Ivanhoe Automotive's balance sheet at the end of its most recent fiscal year shows the following...
Oriole Supply Company Income Statement for the Fiscal Year Ended June 30, 2017($ thousands) Net sales Cost of goods sold Selling and administrative expenses Nonrecurring expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Depreciation Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (35%) Net income $2,110,000 1,460,000 317,000 27,000 $306,000 113,000 193,000 118,000 $75,000 26,250 $48,750 Oriole Supply Company Balance Sheet as of June 30, 2017($ thousands) Assets: Liabilities and Equity: Cash and marketable...
Use the information from the Income Statement and Balance Sheet to construct the ratios and answer the questions below. Downloadable Financial statements HW 4 SXP 19.docxPreview the document hw3 ratios.jpg Barry Computers Income statement DEC 31, 2016 Sales 1,607,500 GOGS 1,392,500 Gross Profit 215,000 SG&A 145,000 EBIT 70,000 Interest Expenses 24,500 EBT 45,500 TX (40%) 18,200 NI 27,300 Barry Computers Balance Sheet DEC 31, 2016 Cash 77,500 Accounts Payable 129,000 Accounts receivables 336,000 Accruals 117,000 Inventory 241,500 Notes Payable 84,000...
FIN Company: Balance Sheet as of December 31 ($ million) $40 Cash Account receivables Inventories Total current assets $40 $20 $100 $40 Account Payables ? Notes payable $160 Other current liabilities $310 Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity $450 Total liabilities and equity $140 $114 ? Net fixed assets Total assets FIN Company: Income Statement for Year Ended December 31 ($ million) $800.0 Net sales Cost of goods sold (80% of net...
3 3. Complete the balance sheet and sales information in the table that follows J. White Industries using the following financial data: Debt ratio = 60% (Total Liabilities/Total Assets) Quick ratio = 0.95 (Current Assets-inventory)/Current Liabilities Total asset turnover = 2.00 Sales/Total Asset Days sales outstanding = 24 days (Accounts receivable/(sales÷365)) Gross profit margin = 20% (Sales – cost of goods sold)/sales Inventory turnover = 8.0 Cost of goods sold/inventory Balance Sheet Cash Accounts...
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...
Compute the firms Total Asset Turnover 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...
Complete the following balance sheet for the Range Company using the following information: Debt to Assets = 60% Quick Ratio = 1.1 Asset Turnover = 5x Capital Asset Turnover = 12.037x Current Ratio = 2 Average Collection Period = 17.0708 days Assume all sales are on credit. Cash _______ Current Liabilities _______ Receivables _______ Bonds Payable _______ Inventory _______ Total Liabilities _______ Total Current Assets _______ Net Worth _______ Plant and Equipment _______ Total Assets $325,000 Total Liab and...
Selected current year-end financial statements of Cabot
Corporation follow. (All sales were on credit; selected balance
sheet amounts at December 31 of the prior year were inventory,
$46,900; total assets, $219,400; common stock, $81,000; and
retained earnings, $38,566.)
CABOT CORPORATION
Income Statement
For Current Year Ended December 31
Sales
$
450,600
Cost of goods sold
298,450
Gross profit
152,150
Operating expenses
99,500
Interest expense
4,700
Income before taxes
47,950
Income tax expense
19,316
Net income
$
28,634
CABOT CORPORATION
Balance...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31, 2016, were Inventory, $53,900; total assets, $239,400; common stock, $87,000; and retalned earnings, $35104.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 448, 600 298,150 150,450 99,000 4, 400 47,050 18,954 28 , 096 ales $ Cost of goods sold Gross profit Income before taxes Income taxes Net income CABOT CORPORATION Balance Sheet December 31, 2017 Assets Cash...
Selected current year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31 of the prior year were inventory, $48,900; total assets, $189,400; common stock, $90,000; and retained earnings, $33,748.) CABOT CORPORATION Income Statement For Current Year Ended December 31 Sales $ 448,600 Cost of goods sold 297,250 Gross profit 151,350 Operating expenses 98,600 Interest expense 4,100 Income before taxes 48,650 Income tax expense 19,598 Net income $ 29,052 Assets Cash Short-term...