Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Corrigan Corporation: Income Statements for Years Ending December 31 2015 2014 Interest Earnings before taxes (EBT 30,680 159,950 63.980 Taxes (40%) Net income Per-Share Data

image text in transcribed
image text in transcribed
Corrigan Corporation: Income Statements for Years Ending December 31 2015 2014 Interest Earnings before taxes (EBT 30,680 159,950 63.980 Taxes (40%) Net income Per-Share Data EPS Cash dividends Market price (average) P/E ratio Number of shares outstanding 2015 $0.80 1.10 $12.34 2014 4.17 0.95 $23.57 15.42x 5.65x 23,000 23,000 Industry Financial Ratios Current ratio Inventory tunover Days sales outstanding Fixed assets turnover Total assets turnover Return on assets Return on equity Return on invested capital Profit margln 2015 2.7x 7.0x 32.0 days 13.0 2.6x 9.1% 18.2% 14.5% 3.5% Debt-to-capital ratio 50.0% P/E ratio Industry average ratios have been constant for the past 4 years bBased on year-end balance sheet figures Calculation is based on a 365-day year

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_2

Step: 3

blur-text-image_3

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

Wiley Federal Government Auditing Laws Regulations Standards And Practices

Authors: Edward F. Kearney, Roldan Fernandez, Jeffrey W. Green, David M. Zavada

2nd Edition

1118555856, 978-1118555859

More Books

Students also viewed these Accounting questions

Question

How does the uterus of a pig differ from the uterus of a human?

Answered: 1 week ago