Homework Answers
| a | ||
| 2017 | 2016 | |
| Net income | 74875 | 32500 |
| Less: Preferred Dividends | 4000 | 4000 |
| Net income for Common stockholders | 70875 | 28500 |
| Divide by Average Common shares outstanding | 52500 | 30000 |
| Earnings per share | 1.35 | 0.95 |
| b | ||
| 2017 | 2016 | |
| Current Assets | 70000 | 39360 |
| Divide by Current Liabilities | 28000 | 32800 |
| Current ratio | 2.5 | 1.2 |
| 2017 | 2016 | |
| Total Liabilities | 91000 | 105800 |
| Divide by Total Assets | 260000 | 230000 |
| Debt to Assets ratio | 35% | 46% |
| c | ||
| 2017 | 2016 | |
| Net cash provided by Operating activities | 90000 | 56000 |
| Less: Expenditures on Property, Plant and Equipment | 23000 | 16000 |
| Less: Dividends | 7000 | 5500 |
| Free cash flow | 60000 | 34500 |
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The following information is available for Bridgeport Corp. Current assets 2017 2016 $ 70,000 $39,360 260,000...
The following information is available for Monty Corp. 2017 2016 Current assets $ 48,300 $ 47,850...
The following information is available for Monty Corp. 2017 2016 Current assets $ 48,300 $ 47,850 Total assets 280,000 240,000 Current liabilities 23,000 33,000 Total liabilities 89,600 112,800 Net income 110,250 40,000 Net cash provided by operating activities 90,000 56,000 Preferred dividends 4,000 4,000 Common dividends 2,000 1,000 Expenditures on property, plant, and equipment 28,000 15,000 Shares outstanding at beginning of year 45,000 35,000 Shares outstanding at end of year 80,000 45,000 (a) Compute earnings per share for 2017 and...
The following information is available for Bridgeport Corp. Current assets Total assets Current liabilities Total liabilities...
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The following information is available for Flint Corporation. 2017 2016 Current assets Total assets Current liabilities...
The following information is available for Flint Corporation. 2017 2016 Current assets Total assets Current liabilities Total liabilities Net income $ 55,200 $ 45,765 250,000 225,000 23,000 33,900 75,000 117,000 75,875 29,500 90,000 56,000 7,000 7,000 2,000 1,000 28,000 15,000 Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment Shares outstanding at beginning of year 30,000 65,000 20,000 30,000 Shares outstanding at end of year (a) Compute earnings per share for 2017 and...
The following information is available for Marigold Corp. Current assets Total assets Current liabilities Total liabilities...
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(a) Compute earnings per share for 2017 and 2016 for Blossom. (Round answers to 2 decimal...
(a) Compute earnings per share for 2017 and 2016 for Blossom. (Round answers to 2 decimal places, e.g. 52.75.) 2017 2016 Earnings per share (b) Compute the current ratio and debt to assets ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2017 2016 Current ratio :1 :1 Debt to assets ratio % % (c) Compute free cash flow for each year. 2017 2016 Free cash flow $ Current Attempt in Progress The following information is available...
The following information is available for Bakers Corporation. 2018 2017 Current liabilities $ 88,000 $
The following information is available for Bakers Corporation. 2018 2017 Current liabilities $ 88,000 $ 60,800 Total assets 400,000 341,000 Currrent liabilities 40,000 38,000 Total liabilities 120,000 150,000 Net income 100,000 50,000 Net cash provided by operating activities 110,000 70,000 Preferred dividends 10,000 10,000 Common dividends 5,000 2,500 Expenditures on property, plant, and equipment 45,000 20,000 Shares outstanding beginning of year 60,000 40,000 Shares outstanding end of year 120,000 60,000 Computethe current ratio, debt to asets ratio, free cash flow, and earnings...
The following information is available for Cheyenne Corp.. 2022 2021 Current assets $ 56,880 $ 39,625...
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Question 5 of 10 < > Current assets Total assets Current liabilities Total liabilities Net income...
Question 5 of 10 < > Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment 2017 $ 65,800 260,000 28,000 85,800 113,375 90,000 4,000 4,000 29,000 2016 $49,590 210,000 34,200 105,000 40,000 56,000 4,000 2,000 12,000 Shares outstanding at beginning of year Shares outstanding at end of year 45,000 80,000 35,000 45,000 (a) Compute earnings per share for 2017 and 2016 for Culver....
