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Use the following information to determine:
a.) the operating return on assets (%)
b.) days in...
(Computing ratios) Use the information from the balance sheet and income statement in the popup window,...
(Computing ratios) Use the information from the balance sheet and income statement in the popup window, to calculate the following ratios: a. Current ratio b. Acid-test ratio c. Times interest earned d. Inventory turnover e. Total asset turnover f. Operating profit margin g. Days in receivables h. Operating return on assets i. Debt ratio j. Return on equity k. Fixed asset turnover a. The current ratio is X. (Round to two decimal places.) Cash Accounts receivable Inventory 99,000 31,000 50,000...
Sales Revenues Cost of Goods Sold Gross Profit s 1,000 600 400 Depreciation Expense Other Operating...
Sales Revenues Cost of Goods Sold Gross Profit s 1,000 600 400 Depreciation Expense Other Operating Expenses S 100 50 Total Operating Expenses Earnings Before Interest& Taxes (EBIT) Interest Expense Eamings Before Taxes Income Tax Expense Net Income 150 250 50 200 100 S 100 Beginning Owner's Equity Net Income Dividends Ending Owner's Equity s 2,950 100 50 S 3,000 Cash Receivables Inventory s 1,000 100 900 Current Assets Long-Term Assets Total Assets s 2,000 7,000 S 9,000 Current Liabilities...
eu Business School BCO 222 Assignment # 1: Measuring Cash Flows Given the following information for the Manhattan C...
eu Business School BCO 222 Assignment # 1: Measuring Cash Flows Given the following information for the Manhattan Corporation: Prepare a statement of cash flows for 2018. Manhattan Corporation Balance Sheet for December 31, 2017 and 2018 (in dollars) 2017 2018 Cash 89,000 100,000 Account receivable 64,000 70,000 Inventories 112,000 100,000 10,000 Other current assets 10,000 Total current assets 275,000 238.000 (40,000) 198,000 473,000 280,000 Building and equipment Less: accumulated depreciation Total net fixed assets 311.000 (66,000) 245,000 525,000 Total...
The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS...
The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2021 Net sales $3,046,000 Cost of goods sold 1,952,000 Gross profit 1,094,000 Expenses: Operating expenses $860,000 Depreciation expense 28,000 Loss on sale of land 8,200 Interest expense 16,000 Income tax expense 50,000 Total expenses 962,200 Net income $ 131,800 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 $ 188,000 83,000 107,000 12,200 $146,000 62,000 137,000...
Compute the following: (9) return on total assets (10) return on equity. CADET CORPORATION Income Statement For Year En...
Compute the following:
(9) return on total assets
(10) return on equity.
CADET CORPORATION Income Statement For Year Ended December 31, 2009 Sales $456,600 Cost of goods sold Gross profit Operating expenses 297.450 159.150 99.400 Interest expense 3,900 Income before taxes 55,850 Income taxes 22,499 $ 33,35 Net income CADET CORPORATION Balance Sheet December 31, 2009 Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Assets S 20,000 Cash 21,500 8,200 Short-term investments 4,400 Accounts receivable, net 29,400...
Ratios for Simmons IndustryBetter (B) or worse(W) Ratio Δverage Profit margin Return on assets Return on...
Ratios for Simmons IndustryBetter (B) or worse(W) Ratio Δverage Profit margin Return on assets Return on equity Receivables turnover Avg. collection period Inventory turnover Fixed asset turnover Total asset turnover Current ratio Quick ratio Debt to total assets Times interest earned Fixed charge coverage 17.5% 20.8% 35% 4.4x 68.0 days - 3.5x 2.4x -76x 1.28 .85 .45 12.0x 3.6x Given the balance sheet and income state for Simmons Maintenance ratios that are also shown for the industry average. For each...
December 31, 2019 2019 2018 Assets Cash Accounts receivable, net Inventory Prepaid expenses $ 94,800 41,000...
December 31, 2019 2019 2018 Assets Cash Accounts receivable, net Inventory Prepaid expenses $ 94,800 41,000 85,800 5,400 227,000 109,e00 (17,000) $319,000 $ 24,000 51,000 95,800 4,200 175,000 119,000 (9,000) $285,000 Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings $ 15,000 9,000 1,400 25,400 29,000 54,400 $ 21,000 5,000 2,600 28,600 69,000 97,600 229,000...
Given the financial statements for Jones Corporation and Smith Corporation: JONES CORPORATION Current Assets Liabilities Cash...
Given the financial statements for Jones Corporation and Smith Corporation: JONES CORPORATION Current Assets Liabilities Cash $ 22,000 Accounts payable $ 127,000 Accounts receivable 81,100 Bonds payable (long term) 85,600 Inventory 50,000 Long-Term Assets Stockholders' Equity Gross fixed assets $ 526,000 Common stock $ 150,000 Less: Accumulated depreciation 150,700 Paid-in capital 70,000 Net fixed assets* 375,300 Retained earnings 95,800 Total assets $ 528,400 Total liabilities and equity $ 528,400 Sales (on credit) $ 1,326,000 Cost of goods sold 790,000...
Given the financial statements for Jones Corporation and Smith Corporation: JONES CORPORATION Current Assets Liabilities Cash...
