Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below.
| Balance Sheets: | |||
| 2018 | 2017 | ||
| Cash and equivalents | $90 | $75 | |
| Accounts receivable | 275 | 300 | |
| Inventories | 375 | 350 | |
| Total current assets | $740 | $725 | |
| Net plant and equipment | 2,000 | 1,490 | |
| Total assets | $2,740 | $2,215 | |
| Accounts payable | $150 | $85 | |
| Accruals | 75 | 50 | |
| Notes payable | 140 | 165 | |
| Total current liabilities | $365 | $300 | |
| Long-term debt | 450 | 290 | |
| Common stock | 1,225 | 1,225 | |
| Retained earnings | 700 | 400 | |
| Total liabilities and equity | $2,740 | $2,215 | |
| Income Statements: | |||
| 2018 | 2017 | ||
| Sales | $2,000 | $1,500 | |
| Operating costs excluding depreciation | 1,250 | 1,000 | |
| EBITDA | $750 | $500 | |
| Depreciation and amortization | 100 | 75 | |
| EBIT | $650 | $425 | |
| Interest | 62 | 45 | |
| EBT | $588 | $380 | |
| Taxes (40%) | 235 | 152 | |
| Net income | $353 | $228 | |
| Dividends paid | $53 | $48 | |
| Addition to retained earnings | $300 | $180 | |
| Shares outstanding | 100 | 100 | |
| Price | $25.00 | $22.50 | |
| WACC | 10.00% | ||
What is the firm’s 2018 current ratio? Round your answer to two
decimal places.
_______
What is the firm’s 2018 net profit margin? Round your answer to
four decimal places.
_______ %
What is the firm’s 2018 price/earnings ratio? Round your answer
to two decimal places.
_______
Using the DuPont equation, what is the firm’s 2018 ROE? Round
your answer to two decimal places.
_______ %
Homework Answers
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Quantitative Problem: Rosnan Industries' 2018
and 2017 balance sheets and income statements are shown below.
Balance...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets: 2019 $ 90 275 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 375 $ 740 2,000 $2,740 2018 $ 75 300 350 $ 725 1,490 $2,215 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: $ 150 75 140 $ 365 450 1,225 700 $2,740...
$105 Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below....
$105 Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. Balance Sheets: 2018 2017 Cash and equivalents $120 Accounts receivable 275 300 Inventories 375 350 Total current assets $770 $755 Net plant and equipment 2,000 1,490 Total assets $2,770 $2,245 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $150 75 170 $395 450 1,225 700 $2,770 $85 50 195 $330 290 1,225 400 $2,245...
Quantitative Problem: Rosnan Industries' 2017 and 2016 balance sheets and income statements are shown below. All o...
Quantitative Problem: Rosnan Industries' 2017 and 2016 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset. Balance Sheets: 2017 2016 Cash and equivalents $100 $85 Accounts receivable 275 200 Inventories 375 250 Total current assets $750 $635 Net plant and equipment 2,000 1,490 Total assets $2,750 $2,125 $150 $85 Accounts payable 75 50 Accruals 75 150 Notes payable $210 $375 Total current liabilities 450 290 Long-term debt 1,225 1,225...
Quantitative Problem: Rosnan Industries' 2017 and 2016 balance sheets and income statements are shown below. All o...
Quantitative Problem: Rosnan Industries' 2017 and 2016 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset. Balance Sheets: 2016 2017 $100 $85 Cash and equivalents 200 Accounts receivable 275 375 250 Inventories $750 $635 Total current assets 2,000 1,490 Net plant and equipment $2,750 $2,125 Total assets $85 $150 Accounts payable 50 75 Accruals 75 150 Notes payable $210 $375 Total current liabilities 290 450 Long-term debt 1,225 1,225...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets 2019 2018 Assets Cash and equivalents $70 $55 Accounts receivable 275 300 Inventories 375 250 Total current assets $720 $605 Net plant and equipment 2,300 1,490 Total assets $3,020 $2,095 Liabilities and Equity Accounts payable $150 $85 Accruals 75 50 Notes payable 120 45 Total current liabilities $345 $180 Long-term debt 450 290 Common stock 1,225 1,225 Retained earnings 1,000 400 Total liabilities...
Rosnan Industries' 2017 and 2016 balance sheets and income statements are shown below. All of the...
Rosnan Industries' 2017 and 2016 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset. Balance Sheets: 2017 2016 Cash and equivalents $100 $85 Accounts receivable 275 200 Inventories 375 250 Total current assets $750 $635 Net plant and equipment 2,000 1,490 Total assets $2,750 $2,125 Accounts payable $150 $85 Accruals 75 50 Notes payable 150 75 Total current liabilities $375 $210 Long-term debt 450 290 Common stock 1,225 1,225 ...
Quantitative Problem: Rosnan Industries' 2013 and 2012 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2013 and 2012 balance sheets and income statements are shown below. Balance Sheets: 2013 2012 Cash and equivalents $100 $85 Accounts receivable 275 200 Inventories 375 250 Total current assets $750 $635 Net plant and equipment 2,000 1,490 Total assets $2,750 $2,125 Accounts payable $150 $85 Accruals 75 50 Notes payable 150 75 Total current liabilities $375 $210 Long-term debt 450 290 Common stock 1,225 1,225 Retained earnings 700 400 Total liabilities and equity $2,750 $2,125 ...
Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance Sheets: 2020 2019 Cash and equivalents $90 $75 Accounts receivable 275 300 Inventories 375 250 Total current assets $740 $625 Net plant and equipment 2,300 1,490 Total assets $3,040 $2,115 Accounts payable $150 $85 Accruals 75 50 Notes payable 140 65 Total current liabilities $365 $200 Long-term debt 450 290 Common stock 1,225 1,225 Retained earnings 1,000 400 Total common equity $2,225 $1,625 Total...
Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance Sheets: 2020 2019 $100 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $85 300 250 275 375 $750 2,300 $3,050 $635 1,490 $2,125 $150 $85 75 50 75 $210 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 150...
Balance Sheets 10 . . 2018 2019 $100 275 375 $750 2,300 $3,050 $85 300 250...
Balance Sheets 10 . . 2018 2019 $100 275 375 $750 2,300 $3,050 $85 300 250 $635 1,490 $2,125 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Common equity Total liabilities and equity $150 50 75 150 $375 450 825 1,225 1,000 2,225 $3,050 $210 290 500 1,225 400 1,625 $2,125 Income Statements...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets: 2019 $ 90 275 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 375 $ 740 2,000 $2,740 2018 $ 75 300 350 $ 725 1,490 $2,215 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: $ 150 75 140 $ 365 450 1,225 700 $2,740...
$105 Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. Balance Sheets: 2018 2017 Cash and equivalents $120 Accounts receivable 275 300 Inventories 375 350 Total current assets $770 $755 Net plant and equipment 2,000 1,490 Total assets $2,770 $2,245 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $150 75 170 $395 450 1,225 700 $2,770 $85 50 195 $330 290 1,225 400 $2,245...
Quantitative Problem: Rosnan Industries' 2017 and 2016 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset. Balance Sheets: 2017 2016 Cash and equivalents $100 $85 Accounts receivable 275 200 Inventories 375 250 Total current assets $750 $635 Net plant and equipment 2,000 1,490 Total assets $2,750 $2,125 $150 $85 Accounts payable 75 50 Accruals 75 150 Notes payable $210 $375 Total current liabilities 450 290 Long-term debt 1,225 1,225...
Quantitative Problem: Rosnan Industries' 2017 and 2016 balance sheets and income statements are shown below. All of the balance of Cash and Equivalents is an operating asset. Balance Sheets: 2016 2017 $100 $85 Cash and equivalents 200 Accounts receivable 275 375 250 Inventories $750 $635 Total current assets 2,000 1,490 Net plant and equipment $2,750 $2,125 Total assets $85 $150 Accounts payable 50 75 Accruals 75 150 Notes payable $210 $375 Total current liabilities 290 450 Long-term debt 1,225 1,225...
Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance Sheets: 2020 2019 $100 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $85 300 250 275 375 $750 2,300 $3,050 $635 1,490 $2,125 $150 $85 75 50 75 $210 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 150...
Balance Sheets 10 . . 2018 2019 $100 275 375 $750 2,300 $3,050 $85 300 250 $635 1,490 $2,125 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Common equity Total liabilities and equity $150 50 75 150 $375 450 825 1,225 1,000 2,225 $3,050 $210 290 500 1,225 400 1,625 $2,125 Income Statements...
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