LOWE'SBalance Sheets(in millions)Fiscal 2013Fiscal 2012Amount Percent Amount PercentAssetsCurrent AssetsCashS 3911.2%$ 5411.7%Short-term Investments1850.61250.4Inventory9.12727.98,60026.3Other Current Assets5931.8S181.6Property and Equipment, NetOther Assets20.83463.621.47765.71.602$32.7321405S32.666 100,0%4.94.3Total Assets100.0%Liabilities and Stockholders' EquityCurrent LiabilitiesS 8.87627.1%$ 7,70823.6%Long-term Liabilities1200336.711.10134.0Total Liabilities20.87963.818.80957.611.853$3273236.2Stockholders' EquityTotal Liabilities and Stockholders' Equity13,85742.4J00.0%$32,666 100.0%LOWE'SIncome Statements(in millions)Fiscal 2013Fiscal 2012AmountPercentAmountPercentNet Sales Revenue$53,417100.0%$50,521100.0%Cost of Sales34,94165.433,19417,32765.7Gross Profit18,47634.634.314,32726.827.3Operating and Other ExpensesInterest ExpenseIncome Tax Expense13,7674760.94230.81.3872.61,178$ 1,9592.3Net Income$ 2,2864.3%3.9%Question: Please calculate the Price/Earning Ratio by showing the manual calculation

Price/Earning Ratio = Share Price/Earnings per share Generally, the Market price per share is taken…

LOWE'S Balance Sheets (in millions) Fiscal 2013 Fiscal 2012 Amount Percent Amount Percent Assets Current Assets Cash S 391 1.2% $ 541 1.7% Short-term Investments 185 0.6 125 0.4 Inventory 9.127 27.9 8,600 26.3 Other Current Assets 593 1.8 S18 1.6 Property and Equipement, Net Other Assets 20.834 1,602 S32.732 63.6 21.477 65.7 4.9 100.0% 1,405 4.3 Total Assets $32.666 100.0% Liabilities and Stockholders' Equity S 8876 12.003 Current Liabilities 27.1% $ 7,708 23.6 Long-term Liabilities 36,7 11.101 34.0 Total Liabilities 20.879 63,8 18.809 57.6 Stockholders' Equity Total Liabilities and Stockholders' Equity 11853 S32.732 36.2 13,857 42.4 100.0% $32,666 100.0% LOWE'S Income Statements (in millions) Fiscal 2013 Fiscal 2012 Amount Percent Amount Percent Net Sales Revenue $53,417 100.0% $50,521 100.0% Cost of Sales Gross Profit 34.941 18,476 33,194 17,327 65.4 65.7 34.6 34.3 Operating and Other Expenses Interest Expense Income Tax Expense 14,327 26.8 13,767 27.3 476 0.9 423 0.8 1.387 2.6 1,178 2.3 Net Income 2,286 4.3% $ 1,959 3.9% Question: Please calculate the Price/Earning Ratio by showing the manual calculation

LOWE'S Balance Sheets (in millions) Fiscal 2013 Fiscal 2012 Amount Percent Amount Percent Assets Current Assets Cash S 391 1.2% $ 541 1.7% Short-term Investments 185 0.6 125 0.4 Inventory 9.127 27.9 8,600 26.3 Other Current Assets 593 1.8 S18 1.6 Property and Equipement, Net Other Assets 20.834 1,602 S32.732 63.6 21.477 65.7 4.9 100.0% 1,405 4.3 Total Assets $32.666 100.0% Liabilities and Stockholders' Equity S 8876 12.003 Current Liabilities 27.1% $ 7,708 23.6 Long-term Liabilities 36,7 11.101 34.0 Total Liabilities 20.879 63,8 18.809 57.6 Stockholders' Equity Total Liabilities and Stockholders' Equity 11853 S32.732 36.2 13,857 42.4 100.0% $32,666 100.0% LOWE'S Income Statements (in millions) Fiscal 2013 Fiscal 2012 Amount Percent Amount Percent Net Sales Revenue $53,417 100.0% $50,521 100.0% Cost of Sales Gross Profit 34.941 18,476 33,194 17,327 65.4 65.7 34.6 34.3 Operating and Other Expenses Interest Expense Income Tax Expense 14,327 26.8 13,767 27.3 476 0.9 423 0.8 1.387 2.6 1,178 2.3 Net Income 2,286 4.3% $ 1,959 3.9% Question: Please calculate the Price/Earning Ratio by showing the manual calculation

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Given the following financial statement information: $ in millions Income Statement Net Income: $559 Depreciation Expense: $55 Balance Sheet Dec. 31, 2022 Accounts Receivable $38 Total Inventory $122 Accounts Payable $79 Calculate the cash from operating activities. Your Answer: Dec. 31, 2023 $64 $152 $108
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Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.
Consolidated Balance Sheets ($ in thousands) January 31, 2016 January 31, 2015 CURRENT ASSETS Cash $ 37,243 $ 29,129 Accounts receivable (Note 5) 79,373 72,506 Inventories (Note 6) 211,736 204,812 Prepaid expenses 7,229 9,393 335,581 315,840 NON-CURRENT ASSETS Property and equipment (Note 7) 345,881 311,692 Goodwill (Note 8) 37,260 33,653 Intangible assets (Note 8) 32,610 22,485 Deferred tax assets (Note 9) 29,040 28,074 Other assets (Note 10) 13,423 12,555 458,214 408,459 TOTAL ASSETS $ 793,795 $ 724,299 CURRENT LIABILITIES Accounts payable and accrued liabilities $ 152,136 $ 138,834 Current portion of long-term debt (Note 11) — 6,271 Income tax payable 3,365 1,170 155,501 146,275 NON-CURRENT LIABILITIES Long-term debt (Note 11) 225,489 195,125 Defined benefit plan obligation (Note 12) 33,853 36,556 Deferred tax liabilities (Note 9) 2,630 2,392 Other long-term liabilities 18,710 14,668 280,682 248,741 TOTAL…
Prepare a classified balance sheet as of December 31, 2022 Cash 49104 Accounts Receivable 44880 Inventory 19976 Land 57200 Buildings 83600 Equipment 35200 Accumulated Dep-Buildings 29040 Accumulated Dep-Equipment 15840 Account Payable 16984 Interest Payable 4400 Dividends Payable 5900 Unearned Rent Revenue 1760 Bonds Payable 44000 Preferred Stock 17600 Paid-in Capital in Excess of Par-Preferred Stock 1760 Common Stock 35200 Paid-in Capital in Excess of Par-Common Stock 16720 Retained Earnings 66044 Treasury Stock 12936 Cash Dividends 5940 Sales Revenue 501600 Rent Revenue 5280 Bad Debt Expense 4092 Interest Expense 4400 Cost of Goods Sold 352000 Depreciation Expense 5808 Other Operating Expenses 34320 Salaries and Wages Expenses 57200 766656 766656
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Question Content Area Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $33,234 Accounts receivable 67,995 Accrued liabilities 6,510 Cash 22,738 Intangible assets 35,347 Inventory 83,390 Long-term investments 101,069 Long-term liabilities 79,156 Notes payable (short-term) 27,161 Property, plant, and equipment 689,074 Prepaid expenses 2,037 Temporary investments 30,842 Based on the data for Harding Company, what is the quick ratio (rounded to one decimal place)? a.3.1 b.0.8 c.1.8 d.15.4
am. 157.
Given the following financial statement information: $ in millions Income Statement Net Income: $578 Depreciation Expense: $50 Balance Sheet Accounts Receivable Total Inventory Dec. 31, 2022 $38 $112 Accounts Payable $85 Calculate the cash from operating activities. Dec. 31, 2023 $63 $157 $108
Accounts payable 919 Accounts receivable 631 Accumulated depreciation 1,813 Cash 729 Common stock 1,387 Cost of goods sold 7,578 Current portion of long-term debt 24 Depreciation expense 108 Dividends 13 Goodwill and other long-term assets 2,627 Income tax expense 24 Income taxes payable 12 Interest expense 54 Interest revenue 11 Inventories 930 Long-term liabilities 1,585 Prepaid expenses and other current assets 65 Property and equipment 2,389 Retained earnings 825 Sales 9,710 Selling, general, and administrative expenses 2,276 Unearned revenue 990 Wages payable 148 Prepare the balance sheet.
Am. 359.
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