Income Statement as of Decembe EBITDA Depreciation and Amortization Interest Taxes 40% Net Income Other Information WACC Number of common shares outstanding Price per share What was 2014 EVA? 420,000.0 49,000.0 36,400.0 133,840.0 200,760.0 2014 22.80% 14,000 $88.50
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- Payout Ratio and Book Value per Share Divac Company has developed a statement of stockholders' equity for the year 2017 as follows: Preferred Stock Paid-InCapital—Preferred Common Stock Paid-InCapital—Common Retained Earnings Balance, Jan. 1 $100,000 $50,000 $400,000 $40,000 $200,000 Stock issued 100,000 10,000 Net income 68,000 Cash dividend -32,000 Stock dividend 10,000 5,000 -15,000 Balance, Dec. 31 $110,000 $55,000 $500,000 $50,000 $221,000 Divac’s preferred stock is $100 par, 8% stock. If the stock is liquidated or redeemed, stockholders are entitled to $120 per share. There are no dividends in arrears on the stock. The common stock has a par value of $4 per share. Assume that the common stockholders have a right to the total net income of $68,000. Required: 1. Determine the dividend payout ratio for the common stock. Round the payout ratio to four decimal places, but enter as a percentage to two decimal places. For example, .34678…Corporations: Organization, Stock Transactions, and Dividend Samuels, Inc. reported net income for 2011 is $105,000. During 2011 the company had 5,000 shares of $100 par, 5% preferred stock and 20,000 of $5 par common stock outstanding. Samuel 75. earnings per share for 2011 is $4.00 b. $5.25 a. $6.50 d. $5.00 c. OBJ: LO: 13-08 DIF: KEY: Bloom's: Application Moderate ANS: A PTS: 1 BUSPROG: Analytic NAT: 76. Sabas Company has 20.000 shares ofSIONPayout Ratio and Book Value per Share Divac Company has developed a statement of stockholders' equity for the year 2017 as follows: Paid-In Paid-In Preferred Capital- Common Capital- Retained Stock Preferred Stock Common Earnings Balance, Jan. 1 $100,000 $50,000 $400,000 $40,000 $200,000 Stock issued 100,000 10,000 Net income 65,000 Cash dividend -31,000 Stock dividend 10,000 5,000 -15,000 Balance, Dec. 31 $110,000 $55,000 $500,000 $50,000 $219,000 Divac's preferred stock is $100 par, 8% stock. If the stock is liquidated or redeemed, stockholders are entitled to $120 per share. There are no dividends in arrears on the stock. The common stock has a par value of $2 per share. Assume that the common stockholders have a right to the total net income of $65,000. Required: 1. Determine the dividend payout ratio for the common stock. Round the payout ratio to four decimal places, but enter as a percentage to two decimal places. For example, .34678 rounds to .3468 and would be entered as…
- Profit margin Capital intensity ratio Debt-equity ratio Net income Dividends 8.8% 49 64 -$99,000 $46,000 Based on the above information, calculate the sustainable growth rate for Northern Lights Co. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.32.16) Sustainable growth aThe Market Cap of a company with 1,700,000 shares outstanding and a market price per share of $25 is indeterminable $42.5 MM 7 MM divided by 25 or 68,000 $52.5 MMFinancial statement data for the years ended December 31 for Black Bull Inc. follow: 20Y6 20Y5Net income $2,485,700 $1,538,000Preferred dividends $50,000 $50,000Average number of common shares outstanding 115,000 shares 80,000 sharesa. Determine the earnings per share for 20Y6 and 20Y5.b. Does the change in the earnings per share from 20Y5 to 20Y6 indicate a favorable or unfavorable trend?
