Summary ACCT 212 Chapter 13 Homework Liberty University answers complete solutions Latest 2022/2023

Connect - Financial Accounting Chapter 13 1. Common-size and trend percents for Rustynail Company's sales, cost of goods sold, and expenses follow. Common-Size Percents Trend Percents 2015 2014 2013 2015 2014 2013 Sales 100.0 % 100.0 % 100.0 % 105.4 % 104.2 % 100.0 % Cost of goods sold 63.4 61.9 59.1 113.1 109.1 100.0 Total expenses 15.3 14.8 15.1 106.8 102.1 100.0 ________________________________________ Determine the net income for the following years. (Enter all amounts as positive values. Round your answers to nearest whole dollar.) 2015 2014 2013 Sales $105,400 $104,200 $100,000 Cost of Goods Sold 66,842 64,478 59,100 Total Expenses 16,127 15,417 15,100 Net Income $22,431 $24,305 $25,800 Did the net income increase, decrease, or remain unchanged in this three-year period? Net income decreased ----------------------------------------------------------------------------------------------------------------------------------- Questions 2-5 [The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets follow. At December 31 2015 2014 2013 Assets Cash $ 31,800 $ 35,625 $ 37,800 Accounts receivable, net 89,500 62,500 50,200 Merchandise inventory 112,500 82,500 54,000 Prepaid expenses 10,700 9,375 5,000 Plant assets, net 278,500 255,000 230,500 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total assets $ 523,000 $ 445,000 $ 377,500 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Liabilities and Equity Accounts payable $ 129,900 $ 75,250 $ 51,250 Long-term notes payable secured by mortgages on plant assets 98,500 101,500 83,500 Common stock, $10 par value 163,500 163,500 163,500 Retained earnings 131,100 104,750 79,250 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total liabilities and equity $ 523,000 $ 445,000 $ 377,500 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ The company’s income statements for the years ended December 31, 2015 and 2014, follow. Assume that all sales are on credit: For Year Ended December 31 2015 2014 Sales $ 673,500 $ 532,000 Cost of goods sold $ 411,225 $ 345,500 Other operating expenses 209,550 134,980 Interest expense 12,100 13,300 Income taxes 9,525 8,845 ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total costs and expenses 642,400 502,625 ________________________________________ ________________________________________ ________________________________________ ________________________________________ Net income $ 31,100 $ 29,375 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Earnings per share $ 1.90 $ 1.80 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ 2. (1) Compute days' sales uncollected. Days' Sales Uncollected Choose Numerator: / Choose Denominator: x Days = Days' Sales Uncollected Accounts receivable / Net sales x 365 = Days' Sales Uncollected 2015: $89,500 / $673,500 x 365 = 48.5 days 2014: $62,500 / $532,000 x 365 = 42.9 days 3. (2) Compute accounts receivable turnover. Accounts Receivable Turnover Choose Numerator: / Choose Denominator: = Accounts Receivable Turnover Net sales / Average accounts receivable, net = Accounts receivable turnover 2015: $673,500 / $76,000 = 8.9 times 2014: $532,000 / $56,350 = 9.4 times 4. (3) Compute inventory turnover. Inventory Turnover Choose Numerator: / Choose Denominator: = Inventory Turnover Cost of goods sold / Average inventory = Inventory turnover 2015: $411,225 / $97,500 = 4.2 times 2014: $345,500 / $68,250 = 5.1 times 5. (4) Compute days' sales in inventory. Days’ Sales In Inventory Choose Numerator: / Choose Denominator: x Days = Days’ Sales In Inventory Ending inventory / Cost of goods sold x 365 = Days’ sales in inventory 2015: $112,500 / $411,225 x 365 = 99.9 days 2014: $82,500 / $345,500 x 365 = 87.2 days ----------------------------------------------------------------------------------------------------------------------------------- 