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Question 2 Not complete Mark .DU DULUI 1.00 Ratios Compared with Industry Averages Packard Plastics, Inc., manufactures various plastic and synthetic products, Financial statement data for the firm f 2013 (Thousands of Dollars, Except Earnings per Share) Sales revenue $978,000 Cost of goods sold 648,000 Net income 60,600 Dividends 16,800 Earnings per share 4.04 Packard Plastics, inc. Balance Sheets (Thousands of Dollars) Dec 31, 2013 Dec 31, 2012 Assets Cash Accounts receivable (net) Inventory Total Current Assets Plant assets (net) Other assets $4,920 80,280 177,600 219,000 215,000 5,300 $2,700 60.900 140,000 203,600 194,000 3,900 Apps My Baker Baker College Mall Dasma Business Course Return to course Packard Plastics, inc. Balance Sheets (Thousands of Dollars) Dec. 31, 2013 Dec. 31, 2012 Assets Cash Accounts receivable (net) Inventory Total Current Assets Plant assets (net) Other assets $4,920 80,280 177,600 219,000 215,000 5,300 $2,700 60,900 140,000 203,600 194,000 3,900 $401,500 $439,300 $37,200 33,120 Total Assets Liabilities and Stockholders' Equity Notes payable-banks Accounts payable Accrued liabilities Total Current Liabilities 10% Bonds payable Total Liabilities Common stock, $10 par value (12,500,000 shares) Retained earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 30.120 83.700 150.000 233,700 125,000 80,600 205,600 $439 300 $25,000 23,000 24,800 72.800 150,000 222,800 125,000 53,700 78.700 Required | nd all answers to two decimal places. Ratios for Packard Plastics 1.20 0 x Median Ratios for Manufacturers of Plastic and Synthetic Products Quick ratio: Current ratio: 1.90 Accounts Receivable Turnover: 7.90 Anventory turnover: 7.80 5. Debt-to-equity ratio: 0.95 5. Gross profit percentage 32.70 % 7. Return on sales 3.50 % 8. Return on assets: 6.30 % 0 x 0 x 0 x 0 x % 0 X 0 x % b. Calculate the dividends paid per share of common stock. (Note: Number of sh thousands" is 12,500.) Round answers to two decimal places. $ 0x What was the dividend payout ratio? x % c. If the most recent price per share of common stock is $49.75, what is the price-ea Round answers to two decimal places. Business Course Return to course b. Calculate the dividends paid per share of common stock. (Note: Number of shares shown on balance thousands" is 12,500.) Round answers to two decimal places. $ 0 What was the dividend payout ratio? 0 x c. If the most recent price per share of common stock is $49.75, what is the price-earnings ratio? Round answers to two decimal places. 0 % The dividend yield? 0 X % Check

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