(Solution) - The condensed balance sheet and income statement data for Finch -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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The condensed balance sheet and income statement data for Finch Corporation are presented below.

Additional information:
1. The market price of Finch common stock was $5.00, $3.50, and $2.80 for 2010, 2011, and 2012, respectively.
2. You must compute dividends paid. All dividends were paid in cash.
Instructions
(a) Compute the following ratios for 2011 and 2012.
(1) Profit margin.
(2) Gross profit rate.
(3) Asset turnover.
(4) Earnings per share.
(5) Price-earnings.
(6) Payout.
(7) Debt to total assets.
(b) Based on the ratios calculated, discuss briefly the improvement or lack thereof in the financial position and operating results from 2011 to 2012 of FinchCorporation.