Homework Answers
23.
| Rate of return on common stockholders equity = (Net income - Preferred dividends) / Average common stockholders equity |
| Rate of return on common stockholders equity = ($5,660,000 - $145,000) / ($1,000,000 - $350,000) |
| Rate of return on common stockholders equity = 8.4% |
Answer is C. 8.4%
24.
| Inventory turnover = Cost of goods sold / Average inventory |
| Inventory turnover = $11,750,000 / (($10,000,000 + $8,500,000) / 2) |
| Inventory turnover = 1.3 Times |
Answer is A. 1.3 Times
25.
| Times Interest Earned = Income before interest and taxes / Interest Expenses |
| Times Interest Earned = ($390,000 + $162,000 + $34,000) / $162,000 |
| Times Interest Earned = 3.6 Times |
Answer is B. 3.6 Times
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23) West Tech. reports the following amounts for 2020: Net income $ 5,660,000 Average stockholders' equity...
West Tech. reports the following amounts for 2020: $ 5,660,000 1,000,000 145,000 350,000 23) Net income...
West Tech. reports the following amounts for 2020: $ 5,660,000 1,000,000 145,000 350,000 23) Net income Average stockholders' equity Preferred dividends Par value preferred stock The 2020 rate of return on common stockholders' equity is: a. 5.8%. b. 6.6% C. 8.4% d. 9.19%. 24) Pagal Corporation had beginning inventory $10,000, 000, cost of goods sold $11,750,000, and ending inventory $8,500,000. What was Pagal's inventory turnover? a. 1.3 times. b. 1.4 times. c. 1.5 times. d. 2 times. 25) In 2020...
Wildhorse Corporation reports the following amounts in its 2020 financial statements: At December 31, 2020 For...
Wildhorse Corporation reports the following amounts in its 2020 financial statements: At December 31, 2020 For the Year 2020 $1,100,000 550,000 Total assets Total liabilities Total stockholders' equity Interest expense Income tax expense Net income $ 20,000 136,500 157,500 Compute the December 31, 2020, balance in stockholders' equity. Total stockholders' equitys Compute the debt to assets ratio at December 31, 2020. Debt to assets ratio Compute times interest earned for 2020. (Round answer to 2 decimal places, e.g. 15.25.) Times...
A company reports the following: Net income $1,225,000 Preferred dividends 47,800 Average stockholders' equity 8,750,000 Average...
A company reports the following: Net income $1,225,000 Preferred dividends 47,800 Average stockholders' equity 8,750,000 Average common stockholders' equity 5,400,000 Determine (a) the return on stockholders’ equity and (b) the return on common stockholders’ equity. (Round percentages to one decimal place.) a. Return on stockholders’ equity % b. Return on common stockholders’ equity %
. This financial Information is available for Pharoah Corporation. 2020 2019 Average common stockholders' equity $1,850,000...
. This financial Information is available for Pharoah Corporation. 2020 2019 Average common stockholders' equity $1,850,000 $2,040,000 Dividends paid to common stockholders 90,500 69,500 Dividends paid to preferred stockholders to preferred stockholders 20,500 Net income 293,500 240,500 Market price of common stock 27 0,500 20,500 The weighted-average number of shares of common stock outstanding was 175,000 for 2019 and 149,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2...
What is the Average Total Assets, Average Total Inventory, Preferred Dividends, and Average Common Stockholders Equity...
What is the Average Total Assets, Average Total Inventory,
Preferred Dividends, and Average Common Stockholders Equity ??
please show how with steps
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, $49,900; total assets, $229,400; common stock, $89,000;
and retained earnings, $33,215.)
Required:
Compute the following: (1) current ratio, (2) acid-test ratio, (3)
days' sales uncollected, (4) inventory turnover, (5) days' sales...
The following financial information is available for Crane Corporation. (in millions) 2020 2019 Average common stockholders’...
The following financial information is available for Crane Corporation. (in millions) 2020 2019 Average common stockholders’ equity $2,566 $2,607 Dividends declared for common stockholders 292 623 Dividends declared for preferred stockholders 55 55 Net income 502 564 Calculate the payout ratio and return on common stockholders’ equity for 2020 and 2019.
This financial Information is available for Pharoah Corporation. 2020 2019 Average common stockholders' equity $1,850,000 $2,040,000...
This financial Information is available for Pharoah Corporation. 2020 2019 Average common stockholders' equity $1,850,000 $2,040,000 Dividends paid to common stockholders 90,500 69,500 Dividends paid to preferred stockholders 20,500 20,500 Net income 293,500 240,500 Market price of common stock 22 27 The weighted average number of shares of common stock outstanding was 175,000 for 2019 and 149,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2 decimal places, e.g....
