ACCOUNTING
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Annual Income Statement (values in 000's)
Get Quarterly Data
Period Ending:
Trend
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Total Revenue
$514,405,000 $500,343,000 $485,873,000 $482,130,000
Cost of Revenue
$385,301,000 $373,396,000 $361,256,000 $360,984,000
Gross Profit
$129,104,000 $126,947,000 $124,617,000 $121,146,000
Operating Expenses
Research and Development
$0
$0
$0
$0
Sales, General and Admin.
$107,147,000 $106,510,000 $101,853,000 $97,041,000
Non-Recurring Items
$0
$0
$0
$0
Other Operating Items
$0
$0
$0
$0
Operating Income
$21,957,000
$20,437,000
$22,764,000
$24,105,000
Add'l income/expense items
($8,151,000) ($2,984,000) $100,000
$81,000
Earnings Before Interest and
Tax
$13,806,000
$17,453,000
$22,864,000
$24,186,000
Interest Expense
$2,346,000
$2,330,000
$2,367,000
$2,548,000
Earnings Before Tax
$11,460,000
$15,123,000
$20,497,000
$21,638,000
Income Tax
$4,281,000
$4,600,000
$6,204,000
$6,558,000
Minority Interest
($509,000)
($661,000)
($650,000)
($386,000)
Equity Earnings/Loss
Unconsolidated Subsidiary
$0
$0
$0
$0
Net Income-Cont. Operations
$6,670,000
$9,862,000
$13,643,000
$14,694,000
Net Income
$6,670,000
$9,862,000
$13,643,000
$14,694,000
Net Income Applicable to
Common Shareholders
$6,670,000
$9,862,000
$13,643,000
$14,694,000
See also:
Company Financials
data entry page
\
Statement of Financial Position, Liabilities and Stockholders’ Equity
Difficulty: Beginner
Annual Data
Quarterly Data
The statement of financial position provides creditors, investors, and analysts with information
on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally
also provides information about the future earnings capacity of a company’s assets as well as an
indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which
is expected to result in an outflow of economic benefits from the entity.
See Also:
Amazon.com Inc. (AMZN), Liabilities and Stockholders’ Equity
Home Depot Inc. (HD), Liabilities and Stockholders’ Equity
Netflix Inc. (NFLX), Liabilities and Stockholders’ Equity
Show More
Walmart Inc., Consolidated Statement of Financial Position, Liabilities and Stockholders’
Equity
USD $ in millions
Jan 31, 2019
Jan 31, 2018
Jan 31, 2017
Jan 31, 2016
Jan 31, 2015
Jan 31, 2014
Short-term borrowings 5,225
5,257
1,099
2,708
1,592
7,670
Accounts payable 47,060 46,092 41,433 38,487 38,410 37,415
Accrued wages and benefits 6,504 6,998 6,105 5,814 4,954 4,652
Self-insurance 3,979 3,737 3,922 3,414 3,306 3,477
Accrued non-income taxes 2,979 3,073 2,816 2,544 2,592 2,554
Deferred gift card revenue 1,932 2,017 1,856 — — —
Other 6,765 6,297 5,955 7,835 8,300 8,110
Accrued liabilities 22,159
22,122
20,654
19,607
19,152
18,793
Accrued income taxes 428 645 921 521 1,021 966
Long-term debt due within one year 1,876 3,738 2,256 2,745 4,810 4,103
Capital lease and financing obligations due within one year 729 667 565 551 287 309
Current liabilities of discontinued operations — — — — — 89
Current liabilities 77,477
78,521
66,928
64,619
65,272
69,345
Long-term debt, excluding due within one year 43,520 30,045 36,015 38,214 41,086 41,771
Long-term capital lease and financing obligations,
excluding due within one year
6,683 6,780 6,003 5,816 2,606 2,788
Deferred income taxes and other 11,981 8,354 9,344 7,321 8,805 8,017
Long-term liabilities 62,184
45,179
51,362
51,351
52,497
52,576
Total liabilities
139,661
123,700
118,290
115,970
117,769
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121,921
Redeemable noncontrolling interest — — — — — 1,491
Common stock 288 295 305 317 323 323
Capital in excess of par value 2,965 2,648 2,371 1,805 2,462 2,362
Retained earnings 80,785 85,107 89,354 90,021 85,777 76,566
Accumulated other comprehensive loss
(11,542) (10,181) (14,232) (11,597) (7,168) (2,996)
Total Walmart shareholders’ equity
72,496
77,869
77,798
80,546
81,394
76,255
Nonredeemable noncontrolling interest 7,138 2,953 2,737 3,065 4,543 5,084
Total equity
79,634
80,822
80,535
83,611
85,937
81,339
Total liabilities, redeemable noncontrolling interest, and equity
219,295
204,522
198,825
199,581
203,706
204,751
Based on:
10-K (filing date: 2019-03-28)
,
10-K (filing date: 2018-03-30)
,
10-K (filing date: 2017-03-31)
,
10-K
(filing date: 2016-03-30)
,
10-K (filing date: 2015-04-01)
,
10-K (filing date: 2014-03-21)
.
