Automotive Solutions Inc. common stock was $65 on December 31,
20Y8.
The comparative financial statements of...
Automotive Solutions Inc. common stock was $65 on December 31,
20Y8.
The comparative financial statements of Automotive Solutions
Inc. are as follows. The market price of Automotive Solutions Inc.
common stock was $65 on December 31, 20Y8.
AUTOMOTIVE SOLUTIONS INC.
Comparative Income Statement
For the Years Ended December 31, 20Y8 and 20Y7
20Y8
20Y7
Sales
$4,623,455
$4,259,770
Cost of goods sold
(1,655,640)
(1,523,190)
Gross profit
$2,967,815
$2,736,580
Selling expenses
$(986,560)
$(1,230,500)
Administrative expenses
(840,405)
(722,680)
Total operating expenses
(1,826,965)
(1,953,180)...
Twenty metrics of liquidity, Solvency, and Profitability
The comparative financial statements of Automotive Solutions
Inc. are...
Twenty metrics of liquidity, Solvency, and Profitability
The comparative financial statements of Automotive Solutions
Inc. are as follows. The market price of Automotive Solutions Inc.
common stock was $56 on December 31, 20Y8.
AUTOMOTIVE SOLUTIONS INC.
Comparative Income Statement
For the Years Ended December 31, 20Y8 and 20Y7
20Y8
20Y7
Sales
$4,234,000
$3,901,040
Cost of goods sold
(1,511,100)
(1,390,210)
Gross profit
$2,722,900
$2,510,830
Selling expenses
$(975,730)
$(1,167,160)
Administrative expenses
(831,180)
(685,480)
Total operating expenses
(1,806,910)
(1,852,640)
Operating income
$915,990
$658,190...
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall Inc....
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall Inc. common stock was $ 57 on
December 31, 20Y2.
Marshall Inc.
Comparative Retained Earnings
Statement
For the Years Ended December 31, 20Y2 and
20Y1
20Y2
20Y1
Retained earnings, January 1
$ 1,662,900
$ 1,409,300
Net income
369,200
288,600
Total
$ 1,962,100
$ 1,697,900
Dividends
On preferred stock
$ 6,300
$ 6,300
On common stock
28,700
28,700
Total dividends
$ 35,000
$ 35,000
Retained earnings,...
The comparative financial statements of Blige Inc. are as
follows. The market price of Blige Inc....
The comparative financial statements of Blige Inc. are as
follows. The market price of Blige Inc. common stock was $57 on
December 31, 2016.
Blige
Inc.
Comparative Retained Earnings Statement
For the
Years Ended December 31, 2016 and 2015
2016
2015
Retained earnings,
January 1
$1,944,750
$1,648,550
Add net income for
year
432,000
337,700
Total
$2,376,750
$1,986,250
Deduct
dividends
On preferred
stock
$7,000
$7,000
On common
stock
34,500
34,500
Total
$41,500
$41,500
Retained earnings,
December 31
$2,335,250
$1,944,750
Blige
Inc....
The comparative financial statements of Blige Inc. are as
follows. The market price of Blige Inc....
The comparative financial statements of Blige Inc. are as
follows. The market price of Blige Inc. common stock was $64 on
December 31, 2016.
Blige Inc.
Comparative Retained Earnings
Statement
For the Years Ended December 31, 2016 and
2015
2016
2015
Retained earnings, January 1
$2,464,650
$2,084,550
Add net income for year
577,600
427,000
Total
$3,042,250
$2,511,550
Deduct dividends
On preferred stock
$7,000
$7,000
On common stock
39,900
39,900
Total
$46,900
$46,900
Retained earnings, December 31
$2,995,350
$2,464,650
Blige Inc....
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common...
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common stock was $ 59 on
December 31, 20Y2.
Marshall Inc.
Comparative Retained Earnings
Statement
For the Years Ended December 31, 20Y2 and
20Y1
20Y2
20Y1
Retained earnings, January 1
$ 3,340,100
$ 2,813,600
Net income
769,600
576,300
Total
$4,109,700
$ 3,389,900
Dividends:
On preferred stock
$ 9,800
$ 9,800
On common stock
40,000
40,000
Total dividends
$ 49,800
$ 49,800
Retained earnings, December 31...
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common...
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common stock was $ 64 on
December 31, 20Y2. Marshall Inc. Comparative Retained Earnings
Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1
Retained earnings, January 1 $ 2,419,025 $ 2,037,375 Net income
577,600 417,300 Total $2,996,625 $ 2,454,675 Dividends: On
preferred stock $ 9,100 $ 9,100 On common stock 26,550 26,550 Total
dividends $ 35,650 $ 35,650 Retained earnings, December 31...
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common...
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common stock was $ 67 on
December 31, 20Y2.
Marshall Inc.
Comparative Retained Earnings
Statement
For the Years Ended December 31, 20Y2 and
20Y1
20Y2
20Y1
Retained earnings, January 1
$ 4,737,650
$ 3,986,450
Net income
1,110,000
816,500
Total
$5,847,650
$ 4,802,950
Dividends:
On preferred stock
$ 14,000
$ 14,000
On common stock
51,300
51,300
Total dividends
$ 65,300
$ 65,300
Retained earnings, December 31...
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common...
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common stock was $ 59 on
December 31, 20Y2.
Marshall Inc.
Comparative Retained Earnings
Statement
For the Years Ended December 31, 20Y2 and
20Y1
20Y2
20Y1
Retained earnings, January 1
$1,945,250
$1,654,850
Net income
438,000
338,900
Total
$2,383,250
$1,993,750
Dividends:
On preferred stock
$14,000
$14,000
On common stock
34,500
34,500
Total dividends
$48,500
$48,500
Retained earnings, December 31
$2,334,750
$1,945,250
Marshall Inc.
Comparative Income Statement...
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common...
The comparative financial statements of Marshall Inc. are as
follows. The market price of Marshall common stock was $ 59 on
December 31, 20Y2.
Marshall Inc.
Comparative Retained Earnings
Statement
For the Years Ended December 31, 20Y2 and
20Y1
20Y2
20Y1
Retained earnings, January 1
$1,945,250
$1,654,850
Net income
438,000
338,900
Total
$2,383,250
$1,993,750
Dividends:
On preferred stock
$14,000
$14,000
On common stock
34,500
34,500
Total dividends
$48,500
$48,500
Retained earnings, December 31
$2,334,750
$1,945,250
Marshall Inc.
Comparative Income Statement...