From the Income Statement, Balance Sheet, and Statement ofChanges in Owners’ Equity, and Statement...

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Accounting

From the Income Statement, Balance Sheet, and Statement ofChanges in Owners’ Equity, and Statement of Cash flows for 2017(you prepared in Tandy #1).

Calculate (and show your work) for the following

Earnings per Share (EPS)
Dividends per share (DPS)
Book Value per Share

Net Operating Profit after Tax   (NOPAT)
         EBIT (1 - Taxrate)
Net Operating Working Capital  (NOWC)
         Currentassets – (Current liabilities – Notes Payable
Net Plant andEquipment  (NFA)          
Operating Capital  (OC)
         NOWC +NFA
           

Net Cash Flow  (NCF)
Operating Cash Flow  (OCF)
Free Cash Flow  (FCF)
Cash Flow from Assets   (CFA)
Cash Flow to Debtors   (CFD)
Cash Flow to Equity Holders   (CFE)

TANDY COMPANY

Year Ending

6/30/2017

6/30/2016

6/30/2015

Common Stock 100,000 shares outstanding

$460,000

$460,000

$460,000

Net Receivables

632,160

351,200

315,000

Cost of Goods Sold

5,528,000

2,864,000

2,706,000

Expenses

519,988

358,672

330,000

Interest Expense

136,012

43,828

42,500

Property Plant and Equipment

1,202,950

491,000

476,000

Less Accumulated Depreciation

263,160

146,200

127,300

Income Taxes (40%)

??

58,640

80,680

Cash And Cash Equivalents

7,282

57,600

37,500

Sales

6,034,000

3,432,000

3,300,000

Accounts Payable

524,160

145,600

166,000

Notes Payable

636,808

200,000

200,000

Accrued Liabilities

489,600

136,000

122,000

Depreciation Expense

116,960

18,900

19,800

Long Term Debt

723,432

323,432

323,432

Inventory

1,287,360

715,200

675,000

Dividends

11,000

22,000

22,000

Retained Earnings

32,592

203,768

104,748

Other Information

The firm had sufficient taxable income in 2016 and 2015 toobtain a full refund in 2017

Net Income for 2016

$87,960

TANDY COMPANY

Year Ending

6/30/2017

6/30/2016

6/30/2015

Common Stock 100,000 shares outstanding

$460,000

$460,000

$460,000

Net Receivables

632,160

351,200

315,000

Cost of Goods Sold

5,528,000

2,864,000

2,706,000

Expenses

519,988

358,672

330,000

Interest Expense

136,012

43,828

42,500

Property Plant and Equipment

1,202,950

491,000

476,000

Less Accumulated Depreciation

263,160

146,200

127,300

Income Taxes (40%)

??

58,640

80,680

Cash And Cash Equivalents

7,282

57,600

37,500

Sales

6,034,000

3,432,000

3,300,000

Accounts Payable

524,160

145,600

166,000

Notes Payable

636,808

200,000

200,000

Accrued Liabilities

489,600

136,000

122,000

Depreciation Expense

116,960

18,900

19,800

Long Term Debt

723,432

323,432

323,432

Inventory

1,287,360

715,200

675,000

Dividends

11,000

22,000

22,000

Retained Earnings

32,592

203,768

104,748

Other Information

The firm had sufficient taxable income in 2016 and 2015 toobtain a full refund in 2017

Net Income for 2016

$87,960

Answer & Explanation Solved by verified expert
3.6 Ratings (317 Votes)

Sr. No.

Particulars

2017

2016

2015

1

Earnings per share (EPS) – (b/a)

4.60

4.60

4.60

Number of shares (a)

100000

100000

100000

Share capital (b)

460000

460000

46000

2.

Dividends per share (DPS) – (b/a)

0.11

0.22

0.22

Number of shares (a)

100000

100000

100000

Dividends (b)

11000

22000

22000

3.

