Homework Answers
b)
Day’s sales in inventory = (Ending inventory/Cost of goods sold) x
365
= ($70,500 / $409,800) * 365
= 0.172035139 * 365
= 62.79 days
c)
Equity multiplier = Total assets / Total equity
= $658,000 / ($220,000 + $224,400)
= $658,000 / $444,400
= 1.48
d)
Profit Margin = Net Income / Total Sales
= $50,800 / $642,100
= 0.0791 or 7.91%
Total Asset Turnover = Total Sales / Total Assets
= $642,100 / $658,000
= 0.98
Equity Multiplier = Total Assets / Total Equity
= $658,000 / ($220,000 + $224,400)
= $658,000 / $444,400
= 1.48
Return on Equity = Profit Margin * Total Asset Turnover * Equity
Multiplier
= 7.91% * 0.98 * 1.48
= 11.47%
e)
Price-earnings ratio = Price per share / Earnings per share
= $6.50 / ($50,800 / 220,000)
= $6.50 / 0.230909091
= 28.15
f)
Market to book ratio = Market price per share/Book value per
share
= $6.50 / (($220,000 + $224,400) / 220,000)
= $6.50 / ($444,400 / 220,000)
= $6.50 / $2.02
= 3.22
Add Answer to:
5. Income Statement and Balance Sheets Deep Falls Timber 2015 Income Statement Net sales Cost of...
Please Use your keyboard (Don't use handwriting) Thank you.. ***Just choose the correct answer without explain...
Please Use your keyboard (Don't use handwriting) Thank you.. ***Just choose the correct answer without explain 67- What is the cash coverage ratio for 2015? A. 11.06 B. 6.02 C. 13.79 D. 14.89 E. 8.78 68- What are the values of the three components of the DuPont identity for 2015? A. 7.91%; 1.0248; 1.4806 B. 8.57%; 1.0248; .6754 C. 7.91%; .9758; 1.4806 D. 11.43%; .9758; .6754 E. 11.43%; 1.0248; 1.4806 69- Deep Falls Timber stock sold for $6.50 a share...
Deep Falls Timber stock sold for $6.50 a share as of 2015. What was the...
Deep Falls Timber stock sold for $6.50 a share as of 2015. What was the market-to-book ratio at that time? 1.78 2.22 2.78 3.03 3.22
1. Create Income Statement for 2014 & 2015 2. Create Balance Sheet for 2014 & 2015...
1. Create Income Statement for 2014 & 2015 2. Create Balance Sheet for 2014 & 2015 3. Create Cash Flow Statement for 2015 Please show answers and formulas. 2014 2015 Accounts Payable $2,065,168 $3,732,362 Accounts Receivable 47,677,904 53,413,866 Cash 5,786,943 1,260,691 Common Stock 27,280,000 27,280,000 Cost of Goods Sold 45,014,348 50,298,751 Depreciation Expense 975,000 975,000 Dividends 1,200,000 1,200,000 Interest Expense 90,430 103,266 Inventory 8,399,133 8,989,075 Long-Term Debt 0 0 ...
what is the return on equity use2009 values Galaxy United, Inc. 2009 Income Statement Net sales...
what is the return on equity use2009 values
Galaxy United, Inc. 2009 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes Net income $627,800 521,400 11.200 95,200 10,100 $85,100 28.900 $56,200 Galaxy United, Inc. 2008 and 2009 Balance Sheets Cash Accounts rec. Inventory Sub total Net fixed assets Total 2008 2009 $17,000 $24,700 54,100 56,700 189.400 186.700 $260,500 $268,100 261,300 279,400 $521,800 $547.500 Accounts payable Long-term...
1) Given the following financial information for 2014 and 2015, construct an Income Statement, Balance Sheet...
1) Given the following financial information for 2014 and 2015, construct an Income Statement, Balance Sheet and Statement of Cash Flows for Grand Twins. - The Income Statement information is for the entire year. - The Balance Sheet information is for December 31 of each year. 2014 2015 Accounts Payable $2,065,168 $3,732,362 Accounts Receivable 47,677,904 53,413,866 Cash 5,786,943 1,260,691 Common Stock 27,280,000 27,280,000 Cost of Goods Sold 45,014,348 50,298,751 Depreciation Expense 975,000 975,000...
