Use Bird Industry's summary financial statements to answer the following questions. Bird Industries, Inc. Balance Sheets 2016 $1,000 5,000 6,500 10,000 8,000 (1.000) $29,500 Cash Accounts receivable Inventories Land Other fixed assets Accumulated depreciation Total assets Accounts payable Bonds Common stock Retained earnings Total debt and equity $3,200 4,000 17,000 5,300 $29,500 Sales Cost of goods sold Gross profit Operating expenses Depreciation EBIT Interest expense EBT Taxes Net Income 2017 $? 6,000 6,000 12,000 9,000 (1.600) Bird Industries, Inc. Income Statement S? $ 6,800 4,000 16,000 5.000 $2 $84,000 66,400 $17,600 (13,000) (600) $4,000 (500) $3,500 (1,500) $2.000 Use Bird's financial statements to determine the total amount of Bird Industries' common stock dividend for 2017.

Use Bird Industry's summary financial statements to answer the following questions. Bird Industries, Inc. Balance Sheets 2016 $1,000 5,000 6,500 10,000 8,000 (1.000) $29,500 Cash Accounts receivable Inventories Land Other fixed assets Accumulated depreciation Total assets Accounts payable Bonds Common stock Retained earnings Total debt and equity $3,200 4,000 17,000 5,300 $29,500 Sales Cost of goods sold Gross profit Operating expenses Depreciation EBIT Interest expense EBT Taxes Net Income 2017 $? 6,000 6,000 12,000 9,000 (1.600) Bird Industries, Inc. Income Statement S? $ 6,800 4,000 16,000 5.000 $2 $84,000 66,400 $17,600 (13,000) (600) $4,000 (500) $3,500 (1,500) $2.000 Use Bird's financial statements to determine the total amount of Bird Industries' common stock dividend for 2017.

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Description: Use Bird Industry's summary financial statements to answer the following questions.Bird Industries, Inc.Balance Sheets2016$1,0005,0006,500CashAccounts receivableInventoriesLandOther fixed assetsAccumulated depreciationTotal assetsAccounts payableBon

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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Crane Ltd. reported the following for the fiscal year 2021: Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Gain on sale of land Profit before income tax Income tax expense Profit Additional information: 1. 2. CRANE LTD. Income Statement Year Ended September 30, 2021 3. 4. 5. 6. $ 109,000 34,000 (44,000) $583,000 338,000 245,000 99,000 146,000 36,500 $109,500 Accounts receivable decreased by $16,300 during the year. Inventory increased by $7,800 during the year. Prepaid expenses decreased by $5,800 during the year. Accounts payable to suppliers increased by $11,300 during the year. Accrued expenses payable increased by $5,300 during the year. Income tax payable decreased by $7,100 during the year.
You are given the following information for Smashville, Inc. Cost of goods sold: Investment income: Net sales: Operating expense: Interest expense: Dividends: Tax rate: Current liabilities: Cash: Long-term debt: Other assets: Fixed assets: Other liabilities: Investments: Operating assets: Gross margin Operating margin Return on assets Return on equity $174,000 $ 1,400 $379,000 $ 86,000 $ 7,400 8,000 $ % % % % 40% $ 21,000 $ 21,000 $ 46,000 $ 38,000 $130,000 Calculate the gross margin, the operating margin, return on assets, and return on equity. (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) $ 3,000 $ 34,000 $ 64,000
The following items and amounts were taken from Blossom Company's 2017 income statement and balance sheet. Cash $ 88,000 Retained earnings Cost of goods sold 122,500 436,300 Salaries and wages expense 117,000 Prepaid insurance 8,100 Inventory 64,300 Accounts receivable Sales revenue 90,500 581,700 Notes payable Accounts payable 6,300 55,500 Service revenue 5,500 Interest expense 1,830
Asset Efficiency Ratios Sammy Inc.'s financial statements for 2023 indicate the following account balances: Net sales Cost of goods sold Average accounts receivable Average inventory Average property, plant, and equipment Average total assets. Required: Round your answers to two decimal places. 1. Using this information, calculate Sammy's receivable turnover ratio. $307,608 170,100 21,329 3,960 85,367 144,140 2. Using this information, calculate Sammy's asset turnover ratio and also convert the ratio into days. Assume 365 days in a year. Round your answer to nearest whole day. Asset turnover ratio Conversion into days days
The following information is available for Cullumber Products: 2014 2013 Accounts receivable $76,800 $94,720 Cost of goods sold 675,840 742,400 Inventory (ending) 66,560 87,040 Net cash provided by operating activities 281,600 217,600 Net sales 1,157,760 1,203,200 Capital expenditures 51,200 48,640 Dividends 31,104 40,960 Compute the following for 2014: (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) Accounts receivable turnover enter a number of times rounded to 1 decimal place times Average collection period enter a number of days rounded to 1 decimal place days
LOGIC COMPANY Comparative Income Statement For Years Ended December 31, 2017 and 2018 2018 2017 Gross sales $ 22,800 $ 17,850 Sales returns and allowances 900 100 Net sales $ 21,900 $ 17,750 Cost of merchandise (goods) sold 11,050 7,700 Gross profit $ 10,850 $ 10,050 Operating expenses: Depreciation $ 1,080 $ 790 Selling and administrative 5,050 3,900 Research 930 690 Miscellaneous 740 490 Total operating expenses $ 7,800 $ 5,870 Income before interest and taxes $ 3,050 $ 4,180 Interest expense 940 690 Income before taxes $ 2,110 $ 3,490 Provision for taxes 844 1,396 Net income $ 1,266 $ 2,094 LOGIC COMPANY Comparative Balance Sheet December 31, 2017 and 2018 2018 2017 Assets Current assets: Cash $ 11,800…
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5 Questions: Cost of goods sold Cash Depreciation Interest expense Selling & Administrative. Accounts payable Net fixed assets Sales Accounts receivable Notes payable Long-term debt Inventory New equity Tax rate Dividend percentage 7 1. Complete Income Statement of 2010 & 2011 2. Complete Balance Sheet of 2010 & 2012 2010 196,619 28,372 55,506 12,067 38,668 20,143 244,881 385,724 20,104 22,855 123,607 38,706 30% 35% 65 2011 248,263 42,865 62,738 13,831 50,469 34,091 298,350 470,172 26,078 24,955 140,000 52,057 15,000 +
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