Homework Answers
The correct option is D i.e $9%
Working:
Return on equity (ROE) = (Net income / Equity) * 100
= ($72 / $800) * 100
= 9%
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Savelots Stores' current financial statements are shown below: Balance Sheet: Inventories $500 Accounts payable $100 Other...
Balance Sheet Current assets Cash 870,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,220,000 TOTAL...
Balance Sheet Current assets Cash 870,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,220,000 TOTAL ASSETS 6,200,000 Current liabilities Acc payable not given Long-term debt 1,900,000 Common stock 680,000 Retained earnings 3,190,000 TOTAL LIAB and EQUITY 6, 200,000 Income Statement Sales 18,600,000 Operating expense 14,320,000 EBIT 4,280,000 Interest expense 266,000 EBT 4,014,000 Taxes 1,606,000 Net income 2,408,000 What is the firm's debt ratio? O 30.65% 0 37.58% 062.42% O93.06% 89.03%
Balance Sheet Current assets Cash 870,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,220,000 TOTAL...
Balance Sheet Current assets Cash 870,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,220,000 TOTAL ASSETS 6,200,000 Current liabilities Acc payable not given Long-term debt 1,900,000 Common stock 680,000 Retained earnings 3,190,000 TOTAL LIAB and EQUITY 6,200,000 Income Statement Sales 18,600,000 Operating expense 14,320,000 EBIT 4,280,000 Interest expense 266,000 EBT 4,014,000 Taxes 1,606,000 Net income 2,408,000 What is the firm's debt ratio? Question 5 options: 30.65% 37.58% 62.42% 93.06% 89.03%
Balance Sheet as of December 31, 2010 Cash Receivables Inventories S 180,000 Accounts payable 360,000Notes payable...
Balance Sheet as of December 31, 2010 Cash Receivables Inventories S 180,000 Accounts payable 360,000Notes payable S 360,000 156,000 180,000 720,000 Accruals $1,260,000 Total current liabilities S 696,000 1,800,000 204,000 Total liabilities and equity $2,700.00 Total current assets Fixed assets 1,440,000 Common stock Retained earnings Total assets $2,700,000 Income Statement for December 31, 2010 Sales Operating costs $3,600,000 3,279,720 S 320,280 18,280 S 302,000 120,800 S 181,200 S 108,000 EBIT Interest EBT Taxes (40%) Net income Dividends 3 9 48o...
Balance Sheet as of December 31, 2010 Cash Receivables Inventories S 180,000 Accounts payable 360,000Notes payable...
Balance Sheet as of December 31, 2010 Cash Receivables Inventories S 180,000 Accounts payable 360,000Notes payable S 360,000 156,000 180,000 720,000 Accruals Total current liabilities S 696,000 1,800,000 204,000 Total liabilities and equity $2,700.00 Total current assets $1,260,000 Fixed assets 1,440,000 Common stock Retained earnings Total assets $2,700,000 Income Statement for December 31, 2010 Sales Operating costs $3,600,000 3,279,720 320,280 18,280 S 302,000 120,800 S 181,200 S 108,000 EBIT Interest EBT Taxes (40%) Net income Dividends 39 48o -Use the...
Table 4- Balance Sheet for ALICO, in millions USD Cash and equivalents Accounts receivable Inventories Other...
Table 4- Balance Sheet for ALICO, in millions USD Cash and equivalents Accounts receivable Inventories Other current assets Total current assets Net plant and equipment Other LT assets Total assets Accounts payable Accruals and other current liab Curr. Port. of LT Debt Total current liabilities Long-term debt Other non-current liabilities Total liabilities Common stock and other equity Retained earnings Total common equity Total liabilities and equity 2018 25.260 2.544 41.033 3.403 72.240 340.403 10.779 423.422 3.764 10.139 5.275 19.178 170.196...
Balance Sheets: 2013 2012 Cash and equivalents Accounts receivable Inventories $110 275 375 $760 2,000 $2,760...
Balance Sheets: 2013 2012 Cash and equivalents Accounts receivable Inventories $110 275 375 $760 2,000 $2,760 $95 300 350 $745 1,490 $2,235 Total current assets Net plant and equipment Total assets $%150 75 160 $385 450 1,225 700 $2,760 Accounts payable Accruals Notes payable $85 50 185 $320 290 1,225 400 $2,235 Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: 2013 2012 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest...
Balance Sheets 2019 2018 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant...
Balance Sheets 2019 2018 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $70 275 375 $720 $55 300 250 $605 1,490 $2,095 $3,020 $85 $ 150 175 50 120 45 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $345|| 450 1,225 1,000 $3,020 $180 290 1,225 400 $2,095 Income Statements Sales Operating costs excluding depreciation EBITDA Depreciation and amortization...
lysis of Financial Statements - Homework Assignment The balance sheet and income statement shown below are...
lysis of Financial Statements - Homework Assignment The balance sheet and income statement shown below are for Koski Ine. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. A Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable...
