Bavarian sausage,inc.posted the following income solve this question Bavarian Sausage, Inc. posted the following income statement:Income StatementSalesCost of goods soldDepreciationEarnings before interest and taxesInterest expenseNet profit before taxesTaxes (@40%)$525,000215,00065,000245,00035,000210,00084,000$126,000Net incomeBavarian Sausage, Inc. has 100,000 shares of common stock outstanding, but nopreferred stock. The current price of Bavarian's common stock is $15. What is thecompany's P/E-ratio?

Step 1:Calculate Earnings per Share (EPS)Step 2:Calculate the P/E ratio

Answered: Bavarian Sausage, Inc. posted the…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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Additional information: Common stock outstanding January 1, 2022, was 34,250 shares, and 38,250 shares were outstanding at December 31, 2022. (Use a simple average for weighted-average.) The market price of Bonita stock was $30 on December 31, 2022 Cash dividends of $21,840 were declared and paid. 1. 2 3. Compute the following measures for 2022. (Round Earnings per share to 2 decimal places, eg. 1.65, and all other answers to 1 decimal place, eg. 6.8 or 6.8%) (a) (b) (c) (d) Earnings per share $ Price-earnings ratio Payout ratio Times interest earned times. % times
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The income statement for Sunland, Inc. is as follows:
The following are summarized financial statements of Anna Limited for the year ended 31st December 2022.Comparable figures for the previous year are also shown Income statement for the year ended 31st December 2022 2021 Shs 000 Shs 000 Sales 57,600 36,000 Less cost of goods (35,400) (21,000) GROSS PROFIT 22,200 15,000 Trading expenses (9,900) (8,100) Net profit before interest and tax 1 2,300 6,900 Less debenture interest (450) (450) Net profit before tax 11,850 6,450 Less corporate tax (5,760)…
The following are the financial statement Quick Ltd. for the year ended 31st December 2020: Quick Ltd. Income statement For year ended 31st December 2020 $”000” Revenue 1276.50 Cost of sales (907.00) 369.50 Distribution costs (62.50) Administrative expenses (132.00) 175.00 Interest received 12.50 Interest paid (37.50) Profit before tax 150.00 Tax (70.00) Profit after tax 80.00 Quick Ltd. Statement of financial position as at 31 December 2020 2019 $”000” $”000d” ASSETS: Non- current assets: Property, plant and equipment 190 152.5 Intangible assets 125 100 Investments 12.5 Current assets: Inventories 75 51 Receivables 195 157.5 Short-term investment 25 Cash in hand 1 0.5 Total assets 611 474 Equity and liabilities: Equity: Share capital 100 75 Share premium 80 75 Revolution reserve 50 45.5 Retained earnings 130 90 Non-current liabilities: Loan 85 25…
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Here is the income statement for Larkspur, Inc. LARKSPUR, INC.Income StatementFor the Year Ended December 31, 2022 Sales revenue $443,400 Cost of goods sold 224,700 Gross profit 218,700 Expenses (including $16,700 interest and $24,600 income taxes) 87,600 Net income $ 131,100 Additional information: 1. Common stock outstanding January 1, 2022, was 27,600 shares, and 36,700 shares were outstanding at December 31, 2022. 2. The market price of Larkspur stock was $15 in 2022. 3. Cash dividends of $22,700 were paid, $6,900 of which were to preferred stockholders. Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share $enter earnings per share in dollars (b) Price-earnings ratio enter price-earnings ratio in times times (c) Payout ratio enter payout ratio in percentages % (d) Times interest earned enter times interest…
Skysong Inc., a greeting card company, had the following statements prepared as of December 31, 2020. SKYSONG INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $6,100 $6.900 Accounts receivable 61.900 50,500 Short-term debt investments (available-for-sale) 34,800 18,200 Inventory 39,900 59,800 Prepaid rent 4,900 4.000 Equipment 155,500 131,200 Accumulated depreciation-equipment (34,800 ) (25,300 ) Copyrights 45,700 50.200 Total assets $314,000 $295,500 Accounts payable $46,200 $39,700 Income taxes payable 4,000 6,100 Salaries and wages payable 7,900 4,000 Short-term loans payable 7,900 10,000 Long-term loans payable 59.800 68,600 Common stock, $10 par 100,000 100,000 Contributed capital, common stock 30,000 30,000 Retained earnings 58,200 37,100 Total liabilities & stockholders' equity $314,000 $295,500
Here is the income statement for Teal Mountain Inc. TEAL MOUNTAIN INC.Income StatementFor the Year Ended December 31, 2020 Sales revenue $402,900 Cost of goods sold 256,700 Gross profit 146,200 Expenses (including $10,200 interest and $29,600 income taxes) 89,200 Net income $ 57,000 Additional information: 1. Common stock outstanding January 1, 2020, was 30,000 shares, and 39,000 shares were outstanding at December 31, 2020. 2. The market price of Teal Mountain stock was $15 in 2020. 3. Cash dividends of $24,700 were paid, $6,500 of which were to preferred stockholders. FInd the following: A.) Payout Ratio B.) Times interest earned
Here is the income statement for Teal Mountain Inc. TEAL MOUNTAIN INC.Income StatementFor the Year Ended December 31, 2020 Sales revenue $402,900 Cost of goods sold 256,700 Gross profit 146,200 Expenses (including $10,200 interest and $29,600 income taxes) 89,200 Net income $ 57,000 Additional information: 1. Common stock outstanding January 1, 2020, was 30,000 shares, and 39,000 shares were outstanding at December 31, 2020. 2. The market price of Teal Mountain stock was $15 in 2020. 3. Cash dividends of $24,700 were paid, $6,500 of which were to preferred stockholders. Compute the following measures for 2020. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share $enter a dollar amount (b) Price-earnings ratio enter Price-earnings ratio in times times (c) Payout ratio enter percentages % (d) Times interest earned enter Times interest…
The income statement for Misbah Corporation appears below. Income Statement Data for the year ended December 31, 2018 Net Sales Rs. 400,000 Cost of Goods Sold 235,000 Gross Profit 165,000 Expenses (including Rs. 14,000 interest and Rs. 17,000 income taxes) 105,000 Net Income 60,000 Additional Information 1. The weighted average common shares outstanding in 2018 were 30,000 shares 2. The market price of company stock was Rs. 10.80 in 2018 3. Cash dividends of Rs. 21,000 were paid Instructions: Compute the following ratios for 2018 (a)Earnings per share (b)Price Earnings Ratio (c) Dividend per share (c)Payout Ratio (d) Times Interest Earned (f) Dividend Yield
The most recent financial statements for Martin, Inc., are shown here: Sales Costs Taxable income Taxes (21%) Net Income Assets Total Income Statement EFN $22,000 -13,200 $61,600 $8,800 -1,848 $6,952 Balance Sheet $61,600 Debt Equity Total $25,000 36,600 $61,600 Assets and costs are proportional to sales. Debt and equity are not. A dividend of $880 was paid, and Martin wishes to maintain a constant payout ratio. Next year's sales are projected to be $25,740. What is the external financing needed? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Answer is complete but not entirely correct. $ 4,972.00

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