Condensed balance sheet and income statement data for Bridgeport Corporation are presented here. Bridgeport Corporation Balance Sheets December 31     2020   2019   2018 Cash   $ 32,000   $ 22,000   $ 20,000 Accounts receivable (net)   52,000   47,000   50,000 Other current assets   93,000   98,000   67,000 Investments   58,000   73,000   48,000 Plant and equipment (net)   500,000   370,000   358,000     $735,000   $610,000   $543,000 Current liabilities   $ 87,000   $ 82,000   $ 72,000 Long-term debt   148,000   88,000   53,000 Common stock, $10 par   323,000   313,000   303,000 Retained earnings   177,000   127,000   115,000     $735,000   $610,000   $543,000   Bridgeport Corporation Income Statements For the Years Ended December 31     2020   2019 Sales revenue   $743,000   $603,000 Less: Sales returns and allowances   42,000   32,000 Net sales   701,000   571,000 Cost of goods sold   428,000   353,000 Gross profit   273,000   218,000 Operating expenses (including income taxes)   182,000   152,000 Net income   $ 91,000   $ 66,000 Additional information: 1.   The market price of Bridgeport’s common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively. 2.   You must compute dividends paid. All dividends were paid in cash. (a) Compute the following ratios for 2019 and 2020. (Round answers to 2 decimal places, e.g. 1.83 or 1.83%.)     2020   2019 Profit margin      %      % Gross profit rate      %      % Asset turnover      times      time

Forecast an Income StatementSeagate Technology reports the following income statement for fiscal 2019. SEGATE TECHNOLOGY PLC Consolidated Statement of Income For Year Ended June 28, 2019, $ millions Revenue $20,780 Cost of revenue 14,916 Product development 1982 Marketing and administrative 906 Amortization of intangibles 46 Restructuring and other, net (44) Total operating expenses 17,806 Income from operations 2,974 Interest income 168 Interest expense (448) Other, net 50 Other expense, net (230) Income before income taxes 2,744 (Benefit) provision for income taxes (1,280) Net income $4,024 Forecast Seagate’s 2020 income statement assuming the following income statement relations ($ millions). Revenue growth 5% Cost of revenue 71.8% of revenue Product development 9.5% of revenue Marketing and administrative 4.4% of revenue Amortization of intangibles No change Restructuring and other, net $0 Interest income No change…

The Diversified Portfolio Corporation provides investment advice to customers. A condensed income statement for the year ended December 31, 2021, appears below:   Service revenue                                                          $  1,180,000 Operating expenses                                                           840,000 Income before income taxes                                            340,000 Income tax expense                                                              85,000 Net income                                                                  $       255,000   The following balance sheet information also is available:                                                                                                   12/31/2021           12/31/2020 Cash                                                                              $  452,000               $      84,000 Accounts receivable                                                       148,000…

Comparative income statements of Sub Corporation for the calendar years 2019, 2020, and 2021 are as follows (in thousands): 2019 2020 2021Sales $22,000 $18,500 $19,250Cost of sales 10,600 9,900 10,100Gross profit 11400 8600 9150Operating expenses 5,700 5,500 6,000Net income $ 5700 $ 3100 $ 3150ADDITIONAL INFORMATION1. Sub was an 80 percent-owned subsidiary of Pub Corporation throughout the 2019–2021 period. Pub’s separate income (excludes income from Sub) was $7,200,000, $6,600,000, and $7,500,000 in 2019, 2020, and 2021, respectively. Pub acquired its interest in Sub at its underlying book value, which was equal to fair value on July 1, 2017.2. Pub sold inventory items to Sub during 2019 at a gross profit to Pub of $720,000. Half the merchandise remained in Sub’s inventory at December 31, 2019. Total sales by Pub to Sub in 2019 were $1,800,000. The remaining merchandise was sold by Sub in 2020.3. Pub’s inventory at December 31, 2020, included items acquired from Sub on which Sub made…

Using the financial statements mentioned above estimate the annual rate of interest paid by the corporation (cost of debt). Also, find the tax rate and capitalization ratio (proportions among equity and debt). Using these values that you have found estimate the annual weighted cost of capital (WACC) of the corporation.

