a. How much did Brampton Canadian earn during 2022? Earnings During 2022 b. What would EPS be? (Round the final answer to 2 decimal places.) Earnings Per Share c. What is the payout ratio? (Do not round intermediate calculations. Round the percentage answer to the nearest whole number.) Payout Ratio d. What is its price-earnings ratio (P/E) and what is the yield? (Do not round intermediate calculations.) d(i). Price Earnings Ratio (P/E) d(ii). What is the Dividend Yield A B C D E 40 41 F Comparative Balance Sheets 31-Aug-22 G H 31-Aug-21 42 Assets 43 Current assets 44 Cash $120,000 $100,000 45 46 Accounts receivable (net) Inventory 510,000 500,000 640,000 610,000 47 Prepaid expenses 30,000 48 Total current assets 49 Investments (long-term securities) 1,300,000 80,000 60,000 1,270,000 90,000 50 Plant and equipment $2,600,000 51 Less: Accumulated amortization 1,230,000 $2,000,000 1,000,000 52 Net plant and equipment 53 Total assets 1,370,000 $2,750,000 1,000,000 $2,360,000 54 55 56 Current liabilities 57 Accounts payable 58 Notes payable Liabilities and Shareholders' Equity $550,000 500,000 59 60 Accrued expenses Total current liabilities 61 Long-term liabilities 62 Bonds payable, 2020 63 Total liabilities 64 Shareholders' equity 65 66 Preferred stock Common stock $300,000 500,000 50,000 70,000 1,100,000 870,000 160,000 100,000 1,260,000 970,000 90,000 90,000 67 Retained earnings 68 Total shareholders' equity 69 Total liabilties and shareholders' equity 1,490,000 $2,750,000 500,000 900,000 500,000 800,000 1,390,000 $2,360,000 70 71 Question 1 V1 Question 2 V1 Question 3 V1 New.... K M N O D E 10 11 12 13 14 Sales F MARIS CORPORATION Income Statement G H K L M N Year ended August 31, 2022 $3,300,000 15 Cost of goods sold 16 Gross profit 17 18 19 20 Selling and administrative expense Amortization expense Operating income Interest expense 1,950,000 1,350,000 650,000 230,000 470,000 80,000 21 Earnings before taxes 390,000 22 23 24 25 Taxes Earnings after taxes Preferred stock dividends 140,000 26 Earnings available to common shareholders 27 28 Shares outstanding 29 Earnings per share $250,000 10,000 $240,000 150,000 $1.60 30 31 32 33 34 35 36 37 Retained earnings, balance, January 1, 20XX Statement of Retained Earnings For the Year Ended August 31, 2022 Add: Earnings available to common shareholders, 20XX Deduct: Cash dividends declared and paid in 20XX Retained earnings, balance, December 31, 20XX $800,000 240,000 140,000 $900,000 38 39 Comparative Balance Sheets 40 31-Aug-22 31-Aug-21 41 Question 1 V1 Question 2 V1 Question 3 V1 New... lyi E F H K L M N E3 A B C 76 Instructions 77 Use the template below to meet the requirements of the problem. 78 79 Prepare a statement of cash flows for the year ended December 31, 2022. 80 81 82 83 Maris Corporation Statement of Cash Flows For the Year Ended December 31, 2022 84 85 86 87 88 89 90 91 Operating Activities: Net Income (earnings after taxes) Add items not requiring an outlay of cash. Amortization Cash flow from operations Changes in non-cash working capital: Increase in accounts receivable 92 Increase in inventory 93 Decrease in prepaid expenses 94 Increase in accounts payable 95 Decrease in accrued expenses Question 1 V1 Question 2 V1 Question 3 V1 New... 777 4-> Typ C 9 10 8 You have recently been hired as a part-time financial analyst for Brampton Canadian Steel Corporation. On your first day at the company, you were asked to assist in performing some valuation analysis for your team. The company had $625,000 of retained earnings on August 31, 2022. The company paid dividends of $45,000 in 2022 and had retained earnings of $580,000 on August 31, 2021. The company has 25,000 common shares outstanding and currentky sells for $40 in the stock market 11 12 13 Solution Instructions Use the information provided above to answer the followings: 14 15 Key Data 16 17 Retained earnings, August 31 2022 Dividends Paid in 2022 $652,500 $45,000 18 Retained earnings, August 31 2021 $580,000 19 Common Shares Outstanding 20 21 22 Share Price a. How much did Brampton Canadian earn during 2022? 25,000 $40 23 24 Earnings During 2022 25 26 27 28 29 b. What would EPS be? (Round the final answer to 2 decimal places.) 20 Question 1 V1 Earnings Per Share Question 2 V1 Question 3 V1 New... ly E3 D E F G H K M N A B C 94 Increase in accounts payable 95 Decrease in accrued expenses 96 97 98 99 100 101 102 103 104 105 106 107 108 Net change in non-cash working capital Cash provided by operating activities Investing Activities: Decrease in investments Increase in plant and equipment Cash used in investing activities Financing Activities: Increase in bonds payable Preferred stock dividends paid Common stock dividends paid Cash used in financing activities Net increase (decrease) in cash during the year Cash, beginning of year 109 Cash, end of year 110 111 112 113 Question 1 V1 Question 2 V1 Question 3 V1 New... ly www 4