Reference no: EM132489345
Sheffield Company manufactures backpacks. During 2017, Sheffield issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Sheffield Company for the years 2017 and 2016.
2017 2016
Sales revenue. $16,200,000 $16,200,000
Net income 4,032,000 4,500,000
Interest expense. 1,300,000. 364,000
Tax expense. 1,206,000 1,350,000
Dividends paid on common stock 2,314,000 2,667,600
Dividends paid on preferred stock 780,000. 780,000
Total assets (year-end) 26,100,000. 30,375,000
Average total assets 40,787,500 46,183,800
Total liabilities (year-end) 15,600,000 7,800,000
Avg. total common stockholders' equity 24,440,000 36,660,000
Question 1: Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, e.g. 12.5%.)
- Return on assets
- Return on common stockholders' equity
- Payout ratio
- Debt to assets ratio
|
ACCT2005 Financial Accounting Assignment
: ACCT2005 Financial Accounting Assignment help and solution, Curtin University - assessment writing service - Case Study for Annual Report Assignment
|
|
What would the current balance of the retained earnings
: Period of time has paid $0.20 per share in dividends every year to 100,000 shareholders, what would the current balance of the retained earnings account be?
|
|
Describe the ways that the provisions of the fact act combat
: Describe the ways that the provisions of the FACT ACT combat the problem of identity theft. Do you think that the FACT ACT goes far enough? Explain why or why n
|
|
Place to store and sell illegal drugs
: Paul is CEO of Spark Tech, a technology company located in Queens. Without Paul's knowledge, Raven and Sandy, two of his workers
|
|
Calculate the ratio for return on assets
: Calculate the ratio for Return on assets, Return on common stockholders' equity, Payout ratio, Debt to assets ratio. Sheffield Company manufactures backpacks.
|
|
What advice do you give hall and why
: Edwin and Fred both work for Dr. Gelman, a local infectious disease specialist. Edwin's job is to make sure all patients have been entered and updated in the sy
|
|
What are the rights of the parties
: The following week, Diane comes home from work and sees Cindy trying to break into Diane's home so she hits Cindy with a shovel.
|
|
What will be the firms quick ratio after nelson
: How much can Nelson's short-term debt (notes payable) increase without pushing its current ratio below 1.8? Do not round intermediate calculations
|
|
States work at new jersey hospitals
: Can healthcare workers from other states work at New Jersey Hospitals, and if so, what professions have this waiver to work here taking care of New Jersey Resid
|