The 2019 financial statements for Growth Industries are presented below.   INCOME STATEMENT, 2019 Sales       $ 370,000   Costs         235,000   EBIT       $ 135,000   Interest expense         27,000   Taxable income       $ 108,000   Taxes (at 21%)         22,680   Net income       $ 85,320   Dividends $ 51,192         Addition to retained earnings $ 34,128              BALANCE SHEET, YEAR-END, 2019   Assets         Liabilities       Current assets         Current liabilities       Cash $ 6,000     Accounts payable $ 13,000   Accounts receivable   11,000     Total current liabilities $ 13,000   Inventories   33,000     Long-term debt   270,000   Total current assets $ 50,000     Stockholders’ equity       Net plant and equipment   310,000     Common stock plus additional paid-in capital   15,000             Retained earnings   62,000   Total assets $ 360,000     Total liabilities plus stockholders' equity $ 360,000        Sales and…

Here is financial information for Windsor, Inc. December 31, 2022 December 31, 2021 Current assets $104,753 $ 89,000 Plant assets (net) 367,169 319,000 Current liabilities 108,936 72,000 Long-term liabilities 109,986 83,000 Common stock, $1 par 120,946 106,000 Retained earnings 132,054 147,000 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) WINDSOR, INC. Assets Current Assets Condensed Balance Sheet December 31 2022 2021 $104,753 $89,000 Plant assets (net) 367,169 319,000 Total assets Liabilities Current Liabilities $471,922 $408,000 $108,936 $72,000 Long-term liabilities 109,986 83,000 +A +A Increase or (Decrease) Amount Percentage % de % % do % % de Total liabilities $218,922 $155,000 do % Stockholders' Equity Common stock, $1 par 120,946 106,000 % Retained earnings 132,054 147,000 %…

elected items from Lemus Enterprises 12-31-2019 and 12-31-2018, financial statements are presented below:   2019   2018 Accounts receivable $ 40,000     $ 36,000   Merchandise inventory $ 28,000       35,000   Net sales   190,000       186,000   Cost of goods sold   114,000       108,000   Total assets   425,000       405,000   Total shareholders' equity   240,000       225,000   Net income   32,500       28,000   Lemus's 2019 asset turnover is (rounded): Group of answer choices 3.73. 2.79. 2.24. 0.46.

The following condensed information was reported by Peabody Toys, Inc., for 2021 and 2020:                                                                                                                                   ($ in thousands)                                                                                                                                   2021         2020 Income statement information                                                            Net sales                                                                                                      $ 6,100      $ 5,000  Net income                                                                                                        286             142 Balance sheet information Current assets                                                                                             $    890       $    840 Property, plant, and equipment (net)…

Presented here are the comparative balance sheets of Hames Incorporated at December 31, 2023 and 2022. Sales for the year ended December 31, 2023, totaled $580,000. HAMES INCORPORATEDBalance SheetsDecember 31, 2023 and 2022   2023 2022 Assets     Cash $ 20,000 $ 20,000 Accounts receivable 78,000 72,000 Merchandise inventory 103,000 99,000 Total current assets $ 201,000 $ 191,000 Land 50,000 40,000 Plant and equipment 125,000 110,000 Less: Accumulated depreciation (65,000) (60,000) Total assets $ 311,000 $ 281,000 Liabilities     Short-term debt $ 18,000 $ 17,000 Accounts payable 64,400 75,500 Other accrued liabilities 20,000 18,000 Total current liabilities $ 102,400 $ 110,500 Long-term debt 22,000 30,000 Total liabilities $ 124,400 $ 140,500 Stockholders’ Equity     Common stock, no par, 100,000 shares authorized 40,000 and 25,000 shares issued, respectively $ 74,000 $ 59,000 Retained earnings:     Beginning balance $ 81,500 $ 85,000…