Homework Answers
Answer:
e.Profit Margin = Net Income / Net Sales = 33400 / 499000 = 6.69%
f.Asset Turnover = Sales / Avg. Total Assets = 499000 / ( 626400 + 549700 ) / 2 = 499000 / 588050 = 0.849 times
g.Return on Assets = Net Income / Avg. Total Assets = 33400 / ( 626400 + 549700 ) / 2 = 33400 / 588050 = 5.68%
h.Return on ordinary shareholders Equity = Net Income / Avg. Total ordinary shareholders Equity
= 33400 / ( 371700 + 348500 ) / 2
= 33400 / 360100 = 9.28%
i.Earning per share = Net Income / Outstanding no. of shares = 33400 / 30600 = 1.09
j.Price Earnings Ratio = Market Price / EPS = 19.50 / 1.09 = 17.89 times
k.Payout ratio = Dividend / Net Income = 10200 / 33400 = 30.54%
Dividend = Beginning Retained Earnings + Net Income - Ending Retained Earnings = 195500 + 33400 - 218700 = 10200
l.Debt to Assets Ratio = Total Liabilities / Total Assets = 254700 / 626400 = 40.67%
m.Times Interest earned = EBIT / Interest Expense = (499000 - 316000 - 120000 ) / 8900 = 63000 / 8900 = 7.08 Times
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Additional data:
The ordinary shares recently sold at £19.50 per share.
Compute...
Additional data: The ordinary shares recently sold at £19.50 per share. Compute the following ratios for...
Additional data:
The ordinary shares recently sold at £19.50 per share.
Compute the following ratios for 2017. (Round acid-test ratio
and earnings per share to 2 decimal places, e.g. 1.65, and all
other answers to 1 decimal place, e.g. 6.8 or 6.8% .)
Question 2 The comparative statements of Shamrock Company Limited are presented below. 2016 £421,000 SHAMROCK COMPANY LIMITED Income Statement For the Years Ended December 31 2017 Net sales (all on account) £499,000 Expenses Cost of goods sold...
Question 2 The comparative statements of Shamrock Company Limited are presented below. 2016 £421,000 SHAMROCK COMPANY...
Question 2 The comparative statements of Shamrock Company Limited are presented below. 2016 £421,000 SHAMROCK COMPANY LIMITED Income Statement For the Years Ended December 31 2017 Net sales (all on account) £499,000 Expenses Cost of goods sold 316,000 Selling and administrative 120,000 Interest expense 8,900 Income tax expense 20,700 Total expenses 465,600 Net income £ 33,400E 254,000 115,000 5,300 14,000 388,300 32,700 2016 £382,000 SHAMROCK COMPANY LIMITED Statements of Financial Position December 31 2017 Plant assets (net) £423,000 Current assets...
Question 2 The comparative statements of Skysong Company Limited are presented below. 2016 £419,000 SKYSONG COMPANY...
Question 2 The comparative statements of Skysong Company Limited are presented below. 2016 £419,000 SKYSONG COMPANY LIMITED Income Statement For the Years Ended December 31 2017 Net sales (all on account) £499,000 Expenses Cost of goods sold 315,000 Selling and administrative 119,000 Interest expense 8,800 Income tax expense 20,800 Total expenses 463,600 Net Income £ 35,400 255,000 115,000 5,900 14,800 390,700 E 28,300 2016 £384,000 60,300 75,000 14,300 17,100 166,700 £550,700 SKYSONG COMPANY LIMITED Statements of Financial Position December 31...
Total: 23 Marks Question 4 Suggested time allocation: 414 Minutes The comparative statements of Gong Limited are pre...
Total: 23 Marks Question 4 Suggested time allocation: 414 Minutes The comparative statements of Gong Limited are presented below. Gong Limited Income Statement For the year ended 30 June 2018 $ 600,000 2017 Net sales (all on account) Expenses: Cost of sales 520,000 415,000 123,800 354,000 114,800 6,000 14,000 488,800 31,200 Selling and administrative Interest Expense Income tax expense Total expenses Profit 7,800 18,000 564,600 35,400 Gong Limited Statement of Financial Position As at 30 June Assets 2018 2017 Current...
