Problem 12-4 (Part Level Submission) Consider the following
information for Walla Walla Electronics: 12/31/2017 12/31/2018
Total...
Problem 12-4 (Part Level Submission) Consider the following
information for Walla Walla Electronics: 12/31/2017 12/31/2018
Total assets $12,514,000 $11,443,800 Noninterest-bearing current
liabilities 563,100 552,000 Net income 739,200 927,700 Interest
expense 2,285,800 308,040 Tax rate 40% 40% Required rate of return
10% 12% (a) Evaluate the company in terms of residual income (RI),
which is equivalent to EVA since there are no adjustments for
accounting distortions. (Enter negative answers preceding either -
sign, e.g. -45 or in parentheses, e.g. (45).) 2017...
Consider the following information for the Executive Division of
Buy Electronics:
December 31
2018
2017
Total...
Consider the following information for the Executive Division of
Buy Electronics:
December 31
2018
2017
Total assets
$11,800,000
$11,000,000
Noninterest-bearing current
liabilities
500,000
520,000
Net income
700,000
800,000
Interest expense
210,000
300,000
Income tax rate
35%
35%
Cost of capital
7%
8%
Required rate of return
9%
11%
How much is residual income for 2018?
For fiscal year 2018, Hiroole Department Store had net income of
$6,060,000. Interest expense was $2,272,500,...
For fiscal year 2018, Hiroole Department Store had net income of
$6,060,000. Interest expense was $2,272,500, and the company’s tax
rate on income was 40 percent. Total assets were $80,827,000, and
noninterest-bearing current liabilities were $7,188,000. The
company’s cost of capital (required rate of return) is 10 percent.
Calculate NOPAT, invested capital, and residual income for Hiroole
Department Store. (Enter negative answers preceding either - sign,
e.g. -45 or in parentheses, e.g. (45).) NOPAT $ Invested capital $
Residual income...
The following income statements and other information are
available for the Cato Company:
2020
2019
2018...
The following income statements and other information are
available for the Cato Company:
2020
2019
2018
Sales
$494,000,000
$325,000,000
$247,000,000
Less cost of goods sold
273,000,000
156,000,000
118,300,000
Gross margin
221,000,000
169,000,000
128,700,000
Less:
Selling and administrative
costs
35,750,000
32,175,000
25,454,000
Research and development
13,260,000
16,120,000
12,285,000
Income from operations
171,990,000
120,705,000
90,961,000
Less taxes on income
34,398,000
24,141,000
18,192,200
Net income
$137,592,000
$96,564,000
$72,768,800
Total assets
$929,500,000
$864,500,000
$573,300,000
Noninterest-bearing current liabilities
18,200,000
14,690,000
12,844,000
Cost of capital
12%...
Ivanhoe Company provides you with the following balance sheet
information as of December 31, 2017.
Current...
Ivanhoe Company provides you with the following balance sheet
information as of December 31, 2017.
Current assets
$12,100
Current
liabilities
$13,700
Long-term
assets
29,300
Long-term
liabilities
12,900
Total assets
$41,400
Stockholders’
equity
14,800
Total liabilities and stockholders’ equity
$41,400
In addition, Ivanhoe reported net income for 2017 of $19,000,
income tax expense of $3,400, and interest expense of $1,600.
Compute the current ratio and working capital for Ivanhoe for
2017. (Round current ratio to 2 decimal places, e.g.
2.75. Enter...
The Duffy Dog Book Company has two divisions: The Brick and
Mortar division sells books through...
The Duffy Dog Book Company has two divisions: The Brick and
Mortar division sells books through more than 100 bookstores
throughout the United States; the Internet division was formed 18
months ago and sells books via the Internet. Data for the past year
are:
Brick and Mortar
Division
Internet
Division
Total assets
$207,360,000
$19,814,400
Noninterest-bearing current liabilities
8,985,600
3,225,600
Interest expense
1,612,800
535,680
Net income (loss)
35,596,800
(1,440,000
)
Tax rate
20%
0
Cost of capital
10%
12%
Evaluate the...
Pharoah Company provides you with the following balance sheet
information as of December 31, 2022.
Current...
Pharoah Company provides you with the following balance sheet
information as of December 31, 2022.
Current assets
$10,350
Current liabilities
$10,800
Long-term assets
23,850
Long-term liabilities
12,600
Total assets
$34,200
Stockholders’ equity
10,800
Total liabilities and stockholders’ equity
$34,200
In addition, Pharoah reported net income for 2022 of $14,400,
income tax expense of $2,880, and interest expense of $1,170.
Compute the current ratio and working capital for Pharoah for
2022. (Round current ratio to 2 decimal places, e.g.
2.75. Enter...
ABC Company has the following financial information for
2018:
Total current assets: $2,200,000
Total current liabilities:...
ABC Company has the following financial information for
2018:
Total current assets: $2,200,000
Total current liabilities: $1,200,000
Cash: $300,000
Inventory: $1,000,000
Accounts Receivable: $800,000
Accounts Payable: $500,000
Net sales is $10,000,000
Variable cost (VCR) is 30% of sales
Cost of Goods Sold (COGS) at 40% of sales
Average daily cash flow $27,000
Standard deviation of cash flow is $40,000
Its ROE is 25%
Total earnings of $500,000, dividend payout of $150,000.
Its cost of capital is 7%
Line of credit...
Find the ratios for the given Income
Statement
All numbers in thousands
Revenue
12/31/2018
12/31/2017
Total...
Find the ratios for the given Income
Statement
All numbers in thousands
Revenue
12/31/2018
12/31/2017
Total Revenue
243,770,000,000
239,575,376,000
Cost of Revenue
132,390,000,000
129,290,661,000
Gross Profit
111,380,000,000
110,284,715,000
Operating Expenses
Research Development
18,350,000,000
16,355,612,000
Selling General and Administrative
34,140,000,000
38,947,445,000
Non Recurring
-
-
-
Others
-
-
Total Operating Expenses
184,880,000,000
185,930,338,000
Operating Income or Loss
58,890,000,000
53,645,038,000
Income from Continuing Operations
Total Other Income/Expenses Net
2,270,000,000
2,550,929,000
Earnings Before Interest and Taxes
58,890,000,000
53,645,038,000
Interest Expense
-
-655,402,000...
The following information relates to Fanning’s Electronics on
December 31, 2017. The company, which uses the...
The following information relates to Fanning’s Electronics on
December 31, 2017. The company, which uses the calendar year as its
annual reporting period, initially records prepaid and unearned
items in balance sheet accounts (assets and liabilities,
respectively). a. The company’s modulely payroll is $8,750, paid
each Friday for a five-day workmodule. Assume December 31, 2017,
falls on a Monday, but the employees will not be paid their wages
until Friday, January 4, 2018. b. Eighteen months earlier, on July
1,...