Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
15th Edition
ISBN: 9780134476315
Author: Chad J. Zutter, Scott B. Smart
Publisher: PEARSON
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Chapter 3, Problem 3.3WUE
Summary Introduction
To determine:
Retained earnings statement.
Introduction:
Retained earnings statement is a financial statement that depicts the amount of net income retained (including the retained earnings that are not paid as dividends to the shareholders) by a firm for reinvestment and debt payment obligations at a particular point of time.
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I attached in this A company table in which you can see last 5 years Financial Progress Of company
Assume
the unlevered beta of the company is 1.5 for all 5 years
Tax Rate 35%
Assume Total Liabilities shown on balance sheet as Total Debt
Requirements:
Calculate the Levered Beta of assigned company for last 5 years.
Comment in the industry outlook the company is operating.
2021
2020
2019
2018
2017
Property , Plant and Equipment
$ 19,179,617
$ 20,638,354
$ 19,862,302
$ 18,262,610
$ 13,639,451
Right Of use Assets
$ 19,318
$ 49,377
----
----
----
Intangible Assets
$ 885
$ 1,197
$ 2,736
$ 2,565
$ 3,903
Other non Current Assets
$ 100
$ 100
$ 100
$ 100
$ 100
Current Assets
$ 22,519,623
$ 22,172,184
$ 19,896,904
$ 17,327,314
$…
Statement of retained earnings Hayes Enterprises began 2019 with a retained earnings balance of $932,000. During 2019, the firm earned $377,000 after taxes. From this amount, preferred stockholders were paid $47,200 in dividends. At
year-end 2019, the firm's retained earnings totaled $1,053,000. The firm had 143,000 shares of common stock outstanding during 2019.
a. Prepare a statement of retained earnings for the year ended December 31, 2019, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2019.)
b. Calculate the firm's 2019 earnings per share (EPS).
c. How large a per-share cash dividend did the firm pay on common stock during 2019?
.....
a. Prepare a statement of retained earnings for the year ended December 31, 2019, for Hayes Enterprises. (Note: Be sure to calculate and include the amount of cash dividends paid in 2019.)
The cash dividends paid on common stock are $
. (Round to the nearest dollar.)
I attached in this A company table in which you can see last 5 years Financial Progress Of company
Assume
the unlevered beta of the company is 1.5 for all 5 years
Tax Rate 35%
Assume Total Liabilities shown on balance sheet as Total Debt
Requirements:
Calculate the Levered Beta of assigned company for last 5 years.
Comment in the industry outlook the company is operating.
YEAR
2021
2020
2019
2018
2017
Property , Plant and Equipment
$ 19,179,617
$ 20,638,354
$ 19,862,302
$ 18,262,610
$ 13,639,451
Right Of use Assets
$ 19,318
$ 49,377
----
----
----
Intangible Assets
$ 885
$ 1,197
$ 2,736
$ 2,565
$ 3,903
Other non Current Assets
$ 100
$ 100
$ 100
$ 100
$ 100
Current Assets
$ 22,519,623
$ 22,172,184
$ 19,896,904
$ 17,327,314…
Chapter 3 Solutions
Gitman: Principl Manageri Finance_15 (15th Edition) (What's New in Finance)
Ch. 3.1 - Prob. 3.1RQCh. 3.1 - Describe the purpose of each of the four major...Ch. 3.1 - Prob. 3.3RQCh. 3.1 - Prob. 3.4RQCh. 3.2 - With regard to financial ratio analysis, how do...Ch. 3.2 - What is the difference between cross-sectional and...Ch. 3.2 - Prob. 3.7RQCh. 3.2 - Prob. 3.8RQCh. 3.3 - Under what circumstances would the current ratio...Ch. 3.3 - In Table 3.5, most of the specific firms listed...
Ch. 3.4 - To assess the firms average collection period and...Ch. 3.5 - What is financial leverage?Ch. 3.5 - What ratio measures the firms degree of...Ch. 3.6 - What three ratios of profitability appear on a...Ch. 3.6 - Prob. 3.15RQCh. 3.6 - Prob. 3.16RQCh. 3.7 - What do the price/earnings (P/E) ratio and the...Ch. 3.8 - Financial ratio analysis is often divided into...Ch. 3.8 - Prob. 3.19RQCh. 3.8 - What three areas of analysis are combined in the...Ch. 3 - For the quarter ended January 28, 2017, Kroger...Ch. 3 - Learning Goals 3, 4, 5 ST3-1 Ratio formulas and...Ch. 3 - Prob. 3.2STPCh. 3 - Prob. 3.1WUECh. 3 - Learning Goal 1 E3-2 Explain why the income...Ch. 3 - Prob. 3.3WUECh. 3 - Learning Goal 3 E3-4 Bluestone Metals Inc. is a...Ch. 3 - Learning Goal 6 E3-5 If we know that a firm has a...Ch. 3 - Financial statement account identification Mark...Ch. 3 - Learning Goal 1 P3-2 1ncome statement preparation...Ch. 3 - Prob. 3.3PCh. 3 - Learning Goal 1 P3-4 Calculation of EPS and...Ch. 3 - Prob. 3.5PCh. 3 - Prob. 3.6PCh. 3 - Learning Goals 1 P3-7 Initial sale price of common...Ch. 3 - Prob. 3.8PCh. 3 - Learning Goal 1 P3-9 Changes In stockholders...Ch. 3 - Learning Goals 2, 3, 4, 5 P3-10 Ratio comparisons...Ch. 3 - Learning Goal 3 P3-11 Liquidity management Bauman...Ch. 3 - Prob. 3.12PCh. 3 - Inventory management Three companies that compete...Ch. 3 - Accounts receivable management The table below...Ch. 3 - Prob. 3.15PCh. 3 - Learning Goal 4 P3-16 Debt analysis Springfield...Ch. 3 - Prob. 3.17PCh. 3 - Learning Goals 2, 3, 4 P3-18 Using Tables 3.1,...Ch. 3 - Learning Goals 5 P3-19 Common-size statement...Ch. 3 - The relationship between financial leverage and...Ch. 3 - Learning Goal 4 P3-21 Analysis of debt ratios...Ch. 3 - Learning Goal 6 P3-22 Ratio proficiency McDougal...Ch. 3 - Learning Goal 6 P3-23 Cross-sectional ratio...Ch. 3 - Learning Goal 6 P3-24 Financial statement analysis...Ch. 3 - Learning Goals 6 P3- 25 Integrative: Complete...Ch. 3 - Learning Goal 6 P3-26 DuPont system of analysis...Ch. 3 - Learning Goal 6 P3-27 Complete ratio analysis,...Ch. 3 - Spreadsheet Exercise The income statement and...
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