Where do the numerator and denominator in the return on total assets ratio come from (Income...
Where do the numerator and denominator in the return on total assets ratio come from (Income statement, balance sheet, cash flow statement) ?
Homework Answers
The return on total assets ratio come from income statement and balance sheet.
Return on total assets = Net income / Total assets
Net income (numerator) is the bottom line of the income statement and Total assets (denominator) is the bottom line of assets side of a balance sheet.
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Where do the numerator and denominator in the return on total
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With component percentages, the numerator comes from the income statement and the denominator comes from the balance sheet. True or False
Need help on the numerator & denominator Required information [The following information applies to the questions...
Need help on the numerator & denominator
Required information [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INC Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets $ 94,300 $ 66,000 73,000 119,500 9,800 268,300 137,000 Cash Accounts receivable, net Inventory Prepaid expenses 98,000 85,800 6,600 284,700 146,000 (38,000) Total current assets Equipment Accum. depreciation-Equipment (20,000) $385,300 $392,700 Total assets Liabilities and Equity Accounts payable Wages payable...
Find the current ratio and show the numerator and denominator in ratio calculation Assets Cash Accounts...
Find the current ratio and show the numerator and denominator
in ratio calculation
Assets Cash Accounts Recievable $15,230 6,410 $21,640 Current Assets Land Building Furniture and Fixes Projection Equipment 25,000 34,000 60,000 26,000 2Long-term Assets 3 Total Assets $145,000 $166,640 5 Current Liabilites 6 Accounts Payable 7 Notes Payable 8 Salaries and wages pay 19 20 Total Liabilities 21 22 Owners Equity 23 Common Stock 24 Retained Earnings 25 Total Equity 26 $15,600 20,000 2,000 $37,600 60,000 69,040 129,040 27...
Question 6 The denominator of the rate of return on total assets ratio is the average...
Question 6 The denominator of the rate of return on total assets ratio is the average total assets. a. False b. True
Check The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed...
Check The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form, plus some information from the cash flow statement. 2019 $ 647,992 48,021 349, 452 113,335 1,158,800 574,332 $1,733,132 $ 475,402 510,245 1, 222,887 $1,733, 132 2018 $ 762,044 42,010 401,514 115,920 1,321,488 621,982 $1,943, 470 $ 456,401 522,886 1,420,584 $1,943, 470 2017 $ 751,693 40,121 318,208 98,388 1, 208,410 568,302 $1,776,712 404,837 422,241 1,354, 471 $1,776,712 Balance Sheet Cash and short-term investments Accounts...
The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form,...
The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form, plus some information from the cash flow statement. Balance Sheet 2019 2018 2017 Cash and short-term investments $ 645,992 $ 760,044 $ 749,693 Accounts receivable 47,821 41,810 39,721 Inventory 347,452 397,514 316,208 Other current assets 115,535 118,120 98,788 Total current assets 1,156,800 1,317,488 1,204,410 Long-lived assets 575,332 624,982 571,302 Total assets $ 1,732,132 $ 1,942,470 $ 1,775,712 Current liabilities $ 470,402 $ 450,401 $...
Return on total assets A company reports the following income statement and balance sheet information for...
Return on total assets A company reports the following income statement and balance sheet information for the current year $410,000 Net income 90,000 Interest expense 5,000,000 Average total assets Determine the return on total assets. (Round percentages to one decimal place.) Long-Term Solvency Analysis The following information was taken from Charu Company's balance sheet: Fixed assets (net) $860,000 Long-term liabilities 200,000 Total liabilities 600,000 Total stockholders' equity 250,000 Determine the company's (a) ratio of fixed assets to long-term liabilities and...
Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 19,000 $...
Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 19,000 $ 35,000 Accounts receivable, net 37,400 54,400 Merchandise inventory 84,340 134,500 Prepaid expenses 5,800 7,600 Plant assets, net 320,000 305, 400 Total assets $466,540 $536,900 Barco Kyan Company Company Data from the current year's income statement Sales $ 790,000 $901,200 cost of goods sold 591 100 640, 500 Interest expense 8,500 16,000 Income tax expense 15 185 24,879 Net income 175, 215 219,821 Basic earnings...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; co...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; common stock, $90,000: and retained earnings, $22748.) CABOT CORPORATION Income Statement For Year Ended Decenber 31, 2017 ts Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tares Net income $448, 600 297, 250 151, 350 98, 600 4, 100 48, 650 19, 598 $ 29, 052...
