# Finc 330 homework 1 a-f

Quiz Submissions – Homework #1A (Financial Statements)

Question 1

Advantage First Corporation has sales of \$4,270,039; income tax of \$330,994; the selling, general and administrative expenses of \$251,095; depreciation of \$358,481; cost of goods sold of \$2,783,792; and interest expense of \$122,206. What is the amount of the firm’s EBIT?

Question 2

Evening Story Corporation has sales of \$4,175,188; income tax of \$527,953; the selling, general and administrative expenses of \$207,369; depreciation of \$318,655; cost of goods sold of \$2,417,855; and interest expense of \$153,049. Calculate the amount of the firm’s gross profit.

Question 3

Banana Box Corporation has sales of \$4,010,900; income tax of \$458,731; the selling, general and administrative expenses of \$273,422; depreciation of \$347,802; cost of goods sold of \$2,543,815; and interest expense of \$129,890. Calculate the amount of the firm’s income before tax?

Question 4

Garden Pro Corporation has sales of \$4,713,880; income tax of \$350,738; the selling, general and administrative expenses of \$282,512; depreciation of \$341,403; cost of goods sold of \$2,859,703; and interest expense of \$163,941. Calculate the firm’s net income?

Question 5

Killer Whale, Inc. has the following balance sheet statement items: total current liabilities of \$711,218; net fixed and other assets of \$1,640,294; total assets of \$2,873,123; and long-term debt of \$613,967. What is the amount of the firm’s current assets?

Question 6

Purple Dalia, Inc. has the following balance sheet statement items: current liabilities of \$600,156; net fixed and other assets of \$1,176,268; total assets of \$3,175,573; and long-term debt of \$972,215. What is the amount of the firm’s total stockholder’s equity?

Question 7

Scare Train, Inc. has the following balance sheet statement items: current liabilities of \$848,770; net fixed and other assets of \$1,458,752; total assets of \$3,344,882; and long-term debt of \$640,871. What is the amount of the firm’s net working capital?

Question 8

Moby Dick Corporation has sales of \$4,030,826; income tax of \$541,002; the selling, general and administrative expenses of \$233,069; depreciation of \$331,545; cost of goods sold of \$2,723,184; and interest expense of \$109,959. Calculate the amount of the firm’s after-tax cash flow from operations?

Quiz Submissions – Homework #1B (DuPont analysis, Return on Investment Ratios)

Question 1

Vintage, Inc. has a total asset turnover of 0.91 and a net profit margin of 5.83 percent. The total assets to equity ratio for the firm is 3.5. Calculate Vintage’s return on equity.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

%Question 2

American Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s Basic Earning Power ratio.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

Balance Sheet December 31, 2010

Cash and marketable securities\$102,000Accounts payable\$287,000Accounts receivable\$299,000Notes payable\$61,200Inventories\$628,000Accrued expenses\$51,900Prepaid expenses\$10,300Total current liabilities\$400,100Total current assets\$1,039,300Long-term debt\$415,000Gross fixed assets\$1,502,000Par value and paid-in-capital\$376,000Less: accumulated depreciation\$312,000Retained Earnings\$1,038,200Net fixed assets\$1,190,000Common Equity1,414,200Total assets\$2,229,300Total liabilities and owner’s equity\$2,229,300

Income statement, Year of 2010

Net sales (all credit)\$6,387,700.00Less: Cost of goods sold\$4,726,898.00Selling and administrative expenses\$345,000.00Depreciation expense\$148,000.00EBIT\$1,167,802.00Interest expense\$50,600.00Earnings before taxes\$1,117,202.00Income taxes\$446,880.80Net income\$670,321.20

Question 3

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate Return on Assets.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

Balance Sheet December 31, 2012

Cash and marketable securities\$198,000Accounts payable\$288,000Accounts receivable\$469,000Notes payable\$65,000Inventories\$577,000Accrued expenses\$84,000Prepaid expenses\$15,700Total current liabilities\$437,000Total current assets\$1,259,700Long-term debt\$237,000Gross fixed assets\$1,954,000Par value and paid-in-capital\$199,000Less: accumulated depreciation\$476,000Retained Earnings\$1,864,700Net fixed assets\$1,478,000Common Equity2,063,700Total assets\$2,737,700Total liabilities and owner’s equity\$2,737,700

