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The comparative statements of Villa Tool Company are presented below.
For the Year Ended December 31
1,011,500
996,000
516,000
479,000
18,000
14,000
81,000
77,000
$ 192,000
$ 184,500
December 31
123,000
115,500
369,900
332,500
600,300
520,300
$970,200
$852,800
43,500
42,000
203,500
187,400
200,000
403,500
387,400
286,700
165,400
566,700
465,400
Compute the following ratios for 2012. (Weighted average common shares in 2012 were 57,000, and all sales were on account.)
(a) Earnings per share$
(b) Return on common stockholders' equity
(c) Return on assets
(d) Current:1
(e) Acid-test:1
(f) Receivables turnovertimes
(g) Inventory turnovertimes
(h) Times interest earnedtimes
(i) Asset turnovertimes
(j) Debt to total assets
he market rate of interest 12%. The interest is paid on June 30 and December 31. Find out the price of the bonds at January 1, 2010. Prepare the journal entry to record the issuance by Carla Industries on Jan 1, 2010
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