Question

Case Question 12-23 Haver Industries is a leading consumer products company. The companys adapted comparative balance sheets and income statements (in $ millions) follow Haver Industries Comparative Income Statements For the Years Ended December 31 2016 2015 s68,222 s56.741 s51,407 ธ43.377 $40,238 Cost of goods sold Gross proft Research & development expenses Selling, general, & administrative expenses Nonoperabing income (expense) Iaterest expense 33,125 27.872 25,076 22,14 20,989 5.097 28,9 26.33 21,236 19,249 2,075 1,940 1802,665 19,773 16,460 14,702 11,718 12,052 238 (211) 12.413 9,350 7,530 ,383 3,729 3,058 2,9 2,344 2,033 ncome before tases 2.79 .703 1. 6 1.15 $1.03093 0.82 s0.76 Haver Industries Comparative Balance Sheets As of December 31 6,693 6,389 4,232 5,912 $3,427 ,1331,744 ,0 5,725 ,185 4,062 3,038 3,090 6,29 5,006 4,0 3,640 3,456 4,457 3,005 2,6 2,330 ,997 24,32 20,329 7,11S 15,220 12,166 18,770 14,332 14,10S 3,104 13,349 curment assets Property, plant, & equigment, net 89,027 24,13 23,900 13,507 13,430 Deposits & other assees 135,695 $61,527 $57,048 $43,706 $40,776 Liabilities so 4,9103, 3,617 2,795 2,205 2,128 114411,093 4,7572,957 2,925 2,606 2,429 3,360 2,265 2,554 1,879 1,438 4,8304,574 4,64 2,906 3,519 9,985 25,039 22,147 12,358 12,704 12,354 86 2,26 ,396 077 5,344 12,414 12,302 1475 11,201 Notes payable 50 6,69 ,05 $3,113 Current long-term debt Accrued expense current liabilinies current labilities Deferred charges Long-term debt Non-current capital leases Other long term liabilities 4,472 3,230 2,808 2,291 2,088 72,787 43,05 39,770 27,520 27,070 Capital surplus Retained earnings Treasury stock ,976 2,977 2,544 1,297 303 7,856, 2,425 2,93 2,490 35,666 31,00 3,6 13,692 11,980 (34,235) (7,194) 355 ,342 ,302) (,734) (2,065) 62,908 18,475 7,278 6,186 13,706 Total Liabilties and Stockholders-tevity $135,095 161,527 S57.04 ผ.706 S40776 Total stockholders equity
In his letters to shareholders in 2012, Havers CEO stated that the companys goal for the next five years was to achieve 4% to 6% sales growth each year and at least 10% growth in earnings per share Compute the sales and EPS growth (Round answers to 1 decimal places, e.g. 52.7.) 2016 2015 2014 2013 Sales growth EPS growth Click if you would like to Show Work for this question: 20.2 10.4 18.5 7.8 3.3 15.4 23.3 Open Show Work Attempts: 1 of 15 used (b1) Your answer is incorrect. Try again Managing a broad collection of brands is challenging. In its 2012 annual report, Haver Industries stated that acquisitions and divestitures are part of the Companys strategic focus on developing brands that offer the greatest potential for growth. The report went on, This requires some difficult decisions, including a restructuring program to reduce overhead and streamline manufacturing processes. In other words, the company strives to use its assets to earn the greatest possible return Compute the return on assets? (Round answers to 1 decimal places e.g. 52.7.) 2016 2015 2014 2013 Return on assets 8.8 11.7 12.9 12.3 Click if you would like to Show Work for this question: Open Show Work Attempts: 4 of 15 used SAVE FOR LATER
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Return on assets(ROA) =NET INCOME /AVERAGE ASSETS

Average assets =(Opening balance +Closing balance /2

Particulars Opening assets Closing assets Average Total assets Net income Return on assets 2016 2015 2014 2013 $61,527.00 57,048.00 $43,706.00 $40,776.00 $135,695.00 $ 61,527.00 $57,048.00 $43,706.00 129,374.50$ 87,811.50 $72,230.00$62,629.00 $ 8,684.00 6,923.00 6,481.00 $ 5,186.00 6.71%) 7.88%) 8.97%) 8.28%)IN CASE OF ANY DOUBTS OR CORRECTIONS FEEL FREE TO COMMENT BELOW. RATE MY ANSWER BY HITTING ??

Add a comment
Know the answer?
Add Answer to:
Case Question 12-23 Haver Industries is a leading consumer products company. The company's adapted comparative balance...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Case Question 12-23 Haver Industries is a leading consumer products company. The company's adapted comparative balance...

    Case Question 12-23 Haver Industries is a leading consumer products company. The company's adapted comparative balance sheets and income statements (in $ Haver Industries For the Years Ended December 31 Selling, general, administrative expenses 9,773 1440 4,702 11,718 12,052 Haver Industries Comparative Balance Sheets As of December 31 Marketable secunibies Property, plant, & eqǐpmere, net Tocal Liabisties and Stockholders Equity 135,695 $61527 $57,048 $43,706 40 776 In his letters to shareholders in 2012, Haver's CEO stated that the company's goal...

  • Case Question 12-23 Haver Industries is a leading consumer products company. The company's adapted comparative balance...

    Case Question 12-23 Haver Industries is a leading consumer products company. The company's adapted comparative balance sheets and income statements (in $ Haver Industries Comparative Income Statements For the Years Ended December 31 Seing, general, & administrative expenses 29,773 36,460 14,702 ะ1.718 12.052 Haver Industries Comparative Balance Sheets As of December 31 Property, plant,&equipment, met current liabilinies abilibes Total stockholders equity Torel Liabiaities and Stockholders' Equity $135.695 $61.527 57.068 43,706 40 776 (a1) Your answer is correct. In his letters...

