Liabilities and Owners Equity Current Liabilities s Payable 155521285 Payable

Liabilities and owners equity current liabilities s

This preview shows page 37 - 43 out of 47 pages.

Liabilities and Owners' Equity Current Liabilities: s Payable 1,555,212.85 Payable 250,203.31 Payable 21,888.22 Portion of Bonds Payable 1,000,000.00 axes currently payable 1,042,493.16 Pension Liability 107,041.70 Employees Health Insuran 43,718.91 ability 106,589.40 ent Liability - Lawsuit 0.00 Tax Liability 52,325.25 Total Current Liabilities 4,179,472.80 Long Term Liabilities: ayable 10%, 20 year 4,000,000.00 Total Long Term Liabilities: 4,000,000.00 Total Liabilities: 8,179,472.80 d Stock - (10,000 authorized 500,000.00 issued, 10%, $100 par value) n Stock - (2,000,000 shares 1,750,000.00 ized, 1,750,000 issued, $1 par) d Earnings 9,024,579.60 Total Equity 11,274,579.60 Total Liabilities & Equity $ 19,454,052.40 HOME
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Peyton Approved Earnings per Share For Year Ended 12/31/20XX Net Income 12,376,457.01 Less: Preferred Dividends 50,000.00 Earnings Available to Common Shareholders 12,326,457.01 Common Shares Outstanding 2,000,000.00 Basic EPS 6.16 If all preferred shares are converted: Net Income 12,376,457.01 Additional Common Shares 500,000.00 Common Shares Outstanding after conversion 2,500,000.00 EPS if preferred shares converted 4.95 Preferred shares are antidilutive If all bonds are converted: Net Income 12,376,457.01 Less: Preferred Dividends 50,000.00 Add back interest on bonds, net of income tax 1,000,000.00 Earnings Available to Common Shareholders 13,326,457.01 Additional Common Shares 2,000,000.00 Common Shares Outstanding after conversion 4,000,000.00 Fully diluted EPS 3.33 Peyton plans to raise $1,000,000 million of additional capital for the coming year. that it will enable them to earn an additional $600,000 after tax. What would be th earnings per share if the raise the $1,000,000 by: a) issuing 10,000 share of 10% $100 par value convertible preferred sto can be coverted into 10 shares of Peyton common stock? b) issuing $1,000,000 of 8% convertible bond, each $1,000 bond can be 5 shares of Peyton common stock? c) $500,000 of each of the above? Net Income 600,000.00
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Less: Preferred Dividends 100,000.00 Earnings Available to Common Shareholders 500,000.00 Common Shares Outstanding 100,000.00 Basic EPS 5.00 a If all preferred shares are converted: Net Income 600,000.00 Additional Common Shares 100,000.00 Common Shares Outstanding after conversion 200,000.00 EPS if preferred shares converted 3.00 Preferred shares are antidilutive b If all bonds are converted: Net Income 600,000.00 Less: Preferred Dividends - Add back interest on bonds, net of income tax 48,000.00 Earnings Available to Common Shareholders 648,000.00 Additional Common Shares 5,000.00 Common Shares Outstanding after conversion 105,000.00 EPS if peferred shares converted (diluted eps) 6.17 c. Net Income 500,000.00 Less: Preferred Dividends 500,000.00 Add back interest on bonds, net of income tax 24,000.00 Earnings Available to Common Shareholders 574,000.00 Additional Common Shares Peferred Stocl 50,000.00 Additonal from Bonds 2,500.00 Common Shares Outstanding 152,500.00 3.76 EPS is bonds and preferred shares are converted (Diluted EPS )
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r. They anticipate he impact on ock, where share e converted into? HOME
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1000000*.10
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RATIO ANALYSIS SPREADSHEET 1 Current Current Assets $ 15,847,105.00 3.791652 Current Liabilities $ 4,179,472.80 2 Quick Cash + Accts. Rec. $ 8,581,495.22 2.053248 Current Liabilities $ 4,179,472.80 3 Debt-to-Worth Total Liabilities $ 8,179,472.80 42% Net Worth $ 19,454,052.40 4 Gross Margin Gross Profit $ 22,962,050.80 68% Sales $ 34,005,952.95 5 Net Margin Net Profit Before Tax $ 12,376,457.01 36% Sales $ 34,005,952.95 6 Sales-to-Assets Sales $ 34,005,952.95 1.748014 Total Assets $ 19,454,052.40 7 Return on Assets Net Profit Before Tax $ 16,597,629.88 85% Total Assets $ 19,454,052.40 8 Return on Investment Net Profit Before Tax $ 16,597,629.88 1.472128 Net Worth $ 11,274,579.60 9 Inventory Turnover Cost of Goods Sold $ 11,043,902.15 6.371784 Inventory $ 1,733,251.15 10 Inventory Turn-Days 360 360 56.49909 Inventory Turnover $ 6.37 11 Accounts Receivable Turnover Sales $ 34,005,952.95 4.794638 Accounts Receivable $ 7,092,495.88 12 Accounts Receivable Turn-Days 360 360 75.08387 Accts. Rec. Turnover $ 4.79 13 Accounts Payable Turnover Cost of Goods Sold $ 11,043,902.15 7.101216 BALANCE SHEET RATIOS: Stability (Staying Power) INCOME STATEMENT RATIOS:
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