Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Use your keyboard (Don't use handwriting) Thank you.. ***Just choose the correct answer without explain 67- What is the cash coverage ratio for 2015?

Please Use your keyboard (Don't use handwriting) Thank you..

***Just choose the correct answer without explain

67- What is the cash coverage ratio for 2015?

image text in transcribed

A. 11.06

B. 6.02

C. 13.79

D. 14.89

E. 8.78

68- What are the values of the three components of the DuPont identity for 2015?

image text in transcribed

A. 7.91%; 1.0248; 1.4806

B. 8.57%; 1.0248; .6754

C. 7.91%; .9758; 1.4806

D. 11.43%; .9758; .6754

E. 11.43%; 1.0248; 1.4806

69- Deep Falls Timber stock sold for $6.50 a share as of 2015. What was the price-earnings ratio at that time?

image text in transcribed

A. 17.12

B. 29.94

C. 12.82

D. 28.15

E. 19.64

70- Deep Falls Timber stock sold for $6.50 a share as of 2015. What was the price-earnings ratio at that time?

image text in transcribed

A. 17.12

B. 29.94

C. 12.82

D. 28.15

E. 19.64

Deep Falls Timber 2015 Income Statement $642.100 Net sales Cost of goods sold Depreciation EBIT Interest Taxable income Taxes Net income Dividends 409,800 138,400 $ 93,900 15,600 $ 78,300 27,500 $ 50,800 $12,700 Deep Falls Timber Balance Sheets as of December 31, 2014 and 2015 2014 Cash Accounts receivable 2015 $ 32,300 50,700 70,500 $ 46,900 58,300 75,800 2015 $ 58,900 20,000 134,700 2014 | $ 61,200 30,000 164,500 Inventory ory Accounts payable Notes payable Long-term debt Common stock and paid-in surplus ($1 par value) Retained earings Total liabilities & owners' equity Net fixed assets 504,500 461,000 wue) 220,000 224,400 200,000 186,300 Total assets $658,000 $642,000 $658,000 $642,000 Deep Falls Timber 2015 Income Statement $642.100 Net sales Cost of goods sold Depreciation EBIT Interest Taxable income Taxes Net income Dividends 409,800 138,400 $ 93,900 15,600 $ 78,300 27,500 $ 50,800 $12,700 Deep Falls Timber Balance Sheets as of December 31, 2014 and 2015 2014 Cash Accounts receivable 2015 $ 32,300 50,700 70,500 $ 46,900 58,300 75,800 2015 $ 58,900 20,000 134,700 2014 | $ 61,200 30,000 164,500 Inventory ory Accounts payable Notes payable Long-term debt Common stock and paid-in surplus ($1 par value) Retained earings Total liabilities & owners' equity Net fixed assets 504,500 461,000 wue) 220,000 224,400 200,000 186,300 Total assets $658,000 $642,000 $658,000 $642,000 Deep Falls Timber 2015 Income Statement $642.100 Net sales Cost of goods sold Depreciation EBIT Interest Taxable income Taxes Net income Dividends 409,800 138,400 $ 93,900 15,600 $ 78,300 27,500 $ 50,800 $12,700 Deep Falls Timber Balance Sheets as of December 31, 2014 and 2015 2014 Cash Accounts receivable 2015 $ 32,300 50,700 70,500 $ 46,900 58,300 75,800 2015 $ 58,900 20,000 134,700 2014 | $ 61,200 30,000 164,500 Inventory ory Accounts payable Notes payable Long-term debt Common stock and paid-in surplus ($1 par value) Retained earings Total liabilities & owners' equity Net fixed assets 504,500 461,000 wue) 220,000 224,400 200,000 186,300 Total assets $658,000 $642,000 $658,000 $642,000 Deep Falls Timber 2015 Income Statement $642.100 Net sales Cost of goods sold Depreciation EBIT Interest Taxable income Taxes Net income Dividends 409,800 138,400 $ 93,900 15,600 $ 78,300 27,500 $ 50,800 $12,700 Deep Falls Timber Balance Sheets as of December 31, 2014 and 2015 2014 Cash Accounts receivable 2015 $ 32,300 50,700 70,500 $ 46,900 58,300 75,800 2015 $ 58,900 20,000 134,700 2014 | $ 61,200 30,000 164,500 Inventory ory Accounts payable Notes payable Long-term debt Common stock and paid-in surplus ($1 par value) Retained earings Total liabilities & owners' equity Net fixed assets 504,500 461,000 wue) 220,000 224,400 200,000 186,300 Total assets $658,000 $642,000 $658,000 $642,000

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

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

Financial Management In The Sport Industry

Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy

3rd Edition

0367321211, 978-0367321215

More Books

Students also viewed these Finance questions

Question

How does or how might the key public affect your organization?

Answered: 1 week ago