  • case question 12-23 Haver Industries is a leading consumer products Haver Industries is a leading consumer...

    case question 12-23 Haver Industries is a leading consumer products Haver Industries is a leading consumer products company. The company's adapted comparative balance sheets and income statements (in$ Haver Industries For the Years Ended December 31 Selling, general, & administrative expenses 19,773 16460 34,702,18 12,052 Haver Industries Comparative Balance Sheets As of December 31 Property, piant, & equipment, net Deposits &other assets Non-current capital leases liabilities Total stockholders" equity Tatal Liabilities and Stockholders' tquity $135,695 6,527 7,048 43706 0,776 (a1)...

  • Case Question 12-23 Haver Industries is a leading consumer products company. The company's adapted comparative balance...

    Case Question 12-23 Haver Industries is a leading consumer products company. The company's adapted comparative balance sheets and income statements (in $ Haver Industries Comparative Income Statements For the Years Ended December 31 Seling, general, & administrative expenses 29,773 14,MA 34,M2 11,718 12,052 Haver Industries Comparative Balance Sheets As of December 31 Marketable secunibies Property, plant, & equipment, net Total Liabisties and Stockholders Equity 135,695 $61527 $57,048 $43,706 40 776 Your answer is correct. In his letters to shareholders in...

  • (a1) Your answer is correct. In his letters to shareholders in 2012, Haver’s CEO st...

    (a1) Your answer is correct. In his letters to shareholders in 2012, Haver’s CEO stated that the company’s goal for the next five years was to achieve 4% to 6% sales growth each year and at least 10% growth in earnings per share. Compute the sales and EPS growth? (Round answers to 1 decimal places, e.g. 52.7.) 2016 2015 2014 2013 Sales growth 20.2% 10.4% 18.5% 7.8% EPS growth 3.3% 15.4% 30.0% 23.3% Click if you would like to Show...

  • The answers are NOT any of the following... Attempt 1) 8.8, 11.7, 12.9, 12.3 Attempt 2)...

    The answers are NOT any of the following... Attempt 1) 8.8, 11.7, 12.9, 12.3 Attempt 2) 6.4, 11.3, 11.4, 11.9 Attempt 3) 6.7, 7.9, 9, 8.3 Please HELP!!!!! Case Question 12-23 Haver Industries is a leading consumer products company. The company's adapted comparative balance sheets and income statements (in $ Haver Industries Comparative Income Statements For the Years Ended December 31 Seling, general, & administrative expenses 29,773 14,MA 34,M2 11,718 12,052 Haver Industries Comparative Balance Sheets As of December 31...

  • Pippin Piping Co. manufactures decorative fabric trims. The company's financial statements follow. Pippin Piping Co. Comparative...

    Pippin Piping Co. manufactures decorative fabric trims. The company's financial statements follow. Pippin Piping Co. Comparative Income Statements For the Years Ended December 31 2016 2015 Sales revenue $576,600 $523,000 Cost of goods sold 291,000 259,200 Gross margin 285,600 263,800 Operating expenses 106,200 104,600 Operating income 179,400 159,200 Other revenue 22,500 15,900 Interest expense 11,200 10,500 Income before income tax 190,700 164,600 Income tax expense (40%) 76,280 65,840 Net income $114,420 $98,760 2014 $484,200 234,300 249,900 104,100 145,800 23,900 11,900...

  • Pippin Piping Co. manufactures decorative fabric trims. The company's financial statements follow. Pippin Piping Co. Comparative...

    Pippin Piping Co. manufactures decorative fabric trims. The company's financial statements follow. Pippin Piping Co. Comparative Income Statements For the Years Ended December 31 2016 2015 Sales revenue $576,600 $523,000 Cost of goods sold 291,000 259,200 Gross margin 285,600 263,800 Operating expenses 106,200 104,600 Operating income 179,400 159,200 Other revenue 22,500 15,900 Interest expense 11,200 10,500 Income before income tax 190,700 164,600 Income tax expense (40%) 76,280 65,840 Net income $114,420 $98,760 2014 $484,200 234,300 249,900 104,100 145,800 23,900 11,900...

  • Pippin Piping Co. manufactures decorative fabric trims. The company's financial statements follow. Pippin Piping Co. Comparative...

    Pippin Piping Co. manufactures decorative fabric trims. The company's financial statements follow. Pippin Piping Co. Comparative Income Statements For the Years Ended December 31 2016 2015 Sales revenue $576,600 $523,000 Cost of goods sold 291,000 259,200 Gross margin 285,600 263,800 Operating expenses 106,200 104,600 Operating income 179,400 159,200 Other revenue 22,500 15,900 Interest expense 11,200 10,500 Income before income tax 190,700 164,600 Income tax expense (40%) 76,280 65,840 Net income $114,420 $98,760 2014 $484,200 234,300 249,900 104,100 145,800 23,900 11,900...

  • Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...

    Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. 2015 Crane Medical Comparative Balance Sheet As of December 31 2016 Assets Current assets Cash $377,000 Accounts receivable, net 1,048,000 Inventory 729,000 Other current assets 381,300 Total current assets 2,535,300 Property, plant, & equipment, net 8,706,535 Total assets $11,241,835 $417,400 776,450 681,100 247,100 2,122,050 8,440,045 $10,562,095 Crane Medical Comparative Income Statement and Statement of Retained Earnings For the...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT