Net income: $180,000 Preferred dividends: $30,000 Interest expense: $90,000 Interest income: $20,000 Average total assets: $1,000,000 What is the rate earned on total assets? A. 25% B. 22% C. 28% D. 20%
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- Net Income Interest (Loss) $ 185, 000 179, 600 157, 250 188, 100 Expense $ 59,200 80, 820 Income Taxes a. $ 46, 250 b. 64, 656 66,045 90, 288 C. 44, 030 11, 286 d. Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Complete this question by entering your answers In the tabs below. Times Interest Interest Earned Ratio Coverage Compute times interest earned. Times Interest Earned Ratio Company Choose Numerator: Choose Denominator: Ratio %3D %3D times times times !! times !! Interest Coverage >What is Ella Company’s debt ratio? a. 25.78% d. 137.78% b. 100.00% e. 34.74% c. 74.22%Profits. What are the profits on the following investments, E? Enter a negative number for a loss. ..... Original Cost of Investment Selling Price of Investment Distributions Investment Received Dollar Profit/(Loss) CD $800 $860 $0 (Round to the nearest dollar.)
- 15. You work for the CEO of a new company that plans to manufacture and sell a new product, a watch that has an embedded TV set and a magnifying glass crystal. The issue now is how to finance the company, with only equity or with a mix of debt and equity. Expected operating income is $510,000. Other data for the firm are shown below. How much higher or lower will the firm's expected ROE be if it uses some debt rather than all equity, i.e., what is ROEL - ROEU? Do not round your intermediate calculations. 0% Debt, U 60% Debt, LCategory Prior Year Current Year Accounts payable ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,516.41 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,946.66 Interest expense 40,500 41,874.31 Inventories 279,000 288,000 Long-term debt 336,467.85 401,942.46 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,499.58 Retained earnings 306,000 342,000 Sales 639,000 854,554.01 Taxes 24,750 48,384.56 ??? What is the current year's return on equity (ROE)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign re rounded to 4 decimal places (ex: 0.0924))Category Prior Year Current Year Accounts payable 3,159.00 5,955.00 Accounts receivable 6,974.00 8,952.00 Accruals 5,771.00 6,100.00 Additional paid in capital 19,965.00 13,214.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,509.00 18,563.00 Current portion long-term debt 500 500 Depreciation expense 1,044.00 984.00 Interest expense 1,285.00 1,168.00 Inventories 3,015.00 6,719.00 Long-term debt 16,894.00 22,766.00 Net fixed assets 75,882.00 73,989.00 Notes payable 4,022.00 6,500.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,811.00 34,391.00 Sales 46,360 45,993.00 Taxes 350 920 What is the firm's cash flow from operations? Submit Answer format: Number: Round to: 0 decimal places. unanswered not_submitted Attempts Remaining: Infinity
- Cash Accounts receivable (net) Inventories Plant assets (net) Accounts payable Income taxes payable Bonds payable 10% Preferred stock, $50 par Common stock, $10 par -in capital in excess of par y Retained earnings Net credit sales Cost of goods sold Operating expenses Net income 1,500/7,200 1,300/7,200 2021 2020 $1,500,000 $1,000,000 o 1,500/8,000 1,300/8,000 December 31 " 1,600,000 2,600,000 7,000,000 1,100,000 200,000 1,400,000 2,000,000 2,400,000 1,600,000 4,000,000 12,800,000 8,400,000 2,900,000 1,500,000 67. The return on common stock holders' equity for 2021 is 1,200,000 2,200,000 6,500,000 800,000 100,000 Additional information: Depreciation included in cost of goods sold and operating expenses is $1,220,000. On May 1, 2021, 60,000 shares of common stock were issued. The preferred stock is cumulative. The preferred dividends were not declared during 2021. 1,400,000 2,000,000 1,800,000 1,300,000 3,500,000Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,571.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,035.00 Interest expense 40,500 42,155.00 Inventories 279,000 288,000 Long-term debt 339,577.00 401,377.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,171.00 Retained earnings 306,000 342,000 Sales 639,000 849,094.00 Taxes 24,750 47,192.00 What is the current year's entry for long-term debt on a common-sized balance sheet? (ROUND TO 4 DECIMAL PLACES.)Knowledge Check 01 Total Assets for a company are $700,000: Accounts Payable is $75,000, Bonds Payable is $225,000; Common Stock is $300,000 and Retained Earnings is $100,000. The common-size percent for Accounts Payable is 0933% 0933.3% - 10.7% - 100.7%
- current liabilities accounta payable $620,000 notes payables to bank $ 130,000 accrued wages.....? taxes owed $100,000 total current $1,250,000 long term debt..? stockholders equity ..? reaatained earnings..? coommon stock(1 par, 750,000 share authorized, 700,000 outstanding)..? ratained earning..? total stockholders equity $3,140,000 total liabilities and equity..?What is Ella Company’s equity ratio? a. 25.78% d. 74.22% b. 100.00% e. 137.78% c. 34.74%What is the weighted average duration assets?
