Calculating the WACC-4916c2
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Calculating the WACC
Skye Computer Company: Balance Sheet as of December 31
(in thousands of dollars)
2021
Current assets
$1,600
Net fixed assets
2,400
Total assets
$4,000
Accounts payable and accruals
$800
Short-term debt
100
Long-term debt
800
Preferred stock
400
Common stock
925
Retained earnings
975
Total common equity
$1,900
Total liabilities and equity
$4,000
Last year's earnings per share
$3.50
$50.00
$2.40
Growth rate of common dividend, g
8%
Flotation cost for common stock, F
8%
Common stock outstanding
40,000
$30.00
$3.60
Preferred stock outstanding
15,000
10%
4%
5%
Beta
1.552
Tax rate
25%
Total debt
$900 thousand
a.
Calculating the cost of each capital component (using the DCF method to find
the cost of common equity)
After-tax cost of debt
7.50%
Cost of preferred stock
12.00%
Cost of retained earnings
13.18%
Cost of new common stock
13.63%
b.
Calculating the cost of common equity from retained earnings, using the CAPM m
Cost of retained earnings
11.21%
c.
Calculating the cost of new common stock based on the CAPM
Flotation cost adjustment
0.45%
Cost of new common stock
11.66%
d.
Calculating the firm's WACC assuming that (1) it uses only retained earnings for e
(2) if it expands so rapidly that it must issue new common stock
Weight
Total debt
$900
26.87%
Preferred stock
$450
13.43%
Сommon equity
$2,000
59.70%
Total
$3,350
100.00%
10.91%
11.18%
Current price of common stock, P
0
Last year's dividend on common stock, D
0
Current price of preferred stock, P
p
Dividend on preferred stock, D
p
Before-tax cost of debt, r
d
Market risk premium, r
M
- r
RF
Risk-free rate, r
RF
Market value
(in thousands)
WACC
1
WACC
2
A
B
C
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CaLCULatING the WaCC Here is the condensed 2021 balance sheet for Skye Computer Company (in thousands of dollars): 2021 Current assets Net fixed assets Total assets Accounts payable and accruals Short-term debt Long-term debt Preferred stock (10,000 shares) Common stock (50,000 shares) Retained earnings Total common equity Total liabilities and equity $2,000 3,000 $5,000 $ 900 100 1,100 250 1,300 1,350 $2,650 $5,000 Skye’s earnings per share last year were $3.20. The common stock sells for $55.00, last year’s dividend (D0 ) was $2.10, and a flotation cost of 10% would be required to sell new common stock. Security analysts are projecting that the common dividend will grow at an annual rate of 9%. Skye’s preferred stock pays a dividend of $3.30 per share, and its preferred stock sells for $30.00 per share. The firm’s before-tax cost of debt is 10%, and its marginal tax rate is 25%. The firm’s currently outstanding 10% annual coupon rate, long-term debt sells at par value. The market…
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Lydex Company
Comparative Balance Sheet
This Year
Last Year
Assets
Current assets:
Cash
Marketable securities
Accounts receivable, net
Inventory
Prepaid expenses
Total current assets
Plant and equipment, net
Total assets
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities
Note payable, 10%
Total liabilities
Stockholders' equity:
Common stock, $ 78 par value
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
$ 960,000
0
2,700,000
3,900,000
240,000
7,800,000
9,300,000
$ 17,100,000
$ 3,900,000
3,600,000
7,500,000
7,800,000
1,800,000
9,600,000
$ 17,100,000
$ 1,260,000
300,000
1,800,000
2,400,000
180,000
5,940,000
8,940,000
$ 14,880,000
$ 2,760,000
3,000,000
5,760,000
7,800,000
1,320,000
9,120,000
$ 14,880,000
Sales (all on account)
Lydex Company
Comparative Income Statement and Reconciliation
This Year
$ 15,750,000
12,600,000
3,150,000
1,590,000
Last Year
$ 12,480,000
9,900,000
2,580,000
Cost of goods sold
Gross margin
Selling and…
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On January 1, 2024, the general ledger of Freedom Fireworks includes the following account balances:
Accounts
Cash
Credit
Debit
$11,200
Accounts Receivable
34,000
Allowance for Uncollectible Accounts
$1,800
Inventory
152,000
Land
67,300
Buildings
120,000
Accumulated Depreciation
Accounts Payable
9,600
17,700
Common Stock
200,000
Retained Earnings
Totals
$ 384,500
155,400
$384,500
During January 2024, the following transactions occur:
January 1 Borrow $100,000 from Captive Credit Corporation. The installment note bears interest at 7% annually and matures in 5 years. Payments of $1,980 are required at the end of each month for 60 months.
