Here is all the rest of it. I just need the bottom answered.

Part 1: Financial Statements and Ratios

1A. Youre the chief financial officer (CFO) of Worldwide Widget Manufacturing, Inc. The company manufactures and sells widgets at factories in the United States and internationally. Listed below are partial financial statements for Worldwide Widget Manufacturing, Inc. Fill in the missing information in each of the following financial statements. Answer spaces are given below.

Worldwide Widget Manufacturing, Inc. Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars)
2015		2014		2015		2014
Assets			Liabilities and Equity
Current assets:			Current liabilities:
Cash and marketable securities	$ 347		$ 322	Accrued wages and taxes	$ 309		$ 257
Accounts receivable	a. ?		259	Accounts payable	381		b. ?
Inventory	895		797	Notes payable	$ 492		$ 421
Total	$1,542		$1,378	Total	$1,182		$997
Fixed assets:		Long-term debt:		1,934		c. ?
Gross plant and equipment	d. ?		$2,817	Total	3,116		1,129
Less: Depreciation		287		254		Stockholders equity:
Net plant and equipment	$2,872		$2,563	Preferred stock (30 million shares)	$ 30		$30
Other long-term assets	521		487	Common stock and paid-in surplus (250 million shares)	300		e. ?
Retained earnings			1,489		1,142
Total FA	f.?		$3,050	Total Equity	$1,819		$1,472
Total assets	$4,935		$4,428	Total liabilities and equity	$4,935		$4,428

Accounts receivable for 2015__$300____

Total current assets= cash and marketable securities + account rec + inventory

1,542=347+a/r+895

Accounts rec = $300

Accounts payable for 2014__$319_____

Total Current Liabilities = Accrued Wages and taxes + Accounts Payable + Notes Payable 997 = 257 + Accounts Payable + 421 Accounts Payable = $319

c. Gross plant and equipment for 2015_$3,159______

Net Plant and Equipment = Gross Plant and Equipment Depreciation 2,872 = Gross Plant and Equipment 287 Gross Plant and Equipment = $3,159

d. Long-term debt for 2014__$132_____

Total Debt = Long-term Debt + Current Liabilities 1,129 = Long-term Debt + 997 Long-term Debt = $132

e. Common stock and paid-in surplus (250 million shares) for 2014 $300

Total Equity = Preferred Stock + Common Stock and paid surplus + Retained Earnings 1,472 = 30 + Common Stock and paid surplus + 1,142 Common Stock and paid surplus = $300

f. Total FA for 2015 $3,393

Total FA = Net Plant and Equipment + Other long-term assets Total FA = $2,872 + 521 Total FA = $3,393

3

Graded Project

Worldwide Widget Manufacturing, Inc. Income Statement for Years Ending December 31, 2015 and 2014 (in millions of dollars)
2015		2014
Net sales	g. ?		$2,018
Less: Cost of goods sold	987		h. ?
Gross profits	$1,396		$1,189
Less: Other operating expenses	189		167
Earnings before interest, taxes, depreciation, and amortization (EBITDA)	$1,207		$1,022
Less: Depreciation	121		114
Earnings before interest and taxes (EBIT)	$1,086		$ 908
Less: Interest	i. ?		128
Earnings before taxes (EBT)	$ 949		$ 780
Less: Taxes	j. ?		23
Net income	$ 664		$ 546
Less: Preferred stock dividends	98		98
Net income available to common stock holders	$ 566		$ 448
Less: Common stock dividends	219		199
Addition to retained earnings	$ 347		$ 249
Per (common) share data:
Earnings per share (EPS)	k. ?		$1.79
Dividends per share (DPS)	$ 0.88		l. ?
Book value per share (BVPS)	m. ?		$ 5.77
Market value per share (MVPS)	$23.97		$22.47

g. Net sales for 2015_______

Net Sales Cost of Goods Sold = Gross Profit

Net Sales 987 = 1,396

Net Sales = $2,383

h. Less: Cost of goods sold for 2014_______

Net Sales Cost of Goods Sold = Gross Profit 2,018 - Cost of Goods Sold = 1,189 Cost of Goods Sold = $829

i. Less: Interest for 2015_______

EBIT- Interest = EBT 1,086 Interest = 949 Interest = $137

j. Less: Taxes for 2015_______

Net Income = EBT Taxes 644 = 949 Taxes Taxes = $305

k. Earnings per share (EPS) for 2015_______

Earning per share for 2015 = Net Income available to Common Stockholders / No of Common Stocks

