Executive Summary of findings-assessment of which firm would be the better investment based on the above comparison.If answered within 45mins,it would be helpful!!! 20192019RatioNordstromKohl'sWorking Capital-$290$1,880Current Ratio0.921.68Quick Ratio0.240.26Accounts receivable turnoverN/A21.53Average days to collect receivablesInventory TurnoverN/A16.9547.973.46Average days to sell inventoryDebt to AssetsDebt to Equity45.81105.410.900.638.951.67No. times Interest Earned0.130.19Plant Assets to Long-termLiabilities3.961.56Net Margin0.0330.037Asset Turnover1.5541.297ROI5.09%4.75%ROE0.5070.128Earnings per share (find in I/S)3.204.39Book Value per sharePrice Earnings Ratiohttps://finance.yahoo.com/lookup/6.3234.719.0811.61Dividend Yieldhttps://finance.yahoo.com/lookup/3.915.39

Ratio Analysis:- This helps in comparing the performance of two or more companies on the basis of…

2019 2019 Ratio Nordstrom Kohl's Working Capital -$290 $1,880 Current Ratio 0.92 1.68 Quick Ratio 0.24 0.26 Accounts receivable turnover Average days to collect receivables Inventory Turnover Average days to sell inventory Debt to Assets Debt to Equity N/A 21.53 N/A 16.954 7.97 3.46 45.81 105.41 0.90 0.63 8.95 1.67 No. times Interest Earned Plant Assets to Long-term Liabilities Net Margin Asset Turnover ROI ROE 0.13 0.19 3.96 1.56 0.033 0.037 1.554 1.297 5.09% 4.75% 0.507 0.128 Earnings per share (find in I/S) 3.20 4.39 Book Value per share Price Earnings Ratio https://finance.yahoo.com/lookup/ Dividend Yield https://finance.yahoo.com/lookup/ 6.32 34.71 9.08 11.61 3.91 5.39

2019 2019 Ratio Nordstrom Kohl's Working Capital -$290 $1,880 Current Ratio 0.92 1.68 Quick Ratio 0.24 0.26 Accounts receivable turnover Average days to collect receivables Inventory Turnover Average days to sell inventory Debt to Assets Debt to Equity N/A 21.53 N/A 16.954 7.97 3.46 45.81 105.41 0.90 0.63 8.95 1.67 No. times Interest Earned Plant Assets to Long-term Liabilities Net Margin Asset Turnover ROI ROE 0.13 0.19 3.96 1.56 0.033 0.037 1.554 1.297 5.09% 4.75% 0.507 0.128 Earnings per share (find in I/S) 3.20 4.39 Book Value per share Price Earnings Ratio https://finance.yahoo.com/lookup/ Dividend Yield https://finance.yahoo.com/lookup/ 6.32 34.71 9.08 11.61 3.91 5.39

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 14P: Investments in Equity Securities Noonan Corporation prepares quarterly financial statements and...

