Se Balance Sheets as of December 31 Current Assets Net Plant and Equipment. Total Assets Accounts Payable Notes Payable Accruals Long-Term Bonds Total Common Equity Total Liabilities & Equity Income Statement Earnings before interest and taxes Depreciation and Amortization Interest Taxes 40% Net Income Other Information WACC Number of shares outstanding Price per share What was 2014 EVA? $0 $197,600 $140,000 $57,600 2014 2013 1,200,000 900,000 2,800,000 2,700,000 4,000,000 3,600,000 200,000 216,000 280,000 108,000 120,000 252,000 1,040,000 864,000 2,360,000 2,160,000 4,000,000 3,600,000 2014 1,200,000.0 140,000.0 104,000.0 438,400.0 657,600.0 2014 18.00% 80,000 $22.13

Se Balance Sheets as of December 31 Current Assets Net Plant and Equipment. Total Assets Accounts Payable Notes Payable Accruals Long-Term Bonds Total Common Equity Total Liabilities & Equity Income Statement Earnings before interest and taxes Depreciation and Amortization Interest Taxes 40% Net Income Other Information WACC Number of shares outstanding Price per share What was 2014 EVA? $0 $197,600 $140,000 $57,600 2014 2013 1,200,000 900,000 2,800,000 2,700,000 4,000,000 3,600,000 200,000 216,000 280,000 108,000 120,000 252,000 1,040,000 864,000 2,360,000 2,160,000 4,000,000 3,600,000 2014 1,200,000.0 140,000.0 104,000.0 438,400.0 657,600.0 2014 18.00% 80,000 $22.13

