Assume the following is the stockholders' equity section from Altria's 2016 balance sheet. December 31 ($ millions) 2016 $ 935 Common stock, par value $0.33 1/3 per share (2,805,961,317 shares issued).... Additional paid-in capital. Earnings reinvested in the business Accumulated other comprehensive losses (including currency translation of $1,317 in 2016). 6,061 54,666 Cost of repurchased stock (721,696,918 shares in 2016), Total stockholders' equity.. (1,853) (24.102) $35,707 At what average price has Altria issued its common stock? a. $ 2.49 b. $ 0.33 c. $12.73 d. $33.40
Q: The 2017 income statement of Marin Company showed net income of $555,200 and a gain from…
A: Income from continuing operations = Net income - gain from discontinued operations = $555,200-46400…
Q: Additional information: • Weighted-average ordinary shares in 2017 were $60,000 QUESTIONS Based on…
A: Current Ratio: Formula: Current ratio = Current Assets / Current Liabilities = (Inventory + Accounts…
Q: On its recent balance sheet, Apple lists its plant assets as “Property, plant and equipment, net.”…
A: Property, plant, and equipment: These are defined as the physical tangible assets of the business…
Q: Following is the 2016 stockholders' equity section from the Cisco Systems Inc. balance sheet.…
A: Additional paid-in capital: It is the difference between the par value of share and the rate that…
Q: Assume the following is the stockholders' equity section of the 2016 balance sheet for Procter &…
A: The question requires determining the number of common stock issued for conversion of preferred…
Q: Cariyon Company listed the following items in its December 31, 2015, financial statements:…
A: Date Account Titles Debit Credit 02-Feb-16 Dividends Payable: Preferred $4,000.00 Dividends…
Q: How much is the combined total assets at the end of 2017?
A: Combined total assets of the business means total assets of both the companies at their book values.…
Q: December 31, 2013, Melissa Company showed shareholders' canny of P5,000,000. The share capital of…
A: Retained earnings on 31st december, 2013 = P20,00,000 Less)Depreciation = (100000) Add) Gain on sale…
Q: Use the following information for Questions 9–10.Porter Co. reported the following on its December…
A: Meaning of Ratio Analysis Ratio Analysis is a quantitative measure of financial information of a…
Q: Refer to Apple’s financial statements. On September 30, 2017, what percent of current assets is…
A: Financial statements: Financial statements are condensed summary of transactions communicated in…
Q: west Company reported the following balances at December 31, 2016 ordinary share $500,000, share…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Ratio Analysis Consider the following information taken from the shareholders' equity section:…
A: Earning per share (EPS) is determined as an organization's benefit separated by the remarkable…
Q: Gonzalez Company reported net income of $2,600 million in 2016. The weighted average number of…
A: Basic earnings per share are the amount that represents the earnings allocable to each common share…
Q: Suppose the following financial information is available for Walgreen Company. (in millions) 2017…
A: Ratio Analysis - 1. Payout Ratio - The payout ratio represents how much % of the net income of the…
Q: Hawthorn Corporation’s adjusted trial balance contained the following accounts at December 31, 2017:…
A:
Q: Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet.…
A: a. Calculate the amount of yield reported in common stock.
Q: Balance Sheet The following is a list (in random order) of KIP International Products Company's…
A: Kip International Products Company Balance Sheet December 31, 2016 Assets Current…
Q: Selected financial information for CraneCorporation as of December are presented below. 2014…
A: This question deals with the calculation of various ratio. Lets understand each one by one. Return…
Q: Following is the stockholders' equity section from the Abercrombie & Fitch Co. balance sheet.…
A: a. The computation to yield the $1,033 balance reported for common stock.
Q: Red Rider Company has the following stockholders' equity section on its balance sheet as of December…
A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…
Q: Presented below are shareholders' equity accounts of Minzy Company: 2017 2016 Common stock, 22,000…
A:
Q: Phelps, Inc. had assets of $114,994, liabilities of $24,118, and 16,486 shares of outstanding common…
A: The ratio analysis helps to analyse the financial statements of the business.