Income Statement, Year of 2012

Net sales (all credit)\$7,546,600.00Less: Cost of goods sold\$6,112,746.00Selling and administrative expenses\$349,000.00Depreciation expense\$145,000.00EBIT\$939,854.00Interest expense\$49,500.00Earnings before taxes\$890,354.00Income taxes\$356,141.60Net income\$534,212.40

%Question 4

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate Return on Common Equity.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

Balance Sheet December 31, 2012

Cash and marketable securities\$198,000Accounts payable\$288,000Accounts receivable\$469,000Notes payable\$65,000Inventories\$577,000Accrued expenses\$84,000Prepaid expenses\$15,700Total current liabilities\$437,000Total current assets\$1,259,700Long-term debt\$237,000Gross fixed assets\$1,954,000Par value and paid-in-capital\$199,000Less: accumulated depreciation\$476,000Retained Earnings\$1,864,700Net fixed assets\$1,478,000Common Equity2,063,700Total assets\$2,737,700Total liabilities and owner’s equity\$2,737,700

Income Statement, Year of 2012

Net sales (all credit)\$7,546,600.00Less: Cost of goods sold\$6,112,746.00Selling and administrative expenses\$349,000.00Depreciation expense\$145,000.00EBIT\$939,854.00Interest expense\$49,500.00Earnings before taxes\$890,354.00Income taxes\$356,141.60Net income\$534,212.40

%

Quiz Submissions – Homework #1C (Operating performance ratios)

Question 1

1. a)Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, and using a 365-day year, calculate Average Day’s Cost of Goods Sold.

Round the answers to two decimal places

Balance Sheet December 31, 2012

Cash and marketable securities\$198,000Accounts payable\$288,000Accounts receivable\$469,000Notes payable\$65,000Inventories\$577,000Accrued expenses\$84,000Prepaid expenses\$15,700Total current liabilities\$437,000Total current assets\$1,259,700Long-term debt\$237,000Gross fixed assets\$1,954,000Par value and paid-in-capital\$199,000Less: accumulated depreciation\$476,000Retained Earnings\$1,864,700Net fixed assets\$1,478,000Common Equity2,063,700Total assets\$2,737,700Total liabilities and owner’s equity\$2,737,700

Income Statement, Year of 2012

Net sales (all credit)\$7,546,600.00Less: Cost of goods sold\$6,112,746.00Selling and administrative expenses\$349,000.00Depreciation expense\$145,000.00EBIT\$939,854.00Interest expense\$49,500.00Earnings before taxes\$890,354.00Income taxes\$356,141.60Net income\$534,212.40

Question 2

1. a)Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, and using cost of goods sold and a 365-day year, calculate Days of Sales in Inventory (using cost of goods sold).

Round the answers to two decimal places

Balance Sheet December 31, 2012

Cash and marketable securities\$198,000Accounts payable\$288,000Accounts receivable\$469,000Notes payable\$65,000Inventories\$577,000Accrued expenses\$84,000Prepaid expenses\$15,700Total current liabilities\$437,000Total current assets\$1,259,700Long-term debt\$237,000Gross fixed assets\$1,954,000Par value and paid-in-capital\$199,000Less: accumulated depreciation\$476,000Retained Earnings\$1,864,700Net fixed assets\$1,478,000Common Equity2,063,700Total assets\$2,737,700Total liabilities and owner’s equity\$2,737,700

Income Statement, Year of 2012

Net sales (all credit)\$7,546,600.00Less: Cost of goods sold\$6,112,746.00Selling and administrative expenses\$349,000.00Depreciation expense\$145,000.00EBIT\$939,854.00Interest expense\$49,500.00Earnings before taxes\$890,354.00Income taxes\$356,141.60Net income\$534,212.40

Question 3

1. a)American Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, and using a 365-day year, calculate Average Credit Sales per Day.

Round the answers to two decimal places

Balance Sheet December 31, 2010

Cash and marketable securities\$102,000Accounts payable\$287,000Accounts receivable\$299,000Notes payable\$61,200Inventories\$628,000Accrued expenses\$51,900Prepaid expenses\$10,300Total current liabilities\$400,100Total current assets\$1,039,300Long-term debt\$415,000Gross fixed assets\$1,502,000Par value and paid-in-capital\$376,000Less: accumulated depreciation\$312,000Retained Earnings\$1,038,200Net fixed assets\$1,190,000Common Equity1,414,200Total assets\$2,229,300Total liabilities and owner’s equity\$2,229,300

Income statement, Year of 2010

Net sales (all credit)\$6,387,700.00Less: Cost of goods sold\$4,726,898.00Selling and administrative expenses\$345,000.00Depreciation expense\$148,000.00EBIT\$1,167,802.00Interest expense\$50,600.00Earnings before taxes\$1,117,202.00Income taxes\$446,880.80Net income\$670,321.20

Question 4

1. a)Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, and using a 365-day year, calculate the average collection period (also called Days of Sales in Receivables or Number of Days of Credit).

Round the answers to two decimal places

Balance Sheet December 31, 2015

Cash and marketable securities\$187,000Accounts payable\$217,000Accounts receivable\$498,000Notes payable\$51,500Inventories\$799,000Accrued expenses\$58,300Prepaid expenses\$19,300Total current liabilities\$326,800Total current assets\$1,503,300Long-term debt\$215,400Gross fixed assets\$1,978,000Par value and paid-in-capital\$128,000Less: accumulated depreciation\$478,000Retained Earnings\$2,333,100Net fixed assets\$1,500,000Common Equity2,461,100Total assets\$3,003,300Total liabilities and owner’s equity\$3,003,300

Income Statement, Year of 2015

Net sales (all credit)\$5,386,600.00Less: Cost of goods sold\$3,716,754.00Selling and administrative expenses\$329,000.00Depreciation expense\$138,000.00EBIT\$1,202,846.00Interest expense\$39,600.00Earnings before taxes\$1,163,246.00Income taxes\$465,298.40Net income\$697,947.60

Quiz Submissions – Homework #1D Liquidity and Profitability Ratios

Question 1

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s current ratio.

Round the answers to two decimal places

Balance Sheet December 31, 2014

Cash and marketable securities\$132,000Accounts payable\$399,000Accounts receivable\$311,000Notes payable\$98,500Inventories\$512,000Accrued expenses\$89,300Prepaid expenses\$11,300Total current liabilities\$586,800Total current assets\$966,300Long-term debt\$799,400Gross fixed assets\$2,104,000Par value and paid-in-capital\$298,000Less: accumulated depreciation\$398,000Retained Earnings\$988,100Net fixed assets\$1,706,000Common Equity1,286,100Total assets\$2,672,300Total liabilities and owner’s equity\$2,672,300

Income Statement, Year of 2014

Net sales (all credit)\$4,276,600.00Less: Cost of goods sold\$3,292,982.00Selling and administrative expenses\$349,000.00Depreciation expense\$148,000.00EBIT\$486,618.00Interest expense\$49,600.00Earnings before taxes\$437,018.00Income taxes\$174,807.20Net income\$262,210.80

Question 2

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s acid-test ratio (quick ratio).

Round the answers to two decimal places

Balance Sheet December 31, 2010

Cash and marketable securities\$102,000Accounts payable\$287,000Accounts receivable\$299,000Notes payable\$61,200Inventories\$628,000Accrued expenses\$51,900Prepaid expenses\$10,300Total current liabilities\$400,100Total current assets\$1,039,300Long-term debt\$415,000Gross fixed assets\$1,502,000Par value and paid-in-capital\$376,000Less: accumulated depreciation\$312,000Retained Earnings\$1,038,200Net fixed assets\$1,190,000Common Equity1,414,200Total assets\$2,229,300Total liabilities and owner’s equity\$2,229,300

Income statement, Year of 2010

Net sales (all credit)\$6,387,700.00Less: Cost of goods sold\$4,726,898.00Selling and administrative expenses\$345,000.00Depreciation expense\$148,000.00EBIT\$1,167,802.00Interest expense\$50,600.00Earnings before taxes\$1,117,202.00Income taxes\$446,880.80Net income\$670,321.20

Question 3

American Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, caluclate the firm’s the net-working capital – to-sales ratio.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

Balance Sheet December 31, 2010

Cash and marketable securities\$102,000Accounts payable\$287,000Accounts receivable\$299,000Notes payable\$61,200Inventories\$628,000Accrued expenses\$51,900Prepaid expenses\$10,300Total current liabilities\$400,100Total current assets\$1,039,300Long-term debt\$415,000Gross fixed assets\$1,502,000Par value and paid-in-capital\$376,000Less: accumulated depreciation\$312,000Retained Earnings\$1,038,200Net fixed assets\$1,190,000Common Equity1,414,200Total assets\$2,229,300Total liabilities and owner’s equity\$2,229,300

