Additional intormation about the company tollows.Common stock market price, December 31, Current YearCommon stock market price, December 31, 1 Year AgoAnnual cash dividends per share in Current YearAnnual cash dividends per share 1 Year Ago$ 31.0029.000.240.12For both the Current Year and 1 Year Ago, compute the following ratios:1. Return on common stockholders' equity.2. Price-earnings ratio on December 31.2a. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth?3. Dividend yield.Complete this question by entering your answers in the tabs below.Required 1Required 2Required 2aRequired 3Compute the return on common stockholders' equity for each year.Return On Common Stockholders' EquityReturn On CommonStockholders' EquityChoose Numerator:IChoose Denominator:%3DReturn on common%3Detockholdere' an itu< Prev8 of 8Next> At December 311 Yr Ago 2 Yrs AgoYrAssetsCashAccounts receivable, netMerchandise inventoryPrepaid expensesPlant assets, net৪৪,90077,74810,555340,897$ 31,900 $ 34,400 $ 36,20063,10083,80051,50053,1003,777195,4239,193234,507Total assets$550,000 $425,000 $340,000Liabilities and EquityAccounts payableLong-term notes payable secured bymortgages on plant assetsCommon stock, $10 par valueRetained earnings$134,211 $ 71,107 $ 45,778104,434162,500148,855$550,000 $425,000 $ 340,00094,817162,50096,57675,140162,50056,582Total liabilities and equityThe company's income statements for the Current Year and 1 Year Ago, follow.For Year Ended December 31Sales1 Yr Ago$ 505,750Current Yr$715,000Cost of goods soldother operating expensesInterest expense$436,150221,65012,1559,295$328,738127,95511,6327,586Income tax expenseTotal costs and expenses475,911679,250$ 35,750Net income$ 29,839Earnings per share$12.20$41.84< Prev8 of 8...Next>*.........

Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Additional intormation about the company tollows. Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago $ 31.00 29.00 0.24 0.12 For both the Current Year and 1 Year Ago, compute the following ratios: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 2a. Assuming Simon's competitor has a price-earnings ratio of 6, which company hs higher market expectations for future growth? 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2a Required 3 Compute the return on common stockholders' equity for each year. Return On Common Stockholders' Equity Return On Common Choose Numerator: IChoose Denominator: Stockholders' Equity Return on common etockholdere' anihu

Additional intormation about the company tollows. Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share in Current Year Annual cash dividends per share 1 Year Ago $ 31.00 29.00 0.24 0.12 For both the Current Year and 1 Year Ago, compute the following ratios: 1. Return on common stockholders' equity. 2. Price-earnings ratio on December 31. 2a. Assuming Simon's competitor has a price-earnings ratio of 6, which company hs higher market expectations for future growth? 3. Dividend yield. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2a Required 3 Compute the return on common stockholders' equity for each year. Return On Common Stockholders' Equity Return On Common Choose Numerator: IChoose Denominator: Stockholders' Equity Return on common etockholdere' anihu

