Question
You are given the following information for Smashville, Inc. Cost of goods sold: $254,000 Investment income:...
You are given the following information for Smashville, Inc.
| Cost of goods sold: | $254,000 | |
| Investment income: | $3,000 | |
| Net sales: | $379,000 | |
| Operating expense: | $84,000 | |
| Interest expense: | $7,400 | |
| Dividends: | $17,000 | |
| Tax rate: | 21 | % |
| Current liabilities: | $28,000 |
| Cash: | $21,000 |
| Long-term debt: | $8,000 |
| Other assets: | $38,000 |
| Fixed assets: | $169,000 |
| Other liabilities: | $5,000 |
| Investments: | $14,000 |
| Operating assets: | $41,000 |
During the year, Smashville, Inc., had 17,000 shares of stock outstanding and depreciation expense of $15,000. Calculate the book value per share, earnings per share, and cash flow per share. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Homework Answers
Answer #1
....
Not the answer you're looking for?
Similar Questions
You are given the following information for Smashville, Inc. Cost of goods sold: $ 174,000 Investment...
You are given the following information for Smashville,
Inc.
Cost of goods sold:
$
174,000
Investment income:
$
1,400
Net sales:
$
379,000
Operating expense:
$
86,000
Interest expense:
$
7,400
Dividends:
$
8,000
Tax rate:
40
%
Current liabilities:
$
21,000
Cash:
$
21,000
Long-term debt:
$
46,000
Other assets:
$
38,000
Fixed assets:
$
130,000
Other liabilities:
$
3,000
Investments:
$
34,000
Operating assets:
$
64,000
During the year, Smashville, Inc., had 25,000 shares of stock
outstanding and...
You are given the following information for Smashville, Inc. Cost of goods sold: $229,000 Investment income:...
You are given the following information for Smashville, Inc.
Cost of goods sold:
$229,000
Investment income:
$2,500
Net sales:
$374,000
Operating expense:
$82,000
Interest expense:
$7,400
Dividends:
$9,000
Tax rate:
21
%
Current liabilities:
$18,000
Cash:
$21,000
Long-term debt:
$23,000
Other assets:
$41,000
Fixed assets:
$166,000
Other liabilities:
$5,000
Investments:
$45,000
Operating assets:
$37,000
During the year, Smashville, Inc., had 17,000 shares of stock
outstanding and depreciation expense of $17,000. At the end of the
year, Smashville stock sold...
You are given the following information for Smashville, Inc. Cost of goods sold: $214,000 Investment income:...
You are given the following information for Smashville, Inc.
Cost of goods sold:
$214,000
Investment income:
$2,200
Net sales:
$328,000
Operating expense:
$45,000
Interest expense:
$7,400
Dividends:
$8,000
Tax rate:
21
%
Current liabilities:
$16,000
Cash:
$21,000
Long-term debt:
$26,000
Other assets:
$38,000
Fixed assets:
$156,000
Other liabilities:
$5,000
Investments:
$42,000
Operating assets:
$35,000
Calculate the gross margin, the operating margin, return on
assets and return on equity. (Do not round intermediate
calculations. Enter your answers as a percent...
You are given the following information for Smashville, Inc. Cost of goods sold: $169,000 Investment income:...
You are given the following information for Smashville, Inc.
Cost of goods sold:
$169,000
Investment income:
$1,300
Net sales:
$282,000
Operating expense:
$44,000
Interest expense:
$7,400
Dividends:
$5,000
Tax rate:
21
%
Current liabilities:
$22,000
Cash:
$21,000
Long-term debt:
$92,000
Other assets:
$37,000
Fixed assets:
$120,000
Other liabilities:
$6,000
Investments:
$33,000
Operating assets:
$64,000
Calculate the gross margin, the operating margin, return on
assets, and return on equity. (Do not round intermediate
calculations. Enter your answers as a percent...
ou are given the following information for Smashville, Inc. Cost of goods sold: $ 224,000 Investment...
ou are given the following information for Smashville, Inc.
Cost of goods sold:
$
224,000
Investment income:
$
2,400
Net sales:
$
389,000
Operating expense:
$
90,000
Interest expense:
$
7,400
Dividends:
$
15,000
Tax rate:
35
%
Current liabilities:
$
24,000
Cash:
$
21,000
Long-term debt:
$
24,000
Other assets:
$
40,000
Fixed assets:
$
136,000
Other liabilities:
$
5,000
Investments:
$
44,000
Operating assets:
$
37,000
During the year, Smashville, Inc., had 17,000 shares of stock
outstanding...
You are given the following information for Smashville, Inc. Cost of goods sold: $ 184,000 Investment...
You are given the following information for Smashville, Inc.
Cost of goods sold:
$
184,000
Investment income:
$
1,600
Net sales:
$
387,000
Operating expense:
$
88,000
Interest expense:
$
7,400
Dividends:
$
6,000
Tax rate:
30
%
Current liabilities:
$
12,000
Cash:
$
21,000
Long-term debt:
$
32,000
Other assets:
$
40,000
Fixed assets:
$
125,000
Other liabilities:
$
5,000
Investments:
$
36,000
Operating assets:
$
64,000
Calculate the gross margin, the operating margin, return on
assets, and...
Problem 19-3 Performance Ratios (LO3, CFA6) You are given the following information for Smashville, Inc. Cost...
Problem 19-3 Performance Ratios (LO3, CFA6)
You are given the following information for Smashville, Inc.
Cost of goods sold:
$154,000
Investment income:
$1,800
Net sales:
$287,000
Operating expense:
$38,000
Interest expense:
$7,400
Dividends:
$13,000
Tax rate:
21
%
Current liabilities:
$20,000
Cash:
$21,000
Long-term debt:
$30,000
Other assets:
$42,000
Fixed assets:
$123,000
Other liabilities:
$5,000
Investments:
$38,000
Operating assets:
$35,000
Calculate the gross margin, the operating margin, return on
assets, and return on equity. (Do not round intermediate
calculations....
Given the following information for Smashville, Inc., construct a balance sheet: Current liabilities: $ 24,000 Cash:...
Given the following
information for Smashville, Inc., construct a balance sheet:
Current
liabilities:
$
24,000
Cash:
$
21,000
Long-term
debt:
$
102,000
Other
assets:
$
40,000
Fixed
assets:
$
125,000
Other
liabilities:
$
15,000
Investments:
$
36,000
Operating
assets:
$
64,000
Given the following information for Smashville, Inc., construct a balance sheet: Current liabilities: $ 35,000 Cash:...
Given the following information for Smashville, Inc., construct
a balance sheet:
Current liabilities:
$
35,000
Cash:
$
21,000
Long-term debt:
$
99,000
Other assets:
$
36,000
Fixed assets:
$
163,000
Other liabilities:
$
18,000
Investments:
$
40,000
Operating assets:
$
35,000
Given the following information for Smashville, Inc., construct an income statement for the year: Cost of...
Given the following information for Smashville, Inc., construct
an income statement for the year:
Cost of goods sold:
$
119,000
Investment income:
$
2,300
Net sales:
$
292,000
Operating expense:
$
40,000
Interest expense:
$
7,400
Dividends:
$
11,000
Tax rate:
40
%
What are retained earnings for the year?
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 17 minutes ago
asked 33 minutes ago
asked 43 minutes ago
asked 48 minutes ago
asked 53 minutes ago
asked 53 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 2 hours ago