Total interest income$140Provision for loan losses$5Total interest expenses$100Income taxes4Total noninterest income$75Increases in bank’s undivided profits$6Total noninterest expenses$90 Please calculate these items: Net interest incomeNet noninterest incomePretax net operating incomeNet income after taxesTotal operating revenuesTotal operating expensesDividends paid to common stockholders

An Income statement is a financial statement that shows the company revenue and expenses for a…

Answered: Total interest income $140 Provision…

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

Chapter3: Income Flows Versus Cash Flows: Understanding The Statement Of Cash Flow

Section: Chapter Questions

Problem 10QE: Computing Cash Payments for Income Taxes. Visa Inc., a credit card company, reported income tax...

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Cost of Debt Financing Stinson Corporations cost of debt financing is 6%. Its tax rate is 30%. Required: Calculate the after-tax interest rate. (Vote: Round answer to one decimal place.)
Computing Cash Payments for Income Taxes. Visa Inc., a credit card company, reported income tax expense of 1,648 million for Year 1, comprising 1,346 million of current taxes and 302 million of deferred taxes. The balance sheet showed income taxes payable of 122 million at the beginning of Year 1 and 327 million at the end of Year 1. Commute the amount of income taxes paid in cash during Year 1.
Balance Sheet Income Statement Cash $100 Interest Income $400 Securities Investments $600 Interest Expenses ($150) Net Loans $1200 NonInterest Income $50 Net Premises and Equip. $300 NonInterest Expenses ($100) Total Assets $2200 Provision for Loan Losses ($60) Deposits $1100 Pre Tax Net Operating Income $140 NonDeposit Borrowings $800 Securities Gains (Losses) ($40) Equity Capital $300 Taxes ($45) Total Liabilities and Equity $2200…
Balance Sheet Income Statement Cash $100 Interest Income $400 Securities Investments $600 Interest Expenses ($150) Net Loans $1200 NonInterest Income $50 Net Premises and Equip. $300 NonInterest Expenses ($100) Total Assets $2200 Provision for Loan Losses ($60) Deposits $1100 Pre Tax Net Operating Income $140 NonDeposit Borrowings $800 Securities Gains (Losses) ($40) Equity Capital $300 Taxes ($45) Total Liabilities and Equity $2200…
5. The followings ate the information about Rainbow National Bank:Report of Income Tk.Interest income 1,250Interest expense 500Total assets 40,000Securities losses or gains 1,000Earning assets 30,000Total liabilities 30,000Taxes paid 1,000Shares of common stock outstanding 3,000Noninterest income 8,000Noninterest expense 6,000Provision for loan losses 2,500Calculate ROE, ROA, Net interest margin, Earnings per share, Net noninterest marginand Net operating margin.Alternative Scenarios:Suppose interest income, interest expenses, noninterest income, and noninterestexpenses each decline by 5 percent while all other revenue and expense items shown inthe preceding table remain unchanged. What will be happen to Rainbow ROE, ROA,and earnings per share?
Aa.6. You know the following information about the Davis National Bank: Total interest expenses $500.00 Total Noninterest income $100.00 Securities gains (losses) $50.00 Income taxes $80.00 Dividends to stockholders $40.00 Total interest income $800.00 Total noninterest expenses $150.00 Provision for loan losses $100.00 Given this information, what is the value of this firm’s pretax net operating income?
Expenses Earnings before interest and taxes Interest Earnings before taxes Taxes Earnings after taxes Dividends Accounts receivable Inventory Current assets Total assets 63,000 91.000 The Som $ 162,500 85,000 $ -247,588 $.250,000 192.000 $58,000 $50,500 15,500 $ 35,000 $7,000 Balance Sheet Liabilities and Stockholders" Equity Accounts payable Accrued wages Accrued taxes Current liabilities Notes payable Long-tere debt Common stock Retained earnings Total liabilities and stockholders' equity $ 26,400 2,350 Using the percent-of-sales method, determine whether the company has external financing needs, or a surplus of funds. (Hint: A profit margin and payout ratio must be found from the income statement) Note: Do not round intermediate calculations. Input your answer as positive a value. 7.700 in extemal funds. $ 32,500 7,500 17,500 125,000 65,000 $ 247,500
From the balance sheet prepare a proforma income statement where revenues can increase by 2% and the firm can borrow at 5.5% BALANCE SHEET 2021 Cash and cash equivalents 280 Receivables 2588 Inventory 2516 Other CA 189 TOTAL CA 5573 Fixed assets 5024 TOTAL ASSETS 10597 Accounts payable 4713 Short term debt 78 TOTAL CL 4790 LT debt 921 Shareh. Equity 4886 TOTAL LIAB. AND SHARH. EQUITY 10597 INCOME STATEMENT 2021 Sales 19418 COGS 13136 Depreciations 354 SG&A 4952 EBIT 976 Interest Expenses 52 Tax 268 Net income 656 Pro-forma statement Pro Forma Forecasts Actual Projected Projected Projected Projected Projected 2021 2022 2023 2024 2025 2026 COGS/REVENUES SGA/SALES INVENTORIES/COGS OTHER CA/SALES AR/SALES AP/COGS SALES/FIXED ASSETS DEPR/ FIXED ASSETS EQUITY/INVESTED CAPITAL ST DEBT/INVESTED…
Using the data given below, compute for the total amount of items that meet the definition of financial liability Bank overdraft P 100,000 Accounts payable 1,200,000 Notes payable 500,000 Loans payable 1,800,000 Income tax payable 120,000 Warranty obligations 180,000 Deferred revenue 240,000 Cumulative, redeemable preference shares at the option of the holder 1,000,000 Non-cumulative, non-redeemable preference shares 2,000,000 a. P4,900,000c. P4,600,000 b. P3,620,000 d. P4,500,000
20) On a bank's income statement, the amount available to keep as retained earnings or pay to the stockholders in dividends is the bank's A) net income. B) net operating income. C) net extraordinary items. D) net interest margin
Using the data given below, compute for the total amount of items that meet the definition of financial liability Bank overdraft P 100,000 Accounts payable 1,200,000 Notes payable 500,000 Loans payable 1,800,000 Income tax payable 120,000 Warranty obligations 180,000 Deferred revenue 240,000 Cumulative, redeemable preference shares at the option of the issuer 1,000,000 Non-cumulative, non-redeemable preference shares 2,000,000
Q. Using the following data, complete the balance sheet given below: Gross profit. Rs.54,000 Shareholders fund Rs.600,000 Gross profit margin. 20% Credit sale to Total sales. 80% Total assets turnover. 0.3 times Inventory turnover. 4times Average collection period. 20 days ( a 360 days year) Current ratio. 1.8 Long-term debt to equity. 40% BALANCE SHEET Creditors. ? Cash ? Long term debt. ? Debtors. ? Shareholders fund. ? Inventory. ? Fixed asset. ? Total equity. Total assets

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Total interest income	$140	Provision for loan losses	$5
Total interest expenses	$100	Income taxes	4
Total noninterest income	$75	Increases in bank’s undivided profits	$6
Total noninterest expenses	$90