Sidewinder, Inc., has sales of $638,000, costs of $329,000, depreciation expense of $74,000, interest expense of $39,000, and a tax rate of 21 percent. The firm paid out $69,000 in cash dividends and has 35,200 shares of common stock outstanding. a. What is the earnings per share, or EPS, figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Earnings per share b. Dividends per share
Q: Griffins Goat Farm, Inc., has sales of $681,000, costs of $343,000, depreciation expense of $87,000,…
A: Given information: Sales amounted to $681,000 Costs of $343,000 Depreciation expense is $87,000…
Q: Florida Co. just paid total dividends of $750,000 and reported additions to retained earnings of…
A: Dividend paid =$750,000 Addition retained earnings =$2250000 Shares =585000 PE ratio= 16 times
Q: Electronics World Inc. paid out $24 million in total common dividends and reported $255.6 million of…
A: Net income is the income that is available for distribution of dividends and retained earnings. It…
Q: ABC Company had addition to retained earnings for the current fiscal year just ended of $395,000.…
A: Part (5): Calculation of price earnings ratio: Answer: Price earnings ratio is 18.44 times
Q: Electronics World Inc. paid out $41.5 million in total common dividends and reported $278.4 million…
A: Retained earnings means accumulated earnings of the business, which the business has earned over a…
Q: At the beginning of the current year, Soron Corporation had 200,000 shares of $1 par common stock…
A: Retained earnings are the amount which was retained by the company after all of its expenses…
Q: Griffins Goat Farm, Inc., has sales of $677,000, costs of $339,000, depreciation expense of $83,000,…
A: Earning per share is ratio of net income left for common share holders and the outstanding shares.…
Q: How much are the total earnings will be available for common stock holders? Calculate the Earnings…
A: Earnings available to shareholders is the amount which can be distributed to the shareholders. It…
Q: Griffins Goat Farm, Inc., has sales of $671,000, costs of $333,000, depreciation expense of $77,000,…
A: Total Dividend Paid $ 44,500.00 No. of Shares 28,000.00 Tax Rate 24% Sales…
Q: ViewPoint Security's financial statements, which were constructed a few days ago, report the company…
A: Earnings per share(EPS): EPS = Net income / Out standing equity shares EPS = $2,100,000/ 500,000 EPS…
Q: In its most recent financial statements, Nessler Inc. reported $35 million of net income and $420…
A: The term retained earnings refer to the amount of net income that is distributed among the…
Q: LILSO’s group's published annual report showed the following: -Operating profit for the year was…
A: Earnings available to common stockholders = Net Profit -Preference Dividend Earnings Per Share =…
Q: Makers Corp. had additions to retained earnings for the year just ended of $213,000. The firm paid…
A: Earnings per share : Earnings per share are calculated based on the companies year ending profit and…
Q: MJ INC. paid out $44.8 million in total common dividend and reported $289.4 million of retained…
A: “Hey, since there are multiple questions posted, we will answer first question. If you want any…
Q: In its most recent financial statements, Nessler Inc. reported $55 million of net income and $1,045…
A: Retained Earnings is the amount of earnings that is accumulated and that is attributable to the…
Q: Sales for J. P. Hulett Inc. during the past year amounted to $4.0 million. Gross profits totaled…
A: Taxes on income: All corporations are required to pay taxes on their income. The IRA has an…
Q: Rossdale, Inc., had additions to retained earnings for the year just ended of $575,000. The firm…
A: 1.Calculate the earnings per share as follows:
Q: For the year that just ended, Leaf Manufacturing had net income of $786,400 and preferred dividends…
A: Earning Per Share Earnings per share (EPS) is calculated as a company's profit divided by the…
Q: What is the net income for the current year? During the year, Homo sold 100,000 shares with P20 par…
A: Net income for the current year This can be arrived using the Cash flow statement as follows:
Q: Based on the corporate valuation model, the value of Weidner Co.'s operations is $1,200 million. The…
A:
Q: Griffins Goat Farm, Ic., has sales of $681,000, costs of $343,000, depreciation expense of $87,000,…
A: The income that a common shareholder earns on the shares which are under the possession of the…
Q: Makers Corp. had additions to retained earnings for the year just ended of $415,000. The firm paid…
