Homework Answers
| 2022 | 2021 | |||
| Gross Profit rate | 38.9% | 38.1% | ||
| (Gross Profit/Net Sales) | ||||
| Earnings per share | 2.90 | 2.19 | ||
| (net Income/ weighted average share outstanding) | ||||
| Price earning ratio | 2.93 | times | 3.42 | times |
| (Share Price/EPS) | ||||
| Payout ratio | 46.24% | 82.35% | ||
| (Dividend Paid/Net Income) | ||||
| (43,000/93,000), (56,000/68,000) | ||||
| Debt to assets ratio | 32.07% | 28.01% | ||
| (Total Debt/Total Assets) | ||||
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View Policies Current Attempt in Progress Selected hypothetical comparative statement data for the giant bookseller Barnes...
1. M EWUIN View Policies Current Attempt in Progress Condensed balance sheet and income statement data...
1. M EWUIN View Policies Current Attempt in Progress Condensed balance sheet and income statement data for Bridgeport Corporation are BRIDGEPORT CORPORATION Balance Sheets December 31 2022 2021 2020 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) $32,000 $22,000 $20,000 52,000 47,000 50,000 93,000 98,000 67,000 58,000 73,000 48,000 500,000 370,000 358,000 $735,000 $610,000 $543,000 $ 87,000 $82,000 $72,000 148,000 88,000 53,000 323,000 313,000 303,000 177,000 127,000 115,000 $735,000 $610,000 $543,000 Current liabilities Long-term debt Common...
Problem 13-03A Condensed balance sheet and income statement data for Cheyenne Corporation are presented here. CHEYENNE...
Problem 13-03A
Condensed balance sheet and income statement data for Cheyenne
Corporation are presented here.
CHEYENNE CORPORATION
Balance Sheets
December 31
2022
2021
2020
Cash
$ 31,000
$ 21,000
$ 19,000
Accounts receivable (net)
51,000
46,000
49,000
Other current assets
97,000
102,000
71,000
Investments
62,000
77,000
52,000
Plant and equipment (net)
500,000
370,000
358,000
$741,000
$616,000
$549,000
Current liabilities
$ 86,000
$ 81,000
$ 71,000
Long-term debt
152,000
92,000
57,000
Common stock, $10 par
327,000
317,000
307,000
Retained earnings
176,000...
Problem 13-03A Condensed balance sheet and income statement data for Ayayai Corporation are presented here. AYAYAI...
Problem 13-03A
Condensed balance sheet and income statement data for Ayayai
Corporation are presented here.
AYAYAI CORPORATION
Balance Sheets
December 31
2022
2021
2020
Cash
$ 31,000
$ 21,000
$ 19,000
Accounts receivable (net)
51,000
46,000
49,000
Other current assets
92,000
97,000
66,000
Investments
57,000
72,000
47,000
Plant and equipment (net)
500,000
370,000
358,000
$731,000
$606,000
$539,000
Current liabilities
$ 86,000
$ 81,000
$ 71,000
Long-term debt
147,000
87,000
52,000
Common stock, $10 par
322,000
312,000
302,000
Retained earnings
176,000...
1. The market price of Indigo's common stock was $7.00,$7.50, and $8.50 for 2020, 2021, and...
1. The market price of Indigo's common stock was $7.00,$7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends paid. All dividends were paid in cash. 2. Compute the following ratios for 2021 and 2022. 2022 2021 % % Profit margin Gross profit rate % % Asset turnover times times Earnings per share $ (Round answers to 1 decimal place, e.g. 1.5%.) (Round answers to 1 decimal place, e.g. 1.5%.) (Round answers to 2 decimal places, eg....
Problem 13-03A Condensed balance sheet and income statement data for Marigold Corporation are presented here. MARIGOLD...
Problem 13-03A Condensed balance sheet and income statement data for Marigold Corporation are presented here. MARIGOLD CORPORATION Balance Sheets December 31 2022 2021 Cash $ 32,000 $ 22,000 Accounts receivable (net) 52,000 47,000 Other current assets 95,000 100,000 Investments 60,000 75,000 Plant and equipment (net) 500,000 370,000 $739,000 $614,000 Current liabilities $ 87,000 $82,000 Long-term debt 150,000 90,000 Common stock, $10 par 325,000 315,000 Retained earnings 177,000 127,000 $739,000 $614,000 2020 $20,000 50,000 69,000 50,000 358,000 $547,000 $ 72,000 55,000...
Condensed balance sheet and income statement data for Novak Corporation are presented here. NOVAK CORPORATION Balance...
Condensed balance sheet and income statement data for Novak Corporation are presented here. NOVAK CORPORATION Balance Sheets December 31 2022 2021 Cash $ 32,000 $ 22,000 Accounts receivable (net) 52,000 47,000 Other current assets 93,000 98,000 Investments 58,000 73,000 Plant and equipment (net) 500,000 370,000 $735,000 $610,000 2020 $ 20,000 50,000 67,000 48,000 358,000 $543,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings $ 87,000 148,000 323,000 177,000 $735,000 $ 82,000 88,000 313,000 127,000 $610,000 $ 72,000 53,000...
*Exercise 9-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented...
*Exercise 9-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2017 $5,121.8 3,540.6 75.9 81.0 1,203.5 2,993.9 921.6 2016 $5,286.7 3,679.8 135.8 107.1 1,358.2 3,249.8 1,074.7 Compute the following ratios for 2017. (Round asset turnover to 2 decimal places, e.g 1.83...
Exercise 13-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented...
