Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using financial statements for 2018-2019 calculate the following: a. net working capital for 2019 b. amount of shares of preferred stock for 2019 c. assuming

image text in transcribedUsing financial statements for 2018-2019 calculate the following:

a. net working capital for 2019

b. amount of shares of preferred stock for 2019

c. assuming the amounc of bonds total 2000, calculate the net asset value per bond for 2019

d. calculate the net book value for 2019

e. calculate the net assets available to meet preferred claims for 2019

f. calculate the net asset value per share of preferred stock for 2019

g. calculate the amount of shares of common stock for 2019

h. calculate the net book value per share of common stock for 2019

i. calculate the amount of cash and marketable securities at the beginning of the year

j. calculate the amount of cash and marketable securities at the end of the year

k. calculate the net earnings per share of common stock for 2019

l. calculate the net earnings per share of common stock for 2018

m. calculate the Net working capital for 2018

n. calculate the The amount of shares of preferred stock for 2018

o. Assuming the amount of bonds total 1,000, calculate the net asset value per bond for 2018

p. calculate the Net book value for 2018

q. calculate the Net assets available to meet preferred claims for 2018

r. calculate the Net asset value per share of preferred stock for 2018

s. calculate the The amount of shares of common stock for 2018

t. calculate the Net book value per share of common stock for 2018

Balance Sheet Assets Cash Marketable Securities Accounts Receivable Inventories Total Current Assets Property, Plant, & Equipment Other Fixed Assets Total Fixed Assets Total Assets Liabilities & Equity Accounts Payable Notes Payable Accrued Expenses Payable Accrued Taxes Payable Total Current Liabilities Long-Term Debt Total Liabilities Stockholder's Equity: Preferred Stock ($100 par, 6%) Common Stock ($5 par value) Paid-In Capital in Excess of Par Retained Earnings Total Stockholder's Equity Total Liabilities & Equity $ $ $ $ $ $ $ $ $ $ $ 2019 2018 4,900,000 5,100,000 $ 102,000 98,000 1,568,000 1,632,000 2,856,000 9,690,000 $ 2,744,000 9,310,000 3,136,000 3,264,000 2,703,000 2,597,000 5,733,000 5,967,000 $ 15,657,000 $ 15,043,000 1,878,840 $ 1,805,160 1,722,270 1,654,730 1,409,130 1,353,870 1,252,560 1,203,440 6,262,800 $ 6,017,200 782,850 $ 752,150 7,045,650 $ 6,769,350 1,095,990 $ 1,053,010 2,035,410 1,955,590 4,227,390 4,061,610 1,252,560 1,203,440 8,611,350 $ 8,273,650 15,657,000 $ 15,043,000 Income Statement Sales Operating Expenses: Cost of Goods Sold Depreciation Selling & Admn. Expenses Total Operating Expenses Operating Income Other Income Total Income Interest Expense Earnings Before Tax Provision for Income Tax Net Income 2019 2018 47,000,000 $ 51,000,000 $ 4,700,000 5,100,000 2,550,000 2,350,000 6,120,000 5,640,000 $ 13,770,000 $ 12,690,000 37,230,000 34,310,000 102,000 94,000 $ 37,332,000 $ 34,404,000 1,530,000 1,410,000 35,802,000 32,994,000 8,160,000 7,520,000 $ 27,642,000 $ 25,474,000 Balance Sheet Assets Cash Marketable Securities Accounts Receivable Inventories Total Current Assets Property, Plant, & Equipment Other Fixed Assets Total Fixed Assets Total Assets Liabilities & Equity Accounts Payable Notes Payable Accrued Expenses Payable Accrued Taxes Payable Total Current Liabilities Long-Term Debt Total Liabilities Stockholder's Equity: Preferred Stock ($100 par, 6%) Common Stock ($5 par value) Paid-In Capital in Excess of Par Retained Earnings Total Stockholder's Equity Total Liabilities & Equity $ $ $ $ $ $ $ $ $ $ $ 2019 2018 4,900,000 5,100,000 $ 102,000 98,000 1,568,000 1,632,000 2,856,000 9,690,000 $ 2,744,000 9,310,000 3,136,000 3,264,000 2,703,000 2,597,000 5,733,000 5,967,000 $ 15,657,000 $ 15,043,000 1,878,840 $ 1,805,160 1,722,270 1,654,730 1,409,130 1,353,870 1,252,560 1,203,440 6,262,800 $ 6,017,200 782,850 $ 752,150 7,045,650 $ 6,769,350 1,095,990 $ 1,053,010 2,035,410 1,955,590 4,227,390 4,061,610 1,252,560 1,203,440 8,611,350 $ 8,273,650 15,657,000 $ 15,043,000 Income Statement Sales Operating Expenses: Cost of Goods Sold Depreciation Selling & Admn. Expenses Total Operating Expenses Operating Income Other Income Total Income Interest Expense Earnings Before Tax Provision for Income Tax Net Income 2019 2018 47,000,000 $ 51,000,000 $ 4,700,000 5,100,000 2,550,000 2,350,000 6,120,000 5,640,000 $ 13,770,000 $ 12,690,000 37,230,000 34,310,000 102,000 94,000 $ 37,332,000 $ 34,404,000 1,530,000 1,410,000 35,802,000 32,994,000 8,160,000 7,520,000 $ 27,642,000 $ 25,474,000

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

Step: 3

blur-text-image

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

Chronic Regulatory Focus And Financial Decision Making Asset And Portfolio Allocation

Authors: Navin Kumar

1st Edition

9812876936, 978-9812876935

More Books

Students also viewed these Finance questions

Question

How to Estimate a Population Mean or Proportion

Answered: 1 week ago

Question

Discuss how selfesteem is developed.

Answered: 1 week ago