Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can you show me the math used to get these numbers Ratio Analysis Class Practice: FINA 3380 Vaquero Inc. had sales of $7,200 with COGS

image text in transcribed
can you show me the math used to get these numbers
image text in transcribed
image text in transcribed
Ratio Analysis Class Practice: FINA 3380 Vaquero Inc. had sales of $7,200 with COGS equal to 76% of sales. Vaquero Inc. also had total other operating expenses of $1,368, interest expense of $115.20, and is subject to a flat 40% of its pre-tax income in income taxes. What is Vaquero Inc.'s net income? Income Statement for the Year Ended Dec 31, 2018 Sales (Revenue) $7,200.00 Less, Cost of Goods Sold (COGS) 5.472.00 Gross Profits $1,728.00 Less, Operating Expenses 1.368.00 Earnings before Income and Taxes S 360.00 (EBIT)/Operating Profit Less, Interest Expenses 115.20 Earnings before Tax (EBT) S 244.80 Less, Taxes (40%) 97.92 Net Income (after Tax) $_146.88 Assets Cash Accts. receivable Inventories Total current assets Balance Sheet as of Dec 31, 201X Liabilities and Equity $ 168.00 Accounts payable 1,056.00 Notes payable 1,584.00 Accruals S2,808.00 Total current liabilities Long-term bonds Total debt Common stock (50,000 shares) Retained earnings 1.992.00 Total common equity $4,800.00 Total liabilities & equity $ 960.00 720.00 480.00 S2,160.00 1.200.00 $3,360.00 240.00 1.200.00 $1.440.00 54.800.00 Net plant & equip. Total assets Other data Shares outstanding (in "0001) Common dividends in 000) Federal plus state income tax rate Year-end stock price 50.00 $42.8 40% $30.60 $7,200.00 11 12 Income Statement for the Year Ended Dec 31, 201X 13 Sales (Revenue) 14 15 . 16 17 21 Net Income (after Tax) 22 23 Less, Preferred Divideneds 24 Earnings available to common shareholders 0.00 146.88 Balance Sheet as of Dec 31, 201x Liabilities and Equity Assets $4,800.00 Total liabilities & equity Total assets S4.800.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

How To Build A Cyber Resilient Organization Internal Audit And IT Audit

Authors: Eugene Fredriksen

1st Edition

1032402210, 978-1032402215

More Books

Students also viewed these Accounting questions

Question

Show that when 0 4z

Answered: 1 week ago

Question

Solve the following 1,4 3 2TT 5x- 1+ (15 x) dx 5X

Answered: 1 week ago