The comparative statements of Villa Tool Company are presented below. VILLA TOOL COMPANY Income Statement For the Year Ended December 312008 $1,750,500 Cost of goods sold 1,011,500996,000754,500 Selling and administrative expense 516,000479,000275,500 Interest expense 18,00014,000261,500 Income tax expense 81,00077,000 Net income $ 192,000$ 184,500 VILLA TOOL COMPANY Balance Sheets December 312008 $ 64,200 50,000 102,800 Inventory 123,000115,500Total current assets 369,900332,500 Plant assets (net) 600,300520,300 Total assets $970,200$852,800$145,400 Income taxes payable 43,50042,000Total current liabilities 203,500187,400 Bonds payable 200,000200,000Total liabilities 403,500387,400300,000 Retained earnings 286,700165,400Total stockholders’ equity 566,700465,400 Total liabilities and stockholders’ equity $970,200$852,800All sales were on account. The allowance for doubtful accounts was $3,200 on December 31, 2009, and $3,000 on December 31, 2008. InstructionsCompute the following ratios for 2009. (Weighted average common shares in 2009 were 57,000.) (a) Earnings per share. (b) Return on common stockholders’ equity. (c) Return on assets. (d) Current. (e) Acid-test. (f) Receivables turnover. (g) Inventory turnover. (h) Times interest earned. (i) Asset turnover. (j) Debt to total assets. (Round earnings per share, current ratio and acid-test ratio to 2 decimal places. Round all other answers to 1 decimal place.)(a) Earnings per share $ (b) Return on common stockholders; equity % (c) Return on assets % (e) Acid-test :1 (f) Receivables turnover times (g) Inventory turnover times (h) Times interest earned times (i) Asset turnover times (j) Debt to total assets %
Essay Writing Service Features
Our Experience
No matter how complex your assignment is, we can find the right professional for your specific task. Writing Errands is an essay writing company that hires only the smartest minds to help you with your projects. Our expertise allows us to provide students with high-quality academic writing, editing & proofreading services.Free Features
Free revision policy
$10Free bibliography & reference
$8Free title page
$8Free formatting
$8How Our Essay Writing Service Works
First, you will need to complete an order form. It's not difficult but, in case there is anything you find not to be clear, you may always call us so that we can guide you through it. On the order form, you will need to include some basic information concerning your order: subject, topic, number of pages, etc. We also encourage our clients to upload any relevant information or sources that will help.
Complete the order formOnce we have all the information and instructions that we need, we select the most suitable writer for your assignment. While everything seems to be clear, the writer, who has complete knowledge of the subject, may need clarification from you. It is at that point that you would receive a call or email from us.
Writer’s assignmentAs soon as the writer has finished, it will be delivered both to the website and to your email address so that you will not miss it. If your deadline is close at hand, we will place a call to you to make sure that you receive the paper on time.
Completing the order and download