P15-26a comparative financial statement data of danfield, inc.,

Comparative financial statement data of Danfield, Inc., follow:   Danfield, Inc.   Comparative Income Statement   Years Ended December 31, 2012 and 2011     2012 2011   Net sales 467,000 428,000   Cost of goods sold 237,000 218,000   Gross profit 230,000 210,000   Operating expenses 136,000 134,000   Income from operations 94,000 76,000   Interest expense 9,000 10,000   Income before income tax 85,000 66,000   Income tax expense 24,000 27,000   Net income 61,000 39,000            Danfield, Inc.   Comparative Balance Sheet  Years Ended December 31, 2012 and 2011      2012 2011  2010*   Current assets:             Cash              97,000             95,000    Current receivables, net            112,000           118,000           102,000  Inventories            145,000           163,000           203,000  Prepaid expenses              12,000              5,000    Total current assets            366,000           381,000    Property, plant, and equipment, net            211,000           179,000    Total assets            577,000           560,000           598,000          Total current liabilities            225,000           246,000    Long-term liabilities            114,000             97,000    Total liabilities            339,000           343,000    Preferred stock, 3%            108,000           108,000    Common stockholders’ equity, no par            130,000           109,000    Total liabilities and stockholders’ equity            577,000           560,000           * Selected 2010 amounts           1. Market price of Danfield’s common stock: $86.58 at December 31, 2012 and $46.54 at December 31, 2011. 2. Common shares outstanding: 12,000 during 2012 and 10,000 during 2011 and 2010. 3. All sales on credit.               Requirements       1.  Compute the following ratios for 2012 and 2011:     a.  Current ratio       b.  Times-interest-earned ratio       c.  Inventory turnover       d.  Gross profit percentage       e.  Debt to equity ratio       f.  Rate of return on common stockholders’ equity     g.  Earnings per share of common stock     h.  Price/earnings ratio  
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Australia Assessments
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
The work is of really good quality and was finished on time.
Customer 454439, June 15th, 2020
English 101
I don’t have any comment it’s very good
Customer 454499, June 17th, 2020
Very nice content. I am glad you took the corrections to heart and made the changes. Commendable work.
Customer 463679, February 22nd, 2023
The writer did a really good job on the research.
Customer 463869, April 14th, 2023
Good job
Customer 463647, February 28th, 2023
The paper was beautifully written and the ppt slide exceeded my expectations. Thank you so much for assisting me with a last minute assignment.
Customer 452455, May 9th, 2023
Business Studies
I got a B on the paper. Which is okay. But would of preferred an A paper since I paid a bit more for better writing.
Customer 454445, June 2nd, 2020
Good work.
Customer 455119, May 27th, 2022
Good work.
Customer 462759, June 15th, 2022
Film & Theater studies
Acquire Grammarly Premium and ensure that your papers are thoroughly checked.
Customer 462759, March 28th, 2022
Public Administration
Be keen on plagiarism.
Customer 462779, March 31st, 2022
Business and administrative studies
The grade was 100%- Oh man I will be back again. Thank you.
Customer 463293, April 27th, 2023
Customer reviews in total
Current satisfaction rate
3 pages
Average paper length
Customers referred by a friend
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat