Question

In: Accounting

Current Yr Preceding Yr Current Assets 745,000 820,000 Property, Plant, and Equipment 1,510,000 1400000 Current Liabilities...

Current Yr Preceding Yr

Current Assets

 745,000 820,000
Property, Plant, and Equipment 1,510,000 1400000
Current Liabilities (non-interest bearing) 160,000 140,000
Long-term Liabilities 400,000 400,000
Preferred Stock 10% 250,000 250,000
Common Stock $25, par 1,200,000 1,200,000
Retained Earnings Beginning of Year 230,000 230,000
Net income for year 110,000 110,000
Preferred Dividends Declared (25,000) (25,000)
Common Dividends Declared (70,000) (70,000)

Determine for the current year: Return on total assets Return on stockholders’ equity Return on common stockholders’ equity Earning per share on common stock Price-earnings ratio on common stock Dividend yield The current market price per share of common stock is $25. Round answers to one decimal place except for earnings per share.

Solutions

Expert Solution

ekkarill92 answered 2 years ago
Next > < Previous

Related Solutions

Current assets $745,000 $820,000 Property, plant, and equipment 1,510,000 1,400,000 Current liabilities (non-interest-bearing) 160,000 140,000 Long-term...
Current assets $745,000 $820,000 Property, plant, and equipment 1,510,000 1,400,000 Current liabilities (non-interest-bearing) 160,000 140,000 Long-term liabilities, 12% 400,000 400,000 Preferred 10% stock 250,000 250,000 Common stock, $25 par 1,200,000 1,200,000 Retained earnings, beginning of year 230,000 160,000 Net income for year 110,000 155,000 Preferred dividends declared (25,000) (25,000) Common dividends declared (70,000) (60,000) Round dollar values to two decimal places and other final answers to one decimal place. a. Return on total assets % b. Return on stockholders' equity...
2019 2018 Assets Non-current assets 2629 2634 Property, plant and equipment 2027 2023 Intangible assets 391...
2019 2018 Assets Non-current assets 2629 2634 Property, plant and equipment 2027 2023 Intangible assets 391 402 Consolidates entities 143 143 Long-term receivables and other investment 4 2 Defined benefits fund asset 64 63 Deferred taxation assets 1 Current assets 8468 7206 Inventories 2470 2061 Trade and other receivables 2096 2295 Derivative financial instruments 27 1 Reinsurance assets 304 146 Current amounts owing by consolidated entities 1002 641 Taxation 0 0 Cash and cash equivalent 2569 2062 Non-current asset held...
2019 ‘000 US$ 2018 ‘000 US$ Assets Non-current assets Property, plant and equipment Right of use...
2019 ‘000 US$ 2018 ‘000 US$ Assets Non-current assets Property, plant and equipment Right of use assets Investment properties Intangible assets and goodwill Investment in equity accounted investees Other investments Accounts receivable and prepayments 12,226,735 2,080,908 1,672,911 10,054,701 2,200.252 20,009 675,845 8,960,782 - 1,622,130 8,833,151 2,101,425 51,078 574,570 Total non-current assets 28,931,361 22,143,136 Current assets Inventories Properties held for development and sales* Accounts receivable and prepayments Cash and cash equivalents 156,393 194,612 1,836,795 2,943,359 115,590 261,724 1,378,179 2,614,710 Total current...
Balance the budget sheet: Current Assets: Total Current Assets: Property and equipment: Other assets: Total Assets:...
Balance the budget sheet: Current Assets: Total Current Assets: Property and equipment: Other assets: Total Assets: Current liabilities: Total Current Liabilities: Total Liabilities: Share holders equity Total Liabilities & Share holders Equity: Instructions: Please place the following items and amounts in their correct locations on the balance sheet Accounts payable $30,000 Accounts receivable $20,000 Investments $10,000 Common stock $10,000 Additional paid-in capital $20,000 Prepaid expense $4,000 Cash and cash equivalents $100,000 Deferred revenue $2,000 Notes payable $10,000 Inventory $15,000 Retained...
Property, plant and equipment are depreciable assets which means the amounts paid for these assets must...
Property, plant and equipment are depreciable assets which means the amounts paid for these assets must be written down or depreciated over the useful life of the asset. There are many methods for depreciating assets but three widely used methods are addressed in this chapter. The methods are 1) straight-line depreciation; 2) declining balance depreciation (specifically double declining balance); and 3) units-of-production or units-of-activity or activity based depreciation. Below is a video explaining each method. Your assignment is in your...
Assets such as receivables, inventory, and property, plant, and equipment are the key resources used to...
Assets such as receivables, inventory, and property, plant, and equipment are the key resources used to help an organization generate revenue. Select a specific asset within these three types and discuss how a company can use this to generate revenue. select the asset account of Coca-Cola. Provide an illustration/example of a transaction that would occur from the organization generating revenue. Clearly describe an example and reflect both the debit and credit entries one would record. Then, explain how those entries...
Assets such as receivables, inventory, and property, plant, and equipment are the key resources used to...
Assets such as receivables, inventory, and property, plant, and equipment are the key resources used to help an organization generate revenue. Select a specific asset within these three types and discuss how a company can use this to generate revenue. further explanation select one of the asset accounts in the discussion topic. Provide an illustration/example of a transaction that would occur from the organization generating revenue. Clearly describe an example and reflect both the debit and credit entries one would...
For the purposes of recognising property, plant and equipment assets the acquisition date is the date:...
For the purposes of recognising property, plant and equipment assets the acquisition date is the date: the contract to exchange assets is signed. on which the acquirer obtains control of the asset. on which the contract to acquire the asset becomes unconditional. the consideration is paid. The cost of property, plant and equipment is only recognised if the cost of the asset can be reliably measured and: the cost is not directly attributable to the asset. the asset has been...
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment,...
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment, and the firm has no excess cash. The firm has total assets of $2.7 million and net plant and equipment equals $2.4 million. It has notes payable of $160,000, long-term debt of $755,000, and total common equity of $1.45 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has...
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment....
The assets of Dallas & Associates consist entirely of current assets and net plant and equipment. The firm has total assets of $2.8 million and net plant and equipment equals $2.5 million. It has notes payable of $140,000, long-term debt of $745,000, and total common equity of $1.55 million. The firm does have accounts payable and accruals on its balance sheet. The firm only finances with debt and common equity, so it has no preferred stock on its balance sheet....
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT