What are the formulas used to get the answer in dividens, addition to retained earnings, short-term debt, and long-term debt. 25 Balance Sheet ($ Million)26 Assets27 Cash and Marketable Securities28 Accounts Receivable29 Inventories30 Other Current Assets$28.4$29.4$30.9$32.4$34.12.1%$120.1$117.7$123.6$129.8$136.28.4%$116 8$123.3$129.5$135.9$142.78.8%$97.5$362.8$106.5$376.9$111.8$395.7$123.3$436.3$117.47.6%31 Total Current Assets$415.53233 Property, Plant and Equipment, Gross34 Accumulated Depreciation35 Property. Plant and Equipment, Net3637 Other Non-Current Assets38 Total Non-Current Assets$913.1$986.1$1,065.0$1,150.2$1,242.38.0%$427 9$506.8$5920S684.0S783.4$4852$479.4$473.0$466.2$458.9$456.3$492.8$532.2$574.8$620.88.0%$941.5$972.2$1,005.3$1.041.0$1,079.73940 Total Assets$1,304.3$1,349.1$1,401.0$1,456.6$1,516.04142 Liabilities and Shareholders' Equity43 Accounts Payable44 Short-Term Debt45 Other Current tiabilites46 Total Current LiabilitiesS98.9S897$126 8s80.5S1103$111.3$302.1$85.5$1225S94.2$131 46.1%$136 412.0%$1163$324.3$1221$338.7$128.2$353.9$134.6$369.98.3%48 Long-Term Debt49 Deferred Income Taxes50 Other Non-Current Liabilities51 Total Liabilities$197.1$216$218.1$183.8$190.2$204.618.0%$19.6$106.5S20 6$111.8$12.7$22.7$123.31.4%$94.5$117.47.6%$627.4$634.2S661.3S690.0$720.55253 Paid-in Capital54 Retained Earnings55 Total Shareholders' Equity$44.8$44.8$44.8$44.8$44.8S694. 9$739.7S632.1$670.0S721.8S750 7$676.9$714.8$766.6S795.55657Total Liabilitios and Shareholders' Equity$1,304.3$1,349.1$1,401.0$1,456.6$1,516.05859 Stock issuancekbuyback) (in dollars)60 Stock issuance(buyback) (in millions of shares)(S53.4)(1.1)($69 8)(1.3)($69 9)(1.1)(S69 6)(0.9) AH.1 Income Statement and Balance Sheet for Vitex Corp.3 Income Statement ($ Million)Forecast Period2004$1,471.2ForecastingFactor2002$1,334.4$667.0$667.42006$1,622.0$811.0$811.02005$1,544.76 Sales7 Cost of Sales8 Gross Operating Income2003$1,401.1$700.6$700.65.0%S735.6$772.450.0%$735.6$772.49.10 Selling, General & Admn. Expenses11 Depreciation12 Other Net (IncomeVExpenses$373.3$406.3$426.6$448.0$470.429.0%$92.0$75.2($8.2)$227.1$789(S9.8)$225.2$85.2$99.48.0%($10.3)($10.8)$243.2($11.4)-0.7%13 EBIT$234.0$252.614($2.0)$23.7$205.4(S1.7)($1.8)($1.9)($2.0)6.0%15 Interest (Income)16 Interest Expense17 Pre-Tax Income$20.1$206.87.0%$20.3$224.7$19.4$21,3$216.4$233.39.0%18$78.7$146.1S81.6$151.619 Income TaxesS72.6$72.4S75.735.0%20 Net Income2122 Dividends23 Adaton to Retained Eamings$132.8$134.4$140.710%$40.1$43.1$46.0$49.3$53.140.0%$92.7$91.3$94.7$96.8$98.624

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Answered: What are the formulas used to get the…

What are the formulas used to get the answer in dividens, addition to retained earnings, short-term debt, and long-term debt.

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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What are the formulas used to get the answer in dividens, addition to retained earnings, short-term debt, and long-term debt.

