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Question 22 Afirm had the following accounts and financial data for the most recent fiscal year:...
XYZ Ltd is attempting to calculate some of their ratios for their most recent fiscal year....
XYZ Ltd is attempting to calculate some of their ratios for their most recent fiscal year. The following information is available: 1. a. Net income after tax b. Interest payments c. Lease payments d. Preferred Share dividends $16,300 e. Common share dividends $12,704 f. Principal repayments g. Common shares outstanding 31,760 h. Tax rate $74,100 $22,000 $33,000 $20,400 22% Calculate 1) the earnings per common share, 2) dividends per common share ,3) retained earnings, and 4) times interest earned ratio
A firm had the following accounts and financial data for 2019 Accounts receivable Interest expense Total...
A firm had the following accounts and financial data for 2019 Accounts receivable Interest expense Total operating expenses Sales revenue $3,060 500 126 600 Accounts payable240 Cost of goods sold Preferred stock dividends Tax rate Number of common shares outstanding $1,800 18 40% 1,000 The firm's net profit after taxes for 2019 is _. OA. OB. O C. ○ D· $206.25 $213.80 $320.40 -$206.40
A firm has the following accounts and financial data for 2014: $3,060 500 $1,800 Sales revenue...
A firm has the following accounts and financial data for 2014: $3,060 500 $1,800 Sales revenue Accounts receivable Interest expense Total operating expenses Accounts payable 126 Cost of goods sold Preferred stock dividends Tax rate Number of shares of common stocks outstanding 600 40% 1,000 The firm's earnings available to common shareholders for 2014 is Select one: a. -$224.25 O b. $516.60 O c. $302.40 O d. $195.40
Profitability Analysis Albion Inc. provided the following information for its most recent year of operations. The...
Profitability Analysis Albion Inc. provided the following information for its most recent year of operations. The tax rate is 40%. Sales $100,000 Cost of goods sold 45,000 Net income 10,500 Interest expense 350 Assets—beginning balance 120,000 Assets—ending balance 126,000 Preferred dividends $300 Common dividends (paid December 31) $8,000 Common shares outstanding—January 1 30,000 shares Common shares outstanding—December 31 40,000 shares Average common stockholders' equity $55,000 Market price per common share $12 Required: Round all answers to two decimal places except...
Use the data from below. For the most recent year (2014) calculate the following ratios. Current...
Use the data from below. For the most recent year (2014)
calculate the following ratios.
Current ratio
Inventory turnover
Rate of return on total assets
Accounts receivable turnover (assume all sales are on
account)
Debt ratio.
Data:
Additional information:
There were no write-offs of delinquent accounts during the
year.
A building was sold during the year for $120.
P.S: Explain calculations too please!
Nroklesah Company Comparative Balance Sheets and Income Statement For the Years 2013 and 2014 BALANCE SHEETS Assets...
For the most recent year, Camargo, Inc., had sales of $546,000, cost of goods sold of...
For the most recent year, Camargo, Inc., had sales of $ 546,000, cost of goods sold of $ 244,410, depreciation expense of $ 61,900, and additions to retained earnings of $ 74,300. The firm currently has 21,500 shares of common stock outstanding and the previous year's dividends per share were $ 1.25.Assuming a 23 percent income tax rate, what was the times interest earned ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Times...
ructions ected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as...
ructions ected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. 8. Split the common stock 2 for 1 and reduced the par from $80 to $40 per share. After the split, there were 157,000 common shares outstanding. Apr. Declared semiannual dividends of $0.65 on 19,000 shares of preferred stock and $0.24 on the common 30 stock payable on July 1. Paid the cash dividends. Jul. Oct Declared semiannual dividends of $0.65 on...
Current Attempt in Progress At June 30, 2022. the end of its most recent fiscal year,...
Current Attempt in Progress At June 30, 2022. the end of its most recent fiscal year, Grouper Computer Consultants post-closing trial balance was as follows: Debit Credit $4.500 1.030 Accounts receivable Supplies 590 Accounts payable $340 Unearned service revenue 960 Common stock 3,100 Retained earnings 1.720 56,120 $6,120 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Grouper conducted the following transactions during July 2022. and adjusts its accounts monthly July 1...
Orca Industries Below are the two most recent balance sheets and most recent income statement for...
Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35%. Balance Sheet 2011 2010 Assets: Cash Accounts Receivable (net) Inventory Long-lived assets Less:Accumulated depreciation Total assets $10,000 6,000 8,000 12,000 (4.000) $32.000 $6,000 1,500 10,000 11.000 (2.000) $26.500 Liabilities and Stockholders' Equity: Accounts payable Deferred revenues Long-term note payable Less: Discount on note payable Common stock Retained earnings Total liabilities and stockholders' equity...
ABC Corp had the following financial data related to the year-end 2018 and 2019. Prepare the...
ABC Corp had the following financial data related to the year-end 2018 and 2019. Prepare the Statement of Cash Flows, as of December 31, 2019, for ABC Corp. Comparative Balance Sheet Data ABC Corp Balance Sheet December 31 2019 2018 Cash $ 142,740 $ 46,080 Accounts Receivable 126,360 58,800 Inventories 146,250 123,420 Long-term Investments 111,800 112,800 Equipment, net 286,000 228,600 $813,150 $ 569,700 Accounts Payable $ 130,000 $ 80,760 Income Tax Payable 21,450 20,400 Bonds Payable 97,500 132,000 Common...
XYZ Ltd is attempting to calculate some of their ratios for their most recent fiscal year. The following information is available: 1. a. Net income after tax b. Interest payments c. Lease payments d. Preferred Share dividends $16,300 e. Common share dividends $12,704 f. Principal repayments g. Common shares outstanding 31,760 h. Tax rate $74,100 $22,000 $33,000 $20,400 22% Calculate 1) the earnings per common share, 2) dividends per common share ,3) retained earnings, and 4) times interest earned ratio
A firm had the following accounts and financial data for 2019 Accounts receivable Interest expense Total operating expenses Sales revenue $3,060 500 126 600 Accounts payable240 Cost of goods sold Preferred stock dividends Tax rate Number of common shares outstanding $1,800 18 40% 1,000 The firm's net profit after taxes for 2019 is _. OA. OB. O C. ○ D· $206.25 $213.80 $320.40 -$206.40
A firm has the following accounts and financial data for 2014: $3,060 500 $1,800 Sales revenue Accounts receivable Interest expense Total operating expenses Accounts payable 126 Cost of goods sold Preferred stock dividends Tax rate Number of shares of common stocks outstanding 600 40% 1,000 The firm's earnings available to common shareholders for 2014 is Select one: a. -$224.25 O b. $516.60 O c. $302.40 O d. $195.40
Use the data from below. For the most recent year (2014)
calculate the following ratios.
Current ratio
Inventory turnover
Rate of return on total assets
Accounts receivable turnover (assume all sales are on
account)
Debt ratio.
Data:
Additional information:
There were no write-offs of delinquent accounts during the
year.
A building was sold during the year for $120.
P.S: Explain calculations too please!
Nroklesah Company Comparative Balance Sheets and Income Statement For the Years 2013 and 2014 BALANCE SHEETS Assets...
ructions ected transactions completed by Canyon Ferry Boating Corporation during the current fiscal year are as follows: Jan. 8. Split the common stock 2 for 1 and reduced the par from $80 to $40 per share. After the split, there were 157,000 common shares outstanding. Apr. Declared semiannual dividends of $0.65 on 19,000 shares of preferred stock and $0.24 on the common 30 stock payable on July 1. Paid the cash dividends. Jul. Oct Declared semiannual dividends of $0.65 on...
Current Attempt in Progress At June 30, 2022. the end of its most recent fiscal year, Grouper Computer Consultants post-closing trial balance was as follows: Debit Credit $4.500 1.030 Accounts receivable Supplies 590 Accounts payable $340 Unearned service revenue 960 Common stock 3,100 Retained earnings 1.720 56,120 $6,120 The company underwent a major expansion in July. New staff was hired and more financing was obtained. Grouper conducted the following transactions during July 2022. and adjusts its accounts monthly July 1...
Orca Industries Below are the two most recent balance sheets and most recent income statement for Orca Industries. The company has an effective tax rate of 35%. Balance Sheet 2011 2010 Assets: Cash Accounts Receivable (net) Inventory Long-lived assets Less:Accumulated depreciation Total assets $10,000 6,000 8,000 12,000 (4.000) $32.000 $6,000 1,500 10,000 11.000 (2.000) $26.500 Liabilities and Stockholders' Equity: Accounts payable Deferred revenues Long-term note payable Less: Discount on note payable Common stock Retained earnings Total liabilities and stockholders' equity...
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