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Need you help on an assignment. Please see attached document for the problem to be solved 1. The following information is provided for Pharoah Company
Need you help on an assignment. Please see attached document for the problem to be solved
1. The following information is provided for Pharoah Company and Whispering Winds Corp.: (in $ millions) Pharoah Company Whispering Winds Corp. Net income 2017 $170 $445 Net sales 2017 1715 4560 Total assets 12/31/15 1020 2080 Total assets 12/31/16 1255 3110 Total assets 12/31/17 1185 4060 What is Whispering Winds's return on assets (rounded) for 2017? 11.0% 14.3% 13.4% 12.4% 2. A characteristic of a plant asset is that it is intangible. not currently used in the business but held for future use. used in the operations of a business. held for sale in the ordinary course of the business. 3. The following information pertains to Concord Company. Assume that all balance sheet amounts represent average balance figures. Total assets $315000 Stockholders' equity-common 195000 Total stockholders' equity 299000 Sales revenue 117000 Net income 20300 Number of shares of common stock 6500 Common dividends 4400 Preferred dividends 6800 What is Concord's payout ratio? 15%. 21.67%. 35%. 7%. 4. Novak Corp. had net income of $77470 and paid dividends of $27500 to common stockholders and $21500 to preferred stockholders in 2017. Novak Corp. common stockholders' equity at the beginning and end of 2017s was $425000 and $540000, respectively. Novak Corp. return on common stockholders' equity is 12%. 11%. 7%. 16% 5. The 2017 financial statements of Sheridan Company contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities Cash Interest expense Income taxes Net income The debt to assets ratio (rounded) is $81 137 42 65 9 5 12 19 4.4 times. 47.4%. 51.9%. 2.11%Step by Step Solution
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