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Question(s) / Instruction(s):

ACCT2020 Condensed balance sheet and income statement data for Sievert Corporation are presented here.

                                                SIEVERT CORPORATION

Balance Sheet

December 31

Assets                                                                                   2012                                      2011

Cash                                                                                      $30,009                $25,009

Receivables (net)                                                             76,953                  68,953

Other current assets                                                      86,953                  79,953

Long-term investments                                                                75,000                  60,000

Plant and equipment (net)                                          516,953 476,953

Total assets                                                                        $785,868              $710,868

 Liabilities and Stockholders\' Equity                                          

Current liabilities                                                              $80,009 $75,009

Long-term debt                                                                                86,953                  96,953

Common stock                                                                  336,953 306,953

Retained earnings                                                           281,953 231,953

Total liabilities and stockholders\' equity                 $785,868              $710,868

 

SIEVERT CORPORATION

Income Statement

For the Years Ended December 31

                                                                                                                2012                       2011

Sales                                                                                                      $785,482              $677,352

Cost of goods sold                                                                           440,000 400,000

Operating expenses (including income taxes)                     240,000 220,000

Net income                                                                                        $105,482              $57,352

 Additional information:                               

 Cash from operating activities                                                   $91,959 $64,959

Cash used for capital expenditures                                          $49,959 $42,959

Dividends paid                                                                                  $24,959 $19,959

Average number of shares outstanding                                 33,000                   30,000

Required:

Compute these values and ratios for 2011 and 2012.                        2011       2012

(a)          Earnings per share.        

(b)          Working capital $

 

(c)           Current ratio

(d)          Debt to total assets ratio             

(e)          Free cash flow  

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