Exercise 13-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income 2019 $4,950 3,701 2018 $5,601 3,801 65 161 Accounts receivable Inventory 75 1,150 2,950 880 104 1,250 3,150 1,080 Total assets Total common stockholders' equity Compute the following ratios for 2019. (Round asset turnover to 2 decimal places, e.g 1.83...
Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All...
Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). 2020 2019 Net sales $5,400 $4,900 Cost of goods sold 3,294 3,492 Net income 70 138 Accounts receivable 87 112 Inventory 1,181 1,349 Total assets 3,000 3,750 Total common stockholders’ equity 913 1,084 Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, e.g. 1.67. Round all...
Exercise 18-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented...
Exercise 18-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions) 2020 2019 Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity $5,600 3,637 147 109 1,239 3,170 980 $4,800 3,888 1,314 2,830 994 Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, e.g. 1.67. Round all...
1. M EWUIN View Policies Current Attempt in Progress Condensed balance sheet and income statement data for Bridgeport Corporation are BRIDGEPORT CORPORATION Balance Sheets December 31 2022 2021 2020 Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) $32,000 $22,000 $20,000 52,000 47,000 50,000 93,000 98,000 67,000 58,000 73,000 48,000 500,000 370,000 358,000 $735,000 $610,000 $543,000 $ 87,000 $82,000 $72,000 148,000 88,000 53,000 323,000 313,000 303,000 177,000 127,000 115,000 $735,000 $610,000 $543,000 Current liabilities Long-term debt Common...
Problem 13-03A
Condensed balance sheet and income statement data for Cheyenne
Corporation are presented here.
CHEYENNE CORPORATION
Balance Sheets
December 31
2022
2021
2020
Cash
$ 31,000
$ 21,000
$ 19,000
Accounts receivable (net)
51,000
46,000
49,000
Other current assets
97,000
102,000
71,000
Investments
62,000
77,000
52,000
Plant and equipment (net)
500,000
370,000
358,000
$741,000
$616,000
$549,000
Current liabilities
$ 86,000
$ 81,000
$ 71,000
Long-term debt
152,000
92,000
57,000
Common stock, $10 par
327,000
317,000
307,000
Retained earnings
176,000...
Problem 13-03A
Condensed balance sheet and income statement data for Ayayai
Corporation are presented here.
AYAYAI CORPORATION
Balance Sheets
December 31
2022
2021
2020
Cash
$ 31,000
$ 21,000
$ 19,000
Accounts receivable (net)
51,000
46,000
49,000
Other current assets
92,000
97,000
66,000
Investments
57,000
72,000
47,000
Plant and equipment (net)
500,000
370,000
358,000
$731,000
$606,000
$539,000
Current liabilities
$ 86,000
$ 81,000
$ 71,000
Long-term debt
147,000
87,000
52,000
Common stock, $10 par
322,000
312,000
302,000
Retained earnings
176,000...
1. The market price of Indigo's common stock was $7.00,$7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends paid. All dividends were paid in cash. 2. Compute the following ratios for 2021 and 2022. 2022 2021 % % Profit margin Gross profit rate % % Asset turnover times times Earnings per share $ (Round answers to 1 decimal place, e.g. 1.5%.) (Round answers to 1 decimal place, e.g. 1.5%.) (Round answers to 2 decimal places, eg....
Problem 13-03A Condensed balance sheet and income statement data for Marigold Corporation are presented here. MARIGOLD CORPORATION Balance Sheets December 31 2022 2021 Cash $ 32,000 $ 22,000 Accounts receivable (net) 52,000 47,000 Other current assets 95,000 100,000 Investments 60,000 75,000 Plant and equipment (net) 500,000 370,000 $739,000 $614,000 Current liabilities $ 87,000 $82,000 Long-term debt 150,000 90,000 Common stock, $10 par 325,000 315,000 Retained earnings 177,000 127,000 $739,000 $614,000 2020 $20,000 50,000 69,000 50,000 358,000 $547,000 $ 72,000 55,000...
Condensed balance sheet and income statement data for Novak Corporation are presented here. NOVAK CORPORATION Balance Sheets December 31 2022 2021 Cash $ 32,000 $ 22,000 Accounts receivable (net) 52,000 47,000 Other current assets 93,000 98,000 Investments 58,000 73,000 Plant and equipment (net) 500,000 370,000 $735,000 $610,000 2020 $ 20,000 50,000 67,000 48,000 358,000 $543,000 Current liabilities Long-term debt Common stock, $10 par Retained earnings $ 87,000 148,000 323,000 177,000 $735,000 $ 82,000 88,000 313,000 127,000 $610,000 $ 72,000 53,000...
*Exercise 9-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2017 $5,121.8 3,540.6 75.9 81.0 1,203.5 2,993.9 921.6 2016 $5,286.7 3,679.8 135.8 107.1 1,358.2 3,249.8 1,074.7 Compute the following ratios for 2017. (Round asset turnover to 2 decimal places, e.g 1.83...
Exercise 13-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income 2019 $4,950 3,701 2018 $5,601 3,801 65 161 Accounts receivable Inventory 75 1,150 2,950 880 104 1,250 3,150 1,080 Total assets Total common stockholders' equity Compute the following ratios for 2019. (Round asset turnover to 2 decimal places, e.g 1.83...
Exercise 18-10 Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions) 2020 2019 Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity $5,600 3,637 147 109 1,239 3,170 980 $4,800 3,888 1,314 2,830 994 Compute the following ratios for 2020. (Round asset turnover to 2 decimal places, e.g. 1.67. Round all...
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