Answer:
Basic earning per share = $3.69
Explanation:
Earning per share (EPS) = earnings available to ordinary shareholders/ number of ordinary shares
Number of ordinary shares = 390,000 × 2 = 780,000 units
Net income 2,900,000
Preferred dividend <u> ( 24,000)</u>
Earnings available to shareholders <u>2,876,000</u>
Number of ordinary shares 780,000 units
Earnings per shares = $2,876,000/780,000 units
= $3.69
Answer:
$5,641
Explanation:
DEPOSIT NOW
$1000 * FVIF 9%,8 PERIODS
= $1000 * 1.9926
= $1992.6
IN 2 YEARS
= $2000 * FVIF 9%,6 PERIODS
= $2000 * 1.6771
= $3354.20
IN 5 YEARS
= $8000 * FVIF 9%, 3 PERIODS
= $8000*1.2950
= $10360
WITHDRAWAL: IN 3 YEARS
= ($3000) * FVIF 9%, 5 PERIODS
= ($3000) * 1.5386
= ($4615.80)
IN 7 YEARS
= ($5000) * FVIF 9%, 1 PERIOD
= ($5000) * 1.0900
= ($5450)
Total value = $1992.6 + $3354.20 + $10360 - $4615.80 - $5450
Total value = $5,641
So, the total future value after eight years is $5,641
Answer and Explanation:
The computation of receivables turnover ratio and average collection period for Sun Health and Select Medical is shown below:-
For Sun health
Accounts Receivables Turnover Ratio = Net Sales ÷ Average Accounts Receivables
= Net Sales ÷ ((Accounts Receivables at the beginning + Accounts Receivables at the end) ÷ 2)
= $3,630 ÷ (($300 + $287) ÷ 2)
= $3,630 ÷ 293.5
= 12.4 times
Average Collection Period = Number of days in a year ÷ Accounts Receivables Turnover Ratio
= 365 ÷ 12.37 times
= 29.5 days
For Sun medical
Accounts Receivables Turnover Ratio = Net Sales ÷ Average Accounts Receivables
= Net Sales ÷ ((Accounts Receivables at the beginning + Accounts Receivables at the end) ÷ 2)
= $3,940 ÷ (($499 + $438) ÷ 2)
= $3,940 ÷ 468.5
= 8.4 times
Average Collection Period = Number of days in a year ÷ Accounts Receivables Turnover Ratio
= 365 ÷ 8.41 times
= 43.4 days
Answer:
(i) 1.57
(ii) 12.40%
(iii) $76,898.60
Explanation:
Debt-equity ratio = debt/equity
Hence debt= 0.57 equity
= (0.57 × 620000)
= $353,400
Total assets = debt + equity
= (353400+620000)
= $973400
1. Equity multiplier = Total assets ÷ Equity
= $973,400 ÷ 620,000
= 1.57
3. ROA = net income ÷ Total assets
net income = ($973,400 × 0.079)
= $76,898.60
2. ROE = net income ÷ Total equity
= $76,898.60 ÷ 620,000
= 12.40%(Approx).
Expand the equation.
Multiply (distribute) the first numbers of each set, outer numbers of each set, inner numbers of each set, and the last numbers of each set.
Combine like terms.
Solve the equation and simplify, if needed.
