01 Jul Executive Summary of Wahlberg Company, accounting homework help
Write a 700- to 1,050-word Executive Summary using your solutions from P13-2.
Analyze the liquidity, solvency and profitability of Wahlberg Company.
Recommend with supporting points, whether the Company should be considered as an acquisition target.
Following your reference page, include an outline that you used to develop your summary
The comparative statements of Wahlberg Company are presented here.
For the Years Ended December 31
Cost of goods sold
Selling and administrative expenses
Income from operations
Other expenses and losses
Income before income taxes
Income tax expense
Debt investments (short-term)
Total current assets
Plant assets (net)
Liabilities and Stockholders’ Equity
Income taxes payable
Total current liabilities
Common stock ($5 par)
Total stockholders’ equity
Total liabilities and stockholders’ equity
All sales were on account. Net cash provided by operating activities for 2017 was $220,000. Capital expenditures were $136,000, and cash dividends were $70,000.
Compute the following ratios for 2017. (Round all answers to 2 decimal places, e.g. 1.83 or 1.83%.)
(a) Earnings per share
$Entry field with incorrect answer3.61
(b) Return on common stockholders’ equity
Entry field with incorrect answer39.83
(c) Return on assets
Entry field with incorrect answer22.26
(d) Current ratio
Entry field with incorrect answer1.84
(e) Accounts receivable turnover
Entry field with incorrect answer16.73
(f) Average collection period
Entry field with incorrect answer21.82
(g) Inventory turnover
Entry field with incorrect answer8.71
(h) Days in inventory
Entry field with incorrect answer41.91
(i) Times interest earned
Entry field with incorrect answer14.24
(j) Asset turnover
Entry field with incorrect answer1.98
(k) Debt to assets ratio
Entry field with incorrect answer42.17
(l) Free cash flow
$Entry field with incorrect answer28218
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