Return On Assets | |||
Operating Income | |||
Wild horse company | Sandhill Company | ||
Net sales | $ 18,92,000 | $ 5,80,000 | |
Less: Cost Of Goods Sold | $ 10,75,000 | $ 2,98,000 | |
Operating Expenses | $ 2,60,000 | $ 87,000 | |
Operating Income | $ 5,57,000 | $ 1,95,000 | |
Less: | |||
Interest expenses | $ 8,200 | $ 2,200 | |
Income Tax | $ 65,300 | $ 29,000 | |
A) | Net Income | $ 4,83,500 | $ 1,63,800 |
Average Assets | |||
Wild horse company | Sandhill Company | ||
Total Asset of 2017 | 1304746 | 341288 | |
Total Asset of 2016 | 1242987 | 314077 | |
B) | Average Assets | 1273866.5 | 327682.5 |
C) | Return On Assets (A/B) | 38.0% | 50.0% |
Return On Common Stockholders Equity | |||
Net Income Available to common stock | |||
Wild horse company | Sandhill Company | ||
Operating Income | $ 5,57,000 | $ 1,95,000 | |
Less: | |||
Interest expenses | $ 8,200 | $ 2,200 | |
Income Tax | $ 65,300 | $ 29,000 | |
A) | Net Income | $ 4,83,500 | $ 1,63,800 |
(available to common stock | |||
Average Commonstockholders equity | |||
Wild horse company | Sandhill Company | ||
Common stockholders for 2017 | $ 10,28,864 | $ 2,41,887 | |
Common stockholders for 2016 | $ 9,89,290 | $ 2,29,497 | |
B) | Average Common stockholders equity | $ 10,09,077 | $ 2,35,692 |
C) | Return On Common Stockholders Equity | 47.9% | 69.5% |
Problem 13-1A (Part Level Submission) Here are comparative statement data for Wildhorse Company and Sandhill Company,...
Problem 13-1A (Part Level Submission) Here are comparative statement data for Sandhill Company and Carla Vista Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Sandhill Company Carla Vista Company 2017 2016 2017 2016 Net sales $1,889,000 $578,000 Cost of goods sold 1,074,000 284,000 Operating expenses 270,000 92,000 Interest expense 6,900 3,500 Income tax expense 65,800 29,000 Current assets 590,015 $565,462 150,838 $ 143,835 Plant assets (net) 953,508 905,000 252,908 227,720 Current...
CALCULATOR PRINTER VER Problem 13-1A (Part Level Submission) Here are comparative statement data for Wildhorse Company and Sandhill Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Wildhorse Company Net sales Cost of goods sold Operating expenses Interest expense Income tax expense 2017 $1,899,000 1,062,000 259,000 6,900 69,600 Sandhill Company 2017 $578,000 297,000 88,000 2,500 29,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 518,300 837,612 105,457 181,244 $496,732 795,000 120,545...
Problem 13-1A (Part Level Submission) Here are comparative statement data for Sandhill Company and Carla Vista Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Sandhill Company Carla Vista Company 2017 2016 2017 2016 Net sales $1,889,000 $578,000 Cost of goods sold 1,074,000 284,000 Operating expenses 270,000 92,000 Interest expense 6,900 3,500 Income tax expense 65,800 29,000 Current assets 590,015 $565,462 150,838 $ 143,835 Plant assets (net) 953,508 905,000 252,908 227,720 Current...
Problem 13-1A (Part Level Submission) Here are comparative statement data for Crane Company and Sheridan Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016 Crane Company Sheridan Company 2017 2016 2017 2016 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense $1,855,000 1,063,000 265,000 8,600 74,900 $596,000 291,000 89,000 3,200 35,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 534,599 $512,352 136,671 $ 130,326 863,952 820,000 229,154...
Problem 13-1A (Part Level Submission) Here are comparative statement data for Cullumber Company and Oriole Company, two competitors. All balance sheet data are as of December 31, 2017, and December 31, 2016. Oriole Company 2017 2016 Net sales Cost of goods sold Operating expenses Interest expense Income tax expense Cullumber Company 2017 2016 $1,873,000 1,062,000 254,000 7,200 $599,000 299,000 89,000 3,400 74,900 34,000 Current assets Plant assets (net) Current liabilities Long-term liabilities 775,820 1,253,784 157,853 271,296 $743,536 1,190,000 180,440 214,200...
Problem 14-1A a, b1 (Part Level Submission) Here are comparative statement data for Duke Company and Lord Company, two competitors. All balance sheet data are as of December 31, 2020, and December 31, 2019. Duke Company Lord Company 2020 2019 2020 2019 Net sales $561,000 297,330 79,101 3,927 6,732 Cost of goods sold Operating expenses Interest expense Income tax expense Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $10 par Retained earnings $1,866,000 1,000,176 264,972 9,330 54,114...
ta are as of December 31, 2017 and December 31, 2016. Problem 13-1A Here are comparative statement data for Ivanhoe Company and Pharoah Company, two competitors. All Ivanhoe Company Pharoah Company 2017 2016 2017 2016 Net sales $1,913,000 $603,000 Cost of goods sold 1,061,000 Operating expenses 264,000 Interest expense 7,600 Income tax expense 65,600 289,000 A Current assets Plant assets (net) Current liabilities Long-term liabilities 726,924 1,174,764 147,905 254,198 $696,674 1,115,000 169,067 200,700 185,839 311,593 280,561 78,826 66.05255.250 Common stock,...
URCES Problem 12-7A (Part Level Submission) Presented below are the financial statements of Wildhorse Company. Wildhorse Company Comparative Balance Sheets Study 2017 2016 Assets Cash Accounts receivable %41,300 23,600 33,040 70,800 (37,760) (28,320) $23,600 16,520 23,600 92,040 Property, plant, and equipment $130,980 $127,440 Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total s 22,420 $17,700 9,440 38,940 16,520 44,840 130,980 $127,440 8,260 20,060 21,240 59,000 Wildhorse Company Income Statement For the Year...
Condensed financial data of Wildhorse Company for 2017 and 2016 are presented below. WILDHORSE COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 2017 2016 Cash $1,840 $1,170 Receivables 1,730 1,310 Inventory 1,580 1,880 Plant assets 1,910 1,700 Accumulated depreciation (1,210 ) (1,170 ) Long-term investments (held-to-maturity) 1,310 1,420 $7,160 $6,310 Accounts payable $1,190 $900 Accrued liabilities 210 260 Bonds payable 1,400 1,580 Common stock 1,880 1,720 Retained earnings 2,480 1,850 $7,160 $6,310 WILDHORSE COMPANY INCOME STATEMENT FOR...
Problem 13-2A The comparative statements of Blossom Company are presented here. BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales $1,893,340 $1,753,300 Cost of goods sold 1,061,340 1,008,800 Gross profit 832,000 744,500 Selling and administrative expenses 502,800 481,800 Income from operations 329,200 262,700 Other expenses and losses Interest expense 23,700 21,700 Income before income taxes 305,500 241,000 Income tax expense 93,700 74,700 Net income $ 211,800 $ 166,300 BLOSSOM COMPANY Balance Sheets December 31 Assets...