Homework Answers
Answer
| Earning Per Share | = | Net Income / number of shares outstanding |
| = | 2800/1000 | |
| = | $ 2.80 per share | |
| Working Capital | = | Current Assets - Current Liabilities |
| = | Accont Receivable + Cash + Inventory - Account Payable - Unearned revenue | |
| = | 4200+5500+2200-1500-500 | |
| = | $ 9900 | |
| Return On sales | = | Net Income/Net Sales |
| = | 2800/16000 | |
| = | 17.50% |
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Question 44 6 pts Compute the following ratios using the selected financial statement information presented below....
44. Compute the following ratlos using the selected financial statement Information presented below. Earnings per share...
44.
Compute the following ratlos using the selected financial statement Information presented below. Earnings per share Working capital Return on sales Financial Statement Information: 2019 2018 Net sales 16,000 12.000 8,600 6,800 Cost of Goods Sold Interest expense Income from operations 200 290 3,400 2,000 Net income 2,800 1,700 2019 4,200 1.500 25.000 5.500 Accounts receivable Accounts payable Building Cash Common Stock (1.000 shares) Inventory Mortgage payable Unearned revenue 2.000 2.200 22.600 500
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...
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
42. U wors D Question 42 8 pts Use the following selected balance sheet data (presented...
42.
U wors D Question 42 8 pts Use the following selected balance sheet data (presented in alphabetical order) to perform a vertical analysis for 2019. Show all numbers as a percentage, and round to 1 decimal place. 2019 Vertical Analysis Accounts receivable 4,200 Accounts payable 1,500 Building 25,000 Cash 5,500 I Common Stock (1,000 shares) 2,000 Inventory 2,200 Mortgage payable 22,600 Unearned revenue 500
Using the financial statements and additional information, compute the following ratios for Hampton Company for 2019....
Using the financial statements and additional information,
compute the following ratios for Hampton Company for 2019. Show all
computations.
The financial statements of Hampton Company appear below Hampton Company Comparative Balance Sheet December 31, 2018 40,000 60,000 30,000 70,000 00,000 ASSETS 2019 ash $35,000 15,000 50,000 50,000 250,000 400,000 Short-term investments ccounts receivables nventory Property, plant & equip (net) Total assets 500,000 Time left 2:50:24 LIAB & Stockholders Equity Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings...
sales were on credit, sel esets, $94.900.com Problem 17-4B Calculation of financial statement ratios Selected year-end...
sales were on credit, sel esets, $94.900.com Problem 17-4B Calculation of financial statement ratios Selected year-end financial statements of Overton Corporation follow. (All sales balance sheet amounts at December 31, 2016, were inventory, $17.400; total assere stock. $35,500; and retained earnings. $18.800.) OVERTON CORPORATION Balance Sheet December 31, 2017 OVERTON CORPORATION Income Statement For Year Ended December 31, 2017 $ 1150 330. 2. Sales Cost of goods sold..... Gross profit DIUSS pom...-..- Operating expenses..... Interest expense. Income before taxes..... Income...
(Calculating financial ratios) The balance sheet and income statement for the J·P. Robard Mig. Company are...
(Calculating financial ratios) The balance sheet and income statement for the J·P. Robard Mig. Company are as follows:囲. Calculate the following ratios: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity P. Robard Mfg., Inc. J. Balance Sheet ($000) $500 2,000 1,000 $3,500 4,500 $8,000 Cash Accounts receivable Inventories Current assets Net fixed assets Total assets Accounts payable Accrued expenses Short-term...
Calculate ratios and answer the following question Selected Statement of Financial Position Information 2019 ($'000) 2018...
Calculate ratios and answer
the following question
Selected Statement of Financial Position Information 2019 ($'000) 2018 ($'000) Cash and Cash Equivalents Trade Receivables Inventories Total Current Assets Total Assets Total Current Liabilities Total Liabilities Retained Earnings Shareholders Equity 119.2 236.0 886.7 1,276.5 2,548.8 927.1 1,504.7 555.6 1,044,1 72.0 204.7 891.1 1,210.5 2,491.7 917.2 1,544.1 463.2 947.6 Selected Statement of Financial Performance Information 2019 ($'000) Revenue (cash and credit sales) Income Tax Expense Interest Expense (Finance Costs) Cost of Sales Gross...
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)...
