Homework Answers
Ans. (a) Return on Total Assets:
20X8- 6.40%
20X7- 9.37%
20X6- 17.85%
20X5- 29.04%
20X4- 32.32%
(b) Return on Stockholder's Equity:
20X8- 7.66%
20X7- 11.33%
20X6- 22.96%
20X5- 44.38%
20X4- 69.57%
(c) Times Interest Earned:
20X8- 1.495 Times
20X7- 1.74 Times
20X6- 2.40 Times
20X5- 3.11 Times
20X4- 3.27 Times
(d) Ratio of Laiabilities to Stockholder's Equity- Year wise data for liabilities not given
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Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 2048 2017 Net...
Crosby Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $5,571,720...
Crosby Company has provided the following comparative
information:
20Y8
20Y7
20Y6
20Y5
20Y4
Net income
$5,571,720
$3,714,480
$2,772,000
$1,848,000
$1,400,000
Interest expense
1,052,060
891,576
768,600
610,000
500,000
Income tax expense
1,225,572
845,222
640,320
441,600
320,000
Total assets (ending balance)
29,378,491
22,598,839
17,120,333
12,588,480
10,152,000
Total stockholders’ equity (ending balance)
18,706,200
13,134,480
9,420,000
6,648,000
4,800,000
Average total assets
25,988,665
19,859,586
14,854,406
11,370,240
8,676,000
Average total stockholders' equity
15,920,340
11,277,240
8,034,000
5,724,000
4,100,000
You have been asked to evaluate the historical performance...
Addai Company has provided the following comparative information: 20Y8 &nb...
Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $992,700 $855,800 $719,200 $614,700 $520,900 Interest expense 337,500 308,100 266,100 202,900 161,500 Income tax expense 317,664 239,624 201,376 159,822 125,016 Total assets (ending balance) 6,725,274 7,130,976 5,120,602 5,361,312 4,065,662 Total stockholders' equity (ending balance) 2,113,151 2,580,467 1,645,705 2,071,091 1,242,655 Average total assets 6,928,125 6,125,789 5,240,957 4,467,760 3,812,291 Average stockholders' equity 2,346,809 2,113,086 1,858,398 1,656,873 1,459,104 You have been asked to evaluate the historical performance of...
Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $912,600...
Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $912,600 $786,700 $661,100 $565,000 $478,800 Interest expense 310,300 283,200 244,600 186,500 148,400 Income tax expense 292,032 220,276 185,108 146,900 114,912 Total assets (ending balance) 4,872,092 5,110,766 3,694,996 3,821,186 2,897,733 Total stockholders' equity (ending balance) 1,569,736 1,874,038 1,199,008 1,477,510 886,506 Average total assets 4,991,429 4,402,881 3,758,091 3,184,322 2,703,448 Average stockholders' equity 1,721,887 1,536,523 1,338,259 1,182,008 1,031,897 You have been asked to evaluate the historical performance of...
Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $992,700...
Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $992,700 $855,800 $719,200 $614,700 $520,900 Interest expense 337,500 308,100 266,100 202,900 161,500 Income tax expense 317,664 239,624 201,376 159,822 125,016 Total assets (ending balance) 6,725,274 7,130,976 5,120,602 5,361,312 4,065,662 Total stockholders' equity (ending balance) 2,113,151 2,580,467 1,645,705 2,071,091 1,242,655 Average total assets 6,928,125 6,125,789 5,240,957 4,467,760 3,812,291 Average stockholders' equity 2,346,809 2,113,086 1,858,398 1,656,873 1,459,104 You have been asked to evaluate the historical performance of...
Crosby Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $5,571,720...
Crosby Company has provided the following comparative
information:
20Y8
20Y7
20Y6
20Y5
20Y4
Net income
$5,571,720
$3,714,480
$2,772,000
$1,848,000
$1,400,000
Interest expense
1,052,060
891,576
768,600
610,000
500,000
Income tax expense
1,225,572
845,222
640,320
441,600
320,000
Total assets (ending balance)
29,378,491
22,598,839
17,120,333
12,588,480
10,152,000
Total stockholders’ equity (ending balance)
18,706,200
13,134,480
9,420,000
6,648,000
4,800,000
Average total assets
25,988,665
19,859,586
14,854,406
11,370,240
8,676,000
Average total stockholders' equity
15,920,340
11,277,240
8,034,000
5,724,000
4,100,000
You have been asked to evaluate the historical performance...
Return on total assets PR 145B Crosby Company has provided the following comparative information: Solvency and...
Return on total assets
PR 145B Crosby Company has provided the following comparative information: Solvency and profitability trend analysis 1.8. 20Y7, 32.9% 20Y5 . 20Y6 20Y4 20Y7 20Y8 51A00 610,000 5000 1,052,060 891,576 768,600 1,225,572845,222 640,320 441,600 $ 5,571,720 $ 3,714,480 $2,772,000 $ 1,848 Net income Interest expense Income tax expense Total assets (ending balance) Total stockholders' equity 0,152000 29,378,491 22,598,839 17,120,333 12,588,480 101 (ending balance) Average total assets 18,706,200 13,134,480 9,420,000 6,648,000 25,988,665 19,859,586 14,854,406 11,370,240 8,67600 Average total...
Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are...
Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $60 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2018 2017 Sales $5,015,100 $4,620,700 Cost of goods sold (1,594,320) (1,466,770) Gross profit $3,420,780 $3,153,930 Selling expenses $(1,475,670) Administrative expenses $(1,229,360) (1,047,240) (2,276,600) (866,660) Total operating expenses (2,342,330) Operating income $1,144,180 $811,600...
Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are...
Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $60 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2018 2017 Sales $5,015,100 $4,620,700 Cost of goods sold (1,594,320) (1,466,770) Gross profit $3,420,780 $3,153,930 Selling expenses $(1,475,670) Administrative expenses $(1,229,360) (1,047,240) (2,276,600) (866,660) Total operating expenses (2,342,330) Operating income $1,144,180 $811,600...
Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows....
Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $63 on December 31, 2016. Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings, January 1 Add net income for year $1,028,375 227,200 $873,425 178,900 $1,052,325 Total $1,255,575 Deduct dividends On preferred stock On common stock Total $7,700 16,250 $7,700 16,250 $23,950 $1,028,375 $23,950 Retained...
Calculator Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as...
Calculator Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $55 on December 31, 2016. Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings, January 1 $1,662,500 $1,403,900 Add net income for year 364,000 287,600 $1,691,500 Total $2,026,500 Deduct dividends On preferred stock $12,600 $12,600 16,400 On common stock 16,400 Total $29,000 $29,000 $1,662,500...
Crosby Company has provided the following comparative
information:
20Y8
20Y7
20Y6
20Y5
20Y4
Net income
$5,571,720
$3,714,480
$2,772,000
$1,848,000
$1,400,000
Interest expense
1,052,060
891,576
768,600
610,000
500,000
Income tax expense
1,225,572
845,222
640,320
441,600
320,000
Total assets (ending balance)
29,378,491
22,598,839
17,120,333
12,588,480
10,152,000
Total stockholders’ equity (ending balance)
18,706,200
13,134,480
9,420,000
6,648,000
4,800,000
Average total assets
25,988,665
19,859,586
14,854,406
11,370,240
8,676,000
Average total stockholders' equity
15,920,340
11,277,240
8,034,000
5,724,000
4,100,000
You have been asked to evaluate the historical performance...
Crosby Company has provided the following comparative
information:
20Y8
20Y7
20Y6
20Y5
20Y4
Net income
$5,571,720
$3,714,480
$2,772,000
$1,848,000
$1,400,000
Interest expense
1,052,060
891,576
768,600
610,000
500,000
Income tax expense
1,225,572
845,222
640,320
441,600
320,000
Total assets (ending balance)
29,378,491
22,598,839
17,120,333
12,588,480
10,152,000
Total stockholders’ equity (ending balance)
18,706,200
13,134,480
9,420,000
6,648,000
4,800,000
Average total assets
25,988,665
19,859,586
14,854,406
11,370,240
8,676,000
Average total stockholders' equity
15,920,340
11,277,240
8,034,000
5,724,000
4,100,000
You have been asked to evaluate the historical performance...
Return on total assets
PR 145B Crosby Company has provided the following comparative information: Solvency and profitability trend analysis 1.8. 20Y7, 32.9% 20Y5 . 20Y6 20Y4 20Y7 20Y8 51A00 610,000 5000 1,052,060 891,576 768,600 1,225,572845,222 640,320 441,600 $ 5,571,720 $ 3,714,480 $2,772,000 $ 1,848 Net income Interest expense Income tax expense Total assets (ending balance) Total stockholders' equity 0,152000 29,378,491 22,598,839 17,120,333 12,588,480 101 (ending balance) Average total assets 18,706,200 13,134,480 9,420,000 6,648,000 25,988,665 19,859,586 14,854,406 11,370,240 8,67600 Average total...
Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $60 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2018 2017 Sales $5,015,100 $4,620,700 Cost of goods sold (1,594,320) (1,466,770) Gross profit $3,420,780 $3,153,930 Selling expenses $(1,475,670) Administrative expenses $(1,229,360) (1,047,240) (2,276,600) (866,660) Total operating expenses (2,342,330) Operating income $1,144,180 $811,600...
Twenty metrics of liquidity, Solvency, and Profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $60 on December 31, 20Y8. AUTOMOTIVE SOLUTIONS INC. Comparative Income Statement For the Years Ended December 31, 2018 and 2017 2018 2017 Sales $5,015,100 $4,620,700 Cost of goods sold (1,594,320) (1,466,770) Gross profit $3,420,780 $3,153,930 Selling expenses $(1,475,670) Administrative expenses $(1,229,360) (1,047,240) (2,276,600) (866,660) Total operating expenses (2,342,330) Operating income $1,144,180 $811,600...
Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $63 on December 31, 2016. Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings, January 1 Add net income for year $1,028,375 227,200 $873,425 178,900 $1,052,325 Total $1,255,575 Deduct dividends On preferred stock On common stock Total $7,700 16,250 $7,700 16,250 $23,950 $1,028,375 $23,950 Retained...
Calculator Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $55 on December 31, 2016. Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings, January 1 $1,662,500 $1,403,900 Add net income for year 364,000 287,600 $1,691,500 Total $2,026,500 Deduct dividends On preferred stock $12,600 $12,600 16,400 On common stock 16,400 Total $29,000 $29,000 $1,662,500...
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