Homework Answers
1. EPS = (Net Income - Preferred Dividends) / Outstanding shares
EPS for 2017 = (83,625 - 6,000) / 75,000 = 1.04
EPS for 2016 = (39,950 - 6,000) / 40,000 = 0.85
2. Current Ratio = Current Assets / Current Liabilities
Current Ratio for 2017 = 70,000 / 28,000 = 2.5 : 1
Current Ratio for 2016 = 46,200 / 33,000 = 1.4 : 1
3. Debt to Assets Ratio = Total Debts / Total Asssets
Assumption: Since there is no details mentioned about the Debt component in the total liabilities figure, I am considering the whole Liabilities to be Debt
Debt to Assets Ratio for 2017 = 98,000 / 280,000 = 0.35
Debt to Assets Ratio for 2016 = 96,750 / 215,000 = 0.45
4. Free Cash Flows = Cash from operating activities - Capital Expenditure
Note: Capital Expenditure given here is Expenditures on Property, Plant & Equipment
Free Cash Flows for 2017 = 90,000 - 29,000 = 61,000
Free Cash Flows for 2016 = 56,000 - 16,000 = 40,000
Add Answer to:
(a) Compute earnings per share for 2017 and 2016 for Blossom. (Round answers to 2 decimal...
The following information is available for Monty Corp. 2017 2016 Current assets $ 48,300 $ 47,850...
The following information is available for Monty Corp. 2017 2016 Current assets $ 48,300 $ 47,850 Total assets 280,000 240,000 Current liabilities 23,000 33,000 Total liabilities 89,600 112,800 Net income 110,250 40,000 Net cash provided by operating activities 90,000 56,000 Preferred dividends 4,000 4,000 Common dividends 2,000 1,000 Expenditures on property, plant, and equipment 28,000 15,000 Shares outstanding at beginning of year 45,000 35,000 Shares outstanding at end of year 80,000 45,000 (a) Compute earnings per share for 2017 and...
The following information is available for Bridgeport Corp. Current assets 2017 2016 $ 70,000 $39,360 260,000...
The following information is available for Bridgeport Corp. Current assets 2017 2016 $ 70,000 $39,360 260,000 230,000 Total assets Current liabilities 28,000 32,800 Total liabilities Net income Net cash provided by operating activities 91,000 74,875 90,000 4,000 3,000 23,000 105,800 32,500 56,000 4,000 1,500 16,000 Preferred dividends Common dividends Expenditures on property, plant, and equipment Shares outstanding at beginning of year 35,000 25,000 Shares outstanding at end of year 70,000 35,000 (a) Compute earnings per share for 2017 and 2016...
The following information is available for Marigold Corp. Current assets Total assets Current liabilities Total liabilities...
The following information is available for Marigold Corp. Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment 2017 $67,200 250,000 28,000 87,500 109,250 90,000 8,000 3,000 28,000 2016 $ 46,340 215,000 33,100 96,750 49,400 56,000 8,000 1,500 13,000 Shares outstanding at beginning of year Shares outstanding at end of year 50,000 85,000 40,000 50.000 (a) Compute earnings per share for 2017 and 2016...
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...
The following information is available for Bakers Corporation. 2018 2017 Current liabilities $ 88,000 $
The following information is available for Bakers Corporation. 2018 2017 Current liabilities $ 88,000 $ 60,800 Total assets 400,000 341,000 Currrent liabilities 40,000 38,000 Total liabilities 120,000 150,000 Net income 100,000 50,000 Net cash provided by operating activities 110,000 70,000 Preferred dividends 10,000 10,000 Common dividends 5,000 2,500 Expenditures on property, plant, and equipment 45,000 20,000 Shares outstanding beginning of year 60,000 40,000 Shares outstanding end of year 120,000 60,000 Computethe current ratio, debt to asets ratio, free cash flow, and earnings...
Question 5 of 10 < > Current assets Total assets Current liabilities Total liabilities Net income...
