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See homework attached below that now includes the requirements for the assignment.  Let me know when you receive it.  I won’t allow me to send without adding a price but we already agreed on a price, but I will check $3.00 so that I can send you the file.

Jeffersonian Corporation has been in business for over 50 years. The company is looking to expand
operations into the Pacific Rim and would like an analysis of its financial statements to be prepared.
Review the financial statements below:

Jeffersonian Corporation
Comparative lncome Statement
For years ended December 31, 2011 and

2010

Sale

s

Cost of goods sold

Gross Profit
Operating Expenses
Salaries Expense

Contract Labor Expense
lnsurance Expense
Supplies expense

Depreciation Expense
Miscellaneous expense
Marketing and Promotion expense
Total operating expenses

Operating lncome
lnterest expense
lncome before taxes
lncome taxes

Net lncome

5 l78,ooo.oo $ l5o,ooo.oo

s
s
s

s
s

s

20Lt
2,486,000.00

L,523,000.00

2010

S z,o7s,ooo.oo
5 r,222,ooo.oo

s
s
s

s
s
s
s

963,000.00

1

45,000.00

240,OOO.OO

165,000.00

100,000.00

26,000.00

85,000.00

17,000.00

853,000.00

100,000.00

280,000.00

200,000.00

45,000.00

35,000.00

75,000.00

15,000.00

s
s

s

5

5

s
S

185,000.00

44,000.00
103,000.00

46,000.00

S r41,ooo.oo S 57,000.00
s +7,000.00 $ 19,000.00

94,000.00 38,000.00

Jeffersonian Corporation
Comparative Balance Sheet
For years ended December 3!,zOtl- and 2010

Assets
20!L

Current Assets
Cash

Marketable Securities
Accounts receivable
Merchandise inventory
Total current assets

Fixed Assets

Store Equipment, net
Office Equipment, et
Building, net
Land

Total fixed assets
Total assets

Liabilities
Current Liabilities
Accounts payable

Short term Liabilities
Taxes payable

Total current liabilities
Long-term liabilities

Mortgage payable

Total liabilities
Stockholder’s Equity

Common Stock, 55 par value
Retained earnings

Total stockholder’s equity
Total

S l9,ooo.oo S
S o5,ooo.oo S
S r2o,ooo.oo S
S z5o,ooo.oo S

2010

42,OO0.OO

96,000.00

100,000.00

265,000.00

S s14,ooo.oo S so3,ooo.oo
s

s
5

s

400,000.00

45,000.00

625,000.00

100,000.00

3

50,000.00

50,000.00

675,000.00

100,000.00
s
s
s

$

S 1,17o,ooo.oo S 1,175,ooo.oo
1,684,000.00 1,679,000.00

5 164,000.00 S
S z5,ooo.oo S

1

90,000.00

90,000.00

S z6,000.00 S r2,ooo.oo
265,000.00 292,OOO.OO

5 400,000.00 420,000.00

s
s
s
s

665,000.00

475,000.00

544,000.00

712,OOO.OO

475,000.00

491,000.00

S 1,o19,ooo.oo S g66,000.00
1,684,000.00 1,678,000.00

REQUIRED:

1. Prepare comparative income statements for year 20LI in comparison to year 2010.

2. Prepare common-size comparative balance sheet for years 2011 and 2010

3. Compute the following ratios for 20j.1.

Current ratio
Profit margin ratio
Acid-test ratio
Total asset turnover
Accounts receiva ble turnover
Return on total assets
Days’ sales uncollected
Earnings per share
lnventory turnover
Price earnings ratio
Debt-to-equity ratio
Dividend yield
Times interest earned