Do fast and step by step calculation with explanation for this financial accounting question Bay view Rentals, Inc. and Urban Leasing, Inc. is two publicly traded rentalcompanies. They reported the following in their 2022 financial statements (inmillions of dollars, except per share amounts and stock prices):Bay view Rentals, Inc. Urban Leasing, Inc.20222021 Net Income$110.5TotalStockholders' Equity$825.3 Earnings Per Share 2.05Stock Price (at Annual ResultsReport) 30.21Calculate the 2022 ROE for each company. Express ROE as a percentage roundedto one decimal place. Which company appears to generate greater returns onstockholders' equity in 2022?

Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that…

Answered: Bay view Rentals, Inc. and Urban…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 54CE

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Barger Corporation has the following data as of December 31, 2024: Total Stockholders' Equity Total Current Liabilities Total Current Assets $ 36,210 58,200 181,630 Other Assets Long-term Liabilities Property, Plant, and Equipment, Net Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) = = C $? 45,600 269,640 Debt to equity ratio
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $400,700 in 2023 and $335,800 in 2022. Equity and Liabilities 2023 Share capital-common (136,400 shares issued) $ Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities $ 1,242,000 417,700 9,100 76,600 63,300 1,808,700 2022 $ 1,242,000 300,000 6,100 66,700 182,500 $ 1,797,300 Note 1: Cash dividends were paid at the rate of $1 per share in 2022 and $2 per share in 2023. Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,439,000 at December 31, 2021.) (Round your answers to 1 decimal place.) 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.)
Burkhart Corporation has the following data as of December 31, 2024: Total Current Liabilities $ 45,380 Total Stockholders' Equity Total Current Assets 35,720 Other Assets Long-term Liabilities 140,245 Property, Plant, and Equipment, Net Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) = $? 37,400 261,005 Debt to equity ratio
The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2021 Net sales Cost of goods sold Gross profit Expenses: Operating expenses. Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds $852,000 27,000 7,400 12,000 42,000 $3,006,000 1,944,000 1,062,000 940, 400 $ 121,600 VIRTUAL GAMING SYSTEMS Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable. Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Balance Sheets December 31 2021 $180,000 75,000 99,000 11,400 99,000 204,000 264,000 (63,000) $869,400 $ 60,000 4,800 12,000 279,000 294,000 219,600 2020 $138,000 54,000 129,000…
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $404,600 in 2023 and $311,800 in 2022. Equity and Liabilities Share capital-common (122,900 shares issued) Retained earnings (Note 1). Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities 2023 2022 $1,215,000 $1,215,000 413,800 311,300 9,800 6,600 79,700 61,400 56,600 175,500 $1,779,700 $1,765,000 Note 1: Cash dividends were paid at the rate of $1 per share in 2022 and $2 per share in 2023. Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,469,000 at December 31, 2021.) (Round your answers to 1 decimal place.) 2022 2023 Return on equity % 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) 2022 2023 Book value per share
Consider the following partial income statements and balance sheets for Lillard Corp. For the year ended December 31, Net income Less income attributable to noncontrolling 5,700 interests Net income attributable to Lillard Corp. 100,400 107,300 Lillard Corp. shareholders' equity Noncontrolling interests Total equity What is Lillard's return on equity for 2024? 11.7% O 11.5% 12.3% 11.9% 2024 2023 108,000 113,000 11.1% 7,600 Dec. 31, 2024 Dec. 31, 2023 861,000 888,000 32,400 30,600 893,400 918,600
The financial statements of Friendly Fashions include the following selected data (in millions): ($ in millions except share data) 2021 2020 Sales $ 9,843 $ 10,934 Net income $ 280 $ 798 Stockholders' equity $ 1,710 $ 2,290 Average Shares outstanding (in millions) 665 - Dividends per share $ 0.38 - Stock price $ 8.50 - Required:Calculate the following ratios for Friendly Fashions in 2021. (Enter your Dividend yield and Price-earning ratio values to 2 decimal places. Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Provided below are an analyst's forecasts of revenue, net operating profit after tax (NOPAT), and net operating assets (NOA) as of 12/31/2021 for Amgen for the period 2022 through 2025. ($ millions) Reported 2021 Revenue: NOPAT: NOA: The following additional information is provided (dollar and share amounts in millions). • Common shares outstanding: 558.300 • Net nonoperating obligations (NNO): $26,355.0 • Noncontrolling interest (NCI): $0.0 • Preferred stock: $0.0 • WACC: 6.5% • Revenue growth in 2022-2025: 4.0% • Terminal period growth: 2.0% Use the information above to calculate the terminal period values of revenue, NOPAT, NOA, and ROPI. Do not round intermediate calculations. All values other than per-share amounts are shown in millions. $ millions Forecast Horizon Period 2025 2022 2023 2024 $25.979.0 $27,018.2 $28.098.9 $29.222.8 $30,391.8 $6.624.6 $6,889.6 $7,165.2 $7.451.8 $7,749.9 $33,055.0 $34.377.2 $35,752.3 $37,182.4 $38,669.7 Revenue: NOPAT: NOA: ROPI: Terminal Period…
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $365,700 in 2023 and $335,800 in 2022 Equity and Liabilities share capital-connen (137, 700 shares issued) Retained earnings (ote 1) Accrued liabilities sotes payable (current) Accounts payable Total egrity and liabilities Return on equity Note 1 Cash dividends were paid at the rate of $1 per share in 2022 and 52 per shore in 2023 Required: 1. Calculate the return on common there equity for 2022 and 2023. (Assurne total equity was $1,454,000 at December 31, 2021) (Round your answers to 1 decimal piace) 2022 23.4 $1,417,500 $1,417,500 417,700 10,300 22,700 59,500 2023 225 111,300 6,500 65,500 179,000 $1,937,700 $1,979,200 2. Calculate the book value per shares for 2022 and 2023 (Round your answers to 2 decimal places) 2022 XX S1254 S 13.31
Financial Accounting
On Dec. 31, 2021, Windsor Mold Co. has disclosed some of the company's financial data: Current Assets: $75 million Long-Term Assets: $125 million Total Net Worth: $125 million Total Long-Term Liabilities: $15 million Calculate the company's Current Ratio =? Current Ratio = 1.50 Current Ratio = 1.25 Current Ratio = 1.67 Current Ratio = 1.10 Current Ratio = 1.33
Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory 12,500Total Assets in 2021 110,000Current Liabilities 40,000Total Assets in 2020 90,000Net Profit 12,000Shareholders' Equity 65,000 Select one:a. 0.12b. 0.10c. 0.18d. 0.13

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