Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Presented below are summarized data from the balance sheets and income statements Allyn, Inc. Current assets Other assets. Allyn, INC. Condensed Balance Sheets December 31,
Presented below are summarized data from the balance sheets and income statements Allyn, Inc. Current assets Other assets. Allyn, INC. Condensed Balance Sheets December 31, 2014, 2013, and 2012 $2,811 1,619 $2,455 2014 $ 777 2013 2012 $ 791 $ 836 2,313 2.020 $3,090 $ 662 $ 703 $ 610 1,421 1.082 928 Stockholders' equity. 1,007 1,026 917 $3,090 $2,811 $2,455 Current liabilities. Other liabilities.. Allyn, INC. Selected Income Statement Data and Other Data For the Years Ended December 31, 2014 and 2013 (in millions) Income statement data: 2014 2013 Sales....... $3,050 $2,913 Operating income 296 310 Interest expense. 84 65 Net income. 192 187 Other data: Average number of common shares outstanding..... 41.3 46.7 Total dividends paid $ 50.0 $ 52.3 a. Calculate return on investment, based on net income and average total assets, for 2014 and 2013. Show both margin and turnover in your calculation. b. Calculate return on equity for 2014 and 2013. c. Calculate working capital and the current ratio for each of the past three years. d. Calculate earnings per share for 2014 and 2013. e. If Wiper's stock had a price/earnings ratio of 13 at the end of 2014, what was the market price of the stock? f. Calculate the cash dividend per share for 2014 and the dividend yield based on the market price calculated in parte
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started