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FernandesLD8773
31.07.2019 •
Business
Lake community college gives its faculty the option of receiving the balance of their contract at the end of the semester on may 17, the faculty can receive one lump-sum payment instead of receiving the remaining seven biweekly pays over the summer. use the data given below to complete the payroll register on may 17. no employee has reached the oasdi ceiling, and all employees are taking the lump-sum payment. the state withholding rate is 2.0% of total earnings; the city withholding rate is 1.0% of total earnings. the biweekly wage bracket is used for federal income taxes. to calculate the tax withholdings, you must calculate the rounded tax for each pay and multiply by the number of pays in the lump-sum payment.
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Ответ:
Deere & Company (DE)
1. Calculation of Ratios:
a) Return on total assets = Net income divided by the average total assets, multiplied by 100.
Year 3 = $1,523.9/$57,965 x 100 = 2.6%
Year 2 = $1,940.0/$ 59,642 x 100 = 3.3%
Year 1 = $3,161.7 /$ 60,429 x 100 = 5.2%
b) Return on stockholders' equity: Earnings after taxes/Stockholders' equity x 100.
Year 3 = $1,523.9/$ 6,644 x 100 = 22.9%
Year 2 = $1,940.0/$7,912 x 100 = 24.5%
Year 1 = $3,161.7 /$ 9,667 x 100 = 32.7%
c) Earnings per share: Net Income/No. of outstanding shares.
Year 3 = $1,523.9/315 = $4.84
Year 2 = $1,940.0/334 = $5.81
Year 1 = $3,161.7 /363 = $8.71
d) Dividend yield: This is equal to the annual dividend per share divided by stock price per share, and multiplied by 100.
Year 3 = $2.40/$92.03 x 100 = 2.61%
Year 2 = $2.40/$81.10 x 100 = 2.96%
Year 1 = $2.22/$85.58 x 100 = 2.59%
e) Price-earnings ratio: This is equal to market price per share divided by the earnings per share.
Year 3 = $92.03/$4.84 = 19.0 times
Year 2 = $81.10/$5.81 = 13.9 times
Year 1 = $85.58/$8.71 = 9.8 times
Explanation:
a) Data
Year 3 Year 2 Year 1
('millions) ('millions) ('millions)
Net income (loss) $1,523.9 $1,940.0 $3,161.7
Preferred dividends $ 0.00 $ 0.00 $ 0.00
Interest expense $763.7 $ 680.0 $ 664.0
Shares outstanding 315 334 363
for computing earnings per share
Cash dividend per share $ 2.40 $ 2.40 $ 2.22
Average total assets $57,965 $ 59,642 $ 60,429
Average stockholders' equity $ 6,644 $7,912 $ 9,667
Average stock price per share $ 92.03 $ 81.10 $ 85.58
b) Return on total assets = Net income divided by the average total assets, multiplied by 100. It shows how well a company generates net income from assets.
Year 3 = $1,523.9/$57,965 x 100 = 2.63%
Year 2 = $1,940.0/$ 59,642 x 100 = 3.25%
Year 1 = $3,161.7 /$ 60,429 x 100 = 5.23%
c) Return on stockholders' equity: Earnings after taxes/Stockholders' equity x 100. It demonstrates how much of the earnings after taxes are available to stockholders.
Year 3 = $1,523.9/$ 6,644 x 100 = 22.94%
Year 2 = $1,940.0/$7,912 x 100 = 24.52%
Year 1 = $3,161.7 /$ 9,667 x 100 = 32.71%
d) Earnings per share: Net Income/No. of outstanding shares. It shows in dollar terms how much of the earnings made by a company is available to stockholders on the average of each share.
Year 3 = $1,523.9/315 = $4.84
Year 2 = $1,940.0/334 = $5.81
Year 1 = $3,161.7 /363 = $8.71
e) Dividend yield: This is equal to the annual dividend per share divided by stock price per share, and multiplied by 100. It shows how a company pays dividend each year in relation to its share price.
Year 3 = $2.40/$92.03 x 100 = 2.61%
Year 2 = $2.40/$81.10 x 100 = 2.96%
Year 1 = $2.22/$85.58 x 100 = 2.59%
f) Price-earnings ratio: This is equal to market price per share divided by the earnings per share. It shows if a company is overvalued or undervalued.
Year 3 = $92.03/$4.84 = 19.0 times
Year 2 = $81.10/$5.81 = 13.9 times
Year 1 = $85.58/$8.71 = 9.8 times
g) Ratios are used to present a picturesque view of a company's financial performance and position to make easily understood and compared with other companies in the industry and over the years (trend analysis). They are important financial management and investment tools, which should, however, not be taken in isolation.