Homework Answers
| Earnings per share [Net income / Shares outstanding = $2,800 / 1,000 shares] | $2.80 |
| Working capital [Refer working note] | $9,900 |
| Return on sales [Net income / Net sales = $2,800 / $16,000] | 17.50% |
.
.
| Working note - Calculation of working capital | |
| Current assets [Accounts receivables + Cash + Inventory = $4,200 + $5,500 + $2,200] | $11,900 |
| Current liabilities [Accounts payable + Unearned revenue = $1,500 + $500] | $2,000 |
| Working capital [Current assets - Current liabilities = $11,900 - $2,000] | $9,900 |
Add Answer to:
44.
Compute the following ratlos using the selected financial statement Information presented below. Earnings per share...
Question 44 6 pts Compute the following ratios using the selected financial statement information presented below....
Question 44 6 pts Compute the following ratios using the selected financial statement information presented below. Earnings per share Working capital Return on sales Financial Statement Information: 2019 2018 16,000 12,000 Net sales Cost of Goods Sold 8,600 6,800 200 290 Interest expense Income from operations Net income 3,400 2,000 2,800 1,700 INCLLUT 2019 Accounts receivable 4,200 1,500 Accounts payable Building Cash 25,000 5,500 2,000 2,200 Common Stock (1,000 shares) Inventory Mortgage payable Unearned revenue 22,600 500 Pro
40. Use the following selected income statement data to perform a horizontal analysis for 2019. List...
40.
Use the following selected income statement data to perform a horizontal analysis for 2019. List each answer as a percentage, round to 1 decimal place, and include a - for any decreases (.e., a decrease of 10% would be entered as -1096). 2019 2018 Horizontal analysis Net sales 16,000 12,000 Cost of Goods Sold 8,600 6,800 Interest expense 200 290 Income from operations 3,400 2,000 Net income 2,800 1,700
Question 40 5 pts X Use the following selected income statement data to perform a horizontal...
Question 40 5 pts X Use the following selected income statement data to perform a horizontal analysis for 2019. List each answer as a percentage, round to 1 decimal place, and include a - for any decreases (ie, a decrease of 10% would be entered as - 10%). 2019 2018 Horizontal analysis Net sales 16,000 12,000 Cost of Goods Sold 8,600 6,800 200 290 Interest expense 2,000 Income from operations 3,400 1,700 2,800 Net income 8 pts Use the following...
Selected information from Wildhorse Ltd's statement of financial position and income statement is as follows: WILDHORSE...
Selected information from Wildhorse Ltd's statement of financial position and income statement is as follows: WILDHORSE LTD. Statement of Financial Position (partial) December 31 2018 2017 Current assets Accounts receivable $7,300 $13,000 Inventory 6,400 4,600 Prepaid expenses 3,200 2.100 Current liabilities Accounts payable 3,800 2,500 Income tax payable 1,500 650 Accrued liabilities 2.200 1.500 Bank loan payable-current portion 6,000 9.200 O WP hp WILDHORSE LTD. Income Statement Year Ended December 31, 2018 Net sales $205,000 Cost of goods sold 114.000...
Determining Net Cash Flow from Operating Activities Presented below are selected statement of financial position information...
Determining Net Cash Flow from Operating Activities Presented below are selected statement of financial position information and the statement of earnings information for Burch Company. Selected Statement of Financial Position Information Dec. 31, 2018 Dec. 31, 2017 Cash $17,500 $20,000 10,500 8,000 18,000 21,000 Accounts receivable Inventory Accounts payable Income taxes payable 10,000 15,000 1,000 2,500 Burch Company Statement of Earnings For the year ended December 31, 2018 Sales Cost of goods sold Depreciation expense $250,000 (160,000) (15,000) (35,000) (12,000)...
Presented below are the 2021 income statement and comparative balance sheets for Santana Industries. SANTANA INDUSTRIES...