January 4 Receive $31,000 from customers on accounts receivable.
January 10 Pay cash on accounts payable, $11,000.
January 15 Pay cash for salaries, $28,900.
January 30 Firework sales for the month total $195,000. The cost of the units sold is $112,500.
January 31 Pay the first monthly installment of $1,980 related to the $100,000 borrowed on January 1.…
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Lydex Company
Comparative Balance Sheet
Assets
Current assets:
Cash
Marketable securities
Accounts receivable, net
Inventory
Prepaid expenses
Total current assets
Plant and equipment, net
Total assets
Liabilities and Stockholders' Equity
Liabilities:
Current liabilities
Note payable, 10%
Total liabilities
Stockholders' equity:
$ 1,260,000
This Year
Last Year
$960,000
0
2,700,000
3,900,000
240,000
7,800,000
9,300,000
$ 17,100,000
300,000
1,800,000
2,400,000
180,000
5,940,000
8,940,000
$ 14,880,000
$ 3,900,000
3,600,000
7,500,000
7,800,000
1,800,000
9,600,000
$ 2,760,000
3,000,000
5,760,000
7,800,000
1,320,000
9,120,000
Common stock, $ 78 par value
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
Lydex Company
$ 17,100,000
$ 14,880,000
Comparative Income Statement and Reconciliation
Sales (all on account)
Cost of goods sold
Gross margin
Selling and administrative expenses
Net operating income
Interest expense
Net income before taxes
Income taxes…
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Liberty Corporation reported the following financial statements:
The company has 2,500 shares of common stock outstanding and the market price is $20 per share. What is Liberty’s price/earnings ratio?
a. 0.08
b. $0.08
c. 12.35
12.35 times
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Select information from BUI
Balance Sheets as of December 31
Current Assets
Net Plant and Equipment
Total Assets
Accounts Payable
Notes Payable
Accruals
Long-Term Bonds
Total Common Equity
Total Liabilities & Equity
Income Statement
Earnings before interest and taxes
Depreciation and Amortization
Interest
Taxes 40%
Net Income
Other Information
WACC
Number of shares outstanding
Price per share
What was 2014 EVA?
$0
$197,600
$140,000
$57,600
2013
1,200,000
900,000
2,800,000 2,700,000
4,000,000 3,600,000
2014
200,000 216,000
280,000 108,000
120,000 252,000
1,040,000 864,000
2,360,000 2,160,000
4,000,000 3,600,000
2014
1,200,000.0
140,000.0
104,000.0
438,400.0
657,600.0
2014
18.00%
80,000
$22.13
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ABCD Corp Balance Sheet and Income Statement for the period as at December 31, 2014
Balance Sheet
Assets RM
Cash 72,000
Accounts receivable 439,000
Inventories 894,000
Total current assets1,405,000
Fixed Assets 431,000
Total Assets1,836,000
Liabilities
Accounts and Notes payable 432,000
Accruals 170,000
Total Current Liabilities 602,000
Long term debt 404,290
Common stock 575,000
Retained Earnings 254,710
Total Liabilities & Equity1,836,000
Income Statement
Sales 4,290,000
Cost of goods sold 3,580,000
Selling, general, and administrative expenses 370,320
Depreciation 159,000
Earnings before taxes (EBT) 180,680
Taxes (40%) 72,272
Net Income 108,408
Per Share Data
EPS RM4.71
Cash dividends per share RM0.95
P/E ratio 5 x
Market Price (average) RM23.57
Number of Shares Outstanding 23,000
INDUSTRY FINANCIAL RATIO
1. Quick ratio 1.0x
2. Current ratio 2.7x
3. Inventory turnover 7.0x
4. Days sales outstanding 32 days
5. Fixed asset turnover 13.0x
6.…
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Arlington Corporation's financial statements (dollars and shares are in millions) are provided here.