Assets 2014 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014...
Assets 2014 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 24,600 Accounts payable $ 23,684 15,700 Notes payable 14,000 27,600 Other 12,071 2015 Current assets Cash Accounts receivable Inventory $ 24,096 12,948 26,242 $ 27,600 11,300 18,100 Total $ 63,286 $ 67,900 Total $ 49,755 $ 57,000 $ 74,000 $ 82,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 48,000 221,226 $ 48,000 242,000 Fixed assets...
Woodlands Inc. 2015 Income Statement ($ in millions) Total operating revenues $3,806 Cost of goods sold...
Woodlands Inc. 2015 Income Statement ($ in millions) Total operating revenues $3,806 Cost of goods sold 2,315 Selling, general, and administrative expenses 546 Depreciation 311 Eamings before interest and taxes (EBIT) Interest expense $634 170 $464 Pretax income Taxes 162 Net income $302 Dividends 75 Woodlands Inc. Balance Sheet ($ in millions) 2015 2014 Liabilities and Stockholders' Equity $ 503 $ 227 Accounts payable 2015 2014 $ 686$ 613 Assets Cash and equivalents Accounts receivable Inventory Net property & equipment...
$3.806 Woodlands Inc. 2015 Income Statement ($ in millions) Total operating revenues Cost of goods sold...
$3.806 Woodlands Inc. 2015 Income Statement ($ in millions) Total operating revenues Cost of goods sold 2,315 Selling, general, and administrative expenses 546 Depreciation 311 Earnings before interest and taxes (EBIT) Interest expense $634 170 Pretax income Taxes $464 162 $302 Net income 75 Dividends 2015 2014 $ 686$ 613 Assets Cash and equivalents Accounts receivable Inventory Net property & equipment Intangible assets Woodlands Inc. Balance Sheet ($ in millions) 2015 2014 Liabilities and Stockholders' Equity $ 503 $ 227...
Income statement: Sales Cost of goods sold Net income 20X2 $2,500,000 1,300,000 200,000 Balance sheets: Accounts...
Income statement: Sales Cost of goods sold Net income 20X2 $2,500,000 1,300,000 200,000 Balance sheets: Accounts receivable Total assets Total shareholders' equity 20X2 20X1 $ 300,000 $ 200,000 2,000,000 1,800,000 900,000 700,000 The return on shareholders' equity for 20X2 is: The return on shareholders' equity for 20X2 is: Multiple Choice O 20% O 8% O 22.22% O 25% Income statement: Sales Cost of goods sold Net income 20X2 $2,500,000 1,300,000 200,000 Balance sheets: Accounts receivable Total assets Total shareholders' equity...
Demonstration Problem Chapter 14 The Carpet Company's 2014 and 2015 balance sheets included the following items:...
Demonstration Problem Chapter 14 The Carpet Company's 2014 and 2015 balance sheets included the following items: December 31 2015 2014 Debits $ 4,000 9,000 18,000 15,000 $46,000 $10,500 8,000 21,000 18,000 $57,500 Cash Accounts receivable Merchandise inventory Equipment.... Totals.. Credits $ 4,000 7,000 1,000 1,500 27,000 6,000 11,000 $57,500 $3,000 5,000 2,000 Accumulated depreciation, equipment. Accounts payable Taxes payable.. Dividends payable.. Common stock, $10 par value Contributed capital in excess of par, common stock Retained earnings. 25,000 5,000 6,000 $46,000...
what is the return on equity use2009 values
Galaxy United, Inc. 2009 Income Statement Net sales Less: Cost of goods sold Less: Depreciation Earnings before interest and taxes Less: Interest paid Taxable income Less: Taxes Net income $627,800 521,400 11.200 95,200 10,100 $85,100 28.900 $56,200 Galaxy United, Inc. 2008 and 2009 Balance Sheets Cash Accounts rec. Inventory Sub total Net fixed assets Total 2008 2009 $17,000 $24,700 54,100 56,700 189.400 186.700 $260,500 $268,100 261,300 279,400 $521,800 $547.500 Accounts payable Long-term...
