Homework Answers
1. Return on assets = Net income / Average assets
= 6440/(23768+32497)/2 = 22.89%
2. Cash return on assets = operating cash flows / average assets
= 9308/(23768+32497)/2 = 33.09%
3. Cash flow to sales = operating cash flow / sales
= 9308/22851 = 0.41
4. Assets turnover = sales / average assets
= 22851/(23768+32497)/2 = 0.81 times
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Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place....
Check my worl Zoogle has the following selected data ($ in millions): (Round your answers to...
Check my worl Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) points $23,551 6,510 Net sales Net income Operating cash flows Total assets, beginning Total assets, ending 9, 315 30, 768 39, 497 eBook Hint References Required: 1. Calculate the return on assets. (s in millions) Return on Assets Zoogle Check 2. Calculate the cash return on assets. points ($...
1.2. Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement...
1.2.
Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales $1,775,000 Expenses: Cost of goods sold $1,040,000 Operating expenses 550,000 Depreciation expense 49,000 Income tax expense 39,000 Total expenses 1,678,000 Net income $ 97,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 $ 101,000 46,100 74,000 2,900 44,000 4,900 2020...
value: 2.00 points Problem 11-5A Calculate and analyze ratios (LO11-4) Cyberdyne Systems and Virtucon are competitors...
value: 2.00 points Problem 11-5A Calculate and analyze ratios (LO11-4) Cyberdyne Systems and Virtucon are competitors focusing on the latest technologies. Selected financial data is provided below: (Enter your answers in millions rounded to 1 decimal place. (.e., $5,500,000 should be entered as 5.5.)) ($ in millions) Net sales Net income Operating cash flows Total assets, beginning Total assets, ending Cyberdyne Virtucon $ 37,905 $ 4,984 9,737 1,049 14,5651,324 57,851 14,928 72,574 14,783 Required: 1. Calculate the return on assets...
Surf's Up, a manufacturer of surfing supplies and training equipment, has the following selected data ($ in millions):...
Surf's Up, a manufacturer of surfing supplies and training equipment, has the following selected data ($ in millions): Surf's Up Selected balance sheet data 2021 Total assets $ 747 Total liabilities 618 Total stockholders' equity 129 2020 $ 738 520 218 Surf's Up Selected income statement data 2021 Sales revenue $815 Interest expense 17 Tax expense Net income 56 34 Based on these amounts, calculate the following ratios for 2021: (Do not round intermediate calculations. Round all final answers to...
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net...
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 $408,214 45,583 304,657 15,101 79,607 707 2,065 (94) (411) 1,384 7,139 $ 2.488 $ 14,335 Net income Current assets Noncurrent assets Total assets Current liabilities Balance Sheet Data (End of Year) $18.424 $48.331 26.109 122.375 $44,533...
Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) 2.5...
Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) 2.5 points Total assets Total liabilities Total stockholders' equity Bahama Bay 2021 2020 $9,603 $9,522 8,032 7,496 1,571 2,026 Caribbean Key 2021 2020 $ 8,803 $8,842 7,473 7,463 1,330 1,379 eBook Ask Sales revenue Interest expense Tax expense Net income $5,857 195 71 319 $12,829 153 345 352 Print References Required: 1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for...
3 Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions)....
3 Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 $408,214 45,583 304,657 15.101 79,607 707 2.065 (94) (411) 1,384 7.139 $2,488 $ 14,335 Balance...
Western World has the following selected data ($ in millions): 2021 2020 Balance sheet data Total...
Western World has the following selected data ($ in millions): 2021 2020 Balance sheet data Total assets Total liabilities Total stockholders' equity $2,511 1,685 826 $2,315 1,525 790 $ 3.45 Income statement data Sales Interest expense Tax expense Net income 786 77 32 80 ok Based on these amounts, calculate the following ratios for Western World in 2021: (Round your answers to 2 decimal place 1. Debt to equity ratio 2. Return on assets ratio 3. Times interest eamed ratio...
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net...
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 $408,214 45,583 304,657 15,101 79,607 707 2,065 (94) (411) 1,384 7.139 $ 2,488 $ 14,335 Balance...
Question 10 Gildan Activewear Inc. reported the following selected financial information (all in U.S. $ millions):...
Question 10 Gildan Activewear Inc. reported the following selected financial information (all in U.S. $ millions): net sales of $2,415 in 2015, $2,360 in 2014, and $2,184 in 2013. The company also reported net income of $237 in 2015, $360 in 2014, and $320 in 2013. Assets at the end of 2015 were $2,911; at the end of 2014, $2,593; and at the end of 2013, $2,044. Calculate Gildan's asset turnover, profit margin, and return on assets for 2015 and...
