AssetsCurrent assetsCashAccounts receivableInventoryTotalTotal assetsSalesCost of goods soldDepreciationTaxable incomeTaxes (23%)Earnings before interest andtaxesInterest paidNet incomeSMOLIRA GOLF CORPORATION2021 Income StatementDividendsRetained earningsFixed assetsNet plant and equipment $465,700 $ 521,583 TotalCash, beginning of the yearOperating activities2020$35,685 $39,03228.93643,152$58,136 $111,120Net cash from operating activitiesInvestment activitiesSMOLIRA GOLF CORPORATION2020 and 2021 Balance Sheets202118,4514,000Cash, end of yearNet cash from investment activitiesFinancing activitiesNet cash from financing activitiesSMOLIRA GOLF CORPORATIONStatement of Cash FlowsFor 2021$ 523,836 $ 632,703 Total liabilities and owners' equityLiabilities and Owners' EquityCurrent liabilities$ 24,00039,144Accounts payableNotes payableOtherLong-term debtOwners' equityCommon stock and paid-in surplusAccumulated retained earningsPrepare the 2021 statement of cash flows for Smolira Golf Corp. (Negativeanswers should be indicated by a minus sign.)Total$512,954363,87846,088$ 102,98820,983$ 82,00518,861$ 63,1442021$38,992 $43,23220,30817,17521,034 25,674$80,334 $86,0812020$ 121,500$ 56,300 $ 56,300265,702 304,846$322,002$185,476$ 523,836$361,146$632,703

Statement of cash flows is one of useful financial statement being prepared in business. It shows…

Assets Current assets Cash Accounts receivable Inventory Total Total assets Sales Cost of goods sold Depreciation SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 2020 $35,685 $39,032 18,451 28,936 4,000 43,152 $58,136 $111,120 SMOLIRA GOLF CORPORATION 2021 Income Statement Taxable income Taxes (23%) Net income Earnings before interest and taxes Interest paid Dividends Retained earnings Fixed assets Net plant and equipment $465,700 $ 521,583 Total Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 24,000 39,144 Long-term debt $ 523,836 $ 632,703 Total liabilities and owners' equity Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total $ 512,954 363,878 46,088 $ 102,988 20,983 $ 82,005 18,861 $ 63,144 Prepare the 2021 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) 2020 $38,992 $43,232 20,308 21,034 $ 80,334 $ 121,500 2021 $ 322,002 $ 523,836 17,175 25,674 $86,081 $ 56,300 $56,300 265,702 304,846 $ 185,476 $361,146 $ 632,703

Assets Current assets Cash Accounts receivable Inventory Total Total assets Sales Cost of goods sold Depreciation SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 2020 $35,685 $39,032 18,451 28,936 4,000 43,152 $58,136 $111,120 SMOLIRA GOLF CORPORATION 2021 Income Statement Taxable income Taxes (23%) Net income Earnings before interest and taxes Interest paid Dividends Retained earnings Fixed assets Net plant and equipment $465,700 $ 521,583 Total Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other $ 24,000 39,144 Long-term debt $ 523,836 $ 632,703 Total liabilities and owners' equity Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total $ 512,954 363,878 46,088 $ 102,988 20,983 $ 82,005 18,861 $ 63,144 Prepare the 2021 statement of cash flows for Smolira Golf Corp. (Negative answers should be indicated by a minus sign.) 2020 $38,992 $43,232 20,308 21,034 $ 80,334 $ 121,500 2021 $ 322,002 $ 523,836 17,175 25,674 $86,081 $ 56,300 $56,300 265,702 304,846 $ 185,476 $361,146 $ 632,703

