What is the net income for the current year? During the year, Homo sold 100,000 shares with P20 par value for P30 per share and received cash in full. Dividend of P1, 500,000 was paid in cash during the year. The increase (decrease) in the accounts of Homo Company for the current year are as follows: Equipment Accounts payable P3,000,000 (800,000) 1,500,000 Cash Bonds payable 2,000,000 Investments (1,000,000) Accounts receivable (net) 3, 500,000 Inventory 3,900,000 Equipment with Fair value of P2,000,000 was donated by a shareholder during the year. Your answer

What is the net income for the current year? During the year, Homo sold 100,000 shares with P20 par value for P30 per share and received cash in full. Dividend of P1, 500,000 was paid in cash during the year. The increase (decrease) in the accounts of Homo Company for the current year are as follows: Equipment Accounts payable P3,000,000 (800,000) 1,500,000 Cash Bonds payable 2,000,000 Investments (1,000,000) Accounts receivable (net) 3, 500,000 Inventory 3,900,000 Equipment with Fair value of P2,000,000 was donated by a shareholder during the year. Your answer

Name: What is the net income for the current year?During the year, Homo sol
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Description: What is the net income for the current year?During the year, Homo sold 100,000 shares with P20 parvalue for P30 per share and received cash in full. Dividendof P1, 500,000 was paid in cash during the year. Theincrease (decrease) in the accounts of H

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the numerator of the EPS calculation for Errol?
Income Statement Ratio The income statement of Holly Enterprises shows operating revenues of $134,800, selling expenses of $38,310, general and administrative expenses of $36,990, interest expense of $580, and income tax expense of $13,920. Hollys stockholders equity was $280,000 at the beginning of the year and $320,000 at the end of the year. The company has 20,000 shares of stock outstanding at the end of the year. Required Compute Hollys profit margin. What other information would you need in order to comment on whether this ratio is favorable?
Kunkun Inc. reported the following increase(decrease) in the account balances for the current year:Cash P 1,500,000 Equipment P3,000,000Accounts receivable 3,500,000 Accounts payable (800,000) Inventory 3,900,000 Bonds payable 2,000,000Investments (1,000,000) During the year, the entity sold for cash 100,000 shares with P20 par for P30 per share. Dividend of P4,500,000 was paid in cash. The entity borrowed P4,000,000 from the bank and paid off note of P1,000,000 and interest of P600,000. The entity had no other loan payable. Interest of P400,000 was payable on December 31. Interest payable on January 1 was P100,000. Equipment of P2,000,000 was donated by shareholder during the year. What was the net income for the year?
Parent Co. invested $1,000,000 in Sub Co. for 25% of its outstanding stock. Sub Co. pays out 40% of net income in dividends each year. Instructions Use the information in the following T-account for the investment in Sub to answer the following questions. Investment in Sub Co. 1,000,000 110,000 44,000 a. How much was Parent Co.'s share of Sub Co.'s net income for the year? b. What was Sub Co.'s total net income for the year? c. What was Sub Co.'s total dividends for the year? d. How much was Parent Co.'s share of Sub Co.'s dividends for the year?
Grouper Co. invested $1,060,000 in Monty Co. for 25% of its outstanding stock. Monty Co. pays out 30% of net income in dividends each year.Use the information in the following T-account for the investment in Monty to answer the following questions. Investment in Monty Co. 1,060,000 121,000 36,300 (a) How much was Grouper Co.’s share of Monty Co.’s net income for the year? Net income $enter Grouper’s net income in dollars (b) What was Monty Co.’s total net income for the year? Total net income $enter the total net income of MontyCo. for the year (c) What was Monty Co.’s total dividends for the year? Total Dividends $enter the total dividends of MontyCo. for the year (d) How much was Grouper Co.’s share of Monty Co.’s dividends for the year? Dividends $enter the dollar amount of dividends for Grouper Co.
Coronado Ltd. had sales revenue of £ 550,800 in 2022. Other items recorded during the year were: Cost of goods sold £ 336,600 Selling expenses 122,400 Income tax 25,500 Increase in value of employees 15,300 Administrative expenses 10,200 Prepare an income statement for Coronado for 2022. Coronado has 100,000 shares outstanding. (Round earnings per share to 2 decimal places, e.g. 1.48.) CORONADO LTDIncome Statementchoose the accounting period enter an income statement item £ enter a pound amount enter an income statement item enter a pound amount select a summarizing line for the first part enter a total amount for the first part enter an income statement item £ enter a pound amount enter an income statement item enter a pound amount enter a subtotal of the two previous amounts select a summarizing line for the second part enter a total amount for two parts enter an…
Pronghorn Co. invested $920,000 in Stellar Co. for 25% of its outstanding stock. Stellar Co. pays out 30% of net income in dividends each year. Use the information in the following T-account for the investment in Stellar to answer the following questions. Investment in Stellar Co. 920,000 110,000 33,000 (a) How much was Pronghorn Co's share of Stellar Co's net income for the year? Net income $ (b) What was Stellar Co's total net income for the year? Total net income +A $ (c) What was Stellar Co's total dividends for the year? Total Dividends $ (d) How much was Pronghorn Co's share of Stellar Co's dividends for the year? Dividends $
The DEF Corp has $3,000 of accumulated E&P and $18,000 of current E&P. It distributed $5,000 on February 15, and $45,000 on November 15. (a)How much of each distribution is a dividend? (b) Suppose it was $18,000 of accumulated and $3,000 of current?
[The following information applies to the questions displayed below.] Markus Company’s common stock sold for $5.25 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year’s financial statements: EndingBalance BeginningBalance Cash $ 49,000 $ 44,200 Accounts receivable $ 92,000 $ 68,700 Inventory $ 76,300 $ 92,000 Current assets $ 217,300 $ 204,900 Total assets $ 801,000 $ 875,400 Current liabilities $ 85,500 $ 90,000 Total liabilities $ 206,000 $ 185,400 Common stock, $1 par value $ 165,000 $ 165,000 Total stockholders’ equity $ 595,000 $ 690,000 Total liabilities and stockholders’ equity $ 801,000 $ 875,400 This Year Sales (all on account) $ 1,095,000 Cost of goods sold $ 635,100 Gross margin $ 459,900 Net operating income $ 313,875 Interest expense $ 15,500 Net income $ 208,862 5. What is the return…
The DEF Corp has $3,000 of accumulated E&P and $18,000 of current E&P. It distributed $5,000 on February 15, and $45,000 on November 15. (a) How much of each distribution is a dividend? (b) Suppose it was $18,000 of accumulated and $3,000 of current? 2.
[The following information applies to the questions displayed below.] Markus Company’s common stock sold for $5.25 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year’s financial statements: EndingBalance BeginningBalance Cash $ 49,000 $ 44,200 Accounts receivable $ 92,000 $ 68,700 Inventory $ 76,300 $ 92,000 Current assets $ 217,300 $ 204,900 Total assets $ 801,000 $ 875,400 Current liabilities $ 85,500 $ 90,000 Total liabilities $ 206,000 $ 185,400 Common stock, $1 par value $ 165,000 $ 165,000 Total stockholders’ equity $ 595,000 $ 690,000 Total liabilities and stockholders’ equity $ 801,000 $ 875,400 This Year Sales (all on account) $ 1,095,000 Cost of goods sold $ 635,100 Gross margin $ 459,900 Net operating income $ 313,875 Interest expense $ 15,500 Net income $ 208,862 2. What is the…