LLS6e_Ch14 - Student Name: Class: Problem 14-05 ARMSTRONG...

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Student Name: Class: Problem 14-05 ARMSTRONG AND BLAIR COMPANIES Ratios for the Year Ended December 31, 2007 Armstrong Hamilton Ratio Company Company Tests of profitability: Return on equity Return on assets Financial leverage percentage Earnings per share Profit margin Fixed asset turnover Tests of liquidity: Cash ratio Current ratio Quick ratio Receivable turnover Inventory turnover Solvency and equity position: Debt/equity ratio Market tests: Price/earnings ratio Dividend yield ratio
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Given Data P14-05: Armstrong Hamilton Company Company 2010 2010 Balance Sheet Cash $41,000 $21,000 Accounts receivable (net) 38,000 31,000 Inventory 99,000 40,000 Operational assets (net) 140,000 401,000 Other assets 84,000 305,000 Total assets $402,000 $798,000 Current liabilities $99,000 $49,000 Long-term debt (10%) 65,000 60,000 Capital stock (par $10) 148,000 512,000 Contributed capital in excess of par 29,000 106,000 Retained earnings 61,000 71,000 Total liability and stockholders' equity $402,000 $798,000
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This note was uploaded on 06/27/2011 for the course ACCOUNTING 121 taught by Professor Ambrose during the Spring '10 term at San Mateo Colleges.

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LLS6e_Ch14 - Student Name: Class: Problem 14-05 ARMSTRONG...

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