Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help! Thank you! 1. Wims, Inc., has current assets of $7,114, net fixed assets of $28,533, current liabilities of $3,312, and long-term debt of

Please help!

Thank you!

1. Wims, Inc., has current assets of $7,114, net fixed assets of $28,533, current liabilities of $3,312, and long-term debt of $11,000. What is the value of the shareholders equity account for this firm? (Do not round intermediate calculations.)

2. Logano Driving Schools 2017 balance sheet showed net fixed assets of $5.1 million, and the 2018 balance sheet showed net fixed assets of $6 million. The companys 2018 income statement showed a depreciation expense of $245,000.

What was net capital spending for 2018? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)

3. Makers Corp. had additions to retained earnings for the year just ended of $301,000. The firm paid out $179,000 in cash dividends, and it has ending total equity of $4.84 million. The company currently has 150,000 shares of common stock outstanding.

a. What are earnings per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b. What are dividends per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

c. What is the book value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

d. If the stock currently sells for $72 per share, what is the market-to-book ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

e. What is the price-earnings ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

f. If the company had sales of $4.98 million, what is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

a. Earnings per share:-----------

b. Dividends per share: ------------

c. Book value per share: ------------

d. Market-to-book ratio:--------- times

e Price-earnings ratio:---------- times

f. Price-sales ratio: ----------- times

4. Griffin's Goat Farm, Inc., has sales of $686,000, costs of $332,000, depreciation expense of $65,000, interest expense of $48,500, and a tax rate of 24 percent. What is the net income for this firm? (Do not round intermediate calculations.)

5. The 2017 balance sheet of Dream, Inc., showed current assets of $3,155 and current liabilities of $1,244. The 2018 balance sheet showed current assets of $3,046 and current liabilities of $1,398.

What was the companys 2018 change in net working capital, or NWC? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.)

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

Brilliant Book Keeping How To Keep Your Business Efficient And Cost Effective

Authors: Martin Quinn

1st Edition

0273731785,0273746707

More Books

Students also viewed these Finance questions