Question
In: Finance
Fictishus Inc. Balance Sheet As of December 31, 2019 ASSETSLIABILITIES AND SHAREHOLDERS EQUITY Current AssetsCurrent Liabilities...
Fictishus Inc.
Balance Sheet
As of December 31, 2019
ASSETSLIABILITIES AND SHAREHOLDERS EQUITY
Current AssetsCurrent Liabilities
Cash 600Accounts Payable 800
Accounts Receivable 400Notes Payable 200
Inventory1,400Total Current Liabilities1,000
Investments1,200Long Term Debt2,800
Total Current Assets3,600TOTAL LIABILITIES3,800
Fixed Assets2,200
TOTAL ASSETS5,800Shareholders Equity
Common Stock2,000
Select 2019 Income Statement information:
-
Revenue:$8,100
-
Cost of Goods Sold:$5,400
-
SG&A Expense:$1,350
-
Net Income: $810
-
What is the current ratio?
-
What are the inventory days or turns (just specify which one)?
-
What are the days receivables?
-
What is the gross profit margin percentage?
-
What is the operating profit margin percentage?
-
What is the company’s Return on Equity?
Solutions
Expert Solution
| Current ratio | Current assets/Current liabilities | |||
| Current ratio | 3600/1000 | |||
| Current ratio | 3.6 | |||
| Inventory turnover | Cost of goods sold/Ending inventory | |||
| Inventory turnover | 5400/1400 | |||
| Inventory turnover | 3.86 | times | ||
| Inventory days | 365/Inventory turnover | |||
| Inventory days | 365/3.86 | |||
| Inventory days | 94.63 | days | ||
| Days receivables | Accounts receivables/Sales revenue per day | |||
| Days receivables | 400/(8100/365) | |||
| Days receivables | 400/22.19 | |||
| Days receivables | 18.02 | days | ||
| Gross profit margin | Gross profit/Sales revenue | |||
| Gross profit margin | (8100-5400)/8100 | |||
| Gross profit margin | 2700/8100 | |||
| Gross profit margin | 33.33% | |||
| Operating profit margin | Operating profit/Sales revenue | |||
| Operating profit margin | (8100-5400-1350)/8100 | |||
| Operating profit margin | 1350/8100 | |||
| Operating profit margin | 16.67% | |||
| Return on equity | Net income/Shareholder's equity | |||
| Return on equity | 810/2000 | |||
| Return on equity | 40.50% | |||
jeff jeffy answered 1 year agoRelated Solutions
The Shareholders’ Equity section of Hamilton Design Company’s December 31, 2019, balance sheet appeared as follows:...
The Shareholders’ Equity section of Hamilton Design Company’s
December 31, 2019, balance sheet appeared as follows:
Contributed Capital:
Preferred stock, 6%, $100 par (10,000 shares authorized, 1,250
shares issued)
$125,000
Additional paid-in capital on preferred stock
$55,000
Common
stock, $10 par (60,000 shares authorized, 15,000 shares issued
$150,000
Additional paid-in capital on common stock
$105,000
Total contributed capital
$435,000
Retained
earnings
$78,000
Contributed capital and retained earnings
$513,000
Less:
Treasury Stock (300 shares of common at $14 per share)
($4,200)...
The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts at December 31,...
The balance sheet of Consolidated Paper, Inc., included the
following shareholders’ equity accounts at December 31,
2017:
Paid-in
capital:
Preferred stock, 8.5%, 94,000
shares at $1 par
$
94,000
Common stock, 444,400 shares at
$1 par
444,400
Paid-in capital—excess of par,
preferred
1,555,000
Paid-in capital—excess of par,
common
2,605,000
Retained earnings
9,345,000
Treasury stock, at cost; 4,400
common shares
(44,000
)
Total shareholders' equity
$
13,999,400
During 2018, several events and transactions affected the retained
earnings of Consolidated Paper.
Required:...
The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts at December 31,...
The balance sheet of Consolidated Paper, Inc., included the
following shareholders’ equity accounts at December 31,
2017:
Paid-in
capital:
Preferred stock, 7.5%, 82,000
shares at $1 par
$
82,000
Common stock, 323,200 shares at
$1 par
323,200
Paid-in capital—excess of par,
preferred
1,445,000
Paid-in capital—excess of par,
common
2,495,000
Retained earnings
8,245,000
Treasury stock, at cost; 3,200
common shares
(38,400
)
Total shareholders' equity
$
12,551,800
During 2018, several events and transactions affected the retained
earnings of Consolidated Paper.
Required:...