Question 5 of 10 < > Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment 2017 $ 65,800 260,000 28,000 85,800 113,375 90,000 4,000 4,000 29,000 2016 $49,590 210,000 34,200 105,000 40,000 56,000 4,000 2,000 12,000 Shares outstanding at beginning of year Shares outstanding at end of year 45,000 80,000 35,000 45,000 (a) Compute earnings per share for 2017 and 2016 for Culver....
Styles P2-SA Instructions (a) Compute the following values and ratios for 2017. (We provide the results...
Styles P2-SA Instructions (a) Compute the following values and ratios for 2017. (We provide the results from 2016 for comparative purposes.) 0) Working capital. (2016: $160,500) Working capital- current assets- current liabilities -$458,900-$195,500 -$263,400 The working capital is $263,400 (i) Current ratio. (2016: 1.65:1) Current ratio Curr ssets Current liabilities 0158,900 5195,500 -2.34:1 The current ratio is 2.34:1 (ii) Free cash flow. (2016: $48,700) Free cash flow -net cash provided by operating activities -Capital expenditures Cash dividends 190,800-S92,000-S31,000 -$67,800 The...
Question 4 View Policies Current Attempt in Progress Suppose the following data were taken from the...
Question 4 View Policies Current Attempt in Progress Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2017 2016 Current assets $906,400 $1,009,800 1,970,000 1,890,000 Total assets Current liabilities 412,000 374,000 Total liabilities 559,480 536,760 Net income 186,930 316,500 Net cash provided by operating activities 465,500 318,000 294,000 Capital expenditures 263,700 Dividends paid on common stock 78,000 100,200 Weighted average shares outstanding 201,000 211,000...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,896,440 $1,756,400 1,011,900 744,500 484,900 259,600 1,064,440 832,000 505,900 326,100 Interest expense Income before income taxes Income tax expense Net income 24,100 302,000 94,100 $207,900 22,100 237,500 75,100 $162,400 BLOSSOM COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable Inventory 60,100 64,200...
The following are financial statements of Vaughn Manufacturing. Vaughn Manufacturing Income Statement For the Year Ended...
The following are financial statements of Vaughn
Manufacturing.
Vaughn Manufacturing
Income Statement
For the Year Ended December 31, 2017
Net sales
$2,230,600
Cost of goods sold
1,028,200
Selling and administrative expenses
924,400
Interest expense
90,300
Income tax expense
70,610
Net income
$ 117,090
Vaughn Manufacturing
Balance Sheet
December 31, 2017
Assets
Current assets
Cash
$ 72,200
Debt investments
85,610
Accounts receivable (net)
189,000
Inventory
162,400
Total current assets
509,210
Plant assets (net)
591,100
Total assets
$ 1,100,310
Liabilities and Stockholders’...
The following information is available for Monty Corp. 2017 2016 Current assets $ 48,300 $ 47,850 Total assets 280,000 240,000 Current liabilities 23,000 33,000 Total liabilities 89,600 112,800 Net income 110,250 40,000 Net cash provided by operating activities 90,000 56,000 Preferred dividends 4,000 4,000 Common dividends 2,000 1,000 Expenditures on property, plant, and equipment 28,000 15,000 Shares outstanding at beginning of year 45,000 35,000 Shares outstanding at end of year 80,000 45,000 (a) Compute earnings per share for 2017 and...
The following information is available for Bridgeport Corp. Current assets 2017 2016 $ 70,000 $39,360 260,000 230,000 Total assets Current liabilities 28,000 32,800 Total liabilities Net income Net cash provided by operating activities 91,000 74,875 90,000 4,000 3,000 23,000 105,800 32,500 56,000 4,000 1,500 16,000 Preferred dividends Common dividends Expenditures on property, plant, and equipment Shares outstanding at beginning of year 35,000 25,000 Shares outstanding at end of year 70,000 35,000 (a) Compute earnings per share for 2017 and 2016...
The following information is available for Marigold Corp. Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment 2017 $67,200 250,000 28,000 87,500 109,250 90,000 8,000 3,000 28,000 2016 $ 46,340 215,000 33,100 96,750 49,400 56,000 8,000 1,500 13,000 Shares outstanding at beginning of year Shares outstanding at end of year 50,000 85,000 40,000 50.000 (a) Compute earnings per share for 2017 and 2016...
