Presented here are summarized data from the balance sheets and income statements of Wiper Inc.:   WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions)   2020 2019 2018 Current assets $ 650   $ 900   $ 700   Other assets   2,750     2,050     1,750   Total assets $ 3,400   $ 2,950   $ 2,450   Current liabilities $ 500   $ 800   $ 700   Long-term liabilities   1,500     1,000     800   Stockholders' equity   1,400     1,150     950   Total liabilities and stockholders' equity $ 3,400   $ 2,950   $ 2,450       WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions)   2020 2019 Income statement data:             Sales $ 3,300   $ 2,900   Operating income   380     300   Interest expense   80     70   Net income   300     230   Other data:             Average number of common shares outstanding   44     42   Total dividends paid $ 50   $ 30    Assume that accounts receivable at December 31, 2020, totaled $310 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations. Round your answer to 1 decimal place.)

Evaluate the company's perfomance and position using financial ratio analysis

The following amounts were taken from the financial statements of Bramble Company:      2020    2019 Total assets $840000 $1020000 Net sales    770000    640000 Gross profit    353000    350000 Net income    200000    111000 Weighted average number of common shares outstanding    40000    88000 Market price of common stock   $145.00         $36.00 The price-earnings ratio for 2020 is    5.00 times. 7.53 times. 31.00 times. 29.00 times.

Use the Ulta annual report to calculate profit margin, total debt ratio, and cash ratio for the year ending in 2021.

The current year financial statements for Blue Water Company and Prime Fish Company are presented below. Balance sheet Cash Accounts receivable (net) Inventory Property & equipment (net) Blue Water Prime Fish $ 42,400 45,000 $ 19,600 35,200 Other assets Total assets Current liabilities Long-term debt (interest rate: 10%) Capital stock ($10 par value) Additional paid-in capital Retained earnings Total liabilities and stockholders' equity $ 425,800 Income statement Sales revenue (1/3 on credit) Cost of goods sold Operating expenses Net income Other data Per share stock price at end of current year Average income tax rate $ 426,000 (234,000) (163,800) 92,000 161,000 85,400 $ 425,800 $ 92,000 74,800 157,800 30,400 70,800 48,400 417,800 319,000 $ 840,000 $ 70,000 62,800 526,000 107,400 73,800 $ 840,000 $ 788,000 (401,400) (312,400) $ 28,200 $ 74,200 $ 23.4 30% $ 29 30% Dividends declared and paid in current year $ 34,400 $ 155,000 Both companies are in the fish catching and manufacturing…

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Presented below are the comparative income and retained eamings statements for Buffalo Inc. for the years 2020 and 2021. 2021 2020 Sales $314,000 $272,000 Cost of sales 200,000 147,000 Gross profit 114,000 125,000 Еxpenses 94,500 52,700 Net income $19,500 $72,300 Retained earnings (Jan. 1) $116,900 $70,700 Net income 19,500 72,300 Dividends (27,000 ) (26,100 ) Retained earnings (Dec. 31) $109,400 $116,900 The follawing additional information is provided: In 2021, Buffalo Inc. decided to switch its depreciation method from sum-of-the-years' digits to the straight-line method. The assets were purchased at the beginning of 2020 for $98,000 with an estimated useful life of 4 years and no salvage value. (The 2021 income statement contains depreciation expense of $29,400 on the assets purchased at the beginning of 2020.) 1. In 2021, the company discovered that the ending inventory for 2020 was overstated by $24,100; ending inventory for 2021 is correctly stated. 2. Prepare the revised…

compute the amount of stock issuance for December 2019 assets 85000. liabilities 24000. net income 14000. cash dividends 0.  December 2018 assets 60,000. liabilities 40,000

Comparative Statements of Retained Earnings for Renn-Dever Corporation were reported as follows for the fiscal years ending December 31, 2022, 2023, and 2024. RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2024 2023 2022 Balance at beginning of year $ 6,970,692 $ 5,584,452 $ 5,694,552 Net income (loss) 3,315,700 2,310,900 (110,100) Deductions:       Stock dividend (35,400 shares) 249,000     Common shares retired, September 30 (140,000 shares)   219,660   Common stock cash dividends 896,950 705,000 0 Balance at end of year $ 9,140,442 $ 6,970,692 $ 5,584,452 At December 31, 2021, paid-in capital consisted of the following: Common stock, 1,910,000 shares at $1 par $ 1,910,000 Paid in capital—excess of par 7,490,000 No preferred stock or potential common shares were outstanding during any of the periods shown. Required: Compute Renn-Dever’s earnings per share as it would have appeared in income statements for the…