Rhodes Bakery The balance sheet taken from the company's 2020 10-K is provided below:

Question

 December 31
Assets:2020
2019
Current Assets:   Cash$   61,100
$54,000
 Accounts Receivable22,500
17,500
 Inventory8,500
7,000
 Other Current Assets       6,500
    5,500
 Total Current Assets98,600
84,000
Long-term Assets:   Property, Plant & Equipment, net744,900
25,000
 Intangible Assets     211,250
  225,000
Total Assets$1,054,750
$334,000
    Liabilities and Stockholders' Equity  Current Liabilities:   Accounts Payable$     5,500
$    4,500
 Interest Payable500
500
 Current Portion of Long-Term Debt15,000
0
 Income Tax Payable       18,500
    23,000
 Total Current Liabilities$     39,500
28,000
Long-term Liabilities:   Notes Payable     246,250
    15,000
 Total Liabilities285,750
43,000
Stockholders' Equity   Common Stock60,000
35,000
 Additional Paid-in Capital654,000
186,000
 Retained Earnings92,500
70,000
 Treasury Stock     (37,500)
             0
 Total Stockholders' Equity  769,000
  291,000
Total Liabilities and Stockholders' Equity$1,054,750
$334,000
Refer to Rhodes Bakery. Calculate the following stockholder ratios for 2020 and 2019: Earnings per Share, Return on Common Equity, Dividend Yield, Dividend Payout, Total Payout, and Stock Repurchase Payout Ratios. Round your answers to two decimal places, then comment on the company's stockholder performance.Additional information is available below:
 2020
2019
Net Income$24,000
$28,750
Dividends Paid$  1,500
$  875
Average number of shares outstanding22,812
17,500
Closing market price per share$  24.00
$  18.00
The company had no preferred stock throughout the period 2018 through 2020. At December 31, 2018, total stockholders' equity was $287,500.

What will be an ideal response?

Answer 1