Balance Sheets as of December 31
2018
2017
Assets
Cash and equivalents
$ 15,000
$ 12,000
Accounts receivable
35,000
30,000
Inventories
33,720
27,000
Total current assets
$ 83,720
$ 69,000
Net plant and equipment
50,000
48,000
Total assets
$133,720
$117,000
Liabilities and Equity
Accounts payable
$ 10,000
$ 8,000
Accruals
7,000
5,000
Notes payable
6,900
5,300
Total current liabilities
$ 23,900
$ 18,300
Long-term bonds
15,000
15,000
Total liabilities
$ 38,900
$ 33,300
Common stock (4,000 shares)
60,000
60,000
Retained earnings
34,820
23,700
Common equity
$ 94,820
$ 83,700
Total liabilities and equity
$133,720
$117,000
Income Statement for Year Ending December 31, 2018
Sales
$239,000
Operating costs excluding depreciation and amortization
190,000
EBITDA
$ 49,000
Depreciation…
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Arlington Corporation's financial statements (dollars and shares are in millions) are provided here.
Balance Sheets as of December 31
2018
2017
Assets
Cash and equivalents
$ 15,000
$ 12,000
Accounts receivable
35,000
30,000
Inventories
33,720
27,000
Total current assets
$ 83,720
$ 69,000
Net plant and equipment
50,000
48,000
Total assets
$133,720
$117,000
Liabilities and Equity
Accounts payable
$ 10,000
$ 8,000
Accruals
7,000
5,000
Notes payable
6,900
5,300
Total current liabilities
$ 23,900
$ 18,300
Long-term bonds
15,000
15,000
Total liabilities
$ 38,900
$ 33,300
Common stock (4,000 shares)
60,000
60,000
Retained earnings
34,820
23,700
Common equity
$ 94,820
$ 83,700
Total liabilities and equity
$133,720
$117,000
Income Statement for Year Ending December 31, 2018
Sales
$239,000
Operating costs excluding depreciation and amortization
190,000
EBITDA
$ 49,000
Depreciation…
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Balance Sheet Jack and Jill Corporation's year-end 2009 balance sheet lists current assets of $257,000, fixed assets of $807,000, current liabilities of $188,000, and long-term debt of $293,000. What is
Jack and Jill's total stockholders' equity?
Multple Cholce
$583.000
$1,064,000
$481,000
There Is not enough Information to calculate total stockholder's equity.
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Selected financial data for Wilmington Corporation is presented below.
WILMINGTON CORPORATION
Balance Sheet
As of December 31
Year 7
Year 6
Current Assets
Cash and cash equivalents
$ 634,527
$ 335,597
Marketable securities
166,106
187,064
Accounts receivable (net)
284,226
318,010
Inventories
466,942
430,249
Prepaid expenses
60,906
28,060
Other current assets
83,053
85,029
Total Current Assets
1,695,760
1,384,009
Property, plant and equipment
1,384,217
625,421
Long-term investment
568,003
425,000
Total Assets
$3,647,980
$2,434,430
Current Liabilities
Short-term borrowings
$ 306,376
$ 170,419
Current portion of long-term debt
155,000
168,000
Accounts payable
279,522
314,883
Accrued liabilities
301,024
183,681
Income taxes payable
107,509
196,802
Total Current Liabilities
1,149,431…
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Selected financial data for Wilmington Corporation is presented below.
