The financial statements of Kingbird Company appear below: KINGBIRD COMPANY Comparative Balance Sheet December 31, Assets 2020 2019 Cash $23,000 $47,000 Short-term investments 24,500 66,000 Accounts receivable (net) 40,300 31,400 Inventory 61,600 70,200 Property, plant and equipment (net) 260,000 310,000 Total assets $409,400 $524,600 Liabilities and stockholders' equity Accounts payable $15,300 $31,300 Short-term notes payable 40,000 93,000 Bonds payable 81,000 162,000 Common stock 150,000 150,000 Retained earnings 123,100 88,300 Total liabilities and stockholders' equity $409,400 $524,600

The financial statements of Kingbird Company appear below: KINGBIRD COMPANY Comparative Balance Sheet December 31, Assets 2020 2019 Cash $23,000 $47,000 Short-term investments 24,500 66,000 Accounts receivable (net) 40,300 31,400 Inventory 61,600 70,200 Property, plant and equipment (net) 260,000 310,000 Total assets $409,400 $524,600 Liabilities and stockholders' equity Accounts payable $15,300 $31,300 Short-term notes payable 40,000 93,000 Bonds payable 81,000 162,000 Common stock 150,000 150,000 Retained earnings 123,100 88,300 Total liabilities and stockholders' equity $409,400 $524,600

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Consider the table given below to answer the following question. Asset value Earnings Net investment Free cash flow (FCF) Return on equity (ROE) Asset growth rate Earnings growth rate Present value 1 2 3 4 5 6 7 8 9.00 10.17 11.49 12.99 14.28 15.71 17.28 18.49 1.17 1.32 1.49 1.69 1.86 1.96 2.07 2.13 1.17 1.32 1.49 1.30 1.43 1.57 1.21 1.29 0.39 0.43 0.39 0.86 0.83 0.13 0.13 0.13 0.125 0.12 0.115 0.13 0.10 0.10 0.10 0.07 0.07 0.13 0.13 0.10 0.06 0.06 0.03 0.13 0.13 0.13 0.13 0.13 Year Assuming that competition drives down profitability (on existing assets as well as new investment) to 12.5% in year 6, 12% in year 7, 11.5% in year 8, and 9% in year 9 and all later years. What is the value of the concatenator business? Assume 12% cost of capital. (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) million
d. Earnings available for common stockholders RM_____________ e. Total current assets RM_____________. otal gross fixed assets (at cost) is RM_________________. f. Total current liabilities is RM_________________.
Match the following ratio functions with the ratio (place the number of your chosen answer into the box with the border beside the term you think it goes with : Dividend Yield Debt ratio Current Ratio Price/Earnings Ratio Acid-test ratio Earnings per share 1. The amount of net income earned for each share of the company's common stock 2. The percentage of a stock's market value returned to stockholders as dividends each period 3. The ability to pay current liabilities with current assets. 4. The percentage of assets financed with debt. 5. The ability to pay all current liabilities if they come due immediately. 6. The market price of $1 of earnings.
QUESTION 2: The percentages of some items related to the Balance Sheet and Income Statements of XYZ Sanayi ve Ticaret A.Ş. for the years 2016-2017-2018-2019 and 2020, obtained by using the Trend Percentages (Trend) Analysis Method, are given in the table below. transactions Stocks Current Assets 2016 2017 2018 2019 2020 100 240 350 570 1200 100 140 990 Tangible Fixed Assets 100 110 130 150 400 Short-Term Liabilities Net Sales 100 160 310 490 1050 100 200 300 530 1000 Desired: Using the trend percentages in the table above; • Current Assets-Inventories Relationship, • Tangible Assets-Net Sales Relationship, • Interpret the Current Assets-Short-Term Liabilities relationship.
a spreedsheet is needed to complete for this question. PR17-04b from Cegage accounting 2 (financial statement analysis)
Problem no 19, (Ref. 3) The following are the financial statements of Bagmati Bitumin Limited. Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Sales Cost of goods sold Depreciation Bagmati Bitumin Limited Balance Sheet as of December 31, 2016 and 2017 2016 Rs 650 2,382 4,408 Rs 7,440 2017 Liabilities and Equity Rs 710 Accounts payable 2,106 Notes payable 4,982 Other Rs 7,798 Rs 13,992 Rs 18,584 Total debt Total current liabilities Long-term debt Owners' equity (1,250 shares outstanding) Rs 21,432 Rs 26,382 Total liabilities and equity Earnings before interest and taxes Interest paid Taxable income Taxes @ 35% Net Income Dividends Addition to retained earnings Market price for a share of stock 2016 Rs 987 640 90 Rs 1,717 4,318 Rs 6,035 Rs 15,397 Bagmati Bitumin Limited Income Statement for the Year Ended December 31, 2017 2017 Rs 1215 718 230 Rs 2,163 4,190 Rs 6,353 Rs 20,029 Rs 21,432 Rs 26,382 Rs 28,000 11,600 2,140 Rs 14,260 980 Rs 13,280…
Calculate the following profitability ratios for 2018 and 2019. a. Gross profit ratio b. Return on assets c. Profit margin d. assets turnover
Calculate the dividend payout ratio.
Return on equity (ROE) using the traditional DuPont formula equals to A. (net profit margin) (interest component) (solvency ratio) B. (net profit margin) (interest component) (liquidity ratio) C. (net profit margin) (total asset turnover) (quick ratio) D. (net profit margin) (total asset turnover) (solvency ratio)
Please also explain why other options are incorrect
NOTE: PLEASE ANSWER A, B, C AND D ONLY!!! ASAP
The comparative statements of Lily Company are presented here. Net sales Lily Company Income Statements For the Years Ended December 31 Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income Assets Current assets Cash Debt investments (short-term) Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Lily Company Balance Sheets December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 282,200 265,700 547,900 $971,800 $1,815,100 1,011,300 2022 803,800 517,400 286,400 2022 267,600 80,016 $ 187,584 $60,100 68,100 18,800 304,000 161,700 465,700 $852,700 116,200 123,100 367,500 604.300 $971,800 $160,300 2021 $64,600 50,200 102,900 114,500 332,200 520,500 $852,700…