6. Selected comparative financial statements of Haroun Company follow. HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2015–2009 ($ thousands) 2015 2014 2013 2012 2011 2010 2009 Sales $ 1,694 $ 1,496 $ 1,370 $ 1,264 $ 1,186 $ 1,110 $ 928 Cost of goods sold 1,246 1,032 902 802 752 710 586 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Gross profit 448 464 468 462 434 400 342 Operating expenses 330 256 234 170 146 144 118 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Net income $ 118 $ 208 $ 234 $ 292 $ 288 $ 256 $ 224 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ HAROUN COMPANY Comparative Balance Sheets December 31, 2015–2009 ($ thousands) 2015 2014 2013 2012 2011 2010 2009 Assets Cash $ 58 $ 78 $ 82 $ 84 $ 88 $ 86 $ 89 Accounts receivable, net 490 514 466 360 318 302 216 Merchandise inventory 1,838 1,364 1,204 1,032 936 810 615 Other current assets 36 32 14 34 28 28 9 Long-term investments 0 0 0 146 146 146 146 Plant assets, net 2,020 2,014 1,752 944 978 860 725 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total assets $ 4,442 $ 4,002 $ 3,518 $ 2,600 $ 2,494 $ 2,232 $ 1,800 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Liabilities and Equity Current liabilities $ 1,220 $ 1,042 $ 718 $ 614 $ 546 $ 522 $ 282 Long-term liabilities 1,294 1,140 1,112 570 580 620 400 Common stock 1,000 1,000 1,000 850 850 650 650 Other paid-in capital 250 250 250 170 170 150 150 Retained earnings 678 570 438 396 348 290 318 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total liabilities and equity $ 4,442 $ 4,002 $ 3,518 $ 2,600 $ 2,494 $ 2,232 $ 1,800 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ Required: 1. Complete the below table to calculate the trend percents for all components of both statements using 2009 as the base year. (Round your percentage answers to 1 decimal place.) HAROUN COMPANY Income Statement Trends For Years Ended December 31, 2015–2009 2015 2014 2013 2012 2011 2010 2009 Sales 182.5 % 161.2 % 147.6 % 136.2 % 127.8 % 119.6 % 100.0 % Cost of goods sold 212.6 176.1 153.9 136.9 128.3 121.2 100.0 Gross profit 131.0 135.7 136.8 135.1 126.9 117.0 100.0 Operating expenses 279.7 216.9 198.3 144.1 123.7 122.0 100.0 Net income 52.7 % 92.9 % 104.5 % 130.4 % 128.6 % 114.3 % 100.0 % HAROUN COMPANY Balance Sheet Trends December 31, 2015–2009 2015 2014 2013 2012 2011 2010 2009 Assets Cash 65.2 % 87.6 % 92.1 % 94.4 % 98.9 % 96.6 % 100.0 % Accounts receivable, net 226.9 238.0 215.7 166.7 147.2 139.8 100.0 Merchandise inventory 298.9 221.8 195.8 167.8 152.2 131.7 100.0 Other current assets 400.0 355.6 155.6 377.8 311.1 311.1 100.0 Long-term investments 0.0 0.0 0.0 100.0 100.0 100.0 100.0 Plant assets, net 278.6 277.8 241.7 130.2 134.9 118.6 100.0 Total assets 246.8 % 222.3 % 195.4 % 144.4 % 138.6 % 124.0 % 100.0 % Liabilities and Equity Current liabilities 432.6 % 369.5 % 254.6 % 217.7 % 193.6 % 185.1 % 100.0 % Long-term liabilities 323.5 285.0 278.0 142.5 145.0 155.0 100.0 Common stock 153.8 153.8 153.8 130.8 130.8 100.0 100.0 Other paid-in capital 166.7 166.7 166.7 113.3 113.3 100.0 100.0 Retained earnings 213.2 179.2 137.7 124.5 109.4 91.2 100.0 Total liabilities & equity 246.8 % 222.3 % 195.4 % 144.4 % 138.6 % 124.0 % 100.0 % ----------------------------------------------------------------------------------------------------------------------------------- Questions 7-9 [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 2013 Sales $ 555,000 $ 340,000 $ 278,000 Cost of goods sold 283,500 212,500 153,900 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Gross profit 271,500 127,500 124,100 Selling expenses 102,900 46,920 50,800 Administrative expenses 50,668 29,920 22,800 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total expenses 153,568 76,840 73,600 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Income before taxes 117,932 50,660 50,500 Income taxes 40,800 10,370 15,670 