Presented here are summarized data from the balance sheets and income statements of Wiper, Inc.:

e. If Wiper stock had a price/earnings ratio of 14 at the end of 2017 what was the market price of the stock

f.Calculate the cash dividend per share for 2017 and the dividend yield base on the market price calculated in part E

g.Calculate the dividend payout ratio for 2017

h.Assume acct receviable at Dec 31, 2017 totaled 315 million. Calculate the number of days in receivables at that date.

I.Calculate Wipers debt ratio at Dec 31,2017 and 2016

J. Calculate the times interest earned ratio of 2017 and 2016

I need answer of Question 6?

Below is the unadjusted trial balance for Walton Anvils as of December 31, 2016, and the data for the adjustments.

Adjustment Data

Question no. 6

Below is the unadjusted trial balance for Walton Anvils as of December 31, 2016, and the data for the adjustments. There is also an Excel Template for this problem that you may download and use (or you may use your own).

Adjustment Data

Requirements

Open T-accounts using the balances in the unadjusted trial balance.

Complete the worksheet for the year ended December 31, 2016.

Prepare the adjusting entries and post to the T-accounts.

Prepare the adjusted trial balance.

Prepare the income statement, the statement of retained earnings, and the classified balance sheet in report form.

Prepare the closing entries and post to the T-accounts.

Prepare a post-closing trial balance.

Calculate the current ratio for the company.

Bethesda Mining Company reports the following balance sheet information for 2015 and 2016.

Based on the balance sheets given for Bethesda Mining, calculate the following financial ratios for each year:

c. Cash ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

d. Debt−equity ratio and equity multiplier. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

e. Total debt ratio. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Deferred Tax Calculations (Appendix)

Wyhowski Inc. reported income from operations, before taxes, for 2015-2017 as follows:

When calculating income, Wyhowski deducted depreciation on plant equipment. The equipment was purchased January 1, 2015, at a cost of $101,000. The equipment is expected to last three years and have a(n) $8,000 salvage value. Wyhowski uses straight-line depreciation for book purposes. For tax purposes, depreciation on the equipment is $58,000 in 2015, $23,000 in 2016, and $12,000 in 2017. Wyhowski's tax rate is 35%.

Required:

Enter all amounts as positive numbers.

1. How much did Wyhowski pay in income tax each year? If required, round all calculations to the nearest dollar.

2. How much income tax expense did Wyhowski record each year?

3. What is the balance in the Deferred Income Tax account at the end of 2015, 2016, and 2017? If your answer is zero, enter "0". If required, round all calculations to the nearest dollar.

On October 29, 2016, Lobo Co. began operations by purchasing razors for resale. Lobo uses the perpetual inventory method. The razors have a 90-day warranty that requires the company to replace any nonworking razor. When a razor is returned, the company discards it and mails a new one from Merchandise Inventory to the customer. The company's cost per new razor is $15 and its retail selling price is $90 in both 2016 and 2017. The manufacturer has advised the company to expect warranty costs to equal 8% of dollar sales. The following transactions and events occurred.

2016

2017

1.2. How much warranty expense is reported for November 2016 and for December 2016?

1.3. How much warranty expense is reported for January 2017?

1.4. What is the balance of the Estimated Warranty Liability account as of December 31, 2016?

Johnson Corporation began 2016 with inventory of 10,000 units of its only product. The units cost $8 each. The company uses a periodic inventory system and the LIFO cost method. The following transactions occurred during 2016:

a. Purchased 50,000 additional units at a cost of $10 per unit. Terms of the purchases were 2/10, n/30, and 100% of the purchases were paid for within the 10-day discount period. The company uses the gross method to record purchase discounts. The merchandise was purchased f.o.b. shipping point and freight charges of $.50 per unit were paid by Johnson.

b. 1,000 units purchased during the year were returned to suppliers for credit. Johnson was also given credit for the freight charges of $.50 per unit it had paid on the original purchase. The units were defective and were returned two days after they were received.

c. Sales for the year totaled 45,000 units at $18 per unit.

d. On December 28, 2016, Johnson purchased 5,000 additional units at $10 each. The goods were shipped f.o.b. destination and arrived at Johnson's warehouse on January 4, 2017.

e. 14,000 units were on hand at the end of 2016.

Required:

1. Determine ending inventory and cost of goods sold for 2016.

2. Assuming that operating expenses other than those indicated in the above transactions amounted to $150,000, determine income before income taxes for 2016.

Convertible Preferred Stock, Convertible Bonds, and EPS

Francis Company has 31,200 shares of common stock outstanding at the beginning of 2016. Francis issued 3,900 additional shares on May 1 and 2,600 additional shares on September 30. It also has two convertible securities outstanding at the end of 2016. These are:

1. Convertible preferred stock: 3,250 shares of 9.0%, $50 par, preferred stock were issued on January 2, 2013, for $60 per share. Each share of preferred stock is convertible into 3 shares of common stock. Current dividends have been declared and paid. To date, no preferred stock has been converted.
2. Convertible bonds: Bonds with a face value of $325000 and an interest rate of 5.0% were issued at par in 2015. Each $1000 bond is convertible into 25 shares of common stock. To date, no bonds have been converted.

Francis earned net income of $79000 during 2016. The income tax rate is 30%.

Required:

1. Compute the number of shares of common stock that Francis should use in calculating basic earnings per share for 2016.

Weighted average shares outstanding:  shares

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2. Calculate basic earnings per share for 2016. If required, round your answer to two decimal places.

Basic earnings per share: $

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3. Calculate diluted earnings per share for 2016 and the incremental EPS of the preferred stock and convertible bonds. If required, round your answers to two decimal places.

Diluted earnings per share: $