Compute the company's debt to assets ratio for 2016 and 2017. (Round answers to 0 decimal places, eg. 15%) 2016 2017 Debt to assets ratio
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Oriole Company has $1,110,000 in assets and $1,110,000 in stockholders' equity, with 43,600 share...
Ivanhoe Company has $1,200,000 in assets and $1,200,000 in stockholders equity, with 42,200 shares outstanding the...
Ivanhoe Company has $1,200,000 in assets and $1,200,000 in
stockholders equity, with 42,200 shares outstanding the entire
year. It has a return on assets of 10%. During 2016, I had net
income of $120,000. On January 1, 2017, it issued $386,000 in debt
at 6% and immediately re-purchased 21,100 shares for $386,000.
Management expected that, had it not issued the debt, it would have
had net income of $120,000 in 2017.
Exercise 11-15 Ivanhoe Company has $1,200,000 in assets and...
Cabo Company has $1,000,000 in assets and $1,000,000 in stockholders’ equity, with 40,000 shares outstanding the...
Cabo Company has $1,000,000 in assets and $1,000,000 in
stockholders’ equity, with 40,000 shares outstanding the entire
year. It has a return on assets of 10%. During 2016, it had net
income of $100,000. On January 1, 2017, it issued $400,000 in debt
at 4% and immediately repurchased 20,000 shares for $400,000.
Management expected that, had it not issued the debt, it would have
had net income of $100,000 in 2017.
Determine the company’s net income and earnings per share...
Ivanhoe Company has $1,200,000 in assets and $1,200,000 in stockholders’ equity, with 42,200 shares outstanding the...
Ivanhoe Company has $1,200,000 in assets and $1,200,000 in
stockholders’ equity, with 42,200 shares outstanding the entire
year. It has a return on assets of 10%. During 2021, it had net
income of $120,000. On January 1, 2022, it issued $386,000 in debt
at 6% and immediately repurchased 21,100 shares for $386,000.
Management expected that, had it not issued the debt, it would have
had net income of $120,000 in 2022. Assume the company pays
dividends on common stock equal...
Crane Company has $1,140,000 in assets and $1,140,000 in stockholders’ equity, with 36,600 shares outstanding the...
Crane Company has $1,140,000 in assets and $1,140,000 in
stockholders’ equity, with 36,600 shares outstanding the entire
year. It has a return on assets of 15%. During 2021, it had net
income of $171,000. On January 1, 2022, it issued $397,000 in debt
at 6% and immediately repurchased 18,300 shares for $397,000.
Management expected that, had it not issued the debt, it would have
had net income of $171,000 in 2022.
Determine the company's net income and earnings per share...
Exercise 11-20 a-c Crane Company has $1,140,000 in assets and $1,140,000 in stockholders’ equity, with 36,600...
Exercise 11-20 a-c
Crane Company has $1,140,000 in assets and $1,140,000 in
stockholders’ equity, with 36,600 shares outstanding the entire
year. It has a return on assets of 15%. During 2021, it had net
income of $171,000. On January 1, 2022, it issued $397,000 in debt
at 6% and immediately repurchased 18,300 shares for $397,000.
Management expected that, had it not issued the debt, it would have
had net income of $171,000 in 2022.
Determine the company’s net income and...
Shown below is the liabilities and stockholders' equity section of the balance sheet for Martinez Company...
Shown below is the liabilities and stockholders' equity section of the balance sheet for Martinez Company and Sandhill Company. Each has assets totaling $4,022,000 Martinez Co. Current liabilities Long-term debt, 10% Common stock ($20 par) Retained earnings (Cash dividends, $232,000) $324,000 1,090,000 1,860,000 748,000 $4,022,000 SandhillCo. Current liabilities Common stock ($20 par) Retained earnings (Cash dividends, $334,000) $194,000 3,080,000 748,000 $4,022,000 For the year, each company has earned the same income before interest and taxes. Income before interest and taxes...
Crane Company has $1,020,000 in assets and $1,020,000 in stockholders’ equity, with 39,000 shares outstanding the...
Crane Company has $1,020,000 in assets and $1,020,000 in stockholders’ equity, with 39,000 shares outstanding the entire year. It has a return on assets of 10%. During 2021, it had net income of $102,000. On January 1, 2022, it issued $370,000 in debt at 6% and immediately repurchased 19,500 shares for $370,000. Management expected that, had it not issued the debt, it would have had net income of $102,000 in 2022. Assume the company pays dividends on common stock equal...
Calculate the payout ratio, earnings per share, and return on common stockholders’ equity. (Round earning per...
Calculate the payout ratio, earnings per share, and return on
common stockholders’ equity. (Round earning per share
to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal
place. 17.5%.)
The stockholders’ equity accounts of Monty Corp. on January 1,
2017, were as follows.
