Baltimore Company experienced an increase in total assets of $15,500 during the current year. During the same time period, total liabilities increased by $4,600. Shareholders made no investments during the year and no dividends were paid. How much was Baltimore's net income?
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Baltimore Company experienced an increase in total assets of $15,500 during the current year. During the same time period, total liabilities increased by $4,600. Shareholders made no investments during the year and no dividends were paid. How much was Baltimore's net income?
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- At the beginning of the year, Pharoah Ltd. had total assets of $806,400 and total liabilities of $470,400. Use this information to answer each of the following independent questions. During the year, Pharoah's total liabilities decreased by $112,000. The company reported net income of $100,800, sold additional shares for $140,000, and did not declare any dividends during the year. What is the amount of total assets at the end of the year? Assets $Gilmore, Inc., had equity of $215,000 at the beginning of the year. At the end of the year, the company had total assets of $370,000. During the year, the company sold no new equity. Net income for the year was $45,000 and dividends were $6,600. a. Calculate the internal growth rate for the company. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. Calculate the internal growth rate using ROA × b for beginning of period total assets. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. Calculate the internal growth rate using ROA × b for end of period total assets. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)The following shows Petroxy Oil Co.'s income statement for the last two years. The company had assets of $3,525 million in the first year and $5,639 million in the second year. Common equity was equal to $1,875 million in the first year, and the company distributed 100% of its earnings out as dividends during the first and the second years. In addition, the firm did not issue new stock during either year. Petroxy Oil Co. Income Statement For the Year Ending on December 31 (Millions of dollars) Year 2 Year 1 1,905 1,500 1,610 1,495 Net Sales Operating costs except depreciation and amortization Depreciation and amortization Total Operating Costs Operating Income (or EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes (25%) Net Income 95 1,705 200 20 180 45 135 60 1,555 -55 -7 -48 -12 -36
- The income statement for Stretch-Tape Corporation reports net sales of $540,000 and net income of $65,700. Average total assets for the year are $900,000. Stockholders’ equity at the beginning of the year was $600,000, and $30,000 was paid to stockholders as dividends during the year. There were no other stockholders’ equity transactions that occurred during the year. Required: Calculate the return on assets, profit margin, asset turnover, and return on equity ratios.Maynard enterprises paid $ 1,384 in dividends and $1,067 in interest over the past year.The common stock account increased by $ 1,272 and retainef earnings decreased by $ 379. What was the company net Income?Last year K. Billingsworth & Co. had earnings per shareof $4 and dividends per share of $2. Total retained earnings increased by $12 millionduring the year, while book value per share at year-end was $40. Billingsworth has nopreferred stock, and no new common stock was issued during the year. If its year-endtotal debt was $120 million, what was the company’s year-end total debt to total capitalratio?
- maynard enterprise paid $1,720 in dividends and $1,655 in interest over the past year. the common stock account increased by $1,560 and retained earnings decreased by $655. what was the company's net income?Last year Kendall Enterprises (KE) had earnings per share of $5 and dividends per share of $2. Total retained earnings increased by $12 million during the year, while book value per share at year-end was $40. KE has no preferred stock, and no new common stock was issued during the year. If its year-end total debt was $120 million, 1)what was the company’s year-end # of shares outstanding? 2)what was the company’s total common equity? 3)what was the company’s total debt to total capital ratio?Accounting. Computer world inc. paid out $40.3 million in total
- For the current year, Vidalia Company reported revenues of 250,000 and expenses of 225,000. At the beginning of the year, its retained earnings had a balance of 95,000. During the year, Vidalia paid 11,000 dividends to shareholders. Its contributed capital was 56,000 at the beginning of the year, and it did not issue any new stock during the year. Vidalias assets total 237,500 on December 31 of the current year. What are Vidalias total liabilities on December 31 of the current year?the income statement for Stretch-Tape Corporation reports net sales of $439,900 and net income of $54,780. Average total assets for the year are $830,000. Stockholders’ equity at the beginning of the year was $530,000, and $23,000 was paid to stockholders as dividends during the year. There were no other stockholders’ equity transactions that occurred during the year.Required:Calculate the return on assets, profit margin, asset turnover, and return on equity ratios. (Round your answers to 1 decimal place.) Profitability Ratios Return on assets 6.6 % Profit margin 12.5 % Asset turnover times Return on equity %How much was Yankee's net income?