- QUESTION 6 Southeast Systems has the following balance sheet and the income statement. The company had 10 million shares of common stock outstanding and its market price of the common stock was $78 at the end of 2014. Make sure the unit is in million dollars. (unit: $ in millions) Southeast Systems Balance Sheets 2013 2014 2013 2014 Cash $50 $100 Accounts payable $450 $500 Accounts receivable 600 700 Notes payable 300 400 Inventory 500 550 Long-term debt 650 650 Net fixed assets 1,000 1,000 Common equity 300 300 Retained earnings 450 500 Total Assets $2,150 $2,350 Total Liabilities & Owner’s Equity $2,150 $2,350 Income Statement 2014 Sales $2,370 Cost of goods sold 2,070 Depreciation 200 EBIT 100 Interest expenses 20 Taxable income 80 Taxes 28 Net income $52 Dividends $2 (1) What is the…Payout Ratio and Book Value per Share Divac Company has developed a statement of stockholders' equity for the year 2017 as follows: Preferred Stock Paid-InCapital—Preferred Common Stock Paid-InCapital—Common Retained Earnings Balance, Jan. 1 $100,000 $50,000 $400,000 $40,000 $200,000 Stock issued 100,000 10,000 Net income 65,000 Cash dividend -46,000 Stock dividend 10,000 5,000 -15,000 Balance, Dec. 31 $110,000 $55,000 $500,000 $50,000 $204,000 Divac’s preferred stock is $100 par, 8% stock. If the stock is liquidated or redeemed, stockholders are entitled to $120 per share. There are no dividends in arrears on the stock. The common stock has a par value of $10 per share. Assume that the common stockholders have a right to the total net income of $65,000. Required: 1. Determine the dividend payout ratio for the common stock. Round the payout ratio to four decimal places, but enter as a percentage to two decimal places. For example, .34678…Understanding EPS CalculationsOn its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share.Fill in the missing information. Rounding instruction: Round answer a. to two decimal places.Round answer b., c., & d. to the nearest million.Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013 Net income $16,388 $4,833 d. Answer Preferred stock dividends $1,483 b. Answer $1,349 Net income applicable to common shareholders $14,905 c. Answer $11,072 Average common shares outstanding 10,462.282 10,527.818 e. Answer Basic earnings per share a. Answer $0.38 $0.94
- from the given information calculate EFS and P/E ratio Net Income : 5,00,000 8% prference share 2,00,000 number of outstanding shares :75000 market price = 50 RS per shareRefine Assumptions for Dividend and Retained Earnings Forecast Provided below is FY2016 information for Medtronic PLC. Medtronic plc Consolidated Statement of Income ($ millions) Apr. 29, 2016 Net sales $29,277 Costs and expenses Cost of products sold 9,142 Research and development expenses 2,224 Selling, general, and administrative expense 9,469 Special charges (gains), net 70 Restructuring charge, net 290 Certain litigation charges, net 26 Acquisition-related items 283 Amortization of intangiable assets 1,931 Other expense, net 107 Operating profit 5,735 Interest expense, net 955 Income from operations before income taxes 4,780 Provision for income taxes 908 Net income $3,872 Medtronic plc Consolidated Balance Sheet ($ millions) Apr. 29, 2016 Apr. 24, 2015 Current assets Cash and cash equivalents $2,975 $4,942 Investments 9,758 14,637 Accounts receivable 5,562 5,112 Inventories 3,473 3,463 Tax assets 697 1,335 Prepaid expenses and other current assets…Blum Co. has the following balance sheet: 2023 $18,000 17,500 16,000 13,000 19,000 (12,000) Cash A/R Inventory L/T Investments Equipment Accum Depr A/P Accrued expenses Bonds Payable Common Stock Retained Earnings $69,000 47,000 22,000 11,500 $10,500 $12,000 2,000 14,000 19,000 24,500 The condensed income statement for 2023 is as follows: Sales COGS Gross Profit Operating expenses Net Income Additional Data: Equipment was bought for cash. Investments were sold at book value. Dividends of 5,000 were paid in cash. Stock was issued for cash. Bonds were retired for cash. 2022 $11,500 13,000 19,000 14,000 17,000 (11,500) $ 9,000 3,000 15,000 17,000 19,000 Prepare a Statement of Cash Flows (Indirect Method).for 2023. The stmt of CF must be presented in proper format. SHOW ALL COMPUTATIONS.
