Homework Answers
Calculate following
| Current year | Prior year | |||
| 1. | ROA | Net income/Average assets | 0.260 | 0.280 |
| 2 | Profit margin | Net income/Net Sales | 3498250/33503760 = 0.1044 | 0.1082 |
| Asset turnover | Sales/Average assets | 2.5027 | 2.5841 | |
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The TXJ Companies, Inc., which operates the T.J. Marx, Mitchells, and GoodHome chains, is the leading...
E5-17 LO5-4 Analyzing and Interpreting Return on Assets The TJX Companies, Inc., which operates the T.J....
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Comparing Abercrombie & Fitch and TJX Companies Following are selected financial statement data from Abercrombie & Fitch (ANF-upscale clothing retailer) and TJX Companies (TJX-value-priced clo...
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The following information is from the 2017 annual report of Weber Corporation, a company that supplies...
The following information is from the 2017 annual report of
Weber Corporation, a company that supplies manufactured parts to
the household appliance industry.
Average total assets
$
24,500,000
Average interest-bearing debt
10,000,000
Average other liabilities
2,250,000
Average shareholders' equity
12,250,000
Sales
49,000,000
Interest expense
800,000
Net income
2,450,000
Required:
Compute Weber Corporation’s return on assets (ROA) for 2017
using a combined federal and state income tax rate of 40% where
needed.
Compute the profit margin and asset turnover components of...
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a. Compute the return on assets (ROA) for 2018 and 2017. Round answers to one decimal...
a. Compute the return on assets (ROA) for 2018 and 2017. Round
answers to one decimal place (ex: 0.2345 = 23.5%).
b. Compute the profit margin (PM) for 2018 and 2017.
Round answers to one decimal place (ex: 0.2345 = 23.5%).
c. Compute the asset turnover (AT) for 2018 and 2017.
Round answers to two decimal places.
d. Which component of ROA (profit margin or asset turnover or
both) drives the change in ROA in 2018?
e. Compute the return...
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E5-19 LO5-4 Determining the Effects of Transactions on Ratios What would be the direction of the effect of the following transactions on the following ratios increase, - for decrease, and NE for no effect)? Consider each item independently. a. Repaid principal of $2,000 on a long-term note payable with the bank. b. Recorded rent expense of $100 paid for in cash. Transaction Net Profit Margin Return on Assets Current Ratio по орсь списоuld bе pop E5-17 LO5-4 Analyzing and Interpreting...
The following information is from the 2017 annual report of
Weber Corporation, a company that supplies manufactured parts to
the household appliance industry.
Average total assets
$
24,500,000
Average interest-bearing debt
10,000,000
Average other liabilities
2,250,000
Average shareholders' equity
12,250,000
Sales
49,000,000
Interest expense
800,000
Net income
2,450,000
Required:
Compute Weber Corporation’s return on assets (ROA) for 2017
using a combined federal and state income tax rate of 40% where
needed.
Compute the profit margin and asset turnover components of...
Comparing Abercrombie & Fitch and TX Companies Following are selected financial statement data from Abercrombie & Fach (ANF-upscale clothing retaler) and TDX Companies (T-value priced clothing retailer including T Maxx)-both dated the end of January 2009 or 2008. Tetal Assets Net Income Sales Auedu Abercrembe & FRch Abercrombie & Fech (a) Compute the return on assets for both companies for the year ended january 2009. Round your answers to one decimal place. VO 6002 xi %3* YON 6002 INY OL...
Compute and Interpret ROA, Profit Margin, and Asset Turnover of Competitors Selected balance sheet and income statement information for McDonald's Corporation and Yumi Brands, Inc., follows (in millions). Sales Revenue Interest Expense Net Income Average Total Assets McDonalds $27,441 $571 $4,758 $35,454 Yum! Brands 13,279 1,021 8,520 a. Compute the return on assets (ROA) for each company. Assume a tax rate of 35%. Do not round until your final answer. Round answer to one decimal place (i.e., 0.2568 = 25.7%)....
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a. Compute the return on assets (ROA) for 2018 and 2017. Round
answers to one decimal place (ex: 0.2345 = 23.5%).
b. Compute the profit margin (PM) for 2018 and 2017.
Round answers to one decimal place (ex: 0.2345 = 23.5%).
c. Compute the asset turnover (AT) for 2018 and 2017.
Round answers to two decimal places.
d. Which component of ROA (profit margin or asset turnover or
both) drives the change in ROA in 2018?
e. Compute the return...
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