Homework Answers
1.Net Profit Margin
= (Revenue-COGS-Interest on debt-Expenses-Income tax / Sales * 100)
| Year | Net Profit(A) | Sales(B) | Net Profit Margin(A/B)*100 |
|---|---|---|---|
| 2011 | $97051 | $1600000 | 6.07% |
| 2012 | $51419 | $1300000 | 3.96% |
| 2013 | $45101 | $1200000 | 3.76% |
2.Return On Asset.
=Net Income/Total Asset.
3.Asset Turnover Ratio.
Sales Revenue/ Average Total Asset
Note:Financial Leverage
Total Asset/Total Equity
4.Due Point analysis
=Return on Equity= Net Profit Margin x Asset Turnover Ratio x Financial Leverage
= (Net Income / Sales) x (Sales / Total Assets) x (Total Assets / Total Equity)
5.Operating Income Margin
| Purticulers | 2011 | 2012 | 2013 |
|---|---|---|---|
| Net Sales | 1600000 | 1300000 | 1200000 |
| Less:Cost Of Goods Sold | 740000 | 624000 | 576000 |
| Gross Profit | 860000 | 676000 | 624000 |
| Less:Operating Expenses | 90000 | 78000 | 71400 |
| Operating Profit | 770000 | 598000 | 552600 |
| Operating Income Margin | 48.125% | 46% | 46.05% |
6.Return On Operating Asset.
=Net Income/Operating Asset
7.Operating Asset Turnover Ratio.
Sales Revenue/ Operating Asset
9.Return on investment (Investment nothing but total asset therefore there is no difference between total asset ratio and return on investment)
=Net Income/Investment
10. Return on Equity
Total Asset/Total Equity
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Exercise 12-63 Horizontal Analysis using Income Statements The consolidated 2011, 2010, and 2009 income statements for...
Exercise 12-63
Horizontal Analysis using Income Statements
The consolidated 2011, 2010, and 2009 income statements for
Corcoran Inc. and Subsidiaries follow.
Hide
1. Prepare common size income statements for
horizontal analysis. Enter your answers in percentage terms,
rounded to two decimal places, and do not include the "%" sign with
your answer. For example, "100.00" or "28.72". You do not need to
include the actual dollar amounts shown above.
Corcoran Inc. and Subsidiaries
Consolidated Income Statements
December 31, 2011...
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Use the following information to answer this question. Windswept, Inc. 2010 Income Statement ($ in millions)...
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Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statements and...
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