Homework Answers
1
Fixed Asset turnover ratio=Sales/Net Fixed Asset =$15000000/$32500000=.46
2
Time Interest Earned Ratio =TIE =earnings before interest and taxes (EBIT)/Interest Expense
=$5,000,000/1,500,000=3.33 Times
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Answer 1&2 plz
Ecologic Co. Ltd's income statement is given below: Sales Operating costs excluding D&A...
1) Based on the balance sheet and income statement information given below, calculate the following financial...
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $600,000 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) $5,925,000 $9,000,000 Liabilities: Accounts payable Notes payable...
1) Based on the balance sheet and income statement information given below, calculate the following financial...
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $600,000 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) $5,925,000 $9,000,000 Liabilities: Accounts payable Notes payable...
Module 2 Assignment ABC Inc. 2020 sales are $1,000,000. Operating costs (excluding depreciation) are 65% of...
Module 2 Assignment ABC Inc. 2020 sales are $1,000,000. Operating costs (excluding depreciation) are 65% of sales. Net fixed assets are $195,000. Depreciation amounted to 12% of net fixed assets. Interest expenses are $105,000. The tax bill must be calculated using the corporate income tax table in the text, and ABC Inc. paid 8% of net income in dividends. Prepare ABC Inc.’s income statement for 2018: ABC Inc. Income Statement 2020 Sales Operating costs (excluding depreciation) EBITDA Depreciation EBIT Interest...
Calculate the RATIO of the following: Marnus Inc Income Statement For the Financial Year ended 12/31/19...
Calculate the RATIO of the following:
Marnus Inc Income Statement For the Financial Year ended 12/31/19 $150,000,000 ($130,000,000) $20,000,000 12/31/18 $140,000,000 ($123,000,000) $17,000,000 $9,000,000 $10,000,000 Statement values in 000's Period Ending: Total Revenue (Net Revenue) Cost of Revenue (COGS) Gross Profit Operating Expenses Sales, General and Admin. Other Operating Items Total Operating Exp Operating Income (or loss) Interest Expense Earnings Before Tax Income Tax Net Income (or loss) $0 $0 | ($9,000,000) $11,000,000 ($1,000,000) $10,000,000 ($5,000,000) $5,000,000 ($10,000,000) $7,000,000 ($800,000)...
Calculate the ratio of the following: Marnus Inc Income Statement For the Financial Year ended 12/31/19...
Calculate the ratio of the following:
Marnus Inc Income Statement For the Financial Year ended 12/31/19 $150,000,000 ($130,000,000) $20,000,000 12/31/18 $140,000,000 ($123,000,000) $17,000,000 $9,000,000 $10,000,000 Statement values in 000's Period Ending: Total Revenue (Net Revenue) Cost of Revenue (COGS) Gross Profit Operating Expenses Sales, General and Admin. Other Operating Items Total Operating Exp Operating Income (or loss) Interest Expense Earnings Before Tax Income Tax Net Income (or loss) $0 $0 | ($9,000,000) $11,000,000 ($1,000,000) $10,000,000 ($5,000,000) $5,000,000 ($10,000,000) $7,000,000 ($800,000)...
The financial statements of Snapit Company are given below. Snapit Company Income Statement (2009) Sales $...
The financial statements of Snapit Company are given below. Snapit Company Income Statement (2009) Sales $ 4,000,000 Cost of goods sold 3,040,000 Gross profit 960,000 Selling & administrative expenses 430,000 Operating profit 530,000 Interest expense 160,000 Income before tax 370,000 Tax expense 148,000 Net income $ 222,000 Balance Sheet 2009 2008 Cash $ 60,000 $ 50,000 Accounts receivable 550,000 500,000 Inventory 690,000 620,000 Total current assets $ 1,300,000 $ 1,170,000 Fixed assets 1,300,000 1,230,000 Total assets $ 2,600,000 $ 2,400,000...
Balance Sheet (Millions) Income Statement (Millions) Assets Cash 1,290 Net Sales 51,600 Receivables 9,890 Operating Costs...
Balance Sheet (Millions) Income Statement (Millions) Assets Cash 1,290 Net Sales 51,600 Receivables 9,890 Operating Costs 48,246 Inventory 13,760 Depreciation 903 PP&E 18,060 EBIT 2,451 Total Assets 43,000 Interest 927 EBT 1,524 Liabilities and OE Taxes 534 Accounts Payable 8,170 Net Income 990 Notes Payable 6,677 Wages Payable 4,073 Other Data Long Term Bonds 8,815 Shares Outstanding (millions) 750 Total Equity 15,265 Dividends (millions) $346.67 Calculate the TIE ratio. Show work for credit.
Sheet (Millions) Income Statement (Millions) Assets Cash 1,290 Net Sales 51,600 Receivables 9,890 Operating Costs 48,246...