Income statement, Year of 2010

Net sales (all credit)\$6,387,700.00Less: Cost of goods sold\$4,726,898.00Selling and administrative expenses\$345,000.00Depreciation expense\$148,000.00EBIT\$1,167,802.00Interest expense\$50,600.00Earnings before taxes\$1,117,202.00Income taxes\$446,880.80Net income\$670,321.20

%Question 4

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s gross profit margin.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

Balance Sheet December 31, 2013

Cash and marketable securities\$112,000Accounts payable\$211,000Accounts receivable\$325,000Notes payable\$51,500Inventories\$426,000Accrued expenses\$50,100Prepaid expenses\$10,700Total current liabilities\$312,600Total current assets\$873,700Long-term debt\$225,000Gross fixed assets\$1,514,000Par value and paid-in-capital\$117,000Less: accumulated depreciation\$315,000Retained Earnings\$1,418,100Net fixed assets\$1,199,000Common Equity1,535,100Total assets\$2,072,700Total liabilities and owner’s equity\$2,072,700

Income Statement, Year of 2013

Net sales (all credit)\$3,256,600.00Less: Cost of goods sold\$2,572,714.00Selling and administrative expenses\$323,000.00Depreciation expense\$115,000.00EBIT\$245,886.00Interest expense\$29,600.00Earnings before taxes\$216,286.00Income taxes\$86,514.40Net income\$129,771.60

%Question 5

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s the operating profit margin.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

Balance Sheet December 31, 2012

Cash and marketable securities\$198,000Accounts payable\$288,000Accounts receivable\$469,000Notes payable\$65,000Inventories\$577,000Accrued expenses\$84,000Prepaid expenses\$15,700Total current liabilities\$437,000Total current assets\$1,259,700Long-term debt\$237,000Gross fixed assets\$1,954,000Par value and paid-in-capital\$199,000Less: accumulated depreciation\$476,000Retained Earnings\$1,864,700Net fixed assets\$1,478,000Common Equity2,063,700Total assets\$2,737,700Total liabilities and owner’s equity\$2,737,700

Income Statement, Year of 2012

Net sales (all credit)\$7,546,600.00Less: Cost of goods sold\$6,112,746.00Selling and administrative expenses\$349,000.00Depreciation expense\$145,000.00EBIT\$939,854.00Interest expense\$49,500.00Earnings before taxes\$890,354.00Income taxes\$356,141.60Net income\$534,212.40

%Question 6

American Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s net profit margin.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

Balance Sheet December 31, 2010

Cash and marketable securities\$102,000Accounts payable\$287,000Accounts receivable\$299,000Notes payable\$61,200Inventories\$628,000Accrued expenses\$51,900Prepaid expenses\$10,300Total current liabilities\$400,100Total current assets\$1,039,300Long-term debt\$415,000Gross fixed assets\$1,502,000Par value and paid-in-capital\$376,000Less: accumulated depreciation\$312,000Retained Earnings\$1,038,200Net fixed assets\$1,190,000Common Equity1,414,200Total assets\$2,229,300Total liabilities and owner’s equity\$2,229,300

Income statement, Year of 2010

Net sales (all credit)\$6,387,700.00Less: Cost of goods sold\$4,726,898.00Selling and administrative expenses\$345,000.00Depreciation expense\$148,000.00EBIT\$1,167,802.00Interest expense\$50,600.00Earnings before taxes\$1,117,202.00Income taxes\$446,880.80Net income\$670,321.20

%

Quiz Submissions – Homework #1E (Activity and Leverage Ratios)

Question 1

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s inventory turnover ratio.

Round the answers to two decimal places

Balance Sheet December 31, 2012

Cash and marketable securities\$198,000Accounts payable\$288,000Accounts receivable\$469,000Notes payable\$65,000Inventories\$577,000Accrued expenses\$84,000Prepaid expenses\$15,700Total current liabilities\$437,000Total current assets\$1,259,700Long-term debt\$237,000Gross fixed assets\$1,954,000Par value and paid-in-capital\$199,000Less: accumulated depreciation\$476,000Retained Earnings\$1,864,700Net fixed assets\$1,478,000Common Equity2,063,700Total assets\$2,737,700Total liabilities and owner’s equity\$2,737,700

Income Statement, Year of 2012

Net sales (all credit)\$7,546,600.00Less: Cost of goods sold\$6,112,746.00Selling and administrative expenses\$349,000.00Depreciation expense\$145,000.00EBIT\$939,854.00Interest expense\$49,500.00Earnings before taxes\$890,354.00Income taxes\$356,141.60Net income\$534,212.40

Question 2

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s accounts receivable turnover ratio.