Walmart Inc., Liabilities and Stockholders’ Equity, Selected ItemsCurrent liabilitiesLong-term
liabilitiesTotal liabilities1/2Jan 31, 2014Jan 31, 2015Jan 31, 2016Jan 31, 2017Jan 31, 2018Jan 31,
2019020,00040,00060,00080,000100,000120,000140,000USD $ in millions
Date
Current
liabilities
Long-term liabilities
Total liabilities
Total Walmart shareholders’
equity
Jan 31,
2014
69,345
52,576
121,921
76,255
Jan 31,
2015
65,272
52,497
117,769
81,394
Jan 31,
2016
64,619
51,351
115,970
80,546
Jan 31,
2017
66,928
51,362
118,290
77,798
Jan 31,
2018
78,521
45,179
123,700
77,869
Jan 31,
2019
77,477
62,184
139,661
72,496
Item
Description
The company
Current liabilities
Total obligations incurred as part of
normal operations that are
expected to be paid during the
following twelve months or within
one business cycle, if longer.
Walmart Inc.’s current liabilities
increased from 2017 to 2018 but
then slightly declined from 2018 to
2019.
Long-term liabilities
Amount of obligation due after one
year or beyond the normal
operating cycle, if longer.
Walmart Inc.’s long-term liabilities
declined from 2017 to 2018 but
then increased from 2018 to 2019
exceeding 2017 level.
Total liabilities
Sum of the carrying amounts as of
the balance sheet date of all
liabilities that are recognized.
Walmart Inc.’s total liabilities
increased from 2017 to 2018 and
Date
Current
liabilities
Long-term liabilities
Total liabilities
Total Walmart shareholders’
equity
Liabilities are probable future
sacrifices of economic benefits
arising from present obligations of
an entity to transfer assets or
provide services to other entities in
the future.
from 2018 to 2019.
Total Walmart shareholders’
equity
Total of all stockholders’ equity
(deficit) items, net of receivables
from officers, directors, owners, and
affiliates of the entity which are
attributable to the parent. The
amount of the economic entity’s
stockholders’ equity attributable to
the parent excludes the amount of
stockholders’ equity which is
allocable to that ownership interest
in subsidiary equity which is not
attributable to the parent
(noncontrolling interest, minority
interest). This excludes temporary
equity and is sometimes called
permanent equity.
Walmart Inc.’s total Walmart
shareholders’ equity increased from
2017 to 2018 but then declined
significantly from 2018 to 2019.
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Net sales, net income, and total assets for Alex Shipping, Inc., for a five-year period follow:
(Click the icon to view the data.)
Read the requirements.
Requirement 1. Calculate trend percentages for each item for 2018 through 2021. Use 2017 as the base year and round to the nearest percent.
Alex Shipping, Inc. - Trend Percentages
Net sales
Net income
Total assets
2021
2020
2019
2018
2017
199 %
161 %
115%
99%
100%
100 %
146 %
100%
123%
34 %
94%
100%
124 %
108 %
100%
Requirement 2. Calculate the rate of return on net sales for 2019 through 2021, rounding to the nearest one-tenth percent. Explain what this means.
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(
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Compute a trend analysis for net revenue and net income. Round to the nearest full percent.
