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In: Accounting

Bayside, Inc. 2004 and 2005 Balance Sheets ($ in thousands)                                  &

Bayside, Inc.

2004 and 2005 Balance Sheets

($ in thousands)

  

                                         2004      2005                                                          2004      2005

        Cash                      $     70   $   180               Accounts payable                   $1,350   $1,170

         Accounts rec.              980        840               Long-term debt                          720       500

       Inventory                   1,560     1,990              Common stock                         3,200     3,500

       Total                        $2,610   $3,010              Retained earnings       940     1,200

        Net fixed assets        3,600     3,360        

        Total assets               $6,210  $6,370              Total liabilities & equity               $6,210   $6,370

  

Calculate the following: for 2005 only (You will show your work and put it in the drop box).

  

Additional Information at the end of 2005:

Fair Market Value of the Stock $190 per share

Number of Common Shares Outstanding 100,000

Dividends paid during 2005 - $4 per share

Calculate the Average Days Sales for Collecting Receivables.

Carry your answer two decimal points. 33.0899 would be entered as 33.09

If this companies terms are Net 15 on items it sells and its Average Days Sales for collecting those receivables is 39 days, should the company be concerned?

Explain this Profit Margin Percentage. What does it mean?

Calculate the Earnings Per Share for the company.  (Net Income/Oustanding Shares)

Carry your answer two decimal points. 23.0899 would be entered as 23.09

Calculate the Price to Earnings Ratio.

Carry your answer two decimal points. 23.0899 would be entered as 23.09

If the industry Price to Earnings ratio is at 15, what could account for the difference from the industry average?

Beginning Retained Earnings $100,000

Dividends Paid for the Year $20,000

Net Loss for the Year $30,000

Based on the information above, the Ending Retained Earnings Balance will be?

Enter your answer without dollar signs and no commas. Example $4,000 would be entered as 4000

Solutions

Expert Solution

ekkarill92 answered 1 year ago
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