Homework Answers
Return on Equity = Net income / Average stockholder's equity
Return on Equity = ($1,256,000 - $781,000 - $304,000) / [($545,000 + $950,000) / 2]
Return on Equity = $171,000 / $747,500
Return on Equity = 23%
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Company X has net sales revenue of $1,256,000, cost of goods sold of $781,000, and all...
Company X has net sales revenue of $1,254,000, cost of goods sold of $784,000, and all...
Company X has net sales revenue of $1,254,000, cost of goods sold of $784,000, and all other expenses of $306,000. The beginning balance of stockholders' equity is $565,000 and the beginning balance of fixed assets is $377,000. The ending balance of stockholders' equity is $1,000,000 and the ending balance of fixed assets is $405,000 Required: Compute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent.) Return on Equity
Company X has net sales revenue of $1.258.000, cost of goods sold of $772000, and all...
Company X has net sales revenue of $1.258.000, cost of goods sold of $772000, and all other expenses of assets is $309.000. The ending balance of stockholders' equity is $800.000 and the ending balance of fixed g balance of stockholders' equity is $480,000 and the beginning balance of fixed $208,000. The beginnin assets is $397,000. Required Compute the retum on equity (ROE) ratio. (Round your answer to the nearest whole percent.)
Edison Co. reported the following for the current year: Net sales Cost of goods sold Net...
Edison Co. reported the following for the current year: Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $84,000 $60,000 $20,160 $60,000 $74,400 Compute (a) profit margin and (b) return on total assets. Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Profit Margin Ratio 1 Choose Denominator: Choose Numerator: Profit Margin Ratio Profit margin ratio %...
Selected financial statement data for Homer Company are presented below. Net sales Cost of goods sold...
Selected financial statement data for Homer Company are presented below. Net sales Cost of goods sold Interest expense Net income Total assets (ending) Total common stockholders' equity (ending) $1,500,000 700,000 10,000 205,000 900,000 600,000 Total assets at the beginning of the year were $800,000; total common stockholders' equity was $500,000 at the beginning of the period. Calculate asset turnover. (Round answer to 2 decimal placea, e-8. 15.21%.) Asset turnover --/0.75 Question Part Score Compute the profit margin.(Round answer to 1...
Edison Co, reported the following for the current year Net sales Cost of goods sold Net...
Edison Co, reported the following for the current year Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $90,000 $65,000 $23,400 $75,000 $81,000 Compute (a) profit margin and (b) return on total assets Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Choose Numerator: Profit Margin Ratio Choose Denominator - = Profit Margin Ratio Profit margin ratio...
Data Table Net Sales Revenue $ 2019 2018 2017 2016 758,000 $ 705,000 $ 646,000 $...
Data Table Net Sales Revenue $ 2019 2018 2017 2016 758,000 $ 705,000 $ 646,000 $ 662,000 64,000 37,000 31,000 49,000 Net Income Ending Common Stockholders' Equity 374,000 358,000 330,000 304,000 Print Print Done Done Net sales revenue, net income, and common stockholders' equity for Azbel Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. B (Click the icon to view the net sales revenue, net income, and common equity.) Read the requirements. Requirement 1. Compute trend...
2018 2017 Income Statement Information Sales revenue Cost of goods sold Net income $ $ 10,440,000...
2018 2017 Income Statement Information Sales revenue Cost of goods sold Net income $ $ 10,440,000 6,827,760 360,000 8,400,000 5,900,000 248,000 Balance Sheet Information Current assets Long-term assets $ 1,600,000 2,200,000 $ 1,500,000 1,900,000 Total assets $ 3,800,000 $ 3,400,000 $ Current liabilities Long-term liabilities Common stock Retained earnings 1.200,000 1,500,000 800,000 300,000 900.000 1,500,000 800,000 200,000 Total liabilities and stockholders' equity 3,800,000 $ 3,400,000 Required: 1. Calculate the following profitability ratios for 2018 (Round your answers to 1 decimal...
SimWrite Income Statement SimWrite Balance Sheet Beg Balance Sales Revenue 950,000 Cost Of Goods Sold 500,000...
SimWrite Income Statement SimWrite Balance Sheet Beg Balance Sales Revenue 950,000 Cost Of Goods Sold 500,000 Operating Expense 190,000 Promotion Expenses 75,000 R & D Expense 25,000 Operating Income 160,000 Interest Expense & Other 36,000 Taxes 37,200 Net Income 86,800 Assets Balance Cash & Equivalents 50,000 Accounts Receivabl200,000 Inventories 210,000 Other Current Assets 460,000 Net Plant, Property 800,000 Other LT Assets Total Assets 1,260,000 Short Term debt 180,000 Long Term Debt 450,000 Owner's Equity 630,000 Retained Earnings Total Liabilities &...
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income...
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Income Statement Data for Year $66,800 $413,000 46,000 308,000 14,400 77,000 680 1,800 (90) (380) 1,400 6,900 $4,230 $18,920 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $18,000 $47,000 27,500 121,000 $45,500 $168,000 $11,000 $54,000 16,800 45,000 17,700 69,000 $45,500 $168,000 Total assets Total...
Finch's past experience indicates that cost of goods sold is about 60 percent of sales revenue....
