The following information is available for Cheyenne Corp.. 2022 2021 Current assets $ 56,880 $ 39,625...
The following information is available for Cheyenne
Corp..
|
2022 |
2021 |
|||
|---|---|---|---|---|
|
Current assets |
$ 56,880 | $ 39,625 | ||
|
Total assets |
242,000 | 207,000 | ||
|
Current liabilities |
23,700 | 31,700 | ||
|
Total liabilities |
70,180 | 84,870 | ||
|
Net income |
81,700 | 51,615 | ||
|
Net cash provided by operating activities |
91,700 | 57,700 | ||
|
Preferred dividends |
9,705 | 9,705 | ||
|
Common dividends |
4,700 | 3,200 | ||
|
Expenditures on property, plant, and equipment |
28,700 | 13,700 | ||
|
Common shares outstanding at beginning of year |
42,000 | 31,700 | ||
|
Common shares outstanding at end of year |
77,000 | 44,500 |
(a) Compute earnings per share for 2022 and 2021
for Cheyenne. (Round Earnings per share to 2 decimal
places, e.g. $2.78.)
|
2022 |
2021 |
|||
|---|---|---|---|---|
|
Earnings per share |
$enter a dollar amount rounded to 2 decimal places | $enter a dollar amount rounded to 2 decimal places |
(b) Compute the current ratio and debt to assets
ratio for each year. (Round ratio answers to 2 decimal
places, e.g. 15.25 and percentage answers to 0 decimalplaces, e.g.
15%.)
|
2022 |
2021 |
|||
|---|---|---|---|---|
|
Current ratio |
enter current ratio rounded to 2 decimal places :1 | enter current ratio rounded to 2 decimal places :1 | ||
|
Debt to assets ratio |
enter percentages rounded to 2 decimal places % | enter percentages rounded to 2 decimal places % |
(c) Compute free cash flow for each
year.
|
2022 |
2021 |
|||
|---|---|---|---|---|
|
Free cash flow |
$enter a dollar amount | $enter a dollar amount |
Homework Answers
| a | ||
| 2022 | 2021 | |
| Net income | 81700 | 51615 |
| Less: Preferred dividends | 9705 | 9705 |
| Net income for common stockholders | 71995 | 41910 |
| Divide by Average Common shares outstanding | 59500 | 38100 |
| Earnings per share | 1.21 | 1.10 |
| b | ||
| 2022 | 2021 | |
| Current assets | 56880 | 39625 |
| Divide by Current liabilities | 23700 | 31700 |
| Current ratio | 2.40 | 1.25 |
| 2022 | 2021 | |
| Total liabilities | 70180 | 84870 |
| Divide by Total assets | 242000 | 207000 |
| Debt to assets ratio | 29% | 41% |
| c | ||
| 2022 | 2021 | |
| Net cash provided by operating activities | 91700 | 57700 |
| Less: Dividends paid | 14405 | 12905 |
| Less: Expenditures on property, plant, and equipment | 28700 | 13700 |
| Free cash flow | 48595 | 31095 |
Add Answer to:
The following information is available for Cheyenne
Corp..
2022
2021
Current assets
$ 56,880
$ 39,625...
The following information is available for Bridgeport Corp. Current assets Total assets Current liabilities Total liabilities...
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Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle...
Suppose the following data were taken from the 2022 and 2021
financial statements of American Eagle Outfitters.
(All numbers, including share data, are in thousands.)
2022
2021
Current assets
$ 865,200
$980,000
Total assets
1,897,200
1,812,000
Current liabilities
412,000
350,000
Total liabilities
531,216
507,360
Net income
189,410
414,375
Net cash provided by operating activities
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Capital expenditures
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Dividends paid on common stock
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(a)
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Exercise 11-20 a-c
Crane Company has $1,140,000 in assets and $1,140,000 in
stockholders’ equity, with 36,600 shares outstanding the entire
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income of $171,000. On January 1, 2022, it issued $397,000 in debt
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Management expected that, had it not issued the debt, it would have
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Determine the company’s net income and...
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Problem 13-03A Condensed balance sheet and income statement data for Cheyenne Corporation are presented here. CHEYENNE...
Problem 13-03A
Condensed balance sheet and income statement data for Cheyenne
Corporation are presented here.
CHEYENNE CORPORATION
Balance Sheets
December 31
2022
2021
2020
Cash
$ 31,000
$ 21,000
$ 19,000
Accounts receivable (net)
51,000
46,000
49,000
Other current assets
97,000
102,000
71,000
Investments
62,000
77,000
52,000
Plant and equipment (net)
500,000
370,000
358,000
$741,000
$616,000
$549,000
Current liabilities
$ 86,000
$ 81,000
$ 71,000
Long-term debt
152,000
92,000
57,000
Common stock, $10 par
327,000
317,000
307,000
Retained earnings
176,000...
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Suppose the following data were taken from the 2022 and 2021
financial statements of American Eagle Outfitters.
(All numbers, including share data, are in thousands.)
2022
2021
Current assets
$ 865,200
$980,000
Total assets
1,897,200
1,812,000
Current liabilities
412,000
350,000
Total liabilities
531,216
507,360
Net income
189,410
414,375
Net cash provided by operating activities
335,000
486,000
Capital expenditures
300,000
270,600
Dividends paid on common stock
78,000
119,500
Weighted-average common shares outstanding
201,500
212,500
(a)
Calculate the current ratio for each...
Exercise 11-20 a-c
Crane Company has $1,140,000 in assets and $1,140,000 in
stockholders’ equity, with 36,600 shares outstanding the entire
year. It has a return on assets of 15%. During 2021, it had net
income of $171,000. On January 1, 2022, it issued $397,000 in debt
at 6% and immediately repurchased 18,300 shares for $397,000.
Management expected that, had it not issued the debt, it would have
had net income of $171,000 in 2022.
Determine the company’s net income and...
Problem 13-03A
Condensed balance sheet and income statement data for Cheyenne
Corporation are presented here.
CHEYENNE CORPORATION
Balance Sheets
December 31
2022
2021
2020
Cash
$ 31,000
$ 21,000
$ 19,000
Accounts receivable (net)
51,000
46,000
49,000
Other current assets
97,000
102,000
71,000
Investments
62,000
77,000
52,000
Plant and equipment (net)
500,000
370,000
358,000
$741,000
$616,000
$549,000
Current liabilities
$ 86,000
$ 81,000
$ 71,000
Long-term debt
152,000
92,000
57,000
Common stock, $10 par
327,000
317,000
307,000
Retained earnings
176,000...
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