# I need help with e. through s. PLEASE! Financial statements for Solomon Company follow. SOLOMON COMP

I need help with e. through s. PLEASE!

Financial statements for Solomon Company follow. SOLOMON COMPANY Balance Sheets

As of December 31 2019 2018 Assets Current assets Cash $ 23,000 $ 19,000 Marketable securities 21,400 7,400 Accounts receivable (net) 55,000 47,000 Inventories 140,000 148,000 Prepaid items 29,000 14,000 Total current assets 268,400 235,400 Investments 32,000 25,000 Plant (net) 280,000 265,000 Land 32,000 27,000 Total assets $ 612,400 $ 552,400 Liabilities and Stockholders’ Equity Liabilities Current liabilities Notes payable $ 35,400 $ 13,900 Accounts payable 88,800 75,000 Salaries payable 23,000 17,000 Total current liabilities 147,200 105,900 Noncurrent liabilities Bonds payable 120,000 120,000 Other 29,000 24,000 Total noncurrent liabilities 149,000 144,000 Total liabilities 296,200 249,900 Stockholders’ equity Preferred stock, (par value $10, 4% cumulative, non-participating; 9,000 shares authorized and issued) 90,000 90,000 Common stock (no par; 50,000 shares authorized; 10,000 shares issued) 90,000 90,000 Retained earnings 136,200 122,500 Total stockholders’ equity 316,200 302,500 Total liabilities and stockholders’ equity $ 612,400 $ 552,400 SOLOMON COMPANY Statements of Income and Retained Earnings

For the Years Ended December 31 2019 2018 Revenues Sales (net) $ 370,000 $ 350,000 Other revenues 10,800 7,800 Total revenues 380,800 357,800 Expenses Cost of goods sold 185,000 145,000 Selling, general, and administrative 69,000 64,000 Interest expense 12,200 11,400 Income tax expense 93,000 92,000 Total expenses 359,200 312,400 Net earnings (net income) 21,600 45,400 Retained earnings, January 1 122,500 85,000 Less: Preferred stock dividends 3,600 3,600 Common stock dividends 4,300 4,300 Retained earnings, December 31 $ 136,200 $ 122,500

Required

Calculate the following ratios for 2019 and 2018. Since 2017 numbers are not presented, do not use averages when calculating the ratios for 2018. Instead, use the number presented on the 2018 balance sheet. Working capital. Current ratio. (Round your answers to 2 decimal places.) Quick ratio. (Round your answers to 2 decimal places.) Receivables turnover (beginning receivables at January 1, 2018, were $48,000). (Round your answers to 2 decimal places.) Average days to collect accounts receivable. (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.) Inventory turnover (beginning inventory at January 1, 2018, was $154,000). (Round your answers to 2 decimal places.) Number of days to sell inventory. (Round your intermediate calculations to 2 decimal places and your final answers to the nearest whole number.) Debt to assets ratio. (Round your answers to the nearest whole percent.) Debt to equity ratio. (Round your answers to 2 decimal places.) Number of times interest was earned. (Round your answers to 2 decimal places.) Plant assets to long-term debt. (Round your answers to 2 decimal places.) Net margin. (Round your answers to 2 decimal places.) Turnover of assets. (Round your answers to 2 decimal places.) Return on investment. (Round your answers to 2 decimal places.) Return on equity. (Round your answers to 2 decimal places.) Earnings per share. (Round your answers to 2 decimal places.) Book value per share of common stock. (Round your answers to 2 decimal places.) Price-earnings ratio (market price per share: 2018, $12.45; 2019, $13.90). (Round your intermediate calculations and final answer to 2 decimal places.) Dividend yield on common stock. (Round your answers to 2 decimal places.)

Answer is not complete. 2019 2018 a. Working capital $121,200 correct $129,500 correct b. Current ratio 1.82 correct 2.22 correct c. Quick ratio 0.68 correct 0.69 correct d. Receivables turnover 7.25 correct times 7.37 correct times e. Average days to collect accounts receivable days days f. Inventory turnover times times g. Average days to sell inventory days days h. Debt to assets ratio % % i. Debt to equity ratio j. Number of times interest earned times times k. Plant assets to long-term debt l. Net margin % % m. Asset turnover n. Return on investment % % o. Return on equity % % p. Earnings per share per share per share q. Book value per share per share per share r. Price-earnings ratio s. Dividend yield % %

I need answers to E through S Please!

Balance sheet numbers for 2018 are on the right column, 2019 on the left column.

Please help!