Assets 2014 SMOLIRA GOLF CORP. 2014 and 2015 Balance Sheets Liabilities and Owners' Equity 2015 2014 Current liabilities $ 24,600 Accounts payable $ 23,684 15,700 Notes payable 14,000 27,600 Other 12,071 2015 Current assets Cash Accounts receivable Inventory $ 24,096 12,948 26,242 $ 27,600 11,300 18,100 Total $ 63,286 $ 67,900 Total $ 49,755 $ 57,000 $ 74,000 $ 82,000 Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings $ 48,000 221,226 $ 48,000 242,000 Fixed assets...
Woodlands Inc. 2015 Income Statement ($ in millions) Total operating revenues $3,806 Cost of goods sold 2,315 Selling, general, and administrative expenses 546 Depreciation 311 Eamings before interest and taxes (EBIT) Interest expense $634 170 $464 Pretax income Taxes 162 Net income $302 Dividends 75 Woodlands Inc. Balance Sheet ($ in millions) 2015 2014 Liabilities and Stockholders' Equity $ 503 $ 227 Accounts payable 2015 2014 $ 686$ 613 Assets Cash and equivalents Accounts receivable Inventory Net property & equipment...
$3.806 Woodlands Inc. 2015 Income Statement ($ in millions) Total operating revenues Cost of goods sold 2,315 Selling, general, and administrative expenses 546 Depreciation 311 Earnings before interest and taxes (EBIT) Interest expense $634 170 Pretax income Taxes $464 162 $302 Net income 75 Dividends 2015 2014 $ 686$ 613 Assets Cash and equivalents Accounts receivable Inventory Net property & equipment Intangible assets Woodlands Inc. Balance Sheet ($ in millions) 2015 2014 Liabilities and Stockholders' Equity $ 503 $ 227...
Income statement: Sales Cost of goods sold Net income 20X2 $2,500,000 1,300,000 200,000 Balance sheets: Accounts receivable Total assets Total shareholders' equity 20X2 20X1 $ 300,000 $ 200,000 2,000,000 1,800,000 900,000 700,000 The return on shareholders' equity for 20X2 is: The return on shareholders' equity for 20X2 is: Multiple Choice O 20% O 8% O 22.22% O 25% Income statement: Sales Cost of goods sold Net income 20X2 $2,500,000 1,300,000 200,000 Balance sheets: Accounts receivable Total assets Total shareholders' equity...
Demonstration Problem Chapter 14 The Carpet Company's 2014 and 2015 balance sheets included the following items: December 31 2015 2014 Debits $ 4,000 9,000 18,000 15,000 $46,000 $10,500 8,000 21,000 18,000 $57,500 Cash Accounts receivable Merchandise inventory Equipment.... Totals.. Credits $ 4,000 7,000 1,000 1,500 27,000 6,000 11,000 $57,500 $3,000 5,000 2,000 Accumulated depreciation, equipment. Accounts payable Taxes payable.. Dividends payable.. Common stock, $10 par value Contributed capital in excess of par, common stock Retained earnings. 25,000 5,000 6,000 $46,000...
Most questions answered within 3 hours.
-
Katelynn, a physician, earns $200,000 from her medical practice
in the current year. She receives $45,000...
asked 2 minutes ago -
Each row of the table below describes an aqueous solution at
25°C
.
The second column...
asked 6 minutes ago -
A horizontal wire is at y = 0. Current travels in the +x
direction. The magnetic...
asked 7 minutes ago -
Let X be a continuous random variable whose PDF is Let X be a
continuous random...
asked 28 minutes ago -
Martinez Company’s relevant range of production is 7,500 units
to 12,500 units. When it produces and...
asked 26 minutes ago -
A football with a mass of 1.2 kg is kicked from ground level to
a height...
asked 32 minutes ago -
Remember: Changes in supply determinants shift supply, and
changes in demand determinants shift demand. We say...
asked 30 minutes ago -
Why is the answer b), for this question? I came up with C) for
my incorrect...
asked 36 minutes ago -
Suppose that you know that in the population of full-time
employees in the United States, the...
asked 58 minutes ago -
This experiment was designed originally to sample various meat and carcass quality
aspects of Ontario pigs...
asked 59 minutes ago -
Dopamine Hydrochloride: draw the structure And Show the
functional groups in different colors and label the...
asked 51 minutes ago -
A rope supports a 10 kg dumbbell hanging from it. What is the
tension in the...
asked 51 minutes ago