1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
I am Lyosha [343]
3 years ago
8

The following information is available for Cheyenne Corp..

Business
1 answer:
Alenkinab [10]3 years ago
7 0

Answer:

(a) Earnings per share for 2022 and 2021 for Cheyenne are as follows:

Earnings per share for 2002 = $1.21

Earnings per share for 2001 = $1.10

(b) The current ratio and debt to assets ratio for each year are as follows:

Current ratio for 2002 = 2.40

Current ratio for 2001 = 1.25

Debt to assets ratio for 2002 = 29%

Debt to assets ratio for 2001 = 41%

(c) Free cash flow for each year are as follows:

Free cash flow for 2002 = $63,000

Free cash flow for 2001 = $44,000

Explanation:

(a) Compute earnings per share for 2022 and 2021 for Cheyenne. (Round Earnings per share to 2 decimal places, e.g. $2.78.)

These can be calculated using the following formula:

Earnings per share = (Net income - Preferred dividends) / Average shares outstanding ..................... (1)

Where;

Average common shares outstanding = (Common shares outstanding at beginning of year + Common shares outstanding at end of year) / 2

Using equation (1), we have:

Earnings per share for 2002 = (81,700 - 9,705) / ((42,000 + 77,000) / 2) = $1.21

Earnings per share for 2001 = (51,615 - 9,705) / ((31,700 + 44,500) / 2) = $1.10

(b) Compute the current ratio and debt to assets ratio for each year. (Round ratio answers to 2 decimal places, e.g. 15.25 and percentage answers to 0 decimal places, e.g. 15%.)

These can be calculated using the following formula:

Current ratio = Current assets / Current liabilities ................... (2)

Debt to assets ratio = (Total liabilities / Total assets) * 100 .............. (3)

Using equation (2), we have:

Current ratio for 2002 = 56,880 / 23,700 = 2.40

Current ratio for 2001 = 39,625 / 31,700 = 1.25

Using equation (3), we have:

Debt to assets ratio for 2002 = (70,180 / 242,000) * 100 = 29%

Debt to assets ratio for 2001 = (84,870 / 207,000) * 100 = 41%

(c) Compute free cash flow for each year.

These can be calculated using the following formula:

Free cash flow = Net cash provided by operating activities - Expenditures on property, plant, and equipment .................(4)

Using equation (4), we have:

Free cash flow for 2002 = $91,700 - $28,700 = $63,000

Free cash flow for 2001 = $57,700 - $13,700 = $44,000

You might be interested in
If you're a manufacturer, and you want to showcase your product in a store that has a narrow but deep selection of merchandise a
damaskus [11]

Answer:

b. a specialty store.

Explanation:

A specialty store. -

It is a type of retail business , which focus on certain goods and services , is known as a speciality store .

These type of company are expert in making a certain goods or services .

For example ,

The store that are designed specifically for men clothing or women clothing  or specific for toys , cosmetics etc .

Hence , from the question , the correct term according to the given information of the question is a specialty store .

8 0
3 years ago
Include general ability to understand alter lead and control the behavior ​
Liono4ka [1.6K]

Answer:

  • Monitor progress towards Goals
  • control the situation
  • monitor and measure the right items
  • provide coaching and feedback
  • supervising others
  • conflict resolution
  • emotional intelligence
  • communication skills
  • manage performance
  • interviewing skills
  • team building
  • delegation
  • change agent
  • coaching
  • problem solving
  • motivating others
4 0
3 years ago
Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota
Minchanka [31]

Answer:

$2.58 per machine hour

Explanation:

The computation of the fabrication activity cost pool activity rate is

= ($461,000 × 15%) + ($123,000 × 15%) + ($207,000 × 20%) ÷ 50,000 machine hours

= ($69,150 + $18,450 + $41,400) ÷ 50,000 machine hours

= $2.58 per machine hour

5 0
2 years ago
What is the highest level of message AWARENESS that can be reached with the UNIVERSITY STUDENT based on a selection(s) of POSITI
Ivahew [28]

The highest level of message AWARENESS that can be reached with the UNIVERSITY STUDENT based on a selection(s) of POSITIONING messages  is 50%.

<h3>What is positioning messages?</h3>

Positioning messages can be defined as message that contain detailed and concise information about how a product are  and how such product tend to meet customers expectations or needs.

Positioning messages as well help to described how a product are including the satisfaction or benefit a consumer can derive from the product.

Therefore based on a selection(s) of POSITIONING messages  is 50%.

Learn more about positioning messages here:brainly.com/question/14293602

#SPJ1

8 0
2 years ago
Maria, the vice president of sales for an international organization, believes that employees in her foreign offices understand
wolverine [178]

Answer: (B) Polycentric

Explanation:

  A polycentric manager is refers to the approach or the method in the global marketing that basically helps the organization for spread about their products and the services among the different countries.

The main objective of the polycentric approach that it helps in managing the different types of operations and services in the business.

According to the given question, maria is the vice president in an organization for the international sales process and she handle all the practices held in their office. Therefore, Maria is refers as a polycentric manger.

5 0
3 years ago
Other questions:
  • All professional athletes earn a lot of money. wes plays professional football so he makes a lot of money. what type of reasonin
    10·2 answers
  • A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and co
    7·1 answer
  • On an aggregate demand and aggregate supply graph, the stagflation of the 1970s can be represented as a
    7·1 answer
  • Prepare a statement of cash flows using the indirect method for the year ended June 30, 2019. (Amounts to be deducted should be
    6·1 answer
  • Jennifer Searcy, a single mother, has three dependent children. As of December 31, 2018, their ages were as follows: Sydney (7),
    7·1 answer
  • Suppose that the United States and China trade exclusively with each other. What will happen to the value of the U.S. dollar, ce
    7·1 answer
  • Which process that occurs in living organisms us similar to the burning of fossil fuels?
    7·1 answer
  • Charismatic leaders are often _____ than transactional leaders.
    13·1 answer
  • Hillary enters into a shipment contract with a dress manufacturer for fifty red dresses. The dress manufacturer sends fifty blue
    11·1 answer
  • How is the market supply curve derived from the supply curves of individual producers?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!