Balance Sheet:AssetsCurrent Assets3/31/201912/31/20189/30/20186/30/2018Cash and cash equivalentsNet receivablesInventory293300255232401362385460374342437306Other current assets60435345Total Current Assets1,1281,0471,1301,043Long-term investments12897200Property, plant, and equipment9799919951,052Goodwill744748736742Other assets777831902797Total Assets3,7563,7143,7633,834LiabilitiesCurrent LiabilitiesAccounts payable8761,467922980Short/current long-term debt4102173288Other current liabilitiesTotal Current Liabilities1,2861,4691,0951,268Long-term debt2,3812,124474475Other liabilities435574559551Total Liabilities4,1024,1672,1282,294Total Shareholder's Equity- 346- 4531,6351,540Total Liabilities and Shareholder's Equity3,7563,7143,7633,834 Some balance sheet information is shown here (all values in millions of dollars).a. What change in the book value of the company's equity took place at the end of 2018?b. Is the company's market-to-book ratio meaningful? Is its book debt-equity ratio meaningful? Explain.

Answered: Balance Sheet: Assets Current Assets…

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

Section: Chapter Questions

Problem 1PS

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Following information relate to Hawke Ltd for the financial year ended 2020 Hawke Ltd Statement of Financial position As at 30 June 2020 2020 2019 Assets Cash at bank 84200 100000 Accounts receivable 208000 172000 Inventory 200000 208000 Prepaid insurance 12000 20000 Interest receivable 400 600 Investments 80000 40000 Plant and equipment 800000 720000 Less: Accumulated depreciation -200000 -180000 Total assets 1184600 1080600 Liabilities Accounts payable 152000 128000 Provision for employee benefits 24000 16000 Other expenses payable 8000 12000 Equity Share capital 800000 800000 Retained earnings 200600 124600 Total liabilities and equity 1184600 1080600 Hawke Ltd Statement of Financial performance For the period ended 30 June 2020…
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What is the net book value of asset
PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current assets: Cash $ 155,100 74,800 87,000 2,400 171,800 88,000 72,800 1,200 Accounts receivable Inventory Prepaid rent Long-term assets: Land 440,000 732,00ө (406, ө00) $1,085,300 440, ө0ө 630,000 252,000) $1,151,800 Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: 91,000 6,900 6,400 $ 77,800 13,800 4, 200 115,000 230,000 Common stock 660,000 206,000 $1,085,300 660,000 166,000 $1,151,800 Retained earnings Total liabilities and stockholders' equity Additional Information for 2021: 1. Net income is $61,000. 2. The company purchases $102,000 in equipment. 3. Depreciation expense is $154,000. 4. The company repays $115,000 in notes payable. 5. The company declares and pays a cash dividend of $21,000. %24 %24 %24
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Return on total assets ratio: net income/ average total assets 21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year) 11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year) Write financial analysis report.
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