Oman Insurance Corporation, the insurer, reported net income of $ 333.3 million for 2015. It also reported gains on investments of $ 340,5 million and foreign currency translation gains of $ 106 million, both as part of other comprehensive income in its Statement of Shareholders Equity. What was Oman Insurance Corporation's comprehensive income for 2015 Selectione a. $ 7793 million b. Se 3 milion OG 97793 motor S93 dhon

Oman Insurance Corporation, the insurer, reported net income of $ 333.3 million for 2015. It also reported gains on investments of $ 340,5 million and foreign currency translation gains of $ 106 million, both as part of other comprehensive income in its Statement of Shareholders Equity. What was Oman Insurance Corporation's comprehensive income for 2015 Selectione a. $ 7793 million b. Se 3 milion OG 97793 motor S93 dhon

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter8: Investing Activities

Section: Chapter Questions

Problem 11QE

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At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial statements: 2016 2015 Total Assets $ 13,200 $ 12,300 Total Liabilities 8,316 7,503 Interest Expense 300 300 Income Tax Expense 480 290 Net Income 1,080 1,000 Required: 1.Compute the debt-to-assets ratio and times interest earned ratio for 2016 and 2015. (Round your answers to 2 decimal places.)
Following is the statement of financial position for Kowalski Company in Warsaw, Poland, as of December 31, 2019 (currency in Polish złaty [‘z-wo-tee’], zł): Non-current assets zł 242,000 Equity zł 107,000Current assets 105,000 Non-current liabilities 160,000________ Current liabilities 80,000Total assets zł 347,000 Total equity and liabilities zł 347,000 In addition, Kowalski reported net income for 2019 of zł 140,000, income taxexpense of zł 28,000, and interest expense of zł 9,000. Instructions: A. Compute the debt ratio for Kowalski for 2019. B. Compute the times interest earned for Kowalski for 2019. * Use ‘zl’ if you have difficulty in typing in ‘zł’.
a. Sales for 2018 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depreciationand amortization were 11% of net fixed assets, interest was $8,575,000, thecorporate tax rate was 40%, and Laiho pays 40% of its net income as dividends. Giventhis information, construct the firm’s 2018 income statement.b. Construct the statement of stockholders’ equity for the year ending December 31, 2018,and the 2018 statement of cash flows.c. Calculate 2017 and 2018 net operating working capital (NOWC) and 2018 free cashflow (FCF). Assume the firm has no excess cash.d. If Laiho increased its dividend payout ratio, what effect would this have on corporatetaxes paid? What effect would this have on taxes paid by the company’s shareholders?e. Assume that the firm’s after-tax cost of capital is 10.5%. What is the firm’s 2018 EVA?f. Assume that the firm’s stock price is $22 per share and that at year-end 2018 the firmhas 10 million shares outstanding. What is the firm’s MVA at year-end 2018?
The Crane Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.473 million, cost of goods sold of $817,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. Compute the cash flows to investors from operating activity. (Round answer to 2 decimal places, e.g. 15.25.)
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets 2018 2019 Liabilities and Shareholders' Equity 2018 2019 Current assets $ 97 $ 175 Current liabilities $ 64 $ 81 Net fixed assets 870 970 Long-term debt 635 820 INCOME STATEMENT, 2019 (Figures in $ millions) Revenue $ 1,985 Cost of goods sold 1,065 Depreciation 385 Interest expense 247 a&b. What is shareholders’ equity in 2018 and 2019? c&d. What is net working capital in 2018 and 2019? e. What are taxes paid in 2019? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2019? g. Net fixed assets increased from $870 million to $970 million during 2019. What must have been South Sea’s gross investment in fixed assets during 2019?
The Sunland Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.426 million, cost of goods sold of $815,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. Compute the cash flows to investors from operating activity. (Round answer to 2 decimal places, e.g. 15.25.) Cash flow from operating activity $
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Yellow Company reported the following information in 2021:· Sales revenue- P500,000· Cost of Goods Sold- P350,000· Operating Expenses- P55,000· Unrealized translation gain- P20,000· Cash dividends received on investment in equity securities- P2,000Ignore income tax, for 2021, Yellow Company would report total comprehensive income before tax of?
Lala Company reported the following information in 2021:· Sales revenue- P500,000· Cost of Goods Sold- P350,000· Operating Expenses- P55,000· Unrealized translation gain- P20,000· Cash dividends received on investment in equity securities- P2,000Ignore income tax, for 2021, Lala Company would report total comprehensive income before tax of? A. 117,000 B. 20,000 C. 97,000 D. 115,000
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Booker Corporation had the following comparative current assets and current liabilities: December 31, 2016 December 13, 2015 Current Assets Cash $60,000 $30,000 Short-term Investments $40,000 $10,000 Accounts Receivable $55,000 $95,000 Inventory $110,000 $90,000 Prepaid Expenses $35,000 $20,000 Total Current Assets $300,000 $245,000 Current Liabilities Accounts Payable $140,000 $110,000 Salaries Payable $40,000 $30,000 Income Tax Payable $20,000 $15,000 Total Current Liabilities $200,000 $155,000 During 2016, credit sales and cost of goods sold were $750,000 and $400,000, respectively. Compute the current ratio for 2016.
The following are the summarised financial information of Ting Ltd for the two financial years ended 31 October 2020 are as follows:2019 2020£ million £ millionEquity 2,460.8 1,732.8 Non-current liabilities (Loans) 640.0 800.0 Current liabilities 654.4 1,020.5 Non-current assets 2,804.8 2,367.2 Current assets 950.4 962.4 Revenue 1,601.6 1,509.6 Total expenses 1,444.0 1,492.8 Required:(a) Calculate the following financial ratios for the two years: 2019 and 2020:(i) Current ratio (ii) Capital gearing ratio (iii) Profit margin (b) Comment briefly on the ratios of the company, computed in part (a) over the two year period from 2019 to 2020. (c) Provide any two (2) recommendations on how the company may improve these ratios in the futur.