The annual report of Tri-State Cars, Inc., for the year ended December 31, 2018, included the...

 

  

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The annual report of Tri-State Cars, Inc., for the year ended December 31, 2018, included the following items (in millions): m (Click the icon to view the items on the annual report.) 1. Calculate earnings per share (EPS) and the price-eamings ratio for Tri - State Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $6.44. 2. How much does the stock market say $1 of Tri - State Cars' net income is worth? 1.Calculate earnings per share (EPS) and the price-earnings ratio for Tri - State Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $6.44. Select the formulas and then calculate each ratio. (Abbreviation used; PIE - Price-eamings. Round your answers to two decimal places, XXX) Ratio Formula Amount EPS P/E ratio 2. How much does the stock market say $1 of Tri- State Cars' net income is worth? (Round your answer to the nearest cent.) The stock market says that $1 of Tr-State Cars' net income is worth Data Table Preferred stock outstanding, 7% 100 Net income 400 Average number of shares of common stock outstanding 700 Print Done your ers to two dec Formula Current assets / Current liabilities ch Dividend per share of common stock / Market price per share of common stock ent.) ma Market price per share / Earnings per share Net income / Net sales (Net income + Interest expense) /I Average assets (Net income - Preferred dividends) / Average common equity (Net income - Preferred dividends) / Average number of common shares outstanding Total assets / Total liabilities Total liabilities / Total assets (Total stockholders' equity - Preferred equity) / Average number of common shares outstanding The comparative income statement of Outdoor Music Co. for the years ended December 31, 2018 and 2017 is as follows: Click the lcon to view the comparative income statement.) Requirement 1. Prepare a comparative common-aize income statement for Outdoor Music Co. (Rourd your anawers to one-hundredth of a percent, XXX%.) Outdoor Music Co. Data Table Comparative Common-Size Income Statements Years Ended December 31, 2018 and 2017 Outdoor Musle Co. 2018 2017 Comparative income Statements Total revenue Years Ended December 31, 2018 and 2017 Expenses: 2010 2017 Cost of goods sold 844,000 S 834000 Total revenue Seling and general expenses Espenses: Interest expense 404,000 S 400,000 Cost of goode nold Income tax expense 234.000 265,000 Selling and general expenses Total expenses 9.300 42.000 Interest expense 4,000 86.000 Net income Income tax expense 731.300 763.000 Total expensee f12,700 S 171.000 Net income Pret Done The compartive income statements of ONeil Music Co. follow (Cick the icon to view the companative income statements) Requirement Prepare a horizontal analysis of the comparative income statements of ONel Music Co. Hound percentage changen t the nearest one tenth percent. (Use a minus ign or parenthees for decreaes Rund percentage hang lo he nearest one-enih pecent, KX) O'Nell Music Co. Dita Table Horizontal Analysin of Comparative ncome Statementa Years Ended December 31, 2018 and 2017 Inerease (Decrease) O'Nell Musi Co 2010 2017 Amount Percentage Comparative Income Statements M4,000 S 934,000 Years Ended December 31, 201 and 2017 Total revenue Expenses: 2018 2017 Cost of goode sold 400.000 Total revenue 44000 934000 Selling and general expenses 234.000 263.000 Expenses nterest xpense 12.000 Cest ef geods eld 4.000 400,000 .000 0.000 Belling and general espenses 234,000 23000 Income tax xpense 751.300 701.000 terest pense 300 12.00 Total expenses 000 t12.700 173.000 inceme le pense Net income 701.000 Tatal epenses 112.700 173.000 Net income Print Oone The following information is for Boondocks Lodge HR (Click the loon to view the date.) Requirement 1. What were the dollar amounts of change and the percentege of each change in Boondocks Lodge's net working captal during 2018 and 20172 is this trend favorable or untavorable? (Use parentheses or a minus sign for e decrease in working capital. Round the peroentages to the nearest one tenth percent, XXN) 2018 S 305.000 2017 2016 Data Table Total current assets S180.000 200.000 Total current labilities 5,000 120.000 100.000 Working capital 2018 2017 2016 Dollar change in working captal Total curret assets 5 306,000 $ 180,000 S 200,000 Percentage change in working capital Total curent liabilitina 365.000 120.000 100,000 The Mrend af working cpital is Print Done he following information is for Boondocks Lodge. H (Click the icon to view the data.) Requirement 1. What were the dollar amounts of change and the percentage of each change in Boonde Use parentheses or a minus sign for a decrease in working capital. Round the percentages 2018 2017 201 Total current assets $4 395,000 $ 180,000 $4 20 Total current liabilities 365,000 120,000 10 Norking capital Dollar change in working capital Percentage change in working capital The trend of working capital is increasing decreasing The annual report of Tri-State Cars, Inc., for the year ended December 31, 2018, included the following items (in millions): m (Click the icon to view the items on the annual report.) 