Answer Case 1 and 2 questions...Thank you!

Financial Statement Analysis Cases Case 1: Kellogg Company Kellogg Company is the world's leading producer of ready-to-eat cereal products. In recent years, the company has taken nu- merous steps aimed at improving its profitability and earnings per share. Presented below are some basic facts for Kellog (in millions) Net sales Net income Total assets Total liabilities Common stock, S0.25 par value Capital in excess of par value Retained earnings Treasury stock, at cost Number of shares outstanding (in millions) 2014 2013 $14,580 632 15,153 12,302 $14,792 1,807 15,474 11,867 105 626 6,749 678 6,689 3,470 358 363 Instructions (a) What are some of the reasons that management purchases its own stock? (b) Explain how earnings per share might be affected by treasury stock transactions (c) Calculate the debt to assets ratio for 2013 and 2014, and discuss the implications of the change Case 2: Wiebold, Inc. The following note related to stockholders' equity was reported in Wiebold, Inc.'s annual report. On February 1, the Board of Directors declared a 3-for-2 stock split, distributed on February 22 to shareholders of record on February 10. Accordingly, all numbers of common shares, except unissued shares and treasury shares, and all per share data have been restated to reflect this stock split. On the basis of amounts declared and paid, the annualized quarterly dividends per share were $0.80 in the ear and $0.75 in the prior year Instructions (a) (b) (c) What is the significance of the date of record and the date of distribution? Why might Wiebold have declared a 3-for-2 for stock split? Whatimpact does Wiebold's stock split have on (1) total stockholders' equity, (2) total par value, (3) outstanding shares, and (4) book value per share? Accounting, Analysis, and Principles On January 1, 2017, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 60,000 shares issued and outstanding) Paid-in Capital in Excess of Par Common Stock Retained Earnings $600,000 500,000 620,000 During 2017, the following transactions occ Jan. 15 Apr. 15 May 15 Nov. 15 Dec. 31 Declared and paid a $1.05 cash dividend per share to stockholders. Declared and paid a 10% stock dividend. The market price of the stock was $14 per share Reacquired 2,000 common shares at a market price of $15 per share. Reissued 1,000 shares held in treasury at a price of $18 per share. Determined that net income for the year was $370,000. 855 of 1556