A: The question has 6 sub-parts to be answered. As per guidelines, we must answer first two sub-parts…
Q: Reliable Corporation had sales of $61,122,248, cost of goods sold of $24,201,696, operating expenses…
A: Given: Reliable Corporation had sales of $60,257,593, cost of goods sold of $24,092,883, operating…
Q: In its most recent financial statements, Nessler Inc. reported $80 million of net income and $1,440…
A: Given that the net income in the current year is $80 millionRetained earnings in the current year is…
Q: Boe Company has owners' equity of P400,000 and net income of P66,000. It has a payout ratio of 20%…
A: Dividend payout ratio means the amount of dividend distributed as compared to earning. Return on…
Q: Reliable Auto Parts has 5,000 shares of common stock outstanding. The company also has the following…
A: cash flow from operations = net income + depreciation net income = (85,000 - 50,000 - 7,500 -…
Q: The following information has been gathered for Malette Manufacturing: Net income $5,000,000…
A: “Since you have asked multiple sub-parts, we will solve the first three sub-parts for you. If you…
Q: Nataro, Incorporated, has sales of $678,000, costs of $340,000, depreciation expense of $84,000,…
A: Addition to retained earnings is the amount that is left over from net income after distributing…
Q: National Co. has an ROE of 15 percent, a debt ratio of 40 percent, and a profit margin of 6 percent.…
A: The ratio analysis helps to analyse the financial statements of the business.
Q: For the most recent year, Camargo, Inc., had sales of $562,000, cost of goods sold of $248,050,…
A: The times interest earned ratio, also known as the interest coverage ratio, shows a company's…
Q: Riley Company paid cash dividends of P840,000 and reported net income of P2,170,000. The ordinary…
A: Book value of ordinary share is the the total ordinary shareholders equity plus net income less cash…
Q: . The company had a 40% dividend payout ratio in 2008. If Bowles wants to maintain this payout ratio…
A: As per our guidelines, we can answer the first three subparts. If you want the remaining answered,…
Q: Company A has net sales revenue of $780,000, cost of goods sold of $343,200 and all other expenses…
A: Basic EPS = Net Income / Weighted Average No. of Shares Sales Revenue = $780000 Cost of Goods Sold =…
Q: Use the accounting equation to answer each of the following questions. (a) The liabilities of Alli…
A: Here we used the concept of Accounting Equation . Main Concept Of accounting equation is Total…
Q: Ames, Inc., has a current stock price of $58. For the past year, the company had a net income of…
A: Given the following information: Current stock price: $58 Net income: $8,400,000 Total equity:…
Q: Griffins Goat Farm, Inc., has sales of $670,000, costs of $332,000, depreciation expense of $76,000,…
A: Income before tax = Sales - Cost -Depreciation - Interest expenses = 670000 - 332000-76000-48000…
Q: Alpha Corporation reported the following financial details for t ncial year 2021. Revenue is $250…
A: The earnings per share or the EPS are of two types that is the basic EPS and the diluted EPS. This…
Q: Use the information below to build a properly formatted income statement. A: The firm has…
A: We shall first calculate the net income using the following formula - Net income = Shares…
Q: Griffins Goat Farm, Inc., has sales of $667,000, costs of $329,000, depreciation expense of $73,000,…
A: Earning per share indicates that how much money a company makes for each share. It is calculated by…
Q: Reliable Auto Parts has 5,000 shares of common stock outstanding. The company also has the following…
A: Since you have asked a question with multiple parts, we will solve the first 3 parts for you. Please…
Q: ABC Company had addition to retained earnings for the current fiscal year just ended of $395,000.…
A: Since, there are more than three parts in one question, the answer for first four parts is provided…
Q: Arya Inc.'s latest net income was $1,250,000, and it had 225,000 shares outstanding. The company…
A: Net income = $ 1,250,000 Number of shares = 225,000 Payout ratio = 45%
Q: In its most recent financial statements, Nessler Inc. reported $60 million of net income and $660…
A: Equity capital is the funds invested by the owners of the company. The equity holders of the owners…
Q: Boe Company has owners' equity of P400,000 and net income of P66,000. It has a payout ratio of 20%…
A: Calculation: Formula snip:
Trending now
This is a popular solution!