1. Calculate earnings per share (EPS) and the price-eamings ratio for Tri - State Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $6.44. 2. How much does the stock market say $1 of Tri - State Cars' net income is worth? 1.Calculate earnings per share (EPS) and the price-earnings ratio for Tri - State Cars' stock. Round to the nearest cent. The price of a share of the company's stock is $6.44. Select the formulas and then calculate each ratio. (Abbreviation used; PIE - Price-eamings. Round your answers to two decimal places, XXX) Ratio Formula Amount EPS P/E ratio 2. How much does the stock market say $1 of Tri- State Cars' net income is worth? (Round your answer to the nearest cent.) The stock market says that $1 of Tr-State Cars' net income is worth Data Table Preferred stock outstanding, 7% 100 Net income 400 Average number of shares of common stock outstanding 700 Print Done your ers to two dec Formula Current assets / Current liabilities ch Dividend per share of common stock / Market price per share of common stock ent.) ma Market price per share / Earnings per share Net income / Net sales (Net income + Interest expense) /I Average assets (Net income - Preferred dividends) / Average common equity (Net income - Preferred dividends) / Average number of common shares outstanding Total assets / Total liabilities Total liabilities / Total assets (Total stockholders' equity - Preferred equity) / Average number of common shares outstanding The comparative income statement of Outdoor Music Co. for the years ended December 31, 2018 and 2017 is as follows: Click the lcon to view the comparative income statement.) Requirement 1. Prepare a comparative common-aize income statement for Outdoor Music Co. (Rourd your anawers to one-hundredth of a percent, XXX%.) Outdoor Music Co. Data Table Comparative Common-Size Income Statements Years Ended December 31, 2018 and 2017 Outdoor Musle Co. 2018 2017 Comparative income Statements Total revenue Years Ended December 31, 2018 and 2017 Expenses: 2010 2017 Cost of goods sold 844,000 S 834000 Total revenue Seling and general expenses Espenses: Interest expense 404,000 S 400,000 Cost of goode nold Income tax expense 234.000 265,000 Selling and general expenses Total expenses 9.300 42.000 Interest expense 4,000 86.000 Net income Income tax expense 731.300 763.000 Total expensee f12,700 S 171.000 Net income Pret Done The compartive income statements of ONeil Music Co. follow (Cick the icon to view the companative income statements) Requirement Prepare a horizontal analysis of the comparative income statements of ONel Music Co. Hound percentage changen t the nearest one tenth percent. (Use a minus ign or parenthees for decreaes Rund percentage hang lo he nearest one-enih pecent, KX) O'Nell Music Co. Dita Table Horizontal Analysin of Comparative ncome Statementa Years Ended December 31, 2018 and 2017 Inerease (Decrease) O'Nell Musi Co 2010 2017 Amount Percentage Comparative Income Statements M4,000 S 934,000 Years Ended December 31, 201 and 2017 Total revenue Expenses: 2018 2017 Cost of goode sold 400.000 Total revenue 44000 934000 Selling and general expenses 234.000 263.000 Expenses nterest xpense 12.000 Cest ef geods eld 4.000 400,000 .000 0.000 Belling and general espenses 234,000 23000 Income tax xpense 751.300 701.000 terest pense 300 12.00 Total expenses 000 t12.700 173.000 inceme le pense Net income 701.000 Tatal epenses 112.700 173.000 Net income Print Oone The following information is for Boondocks Lodge HR (Click the loon to view the date.) Requirement 1. What were the dollar amounts of change and the percentege of each change in Boondocks Lodge's net working captal during 2018 and 20172 is this trend favorable or untavorable? (Use parentheses or a minus sign for e decrease in working capital. Round the peroentages to the nearest one tenth percent, XXN) 2018 S 305.000 2017 2016 Data Table Total current assets S180.000 200.000 Total current labilities 5,000 120.000 100.000 Working capital 2018 2017 2016 Dollar change in working captal Total curret assets 5 306,000 $ 180,000 S 200,000 Percentage change in working capital Total curent liabilitina 365.000 120.000 100,000 The Mrend af working cpital is Print Done he following information is for Boondocks Lodge. H (Click the icon to view the data.) Requirement 1. What were the dollar amounts of change and the percentage of each change in Boonde Use parentheses or a minus sign for a decrease in working capital. Round the percentages 2018 2017 201 Total current assets $4 395,000 $ 180,000 $4 20 Total current liabilities 365,000 120,000 10 Norking capital Dollar change in working capital Percentage change in working capital The trend of working capital is increasing decreasing

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