Examine the financial data of Black Corporation above. Show how to compute Black's current ratio from 2015
Question:
Transcribed Image Text:
Black Corporation 2 Years Ended December 31 3 dollar amounts in millions) 2017 2016 2015 4 Consolidated Financial Measures and Ratios rating resultsS Net earnın Per common share $ 769 675 656 $ 2.73 2.43 2.39 1,312 $1,239 1,205 ing income 4.4% 4.4% 39% 22.2%| 22.4%| 23.4% 12% 10.9% 4.2 times 4.2 times 4.2 times ing margin 10 rcentage Return on net assets Return on shareholders' e Interest covera 12% 13.2% 12% 12.6% 12 13 14 Financial position 15 16 17 18 Working capital Current assets Current liabilities 1,744 $1,061 $972 6,4626,092 5,995 4,718 5,031 5,023
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Dollar amounts in thousands 2017 2016 2015 ...View the full answer
Answered By
Muqadas Javed
I am a mentor by profession since seven years. I have been teaching on online forums and in universities. Teaching is my passion therefore i always try to find simple solution for complicated problems or task grasp them so that students can easily grasp them.I will provide you very detailed and self explanatory answers and that will help you to get good grade. I have two slogans: quality solution and on time delivery.
4.60+
24+ Reviews
144+ Question Solved
Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
Question Posted:
Students also viewed these Cost Accounting questions
-
Examine the financial data of Peterson Corporation. Show how to compute Peterson's current ratio for each year 2014 through 2016. Is the company's ability to pay its current liabilities improving or...
-
Examine the financial data of Jacob Corporation. Show how to compute Jacobss current ratio for each year 2008 through 2010. Is the companys ability to pay its current liabilities improving...
-
Examine the financial data of Stephens Corporation. Show how to compute Stephens current ratio for each year 2010 through 2012. Is the companys ability to pay its current liabilities improving...
-
If the owner of a company takes merchandise for personal use, what account is debited? a. Owners capital b. Owners withdrawals c. Purchases d. Cash
-
On January 2, 2012, Repeat Clothing Consignments purchased showroom fixtures for $11,000 cash, expecting the fixtures to remain in service for five years. Repeat has depreciated the fixtures on a...
-
Under what circumstances should entrepreneurs seek assistance from external advisors during venture capital negotiations?
-
What does the theory of options contribute to the valuing of an investment?
-
Summary operating data for Eco-Windows Company during the current year ended June 30, 20Y6, are as follows: cost of merchandise sold, $3,800,000; administrative expenses, $1,200,000; interest...
-
Voyage Sail Makers manufactures sails for sailboats. The company has the capacity to produce 37,000 sails per year and is currently producing and selling 30,000 sails per year. The following...
-
Leighton Industries needed steel pipe to build furnaces for a customer. Leighton sent Callier Steel an order for a certain quantity of A 106 Grade B steel. Callier confirmed the order and created a...
-
Porterfield Inc. and Beasley Ltd. are competitors. Compare the two companies by converting their condensed income statements to common size. Which company earned more net income? Which company's net...
-
Use the Allstott, Inc., balance sheet data below. 1. Compute Allstott, Inc.'s quick (acid-test) ratio at December 31, 2017 and 2016. 2. Use the comparative information from the table on page 597 for...
-
During a picnic on a hot summer day, the only available drinks were those at the ambient temperature of 90F. In an effort to cool a 12-fluid-oz drink in a can, which is 5 in high and has a diameter...
-
Q1. It is the ratio between total discounted cash inflows and total discounted cash outflows. a) Identify the method of evaluating the project. Write one merit and one demerit of the above method. b)...
-
Buyer of a forward contract agrees to buy forward 1000 shares of Company X for 30 per share. There is a required initial margin of 10% with the same maintenance margin. What would be the margin...
-
sunshine company predicts that it will use 360,000 units of material during this year. the material is expected to cost $5 per unit. sunshine anticipated that it will cost $36 to place each order....
-
The average inventory of the company was 4,000 units. The company's current safety stock level is 2,000 units. The purchase cost of the inventory is P50 per unit and the carrying cost is 20% of the...
-
In 2020, Marg's Antiques claimed a reserve for doubtful debts of $12,000. During 2021, she had actual bad debt write-offs of $12,500 and recoveries of previously written off debts of $1,500. At the...
-
During 2009, Thompson Corporation spent $170,000 in research and development costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on October 1, 2009, and...
-
In Exercises 1-2, rewrite each verbal statement as an equation. Then decide whether the statement is true or false. Justify your answer. 1. The logarithm of the difference of two numbers is equal to...
-
What are the essential features of the allowance method of accounting for bad debts?
-
Tracy Buss cannot understand why the cash realizable value does not decrease when an uncollectible account is written off under the allowance method. Clarify this point for Tracy.
-
Coffaro Company has a credit balance of $2,200 in Allowance for Doubtful Accounts before adjustment. The estimated uncollectibles under the percentage of receivables basis is $5,100. Prepare the...
-
A: December 31, 2021, Southern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in milions, except per-share amounts) (Click the icon to view the data)...
-
Part B Short Answer Questions Generally, each Part B short answer question would take about 250 words to answer adequately. Topic 4 (Foreign currency transactions) Sydney Ltd is an Australian company...
-
Concerning a RAL, which of the following is a true statement that needs to be discussed with the tax client? Question 16Select one: a. That the RAL is an "advanced" income tax refund b. A disclosure...
Study smarter with the SolutionInn App