Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help finding dividends per share, compound average annual growth rate and receivable collection period for the assignment attached Triple A Office Mart Income

I need help finding dividends per share, compound average annual growth rate and receivable collection period for the assignment attached image text in transcribed

Triple A Office Mart Income Statement Sales Cost of goods sold Gross profit S A and depreciation EBIT Interest Expense Profit before tax Tax Expense Net income 1993 $3,800,000 $2,460,000 $1,340,000 $684,000 $656,000 $30,780 $625,220 $187,566 $437,654 1994 $4,180,000 $2,975,000 $1,205,000 $820,000 $385,000 $30,780 $354,220 $106,266 $247,954 1995 $4,850,000 $3,200,000 $1,650,000 $898,408 $751,592 $42,372 $709,220 $212,766 $496,454 1996 $6,000,000 $4,180,000 $1,820,000 $1,015,467 $804,533 $35,313 $769,220 $230,766 $538,454 $295,000 $11,400 $950,000 $1,256,400 $450,000 $1,706,400 $326,040 $12,540 $1,028,595 $1,367,175 $501,600 $1,868,775 $378,300 $20,700 $1,559,407 $1,958,407 $501,600 $2,460,007 $468,000 $18,000 $1,735,207 $2,221,207 $503,000 $2,724,207 $300,000 $113,326 $180,000 $593,326 $342,000 $935,326 Balance Sheet Cash Accounts Receivable Inventory Total current assets PPE net Total assets Accounts payable Notes payable Accrued wages &taxes Total current liabilities Long-term debt Total liabilities $152,000 $167,200 $114,000 $266,000 $342,200 $608,200 $125,000 $292,200 $342,000 $634,200 $190,000 $289,776 $145,500 $625,276 $342,000 $967,276 Contributed Capital Retained earnings Total Shareholders Equity $600,000 $498,200 $1,098,200 $600,000 $634,575 $1,234,575 $600,000 $892,731 $1,492,731 $600,000 $1,188,881 $1,788,881 Total liabilities & equity $1,706,400 $1,868,775 $2,460,007 $2,724,207 NOTE: # Shares outstanding 120,000 120,000 120,000 120,000 Triple A Office Mart Ratios Returnd on Equity Return on Asset Compound Annual Av. Rate Profit Aftex Tax Earnings per share Dividends per share Profit Margin Current Ratio Quick Ratio Inventory Turnover R. collection period 1993 40% 25.65% 1994 20.08% 13.27% 1995 33.26% 20.18% 1996 30.10% 19.77% $437,654 $3.65 $247,954 $2.07 $496,454 $4.14 $538,454 $4.49 11.52% 3.67 1.15 4 5.93% 4.68 1.16 4.0637957602 10.24% 3.13 0.64 3.1101566172 8.97% 3.74 0.82 3.457800712

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

Step: 3

blur-text-image

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 Accounting

Authors: Robert Kemp, Jeffrey Waybright

5th edition

134727797, 9780134728643 , 978-0134727790

More Books

Students also viewed these Accounting questions