Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need those answers for an assignment. Its a final I only have one choice. Please and Thank you 1.The following information pertains to Whispering

I need those answers for an assignment. Its a final I only have one choice.

Please and Thank you

image text in transcribed 1.The following information pertains to Whispering Company. Assume that all balance sheet amounts represent average balance figures. Total assets $345000 Stockholders' equity-common 225000 Total stockholders' equity 273000 Sales revenue 118000 Net income 20900 Number of shares of common stock 8000 Common dividends 5000 Preferred dividends 8300 What is Whispering's payout ratio? A. B. C. D. 37% 9% 23.92% 17% 2. The 2017 financial statements of Sunland Company contain the following selected data (in millions). Current assets $95 Total assets 169 Current liabilities 46 Total liabilities 81 Cash 5 Interest expense 6 Income taxes 8 Net income The debt to assets ratio (rounded) is a. 2.09% b. 48.4% c. 6.5 times 18 d. 47.9% 3.The following information is provided for Sheridan Company and Concord Corporation: (in $ millions) Net income 2017 Sheridan Company $170 Concord Corporation $390 Net sales 2017 1625 4550 Total assets 12/31/15 1005 2280 Total assets 12/31/16 1160 3080 Total assets 12/31/17 1160 4000 What is Concord's return on assets (rounded) for 2017? a. b. c. d. 11.0% 12.7% 9.8% 14.6% 4.In a recent year Blue Spruce Corp. had net income of $146000, interest expense of $30500, and income tax expense of $42300. What was Blue Spruce Corp.'s times interest earned (rounded) for the year? a. b. c. d. 7.17 4.79 5.79 6.17 5.Metlock, Inc. had net income of $88450 and paid dividends of $27500 to common stockholders and $16000 to preferred stockholders in 2017. Metlock, Inc. common stockholders' equity at the beginning and end of 2017s was $495000 and $540000, respectively. Metlock, Inc. return on common stockholders' equity is a. 14% b. 18% c. 9% d. 13%

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

College Accounting Chapters 1-13

Authors: John Price

14th Edition

007763991X, 9780077639914

More Books

Students also viewed these Accounting questions