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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Textbook Question
Chapter 3, Problem 3.4P
Learning Goal 1
P3-4 Calculation of EPS and retained earnings Everdeen Mining Inc. ended 2019 with a net profit before taxes of $436,000. The company is subject to a 40% tax rate and must pay $64,000 in
- a. Calculate Everdeen’s 2019 earnings per share (EPS).
- b. If the firm paid common stock dividends of $0.80 per share, how many dollars would go to retained earnings?
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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.
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…
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
$…
S13-7 Accounting for cash dividends
Learning Objective 4
Java Company earned net income of $85,000 during the year ended December
31, 2018. On December 15, Java declared the annual cash dividend on its 4%
preferred stock (par value, $120,000) and a $0.25 per share cash dividend on its
common stock (50,000 shares). Java then paid the dividends on January 4,
2019.
Requirements
1. Journalize for Java the entry declaring the cash dividends on December
15, 2018.
2. Journalize for Java the entry paying the cash dividends on January 4,
2019.
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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