Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I dont need the awnsers. But I need someone to explain how to get them computed the right way. I messee up twice now and

image text in transcribedI dont need the awnsers. But I need someone to explain how to get them computed the right way. I messee up twice now and I feel like Im either missing something or adding too much.
image text in transcribed
Home BMT 2100 FS Examples - Compatibility Mode View Tell me Insert Draw Page Layout Formulas Data Review Share Comants Calibri Body - ' Centras 247 On - O-A BE $ 96 % Condenal Format Forning Tile Sort 12 X INCOME STATEMENT (in Millions) + + 0 BALANCE SHEET (in millions) 12/31/16 12/31/15 INCOME STATEMENT (in millions) 17/31/16 12/31/15 Assets Cash & equivalents Accounts Receivable Inventory Total current assets Net plant & equipment Total assets 30 120 150 300 600 900 40 100 210 350 450 800 Net Sales Variable Costs 75% of sales) Gross profit Fixed costs, except depreciation EBITDA Depreciation 1200 900 300 60 240 en 1040 780 260 60 200 30 30 1 EBIT Interest EBT Income Taxes (30%) Net Income 200 40 160 48 112 170 30 140 42 9 Liabilities & Equity Accounts payable Accruals Notes Payable Total current liabilities Long-term bonds Total liabilities (debt) Common stock (40 million shares) Retained earnings Total common equity Total liabilities & equity 125 75 100 300 100 400 80 420 500 900 100 50 100 250 75 325 80 Preferred dividends 0 Earnings per share 395 475 800 + 100 a) Compute Earnings Per Share for the 2 years. b) Using these financial statements, compute these 2016 financial ratios for MIDDLETON CORP: Current, Quick, Inventory turnover, Days sales outstanding, Fixed asset turnover, Total assets turnover, Debt ratio, Times interest earned, Net profit margin, Return on assets, Return on equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting and Analysis Using Financial Accounting Information

Authors: Charles H. Gibson

13th edition

1285401603, 1133188796, 9781285401607, 978-1133188797

More Books

Students also viewed these Accounting questions

Question

Why is the cost of assuring dependability exponential?

Answered: 1 week ago