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Net income $ 77,132 $ 40,290 $ 34,830 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ KORBIN COMPANY Comparative Balance Sheets December 31, 2015, 2014, and 2013 2015 2014 2013 Assets Current assets $ 52,390 $ 37,924 $ 51,748 Long-term investments 0 500 3,950 Plant assets, net 100,000 96,000 60,000 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total assets $ 152,390 $ 134,424 $ 115,698 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Liabilities and Equity Current liabilities $ 22,800 $ 19,960 $ 20,300 Common stock 72,000 72,000 60,000 Other paid-in capital 9,000 9,000 6,000 Retained earnings 48,590 33,464 29,398 ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total liabilities and equity $ 152,390 $ 134,424 $ 115,698 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ 7. Required: 1. Complete the below table to calculate each year's current ratio. Current Ratio Choose Numerator: / Choose Denominator: = Current ratio Current assets / Current liabilities = Current ratio 2015: $52,390 / $22,800 = 2.3 to 1 2014: $37,924 / $19,960 = 1.9 to 1 2013: $51,748 / $20,300 = 2.5 to 1 8. 2. Complete the below table to calculate income statement data in common-size percents. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2015, 2014, and 2013 2015 2014 2013 Sales 100.00 % 100.00 % 100.00 % Cost of goods sold 51.08 1 62.50 1 55.36 1 Gross profit 48.92 37.50 44.64 Selling expenses 18.54 1 13.80 1 18.27 1 Administrative expenses 9.13 1 8.80 1 8.20 1 Total expenses 27.67 22.60 26.47 Income before taxes 21.25 1 14.90 1 18.17 1 Income taxes 7.35 1 3.05 1 5.64 1 Net income 13.90 % 11.85 % 12.53 % 9. 3. Complete the below table to calculate the balance sheet data in trend percents with 2013 as the base year. (Round your percentage answers to 2 decimal places.) KORBIN COMPANY Balance Sheet Data in Trend Percents December 31, 2015, 2014, 2013 2015 2014 2013 Assets Current assets 101.24 % 73.29 % 100.00 % Long-term investments 12.66 100.00 Plant assets, net 166.67 160.00 100.00 Total assets 131.71 % 116.19 % 100.00 % Liabilities and Equity Current liabilities 112.32 % 98.33 % 100.00 % Common stock 120.00 120.00 100.00 Other paid-in capital 150.00 150.00 100.00 Retained earnings 165.28 113.83 100.00 Total liabilities and equity 131.71 % 116.19 % 100.00 % ----------------------------------------------------------------------------------------------------------------------------------- 10. Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2014, were inventory, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $22,748.) CABOT CORPORATION Income Statement For Year Ended December 31, 2015 Sales $ 448,600 Cost of goods sold 297,250 ________________________________________ ________________________________________ Gross profit 151,350 Operating expenses 98,600 Interest expense 4,100 ________________________________________ ________________________________________ Income before taxes 48,650 Income taxes 19,598 ________________________________________ ________________________________________ Net income $ 29,052 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ CABOT CORPORATION Balance Sheet December 31, 2015 Assets Liabilities and Equity Cash $ 10,000 Accounts payable $ 17,500 Short-term investments 8,400 Accrued wages payable 3,200 Accounts receivable, net 29,200 Income taxes payable 3,300 Notes receivable (trade)* 4,500 Long-term note payable, secured Merchandise inventory 32,150 by mortgage on plant assets 63,400 Prepaid expenses 2,650 Common stock 90,000 Plant assets, net 153,300 Retained earnings 62,800 ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total assets $ 240,200 Total liabilities and equity $ 240,200 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ * These are short-term notes receivable arising from customer (trade) sales. Required: Compute the following: (1) current ratio, (2) acid-test ratio, (3) days' sales uncollected, (4) inventory turnover, (5) days' sales in inventory, (6) debt-to-equity ratio, (7) times interest earned, (8) profit margin ratio, (9) total asset turnover, (10) return on total assets, and (11) return on common stockholders' equity.(Do not round intermediate calculations.) (1) Current Ratio Choose Numerator: / Choose Denominator: = Current Ratio Current assets / Current liabilities = Current Ratio 2015: $86,900 / $24,000 = 3.6 to 1 (2) Acid-Test Ratio Choose Numerator: / Choose Denominator: = Acid-Test Ratio Quick assets / Current liabilities = Acid-Test Ratio 2015: $52,100 / $24,000 = 2.2 to 1 (3) Days Sales Uncollected Choose Numerator: / Choose Denominator: x Days = Days Sales Uncollected Current receivables / Net sales x 365 = Days Sales Uncollected 2015: $33,700 / $448,600 x 365 = 27.4 days (4) Inventory Turnover Choose Numerator: / Choose Denominator: = Inventory Turnover Cost of goods sold / Average inventory = Inventory Turnover 2015: $297,250 / $40,525 = 7.3 times (5) Days’ Sales in Inventory Choose Numerator: / Choose Denominator: x Days = Days’ Sales in Inventory Merchandise inventory / Cost of goods sold x 365 = Days’ Sales in Inventory 2015: $32,150 / $297,250 x 365 = 39.5 days (6) Debt-to-Equity Ratio Choose Numerator: / Choose Denominator: = Debt-to-Equity Ratio Total liabilities / Total equity = Debt-to-Equity Ratio 2015: $87,400 / $152,800 = 0.57 to 1 (7) Times Interest Earned Choose Numerator: / Choose Denominator: = Times Interest Earned Income before tax Interest expense / Interest expense = Times Interest Earned 2015: $48,650 $4,100 / $4,100 = 12.9 times (8) Profit Margin Ratio Choose Numerator: / Choose Denominator: = Profit margin ratio Net income / Net sales = Profit margin ratio 2015: $29,052 / $448,600 = 6.5 % (9) Total Asset Turnover Choose Numerator: / Choose Denominator: = Total Asset Turnover Net sales / Average total assets = Total Asset Turnover 2015: $448,600 / $214,800 = 2.1 times (10) Return on Total Assets Choose Numerator: / Choose Denominator: = Return on Total Assets Net income / Average total assets = Return on Total Assets 2015: $29,052 / $214,800 = 13.5% % (11) Return on Common Stockholders' Equity Choose Numerator: / Choose Denominator = Return On Common Stockholders' Equity Net income - Preferred dividends / Average common stockholders' equity = Return On Common Stockholders' Equity 2015: $29,052 - / $132,774 = 21.9 % ----------------------------------------------------------------------------------------------------------------------------------- Questions 11-12 [The following information applies to the questions displayed below.] Summary information from the financial statements of two companies competing in the same industry follows. Barco Company Kyan Company Barco Company Kyan Company Data from the current year-end balance sheets Data from the current year’s income statement Assets Sales $ 770,000 $ 880,200 Cash $ 19,500 $ 34,000 Cost of goods sold 585,100 632,500 Accounts receivable, net 37,400 57,400 Interest expense 7,900 13,000 Current notes receivable (trade) 9,100 7,200 Income tax expense 14,800 24,300 Merchandise inventory 84,440 132,500 Net income 162,200 210,400 Prepaid expenses 5,000 6,950 Basic earnings per share 4.51 5.11 Plant assets, net 290,000 304,400 Cash dividends per share 3.81 3.93 ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total assets $ 445,440 $ 542,450 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ Beginning-of-year balance sheet data Liabilities and Equity Accounts receivable, net $ 29,800 $ 54,200 Current liabilities $ 61,340 $ 93,300 Current notes receivable (trade) 0 0 Long-term notes payable 80,800 101,000 Merchandise inventory 55,600 107,400 Common stock, $5 par value 180,000 206,000 Total assets 398,000 382,500 Retained earnings 123,300 142,150 Common stock, $5 par value 180,000 206,000 ________________________________________ ________________________________________ ________________________________________ ________________________________________ Total liabilities and equity $ 445,440 $ 542,450 Retained earnings 98,300 93,600 ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________________________________________________ ________________________________________ 11. Required: 1.1 For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts (including notes) receivable turnover, (d) inventory turnover, (e) days' sales in inventory, and (f) days' sales uncollected.