how do you do this?? any explanation on how to solve would also
be appreciated :) Thank you!
Homework Answers
| i | ||
| Total Current assets | 505050 | |
| Less: Total Current Liabilities | 213050 | |
| Working capital | 292000 | |
| ii | ||
| Total Current assets | 505050 | |
| Divide by Total Current Liabilities | 213050 | |
| Working capital | 2.37 | :1 |
| iii | ||
| Net cash provided by operating activities | 207300 | |
| Less: Capital expenditures | -109800 | |
| Less: Dividends paid | -32050 | |
| Free Cash flow | 65450 | |
| iv | ||
| Total liabilities | 423350 | |
| Divide by Total Assets | 1098150 | |
| Debt to Assets ratio | 38.6% | |
| v | ||
| Net income | 120250 | |
| Divide by Shares outstanding | 50000 | |
| Earnings per share | 2.41 |
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how do you do this?? any explanation on how to solve would also be appreciated :)...
The following are financial statements of Vaughn Manufacturing. Vaughn Manufacturing Income Statement For the Year Ended...
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’...
I need answer for B 80 2 A Further Look at Financial Statements (a) Comment on...
I need answer for B
80 2 A Further Look at Financial Statements (a) Comment on the relative profitability of the companies by computing the net income (b) Comment on the relative liquidity of the companies by computing working capital and (c) Comment on the relative solvency of the companies by computing the debt to assets and earnings per share for each company for 2017 the current ratio for each c ratio and the free cash flow for each company...
The following are financial statements of Ohara Company
The following are financial statements of Ohara Company. OHARA COMPANY Income Statement For the Year Ended December 31, 2017 Net sales $2,218,500 Cost of goods sold 1,012,400 Selling and administrative expenses 906,000 Interest expense 78,000 Income tax expense 69,000 Net income $ 153,100 $ 60,100 84,000 169,800 145,000 458,900 575,300 $1,034,200 OHARA COMPANY Balance Sheet December 31, 2017 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,896,440 $1,756,400 1,011,900 744,500 484,900 259,600 1,064,440 832,000 505,900 326,100 Interest expense Income before income taxes Income tax expense Net income 24,100 302,000 94,100 $207,900 22,100 237,500 75,100 $162,400 BLOSSOM COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable Inventory 60,100 64,200...
Oriole Company has $1,110,000 in assets and $1,110,000 in stockholders' equity, with 43,600 share...
Oriole Company has $1,110,000 in assets and $1,110,000 in stockholders' equity, with 43,600 shares outstanding the entire year. It has a return on assets of 10%. During 2016, it had net income of $111,000. On January 1, 2017, it issued $409,000 in debt at 4% and immediately repurchased 21,800 shares for $409,000. Management expected that, had it not issued the debt, it would have had net income of $111,000 in 2017. Determine the company's net income and earnings per share...
thank you! LI. MIUI Question 1 View Policies Current Attempt in Progress The comparative statements of...
thank you!
LI. MIUI Question 1 View Policies Current Attempt in Progress The comparative statements of Cullumber Company are presented here CULLUMBER COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit $1,891,640 $1,751,600 1,059,640 1,007,100 832,000 744.500 501,100 _480,100 330,900 264,400 Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes 23.700_21.700 307.200 242,700 93.700 74.700 $ 213.500 $168.000 Income tax expense Net...
Ivanhoe Company Income Statement For the Year Ended December 31, 2022 Net sales Cost of goods...
Ivanhoe Company Income Statement For the Year Ended December 31, 2022 Net sales Cost of goods sold Selling and administrative expenses Interest expense Income tax expense Net income $2,221,500 1,020,000 903,500 75,000 72,000 $ 151,000 Ivanhoe Company Balance Sheet December 31, 2022 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 60,300 83,000 169,900 266,500 579,700 571,500 $ 1,151,200 $ 151,000 acy...
Condensed balance sheet and income statement data for Marigold Corp. are presented as follows. Marigold Corp....
Condensed balance sheet and income statement data for Marigold Corp. are presented as follows. Marigold Corp. Balance Sheets December 31 Assets 2017 2016 Cash $ 30,210 $ 22,210 Receivables (net) 82,900 74,900 Other current assets 102,900 85,900 Long-term investments 62,000 60,000 Property, plant, and equipment (net) 522,900 482,900 Total assets $ 800,910 725,910 Liabilities and Stockholders’ Equity Current liabilities $ 77,210 $ 72,210 Long-term liabilities 92,900 102,900 Common stock 342,900 312,900 Retained earnings 287,900 237,900 Total liabilities and stockholders’ equity...
need help with A AND H Problem 14-2A Your answer is partially correct. Try again The...
need help with A AND H
Problem 14-2A Your answer is partially correct. Try again The comparative statements of Painter Tool Company are presented below PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,753,100 978,000 775,100 480,800 294,300 $1,817,500 1,008,600 808,900 519,200 289,700 14,100 280,200 78,000 $ 202,200 18,900 270,800 80,600 $ 190,200 Interest expense Income...
