Financial Ratios
Shown Below Are Some Key Figures from the Balance

question 34

Essay

Financial ratios
Shown below are some key figures from the balance sheets of Minuteman Gas Company for two successive years:
$$\begin{array} { | l | r | r | } \hline & \text { December } 31,2010 & \text { December } 31,2009 \\\hline \text { Total assets (of which } 30 \% \text { are current) } & \$ 2,820,000 & \$ 2,220,000 \\\hline \text { Current liabilities } & \$ 336,000 & \$ 372,000 \\\hline \text { Bonds payable (long term) } & \$ 1,080,000 & \$ 840,000 \\\hline \text { Capital stock, } \$ 6 \text { par value } & \$ 660,000 & 4660,000 \\\hline \text { Retained Earnings } & \$ 828,000 & \$ 480,000 \\\hline\end{array}$$
Dividends of $96,000 were declared and paid in 2010. Compute the following:
$\begin{array}{|l|l|l|}\hline \text { Current ratio at end of } 2009 &\quad\quad\quad&\quad\quad\\\hline \text { Current ratio at end of } 2010 \\\hline \text { Working capital at end of } 2009 \\\hline \text { Working capital at end of } 2010 \\\hline \text { Debt ratio at end of } 2009 \\\hline \text { Debt ratio at end of } 2010 \\\hline \text { Earnings per share for } 2010 \\\hline\end{array}$

Understand preventive measures for eye health.

Learn the anatomical and functional basics of the eye and ear relevant to common disorders.

Understand the process of issuing bonds at face value, discount, and premium, and recognize the impact on financial statements.

Calculate and journalize interest expenses and payments for bonds, including adjustments for accruals and discounts/premiums amortization.

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