Finch's past experience indicates that cost of goods sold is about 60 percent of sales revenue. The company tries to maintain 15 percent of the next quarter's expected cost of goods sold as the current quarter's ending inventory. This year's ending inventory is $39,000. Next year's ending inventory is budgeted to be $40,000. Required a. Prepare an inventory purchases budget using the sales manager's estimate. b. Prepare an inventory purchases budget using the marketing consultant's estimate. Complete this question by...
Company X has net sales revenue of $1,254,000, cost of goods sold of $784,000, and all other expenses of $306,000. The beginning balance of stockholders' equity is $565,000 and the beginning balance of fixed assets is $377,000. The ending balance of stockholders' equity is $1,000,000 and the ending balance of fixed assets is $405,000 Required: Compute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent.) Return on Equity
Company X has net sales revenue of $1.258.000, cost of goods sold of $772000, and all other expenses of assets is $309.000. The ending balance of stockholders' equity is $800.000 and the ending balance of fixed g balance of stockholders' equity is $480,000 and the beginning balance of fixed $208,000. The beginnin assets is $397,000. Required Compute the retum on equity (ROE) ratio. (Round your answer to the nearest whole percent.)
Edison Co. reported the following for the current year: Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $84,000 $60,000 $20,160 $60,000 $74,400 Compute (a) profit margin and (b) return on total assets. Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Profit Margin Ratio 1 Choose Denominator: Choose Numerator: Profit Margin Ratio Profit margin ratio %...
Selected financial statement data for Homer Company are presented below. Net sales Cost of goods sold Interest expense Net income Total assets (ending) Total common stockholders' equity (ending) $1,500,000 700,000 10,000 205,000 900,000 600,000 Total assets at the beginning of the year were $800,000; total common stockholders' equity was $500,000 at the beginning of the period. Calculate asset turnover. (Round answer to 2 decimal placea, e-8. 15.21%.) Asset turnover --/0.75 Question Part Score Compute the profit margin.(Round answer to 1...
Edison Co, reported the following for the current year Net sales Cost of goods sold Net income Beginning balance of total assets Ending balance of total assets $90,000 $65,000 $23,400 $75,000 $81,000 Compute (a) profit margin and (b) return on total assets Complete this question by entering your answers in the tabs below. Profit Margin Ratio Return On Total Assets Compute the profit margin ratio. Choose Numerator: Profit Margin Ratio Choose Denominator - = Profit Margin Ratio Profit margin ratio...
Data Table Net Sales Revenue $ 2019 2018 2017 2016 758,000 $ 705,000 $ 646,000 $ 662,000 64,000 37,000 31,000 49,000 Net Income Ending Common Stockholders' Equity 374,000 358,000 330,000 304,000 Print Print Done Done Net sales revenue, net income, and common stockholders' equity for Azbel Mission Corporation, a manufacturer of contact lenses, follow for a four-year period. B (Click the icon to view the net sales revenue, net income, and common equity.) Read the requirements. Requirement 1. Compute trend...
2018 2017 Income Statement Information Sales revenue Cost of goods sold Net income $ $ 10,440,000 6,827,760 360,000 8,400,000 5,900,000 248,000 Balance Sheet Information Current assets Long-term assets $ 1,600,000 2,200,000 $ 1,500,000 1,900,000 Total assets $ 3,800,000 $ 3,400,000 $ Current liabilities Long-term liabilities Common stock Retained earnings 1.200,000 1,500,000 800,000 300,000 900.000 1,500,000 800,000 200,000 Total liabilities and stockholders' equity 3,800,000 $ 3,400,000 Required: 1. Calculate the following profitability ratios for 2018 (Round your answers to 1 decimal...
SimWrite Income Statement SimWrite Balance Sheet Beg Balance Sales Revenue 950,000 Cost Of Goods Sold 500,000 Operating Expense 190,000 Promotion Expenses 75,000 R & D Expense 25,000 Operating Income 160,000 Interest Expense & Other 36,000 Taxes 37,200 Net Income 86,800 Assets Balance Cash & Equivalents 50,000 Accounts Receivabl200,000 Inventories 210,000 Other Current Assets 460,000 Net Plant, Property 800,000 Other LT Assets Total Assets 1,260,000 Short Term debt 180,000 Long Term Debt 450,000 Owner's Equity 630,000 Retained Earnings Total Liabilities &...
Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Income Statement Data for Year $66,800 $413,000 46,000 308,000 14,400 77,000 680 1,800 (90) (380) 1,400 6,900 $4,230 $18,920 Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Balance Sheet Data (End of Year) $18,000 $47,000 27,500 121,000 $45,500 $168,000 $11,000 $54,000 16,800 45,000 17,700 69,000 $45,500 $168,000 Total assets Total...
Finch's past experience indicates that cost of goods sold is about 60 percent of sales revenue. The company tries to maintain 15 percent of the next quarter's expected cost of goods sold as the current quarter's ending inventory. This year's ending inventory is $39,000. Next year's ending inventory is budgeted to be $40,000. Required a. Prepare an inventory purchases budget using the sales manager's estimate. b. Prepare an inventory purchases budget using the marketing consultant's estimate. Complete this question by...
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