Jollarama reported the following selected data (in millions): 2017 2016 Total assets $1,934.3 $1,863.5 Total liabilities 2,186.7 1,763.1 Profit 519.4 445.6 Income tax expense 196.3 166.8 Interest expense 39.9 33.0
Q: Presented below is a condensed version of the comparative balance sheets for Pronghorn Corporation…
A: Cost of investment sold = $98,300 - $69,900 Cost of investment sold = $28,400 Sale of investments…
Q: Graham Holdings Company reports the following account balances as of December 31, 2016, the end of…
A: Net Income = Total revenue - total expenses
Q: Calculating trend analysis Muscateer Corp. reported the following revenues and net income amounts:…
A: Trend analysis for revenue = Current year revenue / base year revenue
Q: The following data come from the financial records of Rundle Corporation for 2018: How many times…
A: Time interest earned ratio measure the ability of the company to meet its obligations of debt. It is…
Q: The following data come from the financial records of Rundle Corporation for 2018:…
A:
Q: Income Statement Bullseye, Incorporated's 2018 income statement lists the following income and…
A: Earnings before interest and taxes: Earnings before interest, depreciation and taxes are the…
Q: Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation:…
A: Working capital helps to determine the liquidity position of the company, it helps to determine the…
Q: You are given the following information about Sandhill Plumbing Company. Revenues in 2017 totaled $…
A: Income statement represents the net income or net loss calculated by deducting the expenses from the…
Q: Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in…
A: return on equity formula: ROE = net income / equity
Q: Pare Plumbing Products Ltd. reported the following data in 2018 (in millions): Data table 2018…
A: The question is related to Ratio Analysis. The leverage ratio is calculated with the help of…
Q: Selected balance sheet and income statement information from Illinois Tool Works follows. $…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Presented below is a condensed version of the comparative balance sheets for Bramble Corporation for…
A: The comparative balance sheets for Bramble Corporation for the last two years at December 31.…
Q: Terps Company’s Total Assets on January 1, 2018 were $270,000, and on December 31, 2018, were…
A: Expenses: Expenses are referred to as the cost of doing business. It is the cost incurred by a…
Q: Calculate each of following ratios for year 2017 using the financial statement in Table 1-3. Total…
A: Following are the requisite Ratios
Q: The Murdock Corporation reported the following balance sheet data for 2018 and 2017: 2018…
A: Solution: Introduction: A cash flow statement is one of the financial statements of a business…
Q: You are given the following information about Sandhill Plumbing Company. Revenues in 2017 totaled $…
A: The income statement represents the net income or net loss that is calculated by deducting the…
Q: JUST DEW IT CORPORATION 2017 and 2018 Balance SheetsAssetsLiabilities and Owners' Equity 20172018…
A: Current ratio:: It is the ratio of total current assets to total current liabilities. Current ratio…
Q: Below is selected balance sheet and income statement information from Brahtz & Company. 2014 2013 $…
A: Ratios help in analyzing the actual position of the company whether the company is able to meet the…
Q: Sage Hill Inc. had the following balance sheet at December 31, 2016. SAGE HILL INC. BALANCE SHEET…
A: The amount of cash that is available with a company to pay dividends, interest, or to pay creditors…
Q: The following information was obtained from the comparative financial statements included in…
A: "Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: You are given the following information about Sheridan Plumbing Company. Revenues in 2017 totaled $…
A: The income statement description seems to be a financial statement that typically illustrates a…
Q: K Grocers’ 2016 financial statements show total operating assets of $45,004 million, total operating…
A: Net operating Assets formulae is given below Net operating Assets= Operating assets- Operating…
Q: Čardinal Industries had the following operating results for 2018: Sales = $34,621; Cost of goods…
A: a) Calculate the net income as shown below: Resultant table Hence, the net income is $1,132.50.
