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- Profitability Ratios Katrina Corp. is a publicly traded company on a large stock exchange. Katrinas financial statement for 2019 and 2018 included the following data: Required: Calculate Katrinas earnings per share as it would be reported on the 2019 income statement.Debt Management and Short-Term Liquidity Ratios The following items appear on the balance sheet of Figgins Company at the end of 2018 and 2019: Required: Between 2018 and 2019, indicate whether Figgins debt to equity ratio increased or decreased. Also, indicate whether Figgins current ratio increased or decreased. Interpret these ratios.Leverage Cook Corporation issued financial statements at December 31, 2019, that include the following information: Balance sheet at December 31,2019 Assets $8,000,000 Liabilities $1,200,000 Stockholders' equity (300,000 shares) $6,800,000 Income statement for 2019: Income from operations $1,200,000 Less: Interest expense (100,000) Income before taxes $1,100,000 Less: Income taxes expense (0,30) (330,000) Net income $ 770,000 The levels of assets, liabilities, stockholders' equity, and operating income have been stable in recent years; however, Cook Corporation is planning a 51,800,000 expansion program that will increase income from operations by $350,000 to $1,550,000, Cook is planning to sell 8.5% notes at par to finance the expansion. Required: What earnings per share does Cook report before the expansion?
- Investments in Equity Securities Manson Incorporated reported investments in equity securities of 60,495 as a current asset on its December 31, 2018, balance sheet. An analysis of Mansons investments on December 31, 2018, reveals the following: During 2019, the following transactions related to Mansons investments occurred: Required: 1. Assuming Manson prepares quarterly financial statements, prepare journal entries to record the preceding information. 2. Show the items of income or loss from investment transactions that Manson reports for each quarter of 2019. 3. Show how Mansons investments are reported on the balance sheet on March 31, 2019; June 30, 2019; September 30, 2019; and December 31, 2019.Capital Stock Refer to the information for Stahl Company above. Required: What is the amount of Stahls total contributed capital at December 31, 2019?Debt Management Ratios Glow Corporation provides annual and quarterly financial data to the public. For the years of 2018 and 2019. Glows financial data included the following account balances: Required: Determine whether the debt to equity ratio is increasing or decreasing and whether Glow should be concerned.
- JUST DEW IT CORPORATION2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 10,150 $ 10,350 Accounts payable $ 74,500 $ 61,250 Accounts receivable 27,100 27,250 Notes payable 48,500 49,250 Inventory 62,900 63,500 Total $ 123,000 $ 110,500 Total $ 100,150 $ 101,100 Long-term debt $ 59,400 $ 64,900 Owners' equity Common stock and paid-in surplus $ 80,000 $ 80,000 Fixed assets Retained earnings 171,750 192,700 Net plant and equipment $ 334,000 $ 347,000 Total $ 251,750 $ 272,700 Total assets $ 434,150 $ 448,100 Total liabilities and owners' equity $ 434,150 $ 448,100 Based on the balance sheets given for Just Dew It, calculate the following…Required:a. Calculate the following ratios for Sweets plc for 2021 and 2020, showing the formulas and workings:4- Net profit margin5- Asset turnover6- Stock holding days7- Debtors collection period8- Current ratio9- Gearing ratio10- Interest coverperating data for Navarro Corporation are presented below. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings Instructions December 31, 2017 $125,000 396,000 91,000 133,000 161,000 136,000 December 31, 2016 $100,000 330,000 70,000 95,000 115,000 150,000 Prepare horizontal and vertical analyses. (LO 1) Prepare a schedule showing a vertical analysis for 2017 and 2016. E18-3 The comparative condensed balance sheets of Gurley Corporation
- 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…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…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…
