Homework Answers
a. Working Capital in 2015 =(Current Assets -Current
Liabilities) =461000-302000 =159000
b. Current Ratio =Current Assets/Current Liabilities=461000/302000
=1.53
c. Quick Ratio =(Current Assets-Inventories)/Current
Liabilities=(461000-180000)/302000 =0.93
d.Account Receivable Turnover =Sales/Account Receivable
=240000/112000 =2.14
e. Average days to collect accounts receivable =365/Account
Receivable Turnover =365/(240000/112000) =170.33
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utstanding u share; 2013, 548 per share) Nel Nel a problem 13-23 The following 13-23B Ratio...
1. 2. Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the...
1.
2.
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $10 par value (no change $1,400,000 during the year) Preferred $10 stock, $200 par (no change 4.000.000 during the year) The net income was $452,000 and the declared dividends on the common stock were $35,000 for the current year. The market price of the common stock is $14.40 per...
Six Measures of Solvency or Profitability The following data were taken from the financial statements of...
Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year. $1,742,000 Property, plant, and equipment (net) Liabilities: Current liabilities $173,000 871,000 Note payable, 6%, due in 15 years $1,044,000 $783,000 783,000 Total liabilities Stockholders' equity: Preferred 54 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends $1,147,000 5836,000 311,000...
Dividends per Share The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars,...
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Please answer Problem 13-18A LO 13-1 Problem 13-17A Horizontal analysis Financial statements for Allendale Company follow....
Please answer Problem 13-18A
LO 13-1 Problem 13-17A Horizontal analysis Financial statements for Allendale Company follow. CHECK FIGURES Total assets: +11.1% Total liabilities: +14.4% ALL ENDALE COMPANY Balance Sheets As of December 31 Year 4 Year 3 $ 40,000 20,000 54,000 135,000 25,000 274,000 27.000 270.000 29,000 $600,000 $ 36,000 6,000 46,000 143,000 10,000 241,000 20,000 255,000 24.000 $540,000 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net Land Total assets...
12. Raphael Corporation’s common stock is currently selling on a stock exchange at $171 per share,...
12. Raphael Corporation’s common stock is currently selling on a stock exchange at $171 per share, and its current balance sheet shows the following stockholders’ equity section: Preferred stock—5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 80,000 Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding 100,000 Retained earnings 320,000 Total stockholders' equity $ 500,000 Problem 13-5A Part 4 4. If two years’ preferred dividends are in arrears, what is the book value per share...
Chapter 13 Homework Stockholders' Equity Section of Balance Sheet Below is the stockholders' Equity section of...
Chapter 13 Homework Stockholders' Equity Section of Balance Sheet Below is the stockholders' Equity section of the balance sheet prepared as of the end of the current year $10,000,000 500,000 Stockholders' Equity Pald-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Retained earnings Treasury stock (75,000 shares at cost) Dividends payable Total paid-in capital Common stock, 520 par (1,000,000 shares authorized, 825,000 shares issued) Organizing costs Total stockholders' equity Prepare a...
Current Ratio The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except...
Current Ratio The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.) 2016 Sales revenue $210,000 Cost of goods sold 125,000 Net income 8,300 Dividends 2,600 Earnings per share 4.15 Hi-Tech Instruments, Inc. Balance Sheet (Thousands of Dollars) Dec. 31, 2016 Dec. 31, 2015 Assets Cash 14,300 $18,000 Accounts receivable (net) 42,000 41,000 Inventory 39,500 43,700 Total current assets 95,800 102,700 Plant assets (net) 52,600 50,500 Other assets 15,600 13,800 Total assets 164,000...
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity...
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Additional Paid-in Capital Paid-in Capital Capital Stock Total Capital Stock Total Paid-in Capital Total Stockholders' Equity Total Additional Paid-in Capital Total Paid-in Capital and Retained Earnings Ayayai Corp. has issued 90,000 shares of $4 par...
Seven metrics The following data were taken from the financial statements of Woodwork Enterprises Inc. for...
Seven metrics The following data were taken from the financial statements of Woodwork Enterprises Inc. for the current fiscal year. Assuming that there are no intangible assets. Property, plant, and equipment (net) $1,236,800 Liabilities: Current liabilities $154,000 Mortgage note payable, 10%, ten-year note issued two years ago 773,000 Total liabilities $927,000 Stockholders' equity: Preferred $4 stock, $100 par (no change during year) $556,200 Common stock, $10 par (no change during year) 556,200 Retained earnings: Balance, beginning of year $594,000 Net...
The chart is for the 3rd question. Dividends Per Share Seacrest Company has 20,000 shares of...
The chart is for the 3rd question.
Dividends Per Share Seacrest Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $150,000 Year 2 30,000 Year 3 180,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'o'. Year 1 Year 2 Year 3 Preferred...
1.
2.
Earnings per Share, Price-Earnings Ratio, Dividend Yield The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $10 par value (no change $1,400,000 during the year) Preferred $10 stock, $200 par (no change 4.000.000 during the year) The net income was $452,000 and the declared dividends on the common stock were $35,000 for the current year. The market price of the common stock is $14.40 per...
Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year. $1,742,000 Property, plant, and equipment (net) Liabilities: Current liabilities $173,000 871,000 Note payable, 6%, due in 15 years $1,044,000 $783,000 783,000 Total liabilities Stockholders' equity: Preferred 54 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends $1,147,000 5836,000 311,000...
Dividends per Share The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.) 2016 Sales revenue Cost of goods sold Net income Dividends Earnings per share $210,000 125,000 8,800 3,100 4.40 Hi-Tech Instruments, Inc. Balance Sheet (Thousands of Dollars) Dec. 31, 2016 Dec. 31, 2015 Assets Cash $18,300 $18,000 Accounts receivable (net) 46,000 41,000 Inventory 39,500 43,700 Total current assets 103,800 102,700 Plant assets (net) 52,600 50,500 Other assets 15,600 13,800 Total assets...
Please answer Problem 13-18A
LO 13-1 Problem 13-17A Horizontal analysis Financial statements for Allendale Company follow. CHECK FIGURES Total assets: +11.1% Total liabilities: +14.4% ALL ENDALE COMPANY Balance Sheets As of December 31 Year 4 Year 3 $ 40,000 20,000 54,000 135,000 25,000 274,000 27.000 270.000 29,000 $600,000 $ 36,000 6,000 46,000 143,000 10,000 241,000 20,000 255,000 24.000 $540,000 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid items Total current assets Investments Plant (net Land Total assets...
Chapter 13 Homework Stockholders' Equity Section of Balance Sheet Below is the stockholders' Equity section of the balance sheet prepared as of the end of the current year $10,000,000 500,000 Stockholders' Equity Pald-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Retained earnings Treasury stock (75,000 shares at cost) Dividends payable Total paid-in capital Common stock, 520 par (1,000,000 shares authorized, 825,000 shares issued) Organizing costs Total stockholders' equity Prepare a...
Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Property, plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Additional Paid-in Capital Paid-in Capital Capital Stock Total Capital Stock Total Paid-in Capital Total Stockholders' Equity Total Additional Paid-in Capital Total Paid-in Capital and Retained Earnings Ayayai Corp. has issued 90,000 shares of $4 par...
The chart is for the 3rd question.
Dividends Per Share Seacrest Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $150,000 Year 2 30,000 Year 3 180,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'o'. Year 1 Year 2 Year 3 Preferred...
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