Consider the following information for Hiroole Electronics:
12/31/2017 12/31/2018 Total assets $12,553,000 $13,049,600
Noninterest-bearing current liabilities...
Consider the following information for Hiroole Electronics:
12/31/2017 12/31/2018 Total assets $12,553,000 $13,049,600
Noninterest-bearing current liabilities 545,400 623,000 Net income
759,500 801,000 Interest expense 2,307,400 332,100 Tax rate 40% 40%
Required rate of return 10% 12% Collapse question part (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 2018 Residual income...
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...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000...
CCC - Balance sheets 31 December 2018, 2017 assets 2018 2017
Fixed assets, net 600,000 500,000 Inventory 70,000 50,000 Accounts
receivable, net 100,000 150,000 Cash 30,000 50,000 Total current
assets € 200,000 € 250,000 Total assets € 800,000 € 750,000 Equity
and liabilities 2018 2017 Share capital 300,000 200,000 Retained
earnings 80,000 100,000 Total equity € 380,000 € 300,000 Payable
bonds 200,000 250,000 Accounts payable 150,000 120,000 Income taxes
payable 70,000 80,000 Total current liabilities € 220,000 € 200,000
Total...
The balance sheet for December 31, 2018, December 31, 2017, and
the income statement for the...
The balance sheet for December 31, 2018, December 31, 2017, and
the income statement for the year ended December 31, 2018, for
Rocket Company follows.
Rocket Company
Balance Sheet
December 31, 2018 and 2017
2018
2017
Assets
Cash
$ 25,000
$ 20,000
Accounts receivable, net
60,000
70,000
Inventory
80,000
100,000
Land
50,000
50,000
Building and equipment
130,000*
115,000
Accumulated depreciation
(85,000)
(70,000)
Total assets
$260,000
$285,000
Liabilities and Stockholders' Equity
Accounts payable
$ 30,000
$ 35,000
Income taxes payable
4,000 ...
Vaughan Company has 3 divisions with the following
information:
Division
A
Division
B
Division
C
Sales...
Vaughan Company has 3 divisions with the following
information:
Division
A
Division
B
Division
C
Sales
$750,000
$700,000
$360,000
Net
Operating Income
$30,000
$35,000
$36,000
Average
Operating Assets
$200,000
$500,000
$300,000
Minimum
Required Rate of Return
8%
15%
9%
Assume that each division was presented with an investment
opportunity that would yield a rate of return of 11%. If
performance is being measured by residual income a.both
division A and C would invest in the project, b.only division B
will...
MONTGOMERY INC.
Comparative Balance Sheets
December 31, 2018 and 2017
2018
2017
Assets
Cash
$
55,900...
MONTGOMERY INC.
Comparative Balance Sheets
December 31, 2018 and 2017
2018
2017
Assets
Cash
$
55,900
$
56,300
Accounts receivable, net
13,800
16,800
Inventory
123,700
97,100
Total current assets
193,400
170,200
Equipment
68,500
57,500
Accum.
depreciation—Equipment
(31,000
)
(21,200
)
Total assets
$
230,900
$
206,500
Liabilities and
Equity
Accounts payable
$
33,000
$
35,200
Salaries payable
600
800
Total current liabilities
33,600
36,000
Equity
Common stock, no par value
165,900
153,100
Retained earnings
31,400
17,400
Total liabilities and
equity...
The following financial statements were prepared by Mystery Inc.
for the year ended December 31, 2018....
The following financial statements were prepared by Mystery Inc.
for the year ended December 31, 2018. Also presented are various
financial statement ratios for Mystery Inc as calculated from the
prior year's financial statements. Sales represent net credit
sales. The total assets and the receivables and inventory balances
at December 31, 2018, were the same as at December 31, 2017.
Mystery Inc.
Balance Sheet
December 31, 2018
Assets:
Liabilities and Capital
Cash
$
840,000
Accounts payables
$
660,000
Receivables
400,000...
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,...
Bulldog, Inc. has the following balance sheet information for
the years ending December 31, 2018 and...
Bulldog, Inc. has the following balance sheet information for
the years ending December 31, 2018 and 2017. Dollar
amounts are in thousands of dollars.
2018 2017
Cash and equivalents ($000) $ 9,333 $ 10,386
Accounts receivables 8,960 8,350
Inventories 47,041 36,769
Prepaid & other current assets 512 759
Total current assets $ 65,846 $ 56,264
Fixed assets, net 29,452 19,645
Total assets $ 95,298 $ 75,909
Accounts payable $ 14,294 $ 7,591
Other current liabilities 13,167 12,841
Total current liabilities $...
Information from the financial statements of Ames Fabricators,
Inc., included the following:
December 31
2018...
Information from the financial statements of Ames Fabricators,
Inc., included the following:
December 31
2018
2017
Common
shares
100,000
100,000
Convertible
preferred shares
(convertible into 34,000 shares of common)
13,200
13,200
10% convertible
bonds
(convertible into 20,000 shares of common)
$
1,000,000
$
1,000,000
Ames’s net income for the year ended December 31, 2018, is
$520,000. The income tax rate is 40%. Ames paid dividends of $5 per
share on its preferred stock during 2018.
Required:
Compute basic and...