Hijab Alisha company has financial data for 2021 as follows: Calculate the firm's earnings available to common shareholders for 2021 and what is the net profit after tax for 2021
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- Cash Accounts receivable (net) Inventories Plant assets (net) Accounts payable Income taxes payable Bonds payable 10% Preferred stock, $50 par Common stock, $10 par -in capital in excess of par y Retained earnings Net credit sales Cost of goods sold Operating expenses Net income 1,500/7,200 1,300/7,200 2021 2020 $1,500,000 $1,000,000 o 1,500/8,000 1,300/8,000 December 31 " 1,600,000 2,600,000 7,000,000 1,100,000 200,000 1,400,000 2,000,000 2,400,000 1,600,000 4,000,000 12,800,000 8,400,000 2,900,000 1,500,000 67. The return on common stock holders' equity for 2021 is 1,200,000 2,200,000 6,500,000 800,000 100,000 Additional information: Depreciation included in cost of goods sold and operating expenses is $1,220,000. On May 1, 2021, 60,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2021. 1,400,000 2,000,000 1,800,000 1,300,000 3,500,000Debt to Assets ratio? Current assets $22400 Net income $44500 Stockholders' Current liabilities 13400 66400 equity Average assets 132000 Total liabilities 28600 Total assets 87000 Average common shares outstanding was 17000. 21.7 percent 43.8 percent 32.9 percent 33.7 percentBlum Co. has the following balance sheet: 2023 $18,000 17,500 16,000 13,000 19,000 (12,000) Cash A/R Inventory L/T Investments Equipment Accum Depr A/P Accrued expenses Bonds Payable Common Stock Retained Earnings $69,000 47,000 22,000 11,500 $10,500 $12,000 2,000 14,000 19,000 24,500 The condensed income statement for 2023 is as follows: Sales COGS Gross Profit Operating expenses Net Income Additional Data: Equipment was bought for cash. Investments were sold at book value. Dividends of 5,000 were paid in cash. Stock was issued for cash. Bonds were retired for cash. 2022 $11,500 13,000 19,000 14,000 17,000 (11,500) $ 9,000 3,000 15,000 17,000 19,000 Prepare a Statement of Cash Flows (Indirect Method).for 2023. The stmt of CF must be presented in proper format. SHOW ALL COMPUTATIONS.
- SalesOperating costs (excluding depreciation and amortization) EBITDADepreciation and amortization Earnings before interest and taxes Interest Earnings before taxesTaxes (40%)Net income available to common stockholders Common dividendsSEBRINGCORPORATION: BALANCESHEETSFORYEARENDINGDECEMBER31 (FIGURES ARE STATED IN MILLIONS) Assets: Cash and marketable securities Accounts receivableInventories Total current assets Gross Fixed Assets Less DepreciationNet plant and equipment Total assets 2005 2004 $3,600.0 $3,000.0 $3,060.0 $2,550.0 $540.0 $450.0 90.0 75.0 $450.0 $375.0 65.0 60.0 $385.0 $315.0 154.0 126.0 $231.0 $189.0 $15.0 $13.0 2005 2004 $ 36.00 $ 30.00 $ 340.00 $ 250.00 $ 457.00 $ 351.00 $ 833.00 $ 631.00 $ 1,065.00 $ 825.00 $ (165.00) $ (75.00) $ 900.00 $ 750.00 $ 1,733.00 $ 1,381.00 $ 324.00 $ 270.00 $ 201.00 $ 155.00 $ 216.00 $ 180.00 $ 741.00 $ 605.00 $ 450.00 $ 450.00 $ 1,191.00 $ 1,055.00 $ 150.00 $ 150.00 $ 392.00 $ 176.00 $ 542.00 $ 326.00 $ 1,733.00 $ 1,381.00…Balance Sheet Current assets Cash 870,000 Acc receivable not given Inventories 1,340,000 Fixed assets 4,190,000 TOTAL ASSETS 7,900,000 Current liabilities Acc payable not given Long-term debt 4,000,000 Common stock 950,000 Retained earnings 2,390,000 TOTAL LIAB and EQUITY 7,900,000 Income Statement Sales 31, 600,000 Operating expense 24, 650,000 EBIT 6,950, 000 nterest expense 520,000 EBT 6, 430, 000 Taxes 2,572,000 Net income 3,858,000 What is the firm's return on common equity? 