Presented below are the 2021 income statement and comparative balance sheets for Santana Industries. SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Sales revenue $ 17,850 Service revenue 7,000 Total revenue $ 24,850 Operating expenses: Cost of goods sold 9,000 Selling expense 4,200 General and administrative expense 3,300 Total operating expenses 16,500 Operating income 8,350 Interest expense 330 Income before income taxes 8,020 Income tax expense 3,400 Net income $ 4,620 Balance Sheet Information...
Required information [The following information applies to the questions displayed below.] The following financial statements and...
Required information [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 93,100 101,000 87,800 6,800 288,700 148,000 (39,000) $397,700 $ 68,000 75,000 122,500 10,200 275,700 139,000 (21,000) $393,700 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes...
Please complete the statement of changes of Owners Equity below. Statement of Changes In Owners Equity...
Please complete the statement of changes of Owners Equity
below.
Statement of Changes In Owners Equity
Common Stock
Additional PIC
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Totals
Net Income
Dividends
Issued PIC
Treasury Stock
Debt Securities (Unrealized)
Other Comprehensive Income
Ending Balance
Worksheet Month Ended January 31, 2019 Trial Balance Adjustments Adjusted Trial Bal Income Statement Balance Sheet DR CRDR CRDR CRDR CR DR CR 123 200 123 200 123 200 16.500 16.500 15.500 300 660 000 600...
Presented below are the 2016 income statement and comparative balance sheets for Santana Industries. SANTANA INDUSTRIES...
Presented below are the 2016 income statement and comparative balance sheets for Santana Industries. SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2016 ($ in thousands) 45 points 17,850 Sales revenue Skipped Service revenue 7,000 Total revenue 24,850 eBook Print References Operating expenses: Cost of goods sold 9,000 4,200 3,300 Selling General and administrative Total operating expenses 16,500 Operating income Interest expense 8,350 380 Income before income taxes Income tax expense 7970 4,300 Net income 3,670 Balance Sheet...
Selected financial statement information and additional data for Pharoah Enterprises is presented below: Pharoah Enterprises Balance...
Selected financial statement information and additional data for Pharoah Enterprises is presented below: Pharoah Enterprises Balance Sheet and Income Statement Data December 31, 2020 December 31, 2019 Current Assets: Cash $171,360 $133,280 Accounts Receivable 266,560 342,720 Inventory 437.920 380,800 Total Current Assets 875,840 856,800 Property, Plant, and Equipment Less: Accumulated Depreciation 1,389.920 (533,120) 856.800 $1,732,640 1,256,640 (495,040) 761,600 $1,618,400 Total Assets Current Liabilities: Accounts Payable Notes Payable Income Taxes Payable Total Current Liabilities $209,440 57,120 95,200 361,760 $114.240 76,160 85,680...
Question 44 6 pts Compute the following ratios using the selected financial statement information presented below. Earnings per share Working capital Return on sales Financial Statement Information: 2019 2018 16,000 12,000 Net sales Cost of Goods Sold 8,600 6,800 200 290 Interest expense Income from operations Net income 3,400 2,000 2,800 1,700 INCLLUT 2019 Accounts receivable 4,200 1,500 Accounts payable Building Cash 25,000 5,500 2,000 2,200 Common Stock (1,000 shares) Inventory Mortgage payable Unearned revenue 22,600 500 Pro
40.
Use the following selected income statement data to perform a horizontal analysis for 2019. List each answer as a percentage, round to 1 decimal place, and include a - for any decreases (.e., a decrease of 10% would be entered as -1096). 2019 2018 Horizontal analysis Net sales 16,000 12,000 Cost of Goods Sold 8,600 6,800 Interest expense 200 290 Income from operations 3,400 2,000 Net income 2,800 1,700
Question 40 5 pts X Use the following selected income statement data to perform a horizontal analysis for 2019. List each answer as a percentage, round to 1 decimal place, and include a - for any decreases (ie, a decrease of 10% would be entered as - 10%). 2019 2018 Horizontal analysis Net sales 16,000 12,000 Cost of Goods Sold 8,600 6,800 200 290 Interest expense 2,000 Income from operations 3,400 1,700 2,800 Net income 8 pts Use the following...
