Homework Answers
1) Calculate following
| 2018 | 2019 | |||
| a | Gross profit margin | Gross profit/Sales | 1310201/1930048 = 67.88% | 1376039/1997502 = 68.89% |
| b | Operating margin | Operating income/Sales | 714975/1930048 = 37.04% | 798670/1997502 = 39.98% |
| c | Net profit margin | Net profit/Sales | 709125/1930048 = 36.74% | 814643/1997502 = 40.78% |
| d | Account receivable turnover | Sales/Average receivable | 1930048/186570.50 = 10.34 | 1997502/195732.50 = 10.21 |
2) Improving
Add Answer to:
2019 2017 2018 (in thousands) $2,004,719 Gross sales Less: Sales discounts 4,811 $1,937,021 $1,835,987 4,6494 ,406...
Problem 5-87A (Algorithmic) Ratio Analysis Selected information from Bigg Company's financial statements follows: Gross sales Less:...
Problem 5-87A (Algorithmic) Ratio Analysis Selected information from Bigg Company's financial statements follows: Gross sales Less: Sales discounts Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expenses) Net income Fiscal Year Ended December 31 2019 2018 2017 (in thousands) $2,004,719 $1,937,021 $1,835,987 4,811 4,649 4,406 2,406 2,324 2,203 $1,997,502 $1,930,048 $1,829,378 621,463 619,847 660,955 $1,376,039 $1,310,201 $1,168,423 577,369 595,226 583,555 $798,670 $714,975 $584,868 15,973 (5,910) (8,773) $814,643 $709,065 $576,095...
Change in $ For the period ending March REVENUES (thousands) 2018 Actual 2019 Actual 2018 2019...
Change in $ For the period ending March REVENUES (thousands) 2018 Actual 2019 Actual 2018 2019 Common Size Common Size Change in % % (nearest tenth %) $ Net Sales Less: Cost of goods sold 175,222 $ 132,245 42,977 178,221 140,211 38,010 Gross Profit EXPENSES Operating Expenses Advertising Office Utilities 1,325 1,253 3,255 3,972 Selling 1,522 1,324 3,661 4,312 10,819 27,191 9,805 Total Operating Expense Operating Income 33,172 Other Income (Expense) Other income (expense) 895 952 Total other income (expense)...
2019 2018 2017 2016 2015 Sales $ 556,950 $ 368,841 $ 290,426 $ 200,294 $ 146,200...
2019 2018 2017 2016 2015 Sales $ 556,950 $ 368,841 $ 290,426 $ 200,294 $ 146,200 Cost of goods sold 286,545 189,809 151,417 104,100 74,562 Accounts receivable 27,012 21,503 19,836 11,737 10,029 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: Choose Numerator: / Choose Denominator: / = Trend percent 2019: / = % 2018: / = % 2017: / = % 2016: / = % Trend Percent for Cost of...
HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2019–2013 ($ thousands) 2019 2018 2017...
HAROUN COMPANY Comparative Income Statements For Years Ended December 31, 2019–2013 ($ thousands) 2019 2018 2017 2016 2015 2014 2013 Sales $ 2,778 $ 2,433 $ 2,214 $ 2,029 $ 1,893 $ 1,760 $ 1,443 Cost of goods sold 1,997 1,625 1,398 1,223 1,137 1,063 847 Gross profit 781 808 816 806 756 697 596 Operating expenses 595 465 427 315 273 269 224 Net income $ 186 $ 343 $ 389 $ 491 $ 483 $ 428 $ 372...
Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 $ 620,481 $ 408, 211...
Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 $ 620,481 $ 408, 211 $ 331,879 $ 225,768 $ 318,945 209,888 172,408 1 17,092 30,031 23,799 22,734 13,230 2015 163,600 83,436 11,190 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: | Choose Denominator: Choose Numerator: Trend percent 2019: 2018: 2017: 2016: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: 1 = Trend percent 2019:...
Solve the Average Merchandise Inventory and Inventory Turnover for 2017, 2018, and 2019. 2018 $ 2017...
Solve the Average Merchandise Inventory and Inventory Turnover
for 2017, 2018, and 2019.
2018 $ 2017 $ $ 214,000 166,000 177,000 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale $ $ 26,000 140,000 $ 31,000 106,000 47,000 92,000 166,000 35,000 137,000 26,000 139,000 31,000 Less: Ending Merchandise Inventory Cost of Goods Sold 131,000 111,000 108,000 Gross Profit Operating Expenses 83,000 57,000 26,000 55,000 30,000 25,000 69,000 30,000 39,000...
Brief Exercise 5-10 In 2018, Modder Corporation reported net sales of $250,000, cost of goods sold...
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,...
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...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating...