Q: The comparative statement of financial position for Cullumber Corporation shows the following…
A: Introduction: Statement of cash flows: All cash in and out flows are recorded in statement of cash…
Q: Suppose the 2017 adidas financial statements contain the following selected data (in millions).…
A: “Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want…
Q: Accountants for Putterham, Inc. have assembled the following data for the year ended December 31,…
A: Operating Activities Net Income 68500 Add/ Less- Adjustments from net Income…
Q: Vaughn Manufacturing reported the following selected information at March 31. 2017 Total current…
A: Current ratio is computed by dividing current assets by current liabilities: Total current…
Q: Vaughn Manufacturing reported the following selected information at March 31. 2017 Total current…
A: Current ratio is computed by dividing current assets by current liabilities Total current…
Q: Please include part D.
A: Times interest earned ratio: The times interest earned ratio shows an organization ability to pay…
Q: In 2018, Martinez Corporation reported net sales of $232,900, cost of goods sold of $139,700,…
A: Given the following information: Year 2018 Net sales: $232,900 Cost of goods sold: $139,700…
Q: Lan & Chen Technologies: Income Statements for Year Ending December 31 (Thousands of Dollars)…
A: "Hello student! Since there are multiple sub-parts posted, we will answer the first three sub-parts.…
Q: Prepare a statement of cash flows for 2017 for Pronghorn Corporation. (Show amounts that decrease…
A: Cash flow statement is a statement which is prepared to find out the cash comes in and goes out , by…
Q: Cece Company has provided the following data (ignore income taxes): 2016 revenues were $77,500.2016…
A:
Q: Selected balance sheet and income statement information from Illinois Tool Works follows. $…
A: RNOA=Net operating profit after tax Total Assets×100 RNOA (2019)=$9,224$15,671×100=58.9% RNOA…
Q: Prepare a statement of cash flows for 2017 for Pronghorn Corporation. (Show amounts that decrease…
A: Statement of cash flow helps in determining how cash was utilized and whether company is able to…
Q: 1. Using the information provided, compute the following for 2017 and 2016: d. Cash flow from…
A: 1. d. Particulars 2017 2016 Cash flow from operations(A) 18700 16000 Capital expenditures(B)…
Q: 2018 2017 Current Assets Cash $124,700 $26,000 Accounts Receivable 64,500 69,400 Merchandise…
A: SOLUTIONS- CASH FLOWS STATEMENT- IT IS A FINANCIAL STATEMENT THAT SUMMARIZES THE AMOUNT OF CASH AND…
Q: Ivanhoe Corporation reported EBITDA of $7,300,325 and net income of $3,328,700 for the fiscal year…
A: Cash flow from operating activities (CFO) depicts the amount of money brought in by the company from…
Q: At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial…
A: formulas - debt to assets ratio = total liabilities / total assets Times interest earned ratio…
Q: Gildan Activewear Inc. reported the following selected financial information (all in U.S. $…
A: Ratio analysis is the technique used to analyze the financial health of the company. Different…
Q: Suppose the 2017 adidas financial statements contain the following selected data (in millions).…
A: Hey, as per our honour code, we will answer the first three sub-parts only. If you want any specific…
Q: What is the common-size amount for Intel Corporation’s research and development expense for 2016?
A: Answer: Option B.
Q: LeapFrog Enterprises Inc. had the following quarterly net in- comes during its 2013 fiscal year.…
A: Net income refers to the income earned after deducting the company’s expenditures from the company’s…
Q: Presented below are selected ledger accounts of Oriole Corporation as of December 31, 2017. Cash…
A: An income statement is the one prepared by the company to determine the company's financial…
Q: Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST…
A: Balance sheet of an entity shows its final and economic position.