WILMINGTON CORPORATION
Balance Sheet
As of December 31
Year 7
Year 6
Current Assets
Cash and cash equivalents
$ 634,527
$ 335,597
Marketable securities
166,106
187,064
Accounts receivable (net)
284,226
318,010
Inventories
466,942
430,249
Prepaid expenses
60,906
28,060
Other current assets
83,053
85,029
Total Current Assets
1,695,760
1,384,009
Property, plant and equipment
1,384,217
625,421
Long-term investment
568,003
425,000
Total Assets
$3,647,980
$2,434,430
Current Liabilities
Short-term borrowings
$ 306,376
$ 170,419
Current portion of long-term debt
155,000
168,000
Accounts payable
279,522
314,883
Accrued liabilities
301,024
183,681
Income taxes payable
107,509
196,802
Total Current Liabilities
1,149,431…
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Selected financial data for Wilmington Corporation is presented below.
WILMINGTON CORPORATION
Balance Sheet
As of December 31
Year 7
Year 6
Current Assets
Cash and cash equivalents
$ 634,527
$ 335,597
Marketable securities
166,106
187,064
Accounts receivable (net)
284,226
318,010
Inventories
466,942
430,249
Prepaid expenses
60,906
28,060
Other current assets
83,053
85,029
Total Current Assets
1,695,760
1,384,009
Property, plant and equipment
1,384,217
625,421
Long-term investment
568,003
425,000
Total Assets
$3,647,980
$2,434,430
Current Liabilities
Short-term borrowings
$ 306,376
$ 170,419
Current portion of long-term debt
155,000
168,000
Accounts payable
279,522
314,883
Accrued liabilities
301,024
183,681
Income taxes payable
107,509
196,802
Total Current Liabilities
1,149,431…
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Balance Sheet Jack and Jill Corporation's year-end 2018 balance sheet lists current assets of $246,000, fixed assets of $796,000, current liabilities of $193,000, and long-term debt of $296,000. What is Jack and Jill's total stockholders' equity?
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Arlington Corporation's financial statements (dollars and shares are in millions) are provided here.
Balance Sheets as of December 31
2021
2020
Assets
Cash and equivalents
$ 15,000
$ 14,000
Accounts receivable
30,000
20,000
Inventories
28,355
16,000
Total current assets
$ 73,355
$ 50,000
Net plant and equipment
47,000
45,000
Total assets
$120,355
$95,000
Liabilities and Equity
Accounts payable
$ 10,900
$ 8,500
Accruals
7,100
7,000
Notes payable
6,200
5,500
Total current liabilities
$ 24,200
$ 21,000
Long-term bonds
20,000
20,000
Total liabilities
$ 44,200
$ 41,000
Common stock (4,000 shares)
50,000
50,000
Retained earnings
26,155
4,000
Common equity
$ 76,155
$ 54,000
Total liabilities and equity
$120,355
$95,000
Income Statement for Year Ending December 31, 2021
Sales
$242,000
Operating costs excluding depreciation and amortization
190,000
EBITDA
$ 52,000
Depreciation…
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Brian Company provided the following selected account balances on December 31. 2021:
Cash
P60,000
Trading investments, including P300,000 of Brian Company's shares
400,000
Trade accounts receivable
340,000
Inventories
148,000
Share capital
2,224,000
Retained earnings
(224,000)
What is the total amount of equity on December 31, 2021?
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Here is the condensed 2021 balance sheet for Skye Computer Company (in thousands of dollars):
2021
Current assets
$
1,600
Net fixed assets
2,400
Total assets
$
4,000
Accounts payable and accruals
$
600
Short-term debt
200
Long-term debt
1,275
Preferred stock (15,000 shares)
325
Common stock (40,000 shares)
775
Retained earnings
825
Total common equity
$
1,600
Total liabilities and equity
$
4,000
Skye's earnings per share last year were $2.90. The common stock sells for $45.00, last year's dividend (D0) was $1.90, and a flotation cost of 8% would be required to sell new common stock. Security analysts are projecting that the common dividend will grow at an annual rate of 9%. Skye's preferred stock pays a dividend of $3.00 per share, and its preferred stock sells for $25.00 per share. The firm's before-tax cost of debt is 8%, and its marginal tax rate is 25%. The firm's currently outstanding…
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...///// Acme Company Balance Sheet As of January 5, 2023 (amounts in thousands) Cash 8,400 Accounts Payable 2,800 Accounts Receivable 4,700 Debt 3,400 Inventory 4,200 Other Liabilities 900 Property Plant & Equipment 17,200 Total Liabilities 7,100 Other Assets 2,800 Paid-In Capital 6,700 Retained Earnings 23,500 Total Equity 30,200 Total Assets 37,300 Total Liabilities & Equity 37,300
Update the balance sheet above to reflect the transactions below, which occur on January 6, 2023 1. Sell product for $25,000 with historical cost of $20,000 2. Sell product for $30,000 with historical cost of $24,000 3. Sell product for $20,000 with historical cost of $16,000 What is the final amount in Retained Earnings?
help plz thank u sm
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ASAP pls
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Heer
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The following data are provided for Cet Company:
December 31
2021
2020
Cash
$ 1,500,000
$ 1,000,000
Accounts receivable (net)
1,600,000
1,200,000
Inventories
2,600,000
2,200,000
Plant assets (net)
7,000,000
6,500,000
Accounts payable
Income taxes payable
Bonds payable
10% Preferred stock, $50 par
1,100,000
800,000
200,000
100,000
1,400,000
1,400,000
2,000,000
2,000,000
Common stock, $10 par
Paid-in capital in excess of par
Retained earnings
2,400,000
1,800,000
1,600,000
1,300,000
4,000,000
3,500,000
What is Cet's current ratio for 2021?
O a. 4.65:1
O b.5.18:1
O c. 4.89:1
O d.4.38:1
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Please show calculation
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- CaLCULatING the WaCC Here is the condensed 2021 balance sheet for Skye Computer Company (in thousands of dollars): 2021 Current assets Net fixed assets Total assets Accounts payable and accruals Short-term debt Long-term debt Preferred stock (10,000 shares) Common stock (50,000 shares) Retained earnings Total common equity Total liabilities and equity $2,000 3,000 $5,000 $ 900 100 1,100 250 1,300 1,350 $2,650 $5,000 Skye’s earnings per share last year were $3.20. The common stock sells for $55.00, last year’s dividend (D0 ) was $2.10, and a flotation cost of 10% would be required to sell new common stock. Security analysts are projecting that the common dividend will grow at an annual rate of 9%. Skye’s preferred stock pays a dividend of $3.30 per share, and its preferred stock sells for $30.00 per share. The firm’s before-tax cost of debt is 10%, and its marginal tax rate is 25%. The firm’s currently outstanding 10% annual coupon rate, long-term debt sells at par value. The market…arrow_forwardLydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 10% Total liabilities Stockholders' equity: Common stock, $ 78 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 960,000 0 2,700,000 3,900,000 240,000 7,800,000 9,300,000 $ 17,100,000 $ 3,900,000 3,600,000 7,500,000 7,800,000 1,800,000 9,600,000 $ 17,100,000 $ 1,260,000 300,000 1,800,000 