Condensed balance sheet and income statement data for Martinez Corporation are presented here.
able[[ able[[Martinez Corporation],[Balance Sheets],[December 31]]],[,2025,2024,2023],[Cash,$32,000,$22,000,$20,000
Condensed balance sheet and income statement data for Martinez Corporation are presented here
Martinez Corporation Balance Sheets December31
2025
2024
2023
Cash
$32,000
$22,000
$20,000
Accounts receivable(net)
52,000
47,000
50,000
Other current assets
94,000
99,000
68,000
Investments Property.plant,and equipment(net)
59,000
74,000 370,000
49,000 358,000
500,000
$737,000
$612,000
$545,000
Current liabilities Long-term debt Common stock,$10 par Retained earnings
$87,000
$82,000
$72,000
149,000
89,000
54,000 304,000
324,000
314,000 177,000 127,000 115,000 $737,000 $612,000 $545,000
Martinez Corporation Income Statements
For the Years Ended December 31
2025
2024
Salesrevenue Less:Sales returns and allowances Net sales
$744,000 $604,000 42,000 32,000 702,000 572,000 429,000 354,000 273,000 218,000 182,000 152,000 $91,000 $66,000
Cost of goods sold Gross profit Operating expenses (including income taxes) Net income
Additional information:
1.
The market price of Martinez's common stock was $7.00,$7.50,and $8.50 for 2023,2024,and 2025, respectively. 2 You must compute dividends declared. All declared dividends were paid in cash in the year of declaration (a)Compute the following ratios for 2024 and 2025