For the Dinera Corp. in 2014: Balance Sheet : Dec 31, 2014 | Dec 31, 2013...

For the Dinera Corp. in 2014:

Balance Sheet : Dec 31, 2014 | Dec 31, 2013
Accounts Payable : 87,000 | 82,600
Taxes Payable : 2,500 | 15,000
Short-Term Debt : 20,000 | 20,000
Long-Term Debt : 100,000 | 100,000
Common stock ($0.10 par) : 520 | 500
Additional paid in capital : 32,500 | 40,000
Retained Earnings : 460,430 | answer
Treasury Stock, (2000, 1600 shares) : (15,000) | (10,000)
◊―――――――――――――――――――――――――――――◊
Income Statement : 2014
Net sales : 402,800
Cost of goods sold : 154,200
Selling and General Expenses : 69,000
Interest expense : 4,900
Earnings before Taxes : 174,700
Provision for Taxes on Income : 32,000
Net income : 142,700
◊―――――――――――――――――――――――――――――◊
Return on Equity : 0.3289

What were the retained earnings on Dec 31, 2013?

For the Bolloh Corp. [E5]:

Consolidated Balance Sheets (in thousands) Dec 31, 2018

Cash and cash equivalents : 157,100
Receivables, net : 210,400
Merchandise inventories, net : 253,900
Deferred income tax asset : 31,500
Prepaid expenses and other current assets : 42,800
Total current assets : 695,700

Net property and equipment : 230,800
Intangible assets, net : 56,300
Goodwill : 438,300
Other assets : 75,000
Total assets : 1,496,100

Accounts payable : 237,800
Accrued expenses and other current liabilities : 160,800
Debt maturing within one year : 62,700
Total current liabilities : 461,300

Long-term debt : 216,400
Other long-term obligations : 70,200

Common stock : 100
Additional paid-in capital : 466,500
Accumulated other comprehensive loss : (10,700)
Retained earnings : 698,200
Treasury stock : (406,700)
Total Staples, Inc. stockholders' equity : 747,400

Noncontrolling interests : 800
Total stockholders’ equity : 748,200
Total liabilities and stockholders' equity : 1,496,100

Compute the Net operating assets (NOA).

For the Brunkrissla Corp. in 2018:
Balance Sheet ($000s) : Dec 31, 2018 | Dec 31, 2017 | Average
◊――――――――――――――――――――――――――◊
Cash : $526,800 | 125,000 | 325,900
Accounts receivable, net : $580,500 | 260,000 | 420,250
Inventories : $817,000 | 650,000 | 733,500
Plant and equipment, net : $2,568,700 | 2,466,000 | 2,517,350
Goodwill : $1,101,900 | 80,000 | 590,950
Total Assets : $5,594,900 | 3,581,000 | 4,587,950
◊――――――――――――――――――――――――――◊
Accounts payable : $1,064,300 | 526,000 | 795,150
Federal income tax payable : $80,600 | 50,000 | 65,300
Short-Term Debt : $75,300 | | 37,650
Long-Term Debt : $1,419,000 | 1,000,000 | 1,209,500
Common stock ($0.10 par) : $5,600 | 5,000 | 5,300
Additional paid in capital : $478,400 | 400,000 | 439,200
Retained Earnings : $2,627,600 | 1,700,000 | 2,163,800
Treasury Stock, (2000, 1600 shares) : $(155,900) | (100,000) | 2,825,400
Total Liabilities and Equities : $5,594,900 | 3,581,000 | 4,587,950

◊――――――――――――――――――――――――――◊
Income Statement, Year Ended : Dec 31, 2018
Net sales : $342,000
Cost of goods sold : $160,200
Gross profit : $181,800
Selling and General Expenses : $75,000
Earnings from equity affiliates : $
Operating income : $106,800
Interest and dividend income : $
Interest expense : $10,900
Earnings before Taxes : $95,900
Income tax expense : $38,000
Net income : $57,900
◊――――――――――――――――――――――――――◊
What is the Current Ratio for Brunkrissla Corp. on Dec 31, 2018?

For the Bryne Corp. in 2018:
Balance Sheet ($000s) : Dec 31, 2018 | Dec 31, 2017 | Average
◊―――――――――――――――――――――――――――――◊
Cash : $490,000 | 125,000 | 307,500
Accounts receivable, net : $540,000 | 260,000 | 400,000
Inventories : $760,000 | 650,000 | 705,000
Plant and equipment, net : $3,389,500 | 2,466,000 | 2,927,750
Goodwill : $25,000 | 80,000 | 52,500
Total Assets : 5,204,500 | 3,581,000 | 4,392,750
-----------------------------------------------------------------------------
Accounts payable : $990,000 | 526,000 | 758,000
Federal income tax payable : $145,000 | 50,000 | 97,500
Short-Term Debt : $ | |
Long-Term Debt : $1,320,000 | 1,000,000 | 1,160,000
Common stock ($0.10 par) : $5,200 | 5,000 | 5,100
Additional paid in capital : $445,000 | 400,000 | 422,500
Retained Earnings : $2,444,300 | 1,700,000 | 2,072,150
Treasury Stock, (2000, 1600 shares) : $(145,000) | (100,000) | (122,500)
Total Liabilities and Equities : $5,204,500 | 3,581,000 | 4,392,750

-----------------------------------------------------------------------------
Income Statement Year Ended Dec 31, 2018
Net sales 3,424,900
Cost of goods sold 1,590,600
Gross profit 1,834,300
Selling and General Expenses 710,000
Earnings from equity affiliates
Interest expense 71,500
Earnings before Taxes 1,052,800
Income tax expense 339,991
Net income 712,809
-----------------------------------------------------------------------------
How much is the Times interest earned for Bryne Corp. in 2018?

Expert Solution

For the Dinera Corp. in 2014:
Sr. No.	Particulars		Amount
1	Retained Earning	As on Dec-14	4,60,430
2	Net Income		1,42,700
3	Retained Earning ( 1-2)	As on Dec-13	3,17,730

For the Bolloh Corp. [E5]:
Sr. No.	Particulars		Amount
1	Total Assets		14,96,100
2	Less: Current Liabilites		4,61,300
3	Net Opearitng Assets		10,34,800

For the Brunkrissla Corp. in 2018:
Sr. No.	Particulars		Amount
1	Current Assets		19,24,300
2	Current Liabilites		11,39,600
3	Current Ratio (1/2)		1.69

For the Bryne Corp. in 2018:
Sr. No.	Particulars		Amount
1	EBIT		11,24,300
2	Interest Expense		71,500
3	Times Interest Earned. (1/2)		15.72

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