Question Help On December 31,
Question Help On December 31,
2014
2014, Santiago
Santiago’s common stock sold for $ 34
$34 per share, and dividends per share were $0.60
0.60. Compute Santiago
Santiago’s dividend yield during 2014
2014.
LOADING…
(Click the icon to view the balance sheet.) LOADING…
(Click the icon to view the income statement.)
(Round your answer to one decimal place.)
A.
1.8
1.8%
B.
3.6
3.6%
C.
1.4
1.4%
D.
6.0
6.0%
Click to select your answer.
Save for Later
Data Table
Santiago Company
Consolidated Balance Sheets
December 31, 2014 and 2013
(In millions, except per share data)
2014
2013
Assets
Current assets:
Cash and equivalents
$
570
$
440
Accounts and notes receivable
790
826
Inventories, at cost, not in excess of market
110
126
Prepaid expense and other current assets
530
440
Total current assets
2,000
1,832
Property and equipment:
Property and equipment, at cost
28,730
26,000
Accumulated depreciation and amortization
(8,880)
(7,200)
Net property and equipment
19,850
18,800
Other assets:
Investments in affiliates
1,160
1,020
Goodwill, net
1,700
1,570
Miscellaneous
930
1,090
Total other assets
3,790
3,680
Total assets
$
25,640
$
24,312
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable
$
610
$
640
Income taxes
66
16
Other taxes
205
200
Accrued interest
191
182
Accrued restructuring and restaurant closing costs
100
325
Accrued payroll and other liabilities
916
715
Current maturities of long-term debt
390
265
Total current liabilities
2,478
2,343
Long-term debt
8,900
9,500
Other long-term liabilities and minority interests
750
560
Deferred income taxes
990
1,005
Total liabilities
$
13,118
$
13,408
Stockholders’ equity:
Preferred stock, no par value; authorized—140.0 million shares; issued—none
—
—
Common stock, $.01 par value; authorized—2.0 billion shares;
issued—1,900 million shares
19
19
Additional paid-in capital
1,588
2,323
Unearned ESOP compensation
(89)
(98)
Retained earnings
21,224
19,300
Accumulated other comprehensive income (loss)
(820)
(1,650)
Common stock in treasury, at cost; 1,100 and 1,150 million shares
(9,400)
(8,990)
Total stockholders’ equity
12,522
10,904
Total liabilities and stockholders’ equity
$
25,640
$
24,312
PrintDone
Santiago Company
Consolidated Statements of Income (Adapted)
Years Ended December 31, 2014 and 2013
(In millions, except per share data)
2014
2013
Revenues
Sales by Company-operated restaurants
$
12,800
$
11,000
Revenues from franchised and affiliated restaurants
4,550
4,100
Total revenues
17,350
15,100
Food and paper (Cost of goods sold)
3,200
3,080
Payroll and employee benefits
4,000
3,100
Occupancy and other operating expenses
2,700
3,100
Franchised restaurants—occupancy expenses
949
840
Selling, general, and administrative expenses
1,810
1,745
Other operating expense, net
520
815
Total operating expenses
13,179
12,680
Operating income
4,171
2,420
Interest expense
375
380
Other nonoperating expense, net
97
65
Income before income taxes
3,699
1,975
Income tax expense
1,295
691
Net income
$
2,404
$
1,284
Per common share basic:
Net Income
$
3.01
$
1.71
Dividends per common share
$
0.60
$
0.65
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
