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
Hello, I have the following:
Consolidated
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
6. Calculate the debt/equity ratio at 12/31/17 and 12/31/18.
thanks
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