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Here are the abbreviated financial statements for Planner's Peanuts:
INCOME STATΕΜENT,
2019
$6,000
4,700
Sales
Cost
Net income
$1,300
BALANCE SHEET, YEAR-END
2018
2019
2018
2019
$9,500
$14,300
$
8,567
933
$1,000
13,300
Assets
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Equity
Total
$9,500
$14,300
Total
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$14,300
a. If sales increase by 10% in 2020 and the company uses a strict percentage of sales planning model (meaning that all items on the
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The trend analysis report of Poplar, Inc. is given below (in millions):
2019
2018
2017
2016
2015
Net income
$700
$606
$470
$405
$402
Trend percentages
174%
151%
117%
101%
100%
Which of the following is a correct conclusion from the above analysis?
Select one:
A.
Net income for 2018 decreased by 151% from 2017.
B.
Net income for 2019 increased by 174% from 2018.
C.
Net income for 2019 is 174% of net income for 2015.
D.
Net income for 2018 is 151% of the previous year.
The financial statements for Silver Service Company include the following items:
2019
2018
Cash
$49,500
$40,000
Short-term Investments
33,000
20,500
Net Accounts Receivable
52,000
53,000
Merchandise Inventory
132,000
45,000
Total Assets
530,000
547,000
Accounts Payable
131,500
122,000
Salaries Payable
15,000
18,000
Long-term Note Payable
58,000
57,000
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Here are the abbreviated financial statements for Planner’s Peanuts:
INCOME STATEMENT, 2019
Sales
$ 8,600
Cost
7,100
Net income
$ 1,500
BALANCE SHEET, YEAR-END
2018
2019
2018
2019
Assets
$ 6,500
$ 7,000
Debt
$ 853
$ 1,000
Equity
5,647
6,000
Total
$ 6,500
$ 7,000
Total
$ 6,500
$ 7,000
Assume the payout ratio is 50%.
Calculate the internal growth rate where no external debt or equity is to be issued.
Note: Do not round intermediate calculations. Enter your answer as a whole percent.
Calculate the sustainable growth rate where the firm maintains a fixed debt ratio but issues no equity.
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Ratio Analysis
Consider the following information taken from GER's financial statements:
September 30(in thousands)
2020
2019
Current assets:
Cash and cash equivalents
$1,274
$6,450
Receivables
30,071
16,548
Inventories
31,796
14,072
Other current assets
4,818
2,620
Total current assets
$67,959
$39,690
Current liabilities:
Current portion of long-term debt
$97
$3,530
Accounts payable
23,124
11,228
Accrued compensation costs
5,606
1,929
Accrued expenses
9,108
5,054
Other current liabilities
874
777
Total current liabilities
$38,809
$22,518
Also, GER's operating cash flows were $11,255 and $13,736 in 2020 and 2019, respectively.
4. Calculate the operating cash flow ratios for 2020 and 2019.
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fill in the blank 7
2019
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Sales
Cost of goods sold
Accounts receivable
2021
$ 676,574
333,971
32,679
2020
$ 439,334
216,824
25,657
2019
$ 340,569
170,229
23,363
2018
$ 237,330
117,892
13,860
2017
$ 175,800
86,142
12,060
Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the
situation as revealed by the trend percents appears to be favorable or unfavorable.
2021:
2020:
2019:
2018:
2017:
Trend Percent for Net Sales:
Numerator:
Denominator:
=
Trend percent
=
%
Is the trend percent for Net Sales favorable or unfavorable?
2021:
2020:
2019:
2018:
2017:
Trend Percent for Cost of Goods Sold:
Numerator:
Denominator:
Trend percent
Is the trend percent for Cost of Goods Sold favorable or unfavorable?
%
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2021 2020 2019 2018 2017
Sales $ 489,967 $ 322,347 $ 256,850 $ 180,880 $ 136,000
Cost of goods sold 252,383 166,097 134,444 94,199 69,360
Accounts receivable 23,763 18,857 17,594 10,600 9,302
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2019 2018 2017 2016 2015
Net income
Trend percentages
$700 $606 $470 $405 $402
174% 151% 117% 101% 100%
Which of the following is a correct conclusion from the above analysis?
Net income for 2019 is 174% of net income for 2015.
Net income for 2018 is 151% of the previous year.
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Net income for 2018 decreased by 151% from 2017.
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Dayton, Inc.
