Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

looking foward to hearing back from you Homework: Chapter 4 Homework Save Score: 0 of 4 pts 1 of 5 (1 complete) HW Score: 11.11%,

looking foward to hearing back from you
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Homework: Chapter 4 Homework Save Score: 0 of 4 pts 1 of 5 (1 complete) HW Score: 11.11%, 2 of 18 pts Problem 4-1 (similar to) Question Help Star Inc. has year 1 revenues of $81.6 million, net income of $8.38 million, assets of $63.4 million, and equity of $41.17 million, as well as year 2 revenues of $88.64 million, net income of $20.83 million, assets of $68.35 million, and equity of $48.52 million. Calculate Star's return on equity (ROE) for each year based on the DuPont method and compare it with a direct ROE measure. Next, explain why the firm's ROE changed between year 1 and year 2. The profit margin for year 1 is %. (Round to two decimal places.) Problem 4-5 (similar to) Question Help Wally Wholesale has revenue of $485,000, end-of-year receivables of $115,000, account payables of $66,000, and inventory of $88,000. Assume purchases equal cost of sales of $375,000. Estimate Wally Wholesale's age of inventory, age of receivables, and age of payables. The age of inventory is 128.5 days. (Round to one decimal place.) Save Homework: Chapter 4 Homework Score: 0 of 3 pts 4 of 5 (1 complete) HW Score: 11.11%, 2 of 18 pts Problem 4-7 (similar to) Question Help Deb Co. has interest-bearing debt of $126,03 million, non-interest-bearing debt of $34.82 million, and equity of $73.21 million. Calculate Deb Co.'s debt-to-assets, debt-to-equity, and long-term-debt-to-capital ratios. The debt-to-assets ratio is % (Round to one decimal place.) Homework: Chapter 4 Homework Save Score: 0 of 6 pts 5 of 5 (1 complete HW Score: 11.11%, 2 of 18 pts Problem 4-9 (static) Question Help Using Home Deports 2010 and 2011 balance sheets in and statements of earnings in stop the radio presented in Figure 4-4 for Home Depot for 2010 and 2011, indicating the numerator and denominator of each. Confirm the we presented in Figure 4-4. Calculate the rates below. Round the dollar amounts to the nearest integer and the ratios to one decinal place) 2010 un milion or as indicated) Den Meas Num Den Meas Performance Measure Retum on Equity Data Table The Home Depot in and Subsidiaries Consolidated Balance Sheets Amounts in millions ASSETS 21-Jan-12 30-Jan-11 31-Jan-10 Current Assets Cash and Cash Equivalents (Marketable Securities 51421 105 Inventories 10.325 10.625 101 Other Current Assets 1224 1327 Total Current Assets Property and Equipment at Cost Land 8.400 8.49 8.451 Buildings 17.737 Furniture. Foues and Equipment 10.000 9.091 Other Property and Equipment 2.710 2.505 38.95 38.385 37345 Less Accumulated Depreciation and Amortization 1452 13.325 11.795 Net Property and Equipment 25.000 25.500 Goodwill 1.111 Other Total Assets $40.77 LIABILITIES AND STOCKHOLDERS' EQUITY Current Ube Accounts Payable S71 54.63 Current installments of Long Term Dube 30 Other Current Liabilities 4480 Total Current Labs 10.122 10363 Long Term Debt, excluding current instaliments 10.758 8.700 8.662 Deferred Income 272 319 Other Long-Term Lia 2.14 2.135 2140 Total Liabilities 21236 STOCKHOLDERS' EQUITY 17.90 19.30 Total Liabilities and Stockholders' Equity SO Print Done Homework: Chapter 4 Homework Save Score: 0 of 6 pts 5 of 51.com HW Score: 11.11%.20f 18 pts Problem 4-9 (static) Using Home Depers 2010 and 2011 balance sheets in and statements of aming in the ratios presented in Figure 44 for Home Depot for 2010 and 2011. indicating the numerator and denominator of each. Contim the answers presented in Figure Calculate the ration below. (Round me dolar amounts to the nearest images and read are decimal place) Den on million ornaled Performance Measure Retum on Bouty Data Tube The Home Depot. Inc. and Subsidiaries Consolidated Balance Sheets Amountains ASSETS Current Assets Cash and Cashes ble Secure 31-Jan-10 5545 Omer Current Assets To Ourrent Assets Property and Equipment at Cost 10.188 1327 1300 Data Table Home Depot and Share Consolidated Statement of Earnings Amountain one pershare.com Fiscal Year Ended 1230-Jan-11 31-Jan-10 NET SALES Cost of Sales GROSS PROFIT 22 412 OPERATING EXPENSES Selling General and Administrative 15.10 15.02 Depreciation and Am 169 107 TOTAL OPERATING EXPENSES 17600 OPERATING INCOME (EBIT) EARNINGS BEFORE INCOME TAXES 4023 Provision for income 2. 05 1382 NET EARNINGS 3260 Number of Common Shares EARNINGS PER SHARE DILUTED EARNINGS PER SHARE 5200 $150 Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting Principles

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

9th Edition

978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475

Students also viewed these Finance questions