Kimbi Limited had the following items on its balance sheet at the beginning of theyear:AssetsCashProperty Plant &EquipmentLiabilities andequity$50,000 Debt$350,000Equity$100, 000$300,000The net profit this year is $20, 000 with a dividend of $5, 750. 1) If grown at its sustainable growth rate, what are the firm's assets at the end ofthe year? $(Give answer to nearest dollar)2) How much debt would the firm have at the end of the year? $nearest dollar)3) How much equity would the firm have at the end of year? $answer to nearest dollar)4) What would be the year-end debt equity ratio?to 2 decimal places)(Give answer to(Give% (Give as percentage

Given Information: Cash - $50,000Property Plant & Equipment - $350,000Debt - $100,000Equity -…

Answered: Kimbi Limited had the following items…

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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A firm’s balance sheets for the last two years are as follows: YEAR 20X1 Assets Liabilities and Equity Cash $ 8,000 Accounts payable $ 15,000 Accruals 13,000 Accounts receivable 9,000 Current bank note 14,000 Inventory 20,000 Long-term debt 64,000 Plant and equipment 103,000 Common stock 15,000 Retained earnings 19,000 $ 140,000 $ 140,000 YEAR 20X2 Assets Liabilities and Equity Cash $ 4,000 Accounts payable $ 10,000 Accruals 8,000 Accounts receivable 13,000 Current bank note 14,000 Inventory 20,000 Long-term debt 71,000 Plant and equipment 103,000 Common stock 17,000 Retained earnings 20,000 $ 140,000 $ 140,000 Sales in 20X1 were $225,000. Sales in 20X2 were $225,000. Based solely on the current ratio and the quick ratio, has the firm’s liquidity position deteriorated or improved? Round your answers to two decimal places.…
The following information relates to the operations of Branded Ltd. The net profit after tax was $1,000,000. The company distributed ordinary dividends of $600,000 to its shareholders. Over the year, weighted average number of ordinary shares were 2,000,000. Ordinary shares are currently selling for $8.00 per share. What is the price-earnings ratio of the company? 12 times 20 times 15 times 16 times
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The balance sheet for Garcon Inc. at the end of the current fiscal year indicated the following: Bonds payable, 6% $1,500,000 Preferred $5 stock, $50 par $182,000 Common stock, $12 par $163,800.00 Income before income tax was $342,000, and income taxes were $50,800 for the current year. Cash dividends paid on common stock during the current year totaled $43,680. The common stock was selling for $160 per share at the end of the year. Determine each of the following. Round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. Use the rounded answers for subsequent requirements, if required. a. Times interest earned ratio fill in the blank 1 times b. Earnings per share on common stock $fill in the blank 2 c. Price-earnings ratio fill in the blank 3 d. Dividends per share of common stock $fill in the blank 4 e. Dividend yield
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Kimbi Limited had the following items on its balance sheet at the beginning of the year: Assets Cash Property Plant & Equipment $50,000 $ 350,000 Liabilities and equity Debt Equity $ 100, 000 $ 300,000 The net profit this year is $20, 000 with a dividend of $5, 750.