Return on Assets The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.) 2016 Sales revenue $210,000 Cost of goods sold 125,000 Net income 8,800 Dividends 3,100 Earnings per share 4.40   Hi-Tech Instruments, Inc. Balance Sheet (Thousands of Dollars) Dec. 31, 2016 Dec. 31, 2015 Assets     Cash $19,300 $18,000 Accounts receivable (net) 46,000 41,000 Inventory 39,500 43,700 Total current assets 104,800 102,700 Plant assets (net) 52,600 50,500 Other assets 15,600 13,800 Total assets 173,000 $167,000 Liabilities and Stockholders' Equity     Notes payable-banks $6,000 $6,000 Accounts payable 22,500 18,700 Accrued liabilities 16,500 21,000 Total current liabilities 45,000 45,700 9% Bonds payable 41,000 40,000 Total liabilities 86,000 85,700 Common stock, $25 par value (2,000,000 shares) 50,000 50,000 Retained earnings 37,000 31,300 Total stockholders' equity 87,000 81,300 Total liabilities and stockholders' equity 173,000 $167,000   Industry Average Ratios for Competitors Quick ratio 1.3 Current ratio 2.4 Accounts receivable turnover 5.9 times Inventory turnover 3.5 times Debt-to-equity ratio 0.73 Gross profit percentage 42.8 percent Return on sales 4.5 percent Return on assets 7.6 percent   Calculate the company's return on assets for 2016. Round answer to one decimal place. (Ex.: 0.2345 = 23.5%) Answer   %

Genesls Corp. Income Statement For Year Ended December 31, 2014 1 590.000 Sales $300,000 Cost of goods sold Wages and other operating expenses. Interest expense. 216,000 7,000 15,000 Income taxes expense 24,000 Depreciation expense. Los on sale of equipment Gain on retirement of bonds. (562,000) (6,000) 16,000 $ 38,000 Net income Genesis Corp. Balance Sheet December 31, 2014 and 2013 2014 2013 Assets Current assets: $ 17,000 $ 12,000 40,000 70,000 Cash Accounts receivable 60,000 Merchandise iventory 84.000 Prepaid expenses... Total current assets.. 6,000 4,000 S167,000 $126,000 Long-term assets: Property, plant and equipment. Less: Accumulated depreciation $210,000 (48,000) $288.000 $250,000 (60,000) $357,000 Total assets. Liabilities Current liabilities: Accounts payable Interest payable Income taxes payable Total current lilabilities. Long-term liabilities Bonds payable- $ 40,000 5 35,000 3,000 4,000 12,000 $ 56,000 22.000 S 60,000 64.000 $120.000 90,000 Total liabilities $150,000…

Balance Sheet Year 2014 & 2015 (amounts in $) 2014 2015 Cash 140 210 Accounts receivable 340 380 Inventory 550 590 Net fixed assets 3,600 3,500 Total assets 4,630 4,680 Accounts payable 320 280 Notes payable 400 300 Long-term debt 1,100 1,400 Common stock 1,200 980 Retained earnings 1,610 1,720 Total liabilities and equity 4,630 4,680 Income statement Year 2015 Sales 6,230 COGS 4,720 Depreciation 440 Interest 75 Taxes 350 Net income 645 Number of shares outstanding 100 What is the dividend payout ratio for 2015?   a. 0.83   b. 0.04   c. 0.39   d. 0.02   e. 0.67

Intel Corporation reported the following in its 2016 financial statements (in millions):  December 31, 2016 2015 Total assets $113,327 $101,459 Revenues 59,387 55,355 Research and development expenses 12,740 12,128 Net income 10,316 11,420 What is the common-size amount for Intel Corporation’s research and development expense for 2016?   A. 17.4%   B. 21.5%   C. 11.2%   D. 78.5%   E. None of the above

Presented below are selected ledger accounts of Oriole Corporation as of December 31, 2017. Cash   $68,000 Administrative expenses   106,700 Selling expenses   83,090 Net sales   544,700 Cost of goods sold   265,900 Cash dividends declared (2017)   22,650 Cash dividends paid (2017)   22,000 Discontinued operations (loss before income taxes)   41,200 Depreciation expense, not recorded in 2016   36,000 Retained earnings, December 31, 2016   96,390 Effective tax rate 30%     (a) Net income   $ 33,467   (b) Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 19,480 shares of common stock were outstanding during 2017. (Round earnings per share to 2 decimal places, e.g. 1.58.) ORIOLE CORPORATIONIncome Statement…

