Chapter 1, Problem 26E

Loomis, Inc. reported the following on the company's income statement in two recent years: Current Year Prior Year $ 13,500,000 Interest expense $ 16,000,000 Income before income tax expense 432,000,000 310,500,000 a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place. Is this ratio improving or declining? b.

. Great Products, Inc. reported the following on the company’s income statement in two recent years:Current Year Prior YearInterest Expense $270,000 $250,000Income before income tax expense 4,212,000 3,450,000a. Determine the times interest earned ratio for the current year and the prior year. Round to one decimal place. b. Is the times interest earned ratio improving or declining?

Hello! look at the attached images and answer: (a) Calculate ratios for the year ended 31 December 2021 (showing your workings) for Primrose Plc, equivalent to those provided above.  i. Return on year-end capital employed ii. Net asset turnover iii. Gross profit margin iv. Net profit margin v. Current ratio vi. Closing inventory holding period vii. Trade receivables’ collection period viii. Trade payables’ payment period ix. Dividend yield x. Dividend cover (b) Analyse the financial performance and position of Primrose Plc for the year ended 31 December 2021 compared to 31 December 2020.  (c) Explain the uses and the general limitations of ratio analysis.    Thanks a lot!

In its most recent financial statements, Del-Castillo Inc. reported $70 millionof net income and $900 million of retained earnings. The previous retainedearnings were $855 million. How much in dividends did the firm pay toshareholders during the year?

The following data is for questions 4 to 7 MI 1ST 10lsunten Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has nop amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, MA AUOT and the notes payable will be rolled over. Balance Sheet (Millions of S) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets and stai Liabilities and Equity level wo Accounts payable suzu ols eroja Notes payable Accruals Total current liabilities il of bozore al Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity being Income Statement (Millions of $) Net sales Operating costs except depr'n Depreciation Earnings bef int and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends Int rate on notes payable &…

A company’s balance of retained earnings on January 1 was $35 million. During the year,sales revenue was $82 million, while expenses totaled $50 million. The company declaredand paid $5 million in cash dividends during the year. What was the balance of retainedearnings at the end of the year?a. $62 millionb. $67 millionc. $72 milliond. $172 million

For the year ended December 31, 2022, Settles Incorporated earned an ROI of 8.8 %. Sales for the year were $9 million, and average asset turnover was 2.2. Average stockholders' equity was $2.9 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income % b. Return on equity %

Electronics World Inc. paid out $22.4 million intotal common dividends and reported $144.7 million of retained earnings at year-end. Theprior year’s retained earnings were $95.5 million. What was the net income? Assume thatall dividends declared were actually paid.

A firm has the following accounts; sales = $1,190,000, cost of goods sold = $876,000, depreciation expense = $130,000, addition to retained earnings = $43,000. The firm's dividends per share = $1.05, tax rate = 21%, and number of shares outstanding = 19,000. What is the firm's times interest earned ratio? O 1.76 1.52 11.41 O 1.42