Bramble Company manufactures backpacks. During 2022, Bramble issued bonds at 12% interest and used the cash...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Bramble Company manufactures backpacks. During 2022, Bramble issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Bramble Company for the years 2022 and 2021. Sales revenue Net income Interest expense Tax expense (a) (1) Return on assets (2) Dividends paid on common stock Dividends paid on preferred stock Total assets (year-end) Average total assets Total liabilities (year-end) Avg. total common stockholders' equity 12,220,000 (3) (4) 2022 $10,350,000 Payout ratio 2,576,000 Debt to assets ratio 650,000 770,500 1,157,000 Return on common stockholders' equity 390,000 16,675,000 20,393,750 7,800,000 2021 $10,350,000 2,875,000 182,000 862,500 Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, e.g. 12.5%.) 1,333,800 390,000 19,406,250 23,091,900 3,900,000 18,330,000 2022 % % % % 2021 % % % % Bramble Company manufactures backpacks. During 2022, Bramble issued bonds at 12% interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Bramble Company for the years 2022 and 2021. Sales revenue Net income Interest expense Tax expense (a) (1) Return on assets (2) Dividends paid on common stock Dividends paid on preferred stock Total assets (year-end) Average total assets Total liabilities (year-end) Avg. total common stockholders' equity 12,220,000 (3) (4) 2022 $10,350,000 Payout ratio 2,576,000 Debt to assets ratio 650,000 770,500 1,157,000 Return on common stockholders' equity 390,000 16,675,000 20,393,750 7,800,000 2021 $10,350,000 2,875,000 182,000 862,500 Use the information above to calculate the following ratios for both years: (Round answers to 1 decimal place, e.g. 12.5%.) 1,333,800 390,000 19,406,250 23,091,900 3,900,000 18,330,000 2022 % % % % 2021 % % % %
Expert Answer:
Answer rating: 100% (QA)
Answer 2022 2021 1 Return on Asset 154 1481 2 Return on common stockholders Equity 147 109 3 Payout ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1118342190
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Posted Date:
Students also viewed these accounting questions
-
The following financial information is available for Walgreen Company. Instructions Calculate the payout ratio and return on common stockholders equity ratio for 2007 and 2006. Comment on...
-
The following financial information is available for Plummer Corporation. The weighted-average number of shares of common stock outstanding was 80,000 for 2013 and 100,000 for 2014. Instructions...
-
The following financial information is available for Last Chance Repossessions Company as of December 31, 2012: Required Calculate all profitability, liquidity, and solvency ratios (except earnings...
-
Use the method of separation of variables to find the product solution of the PDES: (a) u + Uy=3u (b) xu = 2yuy
-
Define and discuss the subclass failures associated with the implicit/explicit request failure category.
-
If 10 married couples are randomly seated at a round table, compute (a) The expected number and (b) The variance of the number of wives who are seated next to their husbands.
-
Calvin Company, which uses the allowance method, has Accounts Receivable of $32,500 and an allowance for uncollectible accounts of $3,200 (credit). The company sold merchandise to Mariko Kimura for...
-
Sunrise Industries wishes to accumulate funds to provide a retirement annuity for its vice president of research, Jill Moran. Ms. Moran, by contract, will retire at the end of exactly 12 years. Upon...
-
8 Russnak Corporation is investigating automating a process by purchasing a new machine for $ 5 1 0 , 0 0 0 that would have a 5 year useful life and no salvage value. By automating the process, the...
-
The isotope technetium-99m is used by doctors to image the skeleton and heart muscles. Fol- lowing injection, the concentration of this isotope decays exponentially in the body. a. Let N(t) represent...
-
Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow. Income Statements (Absorption Costing) Sales ($64 per unit) Cost...
-
Identify 3 key differences between Design Thinking and more conventional management approaches to problem solving. Outline possible advantages and disadvantages of each of the 3 areas you have...
-
Identify 4 differences in financial accouting and structure that affect not - for - profit organizations. Describe each of these differences and their implications.
-
What organizational development activities are currently being implemented inside the Department of Veterans Affairs? Describe organizational learning mechanisms currently used inside the Department...
-
What are mountain-based resort activities offered to guests and how would you market these activities to increase revenues? How is financial information presented for mountain-based resorts...
-
3. How did the different historical experiences of World War II shape the subsequent (and to some degree the current) perspectives of Britain, France, Germany, Eastern Europe and Russia?
-
Which of the following is an example of a market risk for a company that manufactures automobiles? A drop in demand due to the rise of ride-sharing as an alternative to automobile ownership A massive
-
Sundial Technologies produces and sells customized network systems in New Brunswick. The company offers a 60-day, all software and labor-and an extra 90-day, parts-only- warranty on all of its...
-
Two students are discussing the use of a trial balance. They wonder whether the following errors, each considered separately, would prevent the trial balance from balancing. (a) The bookkeeper...
-
The Pletcher Transportation Company uses a responsibility reporting system to measure the performance of its three investment centers: Planes, Taxis, and Limos. Segment performance is measured using...
-
Identify the special journal(s) in which the following column headings appear. (a) Sales Discounts Dr. (d) Sales Revenue Cr. (b) Accounts Receivable Cr. (e) Inventory Dr. (c) Cash Dr.
-
The Spivak Company was involved in the following treasury stock transactions during 20xx: a. Purchased 80,000 shares of its $1 par value common stock on the market for $2.50 per share. b. Purchased...
-
The Clockwork Corporation had the following stock outstanding from 20x6 through 20x9: Preferred stock: $100 par value, 8 percent cumulative, 10,000 shares authorized, issued, and outstanding Common...
-
Vanowski, Inc., was organized and authorized to issue 10,000 shares of $100 par value, 9 percent preferred stock and 100,000 shares of no-par, $5 stated value common stock on July 1, 20xx....
Study smarter with the SolutionInn App