Please find below the worksheets in Exhibit 10.12 and 10.13 in which the financial statements of Arcot Company have been restated to U.S. GAAP. Required: Calculate each of the ratios listed below using (1) the Local GAAP amounts in Column 1, and (2) the U.S. GAAP amounts in Column 4. Round to 3 decimal places.
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Please find below the worksheets in Exhibit 10.12 and 10.13 in which the financial statements of...
Please find below the worksheets in Exhibit 10.12 and 10.13 in which the financial statements of Arcot Company have been restated to U.S. GAAP. Required: Calculate each of the ratios listed below using (1) the Local GAAP amounts in Column 1, and (2) the U.S. GAAP amounts in Column 4. Round to 3 decimal places. Ratio Local GAAP U.S. GAAP Profit margin [a] [b] Return on equity [c] [d] Ratio Local GAAP U.S. GAAP Debt/equity ratio [a] [b] Operating profit...
Given the financial statements below for Dragonfly Enterprises, what is the external financing need for a pro forma increase in sales of 13% if the firm is operating at 94% capacity? Enter your answer as the nearest whole (e.g., 123), but do not include the $ sign. Dragonfly Enterprises Income Statement ($ Million) 2011 Sales 370 Cost of Goods Sold 226 Selling, General, & Admin Exp. 62 Depreciation 20 Earnings Before Interest & Taxes 62 Interest Expense 12 Taxable Income...
Please show all work. 1. Statement of Cash Flows and Standardized Financial Statements a) Net income for your firm was $10,000 last year. The depreciation expense was $2,500; accounts receivable increased $1,250; accounts payable increased $800; and inventories increased by $2,000. Identify the sources and uses of cash • What was the total cash flow from operations for the period? Operating activities = Net Income + Depreciation + Source (inflow) - Use foutflow) b) i) Prepare the 2018 common-size Income...
Problem 19-1 Use the financial statements of Helfer Sports Inc. to find the information below for Helfer (Use 365 days a year. Round all answers to 2 decimal places except $ amounts.) Income Statement Sales Coat of goods sold Depreciation Selling & admin. expenses EBIT Interest expense Taxable income Taxes Net Income 2017 $ 5,630,000 2,936.000 289.400 1,550,000 854.600 138,000 716,600 320,300 396,300 Balance sheet, Year-End Assets 2017 2016 48.000 649.000 481.800 $1,179,200 3,060,000 4.239.200 $ 54,000 932.200 648,400 $1,634,600...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 500,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company's common stock at the...
please help thanks Last year's financial statements for VanDiest Chemical are below. VanDiest is expecting sales to grow by 15 percent this year. Their tax rate is 25 percent and their dividend payout rate is expected to remain at 25 percent. Costs, selling and administration expense, current assets, accounts payable, and accrued taxes increase proportionally with sales. Interest expense. notes payable, and long-term debt will be unchanged. Van Diest is operating at full capacity Income Statement Last Year Sales 780,000...
Balance sheet. Use the data from the financial statements of a company shown below. Use it to answer the 7 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. Round to the nearest dollar. Income Statement year...
NEED HELP ASAP PLEASE! (I already answered 1-4) The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 62 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $ 3,614,400 $ 3,055,100 Net income 817,600 625,700 Total $4,432,000 $ 3,680,800 Dividends: On preferred stock $ 10,500 $ 10,500 On common stock 55,900 55,900 Total dividends...
[The following information applies to the questions displayed below.) Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosure notes for the year ended February 3, 2018, are available here. This material is also available under the Investor Relations link at the company's website (www.target.com). Target Case (Static) Parts 1 to 4 Required: 1. By what name does Target label its balance sheet? 2. What amounts did Target report for the following items on February...
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 840,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company’s common stock at the...