968000 793000 Dividends On Preferred Stock 40000 40000 OnCommon Stock 45000

968000 793000 dividends on preferred stock 40000

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968,000 793,000 Dividends: On Preferred Stock 40,000 40,000 OnCommon Stock 45,000 30,000 Total 85,000 70,000 Retained Earning December 31. 883,000 723,000 Rainbow Pain Co. Balance Sheet as on December 31, 2006 & 2005 Year Common Size Analysis 2006 2005 2006 2005 Assets Current Assets Cash 175,000 125,000 Marketable Securities 150,000 50,000 Accounts Receivable 425,000 325,000 Inventories 720,000 480,000 Prepaid Expenses 30,000 20,000 Total Current Assets 1,500,000 1,000,000
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Long-term Investments 250,000 225,000 Property, Plant & Equipment (Net) 2,093,000 1,948,000 Total Assets 3,843,000 3,173,000 Liabilities Current Liabilities 750,000 650,000 Long -term Liabilities: Mortgage Note Payable, 10%, due 2009 410,000 0 Bond Payable, 8%, due 2012 800,000 800,000 Total Long - Term Liabilities 1,210,000 800,000 Total Liabilities 1,960,000 1,450,000 Stockholders' Equity Preferred 8% Stock, $100 par 500,000 500,000 Common stock, $10 par 500,000 500,000 Retained Earnings 883,000 723,000 Total Stockholders' Equity 1,883,000 1,723,000 Total Liabilities & Stockholders' Equity 3,843,000 3,173,000 Required: Determine the Following measures for 2006 and Make Common Size Analysis 1-- Working Capital, Current Ratio, Quick Ratio. 2-- Accounts Receivable Turnover. 3-- Number of Days Sales in Receivable. 4-- Inventory Turnover. 5-- Number of Days Sales in Inventory. 6--Ratio of Fixed Assets to Long Term Liabilities. 7--Ratio of Liabilities to stockholders' Equity. 8--Number of times Interest Charges Earned. 9--Number of Times Preferred Dividend Earned.
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10--Ratio of Net Sales to Assets. 11-- Rate Earned to Total Assets. 12--Rate Earned on Stockholders' Equity. 13--Rate Earned on Common Stockholders' Equity. 14--Earning Per Share on Common Stock. 15--Price-earning Ratio. 16--Dividend per Share of Common stock. 17--Dividend Yield.
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