Round the answers to two decimal places

Balance Sheet December 31, 2015

Cash and marketable securities\$187,000Accounts payable\$217,000Accounts receivable\$498,000Notes payable\$51,500Inventories\$799,000Accrued expenses\$58,300Prepaid expenses\$19,300Total current liabilities\$326,800Total current assets\$1,503,300Long-term debt\$215,400Gross fixed assets\$1,978,000Par value and paid-in-capital\$128,000Less: accumulated depreciation\$478,000Retained Earnings\$2,333,100Net fixed assets\$1,500,000Common Equity2,461,100Total assets\$3,003,300Total liabilities and owner’s equity\$3,003,300

Income Statement, Year of 2015

Net sales (all credit)\$5,386,600.00Less: Cost of goods sold\$3,716,754.00Selling and administrative expenses\$329,000.00Depreciation expense\$138,000.00EBIT\$1,202,846.00Interest expense\$39,600.00Earnings before taxes\$1,163,246.00Income taxes\$465,298.40Net income\$697,947.60

Question 3

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s accounts receivable turnover ratio.

Round the answers to two decimal places

Balance Sheet December 31, 2013

Cash and marketable securities\$112,000Accounts payable\$211,000Accounts receivable\$325,000Notes payable\$51,500Inventories\$426,000Accrued expenses\$50,100Prepaid expenses\$10,700Total current liabilities\$312,600Total current assets\$873,700Long-term debt\$225,000Gross fixed assets\$1,514,000Par value and paid-in-capital\$117,000Less: accumulated depreciation\$315,000Retained Earnings\$1,418,100Net fixed assets\$1,199,000Common Equity1,535,100Total assets\$2,072,700Total liabilities and owner’s equity\$2,072,700

Income Statement, Year of 2013

Net sales (all credit)\$3,256,600.00Less: Cost of goods sold\$2,572,714.00Selling and administrative expenses\$323,000.00Depreciation expense\$115,000.00EBIT\$245,886.00Interest expense\$29,600.00Earnings before taxes\$216,286.00Income taxes\$86,514.40Net income\$129,771.60

Question 4

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s fixed asset turnover ratio.

Round the answers to two decimal places

Balance Sheet December 31, 2012

Cash and marketable securities\$198,000Accounts payable\$288,000Accounts receivable\$469,000Notes payable\$65,000Inventories\$577,000Accrued expenses\$84,000Prepaid expenses\$15,700Total current liabilities\$437,000Total current assets\$1,259,700Long-term debt\$237,000Gross fixed assets\$1,954,000Par value and paid-in-capital\$199,000Less: accumulated depreciation\$476,000Retained Earnings\$1,864,700Net fixed assets\$1,478,000Common Equity2,063,700Total assets\$2,737,700Total liabilities and owner’s equity\$2,737,700

Income Statement, Year of 2012

Net sales (all credit)\$7,546,600.00Less: Cost of goods sold\$6,112,746.00Selling and administrative expenses\$349,000.00Depreciation expense\$145,000.00EBIT\$939,854.00Interest expense\$49,500.00Earnings before taxes\$890,354.00Income taxes\$356,141.60Net income\$534,212.40

Question 5

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s total debt-to-assets ratio ratio (also called Debt ratio).

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

Balance Sheet December 31, 2013

Cash and marketable securities\$112,000Accounts payable\$211,000Accounts receivable\$325,000Notes payable\$51,500Inventories\$426,000Accrued expenses\$50,100Prepaid expenses\$10,700Total current liabilities\$312,600Total current assets\$873,700Long-term debt\$225,000Gross fixed assets\$1,514,000Par value and paid-in-capital\$117,000Less: accumulated depreciation\$315,000Retained Earnings\$1,418,100Net fixed assets\$1,199,000Common Equity1,535,100Total assets\$2,072,700Total liabilities and owner’s equity\$2,072,700

Income Statement, Year of 2013

Net sales (all credit)\$3,256,600.00Less: Cost of goods sold\$2,572,714.00Selling and administrative expenses\$323,000.00Depreciation expense\$115,000.00EBIT\$245,886.00Interest expense\$29,600.00Earnings before taxes\$216,286.00Income taxes\$86,514.40Net income\$129,771.60

%Question 6

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s total debt-to-equity ratio.

