Colgate-Palmolive Company reports the following balances in its
retained earnings.
($ millions)
2010
2009
Retained earnings...
Colgate-Palmolive Company reports the following balances in its
retained earnings.
($ millions)
2010
2009
Retained earnings
$14,329
$13,157
During 2010, Colgate-Palmolive reported net income of $2,222
million.
a. Assume that the only changes affecting retained earnings were
net income and dividends. What amount of dividends did
Colgate-Palmolive pay to its shareholders in 2010?
$______million
b. This dividend amount constituted what percent of its net income?
(Round your answer to one decimal place.)
_______%
Colgate-Palmolive Company reports the following balances in its
retained earnings.
($ millions)
2010
2009
Retained earnings...
Colgate-Palmolive Company reports the following balances in its
retained earnings.
($ millions)
2010
2009
Retained earnings
$14,329
$13,157
During 2010, Colgate-Palmolive reported net income of $2,200
million.
a. Assume that the only changes affecting retained earnings were
net income and dividends. What amount of dividends did
Colgate-Palmolive pay to its shareholders in 2010?
$__________ million
b. This dividend amount constituted what percent of its net income?
(Round your answer to one decimal place.)
_________%
Computing the Dividend Yield and the Dividend Payout Ratio The
income statement, statement of retained earnings,...
Computing the Dividend Yield and the Dividend Payout Ratio The
income statement, statement of retained earnings, and balance sheet
for Jeanette Company are as follows. Jeanette Company Income
Statement For the Year Ended December 31, 20X2 Amount Percent Net
sales $8,281,989 100.0% Less: Cost of goods sold (5,383,293) 65.0
Gross margin $2,898,696 35.0 Less: Operating expenses (1,323,368)
16.0 Operating income $1,575,328 19.0 Less: Interest expense
(50,000) 0.6 Income before taxes $1,525,328 18.4 Less: Income taxes
(40%)* (610,131) 7.4 Net income...
Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
1...
Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
1
20Y2
20Y1
2
Retained earnings, January 1
$3,692,000.00
$3,262,000.00
3
Net income
610,000.00
540,000.00
4
Total
$4,302,000.00
$3,802,000.00
5
Dividends:
6
On preferred stock
$10,000.00
$10,000.00
7
On common stock
100,000.00
100,000.00
8
Total dividends
$110,000.00
$110,000.00
9
Retained earnings, December 31
$4,192,000.00
$3,692,000.00
Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
1
20Y2
20Y1
2
Sales
$10,860,000.00...
Analyzing, Forecasting, and Interpreting Both Income Statement
and Balance Sheet
Following are the income statements and...
Analyzing, Forecasting, and Interpreting Both Income Statement
and Balance Sheet
Following are the income statements and balance sheets of General
Mills, Inc.
Income Statement,
Fiscal Years Ended ($ millions)
May 29, 2011
May 30, 2010
Net Sales
$ 14,880.2
$ 14,635.6
Cost of sales
8,926.7
8,835.4
Selling, general and administrative expenses
3,192.0
3,162.7
Divestitures (gain), net
(17.4)
--
Restructuring, impairment, and other exit costs
4.4
31.4
Operating income
2,774.5
2,606.1
Interest, net
346.3
401.6
Earnings before income tax expense and...
The Hill Company reported the following results:
Year 3
Year 2
Year 1
Income Statement
Revenue...
The Hill Company reported the following results:
Year 3
Year 2
Year 1
Income Statement
Revenue
10,972
11,598
10,470
Cost of Goods Sold
8,942
8,767
7,901
Selling, General & Admin. Expenses
2,470
2,611
2,479
Interest expense
76
80
28
Net Income
(516)
140
62
Balance Sheet
Assets
Cash
1,354
1,316
1,880
Prepaid expenses
202
522
125
Accounts receivable
375
250
231
Inventory
745
698
455
Property & equipment (net)
20,464
18,810
17,727
Total Assets
23,140
21,596
20,418
Liabilities
Accounts payable...
Problem 5-4A
Wolford Department Store is located in midtown Metropolis. During
the past several years, net...
Problem 5-4A
Wolford Department Store is located in midtown Metropolis. During
the past several years, net income has been declining because
suburban shopping centers have been attracting business away from
city areas. At the end of the company’s fiscal year on November 30,
2017, these accounts appeared in its adjusted trial balance.
Accounts Payable
$ 34,840
Accounts Receivable
22,360
Accumulated Depreciation—Equipment
88,400
Cash
10,400
Common Stock
45,500
Cost of Goods Sold
798,590
Freight-Out
8,060
Equipment
204,100
Depreciation Expense
17,550
Dividends...
Exercise 12-10
Your answer is partially correct. Try again.
Oriole Medical manufactures hospital beds and other...
Exercise 12-10
Your answer is partially correct. Try again.
Oriole Medical manufactures hospital beds and other
institutional furniture. The company’s comparative balance sheet
and income statement for 2015 and 2016 follow.
Oriole Medical
Comparative Balance Sheet
As of December 31
2016
2015
Assets
Current assets
Cash
$357,000
$417,400
Accounts receivable, net
1,065,600
776,450
Inventory
729,000
681,050
Other current assets
386,000
247,000
Total current assets
2,537,600
2,121,900
Property, plant, & equipment, net
8,574,855
8,389,815
Total assets
$11,112,455
$10,511,715
Liabilities and Stockholders’...
The following financial data is from Hi-Tech Instruments'
financial statements (thousands of dollars, except earnings per...
The following financial data is from Hi-Tech Instruments'
financial statements (thousands of dollars, except earnings per
share.)
2016
Sales revenue
$210,000
Cost of goods sold
125,000
Net income
8,300
Dividends
2,600
Earnings per share
4.15
Hi-Tech Instruments,
Inc.
Balance Sheet
(Thousands of Dollars)
Dec. 31, 2016
Dec. 31, 2015
Assets
Cash
19,300
$18,000
Accounts receivable (net)
46,000
41,000
Inventory
39,500
43,700
Total current assets
104,800
102,700
Plant assets (net)
52,600
50,500
Other assets
15,600
13,800
Total assets
173,000
$167,000
Liabilities...