Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Horizontal Analysis Total assets were $1,000,000 in 2019, $900,000 in 2018, and $950,000 in 2017. What was the percentage change from 2017 to 2018 and
Horizontal Analysis Total assets were $1,000,000 in 2019, $900,000 in 2018, and $950,000 in 2017. What was the percentage change from 2017 to 2018 and from 2018 to 2019? Was the change an increase or a decrease? Use a negative sign with your answer(s) to reflect if the change is was a decrease. Round answers to one decimal place. Ex: 0.2345 = 23.5% % change from 2017 to 2018 * % % change from 2018 to 2019 X % Dividends per Share The following financial data is from Brenner Instruments' financial statements (thousands of dollars, except earnings per share.) 2019 Sales revenue Cost of goods sold Net income Dividends Earnings per share $210,000 125,000 8,300 2,600 4.15 BRENNER INSTRUMENTS, INC. Balance Sheet (Thousands of Dollars) Dec. 31, 2019 Dec 31, 2018 Assets Cash $18,300 $18,000 Accounts receivable (net) 46,000 41,000 Inventory 39,500 43,700 Total current assets 103,800 102,700 Plant assets (net) 52,600 50,500 Other assets 15,600 13,800 Total assets $172,000 $167,000 Liabilities and Stockholders' Equity Notes payable-banks $6,000 $6,000 Accounts payable 22,500 18,700 Accrued liabilities 16,500 21,000 Total current liabilities 45,000 45,700 9% Bonds payable 40,000 40,000 Total liabilities 85,000 85,700 Common stock, $25 par value (2,000,000 shares) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 50,000 37,000 87,000 $172,000 50,000 31,300 81,300 $167,000 Calculate the company's dividends paid per share of common stock for 2019. Round answer to two decimal places. What is the dividend payout ratio? Round answer to one decimal place. Ex: 0.2345 = 23.5% x % Check
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started