Round the answers to two decimal places in percentage form. (Write the percentage sign in the “units” box).

Balance Sheet December 31, 2014

Cash and marketable securities\$132,000Accounts payable\$399,000Accounts receivable\$311,000Notes payable\$98,500Inventories\$512,000Accrued expenses\$89,300Prepaid expenses\$11,300Total current liabilities\$586,800Total current assets\$966,300Long-term debt\$799,400Gross fixed assets\$2,104,000Par value and paid-in-capital\$298,000Less: accumulated depreciation\$398,000Retained Earnings\$988,100Net fixed assets\$1,706,000Common Equity1,286,100Total assets\$2,672,300Total liabilities and owner’s equity\$2,672,300

Income Statement, Year of 2014

Net sales (all credit)\$4,276,600.00Less: Cost of goods sold\$3,292,982.00Selling and administrative expenses\$349,000.00Depreciation expense\$148,000.00EBIT\$486,618.00Interest expense\$49,600.00Earnings before taxes\$437,018.00Income taxes\$174,807.20Net income\$262,210.80

%Question 7

Canadian Bacon Inc. financial statements are presented in the table below.

Based on the information in the table, calculate the firm’s Interest Coverage ratio (also called Times Interest Earned).

Round the answers to two decimal places.

Balance Sheet December 31, 2011

Cash and marketable securities\$143,000Accounts payable\$278,000Accounts receivable\$354,000Notes payable\$87,000Inventories\$672,000Accrued expenses\$65,000Prepaid expenses\$12,500Total current liabilities\$430,000Total current assets\$1,181,500Long-term debt\$284,000Gross fixed assets\$1,675,000Par value and paid-in-capital\$228,000Less: accumulated depreciation\$500,000Retained Earnings\$1,414,500Net fixed assets\$1,175,000Common Equity1,642,500Total assets\$2,356,500Total liabilities and owner’s equity\$2,356,500

Income Statement Year of 2011

Net sales (all credit)\$3,136,600.00Less: Cost of goods sold\$2,195,620.00Selling and administrative expenses\$345,000.00Depreciation expense\$146,000.00EBIT\$449,980.00Interest expense\$45,300.00Earnings before taxes\$404,680.00Income taxes\$161,872.00Net income\$242,808.00

Quiz Submissions – Homework #1F (Market Value Ratios)

Question 1

All Star Corp.’s stock price at the end of last year was \$115.61. The company’s earnings per share for the last year were \$19.97.  Calculate company’s P/E ratio.

Round the answer to two decimal places.

Question 2

Symphony Corp.’s stock price at the end of last year was \$76.25, and the company’s book value per share was \$42.62.  Calculate market/book ratio.

Round the answer to two decimal places.

Question 3

Last year, Holland Tulip Inc. paid \$26.14 million in common stock dividends. The company has 20.37 million shares outstanding. Calculate the firm’s dividends per share ratio.

Round the answer to two decimal places.

Question 4

Serenade Corp.’s cash flow last year was \$453.92 million. The company has 229.80 million shares outstanding.  What is the firm’s cash flow per share ratio?

Round the answer to two decimal places.

Question 5

Yellow Iris Corp.’s net income last year was \$244.58 million. The company has 29.03 million shares outstanding. What is the firm’s EPS?

Round the answer to two decimal places.

Question 6

Rose Water Corp.’s net income last year was \$244.42 million. The company has 106.97 million shares outstanding. The company’s stock price at the end of last year was \$115.79. What is the firm’s P/E ratio?

Round the answer to two decimal places.

Question 7

Cardamom Corp.’s total common equity is \$143.21 million. The company has 93.41 million shares outstanding. What is the firm’s book value per share?

Round the answer to two decimal places.

Question 8

Black Dahlia Corp.’s stock price at the end of last year was \$47.30. Black Dahlia Corp.’s total common equity is \$100.30 million. The company has 8.75 million shares outstanding. What is the firm’s market-to-book ratio?

Round the answer to two decimal places.

Question 9

Crab Feast Corp.’s cash flow last year was \$117.91 million. The company has 6.72 million shares outstanding. Crab Feast Corp.’s stock price at the end of last year was \$66.43.  What is the firm’s price-to-cash flow ratio?

Round the answer to two decimal places.

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Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At Papers Owl, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@acmehomework.com.

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Our Services

Papers Owl has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

## Essay Writing Services

At Papers Owl, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.