Annual Income Statement (Values in Millions)
Common
Size
2019
2018
2019
2018
Sales
$ 178,909
$ 187,510
100.0%
100.0%
Cost of Sales
111,631
59.5%
Gross Operating Profit
$ 75,879
40.5%
Selling, General & Admin. Expense
12,900
6.9%
Other Expenses
33,377
17.8%
EBITDA
$ 29,602
15.8%
Depreciation & Amortization
7,944
4.2%
EBIT
$ 21,658
11.6%
Other Income, Net
3,323
1.8%
Earnings Before Interest and Taxes
$ 24,981
13.3%
Interest Expense
293
0.2%
Earnings Before Taxes
$ 24,688
13.2%
Income Taxes
5,184
0.21
tax rate
Net Income Available to Common
$ 19,504
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INCOME STATEMENT, 2019
Sales
$
3,500
Cost
2,700
Net income
$
800
BALANCE SHEET, YEAR-END
2018
2019
2018
2019
Assets
$
4,500
$
5,000
Debt
$
833
$
1,000
Equity
3,667
4,000
Total
$
4,500
$
5,000
Total
$
4,500
$
5,000
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a. Calculate the internal growth rate where no external debt or equity is to be issued. (Do not round intermediate calculations. Enter your answer as a whole percent.)
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Randall Corporation reported the following revenue data:Year Net revenues (in millions)$$$$6,8007,0046,7327,2762016201720182019Use 2016 as the base year. The trend percentage in 2019 is closest toa. 93%.b. 104%.c. 107%.d. 112%
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Zoobilee Inc. reported the following sales and net income amounts:
(in thousands)
2020
2019
2018
2017
9,180 $ 8,990 $ 8,770 $ 8,550
Net income
520
500
460
400
Show Zoobilee's trend percentages for sales and net income. Use 2017 as the base year.
Sales....
$
(Round your answers to the nearest percent.)
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2020
%
%
2019
%
%
2018
%
%
2017
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Forecast income statement - ALL FIGURES IN $ MILLION
Financial year ending 31 March
2023
2024
2025
Revenue
165.0
180.0
210.0
Less: Operating expenses
120.0
128.0
145.0
Operating earnings before depreciation
45.0
52.0
65.0
Less: Depreciation
30.0
32.0
25.0
Earnings before interest and tax (EBIT)
15.0
20.0
40.0
Less: Interest expense
5.0
5.0
5.0
Earnings before tax
10.0
15.0
35.0
Less: Tax expense
2.8
4.2
9.8
Net profit (earnings)
7.2
10.8
25.2
In addition, you have collected the following information:
Operating working capital (OWC) in each year will be 10% of revenue in that year
Capital expenditure (capex) will be $25 million in each year
The corporate tax rate is 28%.
What is Electrix's free cash flow to the firm (FCF) in year 2025?
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HIC GROUP OF Companies
COMPARATIVE INCOME STATEMENT
For years ended 3rd December 2019 2020
Revenue and gains
Sales revenue 495,500 496,738.75
Interest revenue 278,500 279,196.25
Investment Income 71,700 71,879.25
Other revenue 101,500 101,753.75
Total revenue and gains 947,200 949,968
Expenses and losses
Cost of good sold 450,000 447,750
Selling&administrative 185,000 184,075
Computer (operating) 42,500 42,288…
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Global Corp. initially projected the 2019 income statement shown in the table E. Suppose that in 2019, Global launched an aggressive marketing campaign that boosted 2019 sales further by 14.1%. However, their operating margin fell from
5.56% to 4.49% Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of pretax income (26%) as in 2018.
a. What was Global's EBIT in 2019?
b. What was Global's income in 2019?
c. If Global's P/E ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 2019?
a. What was Global's EBIT in 2019?
Global's EBIT was $
million. (Round to two decimal places.)
b. What was Global's income in 2019?
Net income was $
million. (Round to two decimal places.)
c. If Global's P/E ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 2019?
Global's share price in 2019 was $. (Round to the nearest cent.)
