Holden Packaging Corporation began business in 2014 by issuing 80,000 shares of $ 5 par common stock for $ 8 per share and 20,000 shares of 6 %, $ 10 par preferred stock for par. At year end, the common stock had a market value of $ 10. On its December 31, 2014 balance sheet, Holden Packaging would report Question 11
The primary purpose of the statement of cash flows is to Question 12
Cochran Corporation, Inc. has the following income statement( in millions): COCHRAN CORPORATION, INC. Income Statement For the Year Ended December 31, 2014
Net Sales |
$ 240 |
Cost of Goods Sold |
80 |
Gross Profit |
160 |
Operating Expenses |
65 |
Net Income |
$ 95 |
Using vertical analysis, what percentage is assigned to net income? Question 13
The following information pertains to Marsh Company. Assume that all balance sheet amounts represent average balance figures.
Total asset |
$ 400,000 |
Stockholders‘ equity— common |
200,000 |
Total stockholders‘ equity |
280,000 |
Sales revenue |
120,000 |
Net income |
25,000 |
Number of shares of common stock |
8,000 |
Common dividends |
9,000 |
Preferred dividends |
6,000 |