Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Equity Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%) INCOME STATEMENTS BALANCE SHEETS Assets 2014 2015 2014 Net sales $ 4,760 $ 5,000 Cash $ 60 COGS (excl. depr.) 3,560 3,800 ST Investments 40 Depreciation 170 200 Accounts receivable 380 Other operating expenses 480 500 Inventories 820 EBIT $ 550 $ 500 Total CA S 1,300 Interest expense 100 120 Net PP&E 1,700 Pre-tax earnings $ 450 $ 380 $ 3,000 Taxes (40%) 180 152 NI before pref. div. $ 270 S 228 Preferred div. $ 190 8 8 262 S 220 Net income $ 262 280 130 Other Data S 600 Common dividends $48 $50 1,000 Addition to RE $214 $170 $ 1,600 Tax rate 40% 40% 100 Shares of common stock 50 50 500 $5.24 $4.40 800 Earnings per share Dividends per share $0.96 $1.00 $ 1,300 Price per share $40.00 $27.00 $ 3,000 Total assets Liabilities and equity Accounts payable Accruals Notes payable Total CL Long-term bonds Total liabilities Preferred stock Common stock Retained earnings Total common equity Total liabs & equity S 2015 50 500 1,000 $1,550 2,000 $ 3,550 $ 200 300 280 $ 780 1,200 $ 1,980 100 500 970 $ 1,470 $ 3,550
Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Equity Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%) INCOME STATEMENTS BALANCE SHEETS Assets 2014 2015 2014 Net sales $ 4,760 $ 5,000 Cash $ 60 COGS (excl. depr.) 3,560 3,800 ST Investments 40 Depreciation 170 200 Accounts receivable 380 Other operating expenses 480 500 Inventories 820 EBIT $ 550 $ 500 Total CA S 1,300 Interest expense 100 120 Net PP&E 1,700 Pre-tax earnings $ 450 $ 380 $ 3,000 Taxes (40%) 180 152 NI before pref. div. $ 270 S 228 Preferred div. $ 190 8 8 262 S 220 Net income $ 262 280 130 Other Data S 600 Common dividends $48 $50 1,000 Addition to RE $214 $170 $ 1,600 Tax rate 40% 40% 100 Shares of common stock 50 50 500 $5.24 $4.40 800 Earnings per share Dividends per share $0.96 $1.00 $ 1,300 Price per share $40.00 $27.00 $ 3,000 Total assets Liabilities and equity Accounts payable Accruals Notes payable Total CL Long-term bonds Total liabilities Preferred stock Common stock Retained earnings Total common equity Total liabs & equity S 2015 50 500 1,000 $1,550 2,000 $ 3,550 $ 200 300 280 $ 780 1,200 $ 1,980 100 500 970 $ 1,470 $ 3,550
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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Transcribed Image Text:Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the
Bruno Inc. Year 2015 Debt to Equity Ratio. (Answer Format: 12.23%, if
computed answer is 12.343% answer should be 12.34%, if computed
answer is 12.347% answer should be 12.35%)
INCOME STATEMENTS
2014
2015
BALANCE SHEETS
Assets
Cash
2014
2015
Net sales
$ 4,760 $ 5,000
S
60
50
COGS (excl. depr.)
3,560
3,800
ST Investments
40
.
Depreciation
170
200
Accounts receivable
380
500
480
500
Inventories
820
1,000
Other operating expenses
EBIT
S
550 S
500
Total CA
$ 1,300
$ 1,550
Interest expense
100
120
Net PP&E
1,700
2,000
Pre-tax earnings
S
450
S 380
$ 3,000
$ 3,550
Taxes (40%)
180
152
NI before pref. div.
$ 270
228
Preferred div.
8
8
S
190 $
200
Net income
$ 262
220
280
300
130
280
Other Data
$
600
S
780
Common dividends
$48
$50
1,000
1,200
Addition to RE
$214
$170
$ 1,600
$ 1,980
Tax rate
40%
40%
100
100
Shares of common stock
50
50
500
500
Earnings per share
$5.24
$4.40
800
970
Dividends per share
$0.96
$1.00
$ 1,300
S 1,470
Price per share
$40.00
$27.00
$ 3,000
$ 3,550
F
S
S
Total assets
Liabilities and equity
Accounts payable
Accruals
Notes payable
Total CL
Long-term bonds
Total liabilities
Preferred stock
Common stock
Retained earnings
Total common equity
Total liabs. & equity
S
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