### Question Prompt:Complete this question by entering your answers in the tabs below.**Req A1** | **Req A2** | **Req A3** | **Req B to E**---#### b. What is the company’s average income tax rate?**Note:** Round your final answer to the nearest whole percentage.#### c. What interest rate is charged on long-term debt? Assume that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year.**Note:** Round your final answer to the nearest whole percentage.#### d. What is the par value per share of common stock?**Note:** Round your final answer to the nearest whole Dollars.#### e. What is the company’s dividend policy (i.e., what proportion of the company’s earnings is used for dividends)?**Note:** Round your final answer to the nearest whole percentage.---### Input Fields:b. Average income tax rate _______________ %c. Interest rate _____________ %d. Par value per share ______________ $ e. Dividend _______________ %---### Tabs for Navigation:- **< Req A3**- **Req B to E >**---**Explanation of Input Fields:**- **b. Average income tax rate:** Input field where the user can enter the percentage value representing the company's average income tax rate. Users are instructed to round the percentage to the nearest whole number.- **c. Interest rate:** Input field where the user can enter the interest rate charged on long-term debt. The users are advised to assume that the year-end balance of long-term debt represents the average balance throughout the year and round the value to the nearest whole percentage.- **d. Par value per share:** Input field where the user can enter the dollar value representing the par value per share of common stock. Users are to round this value to the nearest whole dollar.- **e. Dividend:** Input field where the user can enter the percentage representing the company's dividend policy, indicating what proportion of the company’s earnings is utilized for dividends. This value should be rounded to the nearest whole number.### Graphs/Diagrams:There are no graphs or diagrams present in the image. The content consists of textual questions, notes, and input fields for user responses. ## Financial Analysis of Breanna Incorporated### Financial Information (as of December 31, 2022)The following financial data was obtained from the records of Breanna Incorporated:- **Accounts receivable**: $10,120- **Accumulated depreciation**: $50,800- **Cost of goods sold**: $128,800- **Income tax expense**: $9,500- **Cash**: $64,500- **Net sales**: $191,000- **Equipment**: $123,000- **Selling, general, and administrative expenses**: $36,000- **Common stock (8,200 shares)**: $98,000- **Accounts payable**: $12,500- **Retained earnings, 1/1/22**: $32,500- **Interest expense**: $5,200- **Merchandise inventory**: $38,200- **Long-term debt**: $36,200- **Dividends declared and paid during 2022**: $6,150> Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2022, and that all income statement items reflect activities that occurred during the year ended December 31, 2022. There were no changes in paid-in capital during the year.### Required Tasks:#### a. Prepare Financial Statements:1. **Income Statement**: Outline the revenues, expenses, and resulting net income for the year ended December 31, 2022.2. **Statement of Changes in Stockholders' Equity**: Detail the changes in stockholders' equity throughout the year ended December 31, 2022.3. **Balance Sheet**: Present the company's financial position as of December 31, 2022.#### b. Calculate Financial Ratios and Metrics:- **Average Income Tax Rate**: Determine the proportion of income paid as taxes.- **Interest Rate on Long-term Debt**: Calculate the interest expense as a percentage of the long-term debt.- **Par Value per Share of Common Stock**: Identify the value assigned per share of common stock.- **Dividend Policy**: Assess the proportion of earnings used for dividends.### Instructions for Completion:To complete this exercise, enter your answers in the tabs provided below. Ensure to prepare a balance sheet dated December

The Income statement is one of the financial statements which determines the profit or loss of the…

