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Continuing with the previous problem, Cromwell's projected Income Statement is: Income Statement Projected 1,200,000 (300,000) (180,000)...
We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000)...
We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) 308,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 231,000 Additions to Retained Earnings 77,000 Balance Sheet Cash 60,000 25,000 85,000 70,000 Accounts pay 30,000 80,000 180,000 Accounts rec Notes payable Inventory Current Liab Current Assets Long-term debt 250,000 Fixed Assets 750.000 Owners' Equity Common stock 90,000 505,000 595,000 Retained earnings Total OE Total Assets 930,000 Total Liab &...
Let's change capacity to 90 percent and recalculate external financing needed. We have Cromwell's financial statements...
Let's change capacity to 90 percent and recalculate external financing needed. We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) 308,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 231,000 Additions to Retained Earnings 77,000 Balance Sheet Cash 70,000 Accounts pay 60,000 Accounts rec 30,000 Notes payable 25,000 Inventory 80,000 Current Liab 85,000 Current Assets 180,000 Long-term debt 250,000 Fixed Assets 750,000 Owners' Equity Common stock 90,000 505,000...
VanRee Recycling Inc. is expecting sales to rise 18 percent next year. Their most recent income...
VanRee Recycling Inc. is expecting sales to rise 18 percent next year. Their most recent income statement and next year's projected income statement are below Income Statement This Year 1,000,000 (400,000) (180,000) 420,000 (130,000) 290,000 (87,000) 203,000 Projected 1,180,000 (472,000) (180,000) 528,000 (130,000) 398,000 (119,400), 278,600 Sales Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 121,800 167,160 Additions to Retained Earnings 81,200 111,440 This year's Balance Sheet is Balance Sheet 60,000 25,000 85,000 Cash 70,000 30,000 80,000...
VanRee Recycling Inc. is expecting sales to rise 12 percent next year. Their most recent income...
VanRee Recycling Inc. is expecting sales to rise 12 percent next year. Their most recent income statement and next year's projected income statement are below Income Statement This Year ecte 1,120,000 (481,600) (180,000) 458,400 (130,000) 328,400 Sales 1,000,000 (430,000) (180,000) 390,000 (130,000) 260,000 (78,000) 182,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) (98,520 Net Income 229,880 Dividends 109,200 137,928 Additions to Retained Earnings 72,800 91,952 This year's Balance Sheet is: Balance Sheet Cash 70,000 30,000 80,000 Accounts pay 60,000...
We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000)...
We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) 308,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 231,000 Additions to Retained Earnings 77,000 We were unable to transcribe this image
Income Statement  
Income Statement Balance Sheet Sales $9,500 Current assets $4,200 Current liabilities $2,700 Costs 6,700 Fixed assets 9,400 Long-tern debt 4,260 Taxable income $2,800 Equity 6,640 Taxes (24% ) 672 Total $13,600 Total $ 13,600 Assets, costs, and current liabilities are proportional to assets. Long-term debt and equity are not. The company maintains a constant 35 percent dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 18 percent....
The most recent income statement and balance sheet for Highway. Corp, are presented below: $940 Income...
The most recent income statement and balance sheet for Highway. Corp, are presented below: $940 Income Statement Balance Sheet Sales $3,600 Current assets $4,900 Current liabilities Costs 2,200 Fixed assets Long-term 6,000 debt Taxable income $1,400 Equity Taxes (23%) 322 Total $10,900 Total Net income $1,078 3,600 6,360 $10,900 Costs, current liabilities and assets are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. Next year's sales are projected to...
Problem # 1 (50 points) Given the Income Statement and Balance Sheet Compute: Current Ratio Acid-Test...
Problem # 1 (50 points) Given the Income Statement and Balance Sheet Compute: Current Ratio Acid-Test Ratio Days in Receivable Days in Inventory Operating Profit Margin Total Asset Tumover Fixed-asset turnover Debt Ratio Times Interest Earned Return on Equity Income Statement Balance Sheet Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Gross Plant and Equipment Accumulated Depreciation Net Fixed Assets Total Assets $200,000 $60,000 $100,000 $20,000 $380,000 $802,000 -$132,000 $670,000 $1,050,000 Sales (all credit) Cost of Goods Sold...
Portland Merchantile, December 31, 20XX 1a) Create a cash flow statement in good form. 1) Use...
Portland Merchantile, December 31, 20XX 1a) Create a cash flow statement in good form. 1) Use the following income statement, retained earnings statement, and balance sheet to prepare a cash flow statement for the current year. Income Statement Reven Current Ye. $875.000 $524,000 $351,000 Cost of Goods Sold Gross Profit Administrative Expenses: Rent Expense Wages Expense Depreciation Expense Loss on Sale of Factory Machine Total Expenses Net Income $100,000 $125,000 $33,000 $4,000 $262.000 $89,000 Retained Earnings Statement Beginning Retained Earnings...
