Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

You have the following financial information about Berkeley Automobile Compa information to answer the following questions 2019 Berkeley Automobile Company Inc. (000's) 2018 Sales $

image text in transcribed
image text in transcribed
You have the following financial information about Berkeley Automobile Compa information to answer the following questions 2019 Berkeley Automobile Company Inc. (000's) 2018 Sales $ 9,500 $ 14,000 Net Fixed Assets $ 10,800 $ 9,650 Inventory $ 3,100 $ 4,513 Cost of Goods Sold $ 6,900 $ 9,242 Interest $ 300 $ 390 Cash $ 575 $ 550 Common Stock (APIC) $ 2,500 $ 2,500 Depreciation $ 375 $ 355 Accounts Receivable $ 1,600 $ 4,891 Accounts Payable $ 2,400 $ 3,750 Long-Term Debt $ 3,500 $ 4,145 Tax Rate 34% 34% Dividends $ 824 $ 1,115 Common Shares Outstanding 200 200 Book Value Per Share $ 50.88 $ 58.54 Price / Earnings Multiple (PE) 10 All balance sheet items are as of 12/31 of that year All income statement items are for the entire year indicated Please comnlete the asset nortion of the balance sheet for Berke 6. What is Berkeley Automobile's dividend payout ratio for 2018 and 2019? What is its "plowback ratio to retained earnings? Please show work (5 Points). 2018 2019 Dividend Payout Ratio Plowback Ratio 7. What is Berkeley Automobile's Operating Cash Flow (OCF) for 2019? Please show work (5 points) 3. What is Berkeley Automobile's Net Capital Spending (NCS) in 2019? Please show work (5 points). enday not fusch arret Begina fixed Assets 19, 604 9630 29254 333 28899 Depreciation Assessment #15

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

More Books

Students explore these related Accounting questions

Question

A 300N F 30% d 2 m Answered: 1 week ago

Answered: 3 weeks ago