.1) Profit Margin (PM) .2) Retention ratio (R) .3) return on assets (ROA) .4) Return on...
.1) Profit Margin (PM)
.2) Retention ratio (R)
.3) return on assets (ROA)
.4) Return on equity (ROE)
.5) DEBT equity ratio (D/E)
.6) Use the ratios computed to calculate the external financing
needed (EFN)
The most recent income statement and balance sheet for the T. McGraw Corporation are as follows: T. MCGRAW CORPORATION Financial Statements Income Statement Sales - Costs Taxable Income - Taxes (34%) Net Income $10,000 7,500 $ 2,500 850 $ 1,650 Retained earnings Dividends $ 660...
Need help on the numerator & denominator
Required information [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INC Comparative Balance Sheets June 30, 2019 and 2018 2019 2018 Assets $ 94,300 $ 66,000 73,000 119,500 9,800 268,300 137,000 Cash Accounts receivable, net Inventory Prepaid expenses 98,000 85,800 6,600 284,700 146,000 (38,000) Total current assets Equipment Accum. depreciation-Equipment (20,000) $385,300 $392,700 Total assets Liabilities and Equity Accounts payable Wages payable...
Find the current ratio and show the numerator and denominator
in ratio calculation
Assets Cash Accounts Recievable $15,230 6,410 $21,640 Current Assets Land Building Furniture and Fixes Projection Equipment 25,000 34,000 60,000 26,000 2Long-term Assets 3 Total Assets $145,000 $166,640 5 Current Liabilites 6 Accounts Payable 7 Notes Payable 8 Salaries and wages pay 19 20 Total Liabilities 21 22 Owners Equity 23 Common Stock 24 Retained Earnings 25 Total Equity 26 $15,600 20,000 2,000 $37,600 60,000 69,040 129,040 27...
Question 6 The denominator of the rate of return on total assets ratio is the average total assets. a. False b. True
Check The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form, plus some information from the cash flow statement. 2019 $ 647,992 48,021 349, 452 113,335 1,158,800 574,332 $1,733,132 $ 475,402 510,245 1, 222,887 $1,733, 132 2018 $ 762,044 42,010 401,514 115,920 1,321,488 621,982 $1,943, 470 $ 456,401 522,886 1,420,584 $1,943, 470 2017 $ 751,693 40,121 318,208 98,388 1, 208,410 568,302 $1,776,712 404,837 422,241 1,354, 471 $1,776,712 Balance Sheet Cash and short-term investments Accounts...
Return on total assets A company reports the following income statement and balance sheet information for the current year $410,000 Net income 90,000 Interest expense 5,000,000 Average total assets Determine the return on total assets. (Round percentages to one decimal place.) Long-Term Solvency Analysis The following information was taken from Charu Company's balance sheet: Fixed assets (net) $860,000 Long-term liabilities 200,000 Total liabilities 600,000 Total stockholders' equity 250,000 Determine the company's (a) ratio of fixed assets to long-term liabilities and...
Barco Kyan Company Company Data from the current year-end balance sheets Assets Cash $ 19,000 $ 35,000 Accounts receivable, net 37,400 54,400 Merchandise inventory 84,340 134,500 Prepaid expenses 5,800 7,600 Plant assets, net 320,000 305, 400 Total assets $466,540 $536,900 Barco Kyan Company Company Data from the current year's income statement Sales $ 790,000 $901,200 cost of goods sold 591 100 640, 500 Interest expense 8,500 16,000 Income tax expense 15 185 24,879 Net income 175, 215 219,821 Basic earnings...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; common stock, $90,000: and retained earnings, $22748.) CABOT CORPORATION Income Statement For Year Ended Decenber 31, 2017 ts Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tares Net income $448, 600 297, 250 151, 350 98, 600 4, 100 48, 650 19, 598 $ 29, 052...
.1) Profit Margin (PM)
.2) Retention ratio (R)
.3) return on assets (ROA)
.4) Return on equity (ROE)
.5) DEBT equity ratio (D/E)
.6) Use the ratios computed to calculate the external financing
needed (EFN)
The most recent income statement and balance sheet for the T. McGraw Corporation are as follows: T. MCGRAW CORPORATION Financial Statements Income Statement Sales - Costs Taxable Income - Taxes (34%) Net Income $10,000 7,500 $ 2,500 850 $ 1,650 Retained earnings Dividends $ 660...
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