Learn your way
Includes step-by-step video
Step by step
Solved in 3 steps
- A2 aii Use the following information for Delta Corporation: Year 20X1 20X2 Net sales $1,500,000 $1,656,598 Cost of goods sold 675,000 745,469 Depreciation 270,000 298,188 Interest paid 43,600 44,000 Cash 127,500 140,811 Account’s receivable 450,000 496,980 Inventory 525,000 579,809 Net fixed assets 1,800,000 1,987,918 Accounts payable 375,000 414,150 Notes payable 45,000 50,000 Long-term debt 500,000 500,000 Common stock 1,000,000 1,000,000 Retained earnings 982,500 1,241,368 Tax rate 35% 35% Dividend payout 30% 30% Delta has 600,000 common shares outstanding. The firm is projecting a 20% increase in net sales for the coming year (20X3). Delta uses the percentage of sales approach to plan for its financing needs. In using this approach, the firm assumes that cost of goods sold, all assets (current and fixed), and accounts payable will all remain a constant…Question 3A businessman has bought the following items for his business uses: Machinery RM100,000Computers RM50,000Pen RM10A4 paper rim RM15Printer cartridge RM20 Required: (iii) State an accounting concept whichever applicable that requires an accounting adjustment in the presentation of financial statements.A2 1ai Use the following information for Delta Corporation : Year 20X1 20X2 Net sales $1,500,000 $1,656,598 Cost of goods sold 675,000 745,469 Depreciation 270,000 298,188 Interest paid 43,600 44,000 Cash 127,500 140,811 Accounts receivable 450,000 496,980 Inventory 525,000 579,809 Net fixed assets 1,800,000 1,987,918 Accounts payable 375,000 414,150 Notes payable 45,000 50,000 Long-term debt 500,000 500,000 Common stock 1,000,000 1,000,000 Retained earnings 982,500 1,241,368 Tax rate 35% 35% Dividend payout 30% 30% Delta has 600,000 common shares outstanding. The firm is projecting a 20% increase in net sales for the coming year (20X3). Delta uses the percentage of sales approach to plan for its financing needs. In using this approach, the firm assumes that cost of goods sold, all assets (current and fixed), and accounts payable will all remain a…
- EIL.25 (LOS)) (Revaluation Accounting) Pengo Ltd. owns land that it purchased at a cost of V400 million in 2017. The company chooses to use revaluation accounting to account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2017, V450,000; 2018. V360,000, 2019, V385,000; 2020, ¥410,000, and 2021, V460,000. Instructions Complete the following table below. Value at Other Comprehensive Accumulated Other Recognized December 31 Income Comprehensive Income Net Income 2017 2018 2019 2020Use the following information (in thousands):a. ¥126,000 d. ¥63,000Answer:1Sales revenue¥300,000 Gain on sale of equipment90,000 Cost of goods sold164,000 Interest expense16,000 Selling & administrative expenses30,000 Income tax rate30%Determine the amount of net income.please dont provide answer in image format thank you Great Lakes Manufacturing Inc. comparative Statement of Financial Position at December 31in (000)'s 20X5 20X4Cash $ 5,100 $ 4,800 Accounts Receivable $ 9,010 $ 6,100 Inventory $ 10,400 $ 14,000 Prepaid Expenses $ 1,950 $ 1,020 Equipment $ 58,500 $ 59,900 Accumulated Depreciation - equipment $ (33,100 ) $ (32,000 )Total Assets $ 51,860 $ 53,820 Account Payable $ 7,000 $ 11,400 Interest Payable $ 350 $ 110 Income taxes payable $ 650 $ 500 Dividends Payable $ 2,400 $ 3,200 Long-term Notes Payable $ 17,500 $ 17,000 Common shares $ 22,000 $ 20,000 Retained Earnings $ 1,960 $ 1,610 Total Liabilities &…
