What is net income ? 2015 and 2016? Income-Expenditure|(USD Million)Dec. 2016Dec. 2015Interest Income5.1205.225Interest on loans4.1314.109Interest received from reserve deposits6320Interest received from banksInterest received from money market transactionsInterest received from marketable securities portfolio2317328871.036Other interest income11Interest ExpensesInterest on deposits2.8622.7112.2392.049Interest on money market transactions147138Interest on funds borrowedInterest on securities issuedOther interest expenses2772781882331112Net Interest Income/ExpensesNet Fees and Commissions Income/Expenses2.2582.514681807Fees and commissions receivedFees and commissions paidDividend Income8339671521606.Trading Profit/Loss (net)Profit/loss on trading account securitiesProfit/losses on derivative financial transactions269194573310-182Foreign exchange profit/lossOther Operating IncomeTotal Operating Income/ExpensesProvision for Loan Losses or other Receivables (-)Specific provisions of banks loans and other receivables*General provision expenses*-851282502073.4653.552630796509602108145Other Operating Expenses (-)Personnel Expenses*1.2161.444484546Net Operating Profit/LossSurplus written as gain after mergerProfit/losses from equity method applied subsidiariesNet monetory position gain/lossProfit/Loss Before Taxes from Continuing OperationsProvisions for Taxes on Income from Continuing Operațions (±)Net Profit/Loss from Continuing OperationsNet Profit/Loss Before Taxes from Terminated OperationsProvisions for Taxes on Income from Terminated Operations (±)Net Profit/Loss from Terminated Operations1.6191.3121.6191.312-332-2851.2871.026Net Profit/Losses1.2871.026O o o

Net income is the amount of profit/loss generated by the firm in a particular year from core…

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What is net income ? 2015 and 2016?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Below are Laiho Industries’ 2017 and 2018 balance sheet items: 2018 2017 Cash $ 102,850.00 $ 89,725.00 Accounts Receivable $ 103,365.00 $ 85,527.00 Long-Term Debt $ 76,264.00 $ 63,914.00 Accounts Payable $ 30,761.00 $ 23,109.00 Common Stock (total value) $ 100,000.00 $ 90,000.00 Notes Payable $ 16,717.00 $ 14,217.00 Net Fixed Assets $ 67,165.00 $ 42,436.00 Accruals $ 30,477.00 $ 22,656.00 Inventories $ 38,444.00 $ 34,982.00 Retained Earnings $ 57,605.00 $ 38,774.00 Sales for 2018 were $455,150, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575, the corporate tax rate was 40%, and Laiho pays 40% of its net income as dividends. Given this information, construct the firm’s 2018…
3. Following information is available in respect of A LtdParticulars As on 31.3.2019(Rupees. In Lacs)As on 31.3.2020(Rupees. In Lacs)Investment in FinancialAssets- 100Equity Share Capital 150 160Long term Loans taken 100 200Dividend paid - 26Dividend received - 10Interest received - 15a. Prepare the cash flow from financing activities from the above information and givereasons for each element whether these elements belongs to financing activities or not. b. Calculate the relationship between the debt and equity for the year 2019 and 2020, andcomment
How do I calculate the Net Operating Assets for 2015 and 2016 (in thousands) Dec. 29, 2016 Dec. 30, 2015 Cash and cash equivalents $ 100,692 $ 105,776 Short-term investments 449,535 507,639 Accounts receivable, net 197,355 207,180 Prepaid assets 15,948 19,430 Other current assets 32,648 22,507 Total current assets 796,178 862,532 Long-term marketable securities 187,299 291,136 Investments in joint ventures 15,614 22,815 Property plant and equipment, net 596,743 632,439 Goodwill 134,517 109,085 Deferred income taxes 301,342 309,142 Miscellaneous assets 153,702 190,541 Total assets $2,185,395 $2,417,690 Accounts payable $ 104,463 $ 96,082 Accrued payroll and other related liabilities 96,463 98,256 Unexpired subscriptions 66,686 60,184 Current portion of long-term debt 0 188,377 Accrued expenses and…