Check my worl Zoogle has the following selected data ($ in millions): (Round your answers to 2 decimal place. Enter your answers in millions (i.e., $10,110,000 should be entered as 10.11).) points $23,551 6,510 Net sales Net income Operating cash flows Total assets, beginning Total assets, ending 9, 315 30, 768 39, 497 eBook Hint References Required: 1. Calculate the return on assets. (s in millions) Return on Assets Zoogle Check 2. Calculate the cash return on assets. points ($...
1.2.
Portions of the financial statements for Peach Computer are provided below. PEACH COMPUTER Income Statement For the year ended December 31, 2021 Net sales $1,775,000 Expenses: Cost of goods sold $1,040,000 Operating expenses 550,000 Depreciation expense 49,000 Income tax expense 39,000 Total expenses 1,678,000 Net income $ 97,000 PEACH COMPUTER Selected Balance Sheet Data December 31 Increase (I) or Cash Accounts receivable Inventory Prepaid rent Accounts payable Income tax payable 2021 $ 101,000 46,100 74,000 2,900 44,000 4,900 2020...
value: 2.00 points Problem 11-5A Calculate and analyze ratios (LO11-4) Cyberdyne Systems and Virtucon are competitors focusing on the latest technologies. Selected financial data is provided below: (Enter your answers in millions rounded to 1 decimal place. (.e., $5,500,000 should be entered as 5.5.)) ($ in millions) Net sales Net income Operating cash flows Total assets, beginning Total assets, ending Cyberdyne Virtucon $ 37,905 $ 4,984 9,737 1,049 14,5651,324 57,851 14,928 72,574 14,783 Required: 1. Calculate the return on assets...
Surf's Up, a manufacturer of surfing supplies and training equipment, has the following selected data ($ in millions): Surf's Up Selected balance sheet data 2021 Total assets $ 747 Total liabilities 618 Total stockholders' equity 129 2020 $ 738 520 218 Surf's Up Selected income statement data 2021 Sales revenue $815 Interest expense 17 Tax expense Net income 56 34 Based on these amounts, calculate the following ratios for 2021: (Do not round intermediate calculations. Round all final answers to...
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 $408,214 45,583 304,657 15,101 79,607 707 2,065 (94) (411) 1,384 7,139 $ 2.488 $ 14,335 Net income Current assets Noncurrent assets Total assets Current liabilities Balance Sheet Data (End of Year) $18.424 $48.331 26.109 122.375 $44,533...
Selected financial data for Bahama Bay and Caribbean Key are as follows: ($ in millions) 2.5 points Total assets Total liabilities Total stockholders' equity Bahama Bay 2021 2020 $9,603 $9,522 8,032 7,496 1,571 2,026 Caribbean Key 2021 2020 $ 8,803 $8,842 7,473 7,463 1,330 1,379 eBook Ask Sales revenue Interest expense Tax expense Net income $5,857 195 71 319 $12,829 153 345 352 Print References Required: 1-a. Calculate the debt to equity ratio for Bahama Bay and Caribbean Key for...
3 Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 $408,214 45,583 304,657 15.101 79,607 707 2.065 (94) (411) 1,384 7.139 $2,488 $ 14,335 Balance...
Western World has the following selected data ($ in millions): 2021 2020 Balance sheet data Total assets Total liabilities Total stockholders' equity $2,511 1,685 826 $2,315 1,525 790 $ 3.45 Income statement data Sales Interest expense Tax expense Net income 786 77 32 80 ok Based on these amounts, calculate the following ratios for Western World in 2021: (Round your answers to 2 decimal place 1. Debt to equity ratio 2. Return on assets ratio 3. Times interest eamed ratio...
Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year $65,357 $408,214 45,583 304,657 15,101 79,607 707 2,065 (94) (411) 1,384 7.139 $ 2,488 $ 14,335 Balance...
Question 10 Gildan Activewear Inc. reported the following selected financial information (all in U.S. $ millions): net sales of $2,415 in 2015, $2,360 in 2014, and $2,184 in 2013. The company also reported net income of $237 in 2015, $360 in 2014, and $320 in 2013. Assets at the end of 2015 were $2,911; at the end of 2014, $2,593; and at the end of 2013, $2,044. Calculate Gildan's asset turnover, profit margin, and return on assets for 2015 and...
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