Merchandise investory sloties payable long-term) Det anled Baildings and equipment Selling, general and administrative expenses Accounts receivable Commen steek (25,000 shares) Income tax expense Cash Retained eaminge. 1/1/19 Accrued liabilities Cout of goods sold Recumulated depreciation Interest expense decounts payable Dividende declared and paid during 2019 8103,500 115.000 345,000 207.000 34.500 51.750 150.000 24,640 177,657 12,256 . 93,150 20.700 34,300 9.53 207,000 Except as otherwise indicated assume that all balance sheet items reflect account balances at December 31, 2019, and that all income statement tems reflect activities that occurred during the year ended December 31, 2019. There were no changes in peld-in capital Curing the year Required: a. Prepare an income statement and statement of changes in stockholders' equity for the year ended December 31, 2019, and a balance sheet at December 31, 2019 for Shae Inc. Based on the financial statements that you have prepared for parta, answer the questions in parts b-e. What is the company's average Income tax rate? c. What interest rate is charged on long-term debt? Assume that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year d. What is the per value per share of common stock? e. What is the company's dividend policy, what proportion of the company's earnings is used for dividends? Complete this question by entering your answers in the tabe below. REGAL RA2 RAD Prepare a balance sheet at December 31, 2019, for Shoe Inc. (Enter decreases was to indicate a negative financial statement effect.) HAEC As 10, A te mated dati Cate 14 Income Ch selling and Contok ,stres Account payable dr. 1/1 mory Logo nale di 211 12.00 . 0,00 . 12.90 23.00 N. 12.40 34.31 3,100 2,100 . 14,216 Geceptas otherwise indicated assume that al balance sheet torms reflect account balances at December 2013, and that come statemente reflect acties that occurred during the year ended December 2009. There were no changes in paida capital during reyert Required: Prepare an income statement and statement of charges in stockholders/cuity for the year ended December 31, 2019 anda balance sheet at December 1, 2016. for Breannaic Bewed on the financial statements you have prepared for answer the questions in parts be Wat is company's average income taxe? What interest rates charged on long term debe sure that the yer and balance of interest is representative of the average long-term dutccountance throughout the year d. What is the value per here of common e. What is the companys dvidend polye. what proportion of the company's earnings is used for videret Complete the question by entering your newers in the the below RA RAS Prowa bence sheet December 31, 2013, for increderea camente A Merchandise investory sloties payable long-term) Det anled Baildings and equipment Selling, general and administrative expenses Accounts receivable Commen steek (25,000 shares) Income tax expense Cash Retained eaminge. 1/1/19 Accrued liabilities Cout of goods sold Recumulated depreciation Interest expense decounts payable Dividende declared and paid during 2019 8103,500 115.000 345,000 207.000 34.500 51.750 150.000 24,640 177,657 12,256 . 93,150 20.700 34,300 9.53 207,000 Except as otherwise indicated assume that all balance sheet items reflect account balances at December 31, 2019, and that all income statement tems reflect activities that occurred during the year ended December 31, 2019. There were no changes in peld-in capital Curing the year Required: a. Prepare an income statement and statement of changes in stockholders' equity for the year ended December 31, 2019, and a balance sheet at December 31, 2019 for Shae Inc. Based on the financial statements that you have prepared for parta, answer the questions in parts b-e. What is the company's average Income tax rate? c. What interest rate is charged on long-term debt? Assume that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year d. What is the per value per share of common stock? e. What is the company's dividend policy, what proportion of the company's earnings is used for dividends? Complete this question by entering your answers in the tabe below. REGAL RA2 RAD Prepare a balance sheet at December 31, 2019, for Shoe Inc. (Enter decreases was to indicate a negative financial statement effect.) HAEC As 10, A te mated dati Cate 14 Income Ch selling and Contok ,stres Account payable dr. 1/1 mory Logo nale di 211 12.00 . 0,00 . 12.90 23.00 N. 12.40 34.31 3,100 2,100 . 14,216 Geceptas otherwise indicated assume that al balance sheet torms reflect account balances at December 2013, and that come statemente reflect acties that occurred during the year ended December 2009. There were no changes in paida capital during reyert Required: Prepare an income statement and statement of charges in stockholders/cuity for the year ended December 31, 2019 anda balance sheet at December 1, 2016. for Breannaic Bewed on the financial statements you have prepared for answer the questions in parts be Wat is company's average income taxe? What interest rates charged on long term debe sure that the yer and balance of interest is representative of the average long-term dutccountance throughout the year d. What is the value per here of common e. What is the companys dvidend polye. what proportion of the company's earnings is used for videret Complete the question by entering your newers in the the below RA RAS Prowa bence sheet December 31, 2013, for increderea camente A
