an apparel manufacturer, reported net income (amounts in thousands) for Year 4 of $58,615 on sales of $1,460,235. It declared preferred dividends of $21,122. Preferred shareholders’ equity totaled $264,746 at both the beginning and end of Year 4. Common shareholders’ equity totaled $296,157 at the beginning of Year 4 and $364,026 at the end of Year 4. Phillips-Van Heusen had no noncontrolling interest in its equity. Total assets were $1,439,283 at the beginning of Year 4 and $1,549,582 at the end of Year 4. Compute the rate of ROCE for Year 4 and disaggregate it into profit margin for ROCE, assets turnover, and capital structure leverage ratio components.

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Retained earnings, January 1 $3,112,575    $2,638,225    Net income 700,800   540,300   Dividends:           On preferred stock (11,200)   (11,200)     On common stock (54,750)   (54,750)   Retained earnings, December 31 $3,747,425    $3,112,575    Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1       20Y2     20Y1 Sales $3,863,160   $3,559,340   Cost of merchandise sold 1,516,210   1,394,910   Gross profit $2,346,950   $2,164,430   Selling expenses $731,580   $918,970   Administrative expenses 623,190   539,710   Total operating expenses $1,354,770   $1,458,680   Income from operations $992,180   $705,750   Other revenue and expense:…

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Marshall Inc.Comparative Retained Earnings StatementFor the Years Ended December 31, 20Y2 and 20Y1   20Y2   20Y1 Retained earnings, January 1 $3,704,000    $3,264,000  Net income 600,000    550,000  Dividends:           On preferred stock (10,000)   (10,000)     On common stock (100,000)   (100,000) Retained earnings, December 31 $4,194,000    $3,704,000    Marshall Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y1   20Y2   20Y1 Sales $10,850,000   $10,000,000 Cost of merchandise sold 6,000,000   5,450,000 Gross profit $4,850,000   $4,550,000 Selling expenses $2,170,000   $2,000,000 Administrative expenses 1,627,500   1,500,000 Total operating expenses $3,797,500   $3,500,000 Income from operations $1,052,500   $1,050,000 Other revenue and expense:           Other revenue…

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Retained earnings, January 1 $3,112,575    $2,638,225    Net income 700,800   540,300   Dividends:           On preferred stock (11,200)   (11,200)     On common stock (54,750)   (54,750)   Retained earnings, December 31 $3,747,425    $3,112,575    Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1       20Y2     20Y1 Sales $3,863,160   $3,559,340   Cost of merchandise sold 1,516,210   1,394,910   Gross profit $2,346,950   $2,164,430   Selling expenses $731,580   $918,970   Administrative expenses 623,190   539,710   Total operating expenses $1,354,770   $1,458,680   Income from operations $992,180   $705,750   Other revenue and expense:…

During Year 3, Solomon Corporation reported after-tax net income of $3,635,000. During the year, the number of shares of stock outstanding remained constant at 9,540 of $100 par, 10 percent preferred stock and 397,000 shares of common stock. The company's total stockholders' equity is $19,500,000 at December 31, Year 3. Solomon Corporation's common stock was selling at $53 per share at the end of its fiscal year. All dividends for the year have been paid, including $4.80 per share to common stockholders. Required a. Compute the earnings per share. (Round your answer to 2 decimal places.) b. Compute the book value per share of common stock. (Round your answer to 2 decimal places.) e. Compute the price-earnings ratio. (Round intermediate calculations and final answer to 2 decimal places.) d. Compute the dividend yield. (Round your percentage answer to 2 decimal places (i.e., 0.2345 should be entered as 23.45)) a Eamings per share b. Book value per share e. Price eamings ratio a. Dividend…

Kelley Company reports $1,875,000 of net income and declares $262,500 of cash dividends on its preferred stock for the year. At year-end, the company had 390,000 weighted-average shares of common stock. 1. What is the company's basic earnings per share (EPS)? 2. In the prior year, Kelley had a basic earnings per share (EPS) of $3.93. Did Kelly improve its earnings per share (EPS) in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the company's basic earnings per share (EPS)? Basic earnings per share Choose Numerator: I Choose Denominator: Net income available to common stockholders Weighted-average outstanding shares = Basic earnings per share

On December 31. Sulfur Corporation has the following data available:   Net Income                                                $140,000 Interest expense                                          20,000 Total assets at the beginning of the year   720,000 Toital assets at the end of the year            810,000 Total common stockholders' equity at the beginning of the year  440,000 Total common stockholders' equity at the end of the year   300,000   What is return on equity? A. 32.43% B. 27.03% C. 37.84% D. 15.69%

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)

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 55 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1        20Y2      20Y1 Retained earnings, January 1 $3,112,575    $2,638,225    Net income 700,800   540,300   Dividends:           On preferred stock (11,200)   (11,200)     On common stock (54,750)   (54,750)   Retained earnings, December 31 $3,747,425    $3,112,575    Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1       20Y2     20Y1 Sales $3,863,160   $3,559,340   Cost of merchandise sold 1,516,210   1,394,910   Gross profit $2,346,950   $2,164,430   Selling expenses $731,580   $918,970   Administrative expenses 623,190   539,710   Total operating expenses $1,354,770   $1,458,680   Income from operations $992,180   $705,750   Other revenue and expense:…

Solomon Company's income statement information follows: Net sales Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (Year 1: $197,000) Common stock, December 31 The average number of shares outstanding was 7,700 for Year 3 and 7,000 for Year 2. Required Compute the following ratios for Solomon for Year 3 and Year 2. a. Number of times interest was earned. Note: Round your answer to 2 decimal places. a. Times interest earned b. Earnings per share c. Price-earnings ratio d. Return on average equity e. Net margin Year 3 b. Earnings per share based on the average number of shares outstanding. Note: Round your answer to 2 decimal places. c. Price-earnings ratio (market prices: Year 3, $64 per share; Year 2, $73 per share). Note: Round your answer to 2 decimal places. d. Return on average equity. Note: Round your percentage answer to 2 decimal places (for example, 0.2345 should be entered as 23.45). e. Net margin. Note: Round your…