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Consolidated Statements of Income
Years Ended December ($ millions)
July 27, 2019
July 28, 2018
Revenue
Product
$39,005
$36,709
Service
12,899
12,621
Total revenue
51,904
49,330
Cost of sales
Product
14,863
14,427
Service
4,375
4,297
Total cost of sales
19,238
18,724
Gross margin
32,666
30,606
Operating expenses
Research and development
6,577
6,332
Sales and marketing
9,571
9,242
General and administrative
1,827
2,144
Amortization of purchased intangible assets
150
221
Restructuring and other charges
322
358
Total operating expenses
18,447
18,297
Operating income
14,219
12,309
Interest income
1,308
1,508
Interest expense
(859)
(943)
Other income (loss), net
(97)
165
Interest and other income (loss), net
352
730
Income before provision for income taxes
14,571
13,039
Provision for income taxes
2,950
12,929
Net income
$11,621
$110
Cisco Systems Inc.Consolidated Balance Sheets
In millions, except par value
July 27,…
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5%
6.67%
12%
6%
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Related Questions
- 不 Net sales, net income, and total assets for Alex Shipping, Inc., for a five-year period follow: (Click the icon to view the data.) Read the requirements. Requirement 1. Calculate trend percentages for each item for 2018 through 2021. Use 2017 as the base year and round to the nearest percent. Alex Shipping, Inc. - Trend Percentages Net sales Net income Total assets 2021 2020 2019 2018 2017 199 % 161 % 115% 99% 100% 100 % 146 % 100% 123% 34 % 94% 100% 124 % 108 % 100% Requirement 2. Calculate the rate of return on net sales for 2019 through 2021, rounding to the nearest one-tenth percent. Explain what this means. Begin by selecting the rate of return on net sales (return on sales) formula and enter the amounts to calculate the percentages. (Enter amounts in thousands as provided to you in the problem statement. Complete all input fields. Enter "O" for any zero amounts and enter the return on sales amounts as percentages rounded to one-tenth percent, XX%.) ) 2019 2020 2021 ( ( Net…arrow_forwardComputing trend analysis Grand Oaks Realty’s net revenue and net income for the following five—year period, using 2015 as the base year, follow: Requirements Compute a trend analysis for net revenue and net income. Round to the nearest full percent. Which grew faster during the period, net revenue or net income?arrow_forwardHere are the abbreviated financial statements for Planner's Peanuts: INCOME STATΕΜENT, 2019 $6,000 4,700 Sales Cost Net income $1,300 BALANCE SHEET, YEAR-END 2018 2019 2018 2019 $9,500 $14,300 $ 8,567 933 $1,000 13,300 Assets Debt Equity Total $9,500 $14,300 Total $9,500 $14,300 a. If sales increase by 10% in 2020 and the company uses a strict percentage of sales planning model (meaning that all items on the income and balance sheet also increase by 10%), what must be the balancing item? b. What will be the value of this balancing item? Balancing item а. b. Valuearrow_forward
- The trend analysis report of Poplar, Inc. is given below (in millions): 2019 2018 2017 2016 2015 Net income $700 $606 $470 $405 $402 Trend percentages 174% 151% 117% 101% 100% Which of the following is a correct conclusion from the above analysis? Select one: A. Net income for 2018 decreased by 151% from 2017. B. Net income for 2019 increased by 174% from 2018. C. Net income for 2019 is 174% of net income for 2015. D. Net income for 2018 is 151% of the previous year. The financial statements for Silver Service Company include the following items: 2019 2018 Cash $49,500 $40,000 Short-term Investments 33,000 20,500 Net Accounts Receivable 52,000 53,000 Merchandise Inventory 132,000 45,000 Total Assets 530,000 547,000 Accounts Payable 131,500 122,000 Salaries Payable 15,000 18,000 Long-term Note Payable 58,000 57,000 Compute the acid-test ratio for 2018.