Problem 18-2A le The comparative statements of Painter Tool Company are presented below. PAINTER TOOL COMPANY...
Problem 18-2A le The comparative statements of Painter Tool Company are presented below. PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales $1,816,900 $1,754,300 Cost of goods sold 1,012,500 990,000 Gross profit 804,400 764,300 Selling and administrative expenses 478,800 517,400 Income from operations 285,500 287,000 Other expenses and losses Interest expense 13,000 17,500 Income before income taxes 269,500 272,500 81,400 77,800 Income tax expense Net income $188,100 $ 194,700 PAINTER TOOL COMPANY Balance Sheets...
Please fill out the bottom portion. Thank you Problem 14-6A The comparative statements of Corbin Company...
Please fill out the bottom portion. Thank you
Problem 14-6A The comparative statements of Corbin Company are presented below. CORBIN COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales (all on account) $595,000 $520,000 Expenses Cost of goods sold 415,000 354,000 114,800 Selling and administrative 120,800 Interest expense 7,800 6,000 Income tax expense 15,000 14,000 Total expenses 488,800 558,600 31,200 $36,400 Net income CORBIN COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash $21,000...
need help with A AND H Problem 14-2A Your answer is partially correct. Try again The...
need help with A AND H
Problem 14-2A Your answer is partially correct. Try again The comparative statements of Painter Tool Company are presented below PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,753,100 978,000 775,100 480,800 294,300 $1,817,500 1,008,600 808,900 519,200 289,700 14,100 280,200 78,000 $ 202,200 18,900 270,800 80,600 $ 190,200 Interest expense Income...
LARKER TOOL SA Statements of Financial Position December 31 Assets 2017 2016 Plant assets (net)...
LARKER TOOL SA Statements of Financial Position December 31 Assets 2017 2016 Plant assets (net) R$600,300 R$520,300 Current assets Inventory R$110,950 R$115,500 Accounts receivable (net) 105,750 102,800 Short-term investments 69,000 50,000 Cash 60,100 345,800 64,200 332,500 Total assets R$946,100 R$852,800 Equity and Liabilities 2017 2016 Equity Share capital—ordinary (R$5 par) R$300,000 R$300,000 Retained earnings 242,600 165,000 Total equity 542,600 465,400 Bonds payable 200,000 200,000 Current liabilities Accounts payable 160,000 145,400 Income taxes payable 43,500 42,000 Total current...
LIIS Weygandt, Financial Accounting: IFRS, 3e Help System Announcements en Assignment SOURCES 2016 £420,000 by Study...
LIIS Weygandt, Financial Accounting: IFRS, 3e Help System Announcements en Assignment SOURCES 2016 £420,000 by Study VAUGHN COMPANY LIMITED Income Statement For the Years Ended December 31 2017 Net sales (all on account) £500,000 Expenses Cost of goods sold 314,000 Selling and administrative 120,000 1 Interest expense 7,800 Income tax expense 20,400 Total expenses 462,200 Net income £37,800 255,000 113,000 115.100 131 13,600 386,700 £ 33,300 VAUGHN COMPANY LIMITED Statements of Financial Position December 31 Assets 2017 2016 Plant assets...
Requirement 1h. Compute the earnings per share of common stock for 2018 and 2017. Begin by...
Requirement 1h. Compute the earnings per share of common stock for 2018 and 2017. Begin by selecting the formula to compute the earnings per share of common stock. Earnings per share = (Net income - Preferred dividends) / Weighted average number of common shares outstanding Now, compute the earnings per share for 2018 and 2017. (Round your answers to the nearest cent, $X.XX.) 2018: 2017: Banfield, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 2016* Assets Current...
Additional data:
The ordinary shares recently sold at £19.50 per share.
Compute the following ratios for 2017. (Round acid-test ratio
and earnings per share to 2 decimal places, e.g. 1.65, and all
other answers to 1 decimal place, e.g. 6.8 or 6.8% .)
