Homework Answers
| 1 | Working Capital = | Current Assets - Current Liabilities | |
| = | $472,850 - $193,000 | ||
| = | $279,850 | ||
| 2 | Current Ratio = | Current Assets/Current Liabilties | |
| = | $472,850 / $193,000 | ||
| = | 2.45 | ||
| i.e. | 2.45:1 | ||
| 3 | Free cash flow computation: | ||
| Net cash provided by operating activities | $190,900 | ||
| Capital expenditures | ($89,500) | ||
| Dividends | ($30,300) | ($119,800) | |
| Free cash flow | $71,100 | ||
| 4 | Debt to assets ratio = | Total Debts/Total Assets | |
| = | $417,940 / $1,044,850 | ||
| = | 40% | ||
| 5 | Earnings per share = | (Net income / weighted average common shares | |
| = | ($166,000 / 50,000 | ||
| = | $3.32 | ||
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The following are financial statements of Wildhorse Co.. Wildhorse Co. Income Statement For the Year Ended...
Sandhill Co. Income Statement For the Year Ended December 31, 2022 Net sales Cost of goods...
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The following are financial statements of Vaughn
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Only need help on part e Condensed balance sheet and income statement data for Wildhorse Co....
Only need help on part e
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The following data are taken from the financial statements of Wildhorse Co.. The data are in...
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The following are financial statements of Vaughn
Manufacturing.
Vaughn Manufacturing
Income Statement
For the Year Ended December 31, 2017
Net sales
$2,230,600
Cost of goods sold
1,028,200
Selling and administrative expenses
924,400
Interest expense
90,300
Income tax expense
70,610
Net income
$ 117,090
Vaughn Manufacturing
Balance Sheet
December 31, 2017
Assets
Current assets
Cash
$ 72,200
Debt investments
85,610
Accounts receivable (net)
189,000
Inventory
162,400
Total current assets
509,210
Plant assets (net)
591,100
Total assets
$ 1,100,310
Liabilities and Stockholders’...
Only need help on part e
Condensed balance sheet and income statement data for Wildhorse Co. are presented as follows. Wildhorse Co. Balance Sheets December 31 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2022 $ 28,600 86,000 103,800 64,000 600,000 $ 882,400 2021 $ 22,000 57,500 95,500 59,700 470,000 704,700 $ 78,000 84,500 337,000...
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