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...
Question 5 of 10 < > Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment 2017 $ 65,800 260,000 28,000 85,800 113,375 90,000 4,000 4,000 29,000 2016 $49,590 210,000 34,200 105,000 40,000 56,000 4,000 2,000 12,000 Shares outstanding at beginning of year Shares outstanding at end of year 45,000 80,000 35,000 45,000 (a) Compute earnings per share for 2017 and 2016 for Culver....
Styles P2-SA Instructions (a) Compute the following values and ratios for 2017. (We provide the results from 2016 for comparative purposes.) 0) Working capital. (2016: $160,500) Working capital- current assets- current liabilities -$458,900-$195,500 -$263,400 The working capital is $263,400 (i) Current ratio. (2016: 1.65:1) Current ratio Curr ssets Current liabilities 0158,900 5195,500 -2.34:1 The current ratio is 2.34:1 (ii) Free cash flow. (2016: $48,700) Free cash flow -net cash provided by operating activities -Capital expenditures Cash dividends 190,800-S92,000-S31,000 -$67,800 The...
Question 4 View Policies Current Attempt in Progress Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.) 2017 2016 Current assets $906,400 $1,009,800 1,970,000 1,890,000 Total assets Current liabilities 412,000 374,000 Total liabilities 559,480 536,760 Net income 186,930 316,500 Net cash provided by operating activities 465,500 318,000 294,000 Capital expenditures 263,700 Dividends paid on common stock 78,000 100,200 Weighted average shares outstanding 201,000 211,000...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,896,440 $1,756,400 1,011,900 744,500 484,900 259,600 1,064,440 832,000 505,900 326,100 Interest expense Income before income taxes Income tax expense Net income 24,100 302,000 94,100 $207,900 22,100 237,500 75,100 $162,400 BLOSSOM COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable Inventory 60,100 64,200...
The following are financial statements of Vaughn
Manufacturing.
Vaughn Manufacturing
Income Statement
For the Year Ended December 31, 2017
Net sales
$2,230,600
Cost of goods sold
1,028,200
Selling and administrative expenses
924,400
Interest expense
90,300
Income tax expense
70,610
Net income
$ 117,090
Vaughn Manufacturing
Balance Sheet
December 31, 2017
Assets
Current assets
Cash
$ 72,200
Debt investments
85,610
Accounts receivable (net)
189,000
Inventory
162,400
Total current assets
509,210
Plant assets (net)
591,100
Total assets
$ 1,100,310
Liabilities and Stockholders’...
Most questions answered within 3 hours.
-
3. Gains from trade
Consider two neighbouring island countries called Euphoria and
Contente. They each have...
asked 1 hour ago -
A business executive has the option to invest money in two
plans: Plan A guarantees that...
asked 3 hours ago -
Hello, can someone please help me answer this question?
How much heat is absorbed by a...
asked 3 hours ago -
. A marketing researcher conducted a survey of 25 shoppers
randomly selected at the local mall...
asked 3 hours ago -
Create an comprehensive response to the
following:
Antimicrobial agents work on a multitude of microbes (bacteria,...
asked 3 hours ago -
6.13 LAB: Step counter. Section 6.3.
A pedometer treats walking 2,000 steps as walking 1 mile....
asked 3 hours ago -
(14.2) A block of mass m = 10 kg riding on a frictionless
horizontal plane is...
asked 3 hours ago -
Use any search engine to search for articles about Starbucks
partnership with Tata Companies in India...
asked 3 hours ago -
Let’s say that for some reason Bank Excess Reserves suddenly
increase sharply. What effect would this...
asked 3 hours ago -
Given:
Curent Assets: $600,000
Total Assets: $2,600,000
Current Liabilities: $500,000
Total Liabilities: $1,700,000
What is the...
asked 4 hours ago -
1. What is a “Bankster”? What is insider trading? Why is it
illegal?
2. What is...
asked 4 hours ago -
A transverse wave on a cord is given by
D(x,t)=0.18sin(2.7x−61.0t), where Dand x are in m...
asked 4 hours ago