Exercise 14-11 AlgoThe following table lists the National Basketball Association's leading scorers, their average points per game (PPG), and their averageminutes per game (MPG) for 2008. [You may find it useful to reference the t table.)MPGPPG30.4D. Hade37.836.8L. Janes30.428.535.3K. BryantD. NowitzkiD. GrangerK. DurantC. PaulC. AnthonyC. BoshB. Roybo27.736.427.627.124.635.538.437.924.634.124.524.437.536.7Cick here for the Excel Data Filea-1. Calculate the sample correlation coefficient between PPG and MPG, (Round intermediate calculations to at least 4 decimalplaces and final answer to 4 decimel places.)Sample correlation coefficient -2. Interpret the sample correlation coefficient between PPG and MPGO The corelation coefficient indicates a positive linear relationshipO The correlation coefficient indicates a negative linear relationship.O The correlation coefficient indicates no linear relationship.b. Specify the competing hypotheses in order to determine whether the population correlation between PPG and MPG is positiveOM Pay0 MA PayOH PryMa Pry>.0OM Pay 0 MA Payc-1. Calculate the value of the test statistic. (Round intermediete calculetions to at leest 4 decimel pleces and final answer to 3decimal pleces.)Test statisticc-2. Find the pvalue.O 0025 Picture pvalue <005O pvalue DPicture 010O pvalue <001O 001Picture pvalue <00250 005 Picture pvalue <010d. At the 5% significance level, what is the conclusion to the test?O Reject Ho, we can state PPG and MPG are positively correlated.O Reject Ho: we cannot state PPG and MPG are positively correlated.O Do not reject Ho, we can state PPG and MPG are positively correlatedO Do not reject H we cannot state PPG and MPG are positively correlated

answers PPG (X) MPG (Y) X * Y X2 Y2 30.4 37.8 1149.12 924.16 1428.84 30.4 36.8…

Exercise 14-11 Algo The following table lists the National Basketball Association's leading scorers, their average points per game (PPG), and their average minutes per game (MPG) for 2008. (You may find it useful to reference the t table.) HPG PPG 30.4 D. Wade 37.8 36.8 L. Janes 30.4 K. Bryant D. Nowitzki D. Granger K. Durant C. Paul C. Anthony C. Bosh B. Roy 28.5 35.3 bo 27.7 36.4 27.6 27.1 24.6 35.5 38.4 37.9 34.1 24.6 24.5 24.4 37.5 36.7 Cick here for the Excel Data File a-1. Calculate the sample correlation coefficient between PPG and MPG. (Round intermediote colculations to et least 4 decimal places and final answer to 4 decimol places.) Sample correlation coeficient

Exercise 14-11 Algo The following table lists the National Basketball Association's leading scorers, their average points per game (PPG), and their average minutes per game (MPG) for 2008. (You may find it useful to reference the t table.) HPG PPG 30.4 D. Wade 37.8 36.8 L. Janes 30.4 K. Bryant D. Nowitzki D. Granger K. Durant C. Paul C. Anthony C. Bosh B. Roy 28.5 35.3 bo 27.7 36.4 27.6 27.1 24.6 35.5 38.4 37.9 34.1 24.6 24.5 24.4 37.5 36.7 Cick here for the Excel Data File a-1. Calculate the sample correlation coefficient between PPG and MPG. (Round intermediote colculations to et least 4 decimal places and final answer to 4 decimol places.) Sample correlation coeficient

Accounting (Text Only)

26th Edition

ISBN:9781285743615

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 17.3CP: Vertical analysis The condensed income statements through income from operations for Dell Inc. and...

