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

See similar textbooks

Similar questions

Want answer with calculation
Comment on the movements in the ratios over two years and adequacy of the level of gearing and interest cover For 2021: Total Debt = $m 9,194 Stockholders' Equity = $m 5,000 Gearing Ratio = Total Debt ÷ Stockholders' Equity = $m 9,194 ÷ $m 5,000 = 1.84 EBIT = $m 2,500 ( $m 2,400 + $m 100) Interest expense / Finance costs = $m 400 Interest Coverage Ratio = EBIT ÷ Interest expense /Finance costs = $m 2,500 ÷ $m 400 = 6.25 For 2022 : Total Debt = $m 8,685 Stockholders' Equity = $m 5,045 Gearing Ratio = Total Debt ÷ Stockholders' Equity = $m 8,685 ÷ $m 5,045 = 1.72 EBIT = $m 1,730 ( $m 1,700 + $m 30) Interest expense / Finance costs = $m 580 Interest Coverage Ratio = EBIT = Interest expense /Finance costs = $m 1,730 ÷ $m 580 = 2.98
The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous YearAccounts payable $114,240 $102,000Long-term debt 127,200 120,000 Based on this information, what is the amount and percentage of increase or decrease that wouldbe shown on a balance sheet with horizontal analysis?
. The following ratios have been calculated for Wholesale Appliances, Inc. Analyze the capital structure and long-term solvency of Wholesale Appliances, Inc. 2015 2014 Debt ratio (%) 77.8 90.3 Long-term debt to total capital (%) 29.8 66.1 Times interest earned (times) (2.0) (2.8) Cash interest coverage (times) 4.6 4.1 Fixed charge coverage (times) (0.4) (1.0) Cash flow adequacy (times) 0.2 0.3
For Solar Industries and its related but separate financing company Solar Financing Corp. Required: a. Calculate the debt to equity ratio for 2019 and 2020. (Round the final answers to 2 decimal places.) Solar Industries (in millions) Solar Financing Corp (in millions) 2020 2019 2020 2019 Total Debt (A) 43,550 37,400 89,460 77,152 Total Equity (B) 21,202 24.655 9,170 8,154 2.06 1.52 9.76 9.47
What is the comparison (analysis) of the Total Debt Ratio of Industry Average Ratio and the Company A Ratio? The Total Debt ratios has decreased and increased. Why? Industry Average Total Debt Ratio 2015: 33.33% 2016: 33.26% 2017: 41.31% 2018: 42.12% 2019: 37.69% Company A Total Debt Ratio 2015: 39.73% 2016: 46.81% 2017: 48.38% 2018: 47.27% 2019: 42.44%
I need help to determine the following; 4. For P & B Manufacturing to assess its debt management I need help to calculate the debt-to-equity ratio at the end of the year AND the equity multiplier. Include calculations and round answers to 2 decimal places.
2.The Moon Company had net income in 2022 of AED 40 million. Here are some of the financial ratios from the annual report. Return on Assets = 5% Debt Assets Ratio = 55% Profit Margin = 4.5% Inventory in days = 20 days Using these ratios, calculate the following for the Remal Company: a) Salesb) Total assetsc) Total asset turnover d) Total debte) Stockholders' equity f) Return on equityg) Inventory
Refer to the statements for Google. For the year ended December 31, 2017, what was its debt-to-equity ratio? What does this ratio tell us?
Attached is Apple Inc.'s financial information. Please answer questions 1-3. 1. Apple's acid-test ratio in 2021 is a. 1.49 b. 1.22 c. 1.56 d. 0.91 2. Apple's days' sales in receivables in 2021 is a. 61.26 b. 50.69 c. 38.27 d. 46.18 3. Apple's long term debt to equity ratio in 2021 is a. 2.54 b. 1.64 c. 0.87 d. 1.89
5. Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2006 is closest to:
The table below provides selected financial data for the Vogon Construction Co. in Years t and t-1. Interest Expense Short-Term Debt Long-Term Debt Total Liabilities Selected Financial Information Vogon Construction Co. Year t-1 Year t 32.4 12.6 61.0 67.1 140.0 461.0 35.3 388.4 What interest rate (on average) does the company pay on its borrowed funds? Express your answer in percentage form rounded to one decimal place.