Use the balance sheet and income statement below. 2018 2017 ok Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Pixed assetsi Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets CLANCY'S DOG BISCUIT CORPORATION Balance sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 8 Accrued vages and taxes 38 30 Accounts payable 41 35 Notes payable $ 87 $ 73 Total Long-term debt $111 $ 90 Stockholders' equity 31 25 Preferred stock (2 million shares) $ 80 $ 65 Connon stock and paid-in-surplus (5 million shares) 28 28 Retained earnings $100 $ 93 Total $195 $166 Total liabilities and equity $ 13 27 25 $ 65 $ 7 25 23 $ 55 inces $ 2 11 69 $82 $195 $ 2 11 55 $166 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Net sales $ 108 $ 112 Less: Cost of goods sold 54 50 Gross profits $ 54 $ 62 Less Other operating expenses 7 Earnings before interest, taxes depreciation, and amortization (EBITDA) $ 46 $ 55 Less: Accumulated depreciation 6 6 Earnings before interest and taxes (EBIT) $ 40 $ 49 Less: Interest 6 6 Earnings before taxes (EBT) $ 34 s 43 Less! Taxes 16 19 Net income $ 18 $ 24 Less Preferred stock dividends $ 1 $ 1 1 pat Student Interns pdf Second Counted Second Count par ructure.com/courses/76730/discussion topics/408299 de Nov 1 at 10pm This is a graded discussion: 2.5 points possible Week 2 Discussion Topic: Time Value of Money Stock Market Returns What kind of returns might you expect in the stock market? One way to measure how the stock market has performed is to examine the rate of return of the S&P 500 Index. To see historical prices of the S&P 500 Index, go to Yahoo! Finance (finance.yahoo.com) and click on the "S&P" link on the top left-hand side. Then click "Historical Prices on the left menu, select "Monthly prices and click "Get Prices" button. Required Compute 1-year, 5-year and 10-year returns over time. Include your calculation results in the discussion. What do you conclude about returns during each of these periods? Retirement Income Calculators The Internet provides some excellent retirement income calculators. You can find one by Googling "retirement income calculator." Many of the calculators allow you to determine your predicted annual income from a retirement nest egg under different assumptions. Forfexample, you can spend only the investment income generated from the nest egg. Most retirees try not to touch the principal. Or you can spend both the income and the nest egg itself These calculators let you input the size of the retirement wealth and the investment return to be earned. Then they make time value computations to determine the annual income the nest egg will provide. Required Go to a retirement income calculator like the one at MSN Money. Use the calculator to create a retirement scenario. Use TVM equations or a financial calculator to check the Internet results tutto Imoney.msn.com/retirement/retirement-calculator asexe) Afterwards discuss the following 1. Your conclusion about the stock market returns during each period (use 10-year market return as proxy for annual investment return when calculating your retirement income) 2. Your retirement savings goals based on what you have learned from this exercise. Unread Second Counterpat MacBook Air 000 FS 57 Svo 3 # $ 4 % 5 & 6- / 7 8 Use the balance sheet and income statement below. 2018 2017 ok Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Pixed assetsi Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets CLANCY'S DOG BISCUIT CORPORATION Balance sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 8 Accrued vages and taxes 38 30 Accounts payable 41 35 Notes payable $ 87 $ 73 Total Long-term debt $111 $ 90 Stockholders' equity 31 25 Preferred stock (2 million shares) $ 80 $ 65 Connon stock and paid-in-surplus (5 million shares) 28 28 Retained earnings $100 $ 93 Total $195 $166 Total liabilities and equity $ 13 27 25 $ 65 $ 7 25 23 $ 55 inces $ 2 11 69 $82 $195 $ 2 11 55 $166 CLANCY'S DOG BISCUIT CORPORATION Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Net sales $ 108 $ 112 Less: Cost of goods sold 54 50 Gross profits $ 54 $ 62 Less Other operating expenses 7 Earnings before interest, taxes depreciation, and amortization (EBITDA) $ 46 $ 55 Less: Accumulated depreciation 6 6 Earnings before interest and taxes (EBIT) $ 40 $ 49 Less: Interest 6 6 Earnings before taxes (EBT) $ 34 s 43 Less! Taxes 16 19 Net income $ 18 $ 24 Less Preferred stock dividends $ 1 $ 1 1 pat Student Interns pdf Second Counted Second Count par ructure.com/courses/76730/discussion topics/408299 de Nov 1 at 10pm This is a graded discussion: 2.5 points possible Week 2 Discussion Topic: Time Value of Money Stock Market Returns What kind of returns might you expect in the stock market? One way to measure how the stock market has performed is to examine the rate of return of the S&P 500 Index. To see historical prices of the S&P 500 Index, go to Yahoo! Finance (finance.yahoo.com) and click on the "S&P" link on the top left-hand side. Then click "Historical Prices on the left menu, select "Monthly prices and click "Get Prices" button. Required Compute 1-year, 5-year and 10-year returns over time. Include your calculation results in the discussion. What do you conclude about returns during each of these periods? Retirement Income Calculators The Internet provides some excellent retirement income calculators. You can find one by Googling "retirement income calculator." Many of the calculators allow you to determine your predicted annual income from a retirement nest egg under different assumptions. Forfexample, you can spend only the investment income generated from the nest egg. Most retirees try not to touch the principal. Or you can spend both the income and the nest egg itself These calculators let you input the size of the retirement wealth and the investment return to be earned. Then they make time value computations to determine the annual income the nest egg will provide. Required Go to a retirement income calculator like the one at MSN Money. Use the calculator to create a retirement scenario. Use TVM equations or a financial calculator to check the Internet results tutto Imoney.msn.com/retirement/retirement-calculator asexe) Afterwards discuss the following 1. Your conclusion about the stock market returns during each period (use 10-year market return as proxy for annual investment return when calculating your retirement income) 2. Your retirement savings goals based on what you have learned from this exercise. Unread Second Counterpat MacBook Air 000 FS 57 Svo 3 # $ 4 % 5 & 6- / 7 8