The comparative financial statements of Triad Images Inc. are as follows. The market price of Triad Images Inc. common stock

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The comparative financial statements of Triad Images Inc. are as follows. The market price of Triad Images Inc. common stock was $55 on December 31, 2008. 

 

Triad Images Inc. 

Comparative

retained earnings statement for years ended december 31, 2008 and 2007 

 

                               dec 31 2008 dec 31 2007 

retained earnings January 1 1,006,500 781,500 

add net income for year 430,000 277,500 

total 1,436,500 1,059,000 

deduct dividends on 

preferred stock 12,500 12,500 

on common stock   40,000 40,000 

    total      52,500           52,500

 retained earnings dec 31 1,384,000   1,006,500 

 

triad images inc. 

comparative income statement for years ended december 31, 2008 and 2007 

2008 2007

sales 3,005,000 3,062,500 

sales returns and allowances 35,000 22,500 

net sales 3,360,000 3,040,000 

cost of goods sold 1,500,000 1,437,500 

gross profit 1,860,000 1,602,500 

selling expenses   726,000 718,750 

admin expenses  486,000 475,000 

total operating expenses    1,212,000 1,193,750 

income from operations          648,000 408,750 

other income  48,000 37,500 

696,000 446,250 

other expense

  interest 98,000 50,000 

income before income tax    598,000 6,250

income tax expense            168,000 118,750 

net income    430,000 277,500 

 

TRIAD IMAGES INC. comparative balance sheet december 31 2008 and 2007 2008 2007 assets cash 132,000 120,000 marketable securities 387,000 157,500 accounts receivable net 260,000 196,500 inventories 425,000 332,500 prepaid expenses 27,500 35,000 total current assets 1,231,500 841,500 Long term investments 319,500 250,000 Prop, plant, equip net 2,575,000 2,000,000 Total assets 4,126,000 3,091,500 Liabilities Current Liabilities 342,000 285,000 Long term liabilities mortgage payable, 8% due 2013 600,000 Bonds payable 10%, due 2017 500,000 500,000 Total long term liabilities 1,100,000 500,000 Stockholders Equity Preferred 2.50 stock $100 par 500,000 500,000 common stock $20 par 800,000 800,000 retained earnings 1,384,000 1,006,500 total stockholders equity 2,684,000 2,306,500 Total liabilities stockholder equity4,126,000 3,091,500

 

Determine the following measures for 2008 rounding to one decimal place:

 

1. Working capital

2. current ratio

3. quick ratio

4. accounts receivable turnover

5. number of days sales in receivables

6. inventory turnover

7. number of days sales in inventory

8. ratio of fixed assets to long term liabilities

9. ratio of liabilities to stockholders equity

10. number of times interest charges earned

11. number of times preferred dividends earned

12. ratio of net sales to assets

13. rate earned on total assets

14. rate earned on stockholders equity

15. rate earned on common stockholders equity

16. earnings per share on common stock

17. price earnings ratio

18. dividends per share of common stock

19. dividend yield

 

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