Hello, I have the following: Consolidated Balance Sheet  Dec 31, 2017, 2016 2015 (in millions)                                             2017                       2016                       2015 Current Assets                     $734                      $ 959                     $ 813 Other Assets                        $2,421                   $ 1,928                  $ 1727 Total Assets                          $3,155                   $2,887                   $ 2,540   Current Liab.                        $585                       $ 838                   $ 731 Long Term Liab.                   $ 1,555                   $ 1,015                 $ 883 Stockhldrs Equity                 $ 1,015                   $1,034                  $ 926 Total Liab & S.E.                   $3,155                    $2,887                  $2,540   Selected Income Statement ending Dec 31, 2017 and 2016. in millions.                                                        2017                                           2016 Income Statement Data:     Sales                                         $3,058                                         $2,921     Operating Income                    $   304                                          $  318     Interest Expense                       $     92                                          $   73     Net income                               $  215                                           $  210 Other Data:     Avg # of comm. shares outstd.     42.1                                            47.5     Total Dividends paid                  $ 58.0                                           $53.1 Questions are: 1. Return on Equity 2017 and 2016 (do not round immediate calculations, round to 1 decimal place.) 2. Calculate Earnings per share 2017 and 2016  3. If company's stock had a price/earnings ratio of 13 at the end of 2017, what was the market price of the stock?   4. Calculate the dividend yield based on the market price in question 3.   5. Assume that accounts receivable at 12/31/17, totaled $317 million.  Calculate the number of day's sales in receivables at that date.  (Use 365 days a year, do not round immediate calculations.) 6.  Calculate the debt/equity ratio at 12/31/17 and 12/31/18. thanks

Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter13: Financial Statement Analysis
Section: Chapter Questions
Problem 13.10E
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Hello, I have the following:

Consolidated Balance Sheet  Dec 31, 2017, 2016 2015 (in millions)

                                            2017                       2016                       2015

Current Assets                     $734                      $ 959                     $ 813

Other Assets                        $2,421                   $ 1,928                  $ 1727

Total Assets                          $3,155                   $2,887                   $ 2,540

 

Current Liab.                        $585                       $ 838                   $ 731

Long Term Liab.                   $ 1,555                   $ 1,015                 $ 883

Stockhldrs Equity                 $ 1,015                   $1,034                  $ 926

Total Liab & S.E.                   $3,155                    $2,887                  $2,540

 

Selected Income Statement ending Dec 31, 2017 and 2016. in millions.

                                                       2017                                           2016

Income Statement Data:

    Sales                                         $3,058                                         $2,921

    Operating Income                    $   304                                          $  318

    Interest Expense                       $     92                                          $   73

    Net income                               $  215                                           $  210

Other Data:

    Avg # of comm. shares outstd.     42.1                                            47.5

    Total Dividends paid                  $ 58.0                                           $53.1

Questions are:

1. Return on Equity 2017 and 2016 (do not round immediate calculations, round to 1 decimal place.)

2. Calculate Earnings per share 2017 and 2016 

3. If company's stock had a price/earnings ratio of 13 at the end of 2017, what was the market price of the stock?  

4. Calculate the dividend yield based on the market price in question 3.  

5. Assume that accounts receivable at 12/31/17, totaled $317 million.  Calculate the number of day's sales in receivables at that date.  (Use 365 days a year, do not round immediate calculations.)

6.  Calculate the debt/equity ratio at 12/31/17 and 12/31/18.

thanks

 

 

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