Please do not give solution in image format thanku Wrofitability RatiosThe following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015:December 31Notes payable (0% interest)Common stockPreferred 4% stock, $100 par(he change during year)2017$245,00080,00032,00016,000Retained earnings2016$221,00080,00032,00016,000101,65070,71040,000The 2017 net income was $31,610, and the 2016 net income was $23,350. No dividends on common stock were declared between 2015 and 2017. Preferred dividenwere declared and paid in full in 2016 and 2017.a. Determine the return on total assets, the return on stockholders equity, and the return on common stockholders' equity for the years 2016 and 2017. Roundpercentages to one decimal place.20172015$197,00080,00032,00016,000Return on total assetsReturn on stockholders' equityReturn on common stockholders' equityb. The profitability ratios indicate that the company's profitability has improvedstockholders' equity in both years, there must be positive%2016Since the rate of return on total assets is less thanleverage from the use of debt.the return on

Return on total assets :— It is calculated by dividing income before interest by average total…

Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015: December 31 2016 $221,000 80,000 32,000 16,000 Notes payable (0% interest) Common stock Preferred 4 stock, $100 par the change during year) 2017 $245,000 80,000 32,000 16,000 Retained earnings 101,650 70,710 40,000 The 2017 net income was $31,610, and the 2016 net income was $23,350. No dividends on common stock were declared between 2015 and 2017. Preferred dividen were declared and paid in full in 2016 and 2017. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. Round percentages to one decimal place. 2017 2015 $197,000 80,000 32,000 16,000 Return on total assets Return on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that the company's profitability has improved stockholders' equity in both years, there must be positive % 2016 Since the rate of return on total assets is less than leverage from the use of debt. the return on

Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015: December 31 2016 $221,000 80,000 32,000 16,000 Notes payable (0% interest) Common stock Preferred 4 stock, $100 par the change during year) 2017 $245,000 80,000 32,000 16,000 Retained earnings 101,650 70,710 40,000 The 2017 net income was $31,610, and the 2016 net income was $23,350. No dividends on common stock were declared between 2015 and 2017. Preferred dividen were declared and paid in full in 2016 and 2017. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. Round percentages to one decimal place. 2017 2015 $197,000 80,000 32,000 16,000 Return on total assets Return on stockholders' equity Return on common stockholders' equity b. The profitability ratios indicate that the company's profitability has improved stockholders' equity in both years, there must be positive % 2016 Since the rate of return on total assets is less than leverage from the use of debt. the return on

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 16E

See similar textbooks

Similar questions

Debt Management and Short-Term Liquidity Ratios The following items appear on the balance sheet of Figgins Company at the end of 2018 and 2019: Required: Between 2018 and 2019, indicate whether Figgins debt to equity ratio increased or decreased. Also, indicate whether Figgins current ratio increased or decreased. Interpret these ratios.
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 2016, and 2015: * December 31 December 31 December 31 20Y7 20Y6 2015 Total assets $259,000 $233,000 $207,000 Notes payable (8% interest) 90,000 90,000 90,000 Common stock 36,000 36,000 36,000 - Preferred 6% stock, $100 par (no change during year) 18,000 18,000 18,000 Retained earnings 102,320 68,120 54,000 The 2017 net income was $35,280, and the 20Y6 net income was $15,200. No dividends on common stock were declared between 2005 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 2017. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. When required, round your answers to one decimal place. Return on total assets Return on stockholders' equity Return on common stockholders' equity 2017 20Y6 17.3 % 10.2 25.3 % 13.2 % 21.7 X % 6.4 X % ✓. Since the return on…
Please help me fast
Profitability ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 20Y6, and 20Y5: December 31 20Y7 December 31 20Y6 December 31 20Y5 Total assets $307,000 $277,000 $247,000 Notes payable (8% interest) 100,000 100,000 100,000 Common stock 40,000 40,000 40,000 Preferred 6% stock, $100 par (no change during year) Retained earnings 20,000 109,920 20,000 80,240 20,000 60,000 The 20Y7 net income was $30,880, and the 2016 net income was $21,440. No dividends on common stock were declared between 2015 and 2017. Preferred dividends were declared and paid in full in 2016 and 2017. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. When required, round your answers to one decimal place. 20Y7 20Y6 Return on total assets Return on stockholders' equity Return on common stockholders' equity % % % % % % b. The profitability ratios indicate…
Profitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 20Y6, and 20Y5: December 31 20Y7 20Y6 20Y5 Total assets $163,000 $147,000 $131,000 Notes payable (8% interest) 50,000 50,000 50,000 Common stock 20,000 20,000 20,000 Preferred 5% stock, $100 par 10,000 10,000 10,000 (no change during year) Retained earnings 59,090 39,790 30,000 The 2017 net income was $19,800, and the 2016 net income was $10,290. No dividends on common stock were declared between 2015 and 20Y7. Preferred dividends were declared and paid in full in 2016 and 2017. a. Determine the return on total assets, the rate earned on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. When required, round to one decimal place. 20Y7 20Y6 Return on total assets Return on stockholders' equity Return on common stockholders' equity % % % % % % b. The profitability ratios indicate that Vidahill Inc.'s profitability…
HOW TO GET THE FOLLOWING USING THE DATA GIVEN BELOW:
The following comparative statements of stockholders’ equity are prepared for Nolan Corporation: Jan.1,2015 Jan.1,2017 Jan.1,2019 Common stock ($10 par). . . . . . . $300,000 $300,000 $300,000 Paid-in capital in excess of par . . . 60,000 60,000 60,000 Retained earnings . . . . . . . . . . . . . . . 42,000 120,000 Total . . . . . . . . . . . . . . . . . . . . . . . . . .$360,000 $402,000 $480,000 Less treasury stock (at cost) . . . . (75,000) (75,000) Total stockholders’ equity. . . . . . $360,000 $327,000 $405,000 Tarman Corporation acquires 60% of Nolan Corporation common stock for $12 per share on January 1, 2015, when the latter corporation is formed. On January 1, 2017, Nolan Corporation purchases 5,000 shares of its own common stock from…
Additional information: • Weighted-average ordinary shares in 2017 were $60,000 QUESTIONS Based on the financial data above, do the following: a. Calculate the financial ratio of VENUS TRADING COMPANY in 2017 below: • Current ratio • Account receivable turnover • Inventory turnover • Asset turnover • Return on assets • Return on ordinary shareholders equity • Earnings per share • Debts to total assets ratio Provide an interpretation for each of the financial ratio calculations above. b. Based on the calculation results in point a, provide an analysis of performance finance VENUS TRADING COMPANY in 2017.
Domestic
Profitability ratiosThe following selected data were taken from the financial statements ofVidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: The 20Y7 net income was $411,000, and the 20Y6 net income was$462,500. No dividends on common stock were declared between 2045and 2017. Preferred dividends were declared and paid in full in 2016 and2017.a. Determine the return on total assets, the return tin stockholders'equity, and the return on common stockholders' equity for the years2016 and 2017. Round percentages to one decimal place.b. What conclusions can be drawn from these data as to the company'sprofitability?
Pls answer with explanations return on common stockholders equity for 2016 and 2017 thx
Solve Question with calculation