2019 2018 2017 2016 $ 664,000 44,000 296,000 Net Sales Revenue $ 766,000 60,000 $ 708,00 38,000 $ 644,000 36,000 326,000 Net Income Ending Common Stockholders' Equity 368,000 352,000
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Computing trend analysis and return on common equity
Net sales revenue, net income, and common
Requirements
- Compute trend analyses for each item for 2017-2019. Use 2016 as the base year, and round to the nearest whole percent.
- Compute the
rate of return on common stockholders’ equity for 2017-2019, rounding to three decimal places.
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- what is the total average equity capital for a. 2020 b. 2021 c. 2022 4 5 A 1 2 Total Equity Capital 3 Common stock 6 B (² C D E 2022 2019 2020 2021 $430,159 $461,567 $465,699 $265,426 $12,250 $12,250 $12,250 $12,250 Surplus $40,150 $40,150 $40,150 $65,150 Undivided profits $377,759 $409,167 $413,299 $188,026The following data are provided: December 31 2021 2020 Cash $ 1300000 $ 1005000 Accounts receivable (net) 1500000 1150000 Inventories 2600000 2100000 Plant assets (net) 6000000 6600000 Accounts payable 1150000 820000 Income taxes payable 220000 90000 Bonds payable 1400000 1400000 10% Preferred stock, $50 par 1800000 1800000 Common stock, $10 par 2300000 1700000 Paid-in capital in excess of par 1650000 1400000 Retained earnings 4100000 3400000 Net credit sales 12800000 Cost of goods sold 8500000 Operating expenses 2900000 Net income 1600000 Additional information:Depreciation included in cost of goods sold and operating expenses is $1200000. On May 1, 2021, 60000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2021.At December 31, 2021,…2020 2019 Inventories Total Current Assets Total Assets Total Current Liabilities Total Liabilities Preferred Stock, 3% Net Sales Gross Profit Income from Operations Interest Expense Income before Income Tax Net Income Market Price of Common Stock No of outstanding Common Stock $ 114,000.00 $ 158,000.00 $ 364,000.00 $ 370,000.00 $ 581,000.00 $ 546,000.00 $ 227,000.00 $ 240,000.00 $ 344,000.00 $ 336,000.00 $ 92,000.00 $ 92,000.00 $ 460,000.00 $ 422,000.00 $ 221,000.00 $ 210,000.00 $ 83,000.00 $ 74.000.00 $ 13,000.00 $ $ 70,000.00 $ 58,000.00 $ 51,000.00 $ 37,000.00 16,000.00 59.36 $ 46.65 13,000.00 11,000.00 Required a. Compute following nine (9) ratios for both years. i. Acid Test ratio l. Current ratio i. Times-interest eamed ratio iv. Inventory turnover v. Gross profit percentage vi. Debt to equity ratio vil. Rate of return on common stockholder's equity vii.Earnings per share of common stock ix. Price/earnings ratio %24
- DeSermovil8j8jhia898nvne 1h7r/k9volu7gkh91ogf771 f041cqa0sh615k/1612079475000/drive/1718964359 80% 1 / 4 1. The statement of financial position of Fateh Enterprise, a sole trader, for two successive years are shown below. Statement of Financial Position as 31 December 2020 2019 RM RM RM RM Non Current Asset Land and premises (cost RM52,000) Plant and machinery: (Cost RM19,000) (Cost RM25,000) 44,000 40,000 14,250 19,600 59,600 58,250 Current Asset Inventory Trade account receivable 6,600 17,800 6,300 12,600 7,100 Bank 24.400 82,650 26.000 85,600 FINANCED BY: Capital account: Balance at 1 January Add: Net Profit for the year 42,000 18.000 47,000 22,000 60,000 (13,000) 47,000 69,000 (15,000) 54,000 Less:Drawing Current Liabilities Trade account payable Bank overdraft 22,000 13,650 11,600 35,650 11,600 Non Current Liabilities Loan(repayable December 2022) 20.000 85.600 82.650 Required: Prepare statement of cash flow for Fateh Enterprise for the year ended 31 December 2020. Prepared by:…The following are the comparative financial statements for three years for Plastic Works Limited. You are required to comment on the firm’s financial condition and indicate the areas which require management’s attention.Table 25.40: Plastic Works Limited Comparative Balance Sheets …Problem 17-5 (AICPA