Balance Sheets as of December 31, 2015 and 20162015201620152016AssetsLiabilities and Owners' EquityCashAccounts receivableInventoryNet fixed assets21,900 24,300 Common stock$ 850 $1,210126 Accounts payable1,370 Short-term notes payable$ 1,080 $97050004,3504,610 Long-term debt11,900 13,5006,000 6,200Retained earningsTotal assets$28,310 $30,406 Total liabilities and owners' equity8,830$28,310 $30,4069,7362016 Income StatementSalesCost of goods soldDepreciationInterestTaxesNet income$30,71018,4706,1327441,824$ 3,540What are the values of the three components of the DuPont identity? Use ending balance sheet values.Multiple Choice

Using the Dupont identity, the return on equity (using only ending balance sheet values) will be…

Net fixed assets Total assets 2016 Income Statement Sales Cost of goods sold Depreciation Interest Taxes Net income 4,356 21,900 24,300 Common stock Retained earnings $28,310 $30,406 Total liabilities and owners' equity $30,710 18,470 6,132 744 1,824 $ 3,540 What are the values of the three components of the DuPont identity? Use ending balance sheet values. 6,000 6,26 8,830 9,73 $28,310 $30,40

Net fixed assets Total assets 2016 Income Statement Sales Cost of goods sold Depreciation Interest Taxes Net income 4,356 21,900 24,300 Common stock Retained earnings $28,310 $30,406 Total liabilities and owners' equity $30,710 18,470 6,132 744 1,824 $ 3,540 What are the values of the three components of the DuPont identity? Use ending balance sheet values. 6,000 6,26 8,830 9,73 $28,310 $30,40

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...

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BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 What is the firms ROE (Return on Equity)?Group of answer choices 9.45% 9.63% 9.84% 10.20%
BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 Question 9 What is the firm's Debt Ratio? Group of answer choices 60.0% 65.0% 70.0% 75.0% Question 10 What is the firm's Inventory Turnover? 4.41 4.55 4.69 4.83 Question 11 What is the firm's DPS…
BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 Question 5 What is the firm's EBITDA coverage? Group of answer choices 3.51 3.69 3.88 4.17 Question 6 What is the firms DSO (Days Sales Outstanding)? Group of answer choices 51.30 days 52.80 days 53.50…
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2016 300 2017 750 Category Accounts payable Accounts receivable Accruals 900 825 450 300 ?? 1,500 1,200 1,050 ?? Cash 1,500 1,100 Common Stock COGS Depreciation expense ?? 2,250 120 2,700 150 Gross fixed assets Interest expense Inventories 1,125 1,650 2,250 750 Long-tam debt Net fixed assets 1,500 1,875 825 Notes payable Operating expenses (excl. depr.) Retained eamings 690 300 225 750 850 Sales 1,950 2,250 Taxes 90 120 The firm's Return on Equity (ROE) for 2017 is 18.20% 21.49% 24.89% 27.45% 30.85%
Item Prior year Current year Accounts payable 8,101.00 7,904.00 Accounts receivable 6,019.00 6,552.00 Accruals 1,040.00 1,528.00 Cash ??? ??? Common Stock 11,291.00 12,618.00 COGS 12,748.00 18,034.00 Current portion long-term debt 5,099.00 4,934.00 Depreciation expense 2,500 2,811.00 Interest expense 733 417 Inventories 4,253.00 4,792.00 Long-term debt 14,116.00 13,147.00 Net fixed assets 50,495.00 54,147.00 Notes payable 4,377.00 9,813.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,298.00 29,819.00 Sales 35,119 46,964.00 Taxes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year?
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