0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes (amounts in thousands) 2017 211,400 $ 182,910 105,000 96,000 106,400 $ 86,910 53,000 46,000 53.400 $ 40,910 5.385 6,459 48,015 $ 34,451 22.617 16. 160 Print Done i Income statement JJUJ 0,435 LESS. Merest expense Income before income taxes 48,015 $ 22,647 25,368 $ 34,451 16,160 Less: Income tax expense Net income 18,291 Additional...
Problem 5-87A (Algorithmic) Ratio Analysis Selected information from Bigg Company's financial statements follows: Gross sales Less: Sales discounts Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses Operating income Other income (expenses) Net income Fiscal Year Ended December 31 2019 2018 2017 (in thousands) $2,004,719 $1,937,021 $1,835,987 4,811 4,649 4,406 2,406 2,324 2,203 $1,997,502 $1,930,048 $1,829,378 621,463 619,847 660,955 $1,376,039 $1,310,201 $1,168,423 577,369 595,226 583,555 $798,670 $714,975 $584,868 15,973 (5,910) (8,773) $814,643 $709,065 $576,095...
Change in $ For the period ending March REVENUES (thousands) 2018 Actual 2019 Actual 2018 2019 Common Size Common Size Change in % % (nearest tenth %) $ Net Sales Less: Cost of goods sold 175,222 $ 132,245 42,977 178,221 140,211 38,010 Gross Profit EXPENSES Operating Expenses Advertising Office Utilities 1,325 1,253 3,255 3,972 Selling 1,522 1,324 3,661 4,312 10,819 27,191 9,805 Total Operating Expense Operating Income 33,172 Other Income (Expense) Other income (expense) 895 952 Total other income (expense)...
Sales Cost of goods sold Accounts receivable 2019 2018 2017 2016 $ 620,481 $ 408, 211 $ 331,879 $ 225,768 $ 318,945 209,888 172,408 1 17,092 30,031 23,799 22,734 13,230 2015 163,600 83,436 11,190 Compute trend percents for the above accounts, using 2015 as the base year. Trend Percent for Net Sales: | Choose Denominator: Choose Numerator: Trend percent 2019: 2018: 2017: 2016: Trend Percent for Cost of Goods Sold: 1 Choose Denominator: Choose Numerator: 1 = Trend percent 2019:...
Solve the Average Merchandise Inventory and Inventory Turnover
for 2017, 2018, and 2019.
2018 $ 2017 $ $ 214,000 166,000 177,000 Net Sales Revenue Cost of Goods Sold: Beginning Merchandise Inventory Net Cost of Purchases Cost of Goods Available for Sale $ $ 26,000 140,000 $ 31,000 106,000 47,000 92,000 166,000 35,000 137,000 26,000 139,000 31,000 Less: Ending Merchandise Inventory Cost of Goods Sold 131,000 111,000 108,000 Gross Profit Operating Expenses 83,000 57,000 26,000 55,000 30,000 25,000 69,000 30,000 39,000...
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...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
0 Income statement 2016 2015 Sales revenues Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes (amounts in thousands) 2017 211,400 $ 182,910 105,000 96,000 106,400 $ 86,910 53,000 46,000 53.400 $ 40,910 5.385 6,459 48,015 $ 34,451 22.617 16. 160 Print Done i Income statement JJUJ 0,435 LESS. Merest expense Income before income taxes 48,015 $ 22,647 25,368 $ 34,451 16,160 Less: Income tax expense Net income 18,291 Additional...
Most questions answered within 3 hours.
-
You are planning for retirement. You plan to work for 20 years.
Starting a year from...
asked 3 minutes ago -
which of the following is capital?
the barn a farmer uses to hold the chickens he...
asked 5 minutes ago -
10. Two forces act on a 3 kg object, the gravitational force and
a second, constant...
asked 16 minutes ago -
Dividing Partnership Net Loss
Leigh Meadows and Byron Leef formed a partnership in which the
partnership...
asked 12 minutes ago -
Discuss how Entrepreneurial leadership style differs
from traditional leadership?
asked 38 minutes ago -
A futuristic design for a car is to have a large solid
disk-shaped flywheel within the...
asked 36 minutes ago -
Solid NaOH is added to a solution of 0.50 M acetic acid until
the pH of...
asked 39 minutes ago -
Which of the following statements is not a characteristic of the
Internal Revenue Code?
A) The...
asked 47 minutes ago -
Say true or false and explain it.
A heap is represented using an array. The array...
asked 57 minutes ago -
Explain how the DNA replication enzyme complex is organized and
functions, please don't copy paste from...
asked 56 minutes ago -
how
can personality contribute to one scoring high on the need to
evaluate measurement by Jarvis?
asked 58 minutes ago -
A high jumper is attempting to jump over a crossbar that is
placed at a height...
asked 1 hour ago