Condensed balance sheet and income statement data for Sievert Corporation - 25384

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Condensed balance sheet and income statement data for Sievert Corporation are presented here and on the next page.

SIEVERT CORPORATIONBalanceSheetsDecember 31

Assets

2012

2011

Cash

$ 28,000

$ 20,000

Receivables (net)

70,000

62,000

Other current assets

90,000

73,000

Long-term investments

62,000

60,000

Plant and equipment (net)

510,000

470,000

Total assets

$760,000

$685,000

Liabilities and Stockholders’ Equity

 

 

Current liabilities

$ 75,000

$ 70,000

Long-term debt

80,000

90,000

Common stock

330,000

300,000

Retained earnings

275,000

225,000

Total liabilities and stockholders’ equity

$760,000

$685,000

     

SIEVERT CORPORATIONIncomeStatementsFor the Years Ended December 31

 

2012

2011

Sales

$750,000

$680,000

Cost of goods sold

440,000

400,000

Operating expenses (including income taxes)

240,000

220,000

Net income

$ 70,000

$ 60,000

     
           

Additional information:

Cash from operating activities

$82,000

$56,000

Cash used for capital expenditures

$45,000

$38,000

Dividends paid

$20,000

$15,000

Average number of shares outstanding

33,000

30,000

Compute and interpret liquidity, solvency, and profitability ratios.

(SO 2, 4, 5), AP

 

Instructions

Compute these values and ratios for 2011 and 2012.

  1. Earnings per share.
  2. Working capital.
  3. Current ratio.
  4. Debt to total assets ratio.
  5. Free cash flow.
  6. Based on the ratios calculated, discuss briefly the improvement or lack thereof in financial position and operating results from 2011 to 2012 of Sievert Corporation.
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