FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- The following information was available for the year ended December 31, 2016: Sales $ 460,000 Net income 66,140 Average total assets 760,000 Average total stockholders' equity 365,000 Dividends per share 1.33 Earnings per share 3.00 Market price per share at year-end 27.60 a. Calculate margin, turnover, and ROI for the year ended December 31, 2016. (Round your intermediate calculations and final answers to 2 decimal places.) b. Calculate ROE for the year ended December 31, 2016. (Round your answer to 2 decimal places.) c. Calculate the price/earnings ratio for 2016. (Round your answer to 2 decimal places.) d. Calculate the dividend payout ratio for 2016. (Round your answer to 2 decimal places.) e. Calculate the dividend yield for 2016. (Round your answer to 2 decimal places.)arrow_forwardSelected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable (net) Inventory Total assets Total common stockholders' equity a. b. C. d. e. Profit margin Asset turnover Return on assets 2025 $5,050.3 Gross profit rate 3,700.7 65.1 65.0 1.250.1 Compute the following ratios for 2025. (Round asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%) 2,950.1 940.6 Return on common stockholders' equity 2024 $5,800.9 3,200.1 190.9 106.6 1,350.1 3,250.1 1,100.5 % times % % %arrow_forwardExcerpts from Hulkster Company's December 31, 2024 and 2023, financial statements are presented below: 2024 2023 Accounts receivable $ 62,000 $ 47,000 Merchandise inventory 39,000 57,000 Net sales 261,600 251,000 Cost of goods sold 136,000 119,000 Total assets 447,000 416,000 Total shareholders' equity 262,000 236,000 Net income 49,000 39,000 Hulkster's 2024 average collection period is:arrow_forward
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