Metzger Company compiled the following financial information as of December 31, 2014: Revenues 40,000 Expenses 25,000 Share capital-ordinary 25,000 Cash 5,000 Equipment 16,000 Dividends 10,000 Supplies 4,000 Accounts payable 20,000 Accounts receivable 10,000 Metzger's Total assets on December 31, 2014, are

Metzger Company compiled the following financial information as of December 31, 2014: Revenues 40,000 Expenses 25,000 Share capital-ordinary 25,000 Cash 5,000 Equipment 16,000 Dividends 10,000 Supplies 4,000 Accounts payable 20,000 Accounts receivable 10,000 Metzger's Total assets on December 31, 2014, are

Corporate Financial Accounting

15th Edition

ISBN:9781337398169

Author:Carl Warren, Jeff Jones

Publisher:Carl Warren, Jeff Jones

Chapter14: Financial Statement Analysis

Section: Chapter Questions

Problem 14.6EX: a. (1) Current year working capital. 1,090,000 Current position analysis The following data were...

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Profitability ratios The following selected data were taken from the financial statements of Robinson Inc. for December 31, 2016, 2015 and 2014: December31 2016 2015 2014 Total assets......................................... 4,800,000 4,400,000 4,000,000 Notes payable (8% interest)........................... 2,250,000 2,250,000 2,250,000 Common stock...................................... 250,000 250,000 250,000 Preferred 4% stock, 100 par (no change during year)........................... 500,000 500,000 500,000 Retained earnings................................... 1,574,000 1,222,000 750,000 The 2016 net income was 372,000, and the 2015 net income was 492,000. No dividends on common stock were declared between 2014 and 2016. a. Determine the rate earned on total assets, the rate earned on stockholders equity, and the rate earned on common Stockholders equity for the years 2015 and 2016. Round to one decimal place. b. What conclusions can be drawn from these data as to the companys profitability?
a. (1) Current year working capital. 1,090,000 Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash 391,000 300,000 Marketable securities 515,000 354,000 Accounts and notes receivable (net) 634,000 426,000 Inventories 368,000 222,000 Prepaid expenses 182,000 138,000 Total current assets 2,090,000 1,440,000 Current liabilities: Accounts and notes payable (short-term) 725,000 600,000 Accrued liabilities 275,000 300,000 Total current liabilities 1,000,000 900,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. b. What conclusions can be drawn from these data as to the companys ability to meet its currently maturing debts?
15) The following financial information is from ABC:Accounts Payable $15,000Buildings 80,000Cash 10,500Accounts Receivable 9,500Sales Tax Payable 4,500Retained Earnings 47,500Supplies 40,000Notes Payable (due in 18 months) 35,000Interest Payable 3,000Common Stock 35,000 What is the amount of current assets, assuming the accounts above reflect normal activity?A) $140,000. B) $20,000. C) $60,000. D) $175,000.
1. The balance sheets at the end of each of the first two years of operations indicate the following:20172016Total current assets$600,000$560,000Total investments60,00040,000Total property, plant, and equipment900,000700,000Total current liabilities125,00080,000Total long-term liabilities350,000250,000Preferred 9% stock, $100 par100,000100,000Common stock, $10 par600,000600,000Paid-in capital in excess of par--common stock60,00060,000Retained earnings325,000210,000Based on the above information, if net income is $130,000 and interest expense is $40,000 for 2017, and the market price is $40, what is the price-earnings ratio on common stock (round to one decimal place)?a. 14.9b. 19.8c. 17.3d. 18.4
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Problem 44. The statement of financial position of ART Inc. before translation to hyperinflationary economy is presented as follows:Cash 1,000,000 Accounts payable 1,000,000Accounts receivable 2,000,000 Unearned revenue (1/1/2015) 1,500,000Inventory (1/1/2015) 3,000,000 Ordinary share (1/1/2015) 2,000,000PPE (7/1/2015) 4,000,000 Retained earnings 500,000The general price index are provided for the following dates:1/1/2015 – 100 7/1/2015 – 200 12/31/2015 – 300How much retained earnings shall be presented in the translated statement of financialposition of ART Inc. in a hyperinflationary economy?
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Capital 1 January 2019 350 000 Drawings 20 000 Sales (70% on credit) 950 000 Gross profit 250 000 Total expenses 80 000 Bank favourable 26 000 Net profit 74 000 Trade creditors 26 000 Property, plant and equipment 350 000 Fixed deposit 20 000 Inventory 72 000 Trade Debtors 80 000 Mortgage Loan 100 000 Calculate the following ratios and explain what each ratio means in relation to the industry average given in brackets. Show your calculations as marks will be awarded for these. Round off to 2 decimal places. Q.2.1.4 Current ratio (2:1).
Q28 If the company’s Earnings before interest and taxes (EBIT) are OMR 60,000, its cost of equity is 8% and overall cost of capital is 12%, what is the total value of the firm under Net Operating Income Approach? a. OMR 500,000 b. OMR 750,000 c. OMR 900,000 d. OMR 600,000
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%…
If answered within 30mins,it would be appreciable!!! Q3. XYZ Company has the following financial data: Particulars Amounts (SAR) Total Profit for the Year 377,500 General Takaful Assets (Year 2014) 1,390,000 General Takaful Assets (Year 2015) 1,517,500 Cash 11,500 Short-term Investment 23,500 Short term liabilities 85,000 Underwriting Surplus Distributable to Participants/Participants' Share of Profit 145,500 Gross Contribution 958,000 Net Contribution 662,500 Wakalah Fee 77,500 Commission Paid 28,300 Management Expense 58,000 Net Claim Incurred 287,500 Earned Contribution 632,500 You are required to calculate: Return on Assets Quick Liquidity Surplus Distribution Ratio Expense Ratio Claims Ratio This all question nothing more
Q26 You are required to prepare the balance sheet as on 31-12-2017 by using net change method from the following details. Liabilities OMR Assets OMR Share capital 200,000 Furniture & fixtures 200,000 Bank loan 50,000 Inventories 60,000 Creditors 70,000 Debtors 36,000 Cash 24,000 320,000 320,000 Balances of Debtors and creditors remain unchanged throughout the year. General price indices are on 1-1-12017----200; Average for the year ------240; on 31-12-2017----300. a. Retained earnings of OMR 15,000 by CPP method b. No Balancing figure neither in HCA nor CPP method c. No retained earnings d. None of them is correct