Question

Smuckers 2017 financial report What is the net earnings/income/loss for the year? Did it increase or...

Smuckers 2017 financial report What is the net earnings/income/loss for the year? Did it increase or decrease from last year? Give your answer in dollar and percentage change. 8. What is the earnings per share on common stock? (Your answer should not assume dilution). How does this compare to last year (increase/decrease; dollar and percentage change). 9. Did the company pay any dividends? If yes, how much? Show your answer in total and per share. If no, does the report state why no dividends were paid? 10. What is the average number of common shares outstanding? Compare to last year. (Hint: you will find this answer in Note 6 to the financial statements.) 11. What is beginning and ending retained earnings balances for the current year? Were there any adjustments to beginning retained earnings (a prior period adjustment)? If yes, how much and what was the change? 12. Is the income statement presented in multiple-step format or single step format? 13. What is the amount of Total Other Comprehensive Income for the current year? 14. What types of items are included in the other comprehensive income (loss) for the current year?

Homework Answers

Answer #1

The source of data is https://jmsmucker.gcs-web.com/static-files/b9bdaf49-537f-415a-ba96-1a0350d35fd4

7)Net earnings 2017=592.3mn.in 2017 Net earnings is 592.3mn and in 2016 it is 688.7mn so it is decreased
dollar change=592.3-688.7=-96.4mn
% change=-96.4/688.7=-14%

8)Earnings per share in 2017 is $5.11 in 2016 it is $5.77
dollar change=5.11-5.77=-0.66
% change=-0.66/5.77=-11.44%

9)Yes they paid dividends and per share it is $3 and total is 339.3mn

10)Common shares outstanding in 2017 is 113439553 and in 2016 it is 116306894

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