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Investments in Equity Securities Noonan Corporation prepares quarterly financial statements and invests its excess funds in marketable securities. At the end of 2018, Noonans portfolio of investments consisted of the following equity securities: Dunne the first half of 2019, Noonan engaged in the following investment transactions: Required: 1. Record Noonans investment transactions for January 6 through June 30, 2019. 2. Show the items of income or loss from investment transactions that Noonan reports for each of the first and second quarters of 2019. 3. Show how the preceding items are reported on the first and second quarter 2019 ending balance sheets, assuming that management expects to dispose of the Keene and Sachs securities within the next year.
Capital 1 January 2019 350 000Drawings 20 000Sales (70% on credit) 950 000Gross profit 250 000Total expenses 80 000Bank favourable 26 000Net profit 74 000Trade creditors 26 000Property, plant and equipment 350 000Fixed deposit 20 000Inventory 72 000Trade Debtors 80 000Mortgage Loan 100 000 Additional InformationThe opening balance of the inventory, debtors and creditors was R50 000, R60 000 and R30 000respectively. Assume a 365 day year. Calculate the following ratios and explain what each ratio means in relation to theindustry average given in brackets. Show your calculations as marks will be awardedfor these. Round off to 2 decimal places. Q.2.1.3 Average creditors settlement period (60 days). Assume purchases are equalto cost of sales and 60% of all purchases are on credit. Q.2.2 Discuss how the solvency ratio is calculated and what is measured by this ratio. Please help with the both questions mentioned
Capital 1 January 2019 350 000Drawings 20 000Sales (70% on credit) 950 000Gross profit 250 000Total expenses 80 000Bank favourable 26 000Net profit 74 000Trade creditors 26 000Property, plant and equipment 350 000Fixed deposit 20 000Inventory 72 000Trade Debtors 80 000Mortgage Loan 100 000 Additional InformationThe opening balance of the inventory, debtors and creditors was R50 000, R60 000 and R30 000respectively. Assume a 365 day year. Calculate the following ratios and explain what each ratio means in relation to theindustry average given in brackets. Show your calculations as marks will be awardedfor these. Round off to 2 decimal places. Q.2.1.3 Average creditors settlement period (60 days). Assume purchases are equalto cost of sales and 60% of all purchases are on credit. Q.2.2 Discuss how the solvency ratio is calculated and what is measured by this ratio.
Xyz tradingCondensed comparative balance sheet 2021 2020 2019Assets:Current assets 468,000. 345,600. 300,000Property and equipment 600,000. 560,400. 500,400Other assets(advances ). 72,000. 126,000. 150,000Total assets. 1,140,000. 1,032,000. 950,400Liabilities and stockholders’ equityLiabilitiesCurrent liabilities 134,400. 112,800. 100,00012 % long-term notes payable. 240,000. 300,000 350,000Total liabilities. 374,400. 412,800. 450,000Stockholders’ equity10% preferred stock 120,000. 120,000. 120,000Common stock 300,000 240,000 200,000Additional paid in capital 84,000. 48,000 40,000Retained earnings…
Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.
Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).
Godo At May 31, 2019, FOR Deliveries reported the following amounts (in millions) in its financial statements:20192018Total Assets$ 70,000$ 68,000Total Liabilities46,20042,160Interest Expense736750Income Tax Expense155260Net Income7806,275 Required: 1. Compute the debt-to-assets ratio and times interest earned ratio for 2019 and 2018. 2-a. In 2019, were creditors providing a greater (or lesser) proportion of financing for FOR’s assets? 2-b. In 2019, was FOR more (or less) successful at covering its interest costs, as compared to 2018?
Carla Vista Co. has these comparative balance sheet data: CARLA VISTA CO.Balance SheetsDecember 31 2020 2019 Cash $ 16,140 $ 32,280 Accounts receivable (net) 75,320 64,560 Inventory 64,560 53,800 Plant assets (net) 215,200 193,680 $371,220 $344,320 Accounts payable $ 53,800 $ 64,560 Mortgage payable (15%) 107,600 107,600 Common stock, $10 par 150,640 129,120 Retained earnings 59,180 43,040 $371,220 $344,320 Additional information for 2020: 1. Net income was $32,500. 2. Sales on account were $392,900. Sales returns and allowances amounted to $27,300. 3. Cost of goods sold was $217,300. 4. Net cash provided by operating activities was $57,200. 5. Capital expenditures were $30,000, and cash dividends were $19,000. Compute the following ratios at December 31, 2020. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83…
Sandhill Co. reported the following information for 2020: Sales revenue $2520000 Cost of goods sold 1748000 Operating expenses 282000 Unrealized holding gain on available-for-sale securities 85700 Cash dividends received on the securities 9200 For 2020, Sandhill would report comprehensive income of A.$85700. B.$499200. C.$575700. D.$584900.
Life-Positive’s Account Balances 2021 ($) 2022 ($) accounts payable 24,600.00 21,250.00Accounts receivable 15,700.00 12,340.00Cash 23,450.00 28,600.00Cost of goods sold 19,700.00 23,000.00Depreciation 3,090.00 4,590.00Dividends 5,800.00 10,800.00Interest 2,340.00 2,890.00Inventory 7,050.00 8,640.00Long-term debt 28,000.00 30,000.00Net fixed assets 41,500.00 48,000.00Other expenses 2,400.00 2,800.00Sales 58,000.00 62,500.00Short-term Notes Payable 2,890.00 2,340.00Shares outstanding 85,000.00 90,000.00 tax rate is 32% 4. Calculate the cash flow from assets, cash flow to creditors,and cash flow to stockholders…
Summerfields Sdn BhdBalance Sheet as at 31 December 2020 (RM’000)Cash 400 Account payable 1,200Marketable securities 500 Accrued wages 1,200Accounts receivable 750 Notes payable 700Inventories 500 Mortgage payable 2,200Net Fixed Asset 4,850 Common stock 500Retained earnings 1,200TOTAL ASSETS 7,000 TOTAL CLAIMS 7,000Additional information:-i) Sales in 2020 was RM 12 million and it is projected to increase to 18 million in 2021.ii) The company is operating at full capacity.iii) The net profit for this company in 2020 was RM1,200,000 and dividend payment wasRM300,000.iv) All external financing will be absorbed and met by common stock.Prepare a pro-forma balance sheet for Summerfields Sdn Bhd for the year ended 2021by using percent of sales method and determine the external funds required.
Sandhill Co. has these comparative balance sheet data: SANDHILL CO.Balance SheetsDecember 31 2020 2019 Cash $ 29,205 $ 58,410 Accounts receivable (net) 136,290 116,820 Inventory 116,820 97,350 Plant assets (net) 389,400 350,460 $671,715 $623,040 Accounts payable $ 97,350 $ 116,820 Mortgage payable (15%) 194,700 194,700 Common stock, $10 par 272,580 233,640 Retained earnings 107,085 77,880 $671,715 $623,040 Additional information for 2020: 1. Net income was $34,900. 2. Sales on account were $378,200. Sales returns and allowances amounted to $29,600. 3. Cost of goods sold was $204,700. 4. Net cash provided by operating activities was $57,300. 5. Capital expenditures were $28,200, and cash dividends were $13,800. Only the first 3 were answered the last time, I need all of these answered now. Compute the following ratios at December 31,…