Homework Answers
Compute the current year net profit margin, using the equation as shown below:
Net profit margin = (Sales – COGS – Depreciation – Interest – Operating expenses – Taxes)/ Sales
= ($853,102 - $430,208 - $54,054 - $41,156 - $161,605 - $47,814)/ $853,102
= $118,265/ $853,102
= 13.862937843%
Hence, the current year's net profit margin is 13.862937843%.
Compute the current year net profit, using the equation as shown below:
Net profit = Sales – COGS – Depreciation – Interest – Operating expenses – Taxes
= $853,102 - $430,208 - $54,054 - $41,156 - $161,605 - $47,814
= $118,265
Hence, the current year's net profit is $118,265.
Compute the current year operating profit margin, using the equation as shown below:
Operating profit margin = (Sales – COGS – Depreciation – Operating expenses)/ Sales
= ($853,102 - $430,208 - $54,054 - $161,605)/ $853,102
= $207,235/ $853,102
= 24.291936954%
Hence, the current year operating profit margin is 24.291936954%.
Note:
The operating profit means earnings before interest and taxes (EBIT).
Compute the current year gross profit margin, using the equation as shown below:
Gross profit margin = (Sales revenue – COGS)/ Sales revenue
= ($853,102 - $430,208)/ $853,102
= 49.571329102%
Hence, the gross profit margin is 49.571329102%.
The current year’s interest expense is $41,156 which is provided in the trial balance.
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Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 429,664.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,093.00 Interest expense 40,500 41,024.00 Inventories 279,000 288,000 Long-term debt 335,318.00 398,930.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,292.00 Retained earnings 306,000 342,000 Sales 639,000 852,300.00 Taxes 24,750 47,203.00 What is...
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Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year ??? ??? 320,715 397,400 40,500 33,750 500,000 541,650 17,500 47,500 94,000 105,000 328,500 429,318.00 33,750 35,000 54,000 54,871.00 40,500 42,817.00 279,000 288,000 336,376.00 400,508.00 946,535 999,000 148,500 162,000 126,000 162,799.00 306,000 342,000 639,000 853,202.00 24,750 47,618.00 What is...
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Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year ??? ??? 320,715 397,400 40,500 33,750 500,000 541,650 17,500 47,500 94,000 105,000 328,500 429,980.00 33,750 35,000 54,000 54,115.00 40,500 42,278.00 279,000 288,000 339,104.00 399,250.00 946,535 999,000 148,500 162,000 126,000 162, 293.00 306,000 342,000 639,000 851,363.00 24,750 48,420.00...
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Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 429,664.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,093.00 Interest expense 40,500 41,024.00 Inventories 279,000 288,000 Long-term debt 335,318.00 398,930.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,292.00 Retained earnings 306,000 342,000 Sales 639,000 852,300.00 Taxes 24,750 47,203.00 What is...
What is the entry for the current year taxes on a common sized
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What is the current years accounts payabke balance?
What is the current years return on assets (ROA) ?
What is the current years return on equity (ROE) ?
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sized balance sheet ?
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1. What is the entry for the current year's taxes on a
common-sized income statement?
2.What is the current year's accounts payable balance?
3.What is the current year's Return on Assets (ROA)?
4.What is the current year's Return on Equity (ROE)?
5.What is the current year's entry for long-term debt on a
common sized balance sheet?
Category Prior Year Current Year Accounts payable ??? 222 Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500...
What is the firm's dividend payment in the current year?
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