meworkData for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, thenumber of shares is shown in thousands too.Barry Computer Company:Balance Sheet as of December 31, 2021 (in thousands)Cash$ 53,300Accounts payable$ 117,260ReceivablesInventories405,080266,500Other current liabilitiesNotes payable to bank85,28085,280Total current assets$ 724,880Total current liabilities$ 287,820Long-term debtNet fixed assetsTotal assets341,120$1,066,000Common equity (47,970 shares)298,480479,700Total liabilities and equity$1,066,000Barry Computer Company:Income Statement for Year Ended December 31, 2021 (in thousands)SalesCost of goods soldMaterialsLaborHeat, light, and power$861,000553,500123,000205,000$2,050,000Indirect laborGross profit1,742,500Selling expensesGeneral and administrative expenses$ 307,500102,50020,500Depreciation102,500Earnings before interest and taxes (EBIT)82,000Interest expense20,894Earnings before taxes (EBT)61,106

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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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Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, the number of shares is shown in thousands too. Barry Computer Company: Balance Sheet as of December 31, 2021 (in thousands) Accounts payable Other current liabilities $ 144,050 475,365 417,745 $1,037,160 Notes payable to bank Total current liabilities Long-term debt Common equity (72,025 shares) Total liabilities and equity Cash Receivables Inventories Total current assets Net fixed assets Total assets Barry Computer Company: Income Statement for Year Ended December 31, 2021 (in thousands) Sales $2,150,000 Cost of goods sold Materials Labor Heat, light, and power Indirect labor Gross profit Selling expenses General and administrative expenses 403,340 $1,440,500 Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Federal and state income taxes (25%) Net…
Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, the number of shares is shown in thousands too. Barry Computer Company: Balance Sheet as of December 31, 2021 (in thousands) Accounts payable Other current liabilities $ 144,050 475,365 417,745 $1,037,160 Notes payable to bank Total current liabilities Cash Receivables Inventories Total current assets Net fixed assets Total assets Sales Cost of goods sold Materials Barry Computer Company: Income Statement for Year Ended December 31, 2021 (in thousands) $2,150,000 Labor Heat, light, and power Indirect labor Gross profit Selling expenses General and administrative expenses 403,340 $1,440,500 Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Federal and state income taxes (25%) Net Income Earnings per share Price per share on December 31, 2021 Total assets…
Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, number of shares are shown in thousands too. Barry Computer Company: Balance Sheet as of December 31, 2019 (In Thousands) Cash $ 129,870 Accounts payable $ 158,730 Receivables 476,190 Other current liabilities 173,160 Inventories 432,900 Notes payable to bank 158,730 Total current assets $ 1,038,960 Total current liabilities $ 490,620 Long-term debt 418,470 Net fixed assets 404,040 Common equity (53,391 shares) 533,910 Total assets $ 1,443,000 Total liabilities and equity $ 1,443,000 Barry Computer Company:Income Statement for Year Ended December 31, 2019 (In Thousands) Sales $ 1,950,000 Cost of goods sold Materials $897,000 Labor 585,000 Heat, light, and power 117,000 Indirect…
Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, the number of shares is shown in thousands too. Barry Computer Company: Balance Sheet as of December 31, 2021 (in thousands) Cash $ 95,400 Accounts payable $ 209,880 Receivables 744,120 Other current liabilities 152,640 Inventories 496,080 Notes payable to bank 152,640 Total current assets $ 1,335,600 Total current liabilities $ 515,160 Long-term debt 496,080 Net fixed assets 572,400 Common equity (89,676 shares) 896,760 Total assets $ 1,908,000 Total liabilities and equity $ 1,908,000 Barry Computer Company:Income Statement for Year Ended December 31, 2021 (in thousands) Sales $ 2,650,000 Cost of goods sold Materials $1,113,000 Labor 795,000 Heat, light, and power 132,500…
Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, number of shares are shown in thousands too. Barry Computer Company: Balance Sheet as of December 31, 2018 (In Thousands) Cash $86,400 Accounts payable $259,200 Receivables 501,120 Other current liabilities 241,920 Inventories 397,440 Notes payable to bank 103,680 Total current assets $984,960 Total current liabilities $604,800 Long-term debt $362,880 Net fixed assets 743,040 Common equity (76,032 shares) 760,320 Total assets $1,728,000 Total liabilities and equity $1,728,000 Barry Computer Company:Income Statement for Year Ended December 31, 2018 (In Thousands) Sales $2,700,000 Cost of goods sold Materials $1,107,000 Labor 594,000 Heat, light, and power 189,000 Indirect labor 270,000…
Refer the following table. Cash Tia's Trampolines Inc. Comparative Balance Sheet Information November 30 (millions of $) Accounts receivable (net) Plant and equipment (net) Accounts payable Long-term notes payable Preferred shares 2023 $ 205 280 2022 $ 593 2021 $ 618 317 136 1,446 1,530 1,826 60 136 224 965 1,285 1,445 165 165 165 645 645 645 96 209 101 Connon shares Retained earnings The preferred shares are $0.50, non-cumulative 80 million preferred and 320 million common shares were issued and outstanding during each year. Net sales Tia's Trampolines Inc. Income Statement For Year Ended November 30 (millions of $) Cost of goods sold Gross profit Operating expenses: Depreciation expense Other expenses Total operating expenses Profit from operations Interest expense Income tax expense Profit 2023 2022 2021 $4,020 $6,340 $6,660 2,769 4,393 4,617 $1,251 $1,947 $2,843 $ 306 $ 306 $ 306 402 1,258 1,454 708 1,564 1,760 $ 543 $ 383 $ 283 68 157 87 109 97 74 $ 318 $187 $112 Required:…
Nikul
Here is a simplified balance sheet for Caterpillar Tractor: Caterpillar Tractor Balance Sheet ($ in millions) Current liabilities 46,838 Long-term debt Current assets $42,527 Long-term assets Total $89,365 Total Market value Market value added Other liabilities Equity Caterpillar has 660 million shares outstanding with a market price of $86 a share. a. Calculate the company's market value added. (Enter your answers in millions.) Market-to-book ratio Yes O No GA $ GA $29,752 27,755 14,323 17,535 $89,365 b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) million million c. Has the company created value for shareholders?
Here is a simplified balance sheet for Epicure Pizza (figures in $ millions): Assets Liabilities and Shareholders' Equity Current assets $ 120 Current liabilities $ 160 Fixed assets 118 Long term debt 28 Equity 50 Total $ 238 Total $ 238 Note: There are 10 million shares outstanding. Epicure shares are currently priced at $8 each. a. What value should be used for debt when calculating the firm's WACC? (Enter your answer in millions.)
The most recent balance sheet of Raconteurs, Inc., (in millions) is found here. Calculate Raconteurs’ current ration and acid-test (quick) ratio. Benchmark ratios for the current and acid-test (quick) ratio are 1.49 and 1.22 respectively. What can you say about the liquidity of Raconteur’s operations based on these two ratios?
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Please see the attachment for details: Instructions Determine the following measures for 20Y2, rounding to one decimal place, including percentages, except for per-share amounts:1. Working capital2. Current ratio3. Quick ratio4. Accounts receivable turnover5. Number of days’ sales in receivables6. Inventory turnover7. Number of days’ sales in inventory8. Ratio of fixed assets to long-term liabilities9. Ratio of liabilities to stockholders’ equity10. Times interest earned11. Asset turnover12. Return on total assets13. Return on stockholders’ equity14. Return on common stockholders’ equity15. Earnings per share on common stock16. Price-earnings ratio17. Dividends per share of common stock18. Dividend yield
The comparative Financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. InstructionsDetermine the following measures for 20Y2. Round to one decimal place, including percentages, except for per-share amounts, which should be rounded to the nearest cent.1. Working capital2. Current ratio 3- Quick ratio4. Accounts receivable turnover5. Number of days' sales in receivables6. Inventory turnover7. Number of days' sales in inventory8. Ratio of fixed assets to long-term liabilities 9- Ratio of liabilities to stockholders' equity10. Times interest earned11. Asset turnover12. Return on total assets13. Return on stockholders' equity14. Return on common stockholders' equity15. Earnings per share on common stock16. Price-earnings ratio17. Dividends per share of common stock18. Dividend yield

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