Given the following information, compute 2015 net income for Orson Company: Stockholders' Equity January 1 2015 = $120,000 Stockholders' Equity December 31, 2015 = $150,000 Stockholders investment during 2015 = $25,000 Dividends paid during 2015 = $38,000
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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.Calculate profitability measures The following information was available for the year ended December 31, 2016:Sales $ 400,000Net income 60,000Average total assets 1,000,000Average total stockholders' equity 600,000Dividends per share 2.40Earnings per share 6.00Market price per share at year-end 96.00Required:Calculate margin, turnover, and ROI for the year ended December 31, 2016.Calculate ROE for the year ended December 31, 2016.Calculate the price/earnings ratio for 2016.Calculate the dividend payout ratio for 2016.Calculate the dividend yield for 2016.Presented below are the comparative incomes and retained earnings statements for Blue Inc. for the years 2017 and 2018. 2018 2017 Sales $353,000 $276,000 Cost of sales 195,000 150,000 Gross profit 158,000 126,000 Expenses 89,600 49,100 Net income $68,400 $76,900 Retained earnings (Jan. 1) $121,500 $69,900 Net income 68,400 76,900 Dividends (30,800 ) (25,300 ) Retained earnings (Dec. 31) $159,100 $121,500 The following additional information is provided: 1. In 2018, Blue Inc. decided to switch its depreciation method from sum-of-the-years’ digits to the straight-line method. The assets were purchased at the beginning of 2017 for $102,500 with an estimated useful life of 4 years and no salvage value. (The 2018 income statement contains depreciation…
- The following amounts were taken from the financial statements of Blue Spruce Corp.: 2017 2016 Total assets $821000 $1017000 Net sales 744000 656000 Gross profit 366000 321000 Net income 111000 118000 Weighted average number of 97500 97500 common shares outstanding Market price of common stock $49 $46 The profit margin ratio for 2017 is 14%. 18%. 16%. 15%.Ratios Analyzing Firm Profitability The following information is available for Buhler Company: Annual Data 2013 2012 Net sales $8,700,000 $8,100,000 Gross profit on sales 3,053,000 2,736,000 Net income 667,600 588,000 Year-End Data Dec. 31, 2013 Dec. 31, 2012 Total assets $6,500,000 $6,100,000 Stockholders' equity 3,900,000 3,300,000 Calculate the following ratios for 2013: Note: Round answers to one decimal place, unless otherwise noted.a. Gross profit percentage Answer % b. Return on sales Answer % c. Asset turnover (Round answer to two decimal places.)Answer d. Return on assets Answer % e. Return on common stockholders' equity (Buhler Company has no preferred stock.) Answer %The following amounts were taken from the financial statements of Concord Corporation: 2017 2016 Total assets $818000 $1020000 Net sales 726000 655000 Gross profit 376000 332000 Net income 118000 130000 Weighted average number of 90200 80000 common shares outstanding Market price of common stock $42 $36 The return on assets for 2017 is 12%. 13%. 14%. 6%.
- Consider the following balance sheet for Go The Distance Trading Cards. Sales were $1,200,000 in the past year. Go The Distance Trading Cards Balance Sheet, 2013: Assets $ Current Assets $74,630.00 Net fixed Assets (Net PPE) $224,900.00 Total Assets $299,530.00 Liabilities and Shareholder Equity Current Liabilities $43,510.00 Long-term liabilities (Long term debt) $93,200.00 Total Liabilities $136,710.00 Shareholder equity $162,820.00 Total Liabilities and Shareholder Equity $299,530.00 What is the debt-to-asset ratio for this firm?A firm has the following accounts and financial data for 2014: Sales: $3060 - Accounts Receivable: $500 Interest Expense: $126 - Total Operating Expense: $600 - Accounts Payable: $240 - Cost of Goods Sold: $1800 Preferred Stock Dividends: $18 - Tax Rate: 40% - Number.of shares of common stock: 1,000. The firm's earnings available to common shareholders for 2014 is O a. $195.40 O b. $302.40 O c. -$224.25 O d. $516.60Selected financial information for CraneCorporation as of December are presented below. 2014 2013 Current assets $104,640 $80,080 Current liabilities 43,680 36,400 Stockholders’ equity 124,800 110,240 Total assets 312,000 280,800 Net sales and net income for 2014 were $468,000 and $37,440 respectively. Dividends of $4,160 were declared for common stockholders and $6,240for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity.Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 1. Return on assets enter percentages rounded to 2 demical places % 2. Profit margin enter percentages rounded to 2 demical places % 3. Payout ratio enter percentages rounded to 2 demical places % 4. Debt assets ratio enter percentages…
- The trend analysis report of Marswell, Inc. is given below (in millions): 2019 2018 2017 2016 2015 Net income $690 $604 $470 $404 $398 152% 118% 102% 100% Trend percentages 173% Which of the following is a correct conclusion from the above analysis? OA. Net income for 2017 has decreased by 118% over that for 2015. OB. Net income for 2017 has increased by 118% over that for 2015. OC. Net income for 2017 has decreased by 18% over that for 2015. O D. Net income for 2017 has increased by 18% over that for 2015.Selected financial information for CraneCorporation as of December are presented below. 2014 2013 Current assets $82,640 $63,140 Current liabilities 34,440 28,700 Stockholders’ equity 98,400 86,920 Total assets 246,000 221,400 Net sales and net income for 2014 were $369,000 and $29,520 respectively. Dividends of $3,280 were declared for common stockholders and $4,920for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity.Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 1. Return on assets enter percentages rounded to 2 demical places % 2. Profit margin enter percentages rounded to 2 demical places % 3. Payout ratio enter percentages rounded to 2 demical places % 4. Debt assets ratio enter percentages…Profitability ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 20Y6, and 20Y5: December 31 20Y7 December 31 20Y6 December 31 20Y5 Total assets $307,000 $277,000 $247,000 Notes payable (8% interest) 100,000 100,000 100,000 Common stock 40,000 40,000 40,000 Preferred 6% stock, $100 par (no change during year) Retained earnings 20,000 109,920 20,000 80,240 20,000 60,000 The 20Y7 net income was $30,880, and the 2016 net income was $21,440. No dividends on common stock were declared between 2015 and 2017. Preferred dividends were declared and paid in full in 2016 and 2017. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. When required, round your answers to one decimal place. 20Y7 20Y6 Return on total assets Return on stockholders' equity Return on common stockholders' equity % % % % % % b. The profitability ratios indicate…