The most recent financial statements for Assouad, Inc., are shown here Income Statement Balance Sheet Current...
The most recent financial statements for Assouad, Inc., are shown here Income Statement Balance Sheet Current liabilities $4,100 Current assets $4,800 2,500 Fixed assets 6,500 $1,600 $970 3,660 6,670 $11,300 Sales Long-term debt Costs Taxable Equity income Taxes (24%) 384 Total $11,300 Total Net income $1,216 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next...
We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) 308,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 231,000 Additions to Retained Earnings 77,000 Balance Sheet Cash 60,000 25,000 85,000 70,000 Accounts pay 30,000 80,000 180,000 Accounts rec Notes payable Inventory Current Liab Current Assets Long-term debt 250,000 Fixed Assets 750.000 Owners' Equity Common stock 90,000 505,000 595,000 Retained earnings Total OE Total Assets 930,000 Total Liab &...
Let's change capacity to 90 percent and recalculate external financing needed. We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) 308,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 231,000 Additions to Retained Earnings 77,000 Balance Sheet Cash 70,000 Accounts pay 60,000 Accounts rec 30,000 Notes payable 25,000 Inventory 80,000 Current Liab 85,000 Current Assets 180,000 Long-term debt 250,000 Fixed Assets 750,000 Owners' Equity Common stock 90,000 505,000...
VanRee Recycling Inc. is expecting sales to rise 18 percent next year. Their most recent income statement and next year's projected income statement are below Income Statement This Year 1,000,000 (400,000) (180,000) 420,000 (130,000) 290,000 (87,000) 203,000 Projected 1,180,000 (472,000) (180,000) 528,000 (130,000) 398,000 (119,400), 278,600 Sales Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 121,800 167,160 Additions to Retained Earnings 81,200 111,440 This year's Balance Sheet is Balance Sheet 60,000 25,000 85,000 Cash 70,000 30,000 80,000...
VanRee Recycling Inc. is expecting sales to rise 12 percent next year. Their most recent income statement and next year's projected income statement are below Income Statement This Year ecte 1,120,000 (481,600) (180,000) 458,400 (130,000) 328,400 Sales 1,000,000 (430,000) (180,000) 390,000 (130,000) 260,000 (78,000) 182,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) (98,520 Net Income 229,880 Dividends 109,200 137,928 Additions to Retained Earnings 72,800 91,952 This year's Balance Sheet is: Balance Sheet Cash 70,000 30,000 80,000 Accounts pay 60,000...
We have Cromwell's financial statements from this year. Income Statement Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) 308,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 231,000 Additions to Retained Earnings 77,000 We were unable to transcribe this image
The most recent income statement and balance sheet for Highway. Corp, are presented below: $940 Income Statement Balance Sheet Sales $3,600 Current assets $4,900 Current liabilities Costs 2,200 Fixed assets Long-term 6,000 debt Taxable income $1,400 Equity Taxes (23%) 322 Total $10,900 Total Net income $1,078 3,600 6,360 $10,900 Costs, current liabilities and assets are proportional to sales. Long-term debt and equity are not. The company maintains a constant 50 percent dividend payout ratio. Next year's sales are projected to...
Problem # 1 (50 points) Given the Income Statement and Balance Sheet Compute: Current Ratio Acid-Test Ratio Days in Receivable Days in Inventory Operating Profit Margin Total Asset Tumover Fixed-asset turnover Debt Ratio Times Interest Earned Return on Equity Income Statement Balance Sheet Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Gross Plant and Equipment Accumulated Depreciation Net Fixed Assets Total Assets $200,000 $60,000 $100,000 $20,000 $380,000 $802,000 -$132,000 $670,000 $1,050,000 Sales (all credit) Cost of Goods Sold...
Portland Merchantile, December 31, 20XX 1a) Create a cash flow statement in good form. 1) Use the following income statement, retained earnings statement, and balance sheet to prepare a cash flow statement for the current year. Income Statement Reven Current Ye. $875.000 $524,000 $351,000 Cost of Goods Sold Gross Profit Administrative Expenses: Rent Expense Wages Expense Depreciation Expense Loss on Sale of Factory Machine Total Expenses Net Income $100,000 $125,000 $33,000 $4,000 $262.000 $89,000 Retained Earnings Statement Beginning Retained Earnings...
The most recent financial statements for Assouad, Inc., are shown here Income Statement Balance Sheet Current liabilities $4,100 Current assets $4,800 2,500 Fixed assets 6,500 $1,600 $970 3,660 6,670 $11,300 Sales Long-term debt Costs Taxable Equity income Taxes (24%) 384 Total $11,300 Total Net income $1,216 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next...
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