Earning per share =566 / 250

Earning per share = $2.27 per share

l. Dividends per share (DPS) for 2014_______

Dividend per share = Common stock Dividend/ No of Common Stocks

Dividend per share = 219/250

Dividend per share = $0.88 per share

m. Book value per share (BVPS) for 2015_______

Book value per share= total common stockholders equity/No of Common Stocks

Book value per share= 1,789/250

Book value per share= 7.16

Worldwide Widget Manufacturing, Inc. Statement of Cash Flows for Year Ending December 31, 2015 (in millions of dollars)
Section A. Cash flows from operating activities
Net income	n. ?
Additions (sources of cash):
Depreciation	287
Increase in accrued wages and taxes	o. ?
Increase in accounts payable	62
Subtractions (uses of cash):
Increase in accounts receivable	41
Increase in inventory	p. ?
Net cash flow from operating activities	q. ?
Section B. Cash flows from investing activities
Subtractions:
Increase in fixed assets	$343
Increase in other long-term assets	r. ?
Net cash flow from investing activities:	s. ?
Section C. Cash flows from financing activities
Additions:
Increase in notes payable	t. ?
Increase in long-term debt	147
Increase in common and preferred stock	0
Subtractions:
Pay dividends	u. ?
Net cash flow from financing activities:	v. ?
Section D. Net change in cash and marketable securities	$25

n. Net income $664

o. Increase in accrued wages and taxes $309-$257= $52

p. Increase in inventory (895-797)= $ -98

q. Net cash flow from operating activities 664+287+52+62-41-98=$926

r. Increase in other long-term assets (521-487)= $-34

s. Net cash flow from investing activities -343-34=-377

t. Increase in notes payable 492-421= 71

u. Pay dividends 98+219= 317

v. Net cash flow from financing activities 71+147-317= -99

Worldwide Widget Manufacturing, Inc. Statement of Retained Earnings as of December 31, 2015 (in millions of dollars)
Balance of retained earnings, December 31, 2014		$1,142
Plus: Net income for 2015		w. ?
Less: Cash dividends paid	0		0
Preferred stock		x. ?
Common stock		219
Total cash dividends paid		317
Balance of retained earnings, December 31, 2015		$1,489

w. Plus: Net income for 2015 $664

x. Preferred stock $98

1B. For each of the items listed below, indicate on which of the major statements they would be found (1, 2, 3 or 4) and the amount shown on the statements above:

1. Balance sheet 3. Statement of cash flows

2. Income statement 4. Statement of retained earnings

1. Earnings before taxes for 2015 Income statement; $949

2. Gross plant and equipment for 2015 Balance Sheet; $3,159

3. Increase in fixed assets, December 31, 2015 Statement of cash flows; $-343

4. Net sales for 2015 Income statement; $2,383

5. Balance of retained earnings, December 31, 2015 Statement of retained earnings; $1,489

6. Common stock and paid-in surplus for 2014 Balance sheet; $300

7. Net cash flow from investing activities, December 31, 2015 Statement of cash flow; $-309

8. Increase in inventory, December 31, 2015 Statement of cash flow; $-98

9. Accrued wages and taxes for 2014 Balance sheet; $257

10. Book value per share (BVPS) for 2015 Income statement; $7.16

Worldwide Widget Manufacturing, Inc.

	Company	Industry	Comparison
Current Ratio		2.2 times
Quick Ratio		1.1 times
Cash Ratio		0.35 times
Inventory Turnover		2 times or 1 time
Days' sales in inventory		135 days or 335 days
Average payment period		110 days
Sales to working capital		3 times
total asset turnover		0.6 times
debt to equity		1.1 times
profit margin		16.5%
gross profit margin		48.13%
ROA		8.78%
ROE		19.45%
Dividend payout		32%

A. Use the information found in Worldwide Widget Manufacturings financial statements to calculate all of the listed financial ratios in the above table for your company. Then, for each ratio, provide a comparison of the companys result with the industry standards, indicating if your companys results are lower than, higher than, slower than, or faster than the industry standards.

B. Calculate your companys internal and sustainable growth rates.