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

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Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes. Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets Sin Comparative Income Statements For Years Ended December 31 2021 $ 420,027 252,856 167,171 59,644 37,802 97,446 69,725 12,969 $ 56,756 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity Assets Current assets Long-term investments Plant assets, net. Total assets Liabilities and Equity Current liabaties Common stock Other paid-in capital Retained earnings Total liabilities and equity 2020 $ 321,775 202,718 KORBIN COMPANY Comparative Balance Sheets December 31 2021 119,057 44,405 28,316 72,721 46,336 9,499 $ 36,837 $ 55,286 0 102,674 $ 157,960 2020 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as answers to 2 decimal places.) 111.77 % 0.00 $ 37,003 700…
Some recent financial statements for Smolira Golf Corporation follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation Taxable income Taxes (22%) Earnings before interest and taxes Interest paid Net income Dividends Retained earnings 2020 $35,585 $38,940 28,846 43,112 18,401 3,970 SMOLIRA GOLF CORPORATION 2021 Income Statement a. Price-earnings ratio b. Dividends per share c. Market-to-book ratio d. PEG ratio SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 Liabilities and Owners' Equity Current liabilities $57,956 $110,898 $ 465,585 $ 27,000 37,022 Accounts payable Notes payable Other $ 521,433 Total $ 523,541 $ 632,331 Total liabilities and owners' equity Long-term debt times Owners' equity Common stock and paid-in surplus Accumulated retained earnings times times Total $ 512,454 363,528 45,963 $102,963 20,883 $ 82,080 18,058 $ 64,022 Smolira Golf Corporation has 52,000…
IKIBAN INCORPORATED Comparative Balance Sheets 2021 At June 30 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation Equipment Total assets Notes payable (long term) Total liabilities. Equity Common stock, $5 par value Retained earnings. Total liabilities and. equity Liabilities and Equity) Accounts payable Wages payable Income taxes payable. Total current liabilities 39,200 Sales Cost of goods sold. Gross profit $ 105,100 71,000 67,800 4,800 248,700 128,000 (29,000) $ 347,700 Cash flows from operating activities $ 29,000 6,400 3,800 IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 Operating expenses (excluding depreciation) Depreciation expense: Other gains (losses) Gain on sale of equipment Income before taxes Income taxes expense Net income Cash flows from investing activities 228,000 46,500 $ 347,700 Cash flows from financing activities Net increase (decrease) in cash Cash balance at prior year-end…
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How much net income did Wolf Enterprises earn during 2021? Net income for 2021 was Cost of services sold Accumulated depreciation Selling, general, and administrative expenses Retained earnings, December 31, 2020 $ 14,500 Service revenue 40,800 Depreciation expense Other revenue 6,100 Dividends declared Income tax expense 2,700 Income tax payable 32,400 4,200 700 700 500 1,100
Information from the financial statements of the Heir Jordan Corporation are shown below. Prepare the pro forma financial statements and calculate EFN, assuming a 15 percent increase in sales, no new external debt or equity financing, and a constant payout ratio. Sales Costs Cash Accounts receivable Inventory Net plant and equipment Accounts payable Notes payable Long-term debt Common stock Retained earnings Dividends Net income Increase in sales Tax rate LA LA LA LA LA LA LA LA LA LA LA LA LA $ $ $ $ $ $ $ $ $ 46,000 37,600 2,950 4,100 6,400 41,300 2,400 5,400 28,000 15,000 3,950 2,880 6,552 15% 21%
Net Sales COGS Depreciation EBIT Interest Taxable Income Taxes Net Income 2019 Income Statement Dividends Additions to Retained Earnings 147 647.74 3,456 1,895 235 1,326 320 1,006 211.26 794.74
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Current assets: Cash and marketable securities Accounts receivable Inventory Total Assets Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses 2024 VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) $ 72 187 312 $ 571 Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 2023 $ 71 181 291 $ 543 $ 1,073 146 $ 927 134 $ 1,061 $ 1,632 $ 1,446 $ 882 113 $ 769 134 $ 903 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt Stockholders' equity: Preferred stock (6 thousand shares) Common stock and paid-in surplus (100 thousand shares) Retained earnings Total VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2024 and…
mework i 0 ences Mc Graw Hill INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 21%) Net income Assets Current assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Total assets a. Free cash flow b. Additional tax c. Free cash flow million million million $ 27,571 17,573 1,406 $ 8,592 521 2022 8,071 1,695 $ 6,376 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 2021 $ 2,340 1,379 126 1,093 $ 4,938 $ 24,681 2,808 2,987 $ 35,414 $ 2,340 1,339 121 620 $ 4,420 Saved $ 22,839 2,657 3,103 Liabilities and Shareholders' Equity Current liabilities Debt due for repayment Long-term debt Other long-term liabilities Total liabilities Total shareholders' equity $ 33,019 Total liabilities and…
Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (21%) Net income Dividends Addition to retained earnings Current assets Cash CROSBY, INCORPORATED 2023 Income Statement Accounts receivable Inventory Total Total assets Assets Fixed assets Net plant and equipment EFN $ 21,340 44,280 98,960 $ 164,580 $ 430,000 $ 28,203 65,807 $ 594,580 $ 754,000 589,000 25,000 $ 140,000 21,000 CROSBY, INCORPORATED Balance Sheet as of December 31, 2023 $ 119,000 24,990 $ 94,010 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity $ 55,500 14,700 $ 70,200 $ 137,000 $ 118,000 269,380 $ 387,380 $ 594,580 If the firm is operating at full capacity and no new debt or equity is issued, what is the external financing needed to support the 25 percent growth rate in sales? Note: Do not round…
Directly Compute Nonoperating Return with Noncontrolling Interest Selected balance sheet and income statement information from Abbott Laboratories for 2018 follows ($ millions). $ millions Net income Net income attributable to Company shareholders Net operating profit after tax (NOPAT) Net nonoperating expense (NNE) $3,078 3,078 3,822 744 Average net operating assets (NOA) 62,689 Average net nonoperating obligations (NNO) 22,506 Average total equity 40,183 Average equity attributable to Company shareholders 39,924 Compute the following measures a through h. a. Return on equity = (Net income attributable to Company shareholders/Average equity attributable to Company shareholders) Net income attributable to Company shareholders Average equity attributable to Company shareholders ROE %

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