Preferred Stock (6%, $100 par noncumulative, 4,900 shares
authorized)
$294,000
Common Stock ($3 stated value, 335,000 shares authorized)
837,500
Paid-in Capital in Excess of Par Value—Preferred Stock
14,700
Paid-in Capital in Excess of Stated...
Shown below is the liabilities and stockholders' equity section of the balance sheet for Mar mpany...
Shown below is the liabilities and stockholders' equity section of the balance sheet for Mar mpany and Swity Company. Each has assets totaling $4,022,000. $194,000 Marigold Co. Current liabilities Long-term debt, 10% Common stock ($20 par) Retained earnings (Cash dividends, $232,000) $324,000 1,090,000 1,860,000 748,000 $4,022,000 Current liabilities Common stock (520 par) Retained earnings (Cash 3,080,000 334,000) interest For the year, each company has earned the same income before Swifty Co. $1,180,000 Income before interest and taxes Interest expense Marigold...
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....
Ivanhoe Company has $1,200,000 in assets and $1,200,000 in
stockholders equity, with 42,200 shares outstanding the entire
year. It has a return on assets of 10%. During 2016, I had net
income of $120,000. On January 1, 2017, it issued $386,000 in debt
at 6% and immediately re-purchased 21,100 shares for $386,000.
Management expected that, had it not issued the debt, it would have
had net income of $120,000 in 2017.
Exercise 11-15 Ivanhoe Company has $1,200,000 in assets and...
Cabo Company has $1,000,000 in assets and $1,000,000 in
stockholders’ equity, with 40,000 shares outstanding the entire
year. It has a return on assets of 10%. During 2016, it had net
income of $100,000. On January 1, 2017, it issued $400,000 in debt
at 4% and immediately repurchased 20,000 shares for $400,000.
Management expected that, had it not issued the debt, it would have
had net income of $100,000 in 2017.
Determine the company’s net income and earnings per share...
Ivanhoe Company has $1,200,000 in assets and $1,200,000 in
stockholders’ equity, with 42,200 shares outstanding the entire
year. It has a return on assets of 10%. During 2021, it had net
income of $120,000. On January 1, 2022, it issued $386,000 in debt
at 6% and immediately repurchased 21,100 shares for $386,000.
Management expected that, had it not issued the debt, it would have
had net income of $120,000 in 2022. Assume the company pays
dividends on common stock equal...
Crane Company has $1,140,000 in assets and $1,140,000 in
stockholders’ equity, with 36,600 shares outstanding the entire
year. It has a return on assets of 15%. During 2021, it had net
income of $171,000. On January 1, 2022, it issued $397,000 in debt
at 6% and immediately repurchased 18,300 shares for $397,000.
Management expected that, had it not issued the debt, it would have
had net income of $171,000 in 2022.
Determine the company's net income and earnings per share...
Exercise 11-20 a-c
Crane Company has $1,140,000 in assets and $1,140,000 in
stockholders’ equity, with 36,600 shares outstanding the entire
year. It has a return on assets of 15%. During 2021, it had net
income of $171,000. On January 1, 2022, it issued $397,000 in debt
at 6% and immediately repurchased 18,300 shares for $397,000.
Management expected that, had it not issued the debt, it would have
had net income of $171,000 in 2022.
Determine the company’s net income and...
Shown below is the liabilities and stockholders' equity section of the balance sheet for Martinez Company and Sandhill Company. Each has assets totaling $4,022,000 Martinez Co. Current liabilities Long-term debt, 10% Common stock ($20 par) Retained earnings (Cash dividends, $232,000) $324,000 1,090,000 1,860,000 748,000 $4,022,000 SandhillCo. Current liabilities Common stock ($20 par) Retained earnings (Cash dividends, $334,000) $194,000 3,080,000 748,000 $4,022,000 For the year, each company has earned the same income before interest and taxes. Income before interest and taxes...
Calculate the payout ratio, earnings per share, and return on
common stockholders’ equity. (Round earning per share
to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal
place. 17.5%.)
The stockholders’ equity accounts of Monty Corp. on January 1,
2017, were as follows.
Preferred Stock (6%, $100 par noncumulative, 4,900 shares
authorized)
$294,000
Common Stock ($3 stated value, 335,000 shares authorized)
837,500
Paid-in Capital in Excess of Par Value—Preferred Stock
14,700
Paid-in Capital in Excess of Stated...
Shown below is the liabilities and stockholders' equity section of the balance sheet for Mar mpany and Swity Company. Each has assets totaling $4,022,000. $194,000 Marigold Co. Current liabilities Long-term debt, 10% Common stock ($20 par) Retained earnings (Cash dividends, $232,000) $324,000 1,090,000 1,860,000 748,000 $4,022,000 Current liabilities Common stock (520 par) Retained earnings (Cash 3,080,000 334,000) interest For the year, each company has earned the same income before Swifty Co. $1,180,000 Income before interest and taxes Interest expense Marigold...
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....
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