Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN: 9781285595047
Author: Weil
Publisher: Cengage
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Using the following national income accounting data, compute (a) GDP. (b) NDP, and (c) NI. All figures are in billions.
Category
Compensation of employees
U.S. exports of goods and services
Consumption of fixed capital
Government purchases
Taxes on production and imports
Net private domestic investment
Transfer payments
U.S. imports of goods and services
Personal taxes
Net foreign factor income
Personal consumption expenditures
Statistical discrepancy
Instructions: Round your answers to 1 decimal place.
a. GDP = $ 437.8 billion
b. NDP = $426.02 billion
C. NI = $ 425.6 billion
Billions
$ 225.2
18.8
11.8
59.4
14.4
52.1
13.9
16.5
40.5
2.2
249.1
0.0
Use the following information to construct an income statement.
Interest
Expense
Cost of Goods
Sold
Other Operating
Expenses
$350,196
$11,519,888
$244,807
Sales
Depreciation
Expense
Flat Tax Rate
$19,244,808
$467,723
21%
What was the firms Net Profit Margin? (answer in decimal form and round
to three decimal places; 7.6% = .076)
You are given the following information for Smashville, Incorporated.
Cost of goods sold:
Investment income:
Net sales:
Operating expense:
Interest expense:
Dividends:
Tax rate:
Current liabilities:
Cash:
$ 184,000
$ 1,600
$ 387,000
$ 88,000
$ 7,400
$ 6,000
21%
$ 12,000
$ 21,000
Long-term debt:
$ 32,000
$ 40,000
Other assets:
Fixed assets:
Other liabilities:
Investments:
Operating assets:
$ 125,000
$ 5,000
$ 36,000
$ 64,000
During the year, Smashville, Incorporated, had 17,000 shares of stock outstanding and depreciation expense of $19,000. At the end of
the year, Smashville stock sold for $42 per share. Calculate the price-book ratio, price-earnings ratio, and price-cash flow ratio.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
Answer is not complete.
Price-book ratio
Price-earnings ratio
Price-cash flow ratio
15.19
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