What was the companys year-end debt-assets ratio

Assignment Help Cost Accounting
Reference no: EM13547900

DEBT RATIO Last year K. Billingsworth & Co. had earnings per share of $4 and dividends per share of $2. Total retained earnings increased by $12 million during the year, while book value per share at year-end was $40. Billingsworth has no preferred stock, and no new common stock was issued during the year. If its year-end total debt was $120 million, what was the company's year-end debt/assets ratio?

Reference no: EM13547900

Questions Cloud

Stvc is explained by the explanatory variables : A. How much of the variation in STVC is explained by the explanatory variables? How do you know that?
Estimate the focal length of the magnifying glass : A person with a near-point distance of 25 cm finds that a magnifying glass gives an angular magnification that is 1.5 times larger, What is the focal length of the magnifying glass
Write a paper analyzing different approaches : Write a paper analyzing different approaches
Using the intermediate macroeconomic : Using the intermediate macroeconomic
What was the companys year-end debt-assets ratio : Billingsworth has no preferred stock, and no new common stock was issued during the year. If its year-end total debt was $120 million, what was the company's year-end debt/assets ratio?
What is the minimum speed of the moving car : A loudspeaker in a parked car is producing sound whose frequency is 20930 Hz. what is the minimum speed of the moving car
The initial stock affect the immediate harvest : (b) How does an increase in the initial stock affect the immediate harvest of a renewable and a nonrenewable resource? Does it have the same or different qualitative effect?
How much can its short-term debt : Additional notes payable and use them to increase inventory. How much can its short-term debt (notes payable) increase without pushing its current ratio below 2.0?
Explain the largest of the great lakes is lake superior : The largest of the Great Lakes is Lake Superior, which as a volume of 12,230 km3. What is this volume in liters

Reviews

Write a Review

Cost Accounting Questions & Answers

  What is amount of goodwill resulting from acquisition

Determined that the inventory of Son had a fair value of $380,000 and the property and equipment (net) had a fair value of $1,120,000. What is the amount of goodwill resulting from the acquisition?

  Translate the financial statements of ching ltd

Translate the financial statements of Ching Ltd into Australian dollars in preparation for group consolidation in accordance with AASB 2' assuming that I-1K dollars are the function currency of Ching Ltd and the Australian dollar is the presentati..

  Question 1 andy has run a small corner store as a sole

question 1. andy has run a small corner store as a sole trader for many years.however his adult children pester him to

  Statement of cash flows

Johnstone Manufacturing Company has used the double-declining balance method to depreciate its machinery. During the present year, management switched to the straight-line method because they felt that it better shown the utilization of the assets..

  Questionon january 1 2002 platte company purchased 80

questionon january 1 2002 platte company purchased 80 percent of the common stock of river company.during 2002 river

  Compute the predetermined overhead rate

Compute the predetermined overhead rate, using direct labor dollars as the allocation base and record the entries for all costs and revenues in T accounts and verify the ending balance in the Work in Process Inventory account.

  Evaluate incorporation plan

Except the stock sale is an integral part of the incorporation plan

  Compute each companys predetermined overhead rate

Compute each companys predetermined overhead rate - Assume that Company X works on three jobs during the upcoming year. Direct labor-hours recorded by job are: Job 418, 12,000 hours; Job

  How are the competitiors doing

Budgeting is an important internal activity. Preparing budgets involve forecasting sales and estimating costs. Prepare a flexible budget for next year for the company of your choice. The budget needs to be realistic and based on corporate and econ..

  Discuss the problems of estimating overhead cost

Discuss key assumptions and limitations of the regression models which you considered and Discuss the problems of estimating overhead cost at the following projected activity level

  Initial recording on cash debt principal and debt discount

The initial recording on cash, debt principal and debt discount or premium and also year 1 journal entry

  Q catherine simpkins owns and operates speedy print co

q catherine simpkins owns and operates speedy print co. through february speedy print co. incurred the subsequent costs

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd