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i need to figure out req 4,6,7, and 8 help me please Nova Incorporated declared and paid $4.800 of cash dividends during the current year
i need to figure out req 4,6,7, and 8 help me please
Nova Incorporated declared and paid $4.800 of cash dividends during the current year ended December 31. Its financial statements also reported the following summarized data: Current Previous $ 270,000 146,000 124,000 71,300 4,500 48,200 14,460 5.33,740 $ 237,000 136,000 101,000 64,800 4,400 31,800 4,860 $ 27,000 Incone Statement Sales revenue Cost of goods sold Gross profit Operating expenses Interest expense Incone before income taxes Income tax expense Net income Balance Sheet Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities Notes payable (long-term) Connon stock (par $5) Additional paid in capital Retained earnings Total liabilities and stockholders' equity $ 8,940 37,000 58,000 63,000 $ 166,940 $ 17,000 63,000 40,800 8,600 37, 540 $ 166,940 59,800 32,000 53,000 56,000 $ 150.800 $ 31,600 63,000 40,800 6,800 8,600 $ 150,800 Required: 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 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 $40,800 at the beginning of the previous year. Compute the return on equity (ROE) 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 $44.000 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. Alter Nova released its current year's financial statements, the company's stock was trading at $48. After the release of its previous year's financial statements, the company's stock price was $36 per share. Compute the P/E ratios for both years. Does it appear that Investors have become more or less) optimistic about Nova's future success? Complete this question by entering your answers in the tabs below. Required Required 5 Required 6 Required 7 Required 4 Required 3 Required 1 Required 2 4-3. Stockholders' equity totaled $40,000 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.) 4-5. Are the current-year results better, or worse than those for the previous year? 4-a Current Year 4a Previous Year 4. Current year return on equity ratio is Worse Sallid statements, the company's stock was trading at $48. After the release of its previous year's financial statements, the company's stock price was $36 per share. Compute the P/E ratios for both years. Does it appear that Investors have become more or less) optimistic about Nova's future success? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required B 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? 6-a. Current Year 6-a. Previous Year 6-b Current year debt-to-assets ratio is e more for less) optimistic about Nova's future success? I woul years. Does it appear the Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required B 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? 7-a Current Year 7-a Previous Year 7-b Current year times interest earned ratio is Better upursue about Nova's future success? ces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Required 7 Required 8-a. After Nova released its current year's financial statements, the company's stock was trading at $48. After the release of its previous year's financial statements, the company's stock price was $36 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 Nova's future success? Show less 10.7 8-a Current Year 8-a Previous Year 8-b Current year P/E ratio is 99 More Optimistic Step by Step Solution
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