Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
|
Category |
Prior year |
Current year |
|
Accounts payable |
41,400 |
45,000 |
|
Accounts receivable |
115,200 |
122,400 |
|
Accruals |
16,200 |
13,500 |
|
Additional paid in capital |
200,000 |
216,660 |
|
Cash |
??? |
??? |
|
Common Stock @ par value |
37,600 |
42,000 |
|
COGS |
131,400 |
179,367.00 |
|
Depreciation expense |
21,600 |
23,675.00 |
|
Interest expense |
16,200 |
16,116.00 |
|
Inventories |
111,600 |
115,200 |
|
Long-term debt |
135,000 |
138,740.00 |
|
Net fixed assets |
379,763.00 |
399,600 |
|
Notes payable |
59,400 |
64,800 |
|
Operating expenses (excl. depr.) |
50,400 |
63,067.00 |
|
Retained earnings |
122,400 |
136,800 |
|
Sales |
255,600 |
337,615.00 |
|
Taxes |
9,900 |
18,586.00 |
What is the current year's return on assets (ROA)?
Homework Answers
We have to restructure the information to cast the Income statement and balance sheet. We will then be able to calculate ROA.
Income Statement:
| Category | Prior year | Current year |
| Sales | 255,600 | 337,615 |
| [-] COGS | 131,400 | 179,367 |
| [-] Operating expenses (excl. depr.) | 50,400 | 63,067 |
| [-] Depreciation expense | 21,600 | 23,675 |
| [-] Interest expense | 16,200 | 16,116 |
| [-] Taxes | 9,900 | 18,586 |
| Net income | 26,100 | 36,804 |
Balance Sheet
| Category | Prior year | Current year |
| Cash | ??? | ??? |
| Accounts receivable | 115,200 | 122,400 |
| Inventories | 111,600 | 115,200 |
| Net fixed assets | 379,763.00 | 399,600 |
| Total Assets | ||
| Accounts payable | 41,400 | 45,000 |
| Accruals | 16,200 | 13,500 |
| Notes payable | 59,400 | 64,800 |
| Long-term debt | 135,000 | 138,740 |
| Common Stock @ par value | 37,600 | 42,000 |
| Additional paid in capital | 200,000 | 216,660 |
| Retained earnings | 122,400 | 136,800 |
| Total Liabilities & equity | 612,000 | 657,500 |
A company's return on assets (ROA) is calculated as the ratio of its net income in a given period to the total value of its assets.
For the current year, Net income = 36,804
and the total assets = total liabilities & equity = 657,500
Hence, ROA for the current year = Net income / total assets = 36,804 / 657,500 = 5.60%
Add Answer to:
Category
Prior year
Current year
Accounts payable
41,400
45,000
Accounts receivable
115,200
122,400
Accruals
16,200
13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 172,391.00 Depreciation expense 21,600 23,813.00 Interest expense 16,200 16,246.00 Inventories 111,600 115,200 Long-term debt 135,000 139,538.00 Net fixed assets 376,626.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 68,509.00 Retained earnings 122,400 136,800 Sales 255,600 335,355.00 Taxes 9,900 19,189.00 What is the current year's...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 177,729.00 Depreciation expense 21,600 22,670.00 Interest expense 16,200 16,543.00 Inventories 111,600 115,200 Long-term debt 135,000 138,834.00 Net fixed assets 376,695.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 69,411.00 Retained earnings 122,400 136,800 Sales 255,600 335,338.00 Taxes 9,900 18,713.00 1. What is the entry...
Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000...
Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 178,442.00 Depreciation expense 21,600 23,886.00 Interest expense 16,200 16,553.00 Inventories 111,600 115,200 Long-term debt 135,000 138, 160.00 Net fixed assets 377,219.00 399,600 Notes payable 59,400 64,800 50,400 65,252.00 Operating expenses (excl. depr.) Retained earnings 122,400 136,800 Sales 255,600 339,952.00 Taxes 9,900 19,348.00 What is the current year's cash balance? Submit Answer...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 171,328.00 Depreciation expense 21,600 23,858.00 Interest expense 16,200 16,911.00 Inventories 111,600 115,200 Long-term debt 135,000 137,826.00 Net fixed assets 375,421.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 60,690.00 Retained earnings 122,400 136,800 Sales 255,600 337,713.00 Taxes 9,900 18,866.00 1. What is the firm's...
What is the current year's cash balance? please highlight answer 120 Category Prior year Current Accounts...
What is the current year's cash balance?
