1A. You’re the chief financial officer (CFO) of Worldwide Widget Manufacturing,

Question

1A. You’re the chief financial officer (CFO) of Worldwide Widget Manufacturing, Inc. The company manufactures and sells widgets at factories in the United States and internationally. Listed below are partial financial statements for Worldwide Widget Manufacturing, Inc. Fill in the missing information in each of the following financial statements. Answer spaces are given below.

g. Net sales for 2015_______

h. Less: Cost of goods sold for 2014_______

i. Less: Interest for 2015_______

j. Less: Taxes for 2015_______

k. Earnings per share (EPS) for 2015_______

l. Dividends per share (DPS) for 2014_______

m. Book value per share (BVPS) for 2015_______

Please Show work, Thanks!

Worldwide Widget Manufacturing, Inc. Balance Sheet as of December 31, 2015 and 2014 (in millions of dollars) 2015 2014 2015 2014 Liabilities and Equity Current liabilities: Assets Current assets $ 427$ 322 Accrued wages and Cash and marketable securities Accounts receivable $ 309 257 381 319 $492S 421 taxes $ 300 259Accounts pavable Inventory 815 797 Notes payable Total $1,542$1,378 Total $1,182 $997 Long-term debt: 1,934 $ 1,959 Fixed assets S 3,240 $2,817Total Gross plant and equipment Less: Depreciation 3,116 2,956 368 254 Stockholders' equity $ 30$30 Net plant and equipment Other long-term $2,872$2,563 Preferred stock (30 million shares) 521 487 Common stock 300 300 and paid-in surplus (250 million shares) Retained earnings assets 1.489 $1,819$1,47'2 $4,935$4,428 1,142 Total FA S 3,393 $3,050 Total Equity Total assets $4,935 $4,428 Total liabilities and equity

Explanation / Answer

S.No. Particulars Calculation Answer g. Net sales for 2015 (1,623 m + 753 m) $2,376 m h. Less: Cost of goods sold for 2014 (2,018 m - 1,189 m) $ 829 m i. Less: Interest for 2015 (1,086 m - 949 m ) $ 137 m j. Less : Taxes for 2015 (949 m - 664 m) $285 m k. Earnings per share (EPS) for 2015 (566 m /250 m ) 2.26 l. Dividends per share (DPS) for 2014 (199 m /250 m) 0.80 m. Book value per share (BVPS) for 2015 (1789 m /250 m) 7.16

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