Attached are partial financial statements for Garners’ Platoon Mental Health Car
ID: 2520823 • Letter: A
Question
Attached are partial financial statements for Garners’ Platoon Mental Health Care, Inc.
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Garners Platoon Mental Health Care, Inc Balance Sheet as of December 31,2018 and 2017 (in millions of dollars) 2018 2017 2018 2017 Assets Liabilities and Equity Current assets Current liabilities: S316 S242 867 791 $872 214 $2,055 $1,747 Cash and marketable Accrued wages and taxes Accounts payable Notes payable Total $421 Accounts receivable $1,109 1,020 1760 1581 S3,290 $2,996 Inventory Total Long-term debt: 3,090 Fixed assets Gross plant and Stockholders' equity S5,812 $4,743 840 640 S60 Preferred stock30 million shares Common stock and paid-in equipment S60 Less: Depreciation Net plant and 200 million shares 637 4,972 $4,103 790 $5,864 S4,893 surplus Retained earnings Total equipment 3.312 2440 Other long-term assets S4,009 $3,137 Total Totalabilies and equity $9.154 $7.889 Total assets 9,154 $7.889Explanation / Answer
Amounts are in $ million except per share data
2018
2017
Earnings per share
Net income available to common shareholders
1267
1045
Number of common shares
200 million
200 million
Earnings per share
(1267 / 200)
6.335
(1045 / 200)
5.225
Dividend per share
Common stock dividend
395
395
Number of common shares
200 million
200 million
Dividend per share
(395 / 200)
1.975
1.975
Book value per share
Total shareholders' equity
4009
3137
Less: Preferred stock
60
60
Common shareholders' equity
3949
3077
Number of common shares
200 million
200 million
Book value per share
(3949 / 200)
19.745
(3077 / 200)
15.385
Amounts are in $ million except per share data
2018
2017
Earnings per share
Net income available to common shareholders
1267
1045
Number of common shares
200 million
200 million
Earnings per share
(1267 / 200)
6.335
(1045 / 200)
5.225
Dividend per share
Common stock dividend
395
395
Number of common shares
200 million
200 million
Dividend per share
(395 / 200)
1.975
1.975
Book value per share
Total shareholders' equity
4009
3137
Less: Preferred stock
60
60
Common shareholders' equity
3949
3077
Number of common shares
200 million
200 million
Book value per share
(3949 / 200)
19.745
(3077 / 200)
15.385
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