The following selected data were taken from the financial statements of The O'Malley Group Inc. for December 31, 2015, 2014, and 2013:December 31Total assetsNotes payable (10% interest)Common stockPreferred $4 stock, $100 parRetained earningsNet income2015$201,00070,00028,00014,00079,00015,92020Y4$181,00070,00028,00020Y514,00063,00016,940No dividends on common stock were declared between 2013 and 2015.a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2014 and 2015.Round your percentage answers to one decimal place.20Y3$161,00070,00028,000%Return on total assetsReturn on stockholders' equityReturn on common stockholders' equityb. What conclusions can be drawn from these data as to the company's profitability?%14,00042,00013,55220Y4%%%

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

Answered: The following selected data were taken…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Prag Co. reported the following financial data for its most current year: Beginning-of-year common stock $80,000 Beginning-of-year retained earnings 175,400 Net income 32,250 Dividends paid 8,500 Issuance of common stock 15,000 Compute Prag's end-of-year total stockholders' equity.
The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 61 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $3,350,500 $2,822,200 Net income 748,800 578,100 Dividends: On preferred stock (9,800) (9,800) On common stock (40,000) (40,000) Retained earnings, December 31 $4,049,500 $3,350,500 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $4,270,500 $3,934,620 Cost of merchandise sold 1,608,920 1,480,210 Gross profit $2,661,580 $2,454,410 Selling expenses $844,790 $1,058,190 Administrative expenses 719,640 621,470 Total operating expenses $1,564,430 $1,679,660 Income from operations $1,097,150 $774,750 Other revenue and…
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Layne Corporation had the following information in its financial statements for the years ended 2014 and 2015: Cash dividends for the year 2015 $ 10,000 Net income for the year ended 2015 83,000 Market price of stock, 12/31/14 10 Market price of stock, 12/31/15 12 Common stockholders’ equity, 12/31/14 1,600,000 Common stockholders’ equity, 12/31/15 1,785,600 Outstanding shares, 12/31/15 180,000 Preferred dividends for the year ended 2015 15,000 What is the book value per share for Layne Corporation for the year ended 2015? a. $11.00 b. $9.92 c. $9.94 d. $8.89
Compute the Total Earnings per Share for 2017.
Alcantara Corporation had the following information in its financial statements for the years ended 2010 and 2011:Cash dividends for the year 2011 $ 8,000Net income for the year ended 2011 93,000Market price of shares, 12/31/10 10Market price of shares, 12/31/11 12Ordinary shareholders' equity, 12/31/10 1,600,000Ordinary shareholders' equity, 12/31/11 1,800,000Outstanding shares, 12/31/11 150,000Preference dividends for the year ended 2011 15,000a. What is the payout ratio for Alcantara Corporation for the year ended 2011?b. What is the book value per share for Alcantara Corporation for the year ended 2011?
Given the following data for the King Company: How would common stock appear on a common size balance sheet? Curment labites $ 400 Long term debt 480 Common stack 700 Retained eanings Total iabities & sochdders equty $2,500 920 Enlarged View 20% 70% 28% 30%
Based on the financial statements below, what is the current ratio and quick ratio?
Given the following data for the Vaughn Manufacturing: Current liabilities $550 Long-term debt 510 Common stock 744 Retained earnings 1296 Total liabilities & stockholders’ equity $3100 How would common stock appear on a common size balance sheet? 26% 16% 24% 58%
From the following balance sheet of Sohel & Co Ltd as at 31st March 2013 and also comment on the ratios. You may use online sources to write about the ratios. Liabilities Amount (RO) Assets Amount (RO) Equity shares capital 6%Preference share capital 7%Debentures 8% Public Debt Bank over draft Creditors Outstanding expenses Proposed dividend Reserves Provision for taxation Net Profit 100,000 100,000 40,000 20,000 40,000 60,000 7,000 10,000 150,000 20,000 20,000 567,000 Cash in hands Cash at bank Bills Receivable Short term investment Debtors Stocks Furniture Machinery Land and Building Good will Preliminary Expenses 3,000 9,000 30,000 20,000 70,000 40,000 30,000 100,000 220,000 35,000 10,000 567,000 Net Sales - 200000 d) Return on Equity
Berlin Company paid or collected during 2020 the following items: Insurance premiums paid P462,000; Interest collected 927,000; Salaries paid 4,056,000. The following balances have been excerpted from Berlin's statements of financial position for the year ended 12/31/2019 and 12/31/2020 respectively. Prepaid insurance P 45,000 P 36,000; Interest receivable 87,000 111,000; Salaries payable 318,000 369,000. Refer to Berlin, the interest income on the income statement for 2020 was Choices; P729,000 P951,000 P 903,000 P1,125,000
On December 31, 2016, Cullumber Company had 1,385,000 shares of $6 par common stock issued and outstanding. At December 31, 2016, stockholders’ equity had the amounts listed here. Common Stock $8,310,000 Additional Paid-in Capital 1,825,000 Retained Earnings 1,180,000 Transactions during 2017 and other information related to stockholders’ equity accounts were as follows. 1. On January 10, 2017, issued at $109 per share 124,000 shares of $104 par value, 9% cumulative preferred stock. 2. On February 8, 2017, reacquired 17,900 shares of its common stock for $11 per share. 3. On May 9, 2017, declared the yearly cash dividend on preferred stock, payable June 10, 2017, to stockholders of record on May 31, 2017. 4. On June 8, 2017, declared a cash dividend of $1.75 per share on the common stock outstanding, payable on July 10, 2017, to stockholders of record on July 1, 2017. 5. Net income for the year was $3,515,000. Prepare the stockholders’ equity…

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