Cash Receivables Inventory Current Assets Balance Sheet (5000) Fixed Assets Gross Accum deprec Net Fixed Assets Total Assets Accts payable Wages payable Current Liabilities 12/31/18 2,745 19,842 10.045 32,632 ASSETS 80,128 (60.225) 19,903 52.535 Long term debt 36,490 Equity 12.163 Total Liab, & Equity 52.535 12/31/19 1,071 24,691 15.621 41,383 97,432 (68,076) 29,356 70.739 LIABILITIES AND EQUITY 3,114 768 3,882 6,307 914 7,221 48,128 15.390 20.739 Calculate the dividend payout ratio. Income Statement For the Year ended 12/31/19 (5000) Sales 88,765 COGS 39.506 Gross Margin 49,259 Depreciation Exp. 7,851 Other Expenses 26.717 EBIT Interest EBT Taxes Net Income 14,691 4,312 10,379 4.152 6.227 dividends 3,000 addition to R/E 3,227

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
Chapter10: Long-term Liabilities
Section: Chapter Questions
Problem 10.10E
icon
Related questions
Topic Video
Question
Calculate the dividend payout ratio.
Cash
Receivables
Inventory
Current Assets
Fixed Assets
Gross
Accum, deprec
Net Fixed Assets
Total Assets
Balance Sheet
(5000)
Accts payable
Wages payable
Current Liabilities
Long term debt
Equity
12/31/18
2,745
19,842
10.045
32,632
80,128
19,903
52.535
ASSETS
36,490
12.163
Total Liab, & Equity 52.535
12/31/19
1,071
24,691
15.621
41,383
97,432
(68,076)
29,356
70.739
LIABILITIES AND EQUITY
3,114
768
3,882
6,307
914
7,221
48,128
15.390
20.739
Calculate the dividend payout ratio.
Income Statement
For the Year ended 12/31/19
(5000)
Sales
COGS
Gross Margin
88,765
39.506
49,259
Depreciation Exp. 7,851
Other Expenses 26.717
EBIT
Interest
EBT
Taxes
Net Income
14,691
4,312
10,379
4.152
6.227
dividends
3,000
addition to R/E 3,227
Transcribed Image Text:Cash Receivables Inventory Current Assets Fixed Assets Gross Accum, deprec Net Fixed Assets Total Assets Balance Sheet (5000) Accts payable Wages payable Current Liabilities Long term debt Equity 12/31/18 2,745 19,842 10.045 32,632 80,128 19,903 52.535 ASSETS 36,490 12.163 Total Liab, & Equity 52.535 12/31/19 1,071 24,691 15.621 41,383 97,432 (68,076) 29,356 70.739 LIABILITIES AND EQUITY 3,114 768 3,882 6,307 914 7,221 48,128 15.390 20.739 Calculate the dividend payout ratio. Income Statement For the Year ended 12/31/19 (5000) Sales COGS Gross Margin 88,765 39.506 49,259 Depreciation Exp. 7,851 Other Expenses 26.717 EBIT Interest EBT Taxes Net Income 14,691 4,312 10,379 4.152 6.227 dividends 3,000 addition to R/E 3,227
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Completing the Accounting Cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage