The income statement shows that ABC's total revenues increased by $525,000 from 2014 to 2015 while net earnings available to common stockholders increased by $192,000. The balance sheet indicates that total stockholder's equity increased by $220,000 due to higher retained earnings while total assets increased by $530,000 primarily due to greater fixed assets and current assets. Overall, the financial statements show that ABC's revenues, earnings, assets and stockholder's equity all increased from 2014 to 2015.
Finacial Accounting Ii FA260US ASSIGNMENT 1 (5 Group Member Only) Faculty Department Course Course Code Due Date Possible Marks Examiner (S) Moderator Instructions
The income statement shows that ABC's total revenues increased by $525,000 from 2014 to 2015 while net earnings available to common stockholders increased by $192,000. The balance sheet indicates that total stockholder's equity increased by $220,000 due to higher retained earnings while total assets increased by $530,000 primarily due to greater fixed assets and current assets. Overall, the financial statements show that ABC's revenues, earnings, assets and stockholder's equity all increased from 2014 to 2015.
The income statement shows that ABC's total revenues increased by $525,000 from 2014 to 2015 while net earnings available to common stockholders increased by $192,000. The balance sheet indicates that total stockholder's equity increased by $220,000 due to higher retained earnings while total assets increased by $530,000 primarily due to greater fixed assets and current assets. Overall, the financial statements show that ABC's revenues, earnings, assets and stockholder's equity all increased from 2014 to 2015.
The income statement shows that ABC's total revenues increased by $525,000 from 2014 to 2015 while net earnings available to common stockholders increased by $192,000. The balance sheet indicates that total stockholder's equity increased by $220,000 due to higher retained earnings while total assets increased by $530,000 primarily due to greater fixed assets and current assets. Overall, the financial statements show that ABC's revenues, earnings, assets and stockholder's equity all increased from 2014 to 2015.
CLASS HANDOUT-2: AUTUMN, 2021 PAPER HS60009: FINANCIAL MANAGEMENT FUNDAMENTAL ANALYSIS (30/09/2021) Income Statement of ABC for the years Ended December 31, 2015 and 2014 2015 2014 ($, thousand) ($, thousand) Total Operating Revenues 2575 2050 Less: COGS 1150 985 Gross Profits 1425 1065 Less: Operating Expenses Selling Expenses 275 250 General & Administrative Expenses 225 205 Depreciation Expense 100 95 Fixed Expenses 75 75 Total Operating Expenses 675 625 Net Operating Income 750 440 Other Income 20 15 Earnings before interest and taxes (EBIT) 770 455 Less: Interest Expense Interest on Short-Term Notes 10 10 Interest on Long-term Borrowings 50 55 Total Interest Expense 60 65 Earnings before taxes (EBT) 710 390 Less: Taxes Current Taxes 160 156 Deferred Taxes 124 0 Total Taxes 284 156 EAT 426 234 Less: Preferred Stock Dividends 95 95 Net earnings Available for common stockholders 331 139 Earnings per share (EPS), 100000 shares outstanding 3.31 1.39 Retained Earnings 220 50 Dividends paid to holders of common stock 111 89 Balance Sheet of ABC as on December 31, 2015 and 2014 2015 2014 ($, thousand) ($, thousand) Liabilities and Stockholder's Equity Preferred Stock 200 200 Common Stock 1000 1000 Paid-in Capital 1985 1985 Retained Earnings 360 140 Total Stockholder's Equity 3545 3325 Liabilities Current Liabilities Accounts Payable 300 295 Short-Term Notes Payable 1275 965 Accruals & Other Current Liabilities 145 295 Total Current Liabilities 1720 1555 Long-Term Debt 1900 1,755 Total Laibilities 3620 3,310 Total Liabilities and Stockholder's Equity 7165 6,635 Assets Current Assets Cash 1565 990 Accounts Receivable 565 605 Inventories 895 1,215 Other 215 180 Total Current Assets 3240 2990 Fixed Assets Land and Buildings 2400 2400 Machinery and Equipment 1880 1575 Furniture & Fixtures 435 390 Vehicles 140 115 Less: Depreciation 1005 905 Net Fixed Assets 3850 3575 Other 75 70 Total Fixed Assets 3925 3645 Total Assets 7165 6635 Assumptions: 1. Percent of sales to customers that are on credit = 90% 2. Percent of company purchases that are on credit = 95% 3. Number of business days per year = 365 4. Net Sales are 96% of total Sales 5. Stock price, per share = $35.00 6. No. of outstanding shares = 100000
Finacial Accounting Ii FA260US ASSIGNMENT 1 (5 Group Member Only) Faculty Department Course Course Code Due Date Possible Marks Examiner (S) Moderator Instructions