Construct a 2013 P&L for a company with the following data and calculate eps: (NOTE: eps...
Construct a 2013 P&L for a company with the following data and calculate eps: (NOTE: eps is NIAT “available to common shareholders” divided by share quantity.
Retained Earnings 12/31/12 $1,250,000
Retained earnings 12/31/13 1,600,000
A/R 12/31/13 1,250,000 (60 days DSO)
Inventory 12/31/13 1,500,000 (4 months-on-hand)
A/P 12/31/13 562,500 (45 days)
Net Profit Margin 10%
Tax Rate 30%
Preferred Dividend 2013 $100,000
Common Dividend $300,000
Common Stock 325,000 shares
Complete all line items:
Sales
COGS
Gross Profit (GP)
GP%
Expenses
NIBT
Tax
NIAT
EPS
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Construct a 2013 P&L for a
company with the following data and calculate eps: (NOTE: eps...
Problem 12.6B At the beginning of 2013, Greene Limited showed the following amounts in the shareholders...
Problem 12.6B At the beginning of 2013, Greene Limited showed the following amounts in the shareholders equity section of its statement of financial position: Red Tre: L06 Shareholders equity: Share capital, $1 par value, 1,000,000 shares authorized, 560,000 issued and outstanding... Share premium: share capital. Total issued and paid capital. Retained earnings........... . Total shareholders equity.. $ 560,000 4,480,000 $5,040,000 3.000.000 $8,040,000 The transactions relating to shareholders equity during the year are as follows: 5 Jan. Declared a dividend of...
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35-40 Annual Income Statements 2013 Sales 500,000 COGS ????...
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35-40 Annual Income Statements 2013 Sales 500,000 COGS ???? Gross profit 380,000 Oper. exp 225,000 Depreciation 15,000 Operating profit 140,000 Interest exp. 5,000 EBT 135,000 Taxes 50,000 Net Income 85,000 2014 560,000 149,350 410,650 250,100 15,000 145,550 5,000 140,550 56,000 84,550 2014 Cash Accounts rec Inventories Current Assets Net fixed assets Total Assets Annual Balance Sheets 2013 450,000 275,000 280.000 1,005,000 1.125.000 2,130,000 478,500 250,000 325,000 1,053,500 ??? 2,293,500 Notes payable Accounts payable...
At the beginning of 2013, Greene Limited showed the following amounts in equity section of its...
At the beginning of 2013, Greene Limited showed the following amounts in equity section of its statement of financial position: problem 12.6B probleholders' equity section of 2013. Green owing amounts in Red Shareholders' equity: Tre ar value. 1,000,000 shares authorized, sutstanding ..... . .......... LOG Share capital, si 30.000 issued and outstanding * Share premium: share capital Total issued and paid capital Retained earnings Total shareholders' equity ... $ 560,000 4.480.000 $5,040,000 3.000.000 $8,040,000 relating to shareholders' equity during the...
Analyzing and Interpreting Stockholders’ Equity and EPS Following is the stockholders’ equity section of the balance...
Analyzing and Interpreting Stockholders’ Equity and EPS Following is the stockholders’ equity section of the balance sheet for The Procter & Gamble Company along with selected earnings and dividend data. For simplicity, balances for noncontrolling interests have been left out of income and shareholders' equity information. $ millions except per share amounts 2014 2013 Net earnings attributable to Procter & Gamble shareholders $10,956 $11,797 Common dividends 5,883 5,534 Preferred dividends 256 233 Basic net earnings per common share $3.82 $4.12...
2 Problems. Show All Work. (10 Points Each) 1. The following is the December 31, 1995...
2 Problems. Show All Work. (10 Points Each) 1. The following is the December 31, 1995 balance sheet for the Epics Corporation. Assets Liabilities Cash $70,000 Accounts Receivable 150,000 Inventory 280,000 Total Current Assets $ 500,000 Accounts Payable$100,000 Notes Payable 120,000 Bonds Payable 300,000 Total Liabilities $520,000 Plant and Equipment $1,250,000 Equity Less: Accum. Deprec. 250,000 Common Stock 300,000 Net plant and Equipment$1,000,000 Paid In Capital 200,000 Retained Earnings 480.000 Total Assets $1,500,000 Total Equity $980,000 Total Liab. & Equity$1,500,000...
10) P Company purchased 90% of the outstanding common stock of S Company on January 1,...
10) P Company purchased 90% of the outstanding common stock of S Company on January 1, 2013 . S Company’s stockholders’ equity at various dates was: 1/1/13 1/1/17 12/31/17 Common stock $400,000 $400,000 $400,000 Retained earnings 120,000 380,000 460,000 Total $520,000 $780,000 $860,000 The workpaper entry to establish reciprocity under the cost method in the preparation of a consolidated statements workpaper on December 31, 2017 should include a credit to P Company’s retained earnings of: a) $80,000. b) $234,000. c)...
2. Consider the following data on the company Thor. SPS = Sales per share 5.70 EPS...
2. Consider the following data on the company Thor. SPS = Sales per share 5.70 EPS = Earnings per share 2.75 DPS = Dividends per share 1.25 (this is last year dividend or D0 ) BV = Book value per share 5.10 NPM = Net profit margin 7.2% ROE = Return on equity 18.5% MP = Market price per share 26.29 Normal growth in EPS of 3.5%. Super growth rate of 8.5% for 12 years. 2A. Calculate Current Price to...
Required: a. Using the financial statements, compute the following ratios for Flowers Co. for 2019. Show...
Required:
a. Using the financial statements, compute the following ratios
for Flowers Co. for 2019. Show all computations.
(4
marks)
1. Current
ratio.
2. Acid-test ratio.
3. Accounts receivable
turnover.
4. Inventory turnover.
5. Profit
margin.