Analysis and Interpretation of ProfitabilityBalance sheets and income statements for 3M Company follow. 3M COMPANY Consolidated Statements of Income For Years ended December 31 ($ millions) 2018 2017 Net sales $32,765 $31,657 Operating expenses     Cost of sales 16,682 16,055 Selling, general and administrative expenses 7,602 6,626 Research, development and related expenses 1,821 1,870 Gain on sale of businesses (547) (586) Total operating expenses 25,558 23,965 Operating income 7,207 7,692 Other expense, net* 207 144 Income before income taxes 7,000 7,548 Provision for income taxes 1,637 2,679 Net income including noncontrolling interest 5,363 4,869 Less: Net income attributable to noncontrolling interest 14 11 Net income attributable to 3M $ 5,349 $ 4,858  *Interest expense, gross $350 million in 2018 and $322 million in 2017. 3M COMPANY Consolidated Balance Sheets At December 31 ($ millions, except per share amount) 2018 2017…

Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Equity Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%) INCOME STATEMENTS 2014 2015 BALANCE SHEETS Assets Cash 2014 2015 Net sales $ 4,760 $ 5,000 S 60 50 COGS (excl. depr.) 3,560 3,800 ST Investments 40 . Depreciation 170 200 Accounts receivable 380 500 480 500 Inventories 820 1,000 Other operating expenses EBIT S 550 S 500 Total CA $ 1,300 $ 1,550 Interest expense 100 120 Net PP&E 1,700 2,000 Pre-tax earnings S 450 S 380 $ 3,000 $ 3,550 Taxes (40%) 180 152 NI before pref. div. $ 270 228 Preferred div. 8 8 S 190 $ 200 Net income $ 262 220 280 300 130 280 Other Data $ 600 S 780 Common dividends $48 $50 1,000 1,200 Addition to RE $214 $170 $ 1,600 $ 1,980 Tax rate 40% 40% 100 100 Shares of common stock 50 50 500 500 Earnings per share $5.24 $4.40 800 970 Dividends per share $0.96 $1.00 $ 1,300 S…

Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable (net) Inventory Total assets Total common stockholders' equity a. b. C. d. e. Profit margin Asset turnover Return on assets 2025 $5,050.3 Gross profit rate 3,700.7 65.1 65.0 1.250.1 Compute the following ratios for 2025. (Round asset turnover to 2 decimal places, e.g 1.83 and all other answers to 1 decimal place, e.g. 1.8 or 2.5%) 2,950.1 940.6 Return on common stockholders' equity 2024 $5,800.9 3,200.1 190.9 106.6 1,350.1 3,250.1 1,100.5 % times % % %

Selected balance sheet and income statement information for Home Depot follows. $ millions Operating assets Jan. 31, 2016 Feb. 01, 2015 $40,333 $38,223 Nonoperating assets 2,216 1,723 Total assets 42,549 39,946 Operating liabilities 14,918 13,427 Nonoperating liabilities 21,315 17,197 Total liabilities 36,233 30,624 Total stockholders' equity 6.316 9.322 Sales 88,519 Net operating profit before tax (NOPBT) 11,774 Non-operating expense before tax 753 Tax expense 4,012 Net income 7,009 Compute the return on equity for the year ended January 31, 2016. You want your all-equity (no debt) firm to provide a return on equity of 13.5%. If total assets are $375,000, how much must be generated in net income to make this target? a. $41,234 b. $43,405 c. $45,689 d. $48,094 e. $50,625 For the FY 2016, Alpha Company had net sales of $950,000 and a net income of $65,000, paid income taxes of $30,000, and had before-tax interest expense of $15,000. Use this information to determine the: 1. Times…

Windswept, Inc.2017 Income Statement($ in millions) Net sales $ 11,000   Cost of goods sold   8,200   Depreciation   395   Earnings before interest and taxes $ 2,405   Interest paid   110   Taxable income $ 2,295   Taxes   689   Net income $ 1,606        Windswept, Inc.2016 and 2017 Balance Sheets($ in millions)     2016     2017       2016     2017   Cash $ 420   $ 445   Accounts payable $ 2,060   $ 2,005   Accounts rec.   1,210     1,110   Long-term debt   1,120     1,580   Inventory   1,980     1,820   Common stock   3,460     3,190   Total $ 3,610   $ 3,375   Retained earnings   700     950   Net fixed assets   3,730     4,350                 Total assets $ 7,340   $ 7,725   Total liab. & equity $ 7,340   $ 7,725      What were the total dividends paid for 2017?