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Given the following data. Current $2,300 10,900 28,500 Previous $ 2,050 Net income Stockholders' equity 14,025...
Ratio of Liabilities to Stockholders' Equity and Number of Times Interest Earned The following data were...
Ratio of Liabilities to Stockholders' Equity and Number of Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable $204,000 $180,000 Current maturities of serial bonds payable 260,000 260,000 Serial bonds payable, 10% 1,300,000 1,560,000 Common stock, $1 par value 60,000 70,000 Paid-in capital in excess of par 650,000 650,000 Retained earnings 2,230,000 1,780,000 The income before income tax was $483,600 and...
B is Earnings per share on common stock Current Position Analysis The following data were taken from...
B is Earnings per share on
common stock
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Previous Year Year Current assets: Cash $535,000 $448,000 Marketable securities 619,500 504,000 Accounts and notes 253,50D 158,000 receivable (net) Inventories 887,000 590,700 Prepaid expenses 457,000 271,300 Total current assets $2,752,000 $2,072,000 Qument liabilities: Accounts and notes payable (short-term) Accrued liabilities Total currerit liabilities $371,200 268,800 $640,000 $392,000 169,000 $550,000...
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance...
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $55,900; total assets, $219,400; common stock, $80,000; and retained earnings, $34,161.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 454,600 Cost of goods sold 297,950 Gross profit 156,650 Operating expenses 99,100 Interest expense 4,400 Income before taxes 53,150 Income tax expense 21,411 Net income $ 31,739 CABOT CORPORATION Balance...
Exercise 23.6 Rate of return on stockholders’ equity. LO 23-1 CANNA, Inc. Comparative Income Statement Years...
Exercise 23.6 Rate of return on stockholders’ equity. LO 23-1 CANNA, Inc. Comparative Income Statement Years Ended December 31, 2019 and 2018 Amounts 2019 2018 Sales 1,635,750 1,500,950 Less: Sales returns and allowances 96,750 82,950 Net sales 1,539,000 1,418,000 Cost of goods sold 1,066,300 992,600 Gross profit on sales 472,700 425,400 Selling expenses 215,000 205,000 General expenses 210,000 190,000 Total expenses 425,000 395,000 Net income before income taxes 47,700 30,400 Income tax expense 7,155 4,560 Net income after income taxes...
- X Х Data Table Net Sales Revenue Net Income Ending Common Stockholders' Equity 2019 2018...
- X Х Data Table Net Sales Revenue Net Income Ending Common Stockholders' Equity 2019 2018 2017 2016 $ 759,000 $ 701,000 $ 646,000 $ 661,000 59,000 45,000 37,000 49,000 364,000 350,000 334,000 290,000 Print Done Requirement 1. Compute trend analyses for each item for 2017-2019. Use 2016 as the base year, and round to the nearest whole percent. Begin by computing The Right Mission Corporation's trend analysis for net sales revenue, then compute The Right Mission Corporation's trend analysis...
Using the information below, what is the return on common stockholders' equity for Raynee? (net income/common...
Using the information below, what is the return on common stockholders' equity for Raynee? (net income/common stockholders' equity) The following information pertains to Raynee Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments 50,000 Accounts receivable (net) 39,000 Inventory 23,000 Property, plant, and equipment 308,000 Total assets 420,000 Liability and Stockholders’ Equity Current liabilities 75,000 Long-term liabilities 120,000 Stockholders’ equity – common 225,000 Total Liabilities and Stockholders’ Equity 420,000 Income Statement...
The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant,...
The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) $2,448,600 Liabilities Current liabilities $222,000 Note payable, 6%, due in 15 years 1,113,000 $1,335,000 Total liabilities Stockholders' equity Preferred $2 stock, $100 par (no change during $1,335,000 year) Common stock, $10 par (no change during year) 1,335,000 Retained earnings Balance, beginning of year $1,424,000 Net income 573,000 $1,997,000 Preferred dividends $26,700 Common dividends 190,300 217,000 Balance, end of...
The following data are taken from the financial statements, determine for the current year the (a)...
The following data are taken from the financial statements, determine for the current year the (a) return on total assets, (b) return on stockholders' equity, (c) return on common stockholders' equity, (d) earnings per share on common stock, (e) price-earnings ratio on common stock, and (f) dividend yield. The current market price per share of common stock is $25. Current Year Current assets $745,000 Preceding Year $820,000 1,400,000 1,510,000 Property, plant, and equipment Current liabilities 160,000 140,000 400,000 400,000 250,000...
The following data were taken from the financial statements of Gates Inc. for the current fiscal...
The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) $2,129,800 Liabilities: Current liabilities $184,000 Note payable, 6%, due in 15 years 926,000 Total liabilities $1,110,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) $1,110,000 Common stock, $10 par (no change during year) 1,110,000 Retained earnings: Balance, beginning of year $1,184,000 Net income 510,000 $1,694,000 Preferred dividends $22,200 Common dividends 191,800 214,000 Balance, end of...
Xavier had the following ending balances after the first year of operations: assets, $33,400; stockholders' equity,...
Xavier had the following ending balances after the first year of operations: assets, $33,400; stockholders' equity, $18,000; dividends, $1,700; and net income, $30,500. What is the amount of Xavier's liabilities?
B is Earnings per share on
common stock
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Previous Year Year Current assets: Cash $535,000 $448,000 Marketable securities 619,500 504,000 Accounts and notes 253,50D 158,000 receivable (net) Inventories 887,000 590,700 Prepaid expenses 457,000 271,300 Total current assets $2,752,000 $2,072,000 Qument liabilities: Accounts and notes payable (short-term) Accrued liabilities Total currerit liabilities $371,200 268,800 $640,000 $392,000 169,000 $550,000...
- X Х Data Table Net Sales Revenue Net Income Ending Common Stockholders' Equity 2019 2018 2017 2016 $ 759,000 $ 701,000 $ 646,000 $ 661,000 59,000 45,000 37,000 49,000 364,000 350,000 334,000 290,000 Print Done Requirement 1. Compute trend analyses for each item for 2017-2019. Use 2016 as the base year, and round to the nearest whole percent. Begin by computing The Right Mission Corporation's trend analysis for net sales revenue, then compute The Right Mission Corporation's trend analysis...
The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) $2,448,600 Liabilities Current liabilities $222,000 Note payable, 6%, due in 15 years 1,113,000 $1,335,000 Total liabilities Stockholders' equity Preferred $2 stock, $100 par (no change during $1,335,000 year) Common stock, $10 par (no change during year) 1,335,000 Retained earnings Balance, beginning of year $1,424,000 Net income 573,000 $1,997,000 Preferred dividends $26,700 Common dividends 190,300 217,000 Balance, end of...
The following data are taken from the financial statements, determine for the current year the (a) return on total assets, (b) return on stockholders' equity, (c) return on common stockholders' equity, (d) earnings per share on common stock, (e) price-earnings ratio on common stock, and (f) dividend yield. The current market price per share of common stock is $25. Current Year Current assets $745,000 Preceding Year $820,000 1,400,000 1,510,000 Property, plant, and equipment Current liabilities 160,000 140,000 400,000 400,000 250,000...
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