Union Pacific’s reported the following financial information at yearend 2014: Income Statement (in Millions) Other Data...

Union Pacific’s reported the following financial information at yearend 2014:

Income Statement (in Millions) Other Data (in Millions)

Net Sales $6,800 Shares Outstanding 353.00

Less: Operating Expenses $4,550 Stock Dividends $441.25

Earnings Before Taxes $2,250 Shareholder’s Equity $8,825

Less: Taxes $ 785

Net Earnings $1,765 Stock Price=$50.00 per share

From the information provided for Union Pacific (above), what is the price to book value ratio for Union Pacific?

a. 2.0x

b. 2.7x

c. 3.0x

d. 3.4x

e. It cannot be determined from the information provided.

Expert Solution

Book Value = Shareholder’s Equity / Shares

= 8825/353 = 25

Hence price to book value ratio = 50/25 = 2.0x (Option a)

jeff jeffy answered 2 years ago

Best Buy Co Inc. reported the following financial information in a recent financial statement ($ millions)....

Best Buy Co Inc. reported the following financial information in a recent financial statement ($ millions). Based on the information below, compute the additional working capital financing period. Sales …………………………………$50,272 Cost of sales …………………………………37,611 Inventory …………………………………5,897 Accounts receivable …………………………………2,348 Accounts payable …………………………………4,894 La Verne Company reports the sales and collection information below. Assume La Verne Company collects 20 percent of its sales in the month of the sale, 50 percent the next month, 25 percent the following month, and 5...

ABC Corp 2014 Income Statement ($ in millions) &

ABC Corp 2014 Income Statement ($ in millions) Net sales $9,610 Less: Cost of goods sold 6,310 Less: Depreciation 1,370 Earnings before interest and taxes 1,930 Less: Interest paid 630 Taxable Income $1,300 Less: Taxes 455 Net income $ 845 Dividends paid to shareholders $ 275 ABC COrp 2013 and 2014 Balance Sheets ($ in millions) 2018 2019 2018 2019 Cash $ 310 $...

Suppose you are given the following financial statement information. Prepare an income statement for 2014 and 2015,...

Suppose you are given the following financial statement information. Prepare an income statement for 2014 and 2015, and a Balance Sheet for 2014 and 2015. Next, calculate the value of operating income (EBIT) in 2015. (Round to 2 decimal places) 2014 2015 Cost of goods sold $3,753 4,591 Cash 1,200 1,608 Depreciation 684 877 Interest 53 133 Accounts payable 2,154 2,663 Total Equity 1,334 1,858 Sales 5,505 6,780 Accounts receivable 357 415 Long-term debt 1,636 2,078 Inventory 1,858 2,332 Tax rate 30% 30%...

PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of...

PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales $700 Operating costs including depreciation 500 EBIT $200 Interest 40 EBT $160 Taxes (40%) 64 Net income $96 Dividends $32 Addition to retained earnings $64 For the coming year, the company is forecasting a 15% increase in sales, and it expects that its year-end operating costs, including depreciation, will equal 65% of sales. Austin's tax rate, interest expense, and dividend payout ratio...

At the end of last year, Roberts Inc. reported the following income statement (in millions of...

At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars): Sales $3,000 Operating costs excluding depreciation 2,450 EBITDA $550 Depreciation 250 EBIT $300 Interest 124 EBT $176 Taxes (25%) 44 Net income $132 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 5% higher than the $3 billion in sales generated last year. Year-end operating costs, excluding depreciation, are expected to equal 80%...

At the end of last year, Edwin Inc. reported the following income statement (in millions of...

At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,190.00 Operating costs (excluding depreciation) 3,048.00 EBITDA $1,142.00 Depreciation 325.00 EBIT $817.00 Interest 150.00 EBT $667.00 Taxes (25%) 166.75 Net income $500.25 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 6% higher than $4.19 billion in sales generated last year. Year-end operating costs, excluding depreciation, are expected to increase at the...

Question 1 Apple has the following financial statement information for fiscal year 2001 (in millions): Income...

Question 1 Apple has the following financial statement information for fiscal year 2001 (in millions): Income Statement 2001 Balance Sheet 2001 2000 Revenues $5,363 Cash and Marketable Securities $2,310 $1,191 Cost of Goods Sold 4,026 Inventory 11 33 Gross Profit 1,337 Total Current Assets 5,143 5,427 SG&A Exp. 1,568 Total Assets 6,021 6,803 Net Income (Net Loss) -25 Total Current Liabilities 1,518 1,933 Total Liabilities 2,101 Total Equity 3,920 4,107 Sales (Year 2000) 7,983 Cash Flow Statement Net Income (Year...

Topper Company reported the following pretax financial income (loss) for the years 2014 through 2017. 2014...

Topper Company reported the following pretax financial income (loss) for the years 2014 through 2017. 2014 $ 75,000 2015 $ 47,000 2016 $(225,000) 2017 $ 89,000 Pretax financial income (loss) and taxable income (loss) were the same for all years involved. The enacted tax rate was 25% for all years. Assume the governing laws allowed for a two-year carryback and 20-year carryforward and that the carryback provision is used. a) Prepare the journal entries for 2015, 2016, and 2017. Show...

AFS company reported the following information: Financial Statement Tax return income before Depreciation and income tax...

AFS company reported the following information: Financial Statement Tax return income before Depreciation and income tax 200,000 200,000 Depreciation Expense 45,000 72,000 The tax rate is 35% 1. Income tax for the financial statement is: 2. Income tax on the tax return is: 3. Which does this situation create, a deferred tax asset, or a deferred tax liability? 4. What is the amount of the deferred item? Please follow the answer and calculation processes. Thank you.

Innovative Components, Inc. reported the following income statement data for 2013-2017. 2017 2016 2015 2014 2013...

Innovative Components, Inc. reported the following income statement data for 2013-2017. 2017 2016 2015 2014 2013 Net Sales $3,144.6 $2,993.1 $2,790.5 $2,654.0 $2,478.9 What would be an appropriate sales growth rate based on the historical data?

Question