Homework Answers
Answer to Question 101-07:
Rate of Return of Assets = Income before Interest and Taxes/ Average Total Assets * 100
Income before Interest and Taxes = Income after Taxes + Taxes + Interest Expense
Income before Interest and Taxes = $30,548 + $6,785 + $3,545
Income before Interest and Taxes = $40,878
Average Total Assets = ($150,500 + $175,684) / 2
Average Total Assets = $163,092
Rate of Return on Assets = $40,878/ $163,092 * 100
Rate of Return on Assets = 25.06%
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101-07. From the following information for BlueInks Corporation, compute the rate on return of assets. Net...
Compute the following: (9) return on total assets (10) return on equity. CADET CORPORATION Income Statement For Year En...
Compute the following:
(9) return on total assets
(10) return on equity.
CADET CORPORATION Income Statement For Year Ended December 31, 2009 Sales $456,600 Cost of goods sold Gross profit Operating expenses 297.450 159.150 99.400 Interest expense 3,900 Income before taxes 55,850 Income taxes 22,499 $ 33,35 Net income CADET CORPORATION Balance Sheet December 31, 2009 Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Assets S 20,000 Cash 21,500 8,200 Short-term investments 4,400 Accounts receivable, net 29,400...
USE THE FOLLOWING INFORMATION FOR 11-20 Interest (Cost) Rate Expected rate of return on plan assets...
USE THE FOLLOWING INFORMATION FOR 11-20 Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH Projected benefit obligation at the beginning of 2017 Service cost, 2017 Interest Cost Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year Projected benefit obligation at the end of 2017 Plan assets at the beginning of the year Actual return on plan assets Cash contributions...
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...
eTextbook and Media Based on the information in these financial statements, compute the 2014 return on...
eTextbook and Media
Based on the information in these financial statements, compute
the 2014 return on common stockholders’ equity, debt to assets
ratio, and return on assets for each company. (Round
answers to 1 decimal places, e.g. 15.2%.)
Columbia Sportswear
Company
VF
Corporation
Return on common stockholders’ equity
%
%
Debt to assets
%
%
Return on assets
%
%
Compute the payout ratio for each company. (Round
answers to 1 decimal places, e.g. 15.2%.)
Columbia Sportswear Company
VF Corporation...
The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net...
The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales Total assets End of year balance in cash Total stockholders' equity Gross profit (Sales Cost of Sales) Net increase in cash for the year Operating expenses Net operating cash flow Other income (expense), net $10,882 4,490 1,144 528 2,497 26 2,063 722 (21) Compute Amazon's balance in cash at the beginning of the year. Tri Fecta, a partnership, had revenues of $362,000 in...
I need to create a statement of cash flow from the following information. The balance sheet...
I need to create a statement of cash flow from the following information. The balance sheet accounts of Rockwall Corporation at the beginning and end of 2016 are: 31-Dec-16 1-Jan-16 Cash $99,435 $110,700 Accounts Receivable $424,600 $380,900 Inventory $635,740 $576,475 Prepaid Expenses $20,000 $12,000 Investment in subsidiary $200,000 $0 Held to Maturity Debt Securities $16,460 $14,850 Land $100,000 $100,000 Buildings $525,000 $400,000 Equipment $381,000 $290,000 Patents $86,000 $70,000 Trademarks $25,000 $35,000 Bond Discount and issue costs $1,165 $6,075 Total Debits...
Compute and Interpret the Z-score Balance sheets and income statements for Lockheed Martin Corporation follow. Refer...
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Compute and Interpret the Z-score Balance sheets and income statements for Lockheed Martin Corporation follow. Refer...
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Compute and Interpret the Z-score Balance sheets and income statements for Lockheed Martin Corporation follow. Refer...
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Using the information from P 2–8, prepare and complete a worksheet similar to Illustration 2A–1. Use the information in...
Using the information from P 2–8, prepare and complete a
worksheet similar to Illustration 2A–1. Use the information in the
worksheet to prepare an income statement and a statement of
shareholders’ equity for 2021 and a balance sheet as of December
31, 2021. Cash dividends paid to shareholders during the year
amounted to $6,000. Also prepare the necessary closing entries
assuming that adjusting entries have been correctly posted to the
accounts.
P 2-8 Adjusting entries LO2-6 Excalibur Corpoation ells video...
Compute the following:
(9) return on total assets
(10) return on equity.
CADET CORPORATION Income Statement For Year Ended December 31, 2009 Sales $456,600 Cost of goods sold Gross profit Operating expenses 297.450 159.150 99.400 Interest expense 3,900 Income before taxes 55,850 Income taxes 22,499 $ 33,35 Net income CADET CORPORATION Balance Sheet December 31, 2009 Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Assets S 20,000 Cash 21,500 8,200 Short-term investments 4,400 Accounts receivable, net 29,400...
USE THE FOLLOWING INFORMATION FOR 11-20 Interest (Cost) Rate Expected rate of return on plan assets Actual rate of return on plan assets Beginning of year balance in CASH Projected benefit obligation at the beginning of 2017 Service cost, 2017 Interest Cost Loss (gain) on PBO for assumption changes Less: Benefits paid to retirees during the year Projected benefit obligation at the end of 2017 Plan assets at the beginning of the year Actual return on plan assets Cash contributions...
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...
eTextbook and Media
Based on the information in these financial statements, compute
the 2014 return on common stockholders’ equity, debt to assets
ratio, and return on assets for each company. (Round
answers to 1 decimal places, e.g. 15.2%.)
Columbia Sportswear
Company
VF
Corporation
Return on common stockholders’ equity
%
%
Debt to assets
%
%
Return on assets
%
%
Compute the payout ratio for each company. (Round
answers to 1 decimal places, e.g. 15.2%.)
Columbia Sportswear Company
VF Corporation...
The following information ($ in millions) comes from a recent annual report of Amazon.com, Inc.: Net sales Total assets End of year balance in cash Total stockholders' equity Gross profit (Sales Cost of Sales) Net increase in cash for the year Operating expenses Net operating cash flow Other income (expense), net $10,882 4,490 1,144 528 2,497 26 2,063 722 (21) Compute Amazon's balance in cash at the beginning of the year. Tri Fecta, a partnership, had revenues of $362,000 in...
Compute and Interpret the Z-score Balance sheets and income statements for Lockheed Martin Corporation follow. Refer to these financial statements to answer the requirements. Consolidated Statements of Earnings Year Ended December 31 (In millions) 2016 2015 Net sales Products $ 40,365 $ 34,868 Services 6,883 5,668 Total net sales 47,248 40,536 Cost of sales Products (36,616) (31,091) Services (6,040) (4,824) Severance and other charges (80) (82) Other unallocated costs 550 (47) Total cost of sales (42,186) (36,044) Gross Profit 5,062...
Using the information from P 2–8, prepare and complete a
worksheet similar to Illustration 2A–1. Use the information in the
worksheet to prepare an income statement and a statement of
shareholders’ equity for 2021 and a balance sheet as of December
31, 2021. Cash dividends paid to shareholders during the year
amounted to $6,000. Also prepare the necessary closing entries
assuming that adjusting entries have been correctly posted to the
accounts.
P 2-8 Adjusting entries LO2-6 Excalibur Corpoation ells video...
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