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!
a. Tanfield is in a better position to pay debt in 2015 than in 2014. The current ratio, cash ratio, and times-interest-earned ratio all improved. The inventory turnover improved, but was offset by a decrease in the gross profit percentage.
b. The attractiveness of Tanfield's stock has improved in 2015. The rate of return on common stockholder's equity increased as well as the earnings per share and price/earnings ratio.
2015
2014
a.
Total current assets
$364,000
=
1.6
$370,000
1.54
Total current liabilities
$227,000
$240,000
b.
Cash + Cash
$91,000 + 0
0.4
$88,000 + 0
0.37
equivalents
c.
Net income + Income
$51,000 +
6.38
$37,000 + 21,000
4.63
tax expense + Interest
19,000 +13,000
16,000
expense
$13,000
$16,000
Interest expense
d.
Cost of Goods Sold
$239,000
1.58
$212,000
1.17
Average Merchandise
($144,000 +
($158,000 +
Inventory
158,000) / 2
204,000) / 2
e.
Gross Profit
$221,000
48.00%
$210,000
49.80%
Net Sales
$460,000
$422,000
f.
Total Liabilities
$344,000
1.45
$336,000
1.60
Total Equity
$237,000
36.70%
g.
Net income - Preferred dividends
$51,000 - (3% A
92,000)
$4.39
$37,000 - (3% x
33.10%
10,000
Average Common
Stockholder's Equity
($145,000 +
118,000)/2 / 2
($118,000 +
89,000) / 2
Net income -
$48,240
$34,240
h.
Preferred dividends
$3.42
Weighted average number of common shares outstandin
(12,000 +
10,000) / 2
i.
Market Price per share
$86.58
19.72
$46.54
13.6
of common stock
Earnings Per Share
Compute the gain or loss to Mann on the settlement of the debt. Compute the gain or loss to Mann on the transfer of the equipment.
It is estimated that variable manufacturing costs will be reduced from $26,000 to $23,500 annually if the new machine is purchased. The total net increase or decrease in cost for the new equipment for the entire five years is ??
Question 1: Which of the following ways to navigate Web sites are sequential lists of pages that let users know where they are on the site and where they have been in relation to either the site's home page or their entry point onto the site?
Which of the following statements is true regarding the sale of a partnership interest?
why would the relation between the firm and its auditor and investors bear a slight resemblance to the relationship between Saddam Hussein and the weapons inspectors from the United Nations in 2002 and 2003?
If the interest rate is 4% per year, how much will you have to pay every two years?
domestic violence calls pose a high level of risk to the law enforcement officers who respond to them. discuss the
simple plant manufactures dna test strips. manufacturing overhead is applied to units produced using direct labor
The company wants to maintain a target capital structure that is 35% debt and 65% equity. The company forecasts that its net income this year will be $1,800,000. If the company follows a residual dividend policy, what will be its total dividend pa..
presented below is information from quezada computers incorporated.july 1 sold 10000 of computers to robertson company
BlueCo is a US corporation with multiple business activities. On January 1, 2009, BlueCo granted a non-exclusive license of foreign patents to Rosso Ltd., an unrelated foreign corporation
How much income must Barry report on his tax return for the current year? What is the character of income?
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