25 Balance Sheet ($ Million)
26 Assets
27 Cash and Marketable Securities
28 Accounts Receivable
29 Inventories
30 Other Current Assets
$28.4
$29.4
$30.9
$32.4
$34.1
2.1%
$120.1
$117.7
$123.6
$129.8
$136.2
8.4%
$116 8
$123.3
$129.5
$135.9
$142.7
8.8%
$97.5
$362.8
$106.5
$376.9
$111.8
$395.7
$123.3
$436.3
$117.4
7.6%
31 Total Current Assets
$415.5
32
33 Property, Plant and Equipment, Gross
34 Accumulated Depreciation
35 Property. Plant and Equipment, Net
36
37 Other Non-Current Assets
38 Total Non-Current Assets
$913.1
$986.1
$1,065.0
$1,150.2
$1,242.3
8.0%
$427 9
$506.8
$5920
S684.0
S783.4
$4852
$479.4
$473.0
$466.2
$458.9
$456.3
$492.8
$532.2
$574.8
$620.8
8.0%
$941.5
$972.2
$1,005.3
$1.041.0
$1,079.7
39
40 Total Assets
$1,304.3
$1,349.1
$1,401.0
$1,456.6
$1,516.0
41
42 Liabilities and Shareholders' Equity
43 Accounts Payable
44 Short-Term Debt
45 Other Current tiabilites
46 Total Current Liabilities
S98.9
S897
$126 8
s80.5
S1103
$111.3
$302.1
$85.5
$1225
S94.2
$131 4
6.1%
$136 4
12.0%
$1163
$324.3
$1221
$338.7
$128.2
$353.9
$134.6
$369.9
8.3%
48 Long-Term Debt
49 Deferred Income Taxes
50 Other Non-Current Liabilities
51 Total Liabilities
$197.1
$216
$218.1
$183.8
$190.2
$204.6
18.0%
$19.6
$106.5
S20 6
$111.8
$12.7
$22.7
$123.3
1.4%
$94.5
$117.4
7.6%
$627.4
$634.2
S661.3
S690.0
$720.5
52
53 Paid-in Capital
54 Retained Earnings
55 Total Shareholders' Equity
$44.8
$44.8
$44.8
$44.8
$44.8
S694. 9
$739.7
S632.1
$670.0
S721.8
S750 7
$676.9
$714.8
$766.6
S795.5
56
57
Total Liabilitios and Shareholders' Equity
$1,304.3
$1,349.1
$1,401.0
$1,456.6
$1,516.0
58
59 Stock issuancekbuyback) (in dollars)
60 Stock issuance(buyback) (in millions of shares)
(S53.4)
(1.1)
($69 8)
(1.3)
($69 9)
(1.1)
(S69 6)
(0.9)

A
H.
1 Income Statement and Balance Sheet for Vitex Corp.
3 Income Statement ($ Million)
Forecast Period
2004
$1,471.2
Forecasting
Factor
2002
$1,334.4
$667.0
$667.4
2006
$1,622.0
$811.0
$811.0
2005
$1,544.7
6 Sales
7 Cost of Sales
8 Gross Operating Income
2003
$1,401.1
$700.6
$700.6
5.0%
S735.6
$772.4
50.0%
$735.6
$772.4
9.
10 Selling, General & Admn. Expenses
11 Depreciation
12 Other Net (IncomeVExpenses
$373.3
$406.3
$426.6
$448.0
$470.4
29.0%
$92.0
$75.2
($8.2)
$227.1
$789
(S9.8)
$225.2
$85.2
$99.4
8.0%
($10.3)
($10.8)
$243.2
($11.4)
-0.7%
13 EBIT
$234.0
$252.6
14
($2.0)
$23.7
$205.4
(S1.7)
($1.8)
($1.9)
($2.0)
6.0%
15 Interest (Income)
16 Interest Expense
17 Pre-Tax Income
$20.1
$206.8
7.0%
$20.3
$224.7
$19.4
$21,3
$216.4
$233.3
9.0%
18
$78.7
$146.1
S81.6
$151.6
19 Income Taxes
S72.6
$72.4
S75.7
35.0%
20 Net Income
21
22 Dividends
23 Adaton to Retained Eamings
$132.8
$134.4
$140.7
10%
$40.1
$43.1
$46.0
$49.3
$53.1
40.0%
$92.7
$91.3
$94.7
$96.8
$98.6
24

Definition Definition Remaining net income of the company after the required dividends are paid to shareholders. This surplus money is usually invested back into the business to expand its business operations or launch a new product.

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