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Financial statements for RevnikCompany follow.
REVNIKCOMPANY
Balance Sheets
As of December 31
2015 2014
Assets
Current assets
Cash $ 16,000 $ 12,000
Marketable securities 20,000 6,000
Accounts receivable (net) 54,000 46,000
Inventories 135,000 143,000
Prepaid items 25,000 10,000
Total currentassets 250,000 217,000
Investments 27,000 20,000
Plant (net) 270,000 255,000
Land 29,000 24,000
Total assets $ 576,000 $ 516,000
Liabilitiesand Stockholders’ Equity
Liabilities
Currentliabilities
Notes payable $ 17,000 $ 6,000
Accounts payable 113,800 100,000
Salaries payable 21,000 15,000
Total currentliabilities 151,800 121,000
Noncurrentliabilities
Bonds payablew 100,000 100,000
Other 32,000 27,000
Totalnoncurrent liabilities 132,000 127,000
Totalliabilities 283,800 248,000
Stockholders’equity
Preferred stock,(par value $10, 4% cumulative,
non-participating;8,000 shares authorized and
issued)
80,000 80,000
Common stock (Nopar; 50,000 shares authorized;
10,000 shares issued)
80,000 80,000
Retainedearnings 132,200 108,000
Totalstockholders’ equity 292,200 268,000
Total liabilitiesand stockholders’ equity $ 576,000 $ 516,000
REVNIKCOMPANY
Statements of Income and Retained Earnings
For the Years Ended December 31
2015 2014
Revenues
Sales (net) $ 230,000 $ 210,000
Other revenues 8,000 5,000
Totalrevenues 238,000 215,000
Expenses
Cost of goods sold 120,000 103,000
Selling, general, andadministrative 55,000 50,000
Interest expense 8,000 7,200
Income tax expense 23,000 22,000
Totalexpenses 206,000 182,200
Net earnings (netincome) 32,000 32,800
Retained earnings,January 1 108,000 83,000
Less: Preferred stockdividends 3,200 3,200
Common stock dividends 4,600 4,600
Retained earnings,December 31 $ 132,200 $ 108,000

What are the debt to equity ratio, Plant assets to long termdebt, asset turnover, return on investment, return on equity, andbook value per share for both years.

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Nestor Rutherford
Nestor RutherfordLv2
28 Sep 2019

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