Using the Internet, locate the most recent annual report of a company of your choosing and...
Using the Internet, locate the most recent annual report of a company of your choosing and write an initial post by responding to the following: Do not research the company listed in the text. For the most recent day indicated, what were the highest and lowest prices at which the company’s common stock sold? Find the company’s balance sheet and determine the following: the number of outstanding shares of common stock and the average price at which those shares were originally sold. What is the relationship between the current market price and the amount you have calculated in part b as the average price at which the stock originally sold? Find the company’s income statement and identify the trend in basic earnings per share, including discontinued operations. Did discontinued operations have a significant impact on EPS? For the most recent year, what is the average number of shares of common stock that was used to compute basic earnings per share? Why is that number different from the number outstanding in the company’s balance sheet? (Express, Inc.)
Homework Answers
BMW INDUSTRIES LIMITED Ltd.
Todays' high/low : 18.05/18.05
Number of Outstanding Shares :
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Using the Internet, locate the most recent annual report of a
company of your choosing and...
Internet Case 12.7 - Analyzing Stockholders' Equity and EPS (MUST POST FIRST) Initial Post-As an employee,...
Internet Case 12.7 - Analyzing Stockholders' Equity and EPS (MUST POST FIRST) Initial Post-As an employee, write an internal memo to your manager addressing the following: Using the Internet, locate the most recent annual report of a company of your choosing and write an initial post by responding to the following: Do not research the company listed in the text. For the most recent day indicated, what were the highest and lowest prices at which the company's common stock sold?...
Basic company facts: *Name of the firm: Britannia *Category of the firm: FMCG *State of incorporation:...
Basic company facts: *Name of the firm: Britannia *Category of the firm: FMCG *State of incorporation: Kolkata, West Bengal, India. *Year of foundation: 1918 *Primary & secondary SIC codes: N/A *Independent auditor: BSR & Co *Shares listed in: Bangalore stock exchange, national stock exchange, OTCEI, madras stock exchange, Delhi stock exchange, MCX stock exchange etc. *Stock ticker symbol: BRITANNIA 1. Summarize the basic information on your company’s income statements for the most recent three years. If an item was not...
crtical Thinking Cases 563 You are aware that, within Flexcom profitability is a main factor in...
crtical Thinking Cases 563 You are aware that, within Flexcom profitability is a main factor in the evaluation of management and has been cited in at least two recent situations as the basis for replacing individuals in leader ship positions Instructions Prepare a brief report to hief report to your supervisor explaining why you are bothered by these trends and offer one or more explanations that may underlie what is actually going on within Flexcom. L012-2 INTERNET CASE 12.7 Analyzing...
Select a public company and locate their most recent annual report. Review the financial statements and...
Select a public company and locate their most recent annual report. Review the financial statements and related footnotes and answer the following questions. ( Use Apple company 10 k- 2019) How does your company value its inventories (i.e., which inventory costing method(s) do they use)? If your company reports its inventories in multiple line items, what are they? (Look at both Balance Sheet and Footnotes for this information.) What is your company’s Inventory Turnover and Average Days to Sell Inventory?
Accounting 327 – In-class activity, April 7, 2020 – Diluted Earnings Per Share Grassland Company had...
Accounting 327 – In-class activity, April 7, 2020 – Diluted Earnings Per Share Grassland Company had 200,000 shares of common stock outstanding on January 1, 2018. On September 30, 2018, Grassland sold 80,000 shares of common stock for cash. Grassland also had 40,000 shares of $10 par, 10%, noncumulative, convertible preferred stock outstanding throughout 2018. Each share is convertible into one share of common stock. Grassland also had $500,000 of 8% bonds outstanding throughout 2018. Each $1,000 bond is convertible...
On January 1, 2018 Tonge Industries had outstanding 660,000 common shares ($1 par) that originally sold for $30 per share, and 9,000 shares of 10% cumulative preferred stock ($100 par), convertible i...
On January 1, 2018 Tonge Industries had outstanding 660,000 common shares ($1 par) that originally sold for $30 per share, and 9,000 shares of 10% cumulative preferred stock ($100 par), convertible into 90,000 common shares. On October 1, 2018, Tonge sold and issued an additional 16,000 shares of common stock at $33. At December 31, 2018, there were 25,000 incentive stock options outstanding, issued in 2017, and exercisable after one year for 25,000 shares of common stock at an exercise...
