Calculate return on equity for 2018 and 2019 (stockholders’ equity for 2017 was $134,047 million). Current assets:Cash and cash equivalentsMarketable securitiesAccounts receivable, netInventoriesVendor non-trade receivablesOther current assetsTotal current assets.Non-current assets:Marketable securitiesProperty, plant and equipment, netOther non-current assetsTotal non-current assetsTotal assetsCurrent liabilities:Accounts payableOther current liabilitiesDeferred revenueCommercial paperTerm debtTotal current liabilitiesNon-current liabilities:Term debtOther non-current liabilitiesTotal non-current liabilitiesTotal liabilitiesLIABILITIES AND SHAREHOLDERS' EQUITY:$$48,84451,71322,9264,10622,87812,352162,819105,34137,37832,978175,697338,51646,23637,7205,5225,98010,260105,71891,80750,503142,310248,028$$$25,91340,38823,1863,95625,80912,087131,339170,79941,30422,283234,386365,72555.88833,3275.96611,9648,784115,92993,73548.914142,649258,578 Shareholders' equity:Common stock and additional paid-in capital, $0.00001 par value: 12,600,000 shares authorized; 4,443,236 and 4,754,986 shares issued and outstanding, respectivelyRetained earningsAccumulated other comprehensive income/(loss)Total shareholders' equityTotal liabilities and shareholders' equityTotal shareholders' equity, beginning balancesCommon stock and additional paid-in capital:Beginning balancesCommon stock issuedCommon stock withheld related to net share settlement of equity awardsShare-based compensationTax benefit from equity awards, including transfer pricing adjustmentsEnding balancesRetained earnings:Beginning balancesNet incomeDividends and dividend equivalents declaredCommon stock withheld related to net share settlement of equity awardsCommon stock repurchasedCumulative effects of changes in accounting principlesSSeptember 28,2019107,147$40,201781(2,002)6,19445,17470,40055,256(14,129)(1,029)(67,101)2,501SYears endedSeptember 29,201845,17445,898(584)90,488338,516134,04735,867669(1,778)5,44340,20198,33059.531(13,735)(948)(73,056)278$$September 30,201740,20170,400(3,454)107,147365.725128,249SLAALA31.251555(1,468)4,90962035,86796,36448,351(12,803)(581)(33,001)

Ratio analysis is a method used to analyze financial statements by calculating and comparing various…

Answered: Calculate return on equity for 2018 and…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 13MCQ

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Fair value is used to value which of the following balance sheet accounts? a. Prepaid expenses; patents; property, plant, and equipment b. Capital lease obligations, bonds payable c. Receivables net of allowance for doubtful accounts d. Debtsecurities available for sale, trading securities
Liquid assets is determined by Select one: a. Current assets - current liabilities O b. Current liabilities- Bank overdraft c. Current assets +stock+ prepaid expenses O d. Current assets-stock-Prepaid expenses
Which of the following constitutes an internal source of funds Oa. Corporate bonds b. Common stock Oc Commercial paper O d. Retained earnings and amortization cash flow
Assets Current assets Cash and cash equivalents Accounts receivable, net Supplies Other current assets Total current assets Property and equipment Accumulated depreciation Net property and equipment Goodwill Deferred charges Other Total assets Liabilities and equity Current liabilities Accounts payable Accrued liabilities Current maturities of long-term debt Total current liabilities Operating lease liabilities non-current Long-term debt Other non-current liabilities Total liabilities Total liabilities Common stock Cummulative dividends Retained earnings Other Total equity Total liabilities and equities Revenue, net Operating charges Salaries, wages, and benefits Other operating expenses Supplies expense Depreciation and amortization Lease and rental expense Total operating charges Income from operations Interest expense, net Other (income) expense, net Income before income taxes Provision for income taxes Net income $61,268 1,560,847 Cost of debt (%) Cost of equity (%) Weighted…
The realizable amount of notes receivable is considered. a. Income b. all of the above c. Noncurrent asset d. Current asset
Which ratio measures the ability to pay current liabilities with current assets?a. Debt ratiob. Current ratioc. Liability ratiod. Asset ratio
Impact of Transactions Involving Bonds on Statement of Cash Flows In the following list, select each item as operating, investing, financing, or not separately reported on the statement of cash flows. Proceeds from issuance of bonds payable Financing Interest expense Redemption of bonds payable at maturity Financing Investing Not separately reported Operating
Reporting Issuance and Retirement of Long-Term Debt On the basis of the details of the following bonds payable and related discount accounts, indicate the items to be reported in the Financing Activities section of the statement of cash flows, assuming no gain or loss on retiring the bonds: ACCOUNT Bonds Payable ACCOUNT NO. Balance Date Debit Credit Jan. 1 Balance Retire bonds 112,000 June 30 Issue bonds ACCOUNT Discount on Bonds Payable Date Item Balance Retire bonds Issue bonds Amortize discount Jan. 1 2 June 30 Dec. 31 Item Debit 22,500 336,000 Credit 8,960 1,940 Debit Credit 560,000 448,000 784,000 ACCOUNT NO. Balance Debit 25,200 16,240 38,740 36,800 Credit
The valuation of a promise to receive cash in the future at present valueon the financial statements of a company is valid because of theaccounting concept of: a. entityb. materialityc. going concernd. neutrality
The balance sheet account that is usually reported at its fair market value is: a. Short-term marketable securities b. Accounts receivable c. Current liabilities d. Inventory
If a company purchased avalaible for sale securities with cash, this would be reported on the statement of cash flows as? Select one: a. Financing Activities cash outflow b. Investing Activities cash outflow c. Financing Activities cash inflow d. Operating activities cash outflow
Debt issuance costs are: Accounted for as a deduction from the equity balance on the balance sheet Recognized initially as a current liability on the balance sheet Amortized over the term of the related debt liability Expensed on the income statement when the transaction occurs Which one is the correct answer please?

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