Given the following data. Current $2,300 10,900 28,500 Previous $ 2,050 Net income Stockholders' equity 14,025...
Given the following data. Current $2,300 10,900 28,500 Previous $ 2,050 Net income Stockholders' equity 14,025 30,500 Total assets Interest expense 490 390 Compute the return on equity ratio for the current year. (Round your answers to the nearest whole dollar amount.) Return on Equity Ratio Numerator Net Income Preferred Dividends $ 2,300 0 Denominator Average Stockholders' Equity Cash Current Assets Current Liabilities Ending Stockholders' Equity
Exercise 14-16 This financial information is available for Crane Corporation. 2020 Average common stockholders' equity Dividends...
Exercise 14-16 This financial information is available for Crane Corporation. 2020 Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock $1,780,000 90,500 19,500 294,500 2019 $1,900,000 68,000 19,500 240,500 23 The weighted average number of shares of common stock outstanding was 175,500 for 2019 and 146,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2 decimal places,...
Common Stockholders' Profitability Analysis A company reports the following: Net income $190,000 Preferred dividends 7,600 Average...
Common Stockholders' Profitability Analysis A company reports the following: Net income $190,000 Preferred dividends 7,600 Average stockholders' equity 1,743,119 Average common stockholders' equity 872,727 Determine (a) the return on stockholders’ equity and (b) the return on common stockholders’ equity. If required, round your answers to one decimal place. a. Return on Stockholders' Equity % b. Return on Common Stockholders’ Equity %
West Tech. reports the following amounts for 2020: $ 5,660,000 1,000,000 145,000 350,000 23) Net income Average stockholders' equity Preferred dividends Par value preferred stock The 2020 rate of return on common stockholders' equity is: a. 5.8%. b. 6.6% C. 8.4% d. 9.19%. 24) Pagal Corporation had beginning inventory $10,000, 000, cost of goods sold $11,750,000, and ending inventory $8,500,000. What was Pagal's inventory turnover? a. 1.3 times. b. 1.4 times. c. 1.5 times. d. 2 times. 25) In 2020...
Wildhorse Corporation reports the following amounts in its 2020 financial statements: At December 31, 2020 For the Year 2020 $1,100,000 550,000 Total assets Total liabilities Total stockholders' equity Interest expense Income tax expense Net income $ 20,000 136,500 157,500 Compute the December 31, 2020, balance in stockholders' equity. Total stockholders' equitys Compute the debt to assets ratio at December 31, 2020. Debt to assets ratio Compute times interest earned for 2020. (Round answer to 2 decimal places, e.g. 15.25.) Times...
. This financial Information is available for Pharoah Corporation. 2020 2019 Average common stockholders' equity $1,850,000 $2,040,000 Dividends paid to common stockholders 90,500 69,500 Dividends paid to preferred stockholders to preferred stockholders 20,500 Net income 293,500 240,500 Market price of common stock 27 0,500 20,500 The weighted-average number of shares of common stock outstanding was 175,000 for 2019 and 149,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2...
What is the Average Total Assets, Average Total Inventory,
Preferred Dividends, and Average Common Stockholders Equity ??
please show how with steps
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, $49,900; total assets, $229,400; common stock, $89,000;
and retained earnings, $33,215.)
Required:
Compute the following: (1) current ratio, (2) acid-test ratio, (3)
days' sales uncollected, (4) inventory turnover, (5) days' sales...
This financial Information is available for Pharoah Corporation. 2020 2019 Average common stockholders' equity $1,850,000 $2,040,000 Dividends paid to common stockholders 90,500 69,500 Dividends paid to preferred stockholders 20,500 20,500 Net income 293,500 240,500 Market price of common stock 22 27 The weighted average number of shares of common stock outstanding was 175,000 for 2019 and 149,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2 decimal places, e.g....
Given the following data. Current $2,300 10,900 28,500 Previous $ 2,050 Net income Stockholders' equity 14,025 30,500 Total assets Interest expense 490 390 Compute the return on equity ratio for the current year. (Round your answers to the nearest whole dollar amount.) Return on Equity Ratio Numerator Net Income Preferred Dividends $ 2,300 0 Denominator Average Stockholders' Equity Cash Current Assets Current Liabilities Ending Stockholders' Equity
Exercise 14-16 This financial information is available for Crane Corporation. 2020 Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net income Market price of common stock $1,780,000 90,500 19,500 294,500 2019 $1,900,000 68,000 19,500 240,500 23 The weighted average number of shares of common stock outstanding was 175,500 for 2019 and 146,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2 decimal places,...
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