2014 revenues were $76,000. 2014 expenses were $48,500. Dividends declared and paid during 2014 totaled $7,600. Total assets at December 31, 2014 were $184,000. Total liabilities at December 31, 2014 were $103,000. Common stock at December 31, 2014 was $26,000. Which of the following is correct?
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| ena Company has provided the following data (ignore income taxes): |
| 2014 revenues were $76,000. |
| 2014 expenses were $48,500. |
| Dividends declared and paid during 2014 totaled $7,600. |
| Total assets at December 31, 2014 were $184,000. |
| Total liabilities at December 31, 2014 were $103,000. |
| Common stock at December 31, 2014 was $26,000. |
| Which of the following is correct? |
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- Selected financial information for CraneCorporation as of December are presented below. 2014 2013 Current assets $104,640 $80,080 Current liabilities 43,680 36,400 Stockholders’ equity 124,800 110,240 Total assets 312,000 280,800 Net sales and net income for 2014 were $468,000 and $37,440 respectively. Dividends of $4,160 were declared for common stockholders and $6,240for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity.Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 1. Return on assets enter percentages rounded to 2 demical places % 2. Profit margin enter percentages rounded to 2 demical places % 3. Payout ratio enter percentages rounded to 2 demical places % 4. Debt assets ratio enter percentages…Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,990.0 $11,690.0 Dividends declared for common stockholders 545 390 Dividends declared for preferred stockholders Net income 1,895 2,195 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.) 2017 2016 Payout ratioSelected financial information for CraneCorporation as of December are presented below. 2014 2013 Current assets $82,640 $63,140 Current liabilities 34,440 28,700 Stockholders’ equity 98,400 86,920 Total assets 246,000 221,400 Net sales and net income for 2014 were $369,000 and $29,520 respectively. Dividends of $3,280 were declared for common stockholders and $4,920for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity.Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 1. Return on assets enter percentages rounded to 2 demical places % 2. Profit margin enter percentages rounded to 2 demical places % 3. Payout ratio enter percentages rounded to 2 demical places % 4. Debt assets ratio enter percentages…
- Given the following information: Stockholders’ equity—January 1, 2014 $87,360 Stockholders’ equity—December 31, 2014 90,480 Stockholder investments during 2014 12,480 Dividends paid during 2014 37,440 Revenues during 2014 322,400 Compute 2014 net income for Crane Company.Suppose the following financial information is available for Walgreen Company. (in millions) 2017 2016 Average common stockholders' equity $12,880.0 $11,580.0 Dividends declared for common stockholders 490 410 Dividends declared for preferred stockholders Net income 1,840 2,140 Calculate the payout ratio and return on common stockholders' equity for 2017 and 2016. (Round answers to 1 decimal place, e.g. 12.5%.) 2017 2016Ecker Company reports $1,825,000 of net income for 2017 and declares $255,500 of cash dividends on its preferred stock for 2017. At the end of 2017, the company had 290,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders for 2017?
- Selected financial information for Carla VistaCorporation as of December are presented below. Current assets Current liabilities Stockholders' equity Total assets 1. 2. 3. 4. 5. 6. Return on assets Net sales and net income for 2014 were $531,000 and $42,480 respectively. Dividends of $4,720 were declared for common stockholders and $7,080for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity. Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) Profit margin Payout ratio Debt assets ratio 2014 Current ratio $118,640 49.560 141,600 354,000 2013 $90,860 41,300 125.080 318.600 Return on common stockholders' equity % % % :1 %The following selected data were taken from the financial statements of The O'Malley Group Inc. for December 31, 2015, 2014, and 2013: December 31 Total assets Notes payable (10% interest) Common stock Preferred $4 stock, $100 par Retained earnings Net income 2015 $201,000 70,000 28,000 14,000 79,000 15,920 20Y4 $181,000 70,000 28,000 20Y5 14,000 63,000 16,940 No 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 $161,000 70,000 28,000 % Return on total assets Return on stockholders' equity Return on common stockholders' equity b. What conclusions can be drawn from these data as to the company's profitability? % 14,000 42,000 13,552 20Y4 % % %The following information was available for the year ended December 31, 2016: Sales $ 460,000 Net income 66,140 Average total assets 760,000 Average total stockholders' equity 365,000 Dividends per share 1.33 Earnings per share 3.00 Market price per share at year-end 27.60 a. Calculate margin, turnover, and ROI for the year ended December 31, 2016. (Round your intermediate calculations and final answers to 2 decimal places.) b. Calculate ROE for the year ended December 31, 2016. (Round your answer to 2 decimal places.) c. Calculate the price/earnings ratio for 2016. (Round your answer to 2 decimal places.) d. Calculate the dividend payout ratio for 2016. (Round your answer to 2 decimal places.) e. Calculate the dividend yield for 2016. (Round your answer to 2 decimal places.)
- Snow Cleaners, Inc., had net income of $493,600 for its year ended December 31, 2018. During the year, the company had outstanding 64,000 shares of Preferred Stock at 12% with a $40 par value, and 37,280 shares of common stock with a par value of $10. Calculate the earnings per share of common stock for the year ended December 31, 2018.Field Company should report total stockholders’ equity on December 31, 2007 at: A. 8,150,000 B. 8,300,000 C. 8,250,000Triumph's has 40,000 common shares outstanding during 2018. Requirement 1. Compute earnings per share (EPS) for 2018 for Triumph's. Round to the nearest cent. Requirement 2. Compute Triumph's Companies' price/earnings ratio for 2018. The market price per share of Triumph's stock is $15.00. Triumph's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 Net Sales Revenue $42,400 $41,100 Cost of Goods Sold 22,500 29,300 Interest Expense 400 320 All Other Expenses 6,700 7,800 Net Income $12,800 $3,680 Triumph's Companies Balance Sheet May 31, 2018 and 2017 Assets Liabilities 2018 2017 2018…