please help me Bratie, Inc.'s 2024 balance sheet reported the following items-with 2023 figures given for comparison:(Clickthe icon to view the 2024 and 2023 figures.)Net income for 2024 was $3,720. Compute Bratie's rate of return on common stockholders' equity for 2024.Select the formula, then enter the amounts to calculate the company's rate of returncommon stockholders' equity for 2024. (Abbreviations used: Ave. average, OS outstanding, SE = stockholders' equity, shrs shares. Complete= Rate of return on common SEinput boxes. Enter "0" for any zero amounts.)Data tableTotal AssetsBratie, Inc.Balance SheetAs of December 31, 2024, and December 31, 2023December 31, 202434,000 $December 31, 202331,900Total Liabilities13,00015,700Total Stockholders' Equity (all common)Total Liabilities and Stockholders' Equity21,00016.20034,000 $31.900PrintDone

Given data table:- In summary:- (Net income-Preferred dividend )÷Avg common stockholder's…

Answered: Bratie, Inc.'s 2024 balance sheet…

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 56CE

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
Ratio Analysis Consider the following information taken from the stockholders equity section: How do you interpret the companys payout and profitability performance? Required: 1. Calculate the following for 2020. (Note. Round answers to two decimal places.) 2. CONCEPTUAL CONNECTION Assume 2019 ratios were: and the current year industry averages are: How do you interpret the companys payout and profitability performance?
Data table Income Statement-partial: Net Income Balance Sheet-partial: Total Assets Paid-In Capital: Preferred Stock-2%, $5 Par Value; 85,000 shares authorized, 5,000 shares issued and outstanding Common Stock-$3 Par Value; 85,000 shares authorized; 55,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity Print $ $ $ $ Done 2024 22,500 $ 260,000 $ Dec. 31, 2024 Dec. 31, 2023 25,000 $ 165,000 2023 5,000 52,000 247,000 $ 25,000 265,000 25,000 165,000 5,000 30,000 225,000
Lateral Exploration Company reported these figures for 2024 and 2023: (Click the icon to view the partial financial reports.) Compute rate of return on common stockholders' equity for 2024 assuming no dividends were declared or paid to preferred stockholders. Select the formula, then enter the amounts to calculate the company's rate of return on common stockholders' equity for 2024. (Abbreviation used: SE = stockholders' equity. Complete all input boxes. Enter "0" for any zero amounts. Round your answer to the nearest whole percent.) - X ( = C Rate of return on common SE % Data table Income Statement-partial: Net Income Balance Sheet-partial: Total Assets Preferred Stock Common Stock Retained Earnings Total Stockholders' Equity Print $ $ $ $ 2024 17,800 $ Dec. 31, 2024 Done 328,000 $ 2,400 $ 179,000 8,000 189,400 $ 2023 19,000 Dec. 31, 2023 312,000 2,400 169,000 4,500 175,900
Compute these values and ratios for 2021 and 2022. (Round Earnings per share to 2 decimal places, e.g. $2.78 and Current Ratio and Debt to assets ratio to 1 decimal place, e.g. 15.2. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Additional information: 1. The market price of Pina’s common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. 2. You must compute dividends paid. All dividends were paid in cash. Compute the following ratios for 2021 and 2022. 2022 2021 Profit margin enter percentages % enter percentages % (Round answers to 1 decimal place, e.g. 1.5%.) Gross profit rate enter percentages % enter percentages % (Round answers to 1 decimal place, e.g. 1.5%.) Asset turnover enter asset turnover in times times enter asset turnover in times times (Round answers to 2 decimal places, e.g. 1.83.) Earnings per share $enter earnings per share in dollars $enter earnings per share in dollars (Round answers to 2 decimal places, e.g. 1.83.) Price-earnings ratio enter price-earnings ratio in times times enter price-earnings ratio in times times (Round answers to 1 decimal place,…
Timmy Company's comparative balance sheet at January 31, 2022, and 2021, reports the following (in millions): E (Click the icon to view the comparative balance sheet.) Read the requirements. Begin by reviewing the labels for the change in stockholders' equity and then enter the amounts for each situation. (Enter an amount in each input area. Input a "0" when there is no amount to be entered. Enter amounts in millions. Use a minus sign or parentheses when entering net losses or numbers to be subtracted.) Situation #1 Total stockholders' equity, January 31, 2021 Data table Add: Issuance of stock Net income 2022 2021 Less: Dividends declared Total assets $ 72 $ 52 Net loss Total liabilities 20 16 Total stockholders' equity, January 31, 2022 Print Done Requirements The following are three situations related Timmy Company's issuance of stock and declaration and payment of dividends during the year ended January 31, 2022. For each situation, use the accounting equation and what you know from…
Compute the following ratios for 2025 and 2024. a. Currentratio b. Inventory turnover. (Inventory on December 31,2023 , was$400.) c. Profit margin. d. Return on assets. (Assets on December 31, 2023, were$2,300.) e. Return on common stockholders' equity. (Stockholders' equity-common on December 31,2023, was$950.) f. Debt to assets ratio. g. Times interest earned.
Casello Mowing & Landscaping's year-end 2021 balance sheet lists current assets of $437,100, fixed assets of $552,900, current liabilities of $418,500, and long-term debt of $318,300. Calculate Casello's total stockholders' equity. (Enter your answer in dollars. Round your answer to the nearest dollar amount.) Total stockholders' equity
You are given the following information: Stockholder's Equity Price/Earnings Ratio Share Outstanding Market/Book Ratio $1,250 5 25 1.5 Calculate the market price of a share of the company's stock. Consider the summarized data from the balance sheets and income statements of Wiper Inc. If Wiper's stock had a price/earnings ratio of 12 at the end of 2020, what was the market price of the stock? Wiper Inc. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 Current assets $764 $981 $843 Other assets Total assets 2,424 1,931 1,730 $3,188 $2,912 $2,573 Current liabilities Long-term liabilities Stockholders' equity $588 $841 $734 1,582 1,034 910 1,018 1,037 929 Total liabilities and stockholders' equity $3,188 $2,912 $2,573 Wiper Inc. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019 Income statement data: Sales $3,061 $2,924 Operating income 307 321 Interest expense 95 76 Net income 224 219 Other…
Casello Mowing & Landscaping’s year-end 2018 balance sheet lists current assets of $436,600, fixed assets of $551,400, current liabilities of $418,000, and long-term debt of $317,300. Calculate Casello’s total stockholders’ equity. (Enter your answer in dollars. Round your answer to the nearest dollar amount.)
The following balance sheet information (in $ millions) comes from the Annual Report to Shareholders of Merry International Incorporated for the 2024 fiscal year. The following additional information from an analysis of Merry's financial position is available: Current ratio = 1.352284; Acid-test ratio = 0.5769942; Debt to equity ratio = 0.6132180. Required: Compute the missing amounts in the balance sheet. Note: Enter your answers in millions of dollars. Round your intermediate and final answers to the nearest whole dollar.

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