Total assets Total shareholders' equity Net sales Cost of goods sold Net income 2018 $357,000 136,000...
Exercise 14-11 The following selected information is for Macaron Corporation: Total assets Total shareholders' equity Net sales Cost of goods sold Net income 2018 $353,000 134,500 501,000 365,000 33,400 2017 $281,000 100,000 402,000 287,000 29,700 2016 $272,000 51,500 302,000 185,000 20,300 Macaron had no preferred shares. x Your answer is incorrect. Try again. Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity ratios for 2018 and 2017. 2.6. Round asset turnover...
2018 2017 Income Statement Information Sales revenue Cost of goods sold Net income $ $ 10,440,000 6,827,760 360,000 8,400,000 5,900,000 248,000 Balance Sheet Information Current assets Long-term assets $ 1,600,000 2,200,000 $ 1,500,000 1,900,000 Total assets $ 3,800,000 $ 3,400,000 $ Current liabilities Long-term liabilities Common stock Retained earnings 1.200,000 1,500,000 800,000 300,000 900.000 1,500,000 800,000 200,000 Total liabilities and stockholders' equity 3,800,000 $ 3,400,000 Required: 1. Calculate the following profitability ratios for 2018 (Round your answers to 1 decimal...
The 2021 Income statement of Adrian Express reports sales of $20,310.000, cost of goods sold of $12.500,000. and net Income of $1,900,000. Balance sheet Information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2e20 Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Connon stock Retained earnings Total liabilities and stockholders' equity $ 900.00 $ 910,000 1,725, eee1 .175.000 2,175,08 1,625,000 5.ee8,688...
Generation X Corp has $80 equity in 2018 and $100 of total assets at the end of the year. Which one of the ratios below best reflects this relationship? Profit Margin Return on Assets Total Asset Turnover Inventory Turnover Equity Multiplier
The 2021 income statement for Anderson TV and Appliance reported net sales of $360,000 and net income of $85,000. Average total assets for 2021 was $800,000. Shareholders’ equity at the beginning of the year was $500,000 and $40,000 was paid to shareholders as dividends. There were no other shareholders’ equity transactions that occurred during the year. Show the DuPont framework's calculation of the three components of the 2021 return on equity for Anderson TV and Appliance. Profit Margin (%) Choose...
Condensed statement of financial position and income statement data for Elkhardt Ltd. are shown below: ELKHARDT LTD. Statement of Financial Position December 31 (in thousands) 2018 2017 2016 Assets Current assets Cash $29 $79 $199 Accounts receivable 898 706 502 Inventory 1,198 798 498 Total current assets 2,125 1,583 1,199 Property, plant, and equipment (net) 4,124 3,777 3,168 Total assets $6,249 $5,360 $4,367 Liabilities and Shareholders’ Equity Liabilities Current liabilities $600 $547 $502 Non-current liabilities 3,044 2,307 1,505 Total liabilities...
Brief Exercise 5-10 In 2018, Modder Corporation reported net sales of $250,000, cost of goods sold of $137,500, operating expenses of $50,000, and income tax expense of $20,000. In 2017, it reported net sales of $200,000, cost of goods sold of $114,000, operating expenses of $40,000, other revenu $10,000, and income tax expense of $15,000. Calculate the gross profit and net income for each year. 2018 2017 Gross profit $ Net income Calculate the gross profit margin and profit margin...
In 2018, Martinez Corporation reported net sales of $232,900, cost of goods sold of $139,700, operating expenses of $45,500, and income tax expense of $21,600. In 2017, it reported net sales of $213,000, cost of goods sold of $103,700, operating expenses of $39,000, other revenues of $10,300, and income tax expense of $13,700. Calculate the gross profit and net income for each year. 2018 2017 Gross profit Net income $ LINK TO TEXT LINK TO TEXT Calculate the gross profit...
Brad's BBQ reported sales of $810,000 and net income of $35,500. Brad's also reported ending total assets of $501,000 and beginning total assets of $394,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad's BBQ. Return on Assets Choose Numerator - Choose Denominator Return on Assets Return on assets .
Sandhill, Inc., has net income of $13,020,000 on net sales of $372,000,000.The company has total assets of $124,000,000 and stockholders' equity of $50,000,000. Use the extended DuPont identity to find the return on assets and return on equity for the firm. (Round answers to 2 decimal places, e.g. 12.25 or 12.25%.) Profit margin Total assets turnover times ROA ROE