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 |