Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The December 31, 2021, balance sheet of Chen, Incorporated, showed $147,000 in the common stock account and $2,720,000 in the additional paid-in surplus account. The

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed The December 31, 2021, balance sheet of Chen, Incorporated, showed $147,000 in the common stock account and $2,720,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed $157,000 and $3,020,000 in the same two accounts, respectively. The company paid out $152,000 in cash dividends during 2022 . What was the cash flow to stockholders for the year? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Nataro, Incorporated, has sales of $678,000, costs of $339,000, depreciation expense of $84,000, interest expense of $49,000, and a tax rate of 21 percent. The firm paid out $79,000 in cash dividends. What is the addition to retained earnings? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Bing, Incorporated, has current assets of $2,260, net fixed assets of $10,200, current liabilities of $1,395, and long-term debt of $4,070. a. What is the value of the shareholders' equity account for this firm? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. How much is net working capital? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32 . The most recent financial statements for Mandy Company are shown below: Assets and costs are proportional to sales. Debt and equity are not. The company maintains a constant 30 percent dividend payout ratio. No external equity financing is possible. What is the ROE? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. What is the sustainable growth rate? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Duela Dent is single and had $192,000 in taxable income. Using the rates from Table 2.3 , calculate her income taxes. What is the average tax rate? What is the marginal tax rate? Note: Do not round intermediate calculations and round your income tax answer to 2 decimal places, e.g., 32.16. Enter the average and marginal tax rate answers as a percent, rounded 2 decimal places, e.g., 32.16. Some recent financial statements for Smolira Golf, Incorporated, follow. Smolira Golf has 12,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2022 was $75. a. What is the price-earnings ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What is the price-sales ratio? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. c. What are the dividends per share? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. d. What is the market-to-book ratio at the end of 2022 ? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,375,000,$135,000 in the common stock account, and $2,600,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed long-term debt of $1,530,000,$145,000 in the common stock account and $2,900,000 in the additional paid-in surplus account. The 2022 income statement showed an interest expense of $91,500 and the company paid out $140,000 in cash dividends during 2022 . The firm's net capital spending for 2022 was $910,000, and the firm reduced its net working capital investment by $120,000. What was the firm's 2022 operating cash flow, or OCF? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Some recent financial statements for Smolira Golf, Incorporated, follow. Construct the DuPont identity for Smolira Golf. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profit margin and return on equity as a percent. Some recent financial statements for Smolira Golf, Incorporated, follow. Find the following financial ratios for Smolira Golf (use year-end figures rather than average values where appropriate): Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Enter the profitability ratios as a percent. The December 31, 2021, balance sheet of Justin's Golf Shop, Incorporated, showed current assets of \$1,165 and current liabilities of $945. The December 31,2022 , balance sheet showed current assets of $1,380 and current liabilities of $1,055. What was the company's 2022 change in net working capital, or NWC? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Graff, Incorporated, has sales of $41,330, costs of $13,470, depreciation expense of $2,870, and interest expense of $2,090. The tax rate is 23 percent. What is the operating cash flow, or OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. The December 31, 2021, balance sheet of Chen, Incorporated, showed long-term debt of $1,450,000 and the December 31, 2022 , balance sheet showed long-term debt of $1,680,000. The 2022 income statement showed an interest expense of $99,000. What was the firm's cash flow to creditors during 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Rottweiler Obedience School's December 31, 2021, balance sheet showed net fixed assets of $1,765,000, and the December 31, 2022 , balance sheet showed net fixed assets of $2,120,000. The company's 2022 income statement showed a depreciation expense of $329,000. What was the company's net capital spending for 2022 ? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Klingon Widgets, Incorporated, purchased new cloaking machinery three years ago for $5.5 million. The machinery can be sold to the Romulans today for $7.7 million. Klingon's current balance sheet shows net fixed assets of $4.3 million, current liabilities of $860,000, and net working capital of $145,000. If all the current accounts were liquidated today, the company would receive $975,000 cash. a. What is the book value of Klingon's total assets today? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567. b. What is the sum of the market value of NWC and the market value of fixed assets? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567

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

Behavioral Finance And Asset Prices

Authors: David Bourghelle, Pascal Grandin, Fredj Jawadi, Philippe Rozin

1st Edition

3031244850, 978-3031244858

More Books

Students also viewed these Finance questions

Question

55. Show that g(t) tet cannot be a moment generating function.

Answered: 1 week ago