnings: Balance, beginning
of year $732,000 Net income 300,000 $1,032,000 Preferred dividends
$13,725 Common dividends 103,275 117,000 Balance, end of year
915,000 Total stockholders' equity $2,287,500 Sales $8,823,250
Interest expense $74,670 Beginning-of-the-year amounts: Property,
plant, and equipment (net) $ 1,601,000 Total assets 3,042,000
Retained earnings 732,000
Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders’ equity, (d) asset turnover, (e) return on total assets, (f) return on stockholders’ equity, and (g) return on common stockholders' equity. Round to two decimal places.
Determine the following: (a) debt ratio, (b) ratio of fixed assets to long-term liabilities, (c) ratio of liabilities to stockholders’ equity, (d) asset turnover, (e) return on total assets, (f) return on stockholders’ equity, and (g) return on common stockholders' equity. Round to two decimal places.
