mework i0encesMcGrawHillINCOME STATEMENT OF QUICK BURGER CORPORATION, 2022(Figures in $ millions)Net salesCostsDepreciationEarnings before interest and taxes (EBIT)Interest expensePretax incomeFederal taxes (@ 21%)Net incomeAssetsCurrent assetsCash and marketable securitiesReceivablesInventoriesOther current assetsTotal current assetsFixed assetsProperty, plant, and equipmentIntangible assets (goodwill)Other long-term assetsTotal assetsa. Free cash flowb. Additional taxc. Free cash flowmillionmillionmillion$ 27,57117,5731,406$ 8,59252120228,0711,695$ 6,376BALANCE SHEET OF QUICK BURGER CORPORATION, 2022(Figures in $ millions)2021$ 2,3401,3791261,093$ 4,938$ 24,6812,8082,987$ 35,414$ 2,3401,339121620$ 4,420Saved$ 22,8392,6573,103Liabilities and Shareholders' EquityCurrent liabilitiesDebt due for repaymentLong-term debtOther long-term liabilitiesTotal liabilitiesTotal shareholders' equity$ 33,019 Total liabilities and shareholders' equity< Prev***********Accounts payableTotal current liabilitiesIn 2022 Quick Burger had capital expenditures of $3,053.a. Calculate Quick Burger's free cash flow in 2022.Note: Enter your answer in millions.b. If Quick Burger was financed entirely by equity, how much more tax would the company have paid? (Assume a tax rate of 21%.)Note: Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.c. What would the company's free cash flow have been if it was all-equity financed?Note: Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole number.5 of 52022NextSHARROAK$ 3,407$ 3,407-$ 13,6373,061$ 20,10515,309$ 35,414Help2021Save$ 3793,147$ 3,526$ 12,1382,961$ 18,62514,394$ 33,019C

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Description: mework i0encesMcGrawHillINCOME STATEMENT OF QUICK BURGER CORPORATION, 2022(Figures in $ millions)Net salesCostsDepreciationEarnings before interest and taxes (EBIT)Interest expensePretax incomeFederal taxes (@ 21%)Net incomeAssetsCurrent assetsCash

Free Cash flow Free cash flow is the cash that is left over from operation of the company after…

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INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 218) Net income Assets Current assets Cash and marketable securities" Receivable $ 27,571 17,573 1,406 $ 8,592 521 8,071 1,695 $ 6,376 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 2021 2022 $ 2,340 Liabilities and Shareholders' Equity Current liabilities $ 2,340 Debt due for repayment 2022 2021

INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 218) Net income Assets Current assets Cash and marketable securities" Receivable $ 27,571 17,573 1,406 $ 8,592 521 8,071 1,695 $ 6,376 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 2021 2022 $ 2,340 Liabilities and Shareholders' Equity Current liabilities $ 2,340 Debt due for repayment 2022 2021

