Question 1

  1. Excerpts taken from the financial statements of Smothers, Inc. are as follows:

From the balance sheet, current assets of $489 million and total assets of $1,000 million, and current liabilities of $220 million, total liabilities of $524 million, and retained earnings of $220 million.

From the income statement, sales of $1,141 million, operating income (EBIT) of $322 million, and net income of $147 million.

The company also has 27 million shares of common stock outstanding, which are valued at $45.78 per share.

What would be the Altman Z-score for this company? Present your answer to two decimal places. e.g. 20.00.

10 points

Question 2

  1. The common stock of KRJ Enterprises is currently selling for $24.43 per share. Last year the company reported total earnings of $313 million and there were 200 million shares of common stock outstanding. Total equity was reported on the balance sheet as $1,757 million. What was the company's book value per share? Present your answer to two decimal places (e.g., $20.00.)

10 points

Question 3

  1. The common stock of KRJ Enterprises is currently selling for $37.3 per share. Last year the company reported net income of $394 million and there were 200 million shares of common stock outstanding. What was the company's price/earnings ratio? Present your answer to two decimal places. e.g. 20.00.

10 points

Question 4

  1. The common stock of KRJ Enterprises is currently selling for $20.68 per share. Last year the company reported net income of $303 million. Included on its income statement was total depreciation expense of $51 million. There were 200 million shares of common stock outstanding. Using the proxyfor cash flow, what is the company's price/cash flow ratio? Present your answer to two decimal places. e.g. 20.00.

10 points

Question 5

  1. The common stock of KRJ Enterprises is currently selling for $32.77 per share. Last year the company reported total earnings of $383 million and there were 200 million shares of common stock outstanding. The company also paid out dividends of $154 million. What was the company's dividend payout ratio? Present your answer in percentage terms, rounded to two decimal places. e.g. 20.00%.

10 points

Question 6

  1. The common stock of KRJ Enterprises is currently selling for $37.96 per share. Last year the company reported total earnings of $320 million and there were 200 million shares of common stock outstanding. The common stock account is valued at $36 million, additional paid-in capital is $51 million, and retained earnings is $319 million. What was the company's book value per share? Present your answer to two decimal places (e.g., $20.00.)

10 points

Question 7

  1. The common stock of KRJ Enterprises is currently selling for $30.22 per share. Last year the company reported total earnings of $313 million and there were 200 million shares of common stock outstanding. Total equity was reported on the balance sheet as $1,756 million. What was the company's price/book ratio? Present your answer rounded to two decimal places (e.g., 20.00.)

10 points

Question 8

  1. The common stock of KRJ Enterprises is currently selling for $24.72 per share. Last year the company reported net income of $310 million and there were 200 million shares of common stock outstanding. What was the company's earnings per share? Present your answer to two decimal places. e.g. $20.00.

10 points

Question 9

  1. The common stock of KRJ Enterprises is currently selling for $35.1 per share. Last year the company reported net income of $375 million. Included on its income statement was total depreciation expense of $48 million. On its cash flow statement the company reported cash flow from operations of $306 million. There were 200 million shares of common stock outstanding. Based on cash flow from operations, what is the company's cash flow per share? Present your answer to two decimal places. e.g. $20.00.

10 points

Question 10

  1. The common stock of KRJ Enterprises is currently selling for $24.84 per share. Last year the company reported net income of $356 million. Included on its income statement was total depreciation expense of $55 million. On its cash flow statement the company reported cash flow from operations of $335 million. There were 200 million shares of common stock outstanding. Using the proxyfor cash flow, what is the company's cash flow per share? Present your answer to two decimal places. e.g. $20.00.