Consider the following simplified financial statements for the Phillips corporation assuming no income taxes: income statement: sales $22,000, cost 14,000, net income $8,000, assets: $9,200, total $9,200, Debt $ 4,900, equity 4,300, total $9,200 Phillips has predicted a sales increase of 11 percent. If has predicted that every item on the balance sheet will increase by 11 percent as well. Calculate the dividend paid.
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Consider the following simplified financial statements for the Phillips corporation assuming no income taxes: income statement: sales $22,000, cost 14,000, net income $8,000, assets: $9,200, total $9,200, Debt $ 4,900, equity 4,300, total $9,200 Phillips has predicted a sales increase of 11 percent. If has predicted that every item on the balance sheet will increase by 11 percent as well. Calculate the dividend paid.
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- Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs Taxable income Taxes (22%) Net income Dividends Addition to retained earnings HEIR JORDAN CORPORATION Pro Forma Income Statement $3,500 5,938 Sales Costs Taxable income Taxes Net income $ 53,000 40,900 A 20 percent growth rate in sales is projected. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Input all answers as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) $ 12,100 2,662 $ 9,438Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Sales Costs Net income $46,900 41,140 $ 5,760 Balance Sheet Assets $22,700 Debt $ 6,700 Equity 16,000 Sales Costs Net income Total $22,700 Total $22,700 The company has predicted a sales increase of 18 percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, ship but debt and equity do not. Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole dollar amount.) Pro forma income statement $ 55,342 Assets Total $ $ GA Pro forma balance sheet 26,786 Debt Equity 26,786 TotalConsider the following simplified financial statements for the Wesney Corporation (assuming no income taxes): Income Statement Sales Costs $ 30,900 23,060 Net income $7,840 Total Assets Sales Costs Net income Pro forma income statement Balance Sheet $ Debt 25,450 Equity The plug variable is $ 25,450 The company has predicted a sales increase of 12 percent. It has predicted that every item on the balance sheet will increase by 12 percent as well. Assets Create the pro forma statements and reconcile them. (Input all answers as positive values. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) Total Total Assets $ 6,950 18,500 $ 25,450 in the amount of What is the plug variable? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Pro forma balance sheet Debt Equity Total Debt and Equity
- Consider the following income 'statement for the Mickey Mouse Corporation: Mickey Mouse Corporation Income Statement Sales Costs Taxable income Taxes (22%) Net income Dividends $ 2,200 Addition to retained earnings 5,912 $ 45,600 35,200 HEIR JORDAN CORPORATION Pro Forma Income Statement $ 10,400 2,288 $8,112 The projected sales growth rate is 18 percent. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. (Do not round) Intermediate calculations and round your answers to the nearest whole number, e.g.. 32.)Using the DuPont method, evaluate the effects of the following relationships for the Butters Corporation. A.Butters Corporation has a profit margin of 5.5 percent and its return on assets (investment) is 8.75 percent. What is its assets turnover? Round your answer to 2 decimal places. ______ times B.If the Butters Corporation has a debt-to-total-assets ratio of 65.00 percent, what would the firm’s return on equity be? Note: Input your answer as a percent rounded to 2 decimal places. C.What would happen to return on equity if the debt-to-total-assets ratio decreased to 60.00 percent? Input your answer as a percent rounded to 2 decimal places.Consider the following income statement for Jordan Corporation:Jordan CorporationIncome Statement Sales₱ 38,000 Costs18,400 Taxable Income₱19,600 Taxes (34%)6,664 Net Income₱12,936 Dividends₱5,200 Addition to Retained Earnings7,736 A 25% growth rate in sales is projected. Prepare a pro forma income statement assuming costs vary with sales and the dividend payout ratio is constant. What is the projected addition to retained earnings?
- Use the information below to build a properly formatted income statement. A: The firm has 25,280,000 shares outstanding and its earnings per share is $2.40. Calculate Net Income. B: The firm's corporate tax rate is 40%. Calculate the firm's EBT. C: After completing A and B above, what is the firm's corporate tax expense? D: The firm's operating income is 1.80 times its Net Income. Determine the firm's EBIT. E: Given your answer to D, calculate the firm's Interest Expense. F: After completing the above: Gross Profit is 18.00 times its Interest Expense. Calculate Gross Profit. G: Finally, the firm's Revenue is 1.50 times its EBIT. Calculate the firm's Revenue. INSTRUCTIONS: Write ratios involving dollar amounts out to the penny, with no dollar sign: 1000.00. All ratios and interest rates should be calculated as follows: 11.28 (no percent sign) For this problem: Net Income = Earnings before Taxes = Тах еxpens 3 Earnings before Taxes & Interest = Interest expense = Gross profit = Revenue =Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 46,100 Assets $ 24,300 Debt $ 6,300 Costs 39,630 Equity 18,000 Net income $ 6,470 Total $ 24,300 Total $ 24,300 The company has predicted a sales increase of 10 percent. It has predicted that every item on the balance sheet will increase by 10 percent as well. Create the pro forma statements and reconcile them. (Input all answers as positive values. Do not round intermediate calculations.) Pro forma income statement Pro forma balance sheet Sales $50,710 Assets $26,730 Debt ? Costs 43,593 Equity ? Net income $7,117 Total $26,730 Total $26,730 What is the plug variable? The plug variable is dividends paid in the amount of ?????? .Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes) Balance Sheet $10.100 Debt Equity income Statement Sales $25,000 Assets $5,800 Costs 12.900 4,300 Net income $ 12.100 Total $ 10100 Total $ 10100 The company has predicted a sales increase of 12 percent It has predicted that every item on the balance sheet will increase by 12 percent as well. Create the pro forma statements and reconcile them What is the plug variable here? Multiple Choice $13.010 $13.015 O s13.021 $23.940 $13.036
- Consider the following simplified financial statements for the Wims Corporation (assuming no income taxes): Income Statement Balance Sheet Sales $ 25,000 Assets $ 9,200 Debt $ 4,700 Costs 13,800 Equity 4,500 Net income $ 11,200 Total $ 9,200 Total $ 9,200 The company has predicted a sales increase of 9 percent. It has predicted that every item on the balance sheet will increase by 9 percent as well. Create the pro forma statements and reconcile them. What is the plug variable here?Keller Cosmetics maintains an operating profit margin of 9.00% and a sales-to-assets ratio of 3.90. It has assets of $700,000 and equity of $500,000. Assume that interest payments are $50,000 and the tax rate is 30%. a. What is the return on assets? (Enter your answer as a percent rounded to 2 decimal places.) b. What is the return on equity? (Enter your answer as a percent rounded to 2 decimal places.) Sara Togas sells all its output to Federal Stores. The following table shows selected financial data, in millions, for the two firms: Sales Interest Payment Net Income Assets at Start of Year Federal Stores $117 $21 $27 $67 Sara Togas 37 18 21 28.5 Assume tax rate is 35%. a. Calculate the sales-to-assets ratio, the operating profit margin, and the return on assets for the two firms. (Do not round intermediate calculations. Round the sales-to-assets ratio answers to 2 decimal places. Enter the operating profit margin and return on assets answers as a percent rounded to 2 decimal…Keller Cosmetics maintains an operating profit margin of 8.15% and a sales-to-assets ratio of 3.20. It has assets of $530,000 and equity of $330,000. Assume that interest payments are $33,000 and the tax rate is 30%. a. What is the return on assets? b. What is the return on equity? Note: For all requirement, enter your answers as a percent rounded to 2 decimal places. a. Return on assets b. Return on equity % %