(Do not round intermediate calculations.) (a) Current Ratio Company Choose Numerator: / Choose Denominator: = Current Ratio Current assets / Current liabilities = Current ratio Barco $155,440 / $61,340 = 2.5 to 1 Kyan $238,050 / $93,300 = 2.6 to 1 (b) Acid-Test Ratio Company Choose Numerator: Choose Denominator: = Acid-Test Ratio Cash Short-term investments Current receivables / Current liabilities = Acid-test ratio Barco $19,500 $46,500 / $61,340 = 1.1 to 1 Kyan $34,000 $64,600 / $93,300 1.1 to 1 (c) Accounts Receivable Turnover Company Choose Numerator: / Choose Denominator: = Accounts Receivable Turnover Net sales / Average accounts receivable, net = Accounts receivable turnover Barco $770,000 / $38,150 = 20.2 times Kyan $880,200 / $59,400 = 14.8 times (d) Inventory Turnover Company Choose Numerator: / Choose Denominator: = Inventory Turnover Cost of goods sold / Average inventory = Inventory turnover Barco $585,100 / $70,020 = 8.4 times Kyan $632,500 / $119,950 = 5.3 times (e) Days’ Sales in Inventory Company Choose Numerator: / Choose Denominator: x Days = Days’ Sales in Inventory Merchandise inventory / Cost of goods sold x 365 = Days’ sales in inventory Barco $84,440 / $585,100 x 365 = 52.7 days Kyan $132,500 / $632,500 x 365 = 76.5 days (f) Days' Sales Uncollected Company Choose Numerator: / Choose Denominator: x Days = Days' Sales Uncollected Current receivables, net / Net sales x 365 = Days' sales uncollected Barco $46,500 / $770,000 x 365 = 22.0 days Kyan $64,600 / $880,200 x 365 = 26.8 days 12. 2.1 For both companies compute the (a) profit margin ratio, (b) total asset turnover, (c) return on total assets, and (d) return on common stockholders’ equity. Assuming that share and each company’s stock can be purchased at $75 per share, compute their (e) price-earnings ratios and (f) dividend yields. (Do not round intermediate calculations. Round your answers to 2 decimal places.) (a) Profit Margin Ratio Company Choose Numerator: / Choose Denominator: = Profit margin ratio Net income / Net sales = Profit margin ratio Barco $162,200 / $770,000 = 21.1 % Kyan $210,400 / $880,200 = 23.9 % (b) Total Asset Turnover Company Choose Numerator: / Choose Denominator: = Total Asset Turnover Net sales / Average total assets = Total asset turnover Barco $770,000 / $421,720 = 1.8 times Kyan $880,200 / $462,475 = 1.9 times (c) Return on Total Assets Company Choose Numerator: / Choose Denominator: = Return on Total Assets Net income / Average total assets = Return on total assets Barco $162,200 / $421,720 = 38.5 % Kyan $210,400 / $462,475 = 45.5 % (d) Return On Common Stockholders' Equity Company Choose Numerator: / Choose Denominator = Return On Common Stockholders' Equity Net income - Preferred dividends / Average common stockholders' equity = Return on common stockholders' equity Barco $162,200 - / $290,800 = 55.8 % Kyan $210,400 - / $323,875 = 65.0 % (e) Price-Earnings Ratio Company Choose Numerator: / Choose Denominator: = Price-Earnings Ratio Market price per common share / Earnings per share = Price-Earnings Ratio Barco $75 / $4.51 = 16.6 times Kyan $75 / $5.11 = 14.7 times (f) Dividend Yield Company Choose Numerator: / Choose Denominator: = Dividend Yield Annual cash dividends per share / Market price per share = Dividend Yield Barco $3.81 / $75 = 5.1 % Kyan $3.93 / $75 = 5.2 %