Selected financial information for Carla VistaCorporation as of December are presented below.Current assetsCurrent liabilitiesStockholders' equityTotal assets1.2.3.4.5.6.Return on assetsNet sales and net income for 2014 were $531,000 and $42,480 respectively. Dividends of $4,720 were declared for common stockholders and $7,080for preferred shareholders in 2014. Preferred stockholders'equity is equal to 10% of total stockholders' equity.Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.)Profit marginPayout ratioDebt assets ratio2014Current ratio$118,64049.560141,600354,0002013$90,86041,300125.080318.600Return on common stockholders' equity%%%:1%

The current ratio is a measure of liquidity that tells whether the company can meet its short-term…

Answered: Selected financial information for…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 17E

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
Selected financial information for CraneCorporation as of December are presented below. 2014 2013 Current assets $104,640 $80,080 Current liabilities 43,680 36,400 Stockholders’ equity 124,800 110,240 Total assets 312,000 280,800 Net sales and net income for 2014 were $468,000 and $37,440 respectively. Dividends of $4,160 were declared for common stockholders and $6,240for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity.Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 1. Return on assets enter percentages rounded to 2 demical places % 2. Profit margin enter percentages rounded to 2 demical places % 3. Payout ratio enter percentages rounded to 2 demical places % 4. Debt assets ratio enter percentages…
Selected financial information for CraneCorporation as of December are presented below. 2014 2013 Current assets $82,640 $63,140 Current liabilities 34,440 28,700 Stockholders’ equity 98,400 86,920 Total assets 246,000 221,400 Net sales and net income for 2014 were $369,000 and $29,520 respectively. Dividends of $3,280 were declared for common stockholders and $4,920for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity.Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 1. Return on assets enter percentages rounded to 2 demical places % 2. Profit margin enter percentages rounded to 2 demical places % 3. Payout ratio enter percentages rounded to 2 demical places % 4. Debt assets ratio enter percentages…
Comparative statements of shareholders’ equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2018, 2019, and 2020. ANACONDA INTERNATIONAL CORPORATIONStatements of Shareholders' EquityFor the Years Ended Dec. 31, 2018, 2019, and 2020($ in millions) Preferred Stock$10 par Common Stock$1 par AdditionalPaid-In Capital Retained Earnings TotalShareholders' Equity Balance at January 1, 2018 45 360 1,574 1,979 Sale of preferred shares 10 410 420 Sale of common shares 6 48 54 Cash dividend, preferred (1 ) (1 ) Cash dividend, common (11 ) (11 ) Net income 210 210 Balance at December 31, 2018 10 51 818 1,772 2,651 Retirement of shares (3 ) (24 ) (16 ) (43 ) Cash dividend, preferred…
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 ratio
The following selected data were taken from the financial statements of The O'Malley Group Inc. for December 31, 2015, 2014, and 2013: December 31 Total assets Notes payable (10% interest) Common stock Preferred $4 stock, $100 par Retained earnings Net income 2015 $201,000 70,000 28,000 14,000 79,000 15,920 20Y4 $181,000 70,000 28,000 20Y5 14,000 63,000 16,940 No dividends on common stock were declared between 2013 and 2015. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2014 and 2015. Round your percentage answers to one decimal place. 20Y3 $161,000 70,000 28,000 % Return on total assets Return on stockholders' equity Return on common stockholders' equity b. What conclusions can be drawn from these data as to the company's profitability? % 14,000 42,000 13,552 20Y4 % % %
Comparative statements of shareholders’ equity for Anaconda International Corporation were reported as follows for the fiscal years ending December 31, 2018, 2019, and 2020. ANACONDA INTERNATIONAL CORPORATIONStatements of Shareholders' EquityFor the Years Ended Dec. 31, 2018, 2019, and 2020($ in millions) Preferred Stock$10 par Common Stock$1 par AdditionalPaid-In Capital Retained Earnings TotalShareholders' Equity Balance at January 1, 2018 60 540 1,838 2,438 Sale of preferred shares 20 860 880 Sale of common shares 6 54 60 Cash dividend, preferred (2 ) (2 ) Cash dividend, common (16 ) (16 ) Net income 330 330 Balance at December 31, 2018 20 66 1,454 2,150 3,690 Retirement of shares (3 ) (27 ) (26 ) (56 ) Cash dividend, preferred…
Below is the financial data for Arla Inc. for the year ended December 31, 2020: Market price per share... Net Income...... $150.00 $1,750,000 Preferred Dividends declared... $75,000 Average # of common shares....... Dividends per share...... Average common shareholders' equity..... Total assets..... Total Liabilities... Accumulated Other Comprehensive Income..... 100,000 $2.50 10,000,000 $22,500,000 $11,675,000 $185,000 Instructions Calculate the Return on shareholders' equity (use up to 2 decimal places and do not include a % sign)
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 2016
Barger Corporation has the following data as of December 31, 2024: Total Current Liabilities $ 36,210 Total Stockholders' Equity $? Total Current Assets 25,680 Other Assets 45,600 Long-term Liabilities 154,740 Property, Plant, and Equipment, Net 246,970 Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) Total liabilities Total stockholders' equity Debt to equity ratio +
he financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,343 $ 10,434 Net income $ 230 $ 748 Stockholders' equity $ 1,760 $ 2,240 Average Shares outstanding (in millions) 640 - Dividends per share $ 0.33 - Stock price $ 8.10 - Required:Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Computing earnings per share, price/earnings ratio, and rate of return on common stockholders’ equity Gullo Company reported these figures for 2018 and 2017: Requirements Compute Gullo Company’s earnings per share for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest cent. Compute Gullo Company’s price/earnings ratio for 2018. Assume the company’s market price per share of common stock is $9. Round to two decimals. Compute Gullo Company’s rate of return on common stockholders’ equity for 2018. Assume the company paid the minimum preferred dividend during 2018. Round to the nearest whole percent.

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