Adapted) Investment in Hall Company at equity statement of financial position: Accounts receivable, net of allowance Fearsome Company showed the following comparative 2021 2020 Cash and cash equivalents 2,350,000 600,000 1,000,000 2,200,000 2,000,000 5,000,000 1,050,000) ( 800,000) 400,000 350,000 700,000 850,000 2,000,000 1,500,000 4,000,000 Inventory Land Property, plant and equipment. Accumulated depreciation Goodwill 400,000 12,500,000 9,000,000 Accounts payable Note payable - long term Bonds payable Share capital, P100 par Share premium Retained earnings Treasury shares, at cost 600,000 500,000 1,600,000 5,250,000 2,700,000 1,850,000 550,000 2,100,000 4,000,000 1,750,000 1,300,000 700,000) 12,500,000 9,000,000 Additional information for 2021 1. The net income for the current year was P3,050,000. 2. Cash dividend paid amounted to P2,500,000. 3. The entity sold equipment costing P200,000, with carrying amount of P50,000, for P70,000 cash. 4. The entity issued…
- Q14: The following are the Condensed statement of Financial Position of Company A and on december 31,2020. A В Current Assets. 2562500 7639375 Plant and Equipment 768500 22918125 Current liability 555000 300,000 long Term Debt. 2220000. 500,000 Share Premium 1250,000 100,000 Retained Earning. 1609000. 425000 Additional Paid-in 1516000. 437500 Сapital 79 Company C acquires the Net Asset of Both A and B. Paying Cash in Amount of 185000 and by issuing 198500 shares to A, Paying of 72000 and by issuing 54350 shares is 30 to B' Par cash in the amount by issuing 54350 Shares value of Share is 30 and market value on acquisition is 40. Requirments: a) Entry that made in the Book of A. b) Entry that made in the Book of B. c) Entry that made in the Book of C.The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Accounts Debit $20,000 162,000 9,000 28,000 370,000 Credit Cash Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation Accounts payable Salaries payable Interest payable Notes payable (due in two years) $125,000 16,000 3,800 1,700 30,000 190,000 99,300 Common stock Retained earnings Dividends 26,000 Service revenue Salaries expense Advertising expense Rent expense Depreciation Interest expense Utilities expense 500,000 182,000 79,000 11,000 38,000 2,800 38,000 $ 965,800 nse Totals $965,800 Prepare a classified balance sheet for China Tea Company as of December 31, 2021. (Amounts to be deducted with a minus sign.) CHINA TEA COMPANY Balance Sheet 20 F3 000 F4 II F8 F2 F5 F6 F7 F9 @ # 2$ % & * 2 4 6 7 9. W Y U21. Halal Berhad’s comparative financial statements for the years ending 31 December 2020, and 2019, are as follows. Halal Berhad’s common stock market price was RM35 on 31 December 2020 and RM40 on 31 December 2019. Halal Berhad Statement of Profit or Loss and Other Comprehensive Income For the years ended 31 December 2020 and 2019 2020 (RM’000) 2019 (RM’000) Sales 1,200 1,000 Cost of goods sold 500 475 Gross Profit 700 525 Selling expenses 240 200 Administrative expenses 180 150 Total operating expenses 420 350 Income from operations 280 175 Other income 166 225 446 400 Other expense (interest) 66 60 Income before income tax 380 340 Income tax expense 80 60 Net income 300 280 Halal Berhad Statement of Financial Position As at 31 December 2020…
- How much is the total shareholders’ equity at December 31, 2021? * ₱ 14,435,500 ₱ 14,453,500 ₱ 14,250,000 ₱ 14,500,000The Dividend income/investment income for 20x1: A. 88,500 B. 65,000 C. 61,600 D. 40,000Total fixed assets 31420 OMR Total long term liabilities 9970 OMR Total current assets 18930 OMR Total current liabilities 4765 OMR Shareholders’ funds 35615 OMR Capital employed 45585 OMR Gross profit 175000 OMR Net profit 113950 OMR Return on capital employed 25% Current ratio 3.97 Liquid ratio 3.34 Return on Equity 3.191 Gross Profit Margin 53,03% Net Profit Margin 34.53% Q/Give a brief report on the financial position of the company based on the above figures?