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Sarasota Corporation is preparing the comparative financial statements to be included in the annual report to...
Sarasota Corporation is preparing the comparative financial statements to be included in the annual report to stockholders. Sarasota employs a fiscal year ending May 31. Income from operations before income taxes for Sarasota was $1,539,000 and $725,000, respectively, for fiscal years ended May 31, 2021 and 2020. Sarasota experienced a loss from discontinued operations of $418,000 on March 3, 2021. A 20% combined income tax rate pertains to any and all of Sarasota Corporation’s profits, gains, and losses. Sarasota’s capital...
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EARNINGS PER SHARE EARNINGS PER SHARE WITH MULTIPLE POTENTIAL DILUTERS The following relate to Palmeto Corporation: Capital Stock: Common Stock, par $1, outstanding on 1/1/X1 90,000 shares Common Stock, issued 05/01/X1 6,000 shares Preferred Stock, par $20, percent (cumulative and nonconvertible) outstanding on 01/01/X1 2,500 shares Income data for year ending 12.31.X1: Income from Continuing Operations $134,000 Gain from Discontinued Operations (net of 40% tax) 10,000 Net Income 144.000 The following securities are outstanding for the entire year: 1. Stock...
Int. 3 Pr DILUTED EARNINGS PER SHARE STOCK OPTIONS Kulkulcan Technology Co. provides the following data...
Int. 3 Pr DILUTED EARNINGS PER SHARE STOCK OPTIONS Kulkulcan Technology Co. provides the following data at December 31, 2015. 35% Common stock outstanding during the entire year.................... 34,000 shares On January 1, 2015, there were options outstanding to purchase 9,000 shares of common stock at S20 per share. The average market price for the year was $26 per share. The balance sheet reports $510,000 of 7% nonconvertible bonds at December 31, 2015. (Interest expense is included in operating expenses.)...
Internet Case 12.7 - Analyzing Stockholders' Equity and EPS (MUST POST FIRST) Initial Post-As an employee, write an internal memo to your manager addressing the following: Using the Internet, locate the most recent annual report of a company of your choosing and write an initial post by responding to the following: Do not research the company listed in the text. For the most recent day indicated, what were the highest and lowest prices at which the company's common stock sold?...
crtical Thinking Cases 563 You are aware that, within Flexcom profitability is a main factor in the evaluation of management and has been cited in at least two recent situations as the basis for replacing individuals in leader ship positions Instructions Prepare a brief report to hief report to your supervisor explaining why you are bothered by these trends and offer one or more explanations that may underlie what is actually going on within Flexcom. L012-2 INTERNET CASE 12.7 Analyzing...
Accounting 327 – In-class activity, April 7, 2020 – Diluted Earnings Per Share Grassland Company had 200,000 shares of common stock outstanding on January 1, 2018. On September 30, 2018, Grassland sold 80,000 shares of common stock for cash. Grassland also had 40,000 shares of $10 par, 10%, noncumulative, convertible preferred stock outstanding throughout 2018. Each share is convertible into one share of common stock. Grassland also had $500,000 of 8% bonds outstanding throughout 2018. Each $1,000 bond is convertible...
On January 1, 2018 Tonge Industries had outstanding 660,000 common shares ($1 par) that originally sold for $30 per share, and 9,000 shares of 10% cumulative preferred stock ($100 par), convertible into 90,000 common shares. On October 1, 2018, Tonge sold and issued an additional 16,000 shares of common stock at $33. At December 31, 2018, there were 25,000 incentive stock options outstanding, issued in 2017, and exercisable after one year for 25,000 shares of common stock at an exercise...
EARNINGS PER SHARE EARNINGS PER SHARE WITH MULTIPLE POTENTIAL DILUTERS The following relate to Palmeto Corporation: Capital Stock: Common Stock, par $1, outstanding on 1/1/X1 90,000 shares Common Stock, issued 05/01/X1 6,000 shares Preferred Stock, par $20, percent (cumulative and nonconvertible) outstanding on 01/01/X1 2,500 shares Income data for year ending 12.31.X1: Income from Continuing Operations $134,000 Gain from Discontinued Operations (net of 40% tax) 10,000 Net Income 144.000 The following securities are outstanding for the entire year: 1. Stock...
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