Q: The shareholders' equity section of Time Company's comparative balance sheets for the years ended…
A: Dividend declared is reduced from retained earnings and net income is transferred to retained…
Q: The average stockholders’ equity for TWU Company for 2017 was $2,000,000. Included in this figure is…
A: Net income - net income means earnings of company but after tax . In other words net earning means…
Q: Macaroon Inc. has net income for 2016 of $272,000. At January 1, 2016, the company had outstanding…
A: Working note: Computation of weighted average number of common shares outstanding: Weighted average…
Q: Phelps, Inc. had assets of $84,556, liabilities of $18,556, and 12,778 shares of outstanding common…
A: The comapny has provided financial information for the year 2017 and 2018 Required 1. EPS for the…
Q: Crystal Arts, Inc., had earnings of $291,600 for 2016. The company had 30,000 shares of common stock…
A: Earning per share serves as an indicator of a company's profitability. And calculates as a company's…
Q: Wilco Corporation has the following account balances at December 31, 2017. Common stock, $5 par…
A: A Balance sheet is a financial statement that reports the assets, liabilities and shareholder’s…
Q: On January 1, 2017 Del-V Company had a retained earnings balance of $206,000. During 2017, the…
A: Statement of retained earnings includes the beginning balance of retained earnings, net income…
Q: 1. Calculate the following for 2018 (Note: Round answers to two decimal places): Shareholder…
A: Ratio analysis: It is the financial analysis tool for measuring the profitability, liquidity,…
Q: Belltower, Inc. has net income for 2016 of $370,000. At January 1, 2016, the company had outstanding…
A: The earning per share is known as the value earned by shareholders as per their holdings. It can…
Q: Suppose the following financial information is available for Walgreen Company. (in millions) 2017…
A: Payout ratio = Dividend declared for common stock holders/ earnings available for common stock…
Q: Calculate the cost of each capital component that is the after tax cost of debt the cost of…
A: According to our guidelines, since the question comprises of several subparts, we have done the…
Q: The following are extracts from Beer’s ledger for the year ended December 31, 2017 $'000 Profit for…
A: Here in this case, we are required to prepare statement of changes in equity. Statement of changes…
Q: Assume the following is the stockholders' equity section from the Abercrombie & Fitch balance…
A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…
Q: Fowler Company reported these figures for 2018and 2017: Data table:…
A: Working notes: Preferred dividends =14,000 shares x $6 par x 5% = $4,200 Average # common…
Q: Stowe Company’s December 31, 2017, trial balance includes the following accounts: Investment in…
A: Stockholders’ Equity Section: It is refers to the section of the balance sheet that shows the…
Q: Paulson Company had the following on the dates indicated:12/31/18 12/31/17Total assetsTotal…
A: Basic Accounting Equation is: Shareholders Equity = Assets - Liabilities
Q: Selected financial information for CraneCorporation as of December are presented below. 2014…
A: The payout ratio refers to the percentage measure of the dividend paid out of the earnings available…
Q: (e) The stockholders' equity accounts of Karp Company at January 1, 2017, are as follows. Preferred…
A: Journal entries are the transactions that are recorded in the primary book. They are chronological…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,990.0 $11,690.0 Dividends declared for common stockholders 545 390 Dividends declared for preferred stockholders Net income 1,895 2,195 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.) 2017 2016 Payout ratioRatio Analysis Consider the following information taken from the shareholders' equity section: (dollar amounts in thousands) 2018 2017 Preferred shares $ 1,000 $ 1,000 Common shares, 258,052,356 and 274,001,656 shares issued and outstanding in 2018 and 2017, respectively 3,343 3,310 Contributed surplus—common shares 766,382 596,239 Retained earnings 2,192,674 2,424,403 Accumulated other comprehensive (loss) income (206,662) 58,653 Total shareholders’ equity $2,756,737 $3,083,605 Additional Information (all numbers in thousands other than per share information): 2018 Weighted average common shares outstanding 260,000 Price per share at year-end $105.45 Net income $1,358,950 Preferred dividends $100,000 Common dividends $213,440 Common dividends per share $.82 Share repurchases $834,975 Required: 1. Calculate the following for 2018 (Note: Round answers to two decimal places): Shareholder Payout:…Ratio Analysis Consider the following information taken from the shareholders' equity section: (dollar amounts in thousands) 2018 2017 Preferred shares $ 1,000 $ 1,000 Common shares, 258,052,356 and 274,001,656 shares issued and outstanding in 2018 and 2017, respectively 3,343 3,310 Contributed surplus—common shares 766,382 596,239 Retained earnings 2,192,674 2,424,403 Accumulated other comprehensive (loss) income (206,662) 58,653 Total shareholders’ equity $2,756,737 $3,083,605 Additional Information (all numbers in thousands other than per share information): 2018 Weighted average common shares outstanding 260,000 Price per share at year-end $105.45 Net income $1,358,950 Preferred dividends $100,000 Common dividends $213,440 Common dividends per share $.82 Share repurchases $834,975 Required: 1. Calculate the following for 2018 (Note: Round answers to two decimal places): Shareholder Profitability:…
- Additional information: • Weighted-average ordinary shares in 2017 were $60,000 QUESTIONS Based on the financial data above, do the following: a. Calculate the financial ratio of VENUS TRADING COMPANY in 2017 below: • Current ratio • Account receivable turnover • Inventory turnover • Asset turnover • Return on assets • Return on ordinary shareholders equity • Earnings per share • Debts to total assets ratio Provide an interpretation for each of the financial ratio calculations above. b. Based on the calculation results in point a, provide an analysis of performance finance VENUS TRADING COMPANY in 2017.Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,880.0 $11,580.0 Dividends declared for common stockholders 490 410 Dividends declared for preferred stockholders Net income 1,840 2,140 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.) 2017 2016Financial Statement data for the years ended December 31st for the Top Corporation follow:2018 2017Net Income $775,000 $966,000Preferred Dividends $35,000 $35,000Average number of 80,000 shares 95,000 sharescommon shares outstandinga. Determine the earnings per share for 2018 and 2017. b. Does the change in the earnings per share from 2017 to 2018 include a favorable or unfavorable trend?