Q: Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle…
A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…
Q: Cullumber Company provides you with the following balance sheet information as of December 31, 2017.…
A: A balance sheet is a financial statement that displays a company's assets, liabilities, and equity.…
Q: Compute and Interpret Ratios Selected balance sheet and income statement information from Illinois…
A: Adjusted equity = Unadjusted equity + Treasury stock Adjusted total assets = Unadjusted assets…
Q: Mulder Corporation's comparative balance sheets for year end at December 31, 2017 are presented…
A: We have the following information: Net sales (2017): $140,000 Cost of goods sold (2017): $80,000…
Step by step
Solved in 2 steps
- Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Stryker’s 2018 financial statements. Use the information to answer the requirements ($ millions). Revenue $13,601 Interest expense, gross $181 Depreciation expense 306 Dividends, including to noncontrolling interest 717 Amortization expense 417 Cash and cash equivalents 3,616 Operating profit (EBIT) 2,537 Marketable securities 83 Total debt 9,859 Average assets 24,713 Cash from operating activities 2,610 CAPEX 572 Funds from operations 2,852 a. Compute the following 10 Moody’s metrics for Stryker for 2018.Round all answers (except Revenue) to one decimal place (example for percentage ratios: 0.2345 = 23.5%). Ratio Debt / EBITDA Answer EBITA to interest expense Answer Revenue ($ millions) Answer Retained Cash Flow / Net Debt Answer EBITA margin Answer Operating margin Answer FFO / Debt Answer (FFO + Interest Expense)/Interest Expense Answer…Assigning a Long-Term Debt Rating Using Financial Ratios Refer to the information below from Stryker’s 2018 financial statements. Use the information to answer the requirements ($ millions). Revenue $13,601 Interest expense, gross $181 Depreciation expense 306 Dividends, including to noncontrolling interest 717 Amortization expense 417 Cash and cash equivalents 3,616 Operating profit (EBIT) 2,537 Marketable securities 83 Total debt 9,859 Average assets 24,713 Cash from operating activities 2,610 CAPEX 572 Funds from operations 2,852 a. Compute the following 10 Moody’s metrics for Stryker for 2018.Round all answers (except Revenue) to one decimal place (example for percentage ratios: 0.2345 = 23.5%). Ratio Debt / EBITDA Answer EBITA to interest expense Answer Revenue ($ millions) Answer Retained Cash Flow / Net Debt Answer EBITA margin Answer Operating margin Answer FFO / Debt Answer (FFO + Interest Expense)/Interest Expense Answer…Calculating Ratios and Estimating Credit Rating The following data are from Kellogg's 10-K report dated December 29, 2018 ($ millions). Revenue Interest expense Tax expense Amortization expense Depreciation expense $13,547 Earnings from continuing operations $1,344 Capital expenditures (CAPEX) 578 287 181 Total debt 8,893 23 Average assets 17,066 493 a. Use the data above to calculate the following ratios: EBITA/Average assets, EBITA Margin, EBITA/ Interest expense, Debt/EBITDA, CAPEX/Depreciation Expense. Definitions for these ratios are in Exhibit 7.4. b. Refer to Exhibit 7.4 and the ratios you calculated in part a. Estimate the credit rating that Moody's might assign to Kellogg. Round answers to one decimal place (percentage ex: 0.2345 = 23.5%) Ratio Moody's rating EBITA/Avg. assets EBITA margin EBITA/Int. expense Debt/EBITDA CAPEX/Dep. expense Please answer all parts of the question. 0% 0% 0 0 0 ◆ ◆
