Homework Answers
a)
Debt ratio = Total liabilities/Total assets
= 156,000/290,000
= 53.8%
b)
Stockholders' equity = Total assets - Total liabilities
= 290,000 - 156,000
= $134,000
Debt equity ratio = Total liabilities/Stockholders' equity
= 156,000/134,000
= 1.16 times
c)
Times interest earned = Operating income/Interest expense
= 87,000/19,000
= 4.58 times
Kindly give a positive rating if you are satisfied with the answer. Feel free to ask if you have any doubt. Thanks.
Add Answer to:
8 The following information was available for the year ended December 31, 2019: 12.5 points Earnings...
The following information was available for the year ended December 31, 2019 Earnings before interest and...
The following information was available for the year ended December 31, 2019 Earnings before interest and taxes (operating income) Interest expense Incore tax expense Net income Total assets at year-end Total liabilities at year-end $ 66,000 12,000 17.000 37.000 220,000 120,000 Required: a. Calculate the debt ratio at December 31, 2019. (Round your answer to 1 decimal place.) b. Calculate the debt/equity ratio at December 31, 2019. (Round your answer to 2 decimal places.) c. Calculate the times interest earned...
please complete the entire question, try and use the same format if possible The following information...
please complete the entire question, try and use the same format if
possible
The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating income) Interest expense Income tax expense Net income Total assets at year-end Total liabilities at year-end $120,000 30.000 35,000 55,000 400,000 200,000 Required: a. Calculate the debt ratio at December 31, 2019. (Round your answer to 1 decimal place.) b. Calculate the debt/equity ratio at December 31, 2019. (Round...
The following information was available for the year ended December 31, 2016: Sales $ 240,000 Net...
The following information was available for the year ended December 31, 2016: Sales $ 240,000 Net income 35,560 Average total assets 540,000 Average total stockholders' equity 310,000 Dividends per share 1.22 Earnings per share 3.00 Market price per share at year-end 24.30 Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2016. (Round your intermediate calculations and final answers to 2 decimal places.) b. Calculate ROE for the year ended December 31, 2016. (Round your answer...
The following information was available for the year ended December 31, 2019 Net sales Cost of...
The following information was available for the year ended December 31, 2019 Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average Inventory for the year Inventory at year-end $839.500 605,900 39,500 29.900 170,000 157,700 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories (Use 365 days a year. Round your answer to...
The following information was available for the year ended December 31, 2019: Sales $ 500,000 Net...
The following information was available for the year ended December 31, 2019: Sales $ 500,000 Net income 71,700 Average total assets 800,000 Average total stockholders' equity 375,000 Dividends per share 1.35 Earnings per share 3.00 Market price per share at year-end 28.20 Required: Calculate margin, turnover, and ROI for the year ended December 31, 2019. Calculate ROE for the year ended December 31, 2019. Calculate the price/earnings ratio for 2019. Calculate the dividend payout ratio for 2019. Calculate the dividend...
Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 Current assets $ 764 Other assets 2,42...
Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 Current assets $ 764 Other assets 2,424 Total assets $3,188 Current liabilities $ 588 Long-term liabilities 1,582 Stockholders' equity 1,018 Total liabilities and stockholders' equity $3,188 2019 $ 981 1,931 $2,912 $ 841 1,034 1,037 $2,912 2018 $ 843 1,730 $2,573 $ 734 910 929 $2,573 2019 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 Income statement...
​The following information was available for the year ended December 31, 2019
The following information was available for the year ended December 31, 2019: Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2019. b. Calculate ROE for the year ended December 31, 2019. c. Calculate the price/earnings ratio for 2019. d. Calculate the dividend payout ratio for 2019. e. Calculate the dividend yield for 2019.
Financial statements for Franklin Company follow. FRANKLIN COMPANY Balance Sheets As of December 31 2019 2018...
Financial statements for Franklin Company follow. FRANKLIN COMPANY Balance Sheets As of December 31 2019 2018 $ 19,500 28,780 48,00 133,000 27,000 248,200 22,eee 290, eee 33,000 $593,200 $ 15,5ee 6,700 40,000 141,600 12,000 215,280 15,00 275,000 28,eee $533,280 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid itens Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable...
Ratios Analyzing Long-Term Firm Solvency The following information is available for Banner Company: Annual Data 2019...
Ratios Analyzing Long-Term Firm Solvency The following information is available for Banner Company: Annual Data 2019 2018 Interest expense $85,000 $82,000 Income tax expense 203,500 185,000 Net income 496,500 425,000 Capital expenditures 320,000 380,000 Cash provided by operating activities 450,000 390,000 Year-End Data Dec. 31, 2019 Dec. 31, 2018 Total liabilities $2,400,000 $1,900,000 Total stockholders’ equity 4,200,000 3,800,000 Calculate the following: Note: Round all answers to two decimal places. a. 2019 debt-to-equity ratio. b. 2019 times-interest-earned ratio. c. 2019 operating-cash-flow-to-capital-expenditures...
Ratios Analyzing Long-Term Firm Solvency The following information is available for Banner Company: Annual Data 2019...
