1. The following data came from the financial statements of Ryerson Corp. for 20
ID: 2476135 • Letter: 1
Question
1. The following data came from the financial statements of Ryerson Corp. for 2013 and 2012.
Required:
Required: Calculate Ryerson's dividend payout ratio for 2013 (in percentage terms, rounded to two decimal places). %
Required:
Calculate St. James' earnings per share as it would be reported on the 2013 income statement. Round your answer to the nearest cent.
$
3. Tanaka Corporation's balance sheet indicates the following balances as of December 31, 2013.
Required:
If Tanaka's 2013 net income is $80,000, determine its return on equity (in percentage terms, rounded to two decimal places).
%
4. The following data came from the financial statements of Israel Company:
Required:
Compute Israel's return on equity (in percentage terms, rounded to two decimal places).
%
5. Selected financial statement numbers for Rutherford Company follow.
Required:
Round your answers to two decimal places.
1. Using this information, calculate Rutherford's receivable turnover ratio.
2. Using this information, calculate Rutherford's asset turnover ratio and also convert the ratio into days (rounded to the nearest whole day).
days
Horizontal and Vertical Analysis
Required:
1. Calculate by how much accounts receivable, merchandise inventory, total assets, net sales, and cost of goods sold increased or decreased in dollar terms from 2012 to 2013.
2. Indicate what happened from 2012 to 2013 to accounts receivable and merchandise inventory as a percentage of total assets (rounded to the nearest whole percent).
Indicate what happened from 2012 to 2013 to cost of goods sold as a percentage of net sales (rounded to the nearest whole percent).
Revenue $900,000 Expenses 600,000 Net income 300,000 Assets 600,000 Liabilities 100,000 Average equity 500,000Explanation / Answer
1 Dividend Payout Ratio = Dividends/ Earnings 42000*100/110000 Dividend Payout Ratio = 38.18% 2 Earnings per share = Net Income- Preferrence dividend/ No of common shares Outstanding (150000-15000)/105000 1.28 Earnings per share is $ 1.28 3 Return on Equity= Net Income/ Average Shareholders Equity 80000/(275000+325000)/2 80000/300000 Return on Equity= 26.67% 4 ROE = 300000/500000 60%
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