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 STATEMENTSNet salesCOGS (excl. depr.)DepreciationOther operating expensesEBITInterest expensePre-tax earningsTaxes (40%)NI before pref. div.Preferred div.Net incomeOther DataCommon dividendsAddition to RETax rateShares of common stockEarnings per shareDividends per sharePrice per share2014$ 4,7603,560170480$550100$450180$2708$ 262$48$21440%50$5.24$0.96$40.00BALANCE SHEETS2015 Assets5,000Cash3,800ST Investments200 Accounts receivable500Inventories$500Total CA120Net PP&E$ 380Total assets152$228 Liabilities and equity8Accounts payable$220AccrualsNotes payableTotal CLLong-term bonds$50$170Total liabilities40%Preferred stock50Common stock$4.40Retained earnings$1.00Total common equityTotal liabs. & equity$27.00$2014$6040380820$ 1,3001,700$ 3,000$$1,000$ 1,600100500800$ 1,300$ 3,0002015505001,000$ 1,5502,000$ 3,5502003002807801,200$ 1,980100500970$ 1,470$ 3,550$190 $280130600 $

Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

INCOME STATEMENTS Net sales COGS (excl. depr.) Depreciation Other operating expenses EBIT Interest expense Pre-tax earnings Taxes (40%) NI before pref. div. Preferred div. Net income Other Data Common dividends Addition to RE Tax rate Shares of common stock Earnings per share Dividends per share Price per share 2014 $ 4,760 3,560 170 480 550 100 450 180 270 8 S 262 $48 $214 40% 50 $5.24 $0.96 $40.00 S S S $5,000 3,800 200 500 500 120 380 Total assets 152 228 Liabilities and equity 8 Accounts payable 220 Accruals Notes payable Total CL Long-term bonds Total liabilities $50 $170 40% Preferred stock 50 $4.40 $1.00 $27.00 S S S BALANCE SHEETS 2015 Assets Cash ST Investments Accounts receivable Inventories Total CA Net PP&E S Common stock Retained earnings Total common equity Total liabs. & equity 2014 60 50 40 380 500 820 1,000 $ 1,300 $ 1,550 1,700 2,000 $ 3,000 $ 3,550 S 190 S 200 280 300 130 S 600 280 780 1,200 1,000 $ 1,600 $ 1,980 100 100 500 500 800 970 $ 1,300 $ 1,470 $3,000 $ 3,550 S 2015 S

INCOME STATEMENTS Net sales COGS (excl. depr.) Depreciation Other operating expenses EBIT Interest expense Pre-tax earnings Taxes (40%) NI before pref. div. Preferred div. Net income Other Data Common dividends Addition to RE Tax rate Shares of common stock Earnings per share Dividends per share Price per share 2014 $ 4,760 3,560 170 480 550 100 450 180 270 8 S 262 $48 $214 40% 50 $5.24 $0.96 $40.00 S S S $5,000 3,800 200 500 500 120 380 Total assets 152 228 Liabilities and equity 8 Accounts payable 220 Accruals Notes payable Total CL Long-term bonds Total liabilities $50 $170 40% Preferred stock 50 $4.40 $1.00 $27.00 S S S BALANCE SHEETS 2015 Assets Cash ST Investments Accounts receivable Inventories Total CA Net PP&E S Common stock Retained earnings Total common equity Total liabs. & equity 2014 60 50 40 380 500 820 1,000 $ 1,300 $ 1,550 1,700 2,000 $ 3,000 $ 3,550 S 190 S 200 280 300 130 S 600 280 780 1,200 1,000 $ 1,600 $ 1,980 100 100 500 500 800 970 $ 1,300 $ 1,470 $3,000 $ 3,550 S 2015 S

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Question

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
Net sales
COGS (excl. depr.)
Depreciation
Other operating expenses
EBIT
Interest expense
Pre-tax earnings
Taxes (40%)
NI before pref. div.
Preferred div.
Net income
Other Data
Common dividends
Addition to RE
Tax rate
Shares of common stock
Earnings per share
Dividends per share
Price per share
2014
$ 4,760
3,560
170
480
$
550
100
$
450
180
$
270
8
$ 262
$48
$214
40%
50
$5.24
$0.96
$40.00
BALANCE SHEETS
2015 Assets
5,000
Cash
3,800
ST Investments
200 Accounts receivable
500
Inventories
$
500
Total CA
120
Net PP&E
$ 380
Total assets
152
$
228 Liabilities and equity
8
Accounts payable
$
220
Accruals
Notes payable
Total CL
Long-term bonds
$50
$170
Total liabilities
40%
Preferred stock
50
Common stock
$4.40
Retained earnings
$1.00
Total common equity
Total liabs. & equity
$27.00
$
2014
$
60
40
380
820
$ 1,300
1,700
$ 3,000
$
$
1,000
$ 1,600
100
500
800
$ 1,300
$ 3,000
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
$
190 $
280
130
600 $

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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…
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