Current assets Cash MOOSE TOURS, INC. 2008 Income Statement Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes Net income Dividends Addition to retained earnings Assets $33,735 78,715 MOOSE TOURS, INC. Balance Sheet as of December 31, 2008 $ 25,300 40 700 Current liabilities $929,000 723,000 19,000 $187,000 Liabilities and Owners' Equity Accounts payable 14,000 $173,000 60,550 $112,450 $ 68,000 17.00A

Current assets Cash MOOSE TOURS, INC. 2008 Income Statement Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes Net income Dividends Addition to retained earnings Assets $33,735 78,715 MOOSE TOURS, INC. Balance Sheet as of December 31, 2008 $ 25,300 40 700 Current liabilities $929,000 723,000 19,000 $187,000 Liabilities and Owners' Equity Accounts payable 14,000 $173,000 60,550 $112,450 $ 68,000 17.00A

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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Net Sales COGS Depreciation EBIT Interest Taxable Income Taxes Net Income 2019 Income Statement Dividends Additions to Retained Earnings 147 647.74 3,456 1,895 235 1,326 320 1,006 211.26 794.74
Compute NET Profit margin ratio Income Statement ($M) 2019 Revenue 372 Depreciation Other Operating Expense 12 271 Income Before Taxes 89 Тахes 23 66 20 Net Income Dividends Earnings per share Dividends per share Common Shares Outstanding 0.72 0.22 92
Account Accounts payable Accounts receivable Accumulated depreciation 12/31/2021 Balances 12/31/2022 Balances 27,000 19,000 51,000 46,000 95,000 125,000 Notes Paya ble 22,000 22,000 Cash Common stock Depreciation expense Equipment Income tax expense 48,000 31.000 150,000 150,000 30,000 205,000 285,000 21% of pre-tax income Inventory Rent Expense 11,000 40,000 22,000 Cost of goods sold Prepaid rent Retained earnings 233.000 10,000 16,000 22,000 ?? Revenues 385,000 Dividends of 11,000 were declared during the year Income tax expense is 21% of income before taxes а. Create an income statement for the year ended 12/31/2022 Create i (Ctrl) - sheet as of 12/31/2022 (you will need to determine ending retained earnings) b.
Balance Sheet December 31 Assets Cash Inventory Equipment Accounts receivable Less: Accumulated depreciation $ 21,000 520,000 142,500 $ 624,000 78,000 546,000 Total assets $ 1,229,500 Liabilities and Equity Liabilities Accounts payable Loan payable Taxes payable (due March 15) $ 355,000 11,000 88,000 454,000 Equity Common stock Retained earnings $ 474,500 301,000 775,500 Total liabilities and equity $ 1,229,500 To prepare a master budget for January, February, and March, use the following information. a. The company's single product is purchased for $30 per unit and resold for $58 per unit. The inventory level of 4,750 units on December 31 is more than management's desired level, which is 20% of the next month's budgeted sales units. Budgeted sales are January, 6,500 units; February, 9,000 units; March, 11,000 units; and April, 10,000 units. All sales are on credit. b. Cash receipts from sales are budgeted as follows: January, $233,100; February, $722,857; March, $519,245. c. Cash…
Part B: Financial Planning - Pro Forma Statements 1. Using the financial statements for 2009 as your 'base', assume that Luxio's sales are 20% higher for 2010. Use this projection to prepare the pro forma statements following the requirements listed below. Assume the change in sales is permanent. 2. For the Income Statement: • Cost of Goods Sold rate is expected to remain constant; o 'Depreciation' and 'Interest paid' expenses are expected not to change; o The Tax rate is expected to decrease to 32%; and • Management is expected to increase the amount of dividends paid by 5% (therefore, the Dividend payout rate will increase by 5%). 3. For the Balance Sheet: o 'Current assets' change in direct proportion to sales; • 'Fixed assets' are being operated at 100% of capacity; • 'Accounts payable' changes in direct proportion to sales; o 'Notes payable' and 'Other' current liabilities do not change; • 'Common stock' remains unchanged; and • Use 'Long-term debt' as the plug variable. 4.…
Table 1 Jones Company Financial Information Net income Accounts receivable Accumulated depreciation Common stock Paid-in capital Retained earnings Accounts payable 2) $3,375 3) $3,900 December 2008 4) $2,980 $1,500 750 1,125 4,500 7,500 1,500 750 December 2009 $3,000 750 1,500 5,250 8,250 Based on the information in Table 1, calculate the after tax cash flow from operations for 2009 (no assets were disposed of during the year, and there was no change in interest payable or taxes payable) 1) $4,500 2,250 750
5 Questions: Cost of goods sold Cash Depreciation Interest expense Selling & Administrative. Accounts payable Net fixed assets Sales Accounts receivable Notes payable Long-term debt Inventory New equity Tax rate Dividend percentage 7 1. Complete Income Statement of 2010 & 2011 2. Complete Balance Sheet of 2010 & 2012 2010 196,619 28,372 55,506 12,067 38,668 20,143 244,881 385,724 20,104 22,855 123,607 38,706 30% 35% 65 2011 248,263 42,865 62,738 13,831 50,469 34,091 298,350 470,172 26,078 24,955 140,000 52,057 15,000 +
Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: $ 169,000 $ 1,300 $ 282,000 $ 44,000 Book value per share Earnings per share Cash flow per share $ 7,400 $5,000 21% $ 22,000 $ 21,000 $ 92,000 $ 37,000 $ 120,000 $ 6,000 $ 33,000 $ 64,000 During the year, Smashville, Incorporated, had 20,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. $ 7.75
Statement of Cash Flows Ann's Flowers Inc. reported 2008 net income of $1.80 million and depreciation of $258,000. The top part Ann's Flowers, Inc.'s 2007 and 2008 balance sheets is listed below (in millions of dollars). Current assets: 2007 2008 Cash and marketable securities $3.80 $2.40 Accounts receivable 4.40 5.80 6.80 5.40 Inventory Total Multiple Choice What is the 2008 net cash flow from operating activities for Ann's Flower's, Inc.? O $3,378,000 $1,800,000 -$1,400,000 Current liabilities: 2007 2008 Accrued wages and taxes $1.08 $1.08 Accounts payable 3.08 4.40 Notes payable 10.84 8.12 $15.00 $13.60 $1,578,000 $15.00 $13.60 Total
Income Statement Sales 70,291,828 Cost of Goods Sold 48,872,000 Selling, general, admin 13,648,374 Depreciation 2,625,176 net interest expense 1,602,350 Federal Income Tax 1,296,000 Interest Income 3,430 Dividend income 24,000 Unrealized gain on securities 162,000 Gain on sale of equipment 31,000 net Income 2,468,358 How do you calculate Income Tax using? What are the permanent differences and the temporary differences? What is the deferred tax liability? Additional information: Tax Rate = 21% Officer's Life Insurance premiums = $6,500 Nondeductible meals and Entertainment = $25,200 Company uses Straight Line depreication for GAAP = $2,625,176 depreciation expense 2020 Company uses Double Decline Balance for Tax = $1,170,506 depreciation expense 2020
Current Assets Cash A/R Inventory Total Net Plant & Equip Total Assets Tomson Corporation 2013 and 2014 Statement of Financial Position Assets 2013 $ 8,436 21,530 38.760 $ 68,726 $ 226.706 $295,432 2014 $ 10,157 23,406 42.650 $ 76,213 Current Liabilities A/P Notes Payable Total 1. The current ratio for each year 2. The quick ratio for each year Long-term Debt Owner's Equity Common Stock & Paid-in Surplus Retained Earnings $248,306 Total Total Liabilities & $324,519 Owners Equity Liabilities 3. The cash ratio for each year 4. The NWC to total assets ratio for each year 2013 5. The debt-equity ratio and the equity multiplier for each year 6. The total debt ratio and the long-term debt ratio for each year Round all answers to 2 decimal places. $ 43,050 18.384 $61.434 $ 25.000 $ 40,000 168.998 $ 208,998 $ 295,432 2014 1. Prepare: The 2014 combined common-size, common-base year statement of financial position for Tomson. Round your intermediate calculations to 2 decimal places…
e and Environment of Financial Management The Congo Mining Company Income Statement for Years Ending 12/31/2017 and 12/31/2018 2018 2017 $1,650 $1.300 950 $ 700 $ 45 Sales 750 Cost of goods sold $ 550 Gross profit %24 35 Operating expenses 255 265 Depreciation expense $ 45 Operating profits $ 285 65 $ 380 Interest expense 55 Profit before taxes $ 230 46 76 Taxes (20%) Net income $ 184 $ 304 * 15% of sales are cash sales, with the remaining 85% being credit sales. 4-10. (Evaluating current and proforma profitability) (Financial ratios-investment anal- ysis) The annual sales for Saudi Aramco Corporation were $4.7 million last year. All sales are on credit. The firm's end-of-year balance sheet was as follows: Current assets $ 520,000 Liabilities $1,200,000 Net fixed assets 1.600,000 Owners' equity 920,000 $2.120,000 $2.120.000 The firm's income statement for the year was as follows: Sales $ 4.550,000 Less cost of goods sold (3,560,000) $ 990,000 Gross profit Less operating expenses…

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