- Retained earnings 95,380 65,590 48,000 The 2017 net income was $30,590, and the 20Y6 net income was $18,390. No dividends on common stock were declared between 2015 and 20Y7. Preferred dividends were declared and paid in full in 2016 and 2017, a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. When required, round your answers to one decimal place. 20Y7 Return on total assets Return on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that the company's profitability has debt. %6 96 % 20Y6 % % % the return on stockholders' equity in both years, there must be Since the return on assets is leverage from the use of2018 2017 Net Income (in millions) ? ? Weighted Average Shares Outstanding (in millions) Basic Number Shares ? 59.2 Diluted Number of Shares 64.8 ? Earnings Per Share Basic 1.50 1.09 Diluted 1.43 1.02The following comparative statements of stockholders’ equity are prepared for Nolan Corporation: Jan.1,2015 Jan.1,2017 Jan.1,2019 Common stock ($10 par). . . . . . . $300,000 $300,000 $300,000 Paid-in capital in excess of par . . . 60,000 60,000 60,000 Retained earnings . . . . . . . . . . . . . . . 42,000 120,000 Total . . . . . . . . . . . . . . . . . . . . . . . . . .$360,000 $402,000 $480,000 Less treasury stock (at cost) . . . . (75,000) (75,000) Total stockholders’ equity. . . . . . $360,000 $327,000 $405,000 Tarman Corporation acquires 60% of Nolan Corporation common stock for $12 per share on January 1, 2015, when the latter corporation is formed. On January 1, 2017, Nolan Corporation purchases 5,000 shares of its own common stock from…
- The 2017 financial statements for Armstrong and Blair companies are summarized below: Blair Armstrong Company Company Statement of Financial Position $35,000 40,000 100,000 140,000 85,000 $ 22,000 30,000 40,000 400,000 308,000 Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Other non-current assets Total assets $ 400,000 $ 800,000 $ 100,000 60,000 150,000 30,000 60,000 $ 50,000 70,000 500,000 110,000 70,000 Current liabilities Long-term debt (10%) Share capital Contributed surplus Retained earnings Total liabilities and shareholders' equity $ 400,000 $ 800,000 Statement of Earnings Sales revenue (1/3 on credit) Cost of sales $ 450,000 (245,000) (160,000) $ 810,000 (405,000) (315,000) Expenses (including interest and income tax) Net earnings $ 45,000 $ 90,000 Selected data from the 2016 statements follows: Prev 1 of 2SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $365,700 in 2023 and $335,800 in 2022 Equity and Liabilities share capital-connen (137, 700 shares issued) Retained earnings (ote 1) Accrued liabilities sotes payable (current) Accounts payable Total egrity and liabilities Return on equity Note 1 Cash dividends were paid at the rate of $1 per share in 2022 and 52 per shore in 2023 Required: 1. Calculate the return on common there equity for 2022 and 2023. (Assurne total equity was $1,454,000 at December 31, 2021) (Round your answers to 1 decimal piace) 2022 23.4 $1,417,500 $1,417,500 417,700 10,300 22,700 59,500 2023 225 111,300 6,500 65,500 179,000 $1,937,700 $1,979,200 2. Calculate the book value per shares for 2022 and 2023 (Round your answers to 2 decimal places) 2022 XX S1254 S 13.31The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 20Y6, and 2015: December 31 Total assets Notes payable (8% interest) Common stock Preferred 4% stock, $100 part (no change during year) 20Y7 $204,000 70,000 28,000 14,000 20Y6 $184,000 70,000 28,000 14,000 73,380 Retained earnings 51,840 42,000 The 2017 net income was $22,100, and the 20Y6 net income was $10,400. No dividends on common stock were declared between 20Y5 and 2017. Preferred dividends were declared and paid in full in 2016 and 20Y7. a. Determine the return on total assets, the rate earned on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 20Y7. When required, round to one decimal place. 20Y7 20Y6 Return on total assets Return on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that Vidahill Inc.'s profitability has % % 20Y5 $164,000 70,000 28,000 % 14,000 M % % Since the rate…