bmitLaiho Industries: Balance Sheets as of December 31 (thousands of dollars)CashAccounts receivableInventoriesTotal current assetsNet fixed assetsTotal assetsAccounts payableAccrualsNotes payableTotal current liabilitiesLong-term debtTotal liabilitiesCommon stockRetained earningsTotal common equityTotal liabilities and equity2021$103,013103,10837,155$243,27666,107$309,383$ 30,82330,36615,132$ 76,32176,643$152,96495,00061,419$156,419$309,3832020Sales$ 89,68585,70833,809$209,20241,616$250,818$ 22,19021,92012,782$56,89263,593$120,48585,00045,333$130,333$250,818The data has been collected in the Microsoft Excel file below. Download thespreadsheet and perform the required analysis to answer the questions below. Donot round intermediate calculations. Enter your answers in thousands. Forexample, an answer of $1 thousand should be entered as 1, not 1,000. Roundyour answers to the nearest whole number. Use a minus sign to enter negativevalues, if any.Download spreadsheet Financial Statements, Cash Flow, and Taxes-5af61f.xlsxa. Sales for 2021 were $448,650,000, and EBITDA was 14% of sales.Furthermore, depreciation and amortization were 19% of net fixed assets,interest was $8,806,000, the corporate tax rate was 25%, and Laiho pays48.25% of its net income as dividends. Given this information, constructthe firm's 2021 income statement.Laiho Industries: Income Statement for Year Ending December 31, 20(thousands of dollars)2021 and Laino pays48.25% of its net income as dividends. Given this information, constructthe firm's 2021 income statement.Laiho Industries: Income Statement for Year Ending December 31, 2021(thousands of dollars)SalesOperating costs excluding depreciation and amortizationEBITDADepreciation and amortizationBackEBITInterestEBTTaxes (25%)Net incomeCommon dividendsAddition to retained earningsBalances, December 31, 2020Common stock issue2021 Net incomeCash dividendsAddition to retained earningsBalances, December 31, 2021$$$$$b. Construct the statement of stockholders' equity for the year endingDecember 31, 2021, and the 2021 statement of cash flows. Hint: Thedifference in accumulated depreciation from one year to the next is theannual depreciation expense for the year.Laiho Industries: Statement of Stockholders' Equity, December 31, 2021 (thousaCommon StockRetained Earnings$$$$2021$$Next

Name: bmitLaiho Industries: Balance Sheets as of December 31 (thousands of
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: bmitLaiho Industries: Balance Sheets as of December 31 (thousands of dollars)CashAccounts receivableInventoriesTotal current assetsNet fixed assetsTotal assetsAccounts payableAccrualsNotes payableTotal current liabilitiesLong-term debtTotal liabilit

Answer to the above first part a) statement showing the Computaton of NET INCOME Laiho Industries:…

Business

Accounting

Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets X Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 2021 $103,013 103,108 37,155 $243,276 66,107 $309,383 $ 30,823 30,366 15,132 $76,321 76,643 $152,964 95,000 61,419 $156,419 $309,383 2020 $ 89,685 85,708 33,809 $209,202 41,616 $250,818 $ 22,190 21,920 12,782 $ 56,892 63,593 $120,485 85,000 45,333 $130,333 $250,818 The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Enter your answers in thousands. For example, an answer of $1 thousand should be entered as 1, not 1,000. Round your answers to the nearest whole number. Use a minus sign to enter negative values, if any.

Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets X Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 2021 $103,013 103,108 37,155 $243,276 66,107 $309,383 $ 30,823 30,366 15,132 $76,321 76,643 $152,964 95,000 61,419 $156,419 $309,383 2020 $ 89,685 85,708 33,809 $209,202 41,616 $250,818 $ 22,190 21,920 12,782 $ 56,892 63,593 $120,485 85,000 45,333 $130,333 $250,818 The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below. Do not round intermediate calculations. Enter your answers in thousands. For example, an answer of $1 thousand should be entered as 1, not 1,000. Round your answers to the nearest whole number. Use a minus sign to enter negative values, if any.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.17E: Profitability metrics The following selected data were taken from the financial statements of The...

See similar textbooks

Similar questions

Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Ratio of fixed assets to long-term liabilities
Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of 75,000,000, and total assets of 169,000,000. Required: Note: Round answers to two decimal places. 1. Calculate the debt ratio. 2. Calculate the debt-to-equity ratio.
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Ratio of liabilities to stockholder.' equity
Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for 20X3 it as follows (amounts in millions): Required: Next Level Compute the following for 20X3. Provide a brief description of what each ratio reveals about McCormick 1. return on common equity 2. debt-to-assets 3. debt-toequity 4. current 5. quick (McCormick uses cash and equivalents, short-term securities and receivables in their quick ratio calculation.) 6. inventory turnover days 7. accounts receivable turnover days 8. accounts payable turnover days 9. operating cycle (in days) 10. total asset turnover Use the following information for 14-17 and 14-18: The Hershey Company is one of the worlds leading producers of chocolates, candies, and confections. It sells chocolates and candies, mints and gums, baking ingredients, toppings, and beverages. Hersheys consolidated balance sheets for 20X2 and 20X3 follow.
Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield
Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2, rounding to one decimal place, including percentages, except for per-share amounts: 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Days’ sale in receivable
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Debt ratio
Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of 8,125,000, and total assets of 40,625,000. Required: Note: Round answers to two decimal places. 1. Calculate the debt ratio. 2. Calculate the debt-to-equity ratio.
Ratio Analysis Rising Stars Academy provided the following information on its 2019 balance sheet and state mcnt of cash flows: Long-term debt S 4,400 Interest expense S 398 Total liabilities 8,972 Net income 559 Total assets 38,775 Interest payments 432 Total equity 29,803 Cash flows from operations 1.015 Operating income 1.223 Income tax expenses 266 Income taxes paid 150 Required: Calculate the following ratios for Rising Stars: (a) debt to equity, (b) debt to total assets, (c) long-term debt to equity, (d) times interest earned (accrual basis), and (e) times interest earned (cash basis). (Note: Round answers to three decimal places.) CONCEPTUAL CONNECTION Interpret these results. 3.What does it mean if a bond is callable
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Return on stockholders’ equity
The following is selected financial data from Block Industries: How much does Block Industries have in current liabilities? A. $19,800 B. $18,300 C. $12,300 D. $25,800