Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 80,000$ 72,000Inventory84,00070,000Net sales400,000372,000Cost of goods sold254,000216,000Total assets850,000810,000Total stockholders’ equity500,000450,000Net income75,00056,000 What is the profit margin for 2024?Note: Round your answer to one decimal place.

Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 80,000$ 72,000Inventory84,00070,000Net sales400,000372,000Cost of goods sold254,000216,000Total assets850,000810,000Total stockholders’ equity500,000450,000Net income75,00056,000 What is the asset turnover for 2024?Note: Round your answer to one decimal place.

Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 89,000$ 77,000Inventory94,00078,000Net sales450,000383,000Cost of goods sold256,000217,000Total assets810,000755,000Total stockholders’ equity505,000430,000Net income75,00053,000 What is the return on assets for 2024?Note: Round your answer to one decimal place.

A low current ratio indicates that a company has sufficient current assets to pay current liabilities as they become due.

Which of the following is an example of horizontal analysis?

Excerpts from Nationwide Company’s December 31, 2024 and 2023, financial statements are presented below: 20242023Accounts receivable$ 45,000$ 40,000Inventory32,00044,000Net sales196,000195,000Cost of goods sold121,000118,000Current liabilities153,000129,000Interest-bearing debt215,000237,000Total stockholders’ equity248,000229,000Net income37,50035,000 What is the debt to equity ratio for 2024?

Under the indirect method, an increase in inventory is added to net income and a decrease in inventory is subtracted from net income to arrive at net cash flows from operating activities.

Recent financial statement data for Bethell Foods Incorporated is shown below: Current liabilities$ 180Income before interest and taxes$ 12510% Bonds, long-term360Interest expense36Total liabilities540Income before income tax expense89Stockholders’ equity Income tax expense27Common stock200Net income$ 62Retained earnings280 Total stockholders’ equity480 Total liabilities and equity$ 1,020 What is the times interest earned ratio?Note: Round your answer to two decimal places.

For vertical analysis, we express each balance sheet item as a percentage of sales.

The ending Retained Earnings balance of Lambert Incorporated increased by $2.1 million from the beginning of the year. The company’s net income earned during the year is $6.3 million. What is the amount of dividends Lambert Incorporated declared and paid?