Use the following financial statements for Manufacturing Inc. to compute the 1) DSO 2) TIE 3) ROE Manufacturing Inc. Balance Sheets, Income Statements and Additional Information for Year Ending December 31 (Millions of Dollars, Except for Per Share Data) Balance Sheet 2019 Assets Cash and equivalents $4,156.00 Accounts receivable $12,980.00 Inventories $8,920.00 Total current assets $26,056.00 Net property, plant & equipment (PP&E) $13,405.00 Total assets $39,461.00 Liabilities and Equity Accounts payable $7,410.00 Notes payable $5,460.00 Accruals $4,290.00 Total current liabilities $17,160.00 Long-term bonds $7,800.00 Total liabilities $24,960.00 Common stock $6,921.00 Retained earnings $7,580.00 Total common equity $14,501.00 Total liabilities and equity $39,461.00 Income Statement 2019 Net sales $68,500.00 COGS $40,000.00 Other operating costs $14,698.00 Depreciation $1,024.00 Earnings before interest and taxes (EBIT) $12,778.00 Less interest $829.00 Pre-tax earnings $11,949.00 Taxes (21%) $2,509.29 Net income available to common stockholders $9,439.71 Additional Information Common dividends $6,135.81 Addition to retained earnings $3,303.90 Number of common shares 1,500 Common stock price per share $98.00 Lease payments $5 Bonds' required sinking fund payments $40 Tax rate 21% WACC 22% Days
Use the following financial statements for Manufacturing Inc. to compute the 1) DSO 2) TIE 3) ROE Manufacturing Inc. Balance Sheets, Income Statements and Additional Information for Year Ending December 31 (Millions of Dollars, Except for Per Share Data) Balance Sheet 2019 Assets Cash and equivalents $4,156.00 Accounts receivable $12,980.00 Inventories $8,920.00 Total current assets $26,056.00 Net property, plant & equipment (PP&E) $13,405.00 Total assets $39,461.00 Liabilities and Equity Accounts payable $7,410.00 Notes payable $5,460.00 Accruals $4,290.00 Total current liabilities $17,160.00 Long-term bonds $7,800.00 Total liabilities $24,960.00 Common stock $6,921.00 Retained earnings $7,580.00 Total common equity $14,501.00 Total liabilities and equity $39,461.00 Income Statement 2019 Net sales $68,500.00 COGS $40,000.00 Other operating costs $14,698.00 Depreciation $1,024.00 Earnings before interest and taxes (EBIT) $12,778.00 Less interest $829.00 Pre-tax earnings $11,949.00 Taxes (21%) $2,509.29 Net income available to common stockholders $9,439.71 Additional Information Common dividends $6,135.81 Addition to retained earnings $3,303.90 Number of common shares 1,500 Common stock price per share $98.00 Lease payments $5 Bonds' required sinking fund payments $40 Tax rate 21% WACC 22% Days
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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Question
Use the following financial statements for Manufacturing Inc. to compute the
1) DSO
2) TIE
3) ROE
| Manufacturing Inc. Balance Sheets, Income Statements and Additional Information for Year Ending December 31 | ||||
| (Millions of Dollars, Except for Per Share Data) | ||||
| 2019 | ||||
| Assets | ||||
| Cash and equivalents | $4,156.00 | |||
| Accounts receivable | $12,980.00 | |||
| Inventories | $8,920.00 | |||
| Total current assets | $26,056.00 | |||
| Net property, plant & equipment (PP&E) | $13,405.00 | |||
| Total assets | $39,461.00 | |||
| Liabilities and Equity | ||||
| Accounts payable | $7,410.00 | |||
| Notes payable | $5,460.00 | |||
| Accruals | $4,290.00 | |||
| Total current liabilities | $17,160.00 | |||
| Long-term bonds | $7,800.00 | |||
| Total liabilities | $24,960.00 | |||
| Common stock | $6,921.00 | |||
| $7,580.00 | ||||
| Total common equity | $14,501.00 | |||
| Total liabilities and equity | $39,461.00 | |||
| Income Statement | 2019 | |||
| Net sales | $68,500.00 | |||
| COGS | $40,000.00 | |||
| Other operating costs | $14,698.00 | |||
| $1,024.00 | ||||
| Earnings before interest and taxes (EBIT) | $12,778.00 | |||
| Less interest | $829.00 | |||
| Pre-tax earnings | $11,949.00 | |||
| Taxes (21%) | $2,509.29 | |||
| Net income available to common stockholders | $9,439.71 | |||
| Additional Information | ||||
| Common dividends | $6,135.81 | |||
| Addition to retained earnings | $3,303.90 | |||
| Number of common shares | 1,500 | |||
| Common stock price per share | $98.00 | |||
| Lease payments | $5 | |||
| Bonds' required sinking fund payments | $40 | |||
| Tax rate | 21% | |||
| WACC | 22% | |||
| Days | 365 |
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