2,400,000 180,000 5,940,000 8,940,000 $ 14,880,000 $ 2,760,000 3,000,000 5,760,000 7,800,000 1,320,000 9,120,000 $ 14,880,000 Sales (all on account) Lydex Company Comparative Income Statement and Reconciliation This Year $ 15,750,000 12,600,000 3,150,000 1,590,000 Last Year $ 12,480,000 9,900,000 2,580,000 Cost of goods sold Gross margin Selling and…arrow_forwardOn January 1, 2024, the general ledger of Freedom Fireworks includes the following account balances: Accounts Cash Credit Debit $11,200 Accounts Receivable 34,000 Allowance for Uncollectible Accounts $1,800 Inventory 152,000 Land 67,300 Buildings 120,000 Accumulated Depreciation Accounts Payable 9,600 17,700 Common Stock 200,000 Retained Earnings Totals $ 384,500 155,400 $384,500 During January 2024, the following transactions occur: January 1 Borrow $100,000 from Captive Credit Corporation. The installment note bears interest at 7% annually and matures in 5 years. Payments of $1,980 are required at the end of each month for 60 months. January 4 Receive $31,000 from customers on accounts receivable. January 10 Pay cash on accounts payable, $11,000. January 15 Pay cash for salaries, $28,900. January 30 Firework sales for the month total $195,000. The cost of the units sold is $112,500. January 31 Pay the first monthly installment of $1,980 related to the $100,000 borrowed on January 1.…arrow_forward
- Lydex Company Comparative Balance Sheet Assets Current assets: Cash Marketable securities Accounts receivable, net Inventory Prepaid expenses Total current assets Plant and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Note payable, 10% Total liabilities Stockholders' equity: $ 1,260,000 This Year Last Year $960,000 0 2,700,000 3,900,000 240,000 7,800,000 9,300,000 $ 17,100,000 300,000 1,800,000 2,400,000 180,000 5,940,000 8,940,000 $ 14,880,000 $ 3,900,000 3,600,000 7,500,000 7,800,000 1,800,000 9,600,000 $ 2,760,000 3,000,000 5,760,000 7,800,000 1,320,000 9,120,000 Common stock, $ 78 par value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Lydex Company $ 17,100,000 $ 14,880,000 Comparative Income Statement and Reconciliation Sales (all on account) Cost of goods sold Gross margin Selling and administrative expenses Net operating income Interest expense Net income before taxes Income taxes…arrow_forwardLiberty Corporation reported the following financial statements: The company has 2,500 shares of common stock outstanding and the market price is $20 per share. What is Liberty’s price/earnings ratio? a. 0.08 b. $0.08 c. 12.35 12.35 timesarrow_forwardSelect information from BUI Balance Sheets as of December 31 Current Assets Net Plant and Equipment Total Assets Accounts Payable Notes Payable Accruals Long-Term Bonds Total Common Equity Total Liabilities & Equity Income Statement Earnings before interest and taxes Depreciation and Amortization Interest Taxes 40% Net Income Other Information WACC Number of shares outstanding Price per share What was 2014 EVA? $0 $197,600 $140,000 $57,600 2013 1,200,000 900,000 2,800,000 2,700,000 4,000,000 3,600,000 2014 200,000 216,000 280,000 108,000 120,000 252,000 1,040,000 864,000 2,360,000 2,160,000 4,000,000 3,600,000 2014 1,200,000.0 140,000.0 104,000.0 438,400.0 657,600.0 2014 18.00% 80,000 $22.13arrow_forward
- ABCD Corp Balance Sheet and Income Statement for the period as at December 31, 2014 Balance Sheet Assets RM Cash 72,000 Accounts receivable 439,000 Inventories 894,000 Total current assets1,405,000 Fixed Assets 431,000 Total Assets1,836,000 Liabilities Accounts and Notes payable 432,000 Accruals 170,000 Total Current Liabilities 602,000 Long term debt 404,290 Common stock 575,000 Retained Earnings 254,710 Total Liabilities & Equity1,836,000 Income Statement Sales 4,290,000 Cost of goods sold 3,580,000 Selling, general, and administrative expenses 370,320 Depreciation 159,000 Earnings before taxes (EBT) 180,680 Taxes (40%) 72,272 Net Income 108,408 Per Share Data EPS RM4.71 Cash dividends per share RM0.95 P/E ratio 5 x Market Price (average) RM23.57 Number of Shares Outstanding 23,000 INDUSTRY FINANCIAL RATIO 1. Quick ratio 1.0x 2. Current ratio 2.7x 3. Inventory turnover 7.0x 4. Days sales outstanding 32 days 5. Fixed asset turnover 13.0x 6.