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Comprehensive/Spreadsheet Problem 16-15 FORECASTING FINANCIAL STATEMENTS Use a spreadsheet model to forecast the financial statements in Problems 16-13 and 16-14. 16-13 ADDITIONAL FUNDS NEEDED Morrissey Technologies Inc.'s 2014 financial statements arc shown here. Morrissey Technologies Inc.: Balance Sheet as of December 31, 2014 Morrissey Technologies Inc.: Income Statement for December 31, 2014 Sales 3.600.000 Operating costs including depreciation 3,279,720 E81T 320.280 Interest 20.280 EST 300.000 Taxes (40%} 120,000 Net Income 180.000 Per Share Data: Common stock price 45.00 Earnings per share (EPS) 1.80 Dividends per share (DPS) 1.08 Suppose that in 2015, sales increase by 10% over 2014 sales. 1hc firm currently has 100,000 shares outstanding. It expects to maintain its 2014 dividend payout ratio and believes that its assets should grow at the same rate as sales. The firm has no excess capacity. However, the firm would Like to reduce its Operating costs/Sales ratio to 87.5% and increase its total liabilities-to-assets ratio to 30%. (It believes its liabilities to-assets ratio currently is too low relative to the industry average.) The firm will raise JOO/o of the 2015 forecasted interest bearing debt as notes payable, and it will issue long-term bonds for the remainder. the firm forecasts that its before-tax cost of debt (which includes both short-term and long-term debt) is 12.5%. Assume that any common stock issuances or repurchases can be made at the firm's current stock price of S45. a. Construct the forecasted financial statements assuming that these changes are made. What are the firm's forecasted notes payable and long-term debt balances? What is the forecasted addition to retained earnings? b. If the profit margin remains at S'/o and the dividend payout ratio remains at 60%, at what growth rate in sales will the additional financing requirements be exactly zero? In other words, what is the firm's sustainable growth rate? (Hint: Set AFN equal to zero and solve for g.) 16-14 EXCESS CAPACITY Krogh Lumber's 2014 financial statements are shown here. Krogh Lumber: Balance Sheet as of December 31, 2014 (Thousands of Dollars) Krogh Lumber: Income Statement for December 31, 2014 (Thousands of Dollars) Sales 36,000 Operating costs including depredation 30,783 Earnings before interest and taxes 5,217 Interest 1,017 Earnings before taxes 4,200 Taxes (40%) 1680 Net income 2.520 Dividends (60%} 1,512 Addition to retained earnings 1,008 a. Assume that the company was operating at full capacity in 2014 with regard to all items except fixed assets; fixed assets in 2014 were being utilized to only 75% of capacity. By what percentage could 2015 sales increase over 2014 sales without the need for an increase in fixed assets? b. Now suppose 2015 sales increase by 25% over 2014 sales. Assume that Krogh cannot sell any fixed assets. AU assets other than fixed assets will grow at the same rate as sales; however, after reviewing industry averages, the firm would like to reduce its operating costs/sales ratio to 82% and increase its total liabilities-to-assets ratio to 42%. The firm will maintain its 60% dividend payout ratio, and it currently has 1 million shares outstanding. The firm plans to raise 35% of its 2015 forecasted interest-bearing debt as notes payable, and it will issue bonds for tile remainder. The firm forecasts that its before-tax cost of debt (which includes both short-term and long-term debt) is 11%. Any stock issuances or repurchases will be made at the firm's current stock price of 40. Develop Krogh's projected financial statements like those shown in Table 16.2 What are the balances of notes payable, bonds, common stock, and retained earnings?
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Q12 You are required to compute the sum of Net social income to staff, community and general public as a whole, if: Net social income to General public is OMR 900 Net social income to staff is OMR 600 and Net social income to community is OMR 400. a. None of them is correct b. OMR 1,000 c. OMR 1,900 d. OMR 1,500
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Safari 4:23 PM Tue Jan 30 22 23 24 25 26 27 28 29 HW Set 1 (Ch 2 and 3) Template 1 2 3 4 Total net sales 5 Operating expenses: 6 Cost of sales 7 Fulfillment 8 Marketing Expense 9 Technology and content 10 11 12 13 14 15 16 17 18 19 20 Equity-method investment activity, net of tax 21 Net income 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 Calibri (Body) fx Require more detailed information but will initially classify as related to operating activities General and administrative Other operating expense, net Total operating expenses Operating income (loss) Interest income Interest expense Other income (expense), net Total non-operating income (expense) Income before income taxes Provision for income taxes 11 E 2.16 Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions A E 2.17 Home Insert Draw Page Layout E 3.15 BIU Consolidated Statements of Comprehensive Income - USD ($) $ in Millions Statement of Comprehensive Income [Abstract] Net income Other…
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D Question 32 Given an ROE of 17.8%, EM of 2.6, Sales of $1.8M, TAT of 2.1, find Net Income. O $75,282 O $58,680 O $67,390 O $88,020 2.5
Profitability ratios The following selected data were taken from the financial statements of Robinson Inc. for December 31, 2016, 2015 and 2014: December31 2016 2015 2014 Total assets......................................... 4,800,000 4,400,000 4,000,000 Notes payable (8% interest)........................... 2,250,000 2,250,000 2,250,000 Common stock...................................... 250,000 250,000 250,000 Preferred 4% stock, 100 par (no change during year)........................... 500,000 500,000 500,000 Retained earnings................................... 1,574,000 1,222,000 750,000 The 2016 net income was 372,000, and the 2015 net income was 492,000. No dividends on common stock were declared between 2014 and 2016. a. Determine the rate earned on total assets, the rate earned on stockholders equity, and the rate earned on common Stockholders equity for the years 2015 and 2016. Round to one decimal place. b. What conclusions can be drawn from these data as to the companys profitability?
Vertical analysis The condensed income statements through income from operations for Dell Inc. and Apple Inc. for recent fiscal years follow (numbers in millions of dollars): Prepare comparative common-sized statements, rounding percents to one decimal place. Interpret the analyses.
Multiple Choices A company's sales in 2010 were P300,000 and in 2011 were P351,000. Using 2010 as the base year, the sales trend percent for 2011 is: * Choose 17% 85% orted net sales of d P360,000 in the 100% 12,respectively. If iat is the trend 117% 48%
ease PROBLEM 17-15 Effects of Transactions on Various Financial Ratios [LO2, LO3. L0 your choice. In all cases, assume that the current assets exceed current liabilities both before and the effect in terms of increase, decrease, or no effect on the ratio involved, and give the reason for Indicate the effect that each transaction or event would have on the ratio listed opposite to it. State In the right-hand column below, certain financial ratios are listed. To the left of each ratio is a business transaction or event relating to the operating activities of Graham Company. Business Transaction or Event Ratio Debt-to-equity ratio Earnings per share Acid-test ratio 1. Inventory was sold for cash at a profit. 2. Land was purchased for cash. 3. Inventory was sold on account at cost. 4. Some accounts payable were paid off. 5. A customer paid an overdue bill. 6. A cash dividend was declared, but not yet paid. 7. A previously declared cash dividend was paid. 8. The company's common stock price…