Question

E8.6. Using Accounting Relations (Medium) Below are a balance sheet and an income statement that have been reformulated accor

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans a) As you can see there is a increase in the Share holder equity which is calculate

Change in Equity share capital(Retained Earnings)=equity share capital 2012-equity share capital 2011

Change in Equity share capital(Retained Earnings)= 90 - 77.30.=12.70.

Your Comprehensive income =14.6

Dividend Paid =Comprehensive income-Retained earning

Dividend paid =14.6-12.70 =1.9 is the amount of dividend paid.

Ans b) Free cash flow for 2012 ( Comprehensive income) = 14.60.

Add a comment
Know the answer?
Add Answer to:
E8.6. Using Accounting Relations (Medium) Below are a balance sheet and an income statement that have...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Redlands, Inc. presents the following income statement and balance sheet for 2011. $200 130 Income Statement...

    Redlands, Inc. presents the following income statement and balance sheet for 2011. $200 130 Income Statement Sales revenues Cost of goods sold Gross profit Operating expenses Net income 70 50 20 80 Assets Cash Accounts receivable Inventory Current assets Balance Sheet Liabilities 60 Accounts payable 80 150 Shareholders' Equity 290 Common stock Retained earnings 210 Total S/Equity S500 Total Liabilities and SE Equipment Total assets 240 180 420 S500 Required: Use the income statement and balance sheet data in dollars)...

  • Problems Use the income statement and balance sheet shown below to develop the statement of cash...

    Problems Use the income statement and balance sheet shown below to develop the statement of cash flows. Revenues $5,700.00 COGS $4,560.00 Gross Profit $1,140.00 Operating Expenses $500.00 Depreciation $27.00 EBIT $613.00 Interest Expense $35.00 EBT $578.00 Taxes $231.20 NI $346.80 Dividends $0.00 ARE $346.80 Balance sheet Year T+1 Year T Cash and Equivalents $714.80 $120.00 Accounts receivable $500.00 $500.00 Inventory $300.00 $340.00 Total Current Assets $1514.80 $960.00 Fixed Assets $660.00 $800.00 Accumulated Depreciation $227.00 $200.00 Net Fixed Assets $433.00 $600.00...

  • This exercise involves creating a pro forma Balance Sheet and a pro forma Income Statement for...

    This exercise involves creating a pro forma Balance Sheet and a pro forma Income Statement for JetBlue Inc. To assist you in this endeavor, a worksheet containing JetBlue’s 2011 Income Statement and Balance Sheet has been provided. Develop the two pro forma financial statements for 2012 based upon the following assumptions. The company plans to increase sales by an additional 10 percent in 2012 due to minor price increases. In addition,the firm plans to launch a massive marketing campaign in...

  • 1. Prepare a vertical analysis for Ambrose for both its income statement and balance sheet. 2....

    1. Prepare a vertical analysis for Ambrose for both its income statement and balance sheet. 2. Compare the​ company's profit performance and financial position with the average for the industry. Ambrose Department Stores, Inc. Income Statement Compared with Industry Average Year Ended December 31, 2018 Industry Ambrose                               Average Net Sales Revenue                                        $780,000                                100.0 % Cost of Goods Sold                                          524,940                                     65.8 Gross Profit                                                   255,060                                            34.2 Operating Expenses                                      159,120                                             19.7 Operating Income                                           95,940                                               14.5 Other Expenses                                             7,020                                                  0.4 Net Income                                                $88,920                                              14.1...

  • please complete the balance sheet. Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following...

    please complete the balance sheet. Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and balance sheets of General Mills, Inc. Income Statement, Fiscal Years Ended ($ millions) May 29, 2011 May 30, 2010 Net Sales $ 14,880.2 $ 14,635.6 Cost of sales 8,926.7 8,835,4 Selling general and administrative expenses 3.192.0 3,162.7 Divestitures (gain), net (17.4) Restructuring, impairment, and other exit costs 4.4 31.4 Operating income 2.606.1 Interest, net 401.6 Earnings before income tax...

  • Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and...

    Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and balance sheets of General Mills, Inc. Income Statement, Fiscal Years Ended ($ millions) May 29, 2011 May 30, 2010 Net Sales $ 14,880.2 $ 14,635.6 Cost of sales 8,926.7 8,835,4 Selling general and administrative expenses 3.192.0 3,162.7 Divestitures (gain), net (17.4) Restructuring, impairment, and other exit costs 4.4 31.4 Operating income 2.606.1 Interest, net 401.6 Earnings before income tax expense and equity in income...

  • PLEASE SOLVE "AT" (bottom line) Selected balance sheet and income statement information for Oracle Corporation follows....

    PLEASE SOLVE "AT" (bottom line) Selected balance sheet and income statement information for Oracle Corporation follows. Perform the required computations from the perspective of an Oracle shareholder: $ millions Operating assets Nonoperating assets Total assets $56,535 54,368 110,903 31-May-15 $56,535 54,368 $110,903 31-May-14 $51,447 38,819 $90,266 19,847 19847 Operating liabilities Nonoperating liabilities Total liabilities 41958 61805 18,722 24,097 42819 61,805 Total stockholders' equity 48,663 $46,878 Total revenues Operating income before tax Nonoperating expense before tax Tax expense Net income 38,226...

  • Below are numbers from a balance sheet and income statement. Construct the financial ratios requested below....

    Below are numbers from a balance sheet and income statement. Construct the financial ratios requested below. Sales 499891 Operating Costs 359935 Depreciation 10000 Interest Expense 5000 Tax Expense 29408 Cash 1000 Receivables 30000 Inventories 59989 Fixed Assets, Net 50000 Payables 11000 Accrued Expenses 10000 Long-Term Loan 50000 Common Equity 69989 Prepare an income statement and a balance sheet for is company using the information provided. Calculate: 1. Current ratio 2. Quick ratio 3. NWC-to-total-Assets (Working capital to assets) 4. Ratio...

  • A comparative balance sheet and income statement for Groton Company follow: Groton Company Comparative Balance Sheet...

    A comparative balance sheet and income statement for Groton Company follow: Groton Company Comparative Balance Sheet December 31, 2011 and 2010 2011 2010 Assets Cash Accounts receivable Inventory Prepaid expenses $8 $ 19 344 255 184 235 32 34 Total current assets 570541 Property, plant, and equipment Less accumulated depreciation 535 (82) 68) 456 Net property, plant, and equipment 453 388 Long-term investments 40 46 Total assets $1,063 $ 975 Liabilities and Stockholders' equity Accounts payable Accrued liabilities Income taxes...

  • Analyze, Forecast, and Interpret Income Statement and Balance Sheet

    Following are the income statement and balance sheet of DP Inc.DATA PROCESSING INC.Statement of Consolidated EarningsFor Year Ended June 30, 2019, $ millionsTotal revenues$14,175.2Operating expenses7,145.9Systems development and programming costs636.3Depreciation and amortization304.4Total cost of revenues8,086.6Selling, general, and administrative expenses3,064.2Interest expense129.9Total expenses11,280.7Other (income) expense, net(111.1)Earnings before income taxes3,005.6Provision for income taxes712.8Net earnings$2,292.8DATA PROCESSING INC.Balance Sheet$ millionsJune 30,2020ForecastCurrent assetsCash and cash equivalents$1,949.2Accounts receivable, net2,439.3Other current assets519.6Total current assets before funds held for clients4,908.1Funds half for clients29,434.2Total current assets34,342.3Long-term receivables, net23.8Property, plant and equipment,...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT