Homework Help is Here – Start Your Trial Now!
Business
Finance
mework 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 $ 53,300 Accounts payable $ 117,260 Receivables Inventories 405,080 266,500 Other current liabilities Notes payable to bank 85,280 85,280 Total current assets $ 724,880 Total current liabilities $ 287,820 Long-term debt Net fixed assets Total assets 341,120 $1,066,000 Common equity (47,970 shares) 298,480 479,700 Total liabilities and equity $1,066,000 Barry Computer Company: Income Statement for Year Ended December 31, 2021 (in thousands) Sales Cost of goods sold Materials Labor Heat, light, and power $861,000 553,500 123,000 205,000 $2,050,000 Indirect labor Gross profit 1,742,500 Selling expenses General and administrative expenses $ 307,500 102,500 20,500 Depreciation 102,500 Earnings before interest and taxes (EBIT) 82,000 Interest expense 20,894 Earnings before taxes (EBT) 61,106

mework 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 $ 53,300 Accounts payable $ 117,260 Receivables Inventories 405,080 266,500 Other current liabilities Notes payable to bank 85,280 85,280 Total current assets $ 724,880 Total current liabilities $ 287,820 Long-term debt Net fixed assets Total assets 341,120 $1,066,000 Common equity (47,970 shares) 298,480 479,700 Total liabilities and equity $1,066,000 Barry Computer Company: Income Statement for Year Ended December 31, 2021 (in thousands) Sales Cost of goods sold Materials Labor Heat, light, and power $861,000 553,500 123,000 205,000 $2,050,000 Indirect labor Gross profit 1,742,500 Selling expenses General and administrative expenses $ 307,500 102,500 20,500 Depreciation 102,500 Earnings before interest and taxes (EBIT) 82,000 Interest expense 20,894 Earnings before taxes (EBT) 61,106

Essentials Of Investments
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
See similar textbooks
icon
Related questions
Question
mework 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 $ 53,300 Accounts payable $ 117,260 Receivables Inventories 405,080 266,500 Other current liabilities Notes payable to bank 85,280 85,280 Total current assets $ 724,880 Total current liabilities $ 287,820 Long-term debt Net fixed assets Total assets 341,120 $1,066,000 Common equity (47,970 shares) 298,480 479,700 Total liabilities and equity $1,066,000 Barry Computer Company: Income Statement for Year Ended December 31, 2021 (in thousands) Sales Cost of goods sold Materials Labor Heat, light, and power $861,000 553,500 123,000 205,000 $2,050,000 Indirect labor Gross profit 1,742,500 Selling expenses General and administrative expenses $ 307,500 102,500 20,500 Depreciation 102,500 Earnings before interest and taxes (EBIT) 82,000 Interest expense 20,894 Earnings before taxes (EBT) 61,106
Transcribed Image Text:mework 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 $ 53,300 Accounts payable $ 117,260 Receivables Inventories 405,080 266,500 Other current liabilities Notes payable to bank 85,280 85,280 Total current assets $ 724,880 Total current liabilities $ 287,820 Long-term debt Net fixed assets Total assets 341,120 $1,066,000 Common equity (47,970 shares) 298,480 479,700 Total liabilities and equity $1,066,000 Barry Computer Company: Income Statement for Year Ended December 31, 2021 (in thousands) Sales Cost of goods sold Materials Labor Heat, light, and power $861,000 553,500 123,000 205,000 $2,050,000 Indirect labor Gross profit 1,742,500 Selling expenses General and administrative expenses $ 307,500 102,500 20,500 Depreciation 102,500 Earnings before interest and taxes (EBIT) 82,000 Interest expense 20,894 Earnings before taxes (EBT) 61,106
Expert Solution
steps

Step by step

Solved in 2 steps with 5 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS