Hw chap 13
HW chapter 13 Saved Help Save & Exit Submit Check my work 2. Brass Corporation declared and paid $3,100 of cash dividends during the current year ended December 31. Its financial statements also reported the following summarized data: 50 Current Previous points Income Statement $ 185,000 eBook Print Sales revenue Cost of goods sold Gross profit Operating expenses Interest expense Income before income taxes Income tax expense 112,000 73,000 54,300 2,800 15,900 4,770 $ 11,130 $ 169,000 102,000 67,000 51,200 2,700 13,100 3,100 $ 10,000 References Net income Balance Sheet Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities Notes payable (long-term) $ 4,730 20,000 41,000 46,000 $ 111,730 $ 8,100 23,500 36,000 39,000 $ 106,600 $ 19,700 46,000 $ 16,700 46,000 HW chapter 13 i Saved Help Save & Exit Submit Check my work 2 investors have become more or less) PLIITTISLIC about Diasss Tuure success! Complete this question by entering your answers in the tabs below. 50 points Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 eBook 6-a. Compute the debt-to-assets ratios for the current and previous years. (Round your answers to 2 decimal places.) 6-b. Is debt providing financing for a larger or smaller proportion of the company's asset growth? Print 6-a. Current Year 6-a. Previous Year 6-b. Current year debt-to-assets ratio is: HW chapter 13 i Saved Help Save & Exit Submit Check my work Relalleu earnings 5,200 2 13,230 $ 111,730 Total liabilities and stockholders' equity $ 106,600 Required: 50 points eBook Print ences 1. Compute the gross profit percentage for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 2. Compute the net profit margin for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 3. Compute the earnings per share for the current and previous years. Are the current-year results better, or worse, than those for the previous year? TIP: To calculate EPS, use the balance in Common Stock to determine the number of shares outstanding. Common Stock equals the par value per share times the number of shares. 4. Stockholders' equity totaled $30,600 at the be ing of the previous year. Compute the return on equity OE) ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 5. Net property and equipment totaled $35,500 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 6. Compute the debt-to-assets ratios for the current and previous years. Is debt providing financing for a larger or smaller proportion of the company's asset growth? 7. Compute the times interest earned ratios for the current and previous years. Are the current-year results better, or worse, than those for the previous year? 8. After Brass released its current year's financial statements, the company's stock was trading at $31. After the release of its previous years financial statements, the company's stock price was $22 per share. Compute the P/E ratios for both years. Does it appear that investors have become more (or less) optimistic about Brass's future success? HW chapter 13 i Saved Help Save & Exit Submit Check my work 2 investors have become more or less) PLIITTISLIC about Diasss Tuure success! Complete this question by entering your answers in the tabs below. 50 points Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 eBook Print 4-a. Stockholders' equity totaled $30,600 at the beginning of the previous year. Compute the return on equity (ROE) ratios for the current and previous years. (Round percentage values to 1 decimal place.) 4-b. Are the current-year results better, or worse, than those for the previous year? References 4-a. Current Year % 4-a. Previous Year % 4-b. Current year return on equity ratio is: HW chapter 13 i Saved Help Save & Exit Submit Check my work 2 investors llave become more or less) PLIITTISTIC about Diass Tuture success! Complete this question by entering your answers in the tabs below. 50 points Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 eBook Print 5-a. Net property and equipment totaled $35,500 at the beginning of the previous year. Compute the fixed asset turnover ratios for the current and previous years. (Round your answers to 2 decimal places.) 5-b. Are the current-year results better, or worse, than those for the previous year? ces 5-a. Current Year 5-a. Previous Year 5-b. Current year fixed asset turnover is: HW chapter 13 Saved Help Save & Exit Check m 2 investors Tave become more or less) oplnISLIC about Diasss luure success! Complete this question by entering your answers in the tabs below. 50 points Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 eBook 7-a. Compute the times interest earned ratios for the current and previous years. (Round your answers to 1 decimal place.) 7-b. Are the current-year results better, or worse, than those for the previous year? Print References 7-a. Current Year 7-a. Previous Year 7-b. Current year times interest earned ratio is: HW chapter 13 Saved Help Save & Exit Submit Check my work livestors llave pecome more or less) pullISLIC about Diasss lulule success! 2 Complete this question by entering your answers in the tabs below. 50 points Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8 eBook Print 8-a. After Brass released its current year's financial statements, the company's stock was trading at $31. After the release of its previous year's financial statements, the company's stock price was $22 per share. Compute the P/E ratios for both years. (Round your intermediate calculations to 2 decimal places and final answers to 1 decimal place.) 8-b. Does it appear that investors have become more (or less) optimistic about Brass's future success? References Show less 8-a. Current Year 8-a. Previous Year 8-b. Current year P/E ratio is:
