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7. Consider the following information about a company: total assets - $10 million;...
Help on my Finance homework please! Integrative: Complete ratio analysis Given the following financial statements, historical...
Help on my Finance homework please! Integrative: Complete ratio analysis Given the following financial statements, historical ratios, and industry averages, calculate Sterling Company’s financial ratios for the most recent year. (Assume a 365-day year.) Sterling Company Income Statement for the Year Ended December 31, 2019 Sales revenue $10,000,000 Less: Cost of goods sold 7,500,000 Gross profits $ 2,500,000 Less: Operating expenses Selling expense $ 300,000 General and administrative expenses 650,000 Lease expense 50,000 Depreciation expense...
Exercise 14-11 The following selected information is for Macaron Corporation: Total assets Total shareholders' equity Net...
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...
Income Statement Balance Sheet Sales $20,000,000 Assets: Cost of Goods Sold 8.000.000 Cash $ 5,000,000 12,000,000...
Income Statement Balance Sheet Sales $20,000,000 Assets: Cost of Goods Sold 8.000.000 Cash $ 5,000,000 12,000,000 Marketable Securities 12,500,000 Selling and Administrative 1,600,000 Accounts Receivable, net 2,500,000 Depreciation Expense 3.000.000 Inventory 30,000,000 7,400,000 Prepaid Expenses 5,000,000 Interest 2.000.000 Plant & Equipment 30.000.000 5,400,000 Taxes (25%) 1.350.000 Total Assets 85,000,000 4,050,000 Common Stock Div. 600,000 Liabilities and Equity $3,450,000 Accounts Payable $20,000,000 Notes Payable 5,000,000 Accrued Expenses 5,000,000 Bonds Payable 25,000,000 Common Stock 5,000,000 Capital in Excess of Par 10,000,000 Retained...
(Financial Ratios-Investment Analysis) The annual sales for Salco, Inc., were $5,000,000 last year. The firm's end-of-year...
(Financial Ratios-Investment Analysis) The annual sales for Salco, Inc., were $5,000,000 last year. The firm's end-of-year balance sheet appeared as follows: Current assets $500,000 Net fixed assets $1,500,000 $2,000,000 Liabilities $1,000,000 common' equity $1,000,000 $2,000,000 The firm's income statement for the year was as follows: Sales Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Earnings before taxes Less: Taxes (40%) Net income $5.000.000 (3,000,000) $2,000,000 (1,500,000) $500,000 (100,000 $400,000 (160.000) $240.000 a. Calculate...
Part B. Selected data from Decco Company are presented below: Total assets $1,600,000 Average assets 2,000,000...
Part B. Selected data from Decco Company are presented below: Total assets $1,600,000 Average assets 2,000,000 Net income 380,000 Net sales 1,500,000 Average common stockholders' equity 1,000,000 Instructions Calculate the following profitability ratios from the above information. 1. Profit margin. 2. Asset turnover. 3. Return on assets. 4. Return on common stockholders' equity.
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...
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 Accounts receivable Inventory $ 25,800 Accounts payable S188,000 80,400 88,700 54,200 Bonds payable (long term) Long-Term Assets Stockholders' Equity $578,000 153,900 Gross fixed assets Common stock $150,000 70,000 104,400 $592,800 Less: Accumulated Paid-in capital 424,100 Retained earnings $592,800 Net fixed assets* Total assets Total liabilities and equity Sales (on credit) Cost of goods sold Gross profit Selling and administrative $1,717,000 782,000 $935,000 283,000 nse...
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 Accounts receivable nven $123,300 Accounts payable $176,000 89,600 183,600 56,800 Bonds payable (long term) Long-Term Assets Stockholders' Equity Gross fixed assets $554,000 152,300 $150,000 70,000 279,800 $765,400 Total labilities and equity $765,400 Common stock Less: Accumulated depreciation Net fixed assets Paid-in capital 401,700 Retained earnings Total assets Sales (on credit) Cost of goods sold Gross profit Selling and administrative $1,255,000 678,000 577,000 355,000 nse...
Marnus Inc Income Statement For the Financial Year ended Statement values in 000's Period Ending: 12/31/19...
Marnus Inc Income Statement For the Financial Year ended Statement values in 000's Period Ending: 12/31/19 12/31/18 Total Revenue (Net Revenue) $150,000,000 $140,000,000 Cost of Revenue (CoGS) ($130,000,000) ($123,000,000) $20,000,000 $17,000,000 Gross Profit Operating Expenses Sales, General and Admin. $9,000,000 $10,000,000 $0 $0 Other Operating Items Total Operating Exp ($9,000,000) ($10,000,000) $11,000,000 $7,000,000 Operating Income (or loss) Interest Expense ($1,000,000) ($800,000) $10,000,000 $6,200,000 Earnings Before Tax ($4,000,000) ($5,000,000) Income Tax Net Income (or loss) $5,000,000 $2,200,000 12/31/19 12/31/18 Dividends declared...
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...
Income Statement Balance Sheet Sales $20,000,000 Assets: Cost of Goods Sold 8.000.000 Cash $ 5,000,000 12,000,000 Marketable Securities 12,500,000 Selling and Administrative 1,600,000 Accounts Receivable, net 2,500,000 Depreciation Expense 3.000.000 Inventory 30,000,000 7,400,000 Prepaid Expenses 5,000,000 Interest 2.000.000 Plant & Equipment 30.000.000 5,400,000 Taxes (25%) 1.350.000 Total Assets 85,000,000 4,050,000 Common Stock Div. 600,000 Liabilities and Equity $3,450,000 Accounts Payable $20,000,000 Notes Payable 5,000,000 Accrued Expenses 5,000,000 Bonds Payable 25,000,000 Common Stock 5,000,000 Capital in Excess of Par 10,000,000 Retained...
(Financial Ratios-Investment Analysis) The annual sales for Salco, Inc., were $5,000,000 last year. The firm's end-of-year balance sheet appeared as follows: Current assets $500,000 Net fixed assets $1,500,000 $2,000,000 Liabilities $1,000,000 common' equity $1,000,000 $2,000,000 The firm's income statement for the year was as follows: Sales Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Earnings before taxes Less: Taxes (40%) Net income $5.000.000 (3,000,000) $2,000,000 (1,500,000) $500,000 (100,000 $400,000 (160.000) $240.000 a. Calculate...
Part B. Selected data from Decco Company are presented below: Total assets $1,600,000 Average assets 2,000,000 Net income 380,000 Net sales 1,500,000 Average common stockholders' equity 1,000,000 Instructions Calculate the following profitability ratios from the above information. 1. Profit margin. 2. Asset turnover. 3. Return on assets. 4. Return on common stockholders' equity.
Given the financial statements for Jones Corporation and Smith Corporation JONES CORPORATION Current Assets Liabilities Cash Accounts receivable Inventory $ 25,800 Accounts payable S188,000 80,400 88,700 54,200 Bonds payable (long term) Long-Term Assets Stockholders' Equity $578,000 153,900 Gross fixed assets Common stock $150,000 70,000 104,400 $592,800 Less: Accumulated Paid-in capital 424,100 Retained earnings $592,800 Net fixed assets* Total assets Total liabilities and equity Sales (on credit) Cost of goods sold Gross profit Selling and administrative $1,717,000 782,000 $935,000 283,000 nse...
Given the financial statements for Jones Corporation and Smith Corporation JONES CORPORATION Current Assets Liabilities Cash Accounts receivable nven $123,300 Accounts payable $176,000 89,600 183,600 56,800 Bonds payable (long term) Long-Term Assets Stockholders' Equity Gross fixed assets $554,000 152,300 $150,000 70,000 279,800 $765,400 Total labilities and equity $765,400 Common stock Less: Accumulated depreciation Net fixed assets Paid-in capital 401,700 Retained earnings Total assets Sales (on credit) Cost of goods sold Gross profit Selling and administrative $1,255,000 678,000 577,000 355,000 nse...
Marnus Inc Income Statement For the Financial Year ended Statement values in 000's Period Ending: 12/31/19 12/31/18 Total Revenue (Net Revenue) $150,000,000 $140,000,000 Cost of Revenue (CoGS) ($130,000,000) ($123,000,000) $20,000,000 $17,000,000 Gross Profit Operating Expenses Sales, General and Admin. $9,000,000 $10,000,000 $0 $0 Other Operating Items Total Operating Exp ($9,000,000) ($10,000,000) $11,000,000 $7,000,000 Operating Income (or loss) Interest Expense ($1,000,000) ($800,000) $10,000,000 $6,200,000 Earnings Before Tax ($4,000,000) ($5,000,000) Income Tax Net Income (or loss) $5,000,000 $2,200,000 12/31/19 12/31/18 Dividends declared...
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