Exam 9: Analyzing Financial Statements

The latest balance sheet for Hoxbridge Corp shows: (a)Calculate the current ratio for Hoxbridge.(b)Calculate the amount of Hoxbridge's working capital.

Wild Rose Corp paid $.65 in common annual dividends per share.Its earnings per share was $4.50.The market price per share was $38.00.Its dividend yield was

In October,Target-Mart had $975,000 in net credit sales and $275,000 in accounts receivable.Calculate the days' sales uncollected for October.

For trend analysis,the percent change is completed by subtracting the analysis period amount from the base period amount,dividing the result by the base period amount and multiplying that result by 100.

The acid-test ratio

The following financial data relates to Bonbela Corp,which has pledged all of its property,plant and equipment as security for its long-term notes payable: Bonbela Corp Income Statement Information For the year ended December 31, 2020 Sales (all on credit) \ 550,000 Cost of goods sold 234,500 Operating income 98,200 Interest expense 13,400 Income before taxes 88,900 Income tax expense 24,200 Net income 56,500

The comparative financial statements for Buildmarc Corp are presented below: Calculate pledged assets to secured liabilities for Year 2.

Given the following information from the current financial statements of Caresful Corp,calculate the ratios listed below the financial statements. (A)Current ratio.(B)Accounts receivable turnover.Assume the beginning of year accounts receivable balance was $59,500.(C)Days' sales uncollected.(D)Merchandise turnover.Assume the beginning of year merchandise inventory was $50,200.(E)Times interest earned.(F)Return on common shareholders' equity.Assume the beginning of year common shares balance was $180,000 and retained earnings was $128,000.(G)Earnings per share (assume Caresful Corp's average common shares outstanding is 50,000).(H)Price-earnings ratio.Assume the company's shares are selling for $26 per share.

Markham Corporation had profit of $1,330,000,net sales of $22,000,000 and average total assets of $5,783,000.Its return on total assets was

The South Alberta Corp had income tax expense of $40,000 and profit after taxes of $220,000 for the current year.Preferred dividends were $120,000 for the year.Its average common equity was $560,000 and ending equity was $1,150,000.What is South Alberta Corp's return on common equity?

Describe ratio analysis.

Analytical tools comparing a company's financial condition and performance across time are

Evaluation of company performance includes

The comparative balance sheet for Caxdon Corp is shown below.Express the balance sheet in common-size percentages.(Round all percentages to two decimals)

Francesco earned $3,000 profit for October.Its net revenues were $10,000.Its profit margin is

Guidelines or rules of thumb should be always be applied in financial analysis.

Vertical analysis includes tools used to compare a company's financial condition and performance across time.

Vente had gross sales of $2,860 million and net sales of $2,730 million.Its average total assets for the period were $2,350 million.Vente's total asset turnover was

The days' sales uncollected ratio is calculated by dividing accounts receivable by net sales and multiplying the answer by 365.

Select comparative financial data information for Stepwey Corp is presented below: (a)Calculate return on total assets for Year 2.(b)Calculate return on common shareholders' equity for Year 2.