Return on Common Stockholder's equity = Net income/Average common Stockholder's equity
Average common Stockholder's equity = (290000+300000+313400+165400/2) = 534400
Return on Common Stockholder's equity = 209700/534400 = 39.24%
Question 5 The comparative statements of Cullumber Company are presented here. CULLUMBER COMPANY ncome StatementS For...
Problem 13-02A (Video) The comparative statements of Carla Vista Co. are presented here: All sales were on account. Net cash provided by operating activities for 2020 was $251,000. Capital expenditures were $135,000, and cash dividends were $59,000. Compute the following ratios for 2020. (Round free cash flow to o decimal places, e.g. 5,275 and all other answers to 2 decimal places, e.g. 1.83 or 1.83%. Use 365 days for calculation.) (a) Earnings per share 2019 $1,757,500 1,013,000 744,500 486,000 258,500...
Problem 13-02A The comparative statements of Cullumber Company are presented here. CULLUMBER COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,586,400 $1,470,000 Cost of goods sold 887,000 845,040 Gross profit 699,400 624,960 Selling and administrative expenses 420,000 402,360 Income from operations 279,400 222,600 Other expenses and losses Interest expense 18,480 16,800 Income before income taxes 260,920 205,800 Income tax expense 78,276 61,740 Net income $ 182,644 $ 144,060 CULLUMBER COMPANY Balance Sheets December 31 Assets...
Problem 13-02A (Video) The comparative statements of Carla Vista Co. are presented here: Carla Vista Co. Income Statements For the Years Ended December 31 2020 Net sales $1,897,540 Cost of goods sold 1,065,540 Gross profit 832,000 Selling and administrative expenses 507,000 Income from operations 325,000 Other expenses and losses Interest expense 24,000 Income before income taxes 301,000 Income tax expense 94,000 Net income $207,000 2019 $1,757,500 1,013,000 744,500 486,000 258,500 22,000 236,500 75,000 $161,500 2020 2019 Carla Vista Co. Balance...
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 Selling and administrative expenses Income from operations Other expenses and losses $1,891,640 $1,751,600 1.059.6401,007,100 744,500 480,100 832,000 501,100 330,900264-400 Interest expense Income before income taxes Income tax expense Net income 21,700 242,700 74,700 213,500 $ 168,000 23,700 307,200 93,700 CULLUMBER COMPANY Balance Sheets December 31 Assets 2017 2016 Current assets Cash...
ES Problem 13-2A The comparative statements of Cullumber Company are presented here. CULLUMBER COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales $1,891,640 $1,751,600 1,007,100 744,500 480,100 330,900 264,400 Cost of goods sold 1,059,640 yGross profit 832,000 501,100460 Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income 23,700 307,200 93,700 s 213,500 21,700 242,700 74,700 $168,00o CULLUMBER COMPANY Balance Sheets Assets 2017 2016...
The comparative statements of Sheridan Company are presented here. SHERIDAN COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales $1,899,640 $1,759,600 Cost of goods sold 1,067,640 1,015,100 Gross profit 832,000 744,500 Selling and administrative expenses 509,100 488,100 Income from operations 322,900 256,400 Other expenses and losses Interest expense 24,100 22,100 Income before income taxes 298,800 234,300 Income tax expense 94,100 75,100 Net income $ 204,700 $ 159,200 SHERIDAN COMPANY Balance Sheets December 31 Assets 2017 2016...
Problem 13-2A The comparative statements of Blossom Company are presented here. BLOSSOM COMPANY Income Statements For the Years Ended December 31 2017 2016 Net sales $1,893,340 $1,753,300 Cost of goods sold 1,061,340 1,008,800 Gross profit 832,000 744,500 Selling and administrative expenses 502,800 481,800 Income from operations 329,200 262,700 Other expenses and losses Interest expense 23,700 21,700 Income before income taxes 305,500 241,000 Income tax expense 93,700 74,700 Net income $ 211,800 $ 166,300 BLOSSOM COMPANY Balance Sheets December 31 Assets...
The comparative statements of Pharoah Company are presented here: PHAROAH COMPANY Income Statements For the Years Ended December 31 2018 2019 Net sales $1,898,740 $1,758,700 Cost of goods sold 1,066,740 1,014,200 Gross profit 832,000 744,500 Selling and administrative expenses 508,200 487,200 Income from operations 323,800 257,300 Other expenses and losses Interest expense 23,400 21,400 Income before income taxes 300,400 235,900 93,400 Income tax expense 74,400 $207,000 $161,500 Net income PHAROAH COMPANY Balance Sheets December 31 2018 2019 Assets Current assets...
The comparative statements of Sheridan Company are presented here. SHERIDAN COMPANY Income Statements For the Years Ended December 31 2022 2021 Net sales $1,734,400 $1,610,000 Cost of goods sold 967,000 925,520 Gross profit 767,400 684,480 Selling and administrative expenses 460,000 440,680 Income from operations 307,400 243,800 Other expenses and losses Interest expense 20,240 18,400 Income before income taxes 287,160 225,400 Income tax expense 86,148 67,620 Net income $ 201,012 $ 157,780 SHERIDAN COMPANY Balance Sheets December 31 Assets 2022 2021...
The comparative statements of Carla Vista Co. are presented here. CARLA VISTA CO. Income Statements For the Years Ended December 31 2017 2016 Net sales $1,898,540 $1,758,500 Cost of goods sold 1,066,540 1,014,000 Gross profit 832,000 744,500 Selling and administrative expenses 508,000 324,000 487,000 257,500 Income from operations Other expenses and losses Interest expense 23,700 21,700 Income before income taxes Income tax expense 300,300 93,700 $ 206,600 235,800 74,700 $ 161,100 Net income CARLA VISTA CO. Balance Sheets December 31...