Some recent financial statements
for Smolira Golf Corp. follow.
SMOLIRA GOLF
2011 and 2012 Balance...
Some recent financial statements
for Smolira Golf Corp. follow.
SMOLIRA GOLF
2011 and 2012 Balance Sheets
Assets
Liabilities and Owners’ Equity
2011
2012
2011
2012
Current assets
Current
liabilities
Cash
$
23,066
$
25,300
Accounts payable
$
24,384
$
28,300
Accounts receivable
13,648
16,400
Notes payable
14,000
12,000
Inventory
27,152
28,300
Other
12,771
19,700
Total
$
63,866
$
70,000
Total
$
51,155
$
60,000
Long-term debt
$
81,000
$
90,000
Owners’ equity
Common stock and paid-in
surplus
$
55,000...
The following information is taken from Procter & Gamble's
2012 annual report:
(in millions)
2012
2011...
The following information is taken from Procter & Gamble's
2012 annual report:
(in millions)
2012
2011
2010
Income statement
Net sales
$84,680
$82,104
$78,567
Net earnings
10,756
11,797
12,736
Balance sheet
Shareholders' equity
64,439
68,640
Statement of cash flow
Dividends to shareholders
6,139
5,767
5,458
Calculate the company's actual and sustainable rate of growth in
sales for 2012 and 2013
The most recent financial statements for Fleury, Inc., follow.
Sales for 2012 are projected to grow...
The most recent financial statements for Fleury, Inc., follow.
Sales for 2012 are projected to grow by 20 percent. Interest
expense will remain constant; the tax rate and the dividend payout
rate will also remain constant. Costs, other expenses, current
assets, fixed assets, and accounts payable increase spontaneously
with sales. If the firm is operating at full capacity and no new
debt or equity is issued, what external financing is needed to
support the 20 percent growth rate in sales?...
Some recent financial statements for Smolira Golf Corp.
follow.
SMOLIRA GOLF
2011 and 2012 Balance...
Some recent financial statements for Smolira Golf Corp.
follow.
SMOLIRA GOLF
2011 and 2012 Balance Sheets
Assets
Liabilities and Owners’ Equity
2011
2012
2011
2012
Current assets
Current liabilities
Cash
$
24,096
$
24,600
Accounts payable
$
23,684
$
27,600
Accounts receivable
12,948
15,700
Notes payable
14,000
11,300
Inventory
26,242
27,600
Other
12,071
18,100
Total
$
63,286
$
67,900
Total
$
49,755
$
57,000
Long-term debt
$
74,000
$
82,000
Owners’ equity
Common stock and paid-in
surplus
$
48,000...
Applying the Accounting Equation and Calculating
Ratios
The following table contains financial statement information for
The...
Applying the Accounting Equation and Calculating
Ratios
The following table contains financial statement information for
The Procter & Gamble Company ($ millions).
Year
Assets
Liabilities
Equity
Net Income
2011
$138,354
$70,353
$ ?
$11,927
2012
?
68,209
64,035
10,904
2013
139,263
?
68,709
11,402
Required
a. Compute the missing amounts for assets, liabilities, and equity
for each year.
2011
$---------- million
2012
$---------- million
2013
$---------- million
b. Compute return on equity for 2012 and 2013. (Round your
answer to...
The following data were taken from the financial statements of
Gates Inc. for the current fiscal...
The following data were taken from the financial statements of
Gates Inc. for the current fiscal year.
Property, plant, and equipment (net)
$1,154,400
Liabilities:
Current liabilities
$177,000
Note payable, 6%, due in 15 years
888,000
Total liabilities
$1,065,000
Stockholders' equity:
Preferred $4 stock, $100 par (no change during year)
$1,597,500
Common stock, $10 par (no change during year)
1,597,500
Retained earnings:
Balance, beginning of year
$1,704,000
Net income
633,000
$2,337,000
Preferred dividends
$63,900
Common dividends
143,100
207,000
Balance, end of...
1) Berkshire LLC reported the following income statement and
balance sheet amounts on December 31, 2011....
1) Berkshire LLC reported the following income statement and
balance sheet amounts on December 31, 2011.
2011
2010
Net sales revenue (all credit)
$950,000
Cost of goods sold
630,000
Gross profit
320,000
Selling and general expenses
230,000
Interest expense
20,000
Net income
$70,000
Current assets
$60,000
$55,000
Long-term assets
465,000
445,000
Total assets - 12/31
$525,000
$500,000
Current liabilities
$25,000
$20,000
Long-term liabilities
105,000
205,000
Common stockholders’ equity - 12/31
395,000
275,000
Total liabilities and...
Seven metrics
The following data were taken from the financial statements of
Woodwork Enterprises Inc. for...
Seven metrics
The following data were taken from the financial statements of
Woodwork Enterprises Inc. for the current fiscal year. Assuming
that there are no intangible assets.
Property, plant, and equipment (net)
$ 5,000,000
Liabilities:
Current liabilities
$ 400,000
Mortgage note payable, 5%, ten-year note issued two years
ago
3,600,000
Total liabilities
$4,000,000
Stockholders' equity:
Preferred $1 stock, $10 par (no change during year)
$1,000,000
Common stock, $5 par (no change during year)
2,000,000
Retained earnings:
Balance, beginning of year...
The following data were taken from the financial statements of
Gates Inc. for the current fiscal...
The following data were taken from the financial statements of
Gates Inc. for the current fiscal year.
Property, plant, and equipment (net)
$2,442,000
Liabilities:
Current liabilities
$222,000
Note payable, 6%, due in 15 years
1,110,000
Total liabilities
$1,332,000
Stockholders' equity:
Preferred $4 stock, $100 par (no change during year)
$1,332,000
Common stock, $10 par (no change during year)
1,332,000
Retained earnings:
Balance, beginning of year
$1,420,000
Net income
549,000
$1,969,000
Preferred dividends
$53,280
Common dividends
139,720
193,000
Balance, end of...