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Accounting Assignment | Buy Homework Help

Calculate the book value per common share for 2014 and evaluate the result against the industry average in Exhibit, explaining why it compares favorably or unfavorably (round to two decimal places).

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Current ratio………………………………………………….. 1.6:1Acid-test ratio …………………………………………………. 1.1:1Accounts receivable turnover ……………………………. 16 timesDays’ sales uncollected…………………………………….. 21 days merchandise turnover ……………………………………… 5 timesDays’ sales in inventory ……………………………………. 70 days total asset turnover …………………………………………. 2.3 times account payable turnover……………………………….. 4 times debt ratio ……………………………………………………… 35%Equity ratio ……………………………………………………. 65%Pledged assets to secured liabilities…………………….. 1.4:1Times interest earned ………………………………………. 50 timesProfit margin………………………………………………….. 14%Gross profit ratio…………………………………………….. 18%Return on total assets ………………………………………. 20%Return on common shareholders’ equity…………….. 32.7%Book value per common share………………………….. $8.63Book value per preferred share………………………….. $15.00Earnings per share …………………………………………… $1.79Price–earnings per share …………………………………… 18.2Dividend yield ………………………………………………… $0.35. Get Accounting Help Today

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