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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TB SA Qu. 16-59 (Static) Complete: Complete: Current Assets Cash Accounts receivable Prepaid rent Merchandise inventory Total current assets $ Amount $ $ $ 12,000 9,000 5,000 28,000 Round to Nearest Hundredth Percent % % % % 100 %
Life-Positive’s Account Balances 2021 ($) 2022 ($) accounts payable 24,600.00 21,250.00Accounts receivable 15,700.00 12,340.00Cash 23,450.00 28,600.00Cost of goods sold 19,700.00 23,000.00Depreciation 3,090.00 4,590.00Dividends 5,800.00 10,800.00Interest 2,340.00 2,890.00Inventory 7,050.00 8,640.00Long-term debt 28,000.00 30,000.00Net fixed assets 41,500.00 48,000.00Other expenses 2,400.00 2,800.00Sales 58,000.00 62,500.00Short-term Notes Payable 2,890.00 2,340.00Shares outstanding 85,000.00 90,000.00 tax rate is 32% 4. Calculate the cash flow from assets, cash flow to creditors,and cash flow to stockholders…
Information shown to (1)Preare a statment of AW Use the Financial statement and addition) Information shown to Cash Flows For the Year ended Using the (1) Prefare a statment of June 30,200%, indirct.methed PASSAT INC. MCome Statement For Year Ended June 3,2002 $67800 (411000) 267000 selas Cost of Joods sold Gross profit oPelabing &XPense Depreciabion exPense other ex Pense Tobal operabing expense other Jattesains Closses) Gain on Sale of equipment 58600 67000 (125600) 200 Income before taes $143400 (43890) Income taXes Net income $99510
Account$ 51,000Accounts payable$33, 700 Land Notes payable49,000Accounts receivable 71, 2000perating expenses 102,000Building86, 500Prepaid insurance3.100Cash3, 200Service revenue172.000Equipment35, 700Unearned revenue 3,000J. Koizumi, capitalJ. Koizumi, drawings99, 0004, 000(c) Determine the amount overKoizumi Kollections has the following alphabetical list of accounts and balances at July 31. 2017:
At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 31,600 88,000 112,500 10,650 281,000 $ 36,250 $ 62,000 83,800 9,350 249,500 38,400 49,500 52,500 4,500 235,000 Total assets $523,750 $440,900 $ 379,900 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $128,400 $ 74,750 $ 50,800 97,000 160,500 137,850 98,250 160, 500 107,400 81,600 160,500 87,000 $523,750 $440,900 $ 379,900 The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales 1 Yr Ago $ 620,000 Current Yr $755,000 Cost of goods sold other operating expenses Interest expense Income tax expense Total costs and expenses $445,450 234,050 11,300 9,550 $390,600 148,800 12,700 8,925 700,350 $ 54,650 561,025 $ 58,975 Net income Earnings per share %$4 3.40 2$ 3.67 For both the…
Prepare an income statement for Hansen Realty for the year ended December 31, 2020. Beginning inventory was $1,258. Ending inventory was $1,610. (Input all amounts as positive values.) Sales $ 35,900 1, 102 1,162 11, 012 Sales returns and allowances Sales discount Purchases Purchase discounts 550 Depreciation expense Salary expense Insurance expense Utilities expense Plumbing expense Rent expense 125 5,700 3,100 220 260 190 HANSEN REALTY Income Statement For Year Ended December 31, 2020 Gross profit from sales Operating expenses: Prev 4 of 16 Next > ..... ....L
YE3tcuBfirwShOSzu2prZ7nd44k0L-w/formResponse?pli=1 e following to answer the five questions below: owing accounts are extracted from the worksheet of X Company on ber 31, 2020 Sales Retums and Allowances S 410,000 Sales Discount 140,000 Sales 1,500,000 Salaries Expenses - Sales 52,000 Rent Revenue 22,000 Purchases Retums and Allowances 120,000 Purchases 600,000 Loss from write down of Inventory 17,000 Inventory, January 1, 2020 460,000 Interest Expense A 55,000 Gain from Sale of Building 23,000 Freight-out 14,000 Freight-in 30,000 Depreciation Expense - Sales 22,000 Cost of Goods Sold 600,000 n the data above, the inventory account sho ed a holon
(i) Inventory = (60.83 – 54.75) ´ $32,876.7123 = $199,890.41. (ii) Receivables = (73 – 65.70) ´ $41,095.8904 = $300,000. (iii) Payables = (33.46 – 30.42) ´ $32,876.7123 = $99,945.21 How did you compute the $32,876.7123 for inventory, $41,095.8904 for receivables, and $32,876.7123 for payables?
Income 31955 , assets 213000, assets at end year, 259000. What return on assets
T. Nix, Capital$ 128,300Cost of goods sold$ 108,900T. Nix, Withdrawals7,000Depreciation expense11,600Sales183,000Salaries expense39,000Sales discounts4,200Miscellaneous expenses5,000Sales returns and allowances5,200 1. Record the entry to close the income statement accounts with credit balances. 2. Record the entry to close the income statement accounts with debit balances. 3. Record the entry to close the Income Summary account. 4. Record the entry to close the Withdrawals account.
ADBRI Limited (ABC, formerly Adelaide Brighton Limited) is an integrated construction material and lime producing group of companies focused on the construction, engineering, infrastructure and resource sectors in Australia. ABC has three main operating divisions being: Cement, Lime, Concrete and Aggregates and Concrete Masonry Products. Acrow (ACF, formerly NMG Corporation Limited) operates in the Australian construction services industry, hiring formwork, falsework and scaffolding equipment and undertaking sales of formwork and scaffolding related consumables. The Formwork operation involves the supply of the temporary mould that supports concrete structures in their construction. The Scaffolding operation supplies scaffolding equipment and access solutions to builders and building contractors when working at heights. Below are extracts of ACF and ABC Limited's income statements and balance sheets for 2020. Item ACF ABC Limited Income Statement Income Statement Operating Revenue…
OkyOTcw/a/MjUwNDEyNDM20TEx/details Particulars Credit (RM) 48,400 Debit (RM) Capital Drawings Trade receivables Trade payables Sales Purchases Sales returns Purchases retums Wages and salaries Discounts allowed Discounts received Provision for doubtful debts Insurance Inventory as at 1 September 2018 Utilities 3,500 9,000 12,500 40,400 31,000 300 250 5,600 120 200 300 700 2,400 950 350 10,000 3,000 20,000 Rates Premises Fixtures and fittings Motor van Cash in hand Cash at bank TOTAL 330 14,800 102.050 102.050 Additional information as at 31 August 2019: i. Inventory as at 31 August 2019 amounted RM3,300 ii. An entity from whom there is accounts receivables of RM200 was unable to settle his debt and this amount is to be written off as bad debts. iii. The provision for doubtful debts is 1% of the outstanding trade receivables. iv. The owner took RM100 worth of goods from the business for his own use Required: a) Statement of Profit or Loss and Others Comprehensive Income for the year…