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

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The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2019. INCOME STATEMENT OF QUICK BURGER CORP., 2019 (Figures in $ millions) $ 27,583 17,585 1,418 Net sales Costs Depreciation Earnings before interest and taxes Interest expense (ЕBIT) $ 8,580 533 Pretax income 8,047 Federal taxes (@ 21%) 1,690 Net income $ 6,357 BALANCE SHEET OF QUICK BURGER CORP., 2019 (Figures in $ millions) Assets 2019 2018 Liabilities and Shareholders Equity 2019 2018 Current assets Current liabilities $ 2,352 1,351 Debt due for repayment Accounts payable Cash and marketable securities $ 2,352 $ $ 3,419 $ 3,419 415 3,159 $ 3,574 Receivables 1,391 Inventories 138 133 Total current liabilities 1,105 $ 4,986 Other current assets 632 Total current assets $ 4,468 Long-term debt Other long-term liabilities $12,150 2,973 $18,697 14,406 Fixed assets $13,649 Property, plant, and equipment Intangible assets (goodwill) Other long-term assets 3,073 $20,141 15,357…
Financial statements for Askew Industries for 2024 are shown below (in thousands): 2024 Income Statement Net sales Cost of goods sold Gross profit Operating expenses Interest expense Income tax expense Net income Assets Cash Bonds payable Common stock Retained earnings $ 9,100 (6,325) 2,775 (2,125) Comparative Balance Sheets Accounts receivable Inventory Property, plant, and equipment (net) (210) (176) $264 Liabilities and Shareholders' Equity Current liabilities 1. Inventory turnover ratio 2. Average days in inventory 3. Receivables turnover ratio Required: Calculate the following ratios for 2024. 4. Average collection period 5. Asset turnover ratio December 31 6. Profit margin on sales 7. Return on assets 8. Return on equity 9. Equity multiplier 10. Return on equity (using the DuPont framework) 2024 $ 610 610 810 2,100 $ 4,130 $ 1,160 1,450 610 910 $ 4,130 Note: Consider 365 days a year. Round your intermediate calculations and final answers to 2 decimal places. times days times days…
Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable. Inventory Total Fixed assets Net plant and equipment Total assets SMOLIRA GOLF, INCORPORATED 2022 Income Statement Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes Net income Dividends Retained earnings $ 189,170 127,103 Profit margin Total asset turnover Equity multiplier Return on equity 5,243 $ 56,824 1,340 $ 55,484 19,419 $ 36,065 $ 11,995 24,070 19.06 % SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities. Accounts payable Notes payable Other 1.81 times 0.00 times 0.00% 2021 $ 2,941 4,722 12,658 $20,321 $ 2,857 5,691 13,692 $ 22,240 $ 56,170 $ 82,001 $ 76,491 $ 104,241 Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity. 2021 $ 2,198 1,795 99 $4,092 $14,200 $ 42,500…
Given the data in the following table, the entry for Inventories on the 2023 common-sized balance sheet was %.
Monty Corp.’s comparative balance sheets are as follows. Monty Corp.Comparative Balance SheetsDecember 31 2022 2021 Cash $ 16,700 $ 17,500 Accounts receivable 25,100 22,300 Investments 19,850 15,850 Equipment 60,050 69,950 Accumulated depreciation—equipment (14,150 ) (10,100 ) Total $107,550 $115,500 Accounts payable $ 14,750 $ 11,150 Bonds payable 11,000 30,000 Common stock 49,900 45,300 Retained earnings 31,900 29,050 Total $107,550 $115,500 Additional information: 1. Net income was $18,250. Dividends declared and paid were $15,400. 2. Equipment which cost $9,900 and had accumulated depreciation of $2,000 was sold for $3,400. 3. No noncash investing and financing activities occurred during 2022. Prepare a statement of cash flows for…
Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Corporation Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Total liabilities Walmart Inc. Income Statement Data for Year $65,357 $408,214 45,583 304,657 79,607 707 2,065 (94) (411) 1,384 7,139 $ 2,488 $ 14,335 Balance Sheet Data (End of Year) $18,424 $48,331 122,375 $170,706 $55,561 44,089 71,056 $170,706 15,101 26,109 $44,533 $11,327 17,859 15,347 $44,533 Beginning-of-Year Balances $44,106 $163,429 65,682 55,390 97,747 13,712 10,512 30,394 Other Data
Given the data in the following table, accounts receivable in 2023 was…
Financial statements for Askew Industries for 2024 are shown below (in thousands): 2024 Income statement Net sales Cost of goods sold Gross profit Operating expenses Interest expense Income tax expense Net income Assets Cash $ 9,400 (6,400) 3,000 (2,200) (240) (224) $ 336 Bonds payable Common stock Retained earnings Comparative Balance Sheets. Accounts receivable Inventory Property, plant, and equipment (net) Liabilities and Shareholders' Equity Current liabilities December 31 2024 $ 640 640 840 2,400 $ 4,520 $ 1,340 1,600 640 940 $ 4,520 2023 $ 540 440 640 2,500 $4,120 $ 1,090 1,600 640 790 $ 4,220 Required: Calculate the following ratios for 2024 Note: Consider 365 days a year. Do not round intermediate calculations and round your final answers to 2 decimal places.
Question Five: Below given are the Income statement and Balance Sheet of ABC Corp. for the year 2021. Income statement Sales Costs Taxable income Taxes (40%) Net income Current Assets Fixed Assets $ 6,000.00 3,900.00 2,100,000 840.000 $ 1,260,000 Total 5,000 7,000 12,000 Balance Sheet Current Liabilities 1,200 Long Term Debt Equity 4,000 Total 6,800 12,000 Assets and costs are proportional to sales and Debt and Equity are not. The company maintains a constant 40% dividend payout ratio. As with every other firm in its industry, next year's sales are projected to increase by exactly 10%. 60 % Required: a) Draw the 2022 pro-forma Income Statement and the Balance sheet for ABC Corp and find the External Financing Figure (needs). 2022
Subject: acounting
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Target Corporation Income Statement Data for Year $65,357 45,583 15,101 707 (94) 1,384 $ 2,488 $18,424 26,109 Balance Sheet Data (End of Year) $44,533 $11,327 17,859 15,347 Walmart Inc. $44,533 $408,214 304,657 79,607 10,512 2,065 (411) 7,139 $ 14,335 $48,331 122,375 $170,706 $55,561 44,089 71,056 $170,706 Beginning-of-Year Balances $44,106 13,712 $163,429 65,682 55,390
Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation Taxable income Taxes (22%) Earnings before interest and taxes Interest paid Net income Dividends Retained earnings 2020 $35,585 $38,940 28,846 43,112 18,401 3,970 SMOLIRA GOLF CORPORATION 2021 Income Statement a. Price-earnings ratio b. Dividends per share c. Market-to-book ratio d. PEG ratio SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities $57,956 $110,898 $ 465,585 $ 27,000 37,022 Accounts payable Notes payable Other $ 521,433 Total $ 523,541 $ 632,331 Total liabilities and owners' equity Long-term debt times Owners' equity Common stock and paid-in surplus Accumulated retained earnings times times Total $ 512,454 363,528 45,963 $102,963 20,883 $ 82,080 18,058 $ 64,022 Smolira Golf Corporation has 52,000…

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