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Here is the question and I would like you to put the answers down according the the letter it goes with... For example, if the question is under number one please make sure you put the answer under number one.

1 You're 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, 2019, and 2018 (in millions of dollars)
2019 2018 2019 2018
Assets Liabilities and Equity
Current assets: Current liabilities:
Cash and marketable securities $427 $322 Accrued wages and taxes $309 $257
Accounts receivable a. ? 259 Accounts payable 381 b. ?
Inventory 815 797 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 2,956
Less: Depreciation 368 254 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

A. Accounts receivable for 2019 ________

B. Accounts payable for 2018 ________

C. Long-term debt for 2018 ________

D. Gross plant and equipment for 2019 ________

E. Common stock and paid-in surplus (250 million shares) for 2018 ________

F. Total FA for 2019 ________

Worldwide Widget Manufacturing, Inc. Income Statement for Years Ending December 31, 2019, and 2018 (in millions of dollars)
2019 2018
Net sales g. ? $2,018
Less: Cost of goods sold 753 h. ?
Gross profits $1,623 $1,189
Less: Other operating expenses 423 167
Earnings before interest, taxes, depreciation, and amortization (EBITDA) $1,200 $1,022
Less: Depreciation 114 114
Earnings before interest and taxes (EBIT) $1,086 $ 908
Less: Interest i. ? 128
Earnings before taxes (EBT) $949 $780
Less: Taxes j. ? 234
Net income $664 $546
Less: Preferred stock dividends 98 98
Net income available to common stockholders $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 2019 ________

H. Less: Cost of goods sold for 2018 ________

I. Less: Interest for 2019 ________

J. Less: Taxes for 2019 ________

K. Earnings per share (EPS) for 2019 ________

L. Dividends per share (DPS) for 2018 ________

M. Book value per share (BVPS) for 2019 ________

Worldwide Widget Manufacturing, Inc. Statement of Cash Flows for Year Ending December 31, 2019 (in millions of dollars)
Section A. Cash flows from operating activities
Net income n. ?
Additions (sources of cash):
Depreciation 114
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 common and preferred stock 0
Subtractions:
Decrease in long-term debt -25
Pay dividends u. ?
Net cash flow from financing activities: v. ?
Section D. Net change in cash and marketable securities $105

N. Net income ________

O. Increase in accrued wages and taxes ________

P. Increase in inventory ________

Q. Net cash flow from operating activities ________

R. Increase in other long-term assets ________

S. Net cash flow from investing activities ________

T. Increase in notes payable ________

U. Pay dividends ________

V. Net cash flow from financing activities ________

Worldwide Widget Manufacturing, Inc. Statement of Retained Earnings as of December 31, 2019 (in millions of dollars)
Balance of retained earnings, December 31, 2018 $1,142
Plus: Net income for 2019 w. ?
Preferred stock x. ?
Common stock 219
Total cash dividends paid 317
Balance of retained earnings, December 31, 2019 $1,489

W. Plus: Net income for 2019________

X. Preferred stock ________

2. 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 2019 ________; $________
  2. Gross plant and equipment for 2019 ________; $________
  3. Increase in fixed assets, December 31, 2019 ________; $________
  4. Net sales for 2019 ________; $________
  5. Balance of retained earnings, December 31, 2019 ________; $________
  6. Common stock and paid-in surplus for 2018 ________; $________
  7. Net cash flow from investing activities, December 31, 2019 ________; $________
  8. Increase in inventory, December 31, 2019 ________; $________
  9. Accrued wages and taxes for 2018 ________; $________
  10. Book value per share (BVPS) for 2019 ________; $________

3. You'll need to compare your company's ratios with the industry's standards.

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%
  1. Use the information found in Worldwide Widget Manufacturing's 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 company's result with the industry standards, indicating if your company's results are lower than, higher than, slower than, or faster than the industry standards.
  2. Calculate your company's internal and sustainable growth rates.

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