Sheet (Millions) Income Statement (Millions) Assets Cash 1,290 Net Sales 51,600 Receivables 9,890 Operating Costs 48,246 Inventory 13,760 Depreciation 903 PP&E 18,060 EBIT 2,451 Total Assets 43,000 Interest 927 EBT 1,524 Liabilities and OE Taxes 534 Accounts Payable 8,170 Net Income 990 Notes Payable 6,677 Wages Payable 4,073 Other Data Long Term Bonds 8,815 Shares Outstanding (millions) 750 Total Equity 15,265 Common Dividends (millions) $346.67 Total Liabilities and OE 43,000 Current Interest Rate 6.25% Tax rate 35% Stock Price $35...
Complete the excel. INCOME STATEMENT 1 Sales 2 COGS 3 Depreciation expense 4 Total operating costs...
Complete the excel.
INCOME STATEMENT 1 Sales 2 COGS 3 Depreciation expense 4 Total operating costs 5 EBIT 6 Less interest 7 Earnings before taxes (EBT) 8 Taxes (40%) 11 Net Income 12 Shares of common equity 13 Dividends per share 14 Dividends to common 15 Additions to retained earnings Actual 2016 $ 7,500.00 $ 5,625.00 375.00 6,000.00 1,500.00 63.00 1,437.00 574.80 862.20 62.50 $ 2.50 $ 156.25 $ 705.95 Actual 2016 30.00 543.75 787.50 1,361.25 1,350.00 2,711.25 BALANCE SHEET...
The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 Sales Costs EBIT...
The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 Sales Costs EBIT Interest expense Taxable income Taxes (at 21%) Net income Dividends $17,380 Addition to retained earnings $17,380 $210,000 155,000 $ 55,000 11,000 $ 44,000 9,240 $ 34,760 Assets Current assets Cash Accounts receivable Inventories Total current assets Net plant and equipment $ 11,000 $ 11,000 110,000 BALANCE SHEET, YEAR-END, 2019 Liabilities Current liabilities $ 4,000 Accounts payable 9,000 Total current liabilities 27,000 Long-term debt $...
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $600,000 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) $5,925,000 $9,000,000 Liabilities: Accounts payable Notes payable...
1) Based on the balance sheet and income statement information
given below, calculate the following financial ratios and explain
briefly what the number you calculated means:
a) Current ratio
b) Acid-test ratio
c) Days in receivables
d) Debt ratio
e) Return on equity
Assets: Cash and marketable securities Accounts receivable Inventories Prepaid expenses Total current assets Fixed assets Less: accum. depr. Net fixed assets Total assets $600,000 900,000 1,500,000 75,000 $3,075,000 8,000,000 (2,075,000) $5,925,000 $9,000,000 Liabilities: Accounts payable Notes payable...
Calculate the RATIO of the following:
Marnus Inc Income Statement For the Financial Year ended 12/31/19 $150,000,000 ($130,000,000) $20,000,000 12/31/18 $140,000,000 ($123,000,000) $17,000,000 $9,000,000 $10,000,000 Statement values in 000's Period Ending: Total Revenue (Net Revenue) Cost of Revenue (COGS) Gross Profit Operating Expenses Sales, General and Admin. Other Operating Items Total Operating Exp Operating Income (or loss) Interest Expense Earnings Before Tax Income Tax Net Income (or loss) $0 $0 | ($9,000,000) $11,000,000 ($1,000,000) $10,000,000 ($5,000,000) $5,000,000 ($10,000,000) $7,000,000 ($800,000)...
Calculate the ratio of the following:
Marnus Inc Income Statement For the Financial Year ended 12/31/19 $150,000,000 ($130,000,000) $20,000,000 12/31/18 $140,000,000 ($123,000,000) $17,000,000 $9,000,000 $10,000,000 Statement values in 000's Period Ending: Total Revenue (Net Revenue) Cost of Revenue (COGS) Gross Profit Operating Expenses Sales, General and Admin. Other Operating Items Total Operating Exp Operating Income (or loss) Interest Expense Earnings Before Tax Income Tax Net Income (or loss) $0 $0 | ($9,000,000) $11,000,000 ($1,000,000) $10,000,000 ($5,000,000) $5,000,000 ($10,000,000) $7,000,000 ($800,000)...
Complete the excel.
INCOME STATEMENT 1 Sales 2 COGS 3 Depreciation expense 4 Total operating costs 5 EBIT 6 Less interest 7 Earnings before taxes (EBT) 8 Taxes (40%) 11 Net Income 12 Shares of common equity 13 Dividends per share 14 Dividends to common 15 Additions to retained earnings Actual 2016 $ 7,500.00 $ 5,625.00 375.00 6,000.00 1,500.00 63.00 1,437.00 574.80 862.20 62.50 $ 2.50 $ 156.25 $ 705.95 Actual 2016 30.00 543.75 787.50 1,361.25 1,350.00 2,711.25 BALANCE SHEET...
The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 Sales Costs EBIT Interest expense Taxable income Taxes (at 21%) Net income Dividends $17,380 Addition to retained earnings $17,380 $210,000 155,000 $ 55,000 11,000 $ 44,000 9,240 $ 34,760 Assets Current assets Cash Accounts receivable Inventories Total current assets Net plant and equipment $ 11,000 $ 11,000 110,000 BALANCE SHEET, YEAR-END, 2019 Liabilities Current liabilities $ 4,000 Accounts payable 9,000 Total current liabilities 27,000 Long-term debt $...
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