Given the financial statements for Jones Corporation and Smith Corporation: JONES CORPORATION Current Assets Liabilities Cash $ 22,000 Accounts payable $ 127,000 Accounts receivable 81,100 Bonds payable (long term) 85,600 Inventory 50,000 Long-Term Assets Stockholders' Equity Gross fixed assets $ 526,000 Common stock $ 150,000 Less: Accumulated depreciation 150,700 Paid-in capital 70,000 Net fixed assets* 375,300 Retained earnings 95,800 Total assets $ 528,400 Total liabilities and equity $ 528,400 Sales (on credit) $ 1,326,000 Cost of goods sold 790,000...
Compute the firms return on assets for the most recent fiscal year Peer Group Average Ratios...
Compute the firms return on assets for the most recent fiscal
year
Peer Group Average Ratios Liquidity Current Quick Cash Ratio 1/31/2019 1/31/2018 6,5036 ,423 4.292 4,200 2,223 1,718 1.718 226 234 268 271 2.503 1.619 1238 Dillard's, Inc. Income Statement Sales Cost Of Goods Gross Profit Selling & Admin Expenses Depreciation Earnings Before Interest & Taxes Non-Operating Income Interest Expense Pretax income Income Taxes Investment Gains/Losses Net Income 2.212 53 208 213 Leverage Total Debt LTD Ratio Debt-Equity Equity...
(Computing ratios) Use the information from the balance sheet and income statement in the popup window, to calculate the following ratios: a. Current ratio b. Acid-test ratio c. Times interest earned d. Inventory turnover e. Total asset turnover f. Operating profit margin g. Days in receivables h. Operating return on assets i. Debt ratio j. Return on equity k. Fixed asset turnover a. The current ratio is X. (Round to two decimal places.) Cash Accounts receivable Inventory 99,000 31,000 50,000...
Sales Revenues Cost of Goods Sold Gross Profit s 1,000 600 400 Depreciation Expense Other Operating Expenses S 100 50 Total Operating Expenses Earnings Before Interest& Taxes (EBIT) Interest Expense Eamings Before Taxes Income Tax Expense Net Income 150 250 50 200 100 S 100 Beginning Owner's Equity Net Income Dividends Ending Owner's Equity s 2,950 100 50 S 3,000 Cash Receivables Inventory s 1,000 100 900 Current Assets Long-Term Assets Total Assets s 2,000 7,000 S 9,000 Current Liabilities...
eu Business School BCO 222 Assignment # 1: Measuring Cash Flows Given the following information for the Manhattan Corporation: Prepare a statement of cash flows for 2018. Manhattan Corporation Balance Sheet for December 31, 2017 and 2018 (in dollars) 2017 2018 Cash 89,000 100,000 Account receivable 64,000 70,000 Inventories 112,000 100,000 10,000 Other current assets 10,000 Total current assets 275,000 238.000 (40,000) 198,000 473,000 280,000 Building and equipment Less: accumulated depreciation Total net fixed assets 311.000 (66,000) 245,000 525,000 Total...
The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2021 Net sales $3,046,000 Cost of goods sold 1,952,000 Gross profit 1,094,000 Expenses: Operating expenses $860,000 Depreciation expense 28,000 Loss on sale of land 8,200 Interest expense 16,000 Income tax expense 50,000 Total expenses 962,200 Net income $ 131,800 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2021 2020 $ 188,000 83,000 107,000 12,200 $146,000 62,000 137,000...
Compute the following:
(9) return on total assets
(10) return on equity.
CADET CORPORATION Income Statement For Year Ended December 31, 2009 Sales $456,600 Cost of goods sold Gross profit Operating expenses 297.450 159.150 99.400 Interest expense 3,900 Income before taxes 55,850 Income taxes 22,499 $ 33,35 Net income CADET CORPORATION Balance Sheet December 31, 2009 Liabilities and Equity Accounts payable Accrued wages payable Income taxes payable Assets S 20,000 Cash 21,500 8,200 Short-term investments 4,400 Accounts receivable, net 29,400...
Ratios for Simmons IndustryBetter (B) or worse(W) Ratio Δverage Profit margin Return on assets Return on equity Receivables turnover Avg. collection period Inventory turnover Fixed asset turnover Total asset turnover Current ratio Quick ratio Debt to total assets Times interest earned Fixed charge coverage 17.5% 20.8% 35% 4.4x 68.0 days - 3.5x 2.4x -76x 1.28 .85 .45 12.0x 3.6x Given the balance sheet and income state for Simmons Maintenance ratios that are also shown for the industry average. For each...
December 31, 2019 2019 2018 Assets Cash Accounts receivable, net Inventory Prepaid expenses $ 94,800 41,000 85,800 5,400 227,000 109,e00 (17,000) $319,000 $ 24,000 51,000 95,800 4,200 175,000 119,000 (9,000) $285,000 Total current assets Furniture Accum. depreciation-Furniture Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long-term) Total liabilities Equity Common stock, $5 par value Retained earnings $ 15,000 9,000 1,400 25,400 29,000 54,400 $ 21,000 5,000 2,600 28,600 69,000 97,600 229,000...
Compute the firms return on assets for the most recent fiscal
year
Peer Group Average Ratios Liquidity Current Quick Cash Ratio 1/31/2019 1/31/2018 6,5036 ,423 4.292 4,200 2,223 1,718 1.718 226 234 268 271 2.503 1.619 1238 Dillard's, Inc. Income Statement Sales Cost Of Goods Gross Profit Selling & Admin Expenses Depreciation Earnings Before Interest & Taxes Non-Operating Income Interest Expense Pretax income Income Taxes Investment Gains/Losses Net Income 2.212 53 208 213 Leverage Total Debt LTD Ratio Debt-Equity Equity...
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