- All the figures are in millions. Please calculate: debt ratio and times interest earned ratio Please written down the formulas used and use excel. BKW Current Asset Current Liabilities Total Liabilities Total Assets 2016 344,168 145,498 678,726 2,517,211 2017 356,979 160,215 752,063 2,719,903 2018 368,473 177,655 804,059 2,875,137 2019 495,024 261,798 925,626 3,092,984 2020 637,416 232,882 1,428,922 3,832,933 2021 579,863 268,282 1,546,085 4,025,832 BKW Net Cash Provided by operating activities Operating Income Before Tax Finance Costs Cash and cash eqiv & Accounts receivables 2016 148,507 121,756 - 14,080 19,641 + 133,225 2017 115,422 256,583 - 12,436 19,641 + 133,225 2018 170,948 244,453 - 14,456 21,167 + 122,216 2019 123,080 314,475 - 23,883 74,881 + 133,319 2020 75,259 417,117 -…At May 31, 2016, FedEx Corporation reported the following amounts (in millions) in its financial statements: 2016 2015 Total Assets $ 13,200 $ 12,300 Total Liabilities 8,316 7,503 Interest Expense 300 300 Income Tax Expense 480 290 Net Income 1,080 1,000 Required: 1.Compute the debt-to-assets ratio and times interest earned ratio for 2016 and 2015. (Round your answers to 2 decimal places.)Suppose the 2017 adidas financial statements contain the following selected data (in millions). Current assets $4,340 Interest expense $170 Total assets 8,630 Income taxes 120 Current liabilities 2,730 Net income 270 Total liabilities 4,854 Cash 790 Compute the following values. (a) Working capital. millions (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) :1 (c) Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) (d) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) times
- Suppose the 2022 Adidas financial statement contain the following selected data (in millions) current assets 4215 total assets 9000 current liabilities 4860 cash 755 interest expense 150 income tax 190 net income 275 a.working capital b.current ratio c.debt to assets ratio d.times interest earenedSuppose the Crane Ltd's 2020 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities NT$3,536.0 31,408.0 3,016.0 16,640.0 Compute the following values. Interest expense Income taxes Net income NT$520.0 (a) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) 1,976.0 4,590.0 (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) % timesWhat is the interest revenue for 2016 and the carrying amount of the debt investment at amortized cost on Decemeber 31, 2016
- For Financial year 2021: Current ratio = Current assets / Current liabilities = 43.133 / 29.613 = 1.46 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (29.613 + 25.382) / 47.069 = 1.17 (2.d.p) Return on total assets = Net profit / Average total assets = (-11.195) / 101.964 = -0.11 (2.d.p) Profit margin ratio = Net profit / Net sales = (-11.195) / 81.79 = -0.14 (2.d.p) Debt-to-asset = Total liabilities / Total assets = (29.613 + 25.382) / 101.964 = 0.54 (2.d.p) Cash flow on total assets = Net cash flow from operating activities / Average total assets = 4.717 / 101.964 = 0.05 (2.d.p) For Financial year 2022: Current ratio = Current assets / Current liabilities = 49.476 / 32.754 = 1.51 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (32.754 + 27.625) / 46.732 = 1.29 (2.d.p) Return on total assets = Net profit / Average total assets = (-0.336) / 107.111 = -0.003 (3.d.p) Profit margin ratio = Net profit / Net sales = (-0.336) / 115.56 = -0.003 (3.d.p) Debt-to-asset…Use the common-size financial statements found here: ommon-Size Balance Sheet 2016Cash and marketable securities $ 480 1.5 %Accounts receivable 6,030 18.2Inventory 9,540 28.8Total current assets $ 16,050 48.5 %Net property, plant, and equipment 17,020 51.5Total assets $33,070 100.0 %Accounts payable $ 7,150 21.6 %Short-term notes 6,850 20.7Total current liabilities $ 14,000 42.3 %Long-term liabilities 7,010 21.2Total liabilities $ 21,010 63.5 %Total common shareholders’ equity 12,060 36.5Total liabilities and shareholders’ equity $33,070 100.0 %Common-Size Income Statement 2016Revenues $ 30,000 100.0 %Cost of goods sold (20,050) 66.8Gross profit $ 9,950 33.2 %Operating expenses (7,960) 26.5Net operating income $ 1,990 6.6 %Interest expense (940) 3.1Earnings before taxes $ 1,050 3.5 %Income taxes (382) 1.3Net income $668 2.2 % Specifically, write up a brief narrative that responds to the following questions: a. How much cash does Patterson have on hand relative to its total…I need assistance on the following regarding the attached balance sheet and income statement: Required: a) Calculate the following financial ratios for 2016 and 2017 13. Debt-to-equity ratio 14. Times-interest-earned ratio 15. Operating-cash-flow-to-capital-expenditures ratio