Use the balance sheet and income statement below: VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of...

Transcribed Image Text:

Use the balance sheet and income statement below: VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in thousands of dollars) Assets 2021 2020 Liabilities and Equity 2021 2020 Current assets: Current liabilities: Cash and marketable securities Accounts receivable $ 71 $ 70 Accrued wages and taxes $ 48 $ 40 195 180 Accounts payable 150 140 Inventory 320 290 Notes payable 130 130 Total $ 586 $ 540 Total $ 328 $ 310 Fixed assets: Long-term debt $ 576 $ 554 Gross plant and equipment $1,070 $ 880 Stockholders' equity: Less: Accumulated depreciation 144 112 Net plant and equipment Other long-term assets $ 926 132 $ 768 132 Total Total assets $1,058 $1,644 $ 900 Total $1,440 Preferred stock (6 thousand shares) Common stock and paid-in surplus (100 thousand shares) Retained earnings Total liabilities and equity $ 6 $ 6 120 614 120 450 $ 740 $ 576 $1,644 $1,440 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in thousands of dollars) Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Accumulated depreciation Earnings before interest and taxes (EBIT) $ 456 32 $ 409 $ 424 Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 1 2021 $ 890 388 $ 502 $ 449 46 $ 379 47 $ 377 79 $ 338 $ 298 $ 267 $ 6 $ $ 292 $ 261 128 $ 164 $ 133 $2.92 $2.61 $1.28 $1.28 $7.34 $5.70 $8.37 $6.18 Use the balance sheet and income statement below: VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2021 and 2020 (in thousands of dollars) Assets 2021 2020 Liabilities and Equity 2021 2020 Current assets: Current liabilities: Cash and marketable securities Accounts receivable $ 71 $ 70 Accrued wages and taxes $ 48 $ 40 195 180 Accounts payable 150 140 Inventory 320 290 Notes payable 130 130 Total $ 586 $ 540 Total $ 328 $ 310 Fixed assets: Long-term debt $ 576 $ 554 Gross plant and equipment $1,070 $ 880 Stockholders' equity: Less: Accumulated depreciation 144 112 Net plant and equipment Other long-term assets $ 926 132 $ 768 132 Total Total assets $1,058 $1,644 $ 900 Total $1,440 Preferred stock (6 thousand shares) Common stock and paid-in surplus (100 thousand shares) Retained earnings Total liabilities and equity $ 6 $ 6 120 614 120 450 $ 740 $ 576 $1,644 $1,440 VALIUM'S MEDICAL SUPPLY CORPORATION Income Statement for Years Ending December 31, 2021 and 2020 (in thousands of dollars) Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Accumulated depreciation Earnings before interest and taxes (EBIT) $ 456 32 $ 409 $ 424 Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 1 2021 $ 890 388 $ 502 $ 449 46 $ 379 47 $ 377 79 $ 338 $ 298 $ 267 $ 6 $ $ 292 $ 261 128 $ 164 $ 133 $2.92 $2.61 $1.28 $1.28 $7.34 $5.70 $8.37 $6.18