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120 Category Prior year Current Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash 772 m Common Stock @ par value 37,600 42,000 COGS 131,400 178,070.00 Depreciation expense 21,600 22.787.00 interest expense 16,200 16,036.00 Inventories 111,600 115.200 Long-term debt 135,000 139,508.00 Net fixed assets 376,543.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 63.214.00 Retained earings 122,400 136.800 Sales...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16.200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16.200 13,500 Additional paid in capital 200.000 216,660 Cash 772 222 Common Stock @ par value 37.600 42.000 COGS 131 400 170.220.00 Depreciation expense 21.600 23,699.00 Interest expense 16,200 16.542.00 Inventories 111 600 115.200 Inventories 111,6001 15,200 Long-term debt 135,000 138,363.00 Net fixed assets 377,150.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 69.132.00 Retained earnings 122,400 136.800 Sales 55,600 337 44700 Taxes es...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115.200 122.400 Accruals 16,200 13,500...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115.200 122.400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42.000 COGS 131,400 174.917.00 Depreciation expense 21,600 23.192.00 Interest expense 16,200 16,416.00 Inventories 111,600 115.200 Long-term debt 135,000 138,338.00 Net fixed assets 375,800.00 399.600 Notes payable 59,400 64.800 50,400 61,277.00 Operating expenses (excl. depr.) Retained earnings 122.400 136.800 Sales 255,600 338.488.00 Taxes 9.900 19,273.00 What is the entry for...
What is the current year's cash balance? What is the current year's return on equity (ROE)?...
What is the current year's cash balance?
What is the current year's return on equity (ROE)?
What is the current year's entry for long term debt on a
common-sized balance sheet?
THIS IS ALL THE INFORMATION GIVEN
Category Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash 777 772 Common Stock @ par value 37,600 42,000 COGS 131,400 178,243.00 Depreciation expense 21,600 22,453.00 Interest expense 16,200 16,617.00 Inventories 111,600 115.200 Long-term...
Hello, I desperately need help with this accounting scenario, I cannot figure out. I am being...
Hello, I desperately need help with this accounting scenario, I
cannot figure out. I am being asked to find the current year's
return on equity (ROE). I keep getting the incorrect answer and it
tells me that the correct answer is 9.11%. Any help would be
greatly appreciated! Thank You!
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? 722 Common Stock @ par value...
Hello, I desperately need help with this accounting/finance scenario I cannot figure out. I am being...
Hello, I desperately need help with this accounting/finance
scenario I cannot figure out. I am being asked to find the cash
balance for the current year. I keep getting the incorrect answer
and it tells me that the correct answer is $20,355. Any help would
be greatly appreciated! Thank You!
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? 27? Common Stock @ par value...
Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42,000 COGS 131,400 178,442.00 Depreciation expense 21,600 23,886.00 Interest expense 16,200 16,553.00 Inventories 111,600 115,200 Long-term debt 135,000 138, 160.00 Net fixed assets 377,219.00 399,600 Notes payable 59,400 64,800 50,400 65,252.00 Operating expenses (excl. depr.) Retained earnings 122,400 136,800 Sales 255,600 339,952.00 Taxes 9,900 19,348.00 What is the current year's cash balance? Submit Answer...
What is the current year's cash balance?
please highlight answer
120 Category Prior year Current Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash 772 m Common Stock @ par value 37,600 42,000 COGS 131,400 178,070.00 Depreciation expense 21,600 22.787.00 interest expense 16,200 16,036.00 Inventories 111,600 115.200 Long-term debt 135,000 139,508.00 Net fixed assets 376,543.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 63.214.00 Retained earings 122,400 136.800 Sales...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16.200 13,500 Additional paid in capital 200.000 216,660 Cash 772 222 Common Stock @ par value 37.600 42.000 COGS 131 400 170.220.00 Depreciation expense 21.600 23,699.00 Interest expense 16,200 16.542.00 Inventories 111 600 115.200 Inventories 111,6001 15,200 Long-term debt 135,000 138,363.00 Net fixed assets 377,150.00 399,600 Notes payable 59,400 64,800 Operating expenses (excl. depr.) 50,400 69.132.00 Retained earnings 122,400 136.800 Sales 55,600 337 44700 Taxes es...
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115.200 122.400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? ??? Common Stock @ par value 37,600 42.000 COGS 131,400 174.917.00 Depreciation expense 21,600 23.192.00 Interest expense 16,200 16,416.00 Inventories 111,600 115.200 Long-term debt 135,000 138,338.00 Net fixed assets 375,800.00 399.600 Notes payable 59,400 64.800 50,400 61,277.00 Operating expenses (excl. depr.) Retained earnings 122.400 136.800 Sales 255,600 338.488.00 Taxes 9.900 19,273.00 What is the entry for...
What is the current year's cash balance?
What is the current year's return on equity (ROE)?
What is the current year's entry for long term debt on a
common-sized balance sheet?
THIS IS ALL THE INFORMATION GIVEN
Category Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash 777 772 Common Stock @ par value 37,600 42,000 COGS 131,400 178,243.00 Depreciation expense 21,600 22,453.00 Interest expense 16,200 16,617.00 Inventories 111,600 115.200 Long-term...
Hello, I desperately need help with this accounting scenario, I
cannot figure out. I am being asked to find the current year's
return on equity (ROE). I keep getting the incorrect answer and it
tells me that the correct answer is 9.11%. Any help would be
greatly appreciated! Thank You!
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? 722 Common Stock @ par value...
Hello, I desperately need help with this accounting/finance
scenario I cannot figure out. I am being asked to find the cash
balance for the current year. I keep getting the incorrect answer
and it tells me that the correct answer is $20,355. Any help would
be greatly appreciated! Thank You!
Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500 Additional paid in capital 200,000 216,660 Cash ??? 27? Common Stock @ par value...
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