The following table gives abbreviated balance sheets and income statements for Walmart.
The following table gives abbreviated balance sheets and income statements for Walmart.
Assume a tax rate of 35%. Calculate the following using balance-sheet figures from the start of the year and Income statement figures from the end of the year:
a. Calculate the return on assets. (Enter your answer as a percent rounded to 2 decimal places.)
b. Calculate the operating profit margin. (Enter your answer as a percent rounded to 2 decimal places.)
c. Calculate the sales-to-assets ratio. (Round your answer to 2 decimal places.)
d. Calculate the inventory turnover. (Round your answer to 2 decimal places.)
e. Calculate the debt-equity ratio. (Round your answer to 4 decimal places.)
f. Calculate the current ratio. (Round your answer to 3 decimal places.)
g. Calculate the quick ratio. (Round your answer to 4 decimal places.)
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The following table gives abbreviated balance sheets and income statements for Walmart.
gives abbreviated balance sheets and income statements for Walmart. Calculate the following using balance-sheet figures from...
gives abbreviated balance sheets and income statements for
Walmart. Calculate the following using balance-sheet figures from
the start of the year.
a) Return on assets. The tax rate is 34.5%
b) ROE
c) Assets turnover
d) Inventory turnover and average days in Inventory
e) Total Debt to Equity ratio.
f) Current ratio.
g) Quick ratio
Table 28.8 Balance sheets and income statement for Walmart, fiscal 2017 and 2016 (figures in $ millions) Fiscal 2017 Fiscal 2016 Balance Sheet Assets Current...
The following table gives abbreviated balance sheets and income statements for Walmart. At the end of...
The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2017, Walmart had 2,970 million shares outstanding with a share price of $110. The company's weighted average cost of capital was about 5%. Assume a tax rate of 35%. Start of Year $ 6,887 43,066 1,961 $ 57, 769 Balance Sheet (figures in $ millions) End of Year Assets Current assets: Cash and marketable securities $ 6,776 Accounts receivable 5,634 Inventories 43,803 Other...
Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses...
Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 18% in 2017 and all assets and liabilities increase correspondingly. Income Statement Sales Costs, including interest Net income S 5,600 4,300 S 1,300 Balance Sheet, Year-End 2016 4,7044,300 2015 2016 2015 Net assets Debt s 1,904$1,833 Equity0 46 S 4,704 Total S 4,704 $4,300 Total S 4,300 a. If the payout ratio is set at 50% and no external debt or equity...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) Net sales $ 27,580 Costs 17,582 Depreciation 1,415 Earnings before interest and taxes (EBIT) $ 8,583 Interest expense 530 Pretax income 8,053 Federal plus other taxes 2,819 Net income $ 5,234 201 2019 2018 $ $ - 3,416 3,416 $ 406 3,156 $ 3,562 Assets Current assets Cash and marketable securities Receivables...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) $ 27,573 Net sales Costs 17,575 Depreciation Earnings before interest and taxes (EBIT) 1,408 $ 8,590 Interest expense 523 8,067 2,823 Pretax income Federal plus other taxes $ 5,244 Net income BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Liabilities and Shareholders' Equity 2019 Assets 2019 2018 2018 Current...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 12.750 Accounts payable $ 50,000 14,250 Notes payable 19,000 95,250 $ Current assets Cash Accounts receivable Inventory $ 6,600 12,200 78,200 $ 68,750 35,500 Total $ 97,000 $ 122,250 Total $ 69,000 $ 48,000 $ 104,250 $ 45,000 Long-term debt Owners' equity Common stock and paid-in $ 50.000 surplus Retained earnings 233,000 $ 50,000 300,750 Total $ 97,000 $ 122,250...
Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales...
Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income $899.00 759.00 49.00 $ 91.00 30.00 $ 61.00 12.81 $ 48.19 BALANCE SHEET (Figures in $ millions) End of Year Start of Year $ 387 294 $ 681 $ 348 240 $ 588 Assets Current assets Long-term assets Total assets Liabilities and shareholders' equity Current...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets: 2019 $ 90 275 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 375 $ 740 2,000 $2,740 2018 $ 75 300 350 $ 725 1,490 $2,215 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: $ 150 75 140 $ 365 450 1,225 700 $2,740...
please i need correcr answers to A and C. The following table shows an abbreviated income...
please i need correcr answers to A and C.
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP. , 2016 (Figures in $ millions) Net sales $27,571 17,573 1,406 Earnings before interest and taxes (EBIT) $8,592 Costs Depreciation Interest expense 521 Pretax income 8,071 2,825 $5,246 Тахes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2015 Assets 2016 Liabilities and Shareholders'...
Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.: WIPER,...
Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.: WIPER, INC. Condensed Balance Sheets December 31, 2017, 2016, 2015 (in millions) 2017 2016 2015 Current assets $ 707 $ 939 $ 793 Other assets 2,419 1,926 1,725 Total assets $ 3,126 $ 2,865 $ 2,518 Current liabilities $ 583 $ 836 $ 724 Long-term liabilities 1,530 997 870 Stockholders’ equity 1,013 1,032 924 Total liabilities and stockholders' equity $ 3,126 $ 2,865 $ 2,518...
gives abbreviated balance sheets and income statements for
Walmart. Calculate the following using balance-sheet figures from
the start of the year.
a) Return on assets. The tax rate is 34.5%
b) ROE
c) Assets turnover
d) Inventory turnover and average days in Inventory
e) Total Debt to Equity ratio.
f) Current ratio.
g) Quick ratio
Table 28.8 Balance sheets and income statement for Walmart, fiscal 2017 and 2016 (figures in $ millions) Fiscal 2017 Fiscal 2016 Balance Sheet Assets Current...
The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2017, Walmart had 2,970 million shares outstanding with a share price of $110. The company's weighted average cost of capital was about 5%. Assume a tax rate of 35%. Start of Year $ 6,887 43,066 1,961 $ 57, 769 Balance Sheet (figures in $ millions) End of Year Assets Current assets: Cash and marketable securities $ 6,776 Accounts receivable 5,634 Inventories 43,803 Other...
Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 18% in 2017 and all assets and liabilities increase correspondingly. Income Statement Sales Costs, including interest Net income S 5,600 4,300 S 1,300 Balance Sheet, Year-End 2016 4,7044,300 2015 2016 2015 Net assets Debt s 1,904$1,833 Equity0 46 S 4,704 Total S 4,704 $4,300 Total S 4,300 a. If the payout ratio is set at 50% and no external debt or equity...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) Net sales $ 27,580 Costs 17,582 Depreciation 1,415 Earnings before interest and taxes (EBIT) $ 8,583 Interest expense 530 Pretax income 8,053 Federal plus other taxes 2,819 Net income $ 5,234 201 2019 2018 $ $ - 3,416 3,416 $ 406 3,156 $ 3,562 Assets Current assets Cash and marketable securities Receivables...
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) $ 27,573 Net sales Costs 17,575 Depreciation Earnings before interest and taxes (EBIT) 1,408 $ 8,590 Interest expense 523 8,067 2,823 Pretax income Federal plus other taxes $ 5,244 Net income BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Liabilities and Shareholders' Equity 2019 Assets 2019 2018 2018 Current...
Assets 2017 2018 JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities 12.750 Accounts payable $ 50,000 14,250 Notes payable 19,000 95,250 $ Current assets Cash Accounts receivable Inventory $ 6,600 12,200 78,200 $ 68,750 35,500 Total $ 97,000 $ 122,250 Total $ 69,000 $ 48,000 $ 104,250 $ 45,000 Long-term debt Owners' equity Common stock and paid-in $ 50.000 surplus Retained earnings 233,000 $ 50,000 300,750 Total $ 97,000 $ 122,250...
Here are simplified financial statements for Watervan Corporation: INCOME STATEMENT (Figures in $ millions) Net sales Cost of goods sold Depreciation Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income $899.00 759.00 49.00 $ 91.00 30.00 $ 61.00 12.81 $ 48.19 BALANCE SHEET (Figures in $ millions) End of Year Start of Year $ 387 294 $ 681 $ 348 240 $ 588 Assets Current assets Long-term assets Total assets Liabilities and shareholders' equity Current...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets: 2019 $ 90 275 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 375 $ 740 2,000 $2,740 2018 $ 75 300 350 $ 725 1,490 $2,215 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: $ 150 75 140 $ 365 450 1,225 700 $2,740...
please i need correcr answers to A and C.
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2016 INCOME STATEMENT OF QUICK BURGER CORP. , 2016 (Figures in $ millions) Net sales $27,571 17,573 1,406 Earnings before interest and taxes (EBIT) $8,592 Costs Depreciation Interest expense 521 Pretax income 8,071 2,825 $5,246 Тахes Net income BALANCE SHEET OF QUICK BURGER CORP., 2016 (Figures in $ millions) 2015 Assets 2016 Liabilities and Shareholders'...
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