Corp Fin Week 3

12. Starting with Net Income, show the calculation of Cash Flow from Operations for Gannon for 2017?

13. What was Gannons Equity Multiplier for 2017?

14. What was Gannons Return on Equity in 2017 (For balance sheet accounts, use the average of the beginning and end-of-year balances)?

15. If Gannon had 100,000 common shares outstanding during 2017 and its stock is currently worth $45.58 per share, what is the firms Price : Earnings (PE) ratio?

16. If Gannon projects 2018 sales to increase by 15% over 2017, its after-tax profit margin to remain the same, and anticipates a 36% dividend payout ratio, what are its projected retained earnings by the end of 2018?

NO PHOTOS, SCREEN SHOTS, NO HANDWRITTEN OR IMAGES OF RESPONSE. PLEASE TYPE YOUR ANSWER OR UPLOAD DOCUMENT IF REQUIREMENTS MENTIONED ABOVE ARE NOT MET I WILL GIVE A NEGATIVE RATING

For questions #7-18, refer to the following financial information for Gannon Insurance. YOU MUST SHOW ALL CALCULATIONS TO EARN CREDIT 2016 2017 BALANCE SHEETS: Assets: Cash Accounts Receivable Inventory Fixed Assets, net Total Assets 120,000 520,000 305,000 410,000 1,355,000 160,000 620,000 290,000 510,000 1,580,000 Liabilities and Equity: Accounts Payable Long-term Debt Common Stock Retained Earnin Total Liabilities and Equity 350,000 500,000 50,000 455,000 1,355,000 375,000 625,000 75,000 505,000 1,580,000 INCOME STATEMENT: 3,500,000 2,275,000 515,000 120,000 590,000 40,000 550,000 167,000 383,000 Revenue Cost of Goods Sold General and Administrative ation se Earnings Before Interest and Taxes Interest Pretax Net Income Income Taxes Net Income se