6. Return on assets.
7. Assets
turnover.
8. Times interest earned.
9. Working capital.
10. Debt to assets ratio.
The financial statements of Flowers Co. appear below: Flowers Co. Comparative Balance Sheets December 31, 2018 - 2019 Assets Caela Short-term investments Accounts receivable...
Calculate Shares Outstanding in Steps . COGS = $1,561,125 Note: Problems 1-4 relate to the trial...
Calculate Shares Outstanding in Steps .
COGS = $1,561,125
Note: Problems 1-4 relate to the trial balance below. Marcell Sports Inc. Acct 311 - Quiz 3 of 6 - Trial Balance Credit Debit 140,000 475,000 $ 28,225 50,000 17,000 365,000 1,385,000 265,000 1,500,000 550,000 1,325,000 Cash Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Supplies Inventory, 1/1/17 Equipment Accumulated Deperciation - Equipment Building Accumulated Deperciation - Building Land Accounts Payable Salaries and Wages Payable Notes Payable Mortgage Payable Common Stock,...
Calculate the following ratios for 2013 and show the steps involved: a) Inventory turnover ratio b)...
Calculate the following ratios for 2013 and show the steps
involved:
a) Inventory turnover ratio
b) average days in inventory
c) receivables turnover ratio
d) average collection period
e) asset turnover ratio
f) profit margin on sales
g) return on assets
h) return on shareholders equity
i) equity multiplier
j) return on shareholders equity using the Du Port framework
Note: See attached balance sheet and income statement below as
reference
Statement of financial position at 31 December 2013 Consolidated Notes...
Problem 12.6B At the beginning of 2013, Greene Limited showed the following amounts in the shareholders equity section of its statement of financial position: Red Tre: L06 Shareholders equity: Share capital, $1 par value, 1,000,000 shares authorized, 560,000 issued and outstanding... Share premium: share capital. Total issued and paid capital. Retained earnings........... . Total shareholders equity.. $ 560,000 4,480,000 $5,040,000 3.000.000 $8,040,000 The transactions relating to shareholders equity during the year are as follows: 5 Jan. Declared a dividend of...
USE THE FOLLOWING DATA TO ANSWER QUESTIONS 35-40 Annual Income Statements 2013 Sales 500,000 COGS ???? Gross profit 380,000 Oper. exp 225,000 Depreciation 15,000 Operating profit 140,000 Interest exp. 5,000 EBT 135,000 Taxes 50,000 Net Income 85,000 2014 560,000 149,350 410,650 250,100 15,000 145,550 5,000 140,550 56,000 84,550 2014 Cash Accounts rec Inventories Current Assets Net fixed assets Total Assets Annual Balance Sheets 2013 450,000 275,000 280.000 1,005,000 1.125.000 2,130,000 478,500 250,000 325,000 1,053,500 ??? 2,293,500 Notes payable Accounts payable...
At the beginning of 2013, Greene Limited showed the following amounts in equity section of its statement of financial position: problem 12.6B probleholders' equity section of 2013. Green owing amounts in Red Shareholders' equity: Tre ar value. 1,000,000 shares authorized, sutstanding ..... . .......... LOG Share capital, si 30.000 issued and outstanding * Share premium: share capital Total issued and paid capital Retained earnings Total shareholders' equity ... $ 560,000 4.480.000 $5,040,000 3.000.000 $8,040,000 relating to shareholders' equity during the...
2 Problems. Show All Work. (10 Points Each) 1. The following is the December 31, 1995 balance sheet for the Epics Corporation. Assets Liabilities Cash $70,000 Accounts Receivable 150,000 Inventory 280,000 Total Current Assets $ 500,000 Accounts Payable$100,000 Notes Payable 120,000 Bonds Payable 300,000 Total Liabilities $520,000 Plant and Equipment $1,250,000 Equity Less: Accum. Deprec. 250,000 Common Stock 300,000 Net plant and Equipment$1,000,000 Paid In Capital 200,000 Retained Earnings 480.000 Total Assets $1,500,000 Total Equity $980,000 Total Liab. & Equity$1,500,000...
Required:
a. Using the financial statements, compute the following ratios
for Flowers Co. for 2019. Show all computations.
(4
marks)
1. Current
ratio.
2. Acid-test ratio.
3. Accounts receivable
turnover.
4. Inventory turnover.
5. Profit
margin.
6. Return on assets.
7. Assets
turnover.
8. Times interest earned.
9. Working capital.
10. Debt to assets ratio.
The financial statements of Flowers Co. appear below: Flowers Co. Comparative Balance Sheets December 31, 2018 - 2019 Assets Caela Short-term investments Accounts receivable...
Calculate Shares Outstanding in Steps .
COGS = $1,561,125
Note: Problems 1-4 relate to the trial balance below. Marcell Sports Inc. Acct 311 - Quiz 3 of 6 - Trial Balance Credit Debit 140,000 475,000 $ 28,225 50,000 17,000 365,000 1,385,000 265,000 1,500,000 550,000 1,325,000 Cash Accounts Receivable Allowance for Doubtful Accounts Notes Receivable Supplies Inventory, 1/1/17 Equipment Accumulated Deperciation - Equipment Building Accumulated Deperciation - Building Land Accounts Payable Salaries and Wages Payable Notes Payable Mortgage Payable Common Stock,...
Calculate the following ratios for 2013 and show the steps
involved:
a) Inventory turnover ratio
b) average days in inventory
c) receivables turnover ratio
d) average collection period
e) asset turnover ratio
f) profit margin on sales
g) return on assets
h) return on shareholders equity
i) equity multiplier
j) return on shareholders equity using the Du Port framework
Note: See attached balance sheet and income statement below as
reference
Statement of financial position at 31 December 2013 Consolidated Notes...
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