Question 4 View Policies Current Attempt in Progress Suppose the following data were taken from the...
Question 4 View Policies Current Attempt in Progress Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2017 2016 Current assets $906,400 $1,009,800 1,970,000 1,890,000 Total assets Current liabilities 412,000 374,000 Total liabilities 559,480 536,760 Net income 186,930 316,500 Net cash provided by operating activities 465,500 318,000 294,000 Capital expenditures 263,700 Dividends paid on common stock 78,000 100,200 Weighted average shares outstanding 201,000 211,000...
Condensed balance sheet and income statement data for Marigold Corp. are presented as follows. Marigold Corp....
Condensed balance sheet and income statement data for Marigold Corp. are presented as follows. Marigold Corp. Balance Sheets December 31 Assets 2017 2016 Cash $ 30,210 $ 22,210 Receivables (net) 82,900 74,900 Other current assets 102,900 85,900 Long-term investments 62,000 60,000 Property, plant, and equipment (net) 522,900 482,900 Total assets $ 800,910 725,910 Liabilities and Stockholders’ Equity Current liabilities $ 77,210 $ 72,210 Long-term liabilities 92,900 102,900 Common stock 342,900 312,900 Retained earnings 287,900 237,900 Total liabilities and stockholders’ equity...
The following information is available for Monty Corp. 2017 2016 Current assets $ 48,300 $ 47,850 Total assets 280,000 240,000 Current liabilities 23,000 33,000 Total liabilities 89,600 112,800 Net income 110,250 40,000 Net cash provided by operating activities 90,000 56,000 Preferred dividends 4,000 4,000 Common dividends 2,000 1,000 Expenditures on property, plant, and equipment 28,000 15,000 Shares outstanding at beginning of year 45,000 35,000 Shares outstanding at end of year 80,000 45,000 (a) Compute earnings per share for 2017 and...
The following information is available for Bridgeport Corp. Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment 2022 $ 59,690 242,500 23,500 58,200 82,400 92,400 7,525 5,400 29.400 2021 $ 45,360 207,400 32,400 72,590 46,795 58,400 7,525 3.900 14,400 Common shares outstanding at beginning of year Common shares outstanding at end of year 42,400 77.400 32.400 42.400 (a) Compute earnings per share for...
The following information is available for Flint Corporation. 2017 2016 Current assets Total assets Current liabilities Total liabilities Net income $ 55,200 $ 45,765 250,000 225,000 23,000 33,900 75,000 117,000 75,875 29,500 90,000 56,000 7,000 7,000 2,000 1,000 28,000 15,000 Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment Shares outstanding at beginning of year 30,000 65,000 20,000 30,000 Shares outstanding at end of year (a) Compute earnings per share for 2017 and...
The following information is available for Marigold Corp. Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment 2017 $67,200 250,000 28,000 87,500 109,250 90,000 8,000 3,000 28,000 2016 $ 46,340 215,000 33,100 96,750 49,400 56,000 8,000 1,500 13,000 Shares outstanding at beginning of year Shares outstanding at end of year 50,000 85,000 40,000 50.000 (a) Compute earnings per share for 2017 and 2016...
(a) Compute earnings per share for 2017 and 2016 for Blossom. (Round answers to 2 decimal places, e.g. 52.75.) 2017 2016 Earnings per share (b) Compute the current ratio and debt to assets ratio for each year. (Round answers to 2 decimal places, e.g. 15.25.) 2017 2016 Current ratio :1 :1 Debt to assets ratio % % (c) Compute free cash flow for each year. 2017 2016 Free cash flow $ Current Attempt in Progress The following information is available...
Question 5 of 10 < > Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment 2017 $ 65,800 260,000 28,000 85,800 113,375 90,000 4,000 4,000 29,000 2016 $49,590 210,000 34,200 105,000 40,000 56,000 4,000 2,000 12,000 Shares outstanding at beginning of year Shares outstanding at end of year 45,000 80,000 35,000 45,000 (a) Compute earnings per share for 2017 and 2016 for Culver....
Question 4 View Policies Current Attempt in Progress Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2017 2016 Current assets $906,400 $1,009,800 1,970,000 1,890,000 Total assets Current liabilities 412,000 374,000 Total liabilities 559,480 536,760 Net income 186,930 316,500 Net cash provided by operating activities 465,500 318,000 294,000 Capital expenditures 263,700 Dividends paid on common stock 78,000 100,200 Weighted average shares outstanding 201,000 211,000...
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