Question 2 The comparative statements of Shamrock Company Limited are presented below. 2016 £421,000 SHAMROCK COMPANY LIMITED Income Statement For the Years Ended December 31 2017 Net sales (all on account) £499,000 Expenses Cost of goods sold...
Question 2 The comparative statements of Shamrock Company Limited are presented below. 2016 £421,000 SHAMROCK COMPANY LIMITED Income Statement For the Years Ended December 31 2017 Net sales (all on account) £499,000 Expenses Cost of goods sold 316,000 Selling and administrative 120,000 Interest expense 8,900 Income tax expense 20,700 Total expenses 465,600 Net income £ 33,400E 254,000 115,000 5,300 14,000 388,300 32,700 2016 £382,000 SHAMROCK COMPANY LIMITED Statements of Financial Position December 31 2017 Plant assets (net) £423,000 Current assets...
Question 2 The comparative statements of Skysong Company Limited are presented below. 2016 £419,000 SKYSONG COMPANY LIMITED Income Statement For the Years Ended December 31 2017 Net sales (all on account) £499,000 Expenses Cost of goods sold 315,000 Selling and administrative 119,000 Interest expense 8,800 Income tax expense 20,800 Total expenses 463,600 Net Income £ 35,400 255,000 115,000 5,900 14,800 390,700 E 28,300 2016 £384,000 60,300 75,000 14,300 17,100 166,700 £550,700 SKYSONG COMPANY LIMITED Statements of Financial Position December 31...
Total: 23 Marks Question 4 Suggested time allocation: 414 Minutes The comparative statements of Gong Limited are presented below. Gong Limited Income Statement For the year ended 30 June 2018 $ 600,000 2017 Net sales (all on account) Expenses: Cost of sales 520,000 415,000 123,800 354,000 114,800 6,000 14,000 488,800 31,200 Selling and administrative Interest Expense Income tax expense Total expenses Profit 7,800 18,000 564,600 35,400 Gong Limited Statement of Financial Position As at 30 June Assets 2018 2017 Current...
Problem 18-2A le The comparative statements of Painter Tool Company are presented below. PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales $1,816,900 $1,754,300 Cost of goods sold 1,012,500 990,000 Gross profit 804,400 764,300 Selling and administrative expenses 478,800 517,400 Income from operations 285,500 287,000 Other expenses and losses Interest expense 13,000 17,500 Income before income taxes 269,500 272,500 81,400 77,800 Income tax expense Net income $188,100 $ 194,700 PAINTER TOOL COMPANY Balance Sheets...
Please fill out the bottom portion. Thank you
Problem 14-6A The comparative statements of Corbin Company are presented below. CORBIN COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales (all on account) $595,000 $520,000 Expenses Cost of goods sold 415,000 354,000 114,800 Selling and administrative 120,800 Interest expense 7,800 6,000 Income tax expense 15,000 14,000 Total expenses 488,800 558,600 31,200 $36,400 Net income CORBIN COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash $21,000...
need help with A AND H
Problem 14-2A Your answer is partially correct. Try again The comparative statements of Painter Tool Company are presented below PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,753,100 978,000 775,100 480,800 294,300 $1,817,500 1,008,600 808,900 519,200 289,700 14,100 280,200 78,000 $ 202,200 18,900 270,800 80,600 $ 190,200 Interest expense Income...
LIIS Weygandt, Financial Accounting: IFRS, 3e Help System Announcements en Assignment SOURCES 2016 £420,000 by Study VAUGHN COMPANY LIMITED Income Statement For the Years Ended December 31 2017 Net sales (all on account) £500,000 Expenses Cost of goods sold 314,000 Selling and administrative 120,000 1 Interest expense 7,800 Income tax expense 20,400 Total expenses 462,200 Net income £37,800 255,000 113,000 115.100 131 13,600 386,700 £ 33,300 VAUGHN COMPANY LIMITED Statements of Financial Position December 31 Assets 2017 2016 Plant assets...
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