BMAL 530 Connect Homework 7 solutions complete answers
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Question 1
Compute trend percents for the above accounts, using 2015 as the base year.
Question 2
Express the following comparative income statements in common-size percents.
Using the common-size percentages, which item is most responsible for the decline in net income?
Question 3
Simon Company's year-end balance sheets follow.
(1-a) Compute the current ratio for each of the three years.
(1-b) Did the current ratio improve or worsen over the three year period?
(2-a) Compute the acid-test ratio for each of the three years.
Question 4
Simon Company’s year-end balance sheets follow.
The company’s income statements for the Current Year and 1 Year Ago, follow. Assume that all sales are on credit:
(1-a) Compute days' sales uncollected.
(1-b) For each ratio, determine if it improved or worsened in the current year.
Question 5
(2-a) Compute accounts receivable turnover.
(2-b) For each ratio, determine if it improved or worsened in the current year.
Question 6
(3-a) Compute inventory turnover.
(3-b) For each ratio, determine if it improved or worsened in the current year.
Question 7
(4-a) Compute days' sales in inventory.
(4-b) For each ratio, determine if it improved or worsened in the current year.
Question 8
Simon Company's year-end balance sheets follow.
The company's income statements for the Current Year and 1 Year Ago, follow.
For both the Current Year and 1 Yyear Ago, compute the following ratios:
(1) Debt and equity ratios.
Question 9
(2) Debt-to-equity ratio.
Question 10
(3) Times interest earned.
(3-b) Based on times interest earned, is the company more or less risky for creditors in the Current Year versus 1 Year Ago?
Question 11
Simon Company's year-end balance sheets follow.
The company’s income statements for the Current Year and 1 Year Ago, follow.
For both the Current Year and 1 Year Ago, compute the following ratios:
(1-a) Profit margin ratio.
(1-b) Did profit margin improve or worsen in the Current Year versus 1 Year Ago?
Question 12
(2) Total asset turnover.
Question 13
(3-a) Return on total assets.
(3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago?
Question 14
Simon Company's year-end balance sheets follow.
The company’s income statements for the Current Year and 1 Year Ago, follow.
Additional information about the company follows.
For both the Current Year and 1 Year Ago, compute the following ratios:
1. Return on common stockholders' equity.
2. Price-earnings ratio on December 31.
2a. Assuming Simon's competitor has a price-earnings ratio of 6, which company has higher market expectations for future growth?
Which company has higher market expectations for future growth?
3. Dividend yield.
