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Pls help me fill these in as soon as possible! it's one problem but has different requirements to complete. I appreciate it! CP11-5 Computing and
Pls help me fill these in as soon as possible! it's one problem but has different requirements to complete. I appreciate it!
CP11-5 Computing and Interpreting Return on Equity (ROE) and Price/Earnings (P/E) Ratios [LO 11-5) Buy Now and Gerald's EZ Furniture are two publicly traded rental companies. They reported the following In their financial statements (In millions of dollars, except per-share amounts and stock prices): Buy Now Net income Total stockholders' equity Earnings per share stock price when annual results reported 2016 $ 118 1,115 1.56 2015 $ 170 1,162 2.25 Gerald's EZ Furniture 2016 2015 $ 125 $ 179 1,316 1,300 2.31 3.05 26.82 29.37 29.72 35.13 Required: 1-a. Compute the 2016 ROE for each company. Express ROE as a percentage. TIP: Remember that the bottom of the ROE ratio uses the average stockholders' equity. 1-b. Which company appears to generate greater returns on stockholders' equity In 2016? 2-a. Compute the 2016 P/E ratio for each company. 2-b. Which company do Investors appear to value more? Complete this question by entering your answers in the tabs below. Reg 14 Req 18 Req 2A Req 2B Compute the 2016 ROE for each company. Express ROE as a percentage. TIP: Remember that the bottom of the ROE ratio uses the average stockholders' equity. (Do not round your intermediate calculations. Round your answers to 1 decimal place.) Show less ROE Buy Now Gerald's EZ Furniture (Reg 1A Reg 1B > Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2A Reg 28 Which company appears to generate greater returns on stockholders' equity in 2016? Buy Now Gerald's EZ Furniture cald's Ez Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 2B Compute the 2016 P/E ratio for each company. (Round your answers to 1 decimal place.) PIE Buy Now Gerald's EZ Furniture times times Complete this question by entering your answers in the tabs below. Req1A Req 18 Reg 2A Reg 28 Which company do investors appear to value more? Buy Now Gerald's EZ Furniture Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 no-par preferred shares and 200,000 $2 par common shares. Outstanding shares Include 56,000 preferred shares and 46,000 common shares. Recently the following transactions have taken place. a. NGS Issues 1,300 preferred shares for $12 a share. b. NGS repurchases 1,300 common shares for $11 a share. c. On November 12, the board of directors declares a $0.20 cash dividend on each outstanding preferred share. d. The dividend is paid December 20. CC11-1 Part 1 Required: 1. Prepare the journal entries needed for each of the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Reg 1A Reg 18 Reg 2A Reg 28 Which company appears to generate greater returns on stockholders' equity in 2016? Buy Now Gerald's EZ Furniture cald's Ez Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2A Reg 2B Compute the 2016 P/E ratio for each company. (Round your answers to 1 decimal place.) PIE Buy Now Gerald's EZ Furniture times times Complete this question by entering your answers in the tabs below. Req1A Req 18 Reg 2A Reg 28 Which company do investors appear to value more? Buy Now Gerald's EZ Furniture Nicole has been financing Nicole's Getaway Spa (NGS) using equity financing. Currently NGS has authorized 100,000 no-par preferred shares and 200,000 $2 par common shares. Outstanding shares Include 56,000 preferred shares and 46,000 common shares. Recently the following transactions have taken place. a. NGS Issues 1,300 preferred shares for $12 a share. b. NGS repurchases 1,300 common shares for $11 a share. c. On November 12, the board of directors declares a $0.20 cash dividend on each outstanding preferred share. d. The dividend is paid December 20. CC11-1 Part 1 Required: 1. Prepare the journal entries needed for each of the transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheetStep by Step Solution
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