Jordan Inc has the following balance sheet and income statement data: Cash $ 14,000 Accounts payable...
Jordan Inc has the following balance sheet and income statement data: Cash $ 14,000 Accounts payable $ 42,000 Receivables 70,000 Other current liab. 28,000 Inventories 280,000 Total CL $ 70,000 Total CA $364,000 Long-term debt 140,000 Net fixed assets 126,000 Common equity 280,000 Total assets $490,000 Total liab. and equity $490,000 Sales $280,000 Net income $ 21,000 The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the industry...
EXCESS CAPACITY Krogh Lumber's 2016 financial statements are shown here. Krogh Lumber: Balance Sheet as of...
EXCESS CAPACITY Krogh Lumber's 2016 financial statements are shown here. Krogh Lumber: Balance Sheet as of December 31, 2016 (Thousands of Dollars) Cash $1,800 Accounts payable $7,200 Receivables 10,800 Notes payable 3,472 Inventories 12,600 Accrued liabilities 2,520 Total current assets $25,200 Total current liabilities $13,192 Mortgage bonds 5,000 Net fixed assets 21,600 Common stock 2,000 Retained earnings 26,608 Total assets $46,800 Total liabilities and equity $46,800 Krogh Lumber: Income Statement for December 31, 2016 (Thousands of Dollars) Sales $36,000 Operating...
Balance Sheet Current assets Cash 870,000 Acc receivable not given Inventories 1,050,000 Fixed assets 3,220,000 TOTAL ASSETS 6,200,000 Current liabilities Acc payable not given Long-term debt 1,900,000 Common stock 680,000 Retained earnings 3,190,000 TOTAL LIAB and EQUITY 6, 200,000 Income Statement Sales 18,600,000 Operating expense 14,320,000 EBIT 4,280,000 Interest expense 266,000 EBT 4,014,000 Taxes 1,606,000 Net income 2,408,000 What is the firm's debt ratio? O 30.65% 0 37.58% 062.42% O93.06% 89.03%
Balance Sheet as of December 31, 2010 Cash Receivables Inventories S 180,000 Accounts payable 360,000Notes payable S 360,000 156,000 180,000 720,000 Accruals $1,260,000 Total current liabilities S 696,000 1,800,000 204,000 Total liabilities and equity $2,700.00 Total current assets Fixed assets 1,440,000 Common stock Retained earnings Total assets $2,700,000 Income Statement for December 31, 2010 Sales Operating costs $3,600,000 3,279,720 S 320,280 18,280 S 302,000 120,800 S 181,200 S 108,000 EBIT Interest EBT Taxes (40%) Net income Dividends 3 9 48o...
Balance Sheet as of December 31, 2010 Cash Receivables Inventories S 180,000 Accounts payable 360,000Notes payable S 360,000 156,000 180,000 720,000 Accruals Total current liabilities S 696,000 1,800,000 204,000 Total liabilities and equity $2,700.00 Total current assets $1,260,000 Fixed assets 1,440,000 Common stock Retained earnings Total assets $2,700,000 Income Statement for December 31, 2010 Sales Operating costs $3,600,000 3,279,720 320,280 18,280 S 302,000 120,800 S 181,200 S 108,000 EBIT Interest EBT Taxes (40%) Net income Dividends 39 48o -Use the...
Table 4- Balance Sheet for ALICO, in millions USD Cash and equivalents Accounts receivable Inventories Other current assets Total current assets Net plant and equipment Other LT assets Total assets Accounts payable Accruals and other current liab Curr. Port. of LT Debt Total current liabilities Long-term debt Other non-current liabilities Total liabilities Common stock and other equity Retained earnings Total common equity Total liabilities and equity 2018 25.260 2.544 41.033 3.403 72.240 340.403 10.779 423.422 3.764 10.139 5.275 19.178 170.196...
Balance Sheets: 2013 2012 Cash and equivalents Accounts receivable Inventories $110 275 375 $760 2,000 $2,760 $95 300 350 $745 1,490 $2,235 Total current assets Net plant and equipment Total assets $%150 75 160 $385 450 1,225 700 $2,760 Accounts payable Accruals Notes payable $85 50 185 $320 290 1,225 400 $2,235 Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: 2013 2012 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest...
Balance Sheets 2019 2018 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $70 275 375 $720 $55 300 250 $605 1,490 $2,095 $3,020 $85 $ 150 175 50 120 45 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $345|| 450 1,225 1,000 $3,020 $180 290 1,225 400 $2,095 Income Statements Sales Operating costs excluding depreciation EBITDA Depreciation and amortization...
lysis of Financial Statements - Homework Assignment The balance sheet and income statement shown below are for Koski Ine. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. A Balance Sheet (Millions of $) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable...
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