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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Current Assets Cash A/R Inventory Total Net Plant & Equip Total Assets Tomson Corporation 2013 and 2014 Statement of Financial Position Assets 2013 $ 8,436 21,530 38.760 $ 68,726 $ 226.706 $295,432 2014 $ 10,157 23,406 42.650 $ 76,213 Current Liabilities A/P Notes Payable Total 1. The current ratio for each year 2. The quick ratio for each year Long-term Debt Owner's Equity Common Stock & Paid-in Surplus Retained Earnings $248,306 Total Total Liabilities & $324,519 Owners Equity Liabilities 3. The cash ratio for each year 4. The NWC to total assets ratio for each year 2013 5. The debt-equity ratio and the equity multiplier for each year 6. The total debt ratio and the long-term debt ratio for each year Round all answers to 2 decimal places. $ 43,050 18.384 $61.434 $ 25.000 $ 40,000 168.998 $ 208,998 $ 295,432 2014 1. Prepare: The 2014 combined common-size, common-base year statement of financial position for Tomson. Round your intermediate calculations to 2 decimal places…
are given the following information about Jordan plc:Financial position statement at January 2017£000 £000Non-current assets 1,511Current assets 672Total assets 2,183Equity financeOrdinary shares (50p) 200Reserves 150Non-current liabilities7% preference shares 3009% bonds (redeemable after 8 years) 6509% bank notes 560Current liabilities 323Total liabilities 2183You are also given the following information:• Yield on Treasury bills 7%• Jordan plc equity beta 1.21• Equity risk premium 9.1%• Current ex-div ordinary share price £2.35• Current ex-div preference share price 66p• Current ex-interest bond price £105• Corporate tax rate 30%Required:(a). calculate the company’s weighted average cost of capital (WACC) using market weightings.(b). critically discuss whether you consider that companies, by integrating a sensible level of gearinginto their capital structure, can minimise their weighted average cost of capital.
The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 20 percent. Interest expense will remain constant, the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Sales Costs Other expenses Earnings before interest and taxes Interest expense Taxable income Taxes (24%) CROSBY, INCORPORATED 2021 Income Statement Net income Dividends Addition to retained earnings Current assets Cash Accounts receivable Inventory $31,335 69,745 $ 20,640 43,580 91,960 $747,000 582,000 18,000 FA $147,000 14,000 $ 133,000 31,920 $ 101,080 CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Assets Seved Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $ 54,800 14,000 $ 68,800 MA000
Balance sheet data for X Corporation and Z Company on December 31, 2015 are given below: Cash Accounts receivable PPE Investment in Garnet Total assets Current liabilities Long term liabilities Ordinary share Retained earnings Total liabilities and stockholders' equity X Corp. Z. Co. 70,000 90,000 100,000 60,000 500,000 250,000 260,000 930,000 400,000 180,000 60,000 200,000 90,000 300,000 100,000 250,000 150,000 930,000 400,000 X Corporation purchased 80% interest in Z Company on December 31, 2015 for P260,000. Z Company's property and equipment had a fair value of P50,000 more than the book value shown above. All other book values approximated fair value. Fair value method was elected to be used in measuring the non-controlling interest. Fair value of non- controlling interest on acquisition date was P58,000. In the consolidated balance sheet on December 31, 2015: a. The amount of total stockholders' equity to be reported will be? b. The amount of non-controlling interest will be?
The financial statements of ABC Co., appear below: ABC Co. Comparative Balance Sheet December 31, 2014 2014 2013 ASSETS Cash $25,000 $40,000 Marketable Securities 20,000 60,000 Accounts Receivable (net) 40,000 30,000 Inventory 150,000 170,000 Property, Plant and Equipment (net) 170,000 200,000 Total Assets $405,000 $500,000 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable $25,000 $30,000 Short-term Notes Payable 40,000 90,000 Bonds Payable 75,000 160,000 Common Stock 175,000 145,000 Retained Earnings 90,000 75,000 Total Liabilities and Stockholder's Equity $405,000 $500,000 ABC Co. Income Statement For the Year Ended December 31, 2014 Net Sales $360,000 Cost of Goods Sold 184,000 Gross Profit 176,000 Expenses Interest Expense 21,000 Selling Expense 30,000 Administrative Expense 20,000 Total Expenses 71,000 Income before income taxes 105,000 Income tax expense 30,000 Net income $75,000 Additional Information: a. Cash dividends of $50,000 were declared and…
Exercise #5 Bronx Company provided the following financial statements for the years 2011 and 2012: Assets 2011 2012 31,000 Cash Marketable securities Accounts receivable 53,000 87,000 346,000 432,000 918,000 1,113,000 2,031,000 528,000 683,000 1,242,000 1,398,000 2, 640,000 Inventories Current assets Net fixed assets Total Assets Liabilities & Equity Accounts payable Accrued expenses Bank borrowings Current liabilities 413,000 226,000 100,000 739,000 100,000 627,000 314,000 235,000 |Common stock Retained earnings Total liabilities & equity 1,176,000 100,000 1,364,000 2, 640,000 1,192,000 2,031,000 Note: For 2012, depreciation was P189,000; interest paid was P21,000; taxes paid amounted to P114,000; and no dividends were paid. Required: Prepare a statement of cash flows using the indirect method. Create charts using Excel to highlight the firm's flow of cash.
Refine Assumptions for Dividend and Retained Earnings Forecast Provided below is FY2016 information for Medtronic PLC. Medtronic plc Consolidated Statement of Income ($ millions) Apr. 29, 2016 Net sales $29,277 Costs and expenses Cost of products sold 9,142 Research and development expenses 2,224 Selling, general, and administrative expense 9,469 Special charges (gains), net 70 Restructuring charge, net 290 Certain litigation charges, net 26 Acquisition-related items 283 Amortization of intangiable assets 1,931 Other expense, net 107 Operating profit 5,735 Interest expense, net 955 Income from operations before income taxes 4,780 Provision for income taxes 908 Net income $3,872 Medtronic plc Consolidated Balance Sheet ($ millions) Apr. 29, 2016 Apr. 24, 2015 Current assets Cash and cash equivalents $2,975 $4,942 Investments 9,758 14,637 Accounts receivable 5,562 5,112 Inventories 3,473 3,463 Tax assets 697 1,335 Prepaid expenses and other current assets…
Comparative balance sheets for Hamilton Company are presented below. Hamilton Company Comparative Balance Sheet Decemebr 31 Assets 2017 2016 Cash 78000 12000 Accoutns Receivable 93000 76000 Inventory 180000 189000 Land 75000 100000 Equipemnt 250000 210000 Accu Dep - Equipment (66,000) (42,000) Total 610000 545000 Liability and Equity Accounts Payable 34000 47000 Bonds Payable 150000 200000 Common Stock ($1 Par ) 214000 164000 Retained Earnings 212000 134000 Total 610000 545000 Additional information: 1. Net income for 2017 was $134000 2. Cash dividends of $65,000 were declared and paid. 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.…
Current assets Long-term assets Total Locust Farming Balance Sheet ($ in millions) $ 42,524 46,832 Current liabilities Long-term debt Other liabilities Equity $ 89,356 Total $ 29,755 27,752 14,317 17,532 $ 89,356 Locust has 657 million shares outstanding with a market price of $83 a share. a. Calculate the company's market value added. b. Calculate the market-to-book ratio. c. How much value has the company created for its shareholders as a percent of shareholders' equity, that is, as a percent of the net capital contributed by shareholders?
Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Asset Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%) INCOME STATEMENTS 2014 2015 BALANCE SHEETS Assets Cash 2014 2015 Net sales $ 4,760 S 5,000 S 60 50 3,560 3,800 ST Investments 40 . COGS (excl. depr.) Depreciation 170 200 Accounts receivable 380 500 480 500 Inventories 820 1,000 Other operating expenses EBIT S 550 500 Total CA $ 1,300 $ 1,550 Interest expense 100 120 Net PP&E 1,700 2,000 Pre-tax earnings S 450 S 380 Total assets $ 3,000 $ 3,550 . Taxes (40%) 180 152 NI before pref. div. S 270 $ 228 Liabilities and equity Preferred div. 8 8 S 200 Accounts payable Accruals Net income $ 262 $ 220 300 280 Notes payable Total CL Other Data S 780 Common dividends $48 $50 1,000 1,200 Long-term bonds Total liabilities Addition to RE $214 $170 $ 1,600 $ 1,980 Tax rate 40% 40% 100 100 Preferred stock…
perating data for Navarro Corporation are presented below. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings Instructions December 31, 2017 $125,000 396,000 91,000 133,000 161,000 136,000 December 31, 2016 $100,000 330,000 70,000 95,000 115,000 150,000 Prepare horizontal and vertical analyses. (LO 1) Prepare a schedule showing a vertical analysis for 2017 and 2016. E18-3 The comparative condensed balance sheets of Gurley Corporation
Current Accounts 2015: Current Assets= 4,400; Current Liabilities = 1,500 2014: Current Assets = 3,500; Current Liabilities = 1,200 Fixed Assets and Depreciation 2015: Net Fixed Assets = 3,400; 2014: Net Fixed Assets = 3,100 Depreciation Expense = 400 Long-term Debt and Equity (Retained Earnings not given) 2015: Long-term Debt = 4,000; Common stock & Additional paid in capital = 400 2014: Long-term Debt = 3,950; Common stock & Additional paid in capital = 400 Income Statement Earnings Before Interest and Taxes= 2,000; Taxes = 300 Interest Expense = 350; Dividends = 500 Use the information above to calculate a) Operating cash flow b) Net capital spending c) Changes in net working capital d) Cash flow to creditors e) Cash flow to stockholders f) Cash flow from assets

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