Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets Fixed assets Net plant and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets Fixed assets Net plant and equipment $ 325,695 $24,056 $24,200 12,548 25,592 $ 62,196 $66,700 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 $ 387,891 15,300 27,200 365,300 432,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2020 2021 $23,284 $27,200 12,000 10,900 11,671 15,900 $ 46,955 $ 54,000 $90,000 $93,294 $42,000 $ 42,000 208,936 242,706 250,936 284,706 $ 387,891 432,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid. Taxable income Taxes (21%) Net income Dividends Retained earnings $ 21,000 33,770 $ 336,329 231,000 21,600 $ 83,729 14,400 $ 69,329 14,559 $ 54,770 Construct the DuPont identity for Smolira Golf Corporation. The company's profit margin is The total asset turnover is The equity multiplier is Using the DuPont identity, the company's ROE is percent. times. times. percent. (Use year-end figures rather than average values where approp answer as a percent rounded to 2 decimal places, e.g.. 32.16.), (Round your answer to 2 decimal places, e.g., 32.16.) (Round your answer to 2 decimal places, .g.. 32.16.) (Do not round intermediate calculations and enter your answe rounded to 2 decimal places, e.g.. 32.16.) Assets Current assets Cash Accounts receivable Inventory Total 2020 Total assets Fixed assets Net plant and equipment $ 325,695 $24,056 $24,200 12,548 25,592 $ 62,196 $66,700 SMOLIRA GOLF CORPORATION 2020 and 2021 Balance Sheets 2021 $ 387,891 15,300 27,200 365,300 432,000 Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Other Total Long-term debt Owners' equity Common stock and paid-in surplus Accumulated retained earnings Total Total liabilities and owners' equity 2020 2021 $23,284 $27,200 12,000 10,900 11,671 15,900 $ 46,955 $ 54,000 $90,000 $93,294 $42,000 $ 42,000 208,936 242,706 250,936 284,706 $ 387,891 432,000 SMOLIRA GOLF CORPORATION 2021 Income Statement Sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid. Taxable income Taxes (21%) Net income Dividends Retained earnings $ 21,000 33,770 $ 336,329 231,000 21,600 $ 83,729 14,400 $ 69,329 14,559 $ 54,770 Construct the DuPont identity for Smolira Golf Corporation. The company's profit margin is The total asset turnover is The equity multiplier is Using the DuPont identity, the company's ROE is percent. times. times. percent. (Use year-end figures rather than average values where approp answer as a percent rounded to 2 decimal places, e.g.. 32.16.), (Round your answer to 2 decimal places, e.g., 32.16.) (Round your answer to 2 decimal places, .g.. 32.16.) (Do not round intermediate calculations and enter your answe rounded to 2 decimal places, e.g.. 32.16.)
Expert Answer:
Answer rating: 100% (QA)
Step 1 Ratio Analysis Ratio analysis is the relationship between two or ... View the full answer
Related Book For
Corporate Finance
ISBN: 978-0077861759
10th edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
Posted Date:
Students also viewed these accounting questions
-
Consider the three alternatives: Each alternative has a l0-year useful life and no salvage value . Based on a MARR of 15%, which alternative should be selected? Where appropriate, use an external...
-
What are the powers of the Governor to revoke the Right of Occupancy?
-
The following income statement and balance sheets for Virtual Gaming Systems are provided. Required: Assuming that all sales were on account, calculate the following risk ratios for 2015. 1....
-
Start with the partial model in the file Ch19 P08 Build a Model.xls on the textbooks Web site. Maggies Magazines (MM) has straight nonconvertible bond that currently yield 9%. MMs stock sells for $22...
-
Contribution margin , decision making Schmidt Men?s Clothing?s revenues and cost data for 2009 are: Contribution margin, decision making Schmidt Men?s Clothing?s re" alt = " Contribution margin ,...
-
Discuss how each step in the sales process relates to the AIDA (attention, interest, desire, action) ?
-
The vapour-liquid equilibrium of a binary system can be better represented by (a) Temperature-composition \((T-X-Y)\) diagram (b) Pressure-composition \((P-X-Y)\) diagram (c) Pressure-temperature...
-
Current Liability Entries and Adjustments Described below are certain transactions of Edward son Corporation. The company uses the periodic inventory system. 1. On February 2, the corporation...
-
Income Statement, Statement of Owner's Equity, and Balance Sheet 1. Prepare a multiple-step income statement. 2. Prepare a statement of owner's equity 3. Prepare a balance sheet. Paulson's Pet Store...
-
The following table gives data on new passenger cars sold in the United States as a function of several variables. a. Develop a suitable linear or loglinear model to estimate a demand function for...
-
Using the P/E ratio approach to valuation, calculate the value of a share of stock under the following conditions: - the investors required rate of return 13% -the expected level of earning at the...
-
What is the commercial service in the assets and liabilities portion specifically? Why are they commercial service? LIABILITIES Deposits of non-bank customers Deposits and balances of banks Due to...
-
Consider the following case which illustrates a typical chain of equity investments in the startup and early growth of a venture that qualifies for venture capital: Upon incorporation, the Board...
-
Pretend you are a long-short hedge fund manager. This time create a 10 stock portfolio with potential high alpha plays (both positive and negative alpha stocks). You may reuse several of the stocks...
-
1. Given the following NFA over the alphabet = {a,b}, a) Convert it into its equivalent DFA. b) Give an informal description in English of what language these finite automata accept. a a 3 a,b 2
-
Given the circuit below xo 20- OF a) What is the Boolean expression for the circuit? b) What is the truth table for the circuit? c) Prove the minimum boolean expression using a Karnaugh Map.
-
Suppose a five-year coupon bond makes an annual coupon payment of $100 and a face value of $1000. The interest rate is 8%. Compute the present value of the coupon payments and the principal payment...
-
Conduct a VRIO analysis by ranking Husson University (in Maine) business school in terms of the following six dimensions relative to the top three rival schools. If you were the dean with a limited...
-
Suppose a company in which you own stock has attracted two take over offers. Would it ever make sense for your companys management to favor the lower offer? Does the form of payment affect your...
-
Wolfson Corporation has decided to purchase a new machine that costs $3.2 million. The machine will be depreciated on a straight-line basis and will be worthless after four years. The corporate tax...
-
Suppose the following bond quote for IOU Corporation appears in the financial page of today's newspaper. Assume the bond has a face value of $1,000 and the current date is April 15, 2012. What is the...
-
For an ideal solution, isotherm on an enthalpy-concentration diagram will be (a) Parabola (b) Hyperbola (c) Sine curve (d) Straight line
-
For a reversible process, change in entropy of the system (a) Approaches to zero (b) Increases (c) Decreases (d) Remains constant
-
For a multi-component system, the chemical potential is equivalent to (a) Molar free energy (b) Molar concentration difference (c) Molar free energy change (d) Partial molar free energy
Study smarter with the SolutionInn App