Selected information from Wildhorse Ltd's statement of financial position and income statement is as follows: WILDHORSE LTD. Statement of Financial Position (partial) December 31 2018 2017 Current assets Accounts receivable $7,300 $13,000 Inventory 6,400 4,600 Prepaid expenses 3,200 2.100 Current liabilities Accounts payable 3,800 2,500 Income tax payable 1,500 650 Accrued liabilities 2.200 1.500 Bank loan payable-current portion 6,000 9.200 O WP hp WILDHORSE LTD. Income Statement Year Ended December 31, 2018 Net sales $205,000 Cost of goods sold 114.000...
Determining Net Cash Flow from Operating Activities Presented below are selected statement of financial position information and the statement of earnings information for Burch Company. Selected Statement of Financial Position Information Dec. 31, 2018 Dec. 31, 2017 Cash $17,500 $20,000 10,500 8,000 18,000 21,000 Accounts receivable Inventory Accounts payable Income taxes payable 10,000 15,000 1,000 2,500 Burch Company Statement of Earnings For the year ended December 31, 2018 Sales Cost of goods sold Depreciation expense $250,000 (160,000) (15,000) (35,000) (12,000)...
Required information [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INC. Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 $ 93,100 101,000 87,800 6,800 288,700 148,000 (39,000) $397,700 $ 68,000 75,000 122,500 10,200 275,700 139,000 (21,000) $393,700 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accum. depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes...
Please complete the statement of changes of Owners Equity
below.
Statement of Changes In Owners Equity
Common Stock
Additional PIC
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Totals
Net Income
Dividends
Issued PIC
Treasury Stock
Debt Securities (Unrealized)
Other Comprehensive Income
Ending Balance
Worksheet Month Ended January 31, 2019 Trial Balance Adjustments Adjusted Trial Bal Income Statement Balance Sheet DR CRDR CRDR CRDR CR DR CR 123 200 123 200 123 200 16.500 16.500 15.500 300 660 000 600...
Presented below are the 2016 income statement and comparative balance sheets for Santana Industries. SANTANA INDUSTRIES Income Statement For the Year Ended December 31, 2016 ($ in thousands) 45 points 17,850 Sales revenue Skipped Service revenue 7,000 Total revenue 24,850 eBook Print References Operating expenses: Cost of goods sold 9,000 4,200 3,300 Selling General and administrative Total operating expenses 16,500 Operating income Interest expense 8,350 380 Income before income taxes Income tax expense 7970 4,300 Net income 3,670 Balance Sheet...
Selected financial statement information and additional data for Pharoah Enterprises is presented below: Pharoah Enterprises Balance Sheet and Income Statement Data December 31, 2020 December 31, 2019 Current Assets: Cash $171,360 $133,280 Accounts Receivable 266,560 342,720 Inventory 437.920 380,800 Total Current Assets 875,840 856,800 Property, Plant, and Equipment Less: Accumulated Depreciation 1,389.920 (533,120) 856.800 $1,732,640 1,256,640 (495,040) 761,600 $1,618,400 Total Assets Current Liabilities: Accounts Payable Notes Payable Income Taxes Payable Total Current Liabilities $209,440 57,120 95,200 361,760 $114.240 76,160 85,680...
Most questions answered within 3 hours.
-
Can you figure out if any R functions used to subset a time
series 1 or...
asked 5 minutes ago -
Which of the following is correct?
A. APC + MPS = 1
B. APS + MPS...
asked 16 minutes ago -
Given a regression sum of squares equal to 2373.59 and a total
sum of squares equal...
asked 1 hour ago -
Compare and contrast the linear motion and angular motion
equations F ma and . That is,...
asked 1 hour ago -
Now that this course has taken you on a journey of introduction
to the world of...
asked 1 hour ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 4 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 3 hours ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 5 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 4 hours ago -
Given the function below, F(w,x,y,z)= x’z+w’z’+w’y
a) draw a logic diagram for an implementation which uses...
asked 4 hours ago -
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 5 hours ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 5 hours ago