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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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choose the right answer The debts which are to be repaid within a short period (a year or less) are referred to as, Contingent liabilities All the above Fixed liabilities Current Liabilities O choose the right answer Gross profit is Sales - Purchases O Cost of goods sold + Opening stock Sales - cost of goods sold Net profit - expenses
Considering that the credit policy of Steward (Pty) Ltd is 90 days, which one of the following statements is true when analysing the debtor’s collection period? A. The debtor’s collection period improved from 2020 to 2021, and the company is still collecting debtors within their credit policy terms of 90 days. B. The debtor’s collection period improved from 2020 to 2021, which is also good for the cash flow of the company. C. The debtor’s collection period worsened from 2020 to 2021, and the company is not collecting debtors within their credit policy terms of 90 days. D. The debtor’s collection period worsened from 2020 to 2021, but debtor’s are collected within their credit policy terms of 90 days. E. The debtor’s collection period remained constant from 2020 to 2021.
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May I ask for a solution and explanation to the problem for a better understanding. Thank you! 9. Using carrot corp., what is the debt-to-equity ratio? a. 30.77 : 1 b. 31.60 : 1 c. 30.50 : 1 d. 31.20 : 1
10. Preparing a funds statement; cash flow from operations. You have the following information about the financial affairs of the XYZ Company: 1. Balance sheets: Current Assets: Cash..... Accounts receivable Inventories.. Total Current Assets Beginning of Year $ 2 235 End of Year $ 1 4 6 $10 Land, plant, and equipment, cost. $20 $11 $29 Less: Accum. depreciation Total Assets... Current Liabilities: Accounts payable Taxes payable.... Notes payable.. 8 12 $22 $ 4 1 2 ; 8「: སནྡྷ། 20| $31 $ 3 Total Current Liabilities $ 5
Financial Statements Prepare the Financial Statements for the fiscal year ended December 31, 2021 for MaBak Inc. Inc. Don't forget the statement dates and dollar signs. Complete the Horizontal and Vertical analysis. Round answers to the whole percent. Account Name Accounts Payable Accounts Receivable (net) Accrued Liabilities Administration Expense Bonds Payable Car (net) Cash Cost of Goods Sold Current Maturities of Long Term Debt Equipment (Net) Income Tax Expense Inventory Amount Account Name Investments - Long Term Land- not in use, to be sold in 5 Marketable Securities $ 42,000 30,000 3,000 30,000 Net Sales 20,000 Notes Payable - Long 32,000 Notes Receivable 50,000 20,000 Other Income Other Expense (interest) 12,250 Selling Expense 12,000 Supplies 4,400 Taxes Payable 40,000 Unearned Sales Revenue 12,000 25,000 5,000 135,000 13,000 2,000 7,600 4,000 44,000 7,500 17,750 13,000
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Buy On Time or Pay Cash Cost of Borrowing 1. 2. 3. 4. 5. 6. 7. 8. Cost of Paying Cash 9. 10. Terms of the loan a. Amount of the loan b. Length of the loan (in years) c. Monthly payment Total loan payments made ($ per month Less: Principal amount of the loan Total interest paid over life of loan Tax considerations: - Is this a home equity loan? - Do you itemize deductions on your federal tax return? What federal tax bracket are you in? Taxes saved due to interest deductions ($ %) Total after-tax interest cost on the loan X months) Annual interest earned on savings (6% X Annual after-tax interest earnings ($ %) X $10,000.00 5 $188.70 no yes 35% $ $ $ 00 00 $
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3.2) Will the company be able to pay its short-term debts if business conditions are unfavourable? Usean appropriate ratio to motivate your answer. 3.3)Comment on the returns of the shareholders on their investments (expressed to two decimalplaces) over the two-year period (2021 and 2022). Motivate your answer with the relevantcalculations. Answer the questions above by using the information below: Disney LimitedStatement of Comprehensive Income for the year ended 31 December 2021RSales 1 960 000Cost of sales 1 240 000Operating profit 472 000Interest expense 48 000Profit before tax 424 000Profit after tax 305 280 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: 2021 (R) 2020 (R)AssetsNon-current assets 2 320 000 1 960 000Inventories 720 000 440 000Accounts receivable 360 000…
I need help to determine the following; 4. For P & B Manufacturing to assess its debt management I need help to calculate the debt-to-equity ratio at the end of the year AND the equity multiplier. Include calculations and round answers to 2 decimal places.
Times interest earned is a measure of the a. gross profit compared to annual interest payments b. operational earnings of the firm (EBIT) compared to annual interest payments c. net earnings after taxes compared annual interest payments d. net earnings before taxes compared to annual interest payments

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