Homework Answers
Solution
| (Net Sales | - | Preferred Divideds) | / | Average Common equity | = | Return on equity | |
| 2017 | $ 211,400.00 | $ 2,980.00 | $ 96,500.00 | 215.98% | |||
| 2016 | $ 182,910.00 | $ 2,980.00 | $ 76,555.00 | 235.03% |
Working
| 2016 | 2017 | |
| Common Equity Beginning of year | $ 61,110.00 | $ 92,000.00 |
| Common Equity End of year | $ 92,000.00 | $ 1,01,000.00 |
| Total | $ 153,110.00 | $ 193,000.00 |
| Divided by | 2 | 2 |
| Average Common Equity | $ 76,555.00 | $ 96,500.00 |
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These averages are confusing me
Compute six ratios that measure Bonaparte Corporation's ability to eam profits....
2015 2016 182,910 96,000 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses...
2015 2016 182,910 96,000 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income 2017 211,400 $ 105,000 106,400 $ 53,000 53,400 $ 5,385 48,015 $ 22.647 25,368 $ 86,910 46,000 40,910 Less: Interest expense 6,459 Income before income taxes 34,451 16,160 Less: Income tax expense Net income 18,291 Print Done i Income statement UJOJ 0,15 LESS. IMETEST Experise Income before income taxes 48,015 $ 22,647 34,451 16,160 Less: Income tax expense 25,368 $ 18,291 Net...
0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating...
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92 Financial Statement Analysis 7-22 Analyzing profitability Inc.'s comparative income comparative income statement follows. The 2015...
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Requirements 1. Compute the following ratios for 2018 and 2017: a. Current ratio b. Cash ratio c. Times-interest-earned...
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Use Dylex Corporation's financial statements to compute the below ratios. Compared to the industry averages provided...
Use Dylex Corporation's financial statements to compute the below ratios. Compared to the industry averages provided in the question data determine if the ratio is favourable or unfavourable. Also select the ratio type it represents. Please make sure your final answer(s) are accurate to 2 decimal places and don't use percentages. For your analysis, assume that all other things have remained constant. Apply your analysis in very general terms. Ratio 2015 Industry Average Favourable/Unfavourable Ratio Type Days' sales in inventory...
Requirement 1h. Compute the earnings per share of common stock for 2018 and 2017. Begin by...
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Problem 23.1A Horizontal and vertical analysis of income statement and balance sheet. LO 23-1, 23...
Problem 23.1A Horizontal and vertical analysis of income
statement and balance sheet. LO 23-1, 23-2
The EastTN Company sells computer parts through a retail store
that it operates. The firm’s comparative income statement and
balance sheet for the years 2016 and 2015 are shown below.
1-a.
Complete both a horizontal and a vertical analysis of
comparative income statement for the years 2016 and 2015.
(Round your percentage answers to 1 decimal place. i.e.,
0.123 should be entered as 12.3.)
1-b....
Can someone show me how to do this? Thanks you Cullumber Medical manufactures hospital beds and...
Can someone show me how to do this? Thanks you
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HW Score: 0%, 0 . Data Table 2015 Variline, Inc. Comparative Income Statement Years Ended December...
HW Score: 0%, 0 . Data Table 2015 Variline, Inc. Comparative Income Statement Years Ended December 31, 2017 and 2016 Dollars in thousands 2017 2016 Net Sales $ 188,000 $ 154,000 Cost of Goods Sold 94.000 88,000 Selling and Administrative Expenses 48,500 40,000 Interest Expense 8,500 9.500 12,500 11,500 Income Tax Expense $ 24.500 $ 5.000 Print Done We were unable to transcribe this image1-22 (similar to) Core: 0%, 0 Question Help A Requirements 1. Calculate the profit margin ratio...
2015 2016 182,910 96,000 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income 2017 211,400 $ 105,000 106,400 $ 53,000 53,400 $ 5,385 48,015 $ 22.647 25,368 $ 86,910 46,000 40,910 Less: Interest expense 6,459 Income before income taxes 34,451 16,160 Less: Income tax expense Net income 18,291 Print Done i Income statement UJOJ 0,15 LESS. IMETEST Experise Income before income taxes 48,015 $ 22,647 34,451 16,160 Less: Income tax expense 25,368 $ 18,291 Net...
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92 Financial Statement Analysis 7-22 Analyzing profitability Inc.'s comparative income comparative income statement follows. The 2015 data are given as nceded. 1.2017 11.6% VARSITY, INC Comparative Income Statement Years Ended December 31, 2017 and 2016 Dollars in thousands Net Sales Cost of Goods Sold Selling and Administrative Expenses nterest Expense income Tax Expense Net Income 2017 2016 2015 S 185,000 $ 153,000 96,000 87,000 46,500 39,500 9,50010,500 9,000 $ 21,500 S 7,000 11,500 Additional data Total Assets Common Stockholders' Equity...
Requirements 1. Compute the following ratios for 2018 and 2017: a. Current ratio b. Cash ratio c. Times-interest-earned ratio d. Inventory turnover e. Gross profit percentage f. Debt to equity ratio g. Rate of return on common stockholders' equity h. Earnings per share of common stock I. Pricelearnings ratio 2. Decide (a) whether Tanfield's ability to pay debts and to sell inventory improved or deteriorated during 2018 and (b) whether the investment attractiveness of its common stock appears to have...
Learning Objective 4 P17-27A Using ratios to evaluate a stock investment Comparative financial statement data of Sanfield, Inc. follow. 1. 2018: 48.9% 2017 2016 SANFIELD, INC Comparative Income Statement Years Ended December 31, 2018 and 2017 2018 2017 Net Sales Revenue $462,000 $400,000 Cost of Goods Sold 236,000 213.000 Gross Profit 226,000 217.000 Operating Expenses 135,000 133,000 Income from Operations 91,000 $4,000 Interest Expense 8.000 12.000 Income Before Income Tax 83,000 Income Tax Expense 18.000 22.000 Net Income $65.000 $...
Problem 23.1A Horizontal and vertical analysis of income
statement and balance sheet. LO 23-1, 23-2
The EastTN Company sells computer parts through a retail store
that it operates. The firm’s comparative income statement and
balance sheet for the years 2016 and 2015 are shown below.
1-a.
Complete both a horizontal and a vertical analysis of
comparative income statement for the years 2016 and 2015.
(Round your percentage answers to 1 decimal place. i.e.,
0.123 should be entered as 12.3.)
1-b....
Can someone show me how to do this? Thanks you
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $400,000 $417,500 Accounts receivable, net 1,056,000 776,400 Inventory 721,000 681,050 Other current assets 381,300 247,050 Total current assets 2,558,300 2,122,000 Property, plant, & equipment, net 8,710,235 8,439,930 Total assets $11,268,535 $10,561,930 Liabilities and...
HW Score: 0%, 0 . Data Table 2015 Variline, Inc. Comparative Income Statement Years Ended December 31, 2017 and 2016 Dollars in thousands 2017 2016 Net Sales $ 188,000 $ 154,000 Cost of Goods Sold 94.000 88,000 Selling and Administrative Expenses 48,500 40,000 Interest Expense 8,500 9.500 12,500 11,500 Income Tax Expense $ 24.500 $ 5.000 Print Done We were unable to transcribe this image1-22 (similar to) Core: 0%, 0 Question Help A Requirements 1. Calculate the profit margin ratio...
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