161.42% 406.11% 115.51% 48.84% 52.56%S equity at acquesition consist of 300000 common stock and 100000 retained earning inventory understated 20000 of which 80% sold in y1 and15% sold in y2 note payable overstated 9000 and 3 years to maturity note receivable overstated 6000 and 24 months remaining to mature S net income for year 1 was 60000 and S net income for year 2 was 70000 S dividends in year 1 = 15000 in year 2 = 1500 sales from P to S year 1 of product A 1000 at $18 cost of those to P was $14 and S sold to external at $22 in year 1 S sold 600 and in year 2 S sold 400 sales from S to P year 1 of product B 900 at $17 these cost S $15 and P sold to external at $20 in in Year 1 P sold 700 and in year 2 150 sales from P to S year 2 product C 500 at $20 these cost P $17 and S sold 150 units to external at $25 sales from S to P year 2 product D 400 at $18 these cost S $12 and P sold 150 units to external at $20 i will provide you with these info, i want answers for second year and P percentage of S is 66% find: upstream…
- The accumulated profit account of One San Miguel Co, follows: Date Item Debit Credit 07/01/2020 Balance 48,500.00 08/31/2020 Dividends paid 12/31/2020 Net income for the year 20,000.00 32,400.00 04/01/2021 Premium on capital share 06/30/2021 Gain on treasury share 15,000.00 10,000.00 09/30/2021 Dividends declared 30,000.00 12/31/2021 Net Income for the year 45,100.00 Appraisal increase of land 30,000.00 Balance 131,000.00 181,000.00 181,000.00 What is the correct balance of Accumulated Profits on December 31, 2021?Income Statement as of December 31 EBITDA Depreciation and Amortization Interest Taxes 40% Net Income Other Information WACC Number of common shares outstanding Price per share What was 2014 EVA? $71,064 $(22,064) $(71,064) $22.064 420,000.0 49,000.0 36,400.0 133,840.0 200,760.0 2014 22.80% 14,000 $88.50Balance sheet Cash Current liability Accounts receivable Long-term debt 120,000 Inventories Common stock Fixed assets Retained earnings 195,000 Total assets $ 600,000 Total liabilities and equity Sales Cost of good sold Current ratio:2.00 X Fixed assets turnover 3.00 X Inventory turnover 5.00 X Days sales outstanding 36.5 days Total assets turnover 1.5 X Gross profit margin on sales: = 30%
- Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $355,300 $211,680 Property, plant, and equipment 543,400 509,600 Intangible assets 146,300 62,720 Current liabilities 188,100 94,080 Long-term liabilities 428,450 321,440 Common stock 104,500 109,760 Retained earnings 323,950 258,720 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current year year Amount Percent Previous Previous year year Amount Percent Current assets $355,300 $211,680 % Property, plant, and equipment 543,400 509,600 % Intangible assets % 146,300 62,720 % % %PNG Company Comparative Balance Sheets For the year ended December 31 20X1 20X0 Current assets Cash $157,000 $105,000 Accounts receivable 49,000 62,000 Inventory 53,700 36,100 Prepaid rent 11,400 8,300 Total current assets $271,100 $211,400 Long-term assets Investment in bonds $30,000 $14,800 Land 216,300 184,200 Equipment (net) 114,500 137,900 Total long-term assets $360,800 $336,900 Total assets $631,900 $548,300 Current liabilities Accounts payable $61,300 $52,700 Interest payable 4,900 8,500 Income tax payable 15,400 12,600 Total current liabilities $81,600 $73,800 Long-term liabilities Bonds payable $173,800 $205,400 Stockholders' equity Common stock…SNIDER CORPORATIONBalance SheetDecember 31, 20X1 Assets Current assets: Cash $ 52,200 Marketable securities 24,400 Accounts receivable (net) 222,000 Inventory 238,000 Total current assets $ 536,600 Investments 65,900 Plant and equipment. $615,000 Less: Accumulated depreciation 271,000 Net plant and equipment 344,000 Total assets $ 946,500 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 93,400 Notes payable 70,600 Accrued taxes 17,000 Total current liabilities $ 181,000 Long-term liabilities: Bonds payable 153,200 Total liabilities $ 334,200 Stockholders' equity Preferred stock, $50 par value $ 100,000 Common stock, $1 par value 80,000 Capital paid in excess of par 190,000 Retained earnings 242,300 Total stockholders' equity $ 612,300 Total liabilities and stockholders' equity $ 946,500…