Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the jimenez corporation's forecasted 2022 financia

The Jimenez Corporation's forecasted 2022 financial statements follow, along with some industry average ratios. Jimenez...

50.1K

Verified Solution

Question

Finance

imageimageimageimage The Jimenez Corporation's forecasted 2022 financial statements follow, along with some industry average ratios. Jimenez Corporation: Forecasted Balance Sheet as of December 31,2022 Jimenez Corporation: Forecasted Income Statement for 2022 Sales $4,290,000 Cost of goods sold 3,707,000 Selling, general, and administrative expenses Earnings before taxes (EBT) 396,456$186,54450,000$136,54434,136$102,408 Interest expense Earnings before taxes (EBT) Taxes (25\%) Net income Jimenez Corporation: Per Share Data for 2022 EPS Cash dividends per share P/E ratio Market price (average) $4.45 Number of shares outstanding $0.95 4.0 $17.81 23,000 Calculate Jimenez's 2022 forecasted ratios, compare them with the industry average data, and comment briefly on Jimenez's projected strengths and weaknesses. Assume that there are no changes from the prior period to any of the operating balance sheet accounts. Do not round intermediate calculation. Round your answers to two decimal places

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students