Homework Answers
Solution:
| 2017 | 2016 | ||
| a. | Earnings per share | $3.48 | $3.27 |
| b. | Working Capital | $137,800 | $109,800 |
| c. | Current Ratio | 2.7:1 | 2.5:1 |
| d. | Debt to Assets Ratio | 21.5% | 24.4% |
| e. |
Free Cash Flow |
$83,700 | $22,660 |
| No. | Particulars | Method | 2017 | 2016 |
| a. | Earnings per share | (Net income - Preferred dividend) / Weighed average no. of shares outstanding | $3.48 per share ($115,000 - $0) /33,000 | $3.27 per share ($98,000 - $0) /30,000 |
| b. | Working Capital | Current Assets - Current liabilities | $137,800 ($32,660 + $82,400 + $102,400 - $79,660) | $109,800 ($24,660 + $74,400 + $85,400 - $74,660) |
| c. | Current ratio | Current assets / Current liabilities | 2.7: 1 ($32,660 + $82,400 + $102,400) / $79,660 | 2.5:1 ($24660 + $74400 + $85400) /$74660 |
| d. | Debt to Assets Ratio | Total debt / Total assets | 21.5% ($79,660 + $92,400) /$801,860 | 24.4% ($74,660 + $102,400) /$726,860 |
| e. | Free cash flow | Cash flows from operating activities - Capital expenditures | $83,700 ($133,360 - $49,660) | $22,660 ($60,660 - $38,000) |
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condensed balance sheet and income statement for wild horse Cole
are presented as follows compute these...
Condensed balance sheet and income statement data for Wildhorse Co. are presented as follows. Wildhorse Co....
Condensed balance sheet and income statement data for Wildhorse Co. are presented as follows. Wildhorse Co. Balance Sheets December 31 2017 2016 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity $ 32,660 82,400 102,400 62,000 522,400 $801,860 $24,660 74,400 85,400 60,000 482,400 726,860 $79,660 92,400 342,400 287,400 $ 801,860 $74,660 102,400 312,400 237,400 $726,860 Wildhorse...
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Anyone know these values and can explain how to get them?
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Only need help on part e Condensed balance sheet and income statement data for Wildhorse Co....
Only need help on part e
Condensed balance sheet and income statement data for Wildhorse Co. are presented as follows. Wildhorse Co. Balance Sheets December 31 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2022 $ 28,600 86,000 103,800 64,000 600,000 $ 882,400 2021 $ 22,000 57,500 95,500 59,700 470,000 704,700 $ 78,000 84,500 337,000...
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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
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Income tax expense
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Net income
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Vaughn Manufacturing
Balance Sheet
December 31, 2017
Assets
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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
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Anyone know these values and can explain how to get them?
Problem 2-6A Condensed balance sheet and income statement data for Sheffield Corp. are presented as follows Sheffield Corp Balance Sheets December 31 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholder Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2017 2016 83,300 103,300 62,000 523,300 $803,040 $31,140 23,140 75,300 86,300 60,000 483,300 728,040 s'...
Only need help on part e
Condensed balance sheet and income statement data for Wildhorse Co. are presented as follows. Wildhorse Co. Balance Sheets December 31 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2022 $ 28,600 86,000 103,800 64,000 600,000 $ 882,400 2021 $ 22,000 57,500 95,500 59,700 470,000 704,700 $ 78,000 84,500 337,000...
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’...
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