Ratios Analyzing Long-Term Firm Solvency The following information is available for Banner Company: Annual Data 2019 2018 Interest expense $85,000 $82,000 203,500 185,000 Income tax expense Net income 496,500 425,000 Capital expenditures 320,000 380,000 Cash provided by operating activities 450,000 390,000 Year-End Data Dec. 31, 2019 Dec. 31, 2018 Total liabilities $2,400,000 $1,900,000 Total stockholders equity 4,200,000 3,800,000 Calculate the following: Note: Round all answers to two decimal places. a. 2019 debt-to-equity ratio. b. 2019 times-interest-earned ratio. 0 c. 2019...
The following information was available for the year ended December 31, 2019 Earnings before interest and taxes (operating income) Interest expense Incore tax expense Net income Total assets at year-end Total liabilities at year-end $ 66,000 12,000 17.000 37.000 220,000 120,000 Required: a. Calculate the debt ratio at December 31, 2019. (Round your answer to 1 decimal place.) b. Calculate the debt/equity ratio at December 31, 2019. (Round your answer to 2 decimal places.) c. Calculate the times interest earned...
please complete the entire question, try and use the same format if
possible
The following information was available for the year ended December 31, 2019: Earnings before interest and taxes (operating income) Interest expense Income tax expense Net income Total assets at year-end Total liabilities at year-end $120,000 30.000 35,000 55,000 400,000 200,000 Required: a. Calculate the debt ratio at December 31, 2019. (Round your answer to 1 decimal place.) b. Calculate the debt/equity ratio at December 31, 2019. (Round...
The following information was available for the year ended December 31, 2019 Net sales Cost of goods sold Average accounts receivable for the year Accounts receivable at year-end Average Inventory for the year Inventory at year-end $839.500 605,900 39,500 29.900 170,000 157,700 Required: a. Calculate the inventory turnover for 2019. (Round your answer to 2 decimal places.) b. Calculate the number of days' sales in inventory for 2019, using year-end inventories (Use 365 days a year. Round your answer to...
Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 Current assets $ 764 Other assets 2,424 Total assets $3,188 Current liabilities $ 588 Long-term liabilities 1,582 Stockholders' equity 1,018 Total liabilities and stockholders' equity $3,188 2019 $ 981 1,931 $2,912 $ 841 1,034 1,037 $2,912 2018 $ 843 1,730 $2,573 $ 734 910 929 $2,573 2019 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 Income statement...
The following information was available for the year ended December 31, 2019: Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2019. b. Calculate ROE for the year ended December 31, 2019. c. Calculate the price/earnings ratio for 2019. d. Calculate the dividend payout ratio for 2019. e. Calculate the dividend yield for 2019.
Financial statements for Franklin Company follow. FRANKLIN COMPANY Balance Sheets As of December 31 2019 2018 $ 19,500 28,780 48,00 133,000 27,000 248,200 22,eee 290, eee 33,000 $593,200 $ 15,5ee 6,700 40,000 141,600 12,000 215,280 15,00 275,000 28,eee $533,280 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid itens Total current assets Investments Plant (net) Land Total assets Liabilities and Stockholders' Equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable...
Ratios Analyzing Long-Term Firm Solvency The following information is available for Banner Company: Annual Data 2019 2018 Interest expense $85,000 $82,000 203,500 185,000 Income tax expense Net income 496,500 425,000 Capital expenditures 320,000 380,000 Cash provided by operating activities 450,000 390,000 Year-End Data Dec. 31, 2019 Dec. 31, 2018 Total liabilities $2,400,000 $1,900,000 Total stockholders equity 4,200,000 3,800,000 Calculate the following: Note: Round all answers to two decimal places. a. 2019 debt-to-equity ratio. b. 2019 times-interest-earned ratio. 0 c. 2019...
Most questions answered within 3 hours.
-
For python 3.7. This should only be a few lines if any, but for
some reason...
asked 2 minutes ago -
what is IoT? How is it being used today? How will it be used in
the...
asked 15 minutes ago -
Please answer the four questions below.
1. If you were going to test a method that...
asked 30 minutes ago -
Provide two or three examples of support he uses to reinforce
his arguments?
The Alienation of...
asked 37 minutes ago -
QUESTION 1
Why do we see terms with multiple names in the database
community?
Consistency is...
asked 32 minutes ago -
In a titration experiment, 11.5 mL of 0.400 M H2SO4 neutralized
48.0 mL of NaOH. What...
asked 37 minutes ago -
A shot-putter throws the shot with a horizontal velocity of 10
m/s and a
vertical velocity...
asked 52 minutes ago -
Mildred sells industrial-sized refrigeration units. Her
prospective buyer's face looks tense, and his forehead is wrinkled....
asked 54 minutes ago -
Clark Heter is an industrial engineer at Lyons Products. He
would like to determine whether there...
asked 1 hour ago -
3. Use a text editor to create a comma-delimited file of user
IDs and passwords. Revise...
asked 1 hour ago -
Jensen and Associates has a projected balance
sheet that includes the following accounts. What is the...
asked 1 hour ago -
implement a doubly-linked list in C. Each node in the linked list should contain a string,...
asked 1 hour ago