Use the common-size financial statements found here: ommon-Size Balance Sheet 2016Cash and marketable securities $ 480 1.5 %Accounts receivable 6,030 18.2Inventory 9,540 28.8Total current assets $ 16,050 48.5 %Net property, plant, and equipment 17,020 51.5Total assets $33,070 100.0 %Accounts payable $ 7,150 21.6 %Short-term notes 6,850 20.7Total current liabilities $ 14,000 42.3 %Long-term liabilities 7,010 21.2Total liabilities $ 21,010 63.5 %Total common shareholders’ equity 12,060 36.5Total liabilities and shareholders’ equity $33,070 100.0 %Common-Size Income Statement 2016Revenues $ 30,000 100.0 %Cost of goods sold (20,050) 66.8Gross profit $ 9,950 33.2 %Operating expenses (7,960) 26.5Net operating income $ 1,990 6.6 %Interest expense (940) 3.1Earnings before taxes $ 1,050 3.5 %Income taxes (382) 1.3Net income $668 2.2 % Specifically, write up a brief narrative that responds to the following questions: a. How much cash does Patterson have on hand relative to its total…
All the figures are in millions. Please calculate: debt ratio and times interest earned ratio Please written down the formulas used and use excel. BKW Current Asset Current Liabilities Total Liabilities Total Assets 2016 344,168 145,498 678,726 2,517,211 2017 356,979 160,215 752,063 2,719,903 2018 368,473 177,655 804,059 2,875,137 2019 495,024 261,798 925,626 3,092,984 2020 637,416 232,882 1,428,922 3,832,933 2021 579,863 268,282 1,546,085 4,025,832 BKW Net Cash Provided by operating activities Operating Income Before Tax Finance Costs Cash and cash eqiv & Accounts receivables 2016 148,507 121,756 - 14,080 19,641 + 133,225 2017 115,422 256,583 - 12,436 19,641 + 133,225 2018 170,948 244,453 - 14,456 21,167 + 122,216 2019 123,080 314,475 - 23,883 74,881 + 133,319 2020 75,259 417,117 -…
2019: Profit Margin – Profit $1435 / Net Sales $38,464 = 0.037:1 OR 3.7% Working Capital – Current Assets $3406 - Current Liabilities $4291 = -885 Current Ratio – Current Assets $3406 / Current Liabilities $4291 = 0.79:1 OR $0.79 Current Cash Debt Coverage – Net Cash Provided by Operation Activities $2275 / Average Current Liabilities $8781.50 = 0.26:1 OR 0.26 Average Current Liabilities Calculation: 4291 + 8981 / 2 = 8781.50 Debt to Total Assets Ratio – Total Liabilities 4291 + 2129 = 6420 / Total Assets 3406 + 6371 = 9777 = 0.66:1 OR 0.66 Cash Debt Coverage – Net Cash Provided by Operation Activities $2275 / Average Total Liabilities 11,067.25 = 0.21:1 OR 0.21 Average Total Liabilities Calculation: 6420 + 9295 / 2 = 11,067.25 Return on Assets – Profit 1435 / Average Total Assets 11,160.50 = 0.128:1 OR 12.8% Average Total Assets Calculation: 9777 + 12544 / 2 = 11,160.50 2020: Profit Margin – Profit $978 / Net Sales $37,784 = 0.025:1 OR 2.5% Working Capital – Current Assets $3779 -…
- Calculate ratiosHere is some financial statement data for Nestlé (in millions of Swiss francs):2021 2020Total current assets 39,257 34,068Inventory 11,982 10,101Total assets 139,142 124,028Net sales 87,088 84,343Cost of goods sold 45,468 42,971Gross profit 12,159 14,233Interest expense 753 815Net income 17,196 12,372Net cash provided by operating activities 16,645 17,157Capital expenditures 4,880 4,076Cash dividends 7,983 7,968Investing cash flow 3,044 5,667PurposeThe purpose of this problem is to demonstrate an understanding of analyzing a company's performance using ratio analysis and calculating ratios.InstructionsAfter reviewing the information, calculate the following ratios for Nestlé for 2021:1) Inventory turnover2) Profit margin3) Return on assets4) Free cash flowRound all answers to two decimal places. Do not include dollar signs because Nestlé's accounting information is in Swiss Francs. Show the calculationsfor each answer.GuidanceFor guidance, see the ratio analysis…
