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One 1. Toby's forecasted 2021 financial statements follow, along wit me industry average ratios. Calculate Toby's 2021 forecasted ratios and fill in the above table. Calculate the EPS and DPS. The company has a 40% payout ratio. Forecasted Balance Sheet for 2021 Cash Accounts receivables Inventories Total current assets Land and building Machinery Other fixed assets Total assets Forecasted Income Statement for 2021 Sales $6,390,000 Cost of goods sold $5,580,000 Gross operating profit $ 810,000 General admin & selling expenses Depreciation Misc. Expenses Earnings before Taxes Taxes Net Income Industry Financial Ratios Quick Ratio Current Ratio Inventory Turnover AR Period Fixed Asset Turnover Total Asset Turnover Return on Assets Return on Equity Total Debt Ratio $ 72,000 $639,000 $ 994,000 $1,705,000 $ 338,000 $ 132,000 $ 61,000 $2,236,000 Profit Margin on Sales P/E Ratio $ 236,320 $ 159,000 $ 34,000 $ 380,680 $126,306 $ 254,374 2x 3x 8x 35 days 13x 2.6x 9.10% 20% 50% 5% 6x Accounts and notes payable Accruals Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Per-Share Data EPS DPS P/E Ratio Market price Number of shares outstanding Toby's Financial Ratios Quick Ratio Current Ratio Inventory Turnover Days Sales Outstanding Fixed Asset Turnover Total Asset Turnover Return on Assets Return on Equity Total Debt Ratio Profit Margin on Sales P/E Ratio $ 432,000 $ 170,000 $ 602,000 $ 604,290 $ 775,000 $ 254.710 $2,236,000 $ Ratio $ $ 50.00 20,000 1.18 2.83 5.61

One 1. Toby's forecasted 2021 financial statements follow, along wit me industry average ratios. Calculate Toby's 2021 forecasted ratios and fill in the above table. Calculate the EPS and DPS. The company has a 40% payout ratio. Forecasted Balance Sheet for 2021 Cash Accounts receivables Inventories Total current assets Land and building Machinery Other fixed assets Total assets Forecasted Income Statement for 2021 Sales $6,390,000 Cost of goods sold $5,580,000 Gross operating profit $ 810,000 General admin & selling expenses Depreciation Misc. Expenses Earnings before Taxes Taxes Net Income Industry Financial Ratios Quick Ratio Current Ratio Inventory Turnover AR Period Fixed Asset Turnover Total Asset Turnover Return on Assets Return on Equity Total Debt Ratio $ 72,000 $639,000 $ 994,000 $1,705,000 $ 338,000 $ 132,000 $ 61,000 $2,236,000 Profit Margin on Sales P/E Ratio $ 236,320 $ 159,000 $ 34,000 $ 380,680 $126,306 $ 254,374 2x 3x 8x 35 days 13x 2.6x 9.10% 20% 50% 5% 6x Accounts and notes payable Accruals Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Per-Share Data EPS DPS P/E Ratio Market price Number of shares outstanding Toby's Financial Ratios Quick Ratio Current Ratio Inventory Turnover Days Sales Outstanding Fixed Asset Turnover Total Asset Turnover Return on Assets Return on Equity Total Debt Ratio Profit Margin on Sales P/E Ratio $ 432,000 $ 170,000 $ 602,000 $ 604,290 $ 775,000 $ 254.710 $2,236,000 $ Ratio $ $ 50.00 20,000 1.18 2.83 5.61

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
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Toby’s forecasted 2021 financial statements follow, along with some industry average ratios.  Calculate Toby’s 2021 forecasted ratios and fill in the above table.  Calculate the EPS and DPS.  The company has a 40% payout ratio.  

Please provide the solutions for the EPS, DPS, Days Sales Outstanding, Fixed Asset Turnover, Total Asset Turnover, Return on Assets, Return on Equity, Total Debt Ratio, Profit Margin on Sales, P/E Ratio.

 

1. Toby's forecasted 2021 financial statements follow, along wit One me industry average ratios. Calculate Toby's 2021 forecasted ratios and fill in the above table. Calculate the EPS and DPS. The company has a 40% payout ratio. Forecasted Balance Sheet for 2021 Cash Accounts receivables Inventories Total current assets Land and building Machinery Other fixed assets Total assets Forecasted Income Statement for 2021 $6,390,000 $5,580,000 $ 810,000 Cost of goods sold Gross operating profit General admin & selling expenses Depreciation Misc. Expenses Earnings before Taxes Taxes Net Income Industry Financial Ratios Quick Ratio Current Ratio $ 72,000 $ 639,000 $ 994,000 $1,705,000 $ 338,000 $ 132,000 $ 61,000 $2,236,000 Inventory Turnover AR Period Fixed Asset Tumover Total Asset Turnover Return on Assets Return on Equity Total Debt Ratio Profit Margin on Sales P/E Radio $ 236,320 $ 159,000 $ 34,000 $ 380,680 $ 126,306 $ 254,374 2x 35 days 13x 2.5x 9.10% 50%6 586 6x Accounts and notes payable Accruals Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Per-Share Data EPS DPS P/E Ratio Market price Number of shares outstanding Toby's Financial Ratios Quick Ratio Current Ratio Inventory Turnover Days Sales Outstanding Fixed Asset Turnover Total Asset Turnover Return on Assets Return on Equity Total Debt Ratio Profit Margin on Sales P/E Ratio $ 432,000 $ 170,000 $ 602,000 $ 604,290 $ 775,000 $ 254,710 $2,236,000 $ 20,000 Ratio 1.18
Transcribed Image Text:1. Toby's forecasted 2021 financial statements follow, along wit One me industry average ratios. Calculate Toby's 2021 forecasted ratios and fill in the above table. Calculate the EPS and DPS. The company has a 40% payout ratio. Forecasted Balance Sheet for 2021 Cash Accounts receivables Inventories Total current assets Land and building Machinery Other fixed assets Total assets Forecasted Income Statement for 2021 $6,390,000 $5,580,000 $ 810,000 Cost of goods sold Gross operating profit General admin & selling expenses Depreciation Misc. Expenses Earnings before Taxes Taxes Net Income Industry Financial Ratios Quick Ratio Current Ratio $ 72,000 $ 639,000 $ 994,000 $1,705,000 $ 338,000 $ 132,000 $ 61,000 $2,236,000 Inventory Turnover AR Period Fixed Asset Tumover Total Asset Turnover Return on Assets Return on Equity Total Debt Ratio Profit Margin on Sales P/E Radio $ 236,320 $ 159,000 $ 34,000 $ 380,680 $ 126,306 $ 254,374 2x 35 days 13x 2.5x 9.10% 50%6 586 6x Accounts and notes payable Accruals Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Per-Share Data EPS DPS P/E Ratio Market price Number of shares outstanding Toby's Financial Ratios Quick Ratio Current Ratio Inventory Turnover Days Sales Outstanding Fixed Asset Turnover Total Asset Turnover Return on Assets Return on Equity Total Debt Ratio Profit Margin on Sales P/E Ratio $ 432,000 $ 170,000 $ 602,000 $ 604,290 $ 775,000 $ 254,710 $2,236,000 $ 20,000 Ratio 1.18
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