Presented below is the adjusted trial balance of Tamarisk, Inc. at December 31, 2017. Prepare a...
Presented below is the adjusted trial balance of Tamarisk, Inc.
at December 31, 2017.
Prepare a classified balance sheet as of December 31, 2017.
We were unable to transcribe this imageTamarisk, Inc. Balance Sheet December 31, 2017 Assets Current Assets Cash $ Accounts Receivable Supplies Prepaid Insurance Total Current Assets $ Equipment Less Accumulated Depreciation-Equipment Trademarks Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Salaries and Wages Payable Unearned Service Revenue Total Current Liabilities Long-term Liabilities Bonds Payable...
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’...
I need answer for B
80 2 A Further Look at Financial Statements (a) Comment on the relative profitability of the companies by computing the net income (b) Comment on the relative liquidity of the companies by computing working capital and (c) Comment on the relative solvency of the companies by computing the debt to assets and earnings per share for each company for 2017 the current ratio for each c ratio and the free cash flow for each company...
The following are financial statements of Ohara Company. OHARA COMPANY Income Statement For the Year Ended December 31, 2017 Net sales $2,218,500 Cost of goods sold 1,012,400 Selling and administrative expenses 906,000 Interest expense 78,000 Income tax expense 69,000 Net income $ 153,100 $ 60,100 84,000 169,800 145,000 458,900 575,300 $1,034,200 OHARA COMPANY Balance Sheet December 31, 2017 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Income taxes payable Total...
BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,896,440 $1,756,400 1,011,900 744,500 484,900 259,600 1,064,440 832,000 505,900 326,100 Interest expense Income before income taxes Income tax expense Net income 24,100 302,000 94,100 $207,900 22,100 237,500 75,100 $162,400 BLOSSOM COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash Debt investments (short-term) Accounts receivable Inventory 60,100 64,200...
Oriole Company has $1,110,000 in assets and $1,110,000 in stockholders' equity, with 43,600 shares outstanding the entire year. It has a return on assets of 10%. During 2016, it had net income of $111,000. On January 1, 2017, it issued $409,000 in debt at 4% and immediately repurchased 21,800 shares for $409,000. Management expected that, had it not issued the debt, it would have had net income of $111,000 in 2017. Determine the company's net income and earnings per share...
thank you!
LI. MIUI Question 1 View Policies Current Attempt in Progress The comparative statements of Cullumber Company are presented here CULLUMBER COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit $1,891,640 $1,751,600 1,059,640 1,007,100 832,000 744.500 501,100 _480,100 330,900 264,400 Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes 23.700_21.700 307.200 242,700 93.700 74.700 $ 213.500 $168.000 Income tax expense Net...
Ivanhoe Company Income Statement For the Year Ended December 31, 2022 Net sales Cost of goods sold Selling and administrative expenses Interest expense Income tax expense Net income $2,221,500 1,020,000 903,500 75,000 72,000 $ 151,000 Ivanhoe Company Balance Sheet December 31, 2022 Assets Current assets Cash Debt investments Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 60,300 83,000 169,900 266,500 579,700 571,500 $ 1,151,200 $ 151,000 acy...
need help with A AND H
Problem 14-2A Your answer is partially correct. Try again The comparative statements of Painter Tool Company are presented below PAINTER TOOL COMPANY Income Statement For the Years Ended December 31 2017 2016 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses $1,753,100 978,000 775,100 480,800 294,300 $1,817,500 1,008,600 808,900 519,200 289,700 14,100 280,200 78,000 $ 202,200 18,900 270,800 80,600 $ 190,200 Interest expense Income...
Presented below is the adjusted trial balance of Tamarisk, Inc.
at December 31, 2017.
Prepare a classified balance sheet as of December 31, 2017.
We were unable to transcribe this imageTamarisk, Inc. Balance Sheet December 31, 2017 Assets Current Assets Cash $ Accounts Receivable Supplies Prepaid Insurance Total Current Assets $ Equipment Less Accumulated Depreciation-Equipment Trademarks Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Salaries and Wages Payable Unearned Service Revenue Total Current Liabilities Long-term Liabilities Bonds Payable...
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