Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Percent of sales: Tomey Supply Company"s financial statements for the most recent fiscal year are shown below. The company projects that sales will increase by 20 percent next year. Assume that all costs and assets increase directly with sales. The company has a constant 33 percent dividend payout ratio and has no plans to issue new equity. Any financing needed will be raised through the sale of long-term debt. Prepare pro forma financial statements for the coming year based on this information, and calculate the EFN for Tomey.
Tomey Supply Company Income Statement and Balance Sheet
Income Statement
Balance Sheet
Net sales
$1,768,121
Assets:
Costs
1,116,487
Current Assets
$280,754
EBT
651,634
Net Fixed assets
713,655
Taxes(35%)
228,072
Total assets
$994,409
Net income
$423,562
Liabilities and Equity:
Current Liabilities
$167,326
Long term debt
319,456
Common Stock
200,000
Retained earning
307,627
Total liabilities and equity
Sims Corporation originally issued 2,000 shares of $10 par value common stock for $60,000. Sims subsequently purchases 200 shares of treasury stock for $27 per share and sells the 200 shares of treasury stock for $29 per share.
Computation of the current yield on the bond and yield to maturity and A bond has 10 years until maturity, a coupon rate of 8%. and sells for $1,100.
this project is completed in three stages. the first two assignments are worth 100 points each. the final project is
klingon widgets inc. purchased new cloaking machinery three years ago for 4 million. the machinery can be sold to the
Identify the relationship between human resources and labor management relations and safety outcomes. Consider how efficient production and safe production are related. Also discuss other organizational factors that created a safer workplace at..
explain how accounting principles can in certain cases create differences between financial statement information and
Equalize the range of payoffs for the stock and the option. (Round your answer to two decimal places) The ratio of ending price to ending stock value is.
Buy Coastal Inc, imposes a payback cutoff of three years for its international investments projects. If the company has the followingtwo projects available, should it accept either of them? show work
Computation of Yield to Maturity using the given data and they have a 15-year maturity, an annual coupon of $95
a manufacturer expectsan expansion in 3 years . the cost three years from now is expectedto be 2300000. if the company
What is the present value of investment in equipment if it is expected to provide annual savings of $10,000 for 10 years and to have resale value of $25,000 at the end of that period.
During a normal economy, the common stock of Douglass & Frank is expected to return 12.5%. During a recession, the expected return is -5% and during a boom, the expected return is 18%.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd