7)Calculate common dividends paid during 2017. The correct answer is: 88.3 89.6
ID: 2409181 • Letter: 7
Question
7)Calculate common dividends paid during 2017. The correct answer is:
88.3
89.6
90.2
91.6
94.8
8) Calculate net income to common & preferred shareholders for the year ended 12/31/17. Hint: Net income to common & preferred shareholders refers to net income after allocation to noncontrolling interests. The correct answer is:
229.1
231.7
242.1
262.8
279.1
9) Wall Street Analysts ignore certain income and expense required by GAAP when arriving at results (these adjustments are called Non-GAAP adjustments). Specifically, for Fancy Pants, analysts ignore gains and losses on sales, asset write downs, and amortization.
Calculate Non-GAAP pretax income for the year ended 12/31/17. The correct answer is:
372.9
408.9
412.9
469.2
504.1
10) Wall Street Analysts ignore certain income and expense required by GAAP when arriving at results (these adjustments are called Non-GAAP adjustments). Specifically, for Fancy Pants, analysts ignore gains and losses on sales, asset write downs, and amortization. Calculate Non-GAAP Net Income for the year ended 12/31/17.
Hint: Net income refers to net income available to common, preferred and consolidated non-controlling interests. Also, remember to adjust taxes to reflect that certain expenses / income are ignored when calculating non-GAAP results.
The correct answer is:
268.4
276.1
255.4
250.4
246.4
11)
Calculate accumulated depreciation on 12/31/17. The correct answer is:
(2,907.3)
(3,432.0)
(3,956.7)
(3,971.7)
(3,978.7)
12) Calculate retained earnings/(losses) on 12/31/17. The correct answer is:
(236.1)
(263.4)
(266.1)
(269.1)
(271.1)
13) Calculate the non-controlling interest balance on the balance sheet on 12/31/17. The correct answer is:
61.5
75.0
100.0
125.0
138.5
14) Calculate total current assets on the balance sheet on 12/31/17. The correct answer is:
297.7
515.3
551.9
1,081.9
1,709.9
Data for Fancy Pants Balances as of: 12/31/16 12/31/17 Activities during the year: Capital expenditures Cost of Goods Sold (excluding D&A;) 2017 580.0 3,256.0 Accounts Payable Accounts Receiva ble Additional Paid-In Capital Cash And Equivalents Common Stock (Par Valuc) Current Portion of Long-Term Debt Deferred Revenue (Current Deferred Tax Asset (Non-current) Deferred Tax Liability (Non-current 120.5 74.8 146.4 34.6 5.6 49.6 53.0 12.6 43.5 3,432.0) 34.2 45.0 132.6 214.0 100.0 23.5 123.9 212.7 12.4 50.0 (403.6) 112.3) 67.8 130.5 2.4 Dividend Payout Ratio (dividends/net income to common shareholders 163.5Income Tax 40% 35% 45.6 5,800.0 25.0 16.5 45.0 5.0 56.3 20.0 1,488.0 7.0 TBD Net Interest Expense 7.4 Net Revenues 68.4 Non-controlling Interest Expense (After-Tax) 32.0 Other Operating Expenses (excluding D&A; 34,6 Purchases of intangible assets 52.3 Preferred dividends TBD Research And Development (excluding D&A;) 34.2 Proceeds from sale of land with book value of $15 (classify relevant impact on income statement as a non-operating item 70.0 Selling, General,& Administrative (excluding D&A;) Goodwill Intangible Assets Inventory Long-Term Debt Non-controlling Interest (NCI) Notes Payable Write-down of PP&E; (classify relevant impact on income statement as a non-operating item) 145.7 275.0 TBD 34.2 one Term Investments Net PP&E; Preferred Stock Pre-Paid Expenses (Current) Retained Earnings/ Treasury Stock Wages Payable (Current) 145.3 Net income- refers to net income available to common, preferred shareholders, as well as consolidated noncontrolline interests. 46.0 Net income to common& preferred-refers to net income available to common and preferred shareholders 13.5 Net income to common-refers to net income available to common shareholders 35.0 TBD 123.2) 72.5Explanation / Answer
7) 90.2
8) 231.7
9)469.2
10)255.4
11)(2907.3)
12)(271.1)
13)100
14) 515.3
please consider this answer after calculating the details.
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