Statement of Income and Retained Earnings For the Years Ended December 31 20

Statement of Income and Retained Earnings
For the Years Ended December 31
2012 2011
Revenues
Sales (net) $230000 $210000
Other revenues 8000 5000
Total revenues 238000 215000
Expenses 120000 103000
Selling general and administrative expenses 55000 50000
Interest expense 8000 7200
Income tax expense 23000 22000
Total expenses 206000 182200
Net earnings (net income) 32000 32800
Retained earnings January 1 108000 83000
Less: Preferred stock dividends 2800 2800
Common stock dividends 5000 5000
Retained earnings December 31 $132000 $108000 Use the financial statements for Bernard Company from problem 9-22 to calculate the4 following for 2012 amd 2011.
a. Accounts receivable turnover (beginning receivables at January 1 2011 were $47000)
b Average number of days to sell inventory c. Times interest earned d. Plant assets to long-term debt e. Asset turnover f. Quick ratio g. Earnings per share h. Book value per share of common stock i. Divided yield on common stock