Instructions a. What was the company's earnings per share for each year? b. Based on your findings above, how did the company's profitability change from 2021 to 2022? c. Suppose the company had paid dividends on preferred stock and on common stock during the year. How would this affect your calculation in part (a)?
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- The following information is provided for Sandhill Company and Indigo Corporation. (in $ millions) Sandhill Company Indigo Corporation Net income 2022 $125 $375 Net sales 2022 1540 4500 Total assets 12/31/20 1045 2010 Total assets 12/31/21 1220 3150 Total assets 12/31/22 1175 4070 What is Indigo's return on assets for 2022?The following information is provided for Cullumber Company and Bramble Corporation. (in $ millions) Cullumber Company Bramble Corporation Net income 2022 $145 $415 Net sales 2022 1755 4610 Total assets 12/31/20 1025 2330 Total assets 12/31/21 1260 3000 Total assets 12/31/22 1150 4080 What is Bramble's return on assets for 2022? (Round answer to 1 decimal place, e.g. 15.2.) 11.5% 13.8% 10.2% 11.7%On May 2, 2022, the separate statement of financial position of Peter Corporation and Simon Company are as follows: Peter Simon Cash 145,700 15,000 Accounts receivable 120,500 35,800 Inventories 42,500 10,200 Plant assets 185,800 78,000 Total assets 494,500 139,000 Liabilities 110,400 28,800 Capital stock, P100 par 200,000 50,000 Additional paid-in capita l 50,000 0Retained earnings 134,100 60,700 Total liabilities and equity 494,500 139,500 On May 2, 2022 Peter acquired 90% of Simon's outstanding voting shares for P108,000. Peter incurred additional P32,000 in acquisition- related costs. All the assets of Simon are fairly valued except the plant assets with a fair value of P90,000 on…
- E4.2 (LO 2, 3) Presented below is information related to Viel Company at December 31, 2020.Sales revenue $310,000Cost of goods sold 140,000Selling and administrative expenses 50,000Gain on sale of plant assets 30,000Unrealized gain on available-for-sale debt investments 10,000Interest expense 6,000Loss on discontinued operations 12,000Dividends declared and paid 5,000 Retained Earnings, 1/1/20 100,000 Tax rate 15%…The summarised reformulated items (£) for BOLL Ltd in 2019 are given below:Net Operating Assets 17961 Operating Income 8654Net Financial Assets 46200 Net Financial Income 2167Common Share Equity 64161 Comprehensive Income 10821(i) Calculate the Return on Common Equity (ROCE) using the first level decomposition approach, and discuss your result.(ii) In 2020, the company decided to distribute cash dividends of £40000 (such that its Net Financial Assets fell to £6200). Calculate ROCE for 2020 using the same approach, and discuss your new result.The following information is available from the annualreport of Frixell, Inc.: Currentliabilities . . . . $300,000Operatingincome . . . . . 240,000Net income . . . . 80,000 Currentassets . . . . $ 480,000Average totalassets . . . . 2,000,000Average totalequity . . . . 800,000Which of the following statements are correct? (More thanone statement may be correct.)a. The return on equity exceeds the return on assets.b. The current ratio is 0.625 to 1.
- Show the complete solution. Thank you The Statement of Financial Position (SFP) of Arthur Corporation on June 30, 202X is presented below: Current Assets P195,000 Land 1,320,000 Building 660,000 Equipment 525,000 Total Assets P2,700,000 Liabilities P525,000 Ordinary Shares, P5 par 900,00 Share Premium 825,000 Retained Earnings 450,000 Total Equities P2,700,000 All the assets and liabilities of Arthur were assumed to approximate their fair values except for land and building. It is estimated that the land has a fair value of P2,100,000, and the fair value of the building increased by P480,000. Ezekeil Corporation acquired 80% of Arthur’s outstanding shares for P3,000,000. The non-controlling interest is measured at fair value. Required Determine the goodwill or gain on bargain purchase assuming the consideration paid includes control premium of P852,000. Determine the goodwill or gain on bargain purchase…Angela Corporation has the following selected assets and liabilities: Given the said data, determine the company’s net working capital. (check the photo) Choose the letter of correct answer a. P35,000.00b. P39,000.00c. P33,000.00d. P72,000.00e. P52,000.00Kiley corporation had these transactions during 2022. Indicate whether each transactions is an operating activity, investing activity, financing activity, or noncash investing and financing activity (a) purchased a machine for $30000, giving a long term note in exchange (b) issued $50,par value common stock for cash(c) issued $200000 par value common stock upon conversion of bonds having face value of $20000 (d) declared and paid a cash dividend of $13000 (e) sold a long term with a cost of $15000 for $15000 cash (f) collected $16000 from sale of good (g) paid $18000 to suppliers
- Assume a company’s beginning shareholders’ equity is €200 million, its net income for the year is €20 million, its cash dividends for the year are €3 million, and there was no issuance or repurchase of common stock. Th e company’s actual ending shareholders’ equity is €227 million. 1 . What amount has bypassed the net income calculation by being classifi ed as other comprehensive income? A . €0. B . €7 million. C . €10 million. 2 . Which of the following statements best describes other comprehensive income? A . Income earned from diverse geographic and segment activities. B . Income that increases stockholders’ equity but is not refl ected as part of net income.Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Equity (ROE)? Inventory 25000 Current Assets 50,000 Current Liabilities 30,000 Non-current Assets 80,000 Net Profit 12,240 owner Equity 68,000 Select one: a. The correct answer not available b. 0.81 c. 0.18 d. 0.359XYZ Corporation had the following data in 2022 below: Total assets = P300,000Gross profit margin = 25%Quick ratio = 0.80 xBond payable = P60,000Days sales outstanding = 36 daysDebt ratio = 50%Retained earnings = P97,500Times interest earned= 6 xInventory turnover = 5 xTotal assets turnover = 1.5 xNo. of days in a year = 360 days Tax rate = 35%Compute the total liabilities.
