Reference no: EM13923020
Condensed balance sheet and income statement data for Jernigan Corporation are presented here. JERNIGAN CORPORATION Balance Sheets December 31 2014 2013 2012 Cash $ 31,390 $ 21,390 $ 19,390 Accounts receivable (net) 51,390 46,390 49,390 Other current assets 95,672 100,672 69,672 Investments 60,672 75,672 50,672 Plant and equipment (net) 500,000 370,000 358,000 $739,124 $614,124 $547,124 Current liabilities $ 86,390 $ 81,390 $ 71,390 Long-term debt 150,672 90,672 55,672 Common stock, $10 par 325,672 315,672 305,672 Retained earnings 176,390 126,390 114,390 $739,124 $614,124 $547,124 JERNIGAN CORPORATION Income Statements For the Years Ended December 31 2014 2013 Sales revenue $745,672 $605,672 Less: Sales returns and allowances 41,390 31,390 Net sales 704,282 574,282 Cost of goods sold 430,672 355,672 Gross profit 273,610 218,610 Operating expenses (including income taxes) 181,390 151,390 Net income $ 92,220 $ 67,220 Additional information: 1. The market price of Jernigan’s common stock was $7.24, $11.08, and $8.27 for 2012, 2013, and 2014, respectively. 2. You must compute dividends paid. All dividends were paid in cash. (a) Compute the following ratios for 2013 and 2014. (Round all answers to 2 decimal places, e.g. 1.83 or 12.61%.) 2014 2013 Profit margin. % % Gross profit rate. % % Asset turnover. times times Earnings per share. $ $ Price-earnings ratio. times times Payout ratio. % % Debt to assets ratio. % %
|
What is the future value of the cash flows five years
: Consider the following cash flow: Year Cash Flow 2) $22,300 3)$40,300 5) $58,300. Assume an interest rate of 9.1 percent per year. what is the future value of the cash flows five years from now?
|
|
What is the effective annual cost of trade credit under term
: Pet Store Inc. sells on terms of 2/10, net 50. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Please show formula and explain step by step. I've tried other formulas on here and continue to get the wrong answ..
|
|
Random processes
: Theme: Random Processes, Compute and plot separate correlation functions of white noise data and of sinusoidal data. Do this using both the biased and unbiased autocorrelation functions. Are the results what you expected?
|
|
Have apollo and rocky breached their directors duties
: Have Apollo and Rocky breached their directors' duties? Do Apollo and Rocky have an arguable defence? Have the directors of Citrus Ltd breached their directors' duties (in particular duty to act for good faith in the best interests of the company and..
|
|
Condensed balance sheet and income statement data
: Condensed balance sheet and income statement data for Jernigan Corporation are presented here. JERNIGAN CORPORATION Balance Sheets December 31 2014 2013 2012 Cash $ 31,390 $ 21,390 $ 19,390 Accounts receivable (net) 51,390 46,390 49,390 Other current..
|
|
Coupon bond paying semi annual interest is reported
: A coupon bond paying semi annual interest is reported as having an ask price of 126% of its $1,000 par value. If the last interest payment was made one month ago and the coupon rate is 6%, what is the invoice price of the bond?
|
|
Three years until maturity and yield to maturity
: Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and a yield to maturity of 6.7%. What is the duration if the yield to maturity is 10.7%?
|
|
Find the convexity of a seven-year maturity
: Find the convexity of a seven-year maturity, 6.0% coupon bond selling at a yield to maturity of 7.2%. The bond pays its coupons annually.
|
|
What will the cash flows for this project be
: You are evaluating a project for The Ultimate recreational tennis racket, guaranteed to correct that wimpy backhand. You estimate the sales price of The Ultimate to be $490 per unit and sales volume to be 1,000 units in year 1; 1,250 units in year 2;..
|