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Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Equity Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%) INCOME STATEMENTS BALANCE SHEETS Assets 2014 2015 2014 Net sales $ 4,760 $ 5,000 Cash $ 60 COGS (excl. depr.) 3,560 3,800 ST Investments 40 Depreciation 170 200 Accounts receivable 380 Other operating expenses 480 500 Inventories 820 EBIT $ 550 $ 500 Total CA S 1,300 Interest expense 100 120 Net PP&E 1,700 Pre-tax earnings $ 450 $ 380 $ 3,000 Taxes (40%) 180 152 NI before pref. div. $ 270 S 228 Preferred div. $ 190 8 8 262 S 220 Net income $ 262 280 130 Other Data S 600 Common dividends $48 $50 1,000 Addition to RE $214 $170 $ 1,600 Tax rate 40% 40% 100 Shares of common stock 50 50 500 $5.24 $4.40 800 Earnings per share Dividends per share $0.96 $1.00 $ 1,300 Price per share $40.00 $27.00 $ 3,000 Total assets Liabilities and equity Accounts payable Accruals Notes payable Total CL Long-term bonds Total liabilities Preferred stock Common stock Retained earnings Total common equity Total liabs & equity S 2015 50 500 1,000 $1,550 2,000 $ 3,550 $ 200 300 280 $ 780 1,200 $ 1,980 100 500 970 $ 1,470 $ 3,550

Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Equity Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%) INCOME STATEMENTS BALANCE SHEETS Assets 2014 2015 2014 Net sales $ 4,760 $ 5,000 Cash $ 60 COGS (excl. depr.) 3,560 3,800 ST Investments 40 Depreciation 170 200 Accounts receivable 380 Other operating expenses 480 500 Inventories 820 EBIT $ 550 $ 500 Total CA S 1,300 Interest expense 100 120 Net PP&E 1,700 Pre-tax earnings $ 450 $ 380 $ 3,000 Taxes (40%) 180 152 NI before pref. div. $ 270 S 228 Preferred div. $ 190 8 8 262 S 220 Net income $ 262 280 130 Other Data S 600 Common dividends $48 $50 1,000 Addition to RE $214 $170 $ 1,600 Tax rate 40% 40% 100 Shares of common stock 50 50 500 $5.24 $4.40 800 Earnings per share Dividends per share $0.96 $1.00 $ 1,300 Price per share $40.00 $27.00 $ 3,000 Total assets Liabilities and equity Accounts payable Accruals Notes payable Total CL Long-term bonds Total liabilities Preferred stock Common stock Retained earnings Total common equity Total liabs & equity S 2015 50 500 1,000 $1,550 2,000 $ 3,550 $ 200 300 280 $ 780 1,200 $ 1,980 100 500 970 $ 1,470 $ 3,550

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.8E
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Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Equity Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%) INCOME STATEMENTS 2014 2015 BALANCE SHEETS Assets Cash 2014 2015 Net sales $ 4,760 $ 5,000 S 60 50 COGS (excl. depr.) 3,560 3,800 ST Investments 40 . Depreciation 170 200 Accounts receivable 380 500 480 500 Inventories 820 1,000 Other operating expenses EBIT S 550 S 500 Total CA $ 1,300 $ 1,550 Interest expense 100 120 Net PP&E 1,700 2,000 Pre-tax earnings S 450 S 380 $ 3,000 $ 3,550 Taxes (40%) 180 152 NI before pref. div. $ 270 228 Preferred div. 8 8 S 190 $ 200 Net income $ 262 220 280 300 130 280 Other Data $ 600 S 780 Common dividends $48 $50 1,000 1,200 Addition to RE $214 $170 $ 1,600 $ 1,980 Tax rate 40% 40% 100 100 Shares of common stock 50 50 500 500 Earnings per share $5.24 $4.40 800 970 Dividends per share $0.96 $1.00 $ 1,300 S 1,470 Price per share $40.00 $27.00 $ 3,000 $ 3,550 F S S Total assets Liabilities and equity Accounts payable Accruals Notes payable Total CL Long-term bonds Total liabilities Preferred stock Common stock Retained earnings Total common equity Total liabs. & equity S
Transcribed Image Text:Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Equity Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%) INCOME STATEMENTS 2014 2015 BALANCE SHEETS Assets Cash 2014 2015 Net sales $ 4,760 $ 5,000 S 60 50 COGS (excl. depr.) 3,560 3,800 ST Investments 40 . Depreciation 170 200 Accounts receivable 380 500 480 500 Inventories 820 1,000 Other operating expenses EBIT S 550 S 500 Total CA $ 1,300 $ 1,550 Interest expense 100 120 Net PP&E 1,700 2,000 Pre-tax earnings S 450 S 380 $ 3,000 $ 3,550 Taxes (40%) 180 152 NI before pref. div. $ 270 228 Preferred div. 8 8 S 190 $ 200 Net income $ 262 220 280 300 130 280 Other Data $ 600 S 780 Common dividends $48 $50 1,000 1,200 Addition to RE $214 $170 $ 1,600 $ 1,980 Tax rate 40% 40% 100 100 Shares of common stock 50 50 500 500 Earnings per share $5.24 $4.40 800 970 Dividends per share $0.96 $1.00 $ 1,300 S 1,470 Price per share $40.00 $27.00 $ 3,000 $ 3,550 F S S Total assets Liabilities and equity Accounts payable Accruals Notes payable Total CL Long-term bonds Total liabilities Preferred stock Common stock Retained earnings Total common equity Total liabs. & equity S
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