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Hi Again! Could you please assist me with the attached questions? Thank you so much. I-16.01 Weaver Corporation's stock is selling for $16 per share.
Hi Again!
Could you please assist me with the attached questions? Thank you so much.
I-16.01 Weaver Corporation's stock is selling for $16 per share. Weaver provided the following financial statements. Use these statements to prepare comprehensive ratio analysis tables similar to those illustrated in the chapter. WEAVER CORPORATION Comparative Balance Sheet December 31, 20X3 and 20X2 Assets Current assets Cash Accounts receivable Inventories Total current assets Property, plant, & equipment Land Building Equipment Less: Accumulated depreciation Total property, plant, & equipment Total assets Liabilities Current liabilities Accounts payable Interest payable Total current liabilities Long-term liabilities Long-term note payable Total liabilities Stockholders' equity Common stock ($0.50 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity Total liabilities and equity 20X3 $ $ $ $ $ $ $ 500,000 350,000 90,000 940,000 200,000 650,000 950,000 1,800,000 (365,000) 1,435,000 2,375,000 $ 160,000 40,000 200,000 $ 800,000 1,000,000 $ $ 100,000 655,000 620,000 1,375,000 $ 2,375,000 20X2 $ $ 370,000 290,000 110,000 770,000 ### ### 900,000 $ 1,750,000 (325,000) $ 1,425,000 $ 2,195,000 $ $ 200,000 30,000 230,000 $ 700,000 930,000 ### ### 510,000 $ 1,265,000 $ 2,195,000 I-16.01 WEAVER CORPORATION Statement of Retained Earnings For the Year Ending December 31, 20X3 Beginning retained earnings, January 1 Plus: Net income $ $ Less: Dividends Ending retained earnings, December 31 $ 510,000 160,000 670,000 50,000 620,000 WEAVER CORPORATION Income Statement For the year ending December 31, 20X3 Revenues Cost of goods sold Gross profit Operating expenses Salaries Interest Depreciation Other operating expenses Income before income taxes Less: Income taxes Net income $ $ $ 245,000 65,000 40,000 155,000 $ $ 1,685,000 980,000 705,000 505,000 200,000 40,000 160,000 Name: Date: Current Ratio Current Assets Current Liabilities Quick Ratio Debt to Total Assets Ratio Debt to Total Equity Ratio Times Interest Earned Ratio Accounts Receivable Turnover Ratio Inventory Turnover Ratio Net Profit on Sales Gross Profit Margin Return on Assets Return on Equity EPS P/E I-16.01 Section: 4.70 $940,000 $200,000 Name: Date: Dividend Rate/Yield Dividend Payout Ratio Book Value Per Share Section: I-16.01 I-16.03 Fred Slezak presented the following comparative balance sheet: FRED SLEZAK CORPORATION Comparative Balance Sheet December 31, 20X5 and 20X4 Assets 20X5 20X4 Current assets Cash $ 664,000 $ 9,000 Accounts receivable 375,000 345,000 Inventories 150,000 160,000 Prepaid expenses Total current assets 35,000 25,000 $ 1,224,000 $ 539,000 $ 300,000 $ 400,000 Property, plant, & equipment Land Building 700,000 700,000 Equipment 530,000 450,000 $ Less: Accumulated depreciation 1,530,000 $ (300,000) 1,550,000 (270,000) Total property, plant, & equipment $ 1,230,000 $ 1,280,000 Total assets $ 2,454,000 $ 1,819,000 $ 112,000 $ 119,000 Liabilities Current liabilities Accounts payable Interest payable Total current liabilities 2,000 $ 114,000 $ 119,000 Long-term liabilities Long-term note payable Total liabilities 80,000 - $ 194,000 $ 119,000 $ 700,000 $ 600,000 Stockholders' equity Common stock ($1 par) Paid-in capital in excess of par 800,000 Retained earnings 760,000 400,000 700,000 Total stockholders' equity $ 2,260,000 $ 1,700,000 Total liabilities and equity $ 2,454,000 $ 1,819,000 I-16.03 Additional information about transactions and events occurring in 20X5 follows: Dividends of $55,000 were declared and paid. Accounts payable and accounts receivable relate solely to purchases and sales of inventory. Prepaid items related only to advertising expenses. The decrease in land resulted from the sale of a parcel at a $45,000 loss. No land was purchased during the year. Equipment was purchased during the year in exchange for a promissory note payable. No equipment was sold. The increase in paid-in capital resulted from issuing additional shares for cash. The income statement for the year ending December 31, 20X5, included the following key amounts: Sales Cost of goods sold Salaries expense Advertising expense Depreciation expense Utilities expense Interest expense Loss on sale of land Income tax expense Net income $ 2,000,000 1,200,000 400,000 150,000 30,000 15,000 5,000 45,000 40,000 115,000 Prepare Fred Slezak's statement of cash flows for the year ending 20X5. Use the indirect approach, and include required supplemental information about cash paid for interest and taxes. Name: Date: I-16.03 Section: FRED SLEZAK CORPORATION Statement of Cash Flows For the Year Ending December 31, 20X5 Cash flows from operating activities: $ - ### - $ - Cash flows from investing activities: $ - Cash flows from financing activities: $ - Net increase in cash $ Cash balance at January 1, 20X5 Cash balance at December 31, 20X5 ----------------Noncash investing/financing activities: 9,000 $ - $ - $ - ----------------Supplemental information: - Name: Date: Section: I-16.03Step by Step Solution
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