The Murdock Corporation reported the following balance sheet data for 2024 and 2023: 2024 2023 Cash $ 98,465 $ 34,355 Available-for-sale debt securities (not cash equivalents) 25,000 104,000 Accounts receivable 99,000 85,350 Inventory 184,000 162,100 Prepaid insurance 3,210 3,900 Land, buildings, and equipment 1,288,000 1,144,000 Accumulated depreciation (629,000) (591,000) Total assets $ 1,068,675 $ 942,705 Accounts payable $ 93,440 $ 167,670 Salaries payable 27,600 34,000 Notes payable (current) 42,100 94,000 Bonds payable 219,000 0 Common stock 300,000 300,000 Retained earnings 386,535 347,035 Total liabilities and shareholders' equity $ 1,068,675 $ 942,705 Additional information for 2024: (1) Sold available-for-sale debt securities costing $79,000 for $85,400. (2) Equipment costing $20,000 with a book value of $6,900 was sold for $8,850. (3) Issued 6% bonds payable at face value, $219,000. (4) Purchased new equipment for $164,000 cash. (5)…
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…
All the numbers are in millions. Please calculate the debt ratio and time interest earned ratio year by year. Curent Asset Current Liabilities Total Liabilities Total Assets 2016 5,857.9 8,824.3 12,978.2 18,592.9 2017 6,261.3 10,757.7 14,687.7 20,854.2 2018 6,314.2 6,588.0 10,549.4 16,963.6 2019 5,756 6,287 10,821 17,178 2020 5,977 5,653 10,816 17,748 2021 4,950 5,983 10,049 17,000 BKW Net Cash Provided by operating activities Operating Income Before Tax Finance Costs Cash and cash eqiv & Accounts receivables 2016 853.0 862.8 - 126.2 1,008.4 + 2,785.0 2017 146.0 1,007.0 - 108. 6 1,249.2 + 2,749.2 2018 72.8 1,066.2 - 88.0 1,177.1 + 2,670.2 2019 60 620 - 142 1,290 + 2,050 2020 137 - 536 - 165 1, 1 1 1 + 1,667 2021 468 295 - 146 1,662 + 1,741 Debt Ratio = Total Liabilities/Total Assets Times Interest…
28. mELON Inc. has recorded the following transactions on its book for the year 2021. How much total Cash Inflow from financing activities that BT21 should reflected on its Statement of Cash Flow:i. Payment for interest of the issued bonds on April 1, 2021, 900.ii. Cash dividend received on the short-term investment, 5,000iii. Depreciation on plant that manufactures goods for sale, 6,000.iv. Payment of income tax on gain on sale of treasury bills, 2,000.v. Issued 500 ordinary shares for 50,000.vi. Received cash from interest on the acquired treasury bonds of BigHit Corp, 2,400.vii. Payment for marketable securities, 12,000.
FBC statement of financial position (R millions) 2018 2017 Cash and equivalents R149 R83 Accounts receivable 295 265 Inventory 275 285 Total current assets R719 R633 Total fixed assets 3 909 3 856 Accounts payable 228 220 Notes payable 0 0 Total current liabilities 228 220 Long term debt 1 800 1 650 Total liabilities and shareholders equity 3 909 3 856 Number of shares outstanding (millions) 100 100 Additional information: Depreciation (2018): R483. The firm spent R250m in profitable projects during the course of 2018 WACC : 15% Cost of equity of the firm: 10% Tax rate : 40% Table 2: FBC statement of comprehensive income (R millions except for share data) 2018 2017 Total revenues R3 175 R3 075 EBIT 495 448 Interest expense 104 101 Net Income 235 208 Dividends per share R0.80…

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