The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts at December 31,...
The balance sheet of Consolidated Paper, Inc., included the
following shareholders’ equity accounts at December 31, 2017:
Paid-in capital: Preferred stock, 7.0%, 91,000 shares at $1 par $
91,000 Common stock, 414,100 shares at $1 par 414,100 Paid-in
capital—excess of par, preferred 1,525,000 Paid-in capital—excess
of par, common 2,575,000 Retained earnings 9,045,000 Treasury
stock, at cost; 4,100 common shares (41,000 ) Total shareholders'
equity $ 13,609,100 During 2018, several events and transactions
affected the retained earnings of Consolidated Paper. Required:...
The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts at December 31,...
The balance sheet of Consolidated Paper, Inc., included the
following shareholders’ equity accounts at December 31,
2017:
Paid-in capital:
Preferred stock, 8.0%, 85,000 shares at $1 par
$
85,000
Common stock, 353,500 shares at $1 par
353,500
Paid-in capital—excess of par, preferred
1,475,000
Paid-in capital—excess of par, common
2,525,000
Retained earnings
8,545,000
Treasury stock, at cost; 3,500 common shares
(38,500
)
Total shareholders' equity
$
12,945,000
During 2018, several events and transactions affected the retained
earnings of Consolidated Paper.
Required:...
The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts at December 31,...
The balance sheet of Consolidated Paper, Inc., included the
following shareholders’ equity accounts at December 31, 2015:
Paid-in capital:
Preferred stock, 8.8%,
90,000 shares at $1 par
$
90,000
Common stock, 364,000
shares at $1 par
364,000
Paid-in capital—excess of
par, preferred
1,437,000
Paid-in capital—excess of
par, common
2,574,000
Retained earnings
9,735,000
Treasury stock, at cost; 4,000 common shares
(44,000
)
Total shareholders' equity
$
14,156,000
During 2016, several events and transactions affected the
retained earnings of Consolidated Paper.
Required:...
The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts at December 31,...
The balance sheet of Consolidated Paper, Inc., included the
following shareholders’ equity accounts at December 31, 2015:
Paid-in
capital:
Preferred stock, 8.0%, 93,000
shares at $1 par
$
93,000
Common stock, 434,300 shares at
$1 par
434,300
Paid-in capital—excess of par,
preferred
1,545,000
Paid-in capital—excess of par,
common
2,595,000
Retained
earnings
9,245,000
Treasury stock, at
cost; 4,300 common shares
(51,600
)
Total shareholders'
equity
$
13,860,700
During 2016, several events and
transactions affected the retained earnings of Consolidated
Paper.
Required:...
The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts at December 31,...
The balance sheet of Consolidated Paper, Inc., included the
following shareholders’ equity accounts at December 31,
2017:
Paid-in
capital:
Preferred stock, 8.0%, 83,000
shares at $1 par
$
83,000
Common stock, 333,300 shares at
$1 par
333,300
Paid-in capital—excess of par,
preferred
1,455,000
Paid-in capital—excess of par,
common
2,505,000
Retained earnings
8,345,000
Treasury stock, at cost; 3,300
common shares
(36,300
)
Total shareholders' equity
$
12,685,000
During 2018, several events and transactions affected the retained
earnings of Consolidated Paper.
Required:...
The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts at December 31,...
The balance sheet of Consolidated Paper, Inc., included the
following shareholders’ equity accounts at December 31, 2020:
Paid-in capital:
Preferred stock, 7.5%, 98,000 shares at $1 par
$
98,000
Common stock, 484,800 shares at $1 par
484,800
Paid-in capital—excess of par, preferred
1,595,000
Paid-in capital—excess of par, common
2,645,000
Retained earnings
9,745,000
Treasury stock, at cost; 4,800 common shares
(52,800
)
Total shareholders' equity
$
14,515,000
During 2021, several events and transactions affected the retained
earnings of Consolidated Paper.
Required:...
The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts at December 31,...
The balance sheet of Consolidated Paper, Inc., included the
following shareholders’ equity accounts at December 31, 2017:
Paid-in capital: Preferred stock, 8.8%, 95,000 shares at $1 par $
95,000 Common stock, 454,500 shares at $1 par 454,500 Paid-in
capital—excess of par, preferred 1,565,000 Paid-in capital—excess
of par, common 2,615,000 Retained earnings 9,445,000 Treasury
stock, at cost; 4,500 common shares (49,500 ) Total shareholders'
equity $ 14,125,000 During 2018, several events and transactions
affected the retained earnings of Consolidated Paper. Required:...
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