INCOME STATEMENTS Net sales COGS (excl. depr.) Depreciation Other operating expenses EBIT Interest expense Pre-tax earnings Taxes (40%) NI before pref. div. Preferred div. Net income Other Data Common dividends Addition to RE Tax rate Shares of common stock Earnings per share Dividends per share Price per share 2014 $ 4,760 3,560 170 480 550 100 450 180 270 8 262 $48 $214 40% 50 $5.24 $0.96 $40.00 $ $ $ $ 50 F 2015 $ 5,000 3,800 200 500 $ 500 120 $ 380 152 $ 228 8 $ 220 $50 $170 40% 50 $4.40 $1.00 $27.00 BALANCE SHEETS Assets Cash ST Investments Accounts receivable Inventories Total CA Net PP&E Total assets Liabilities and equity Accounts payable Accruals Notes payable Total CL Long-term bonds Total liabilities Preferred stock Common stock Retained earnings Total common equity Total liabs. & equity 2015 $ 60 50 40 380 500 1,000 820 $ 1,550 $ 1,300 1,700 2,000 $ 3,000 $ 3,550 $ 190 $ 200 280 300 130 600 280 780 1,200 1,000 $ 1,600 $ 1,980 100 100 500 500 800 970 $ 1,300 $ 1,470 $ 3,000 $ 3,550 S 2014 $ S

INCOME STATEMENTS Net sales COGS (excl. depr.) Depreciation Other operating expenses EBIT Interest expense Pre-tax earnings Taxes (40%) NI before pref. div. Preferred div. Net income Other Data Common dividends Addition to RE Tax rate Shares of common stock Earnings per share Dividends per share Price per share 2014 $ 4,760 3,560 170 480 550 100 450 180 270 8 262 $48 $214 40% 50 $5.24 $0.96 $40.00 $ $ $ $ 50 F 2015 $ 5,000 3,800 200 500 $ 500 120 $ 380 152 $ 228 8 $ 220 $50 $170 40% 50 $4.40 $1.00 $27.00 BALANCE SHEETS Assets Cash ST Investments Accounts receivable Inventories Total CA Net PP&E Total assets Liabilities and equity Accounts payable Accruals Notes payable Total CL Long-term bonds Total liabilities Preferred stock Common stock Retained earnings Total common equity Total liabs. & equity 2015 $ 60 50 40 380 500 1,000 820 $ 1,550 $ 1,300 1,700 2,000 $ 3,000 $ 3,550 $ 190 $ 200 280 300 130 600 280 780 1,200 1,000 $ 1,600 $ 1,980 100 100 500 500 800 970 $ 1,300 $ 1,470 $ 3,000 $ 3,550 S 2014 $ S

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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