## Answers

A | Gross margin percentage = gross profit/sales | 470/1200 | 39% |

B | EPS = net income/number of shares outstanding | 80/100 | 0.8 |

number of shares | 200/2 | 100 | |

C | Price earning ratio = market price/EPS | market price/.8 | market price is not given |

D- | dividend pyout ratio = dividend paid/net income | 30/80 | 37.5% |

portion of net income transferred to retained earning = year end balance of retained earnings-beginning balance | (410-360) | 50 | |

amount of dividend = net income- portion of retained earning transferred to retained earning | 80-50 | 30 | |

E | Dividend Yield ratio = dividend paid/market price | 30/market price | market price is not given |

F | return on total assets = net income/average of total assets | 80/1345 | 5.95% |

average of total assets | (1340+1350)/2 | 1345 | |

G | return on equity = net income/average of equity | 80/915 | 8.74% |

average equity | (940+890)/2 | 915 | |

H | book value per share = total of equity/number of shares | 940/200 | 4.7 |

I | working capital = total of current assets- total of current liabilities | 580-250 | 330 |

J | current ratio = total of current assets/total of current liabilities | 580/250 | 2.32 |

K | Acid test ratio = quick assets/total of current liabilities quick assets = total of current assets- inventory-prepaid expenses | (580-190-20)/250 | 1.48 |

L | Accounts receivable turnover = sales/average accounts receivable | 1200/230 | 5.22 |

average accounts receivables | (220+240)/2 | 230 | |

M | average collection priod = 365/accounts receivable turnover ratio | 365/5.22 | 69.92 |

N | inventory turnover = cost of goods sold/average inventory | 730/175 | 4.17 |

average inventory | (190+160)/2 | 175 | |

O | average sales period =365/inventory turnover ratio | 365/4.17 | 87.53 |

P | Times interest earned = operating profit/interest | 135/21 | 6.43 |

Q | Debt to equity ratio = total of liabilities/total of equity | 400/940 | 42.55% |

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