How do I calculate Financial Leverage given these numbers?
(amounts in millions) | 2015 | 2014 | ||
---|---|---|---|---|
Balance sheet | ||||
Total assets | $96,296 | $94,809 | ||
Shareholders' equity | 6,647 | 9,040 | ||
Income statement | ||||
Net sales | $102,780 | $97,428 | ||
Net income | 5,426 | 5,696 |
Financial leverage formula = Average total assets/Average equity
Average total assets = (96296+94809/2) = $95552.50
Average equity = (6647+9040/2) = $7843.50
Financial leverage = 95552.50/7843.50 = 12.18 Times
How do I calculate Financial Leverage given these numbers? (amounts in millions) 2015 2014 Balance sheet...
Calculate the following:
- return on assets percentage
- financial leverage percentage
2015 2014 Income statement: $190,200* $168,700 Sales revenue Cost of goods sold 112,800 100,200 Gross profit Operating expenses and interest expense 77,400 56,700 68,500 53,700 20,700 14,800 Pretax income 3,550 Income tax 7,100 $13,600 $11,250 Net income Balance sheet $ 6,000 $ 6,800 Cash Accounts receivable (net) Inventory Operational assets (net) 14,400 41,900 16,900 33,900 46,000 37,800 $108,300 95,400 Current liabilities (no interest) Long-term liabilities (10% interest) Common...
1) Given the following financial information for 2014 and 2015, construct an Income Statement, Balance Sheet and Statement of Cash Flows for Grand Twins. - The Income Statement information is for the entire year. - The Balance Sheet information is for December 31 of each year. 2014 2015 Accounts Payable $2,065,168 $3,732,362 Accounts Receivable 47,677,904 53,413,866 Cash 5,786,943 1,260,691 Common Stock 27,280,000 27,280,000 Cost of Goods Sold 45,014,348 50,298,751 Depreciation Expense 975,000 975,000...
please do
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
I was provided both the Balance Sheet and Statement of income
from which I am supposed to calculate the inventory turnover ratio.
But the balance sheet only has the inventory values for 2016 and
2015, while the statement of income only states the cost of sales
for 2015, 2014, and 2013.
So:
Merchandise inventory (from balance sheet):
January 30, 2016 = $5,506
January 31, 2015 = $5,417
Cost of Sales (from income statement):
2015 = $16,496
2014 = $16,863
2013...
Bowyer Driving School’s 2014 balance sheet showed net fixed assets of $3.2 million, and the 2015 balance sheet showed net fixed assets of $3.8 million. The company’s 2015 income statement showed a depreciation expense of $235,000. What was net capital spending for 2015? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Net capital spending $
Reformulate Carrefour’s 2015 consolidated income statement
(I/S),
2014 and 2015 statements of financial positions (SFP; i.e.,
balance sheets),
and 2015 statement of cash flows (SCF)
.
Carrefour 31 December Reported VS 2015 2014 2013 2015 2014 Year ended 31 December Continuing operations Other revenue Total revenue Cost of Sales Gross margin from recurring operations Sales, general and administrative expenses, depreciation and amort Recurring operating profit Net income from companies accounted for by the equity method Recurring operating income after net...
Johnson Mills reported the following information in its 2015 financial statements ($ in millions): 2015 2014 Balance Sheets: Accounts receivable, net $ 1,847.2 $ 1,524.4 2015 Income statement: Sales revenue $ 18,176.1 A note disclosed that the allowance for uncollectible accounts had a balance of $25.9 million and $26.5 million at the end of 2015 and 2014, respectively. Bad debt expense for 2015 was $16.8 million. Required: Determine the amount of cash collected from customers during 2015. (All sales are...
please help
Waterloo Corporation Statement of Financial Position 31-Dec 2015 2014 2013 Assets Cash $32,000 $19,000 $10,000 Accounts Receivable (net) 95,000 70,000 53,000 Inventory 81,000 71,000 53,000 Other current assets 65,000 49,000 61,000 Long-term investments 120,000 76,000 50,000 Property, Plant & Equipment (net) 598,000 345,000 315.000 Total Assets $991,000 $630,000 $542,000 $71,500 245.000 316,500 $56,000 75.000 131,000 $65,000 78,000 143,000 Liabilities & Shareholders' Equity Liabilities Current Liabilities Non-current liabilities Total Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity...
%) Problem 3-14 (similar to (Working with financial statements) Given the balance sheet, E3, EEB, for Pamplin Inc.: and income statement a. How much is the firm's net working capital and what is the debt ratio? b. Complete a common-sized income statement, a common-sized balance sheet, and a statement of cash flows for 2015 Common-sized income statement $ 1,468) % 851 617 | Sales Cost of goods Gross profit Selling, general and administrative expenses | % $ 48 Enter any...
For 2015 and 2014 calculate:
Working Capital
Current Ratio
Quick ratio
Do I need to subtract the "Deferred income Taxes" to calculate
these ratios?
Please explain the procedure, thank you!
NIKE, INC. Consolidated Balance Sheets May 31, 2015 2014 $ 3,852 $ 2,072 3,358 4,337 389 1,968 15,976 3,011 281 131 2,201 21,600 $ 2,220 2,922 3,434 3,947 355 818 13,696 2,834 282 131 1,651 18,594 $ $ in millions) ASSETS Current assets: Cash and equivalents (Note 6) Short-term investment...