Answers to Balance Sheet Questions
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The following information pertains to Tyson Company:
Cash $ 40,000
Accounts receivable 105,000
Merchandise inventory 75,000
Plant assets (net) 380,000
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Total assets $600,000
Accounts payable $ 55,000
Accrued taxes and expenses payable 25,000
Long-term debt 140,000
Common stock ($10 par) 160,000
Paid-in capital in excess of par 40,000
Retained earnings 180,000
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Total equities $600,000
Net sales (all on credit) $800,000
Cost of goods sold 600,000
Net income 81,000
INSTRUCTIONS:
Compute the following:
(It is not necessary to use averages for any balance sheet figures involved.)
(a) Current ratio
(b) Inventory turnover
(c) Receivables turnover
(d) Book value per share
(e) Earnings per share
(f) Debt to total assets
(g) Profit margin on sales
(h) Return on common stock equity
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This solution involves answers to various questions regarding balance sheets.
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