…arrow_forwardArlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2018 2017 Assets Cash and equivalents $ 15,000 $ 12,000 Accounts receivable 35,000 30,000 Inventories 33,720 27,000 Total current assets $ 83,720 $ 69,000 Net plant and equipment 50,000 48,000 Total assets $133,720 $117,000 Liabilities and Equity Accounts payable $ 10,000 $ 8,000 Accruals 7,000 5,000 Notes payable 6,900 5,300 Total current liabilities $ 23,900 $ 18,300 Long-term bonds 15,000 15,000 Total liabilities $ 38,900 $ 33,300 Common stock (4,000 shares) 60,000 60,000 Retained earnings 34,820 23,700 Common equity $ 94,820 $ 83,700 Total liabilities and equity $133,720 $117,000 Income Statement for Year Ending December 31, 2018 Sales $239,000 Operating costs excluding depreciation and amortization 190,000 EBITDA $ 49,000 Depreciation…arrow_forwardArlington Corporation's financial statements (dollars and shares are in millions) are provided here. Balance Sheets as of December 31 2018 2017 Assets Cash and equivalents $ 15,000 $ 12,000 Accounts receivable 35,000 30,000 Inventories 33,720 27,000 Total current assets $ 83,720 $ 69,000 Net plant and equipment 50,000 48,000 Total assets $133,720 $117,000 Liabilities and Equity Accounts payable $ 10,000 $ 8,000 Accruals 7,000 5,000 Notes payable 6,900 5,300 Total current liabilities $ 23,900 $ 18,300 Long-term bonds 15,000 15,000 Total liabilities $ 38,900 $ 33,300 Common stock (4,000 shares) 60,000 60,000 Retained earnings 34,820 23,700 Common equity $ 94,820 $ 83,700 Total liabilities and equity $133,720 $117,000 Income Statement for Year Ending December 31, 2018 Sales $239,000 Operating costs excluding depreciation and amortization 190,000 EBITDA $ 49,000 Depreciation…arrow_forward
- Balance Sheet Jack and Jill Corporation's year-end 2009 balance sheet lists current assets of $257,000, fixed assets of $807,000, current liabilities of $188,000, and long-term debt of $293,000. What is Jack and Jill's total stockholders' equity? Multple Cholce $583.000 $1,064,000 $481,000 There Is not enough Information to calculate total stockholder's equity. Prev 1 of 8 Score answer> 9:43 AM 42°F Mostly sunny ype here to search 11/5/2021 21 DELLarrow_forwardSelected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet As of December 31 Year 7 Year 6 Current Assets Cash and cash equivalents $ 634,527 $ 335,597 Marketable securities 166,106 187,064 Accounts receivable (net) 284,226 318,010 Inventories 466,942 430,249 Prepaid expenses 60,906 28,060 Other current assets 83,053 85,029 Total Current Assets 1,695,760 1,384,009 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,647,980 $2,434,430 Current Liabilities Short-term borrowings $ 306,376 $ 170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 279,522 314,883 Accrued liabilities 301,024 183,681 Income taxes payable 107,509 196,802 Total Current Liabilities 1,149,431…arrow_forwardSelected financial data for Wilmington Corporation is presented below. WILMINGTON CORPORATION Balance Sheet As of December 31 Year 7 Year 6 Current Assets Cash and cash equivalents $ 634,527 $ 335,597 Marketable securities 166,106 187,064 Accounts receivable (net) 284,226 318,010 Inventories 466,942 430,249 Prepaid expenses 60,906 28,060 Other current assets 83,053 85,029 Total Current Assets 1,695,760 1,384,009 Property, plant and equipment 1,384,217 625,421 Long-term investment 568,003 425,000 Total Assets $3,647,980 $2,434,430 Current Liabilities Short-term borrowings $ 306,376 $ 170,419 Current portion of long-term debt 155,000 168,000 Accounts payable 279,522 314,883 Accrued liabilities 301,024 183,681 Income taxes payable 107,509 196,802 Total Current Liabilities 1,149,431…arrow_forward
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