# 5. Income Statement and Balance Sheets Deep Falls Timber 2015 Income Statement Net sales Cost of...

###### Question:

5. Income Statement and Balance Sheets Deep Falls Timber 2015 Income Statement Net sales Cost of goods sold Depreciation EBIT Interest Taxable income Taxes Net income Dividends $642,100 409,800 138,400$ 93,900 15 600 $78,300 27.500$ 50,800 $12,700 Deep Falls Timber Balance Sheets as of December 31, 2014 and 2015 Cash Accounts receivable Inventory CA- 2015$ 32,300 50,700 70,500 2014 $46,900 58,300 75,800 2015$ 58,900 20,000 134,700 2014 $61,200 30,000 164,500 153,500 Accounts payable Notes payable Long-term debt Common stock and paid-in surplus ($1 par value) Retained eamings Total liabilities & owners' equity Net fixed assets 504,500 461,000 220,000 224,400 200,000 186 300 Total assets $658.000$642.000 $658,000$642,000
b. What are the days' sales in inventory for 2015? (Use ending inventory) Answer: c. What is the equity multiplier for 2015? Answer: d. What are the values of the three components of the DuPont identity for 2015 for computing the ROE? What is the ROE? Answe e. Deep Falls Timber stock sold for $6.50 a share as of 2015. What was the price-earnings ratio at that time? Answe f. Deep Falls Timber stock sold for$6.50 a share as of 2015. What was the market-to-book ratio at that time? Answe r:

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