Required: a. Using the financial statements, compute the following ratios for Flowers Co. for 2019. Show...
Required:
a. Using the financial statements, compute the following ratios
for Flowers Co. for 2019. Show all computations.
(4
marks)
1. Current
ratio.
2. Acid-test ratio.
3. Accounts receivable
turnover.
4. Inventory turnover.
5. Profit
margin.
6. Return on assets.
7. Assets
turnover.
8. Times interest earned.
9. Working capital.
10. Debt to assets ratio.
The financial statements of Flowers Co. appear below: Flowers Co. Comparative Balance Sheets December 31, 2018 - 2019 Assets Caela Short-term investments Accounts receivable...
44.
Compute the following ratlos using the selected financial statement Information presented below. Earnings per share Working capital Return on sales Financial Statement Information: 2019 2018 Net sales 16,000 12.000 8,600 6,800 Cost of Goods Sold Interest expense Income from operations 200 290 3,400 2,000 Net income 2,800 1,700 2019 4,200 1.500 25.000 5.500 Accounts receivable Accounts payable Building Cash Common Stock (1.000 shares) Inventory Mortgage payable Unearned revenue 2.000 2.200 22.600 500
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...
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
42.
U wors D Question 42 8 pts Use the following selected balance sheet data (presented in alphabetical order) to perform a vertical analysis for 2019. Show all numbers as a percentage, and round to 1 decimal place. 2019 Vertical Analysis Accounts receivable 4,200 Accounts payable 1,500 Building 25,000 Cash 5,500 I Common Stock (1,000 shares) 2,000 Inventory 2,200 Mortgage payable 22,600 Unearned revenue 500
Using the financial statements and additional information,
compute the following ratios for Hampton Company for 2019. Show all
computations.
The financial statements of Hampton Company appear below Hampton Company Comparative Balance Sheet December 31, 2018 40,000 60,000 30,000 70,000 00,000 ASSETS 2019 ash $35,000 15,000 50,000 50,000 250,000 400,000 Short-term investments ccounts receivables nventory Property, plant & equip (net) Total assets 500,000 Time left 2:50:24 LIAB & Stockholders Equity Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings...
sales were on credit, sel esets, $94.900.com Problem 17-4B Calculation of financial statement ratios Selected year-end financial statements of Overton Corporation follow. (All sales balance sheet amounts at December 31, 2016, were inventory, $17.400; total assere stock. $35,500; and retained earnings. $18.800.) OVERTON CORPORATION Balance Sheet December 31, 2017 OVERTON CORPORATION Income Statement For Year Ended December 31, 2017 $ 1150 330. 2. Sales Cost of goods sold..... Gross profit DIUSS pom...-..- Operating expenses..... Interest expense. Income before taxes..... Income...
(Calculating financial ratios) The balance sheet and income statement for the J·P. Robard Mig. Company are as follows:囲. Calculate the following ratios: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity P. Robard Mfg., Inc. J. Balance Sheet ($000) $500 2,000 1,000 $3,500 4,500 $8,000 Cash Accounts receivable Inventories Current assets Net fixed assets Total assets Accounts payable Accrued expenses Short-term...
Calculate ratios and answer
the following question
Selected Statement of Financial Position Information 2019 ($'000) 2018 ($'000) Cash and Cash Equivalents Trade Receivables Inventories Total Current Assets Total Assets Total Current Liabilities Total Liabilities Retained Earnings Shareholders Equity 119.2 236.0 886.7 1,276.5 2,548.8 927.1 1,504.7 555.6 1,044,1 72.0 204.7 891.1 1,210.5 2,491.7 917.2 1,544.1 463.2 947.6 Selected Statement of Financial Performance Information 2019 ($'000) Revenue (cash and credit sales) Income Tax Expense Interest Expense (Finance Costs) Cost of Sales Gross...
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:
a. Using the financial statements, compute the following ratios
for Flowers Co. for 2019. Show all computations.
(4
marks)
1. Current
ratio.
2. Acid-test ratio.
3. Accounts receivable
turnover.
4. Inventory turnover.
5. Profit
margin.
6. Return on assets.
7. Assets
turnover.
8. Times interest earned.
9. Working capital.
10. Debt to assets ratio.
The financial statements of Flowers Co. appear below: Flowers Co. Comparative Balance Sheets December 31, 2018 - 2019 Assets Caela Short-term investments Accounts receivable...
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