…arrow_forwardHere are the abbreviated financial statements for Planner’s Peanuts: INCOME STATEMENT, 2019 Sales $ 8,600 Cost 7,100 Net income $ 1,500 BALANCE SHEET, YEAR-END 2018 2019 2018 2019 Assets $ 6,500 $ 7,000 Debt $ 853 $ 1,000 Equity 5,647 6,000 Total $ 6,500 $ 7,000 Total $ 6,500 $ 7,000 Assume the payout ratio is 50%. Calculate the internal growth rate where no external debt or equity is to be issued. Note: Do not round intermediate calculations. Enter your answer as a whole percent. Calculate the sustainable growth rate where the firm maintains a fixed debt ratio but issues no equity. Note: Do not round intermediate calculations. Enter your answer as a whole percent.arrow_forwardRatio Analysis Consider the following information taken from GER's financial statements: September 30(in thousands) 2020 2019 Current assets: Cash and cash equivalents $1,274 $6,450 Receivables 30,071 16,548 Inventories 31,796 14,072 Other current assets 4,818 2,620 Total current assets $67,959 $39,690 Current liabilities: Current portion of long-term debt $97 $3,530 Accounts payable 23,124 11,228 Accrued compensation costs 5,606 1,929 Accrued expenses 9,108 5,054 Other current liabilities 874 777 Total current liabilities $38,809 $22,518 Also, GER's operating cash flows were $11,255 and $13,736 in 2020 and 2019, respectively. 4. Calculate the operating cash flow ratios for 2020 and 2019. Operating Cash Flow Ratio 2020 fill in the blank 7 2019 fill in the blank 8arrow_forward
- Sales Cost of goods sold Accounts receivable 2021 $ 676,574 333,971 32,679 2020 $ 439,334 216,824 25,657 2019 $ 340,569 170,229 23,363 2018 $ 237,330 117,892 13,860 2017 $ 175,800 86,142 12,060 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable. 2021: 2020: 2019: 2018: 2017: Trend Percent for Net Sales: Numerator: Denominator: = Trend percent = % Is the trend percent for Net Sales favorable or unfavorable? 2021: 2020: 2019: 2018: 2017: Trend Percent for Cost of Goods Sold: Numerator: Denominator: Trend percent Is the trend percent for Cost of Goods Sold favorable or unfavorable? %arrow_forward2021 2020 2019 2018 2017 Sales $ 489,967 $ 322,347 $ 256,850 $ 180,880 $ 136,000 Cost of goods sold 252,383 166,097 134,444 94,199 69,360 Accounts receivable 23,763 18,857 17,594 10,600 9,302 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.arrow_forwardThe trend analysis report of Poplar, Inc. is given below (in millions): 2019 2018 2017 2016 2015 Net income Trend percentages $700 $606 $470 $405 $402 174% 151% 117% 101% 100% Which of the following is a correct conclusion from the above analysis? Net income for 2019 is 174% of net income for 2015. Net income for 2018 is 151% of the previous year. Net income for 2019 increased by 174% from 2018. Net income for 2018 decreased by 151% from 2017.arrow_forward
- Fill in thr blanks on the table below and show the formulas used for each value Dayton, Inc. Annual Income Statement (Values in Millions) Common Size 2019 2018 2019 2018 Sales $ 178,909 $ 187,510 100.0% 100.0% Cost of Sales 111,631 59.5% Gross Operating Profit $ 75,879 40.5% Selling, General & Admin. Expense 12,900 6.9% Other Expenses 33,377 17.8% EBITDA $ 29,602 15.8% Depreciation & Amortization 7,944 4.2% EBIT $ 21,658 11.6% Other Income, Net 3,323 1.8% Earnings Before Interest and Taxes $ 24,981 13.3% Interest Expense 293 0.2% Earnings Before Taxes $ 24,688 13.2% Income Taxes 5,184 0.21 tax rate Net Income Available to Common $ 19,504 10.4% Dividends per share $ 1.15 $ 0.91 EPS…arrow_forwardComputing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 446,122 $ 293,501 $ 242,563 $ 173,880 $ 128,800 Cost of goods sold 221,100 145,365 122,206 87,101 63,112 Accounts receivable 21,592 17,140 16,664 10,137 8,784 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.arrow_forwardHere are the abbreviated financial statements for Planner’s Peanuts: INCOME STATEMENT, 2019 Sales $ 3,500 Cost 2,700 Net income $ 800 BALANCE SHEET, YEAR-END 2018 2019 2018 2019 Assets $ 4,500 $ 5,000 Debt $ 833 $ 1,000 Equity 3,667 4,000 Total $ 4,500 $ 5,000 Total $ 4,500 $ 5,000 Assume the payout ratio is 50%. a. Calculate the internal growth rate where no external debt or equity is to be issued. (Do not round intermediate calculations. Enter your answer as a whole percent.) b. Calculate the sustainable growth rate where the firm maintains a fixed debt ratio but issues no equity. (Do not round intermediate calculations. Enter your answer as a whole percent.)arrow_forward
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