- Question 5The following balances were extracted from the books of Billion Precision for the year ended 31 December 2020. Dr (RM) Cr (RM) Land 500 000 Building 200 000 Motor Vehicles 120 000 Plant & machinery 70 000 Profit b/f as at 01.01.2020 237 650 Capital 438 000 Acc depreciation as at 1.1.2020 Building 60 000 Motor Vehicles 69 250 Plant & machinery 40 000 Returns 3 600 4 100 Revenue 800 000 Purchases 400 000 Discounts 5 000 Carriage inwards 7 700 Opening inventory 52 000 Provision for bad debts 2 000 Trade receivable / Trade payable 66 000 43 200 Advertising 18 000 Staff training cost 4 000 Bad debts 12 500 Motor expenses 27 000 Rental 90 000 Bank 7 600 Wages & Salaries 126 000 Grand Total 1 701 800 1 701 800 Additional information:i. The provision for bad debts should be 4% of trade receivables. ii. Depreciation is to be charged as follows:-Buildings 2% on…Ex5.21From the following transactions as well as additional data, please complete the entire accountingcycle for Parker’s Plowing201XJan. 1 Parker invested $10,000 cash and $12,000 worth of snow equipment into the plowingcompany.1 Paid rent for six months in advance for garage space, $6,000.4 Purchased office equipment on account from Lumen Corp., $12,600.6 Purchased snow supplies for $800 cash.8 Collected $14,000 from plowing local shopping centers.P a g e 7 | 812 Parker Muroney withdrew $4,000 from the business for his own personal use.20 Plowed Alton Co. parking lots, payment not to be received until May, $1,500.26 Paid salaries to employees, $1,900.28 Paid Lumen Corp. one-half amount owed for office equipment.29 Advertising bill received from Washington Co. but will not be paid until May, $700.30 Paid telephone bill, $130.Adjustment Dataa. Snow supplies on hand, $700.b. Rent expired, $1,000.d. Depreciation on snow equipment, $200: ($12,000/5 yr = $2,400/12 mo. = $200).e. Accrued…A2 1g May I please have the answer in formula form and not in excel. Thx:) Use the following information for Delta Corporation to answer question 1: Year 20X1 20X2 Net sales $1,500,000 $1,656,598 Cost of goods sold 675,000 745,469 Depreciation 270,000 298,188 Interest paid 43,600 44,000 Cash 127,500 140,811 Account’s receivable 450,000 496,980 Inventory 525,000 579,809 Net fixed assets 1,800,000 1,987,918 Accounts payable 375,000 414,150 Notes payable 45,000 50,000 Long-term debt 500,000 500,000 Common stock 1,000,000 1,000,000 Retained earnings 982,500 1,241,368 Tax rate 35% 35% Dividend payout 30% 30% Delta has 600,000 common shares outstanding. The firm is projecting a 20% increase in net sales for the coming year (20X3). Delta uses the percentage of sales approach to plan for its financing needs. In using this approach, the firm assumes that cost of…
- 3) Calculate the amount of conversion cost that is incurred for Al Hood Manufacturing & Trading LLC. a. RO 8,000 b. RO 22,000 c. RO 25,000 d. RO 23,000eBookPrintReferencesCheck my workCheck My Work button is now enabled2Item 2 During 2023, GlenTel Inc. sold its interest in a chain of wholesale outlets. This sale took the company out of the wholesaling business completely. The company still operates its retail outlets. Following are eight profit-related items: Debit Credit 1. Depreciation expense $ 163,000 2. Gain on sale of wholesale operation (net of $124, 000 income taxes) $ 426,000 3. Loss from operating wholesale operation (net of $122, 000 tax benefit) 366, 000 4. Salaries expense 346,000 5. Sales 1,642,000 6. Gain on expropriation of company property 275,000 7. Cost of goods sold 839,000 8. Income taxes expense 192, 400 Present a multiple-step income statement for 2023.Question C5 Majan Ltd income statement for the year ended 31st Dec 2020 and the balance sheets as at 31st Dec 2009 and 2019 are as follows: Income statement OMR in million Revenue 312 Cost of sales (177) Gross profit 135 Distribution expenses (36) Administrative expenses (15) 84 Rental income 14 Operating profit 98 Interest payable (13) Profit before taxation 85 Taxation (18) Profit for the year 67 Balance sheet as at 31st Dec 2020 and 2019 2020 2019 OMR in million OMR in million Non – current assets Property, plant and equipment Land and buildings 155 155 Plant and machinery 157 163 312 318 Current assets Inventories 18 21 Trade receivables 73 70 Current liabilities…