Book Value per share (a/ No. of shares)

4.925

6.637

5.647

Calculation of networth

Net Receivables

632160

351200

315000

Property, plant & equipment

1202950

491000

476000

(-) accumulated depreciation

263160

146200

127300

Cash & cash equivalents

7282

57600

37500

Inventory

1287360

715200

675000

Current Assets

1784592

1468800

1376200

(-) Accounts payable

524160

145600

166000

(-) notes payables

636808

200000

200000

(-) Accrued liabilities

489600

136000

122000

(-) Long term debt

723432

323432

323432

Net worth (a)

492592

663768

564768

4.

Net Operating Working Capital

770832

987200

888200

Current assets

1784592

1468800

1376200

(-) Current Liabilities

Accounts payable

524160

145600

166000

Accrued liabilities

489600

136000

122000

(-) notes payables

636808

200000

200000

5.

Net Plant & Equipment

939790

344800

348700

Property, plant & equipment

1202950

491000

476000

(-) accumulated depreciation

263160

146200

127300

6.

Operating Capital (4+5)

1710622

1332000

1236900


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In: AccountingFrom the Income Statement, Balance Sheet, and Statement ofChanges in Owners’ Equity, and Statement of...From the Income Statement, Balance Sheet, and Statement ofChanges in Owners’ Equity, and Statement of Cash flows for 2017(you prepared in Tandy #1).Calculate (and show your work) for the followingEarnings per Share (EPS)Dividends per share (DPS)Book Value per ShareNet Operating Profit after Tax   (NOPAT)         EBIT (1 - Taxrate)Net Operating Working Capital  (NOWC)         Currentassets – (Current liabilities – Notes PayableNet Plant andEquipment  (NFA)          Operating Capital  (OC)         NOWC +NFA           Net Cash Flow  (NCF)Operating Cash Flow  (OCF)Free Cash Flow  (FCF)Cash Flow from Assets   (CFA)Cash Flow to Debtors   (CFD)Cash Flow to Equity Holders   (CFE)TANDY COMPANYYear Ending6/30/20176/30/20166/30/2015Common Stock 100,000 shares outstanding$460,000$460,000$460,000Net Receivables632,160351,200315,000Cost of Goods Sold5,528,0002,864,0002,706,000Expenses519,988358,672330,000Interest Expense136,01243,82842,500Property Plant and Equipment1,202,950491,000476,000Less Accumulated Depreciation263,160146,200127,300Income Taxes (40%)??58,64080,680Cash And Cash Equivalents7,28257,60037,500Sales6,034,0003,432,0003,300,000Accounts Payable524,160145,600166,000Notes Payable636,808200,000200,000Accrued Liabilities489,600136,000122,000Depreciation Expense116,96018,90019,800Long Term Debt723,432323,432323,432Inventory1,287,360715,200675,000Dividends11,00022,00022,000Retained Earnings32,592203,768104,748Other InformationThe firm had sufficient taxable income in 2016 and 2015 toobtain a full refund in 2017Net Income for 2016$87,960TANDY COMPANYYear Ending6/30/20176/30/20166/30/2015Common Stock 100,000 shares outstanding$460,000$460,000$460,000Net Receivables632,160351,200315,000Cost of Goods Sold5,528,0002,864,0002,706,000Expenses519,988358,672330,000Interest Expense136,01243,82842,500Property Plant and Equipment1,202,950491,000476,000Less Accumulated Depreciation263,160146,200127,300Income Taxes (40%)??58,64080,680Cash And Cash Equivalents7,28257,60037,500Sales6,034,0003,432,0003,300,000Accounts Payable524,160145,600166,000Notes Payable636,808200,000200,000Accrued Liabilities489,600136,000122,000Depreciation Expense116,96018,90019,800Long Term Debt723,432323,432323,432Inventory1,287,360715,200675,000Dividends11,00022,00022,000Retained Earnings32,592203,768104,748Other InformationThe firm had sufficient taxable income in 2016 and 2015 toobtain a full refund in 2017Net Income for 2016$87,960

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