Homework Answers
Ans a) Net sales 33.350.7
Ans b) Operational income is income/revenue from core operation of business e.g. sales
But Finance and interest will not be considered as operational income
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E5-40. Identifying Operating Income Components Following is the Deere & Company income statement for 2018. $...
The following is Beta Industries income statement: Net sales $19,207 Cost of products sold 5,928 Marketing,...
The following is Beta Industries income statement: Net sales $19,207 Cost of products sold 5,928 Marketing, selling and administrative 5,106 Advertising and product promotion 1,476 Research and development 2,746 Provision for restructuring, net 32 Litigation settlement, net 269 Gain on disposal of assets (569) Equity in net income of unconsolidated affiliates (334) Interest expense, net 37 Total expenses 14,691 Earnings before income taxes 4,516 Provision for income taxes 932 Net earnings $ 3,584 Notes: • Equity in income of unconsolidated...
Income statements for Rundle Company for 2018 and 2019 follow: RUNDLE COMPANY Income Statement...
Income statements for Rundle Company for 2018 and 2019 follow: RUNDLE COMPANY Income Statements 2019 2018 Sales $ 200,900 $ 180,900 Cost of goods sold 143,900 121,900 Selling expenses 20,100 18,100 Administrative expenses 12,800 14,800 Interest expense 3,900 5,900 Total expenses $ 180,700 $ 160,700 Income before taxes 20,200 20,200 Income taxes expense 6,600 3,500 Net income $ 13,600 $ 16,700 Required Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. Perform...
Analyzing and Interpreting Income Components and Disclosures The income statement for Xerox Corporation follows. Year ended...
Analyzing and Interpreting Income Components and Disclosures The income statement for Xerox Corporation follows. Year ended December 31 (in millions) 2008 2007 2006 Revenues Sales $8,325 $8,192 $7,464 Service, outsourcing and rentals 8,485 8,214 7,591 Finance income 798 822 840 Total Revenues 17,608 17,228 15,895 Cost and expenses Cost of sales 5,519 5,254 4,803 Cost of service, outsourcing and rentals 4,929 4,707 4,328 Equipment financing interest 305 316 305 Research, development, and engeineering expenses 884 912 922 Selling, administrative and...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, 2018 Jan. 31, 2017 $495,761 4,582 500,343 0 0 $481,317 4 ,556 0 485,873 373,396 106,510 0 o 361,256 101,853 20,437 22,764 Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses 0 Operating income 1 Interest: 2 Debt 3 Capital lease and financing obligations 4 Interest income 5 Interest, net...
income statement Please solve debt management ratio and profitabilty ratio also explain what you did for...
income statement
Please solve debt management ratio and profitabilty ratio also
explain what you did
for
2019
Walmart Inc. Consolidated Statements of Income Fiscal Years Eaded January 31, 2018 2017 2019 s 510,329 $ 4,076 514,405 495,761 S 4,582 500,343 481,317 4556 485,873 385,301 107,147 21,957 373,396 106,510 20,437 361 256 101 853 22,764 (Amount in millions, cept per share data) Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling general and...
4. Reconstruct the following Income Statement. Exercise: Income Statement MY Company Income Statement December 31, 2018...
4. Reconstruct the following Income Statement. Exercise: Income Statement MY Company Income Statement December 31, 2018 (amounts in thousands) Net sales $10.500 Cost of goods sold (a) Selling expenses 2,561 Administrative expenses 458 Interest expenses (b) Other expenses 554 Income before taxes 2,046 Income tax expenses (c) Net income S (d) Use the following ratio data to complete FS Company's income statement. Inventory turnover is 4 (beginning inventory was $895, ending inventory was $758) 826.5 * Inventory turnover = Cost...
Income statements for Finch Company for 2018 and 2019 follow: FINCH COMPANY Income Statements 2019 2018...
Income statements for Finch Company for 2018 and 2019 follow: FINCH COMPANY Income Statements 2019 2018 Sales $ 202,000 $ 182,000 Cost of goods sold 143,400 121,400 Selling expenses 20,200 18,200 Administrative expenses 12,200 14,200 Interest expense 3,100 5,100 Total expenses $ 178,900 $ 158,900 Income before taxes 23,100 23,100 Income taxes expense 5,400 3,400 Net income $ 17,700 $ 19,700 Required Perform a horizontal analysis, showing the percentage change in each income statement component between 2018 and 2019. Perform...
Forecasting an Income Statement AutoZone Inc. reports the following income statements. Consolidated Statement of Income ($...
Forecasting an Income Statement AutoZone Inc. reports the following income statements. Consolidated Statement of Income ($ in Thousands) 12 Months Ended Aug. 27, 2016 Net sales $10,635,676 Cost of sales, including warehouse and delivery expenses 5,026,940 Gross profit 5,608,736 Operating, selling, general and administrative expenses 3,548,341 Operating profit 2,060,395 Interest expense, net 147,681 Income before income taxes 1,912,714 Income tax expense 671,707 Net income $1,241,007 Forecast AutoZone's 2017 income statement assuming the following income statement relations ($ in thousands). All...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, Jan. 31, You Must Use Excel Formulas in Yellow Boxes 2018 2017 Revenues: Horizontal Horizontal Dollar Value Percent $495,761 $481,317 Net sales Membership and other income 4,582 4,556 Total revenues 500,343 485,873 Costs and expenses: Cost of sales Gross Profit Operating, selling, general and 373,396 361,256 126,947 124,617 106,510 101,853 administrative expenses 20,437 22,764 Operating income Interest: Debt Capital lease and financing...
A common-size income statement for Creek Enterprises' 2018 operations follows: Creek Enterprises Income Statement for the...
A common-size income statement for Creek Enterprises' 2018 operations follows: Creek Enterprises Income Statement for the Year Ended December 31, 2018 Sales revenue ($34,966,000) 100.0 % Less: Cost of goods sold 65.6 Gross profits 34.4 % Less: Operating expenses Selling expense 12.7 % General and administrative expenses 6.3 Lease expense 0.5 Depreciation expense ...
Analyzing and Interpreting Income Components and Disclosures The income statement for Xerox Corporation follows. Year ended December 31 (in millions) 2008 2007 2006 Revenues Sales $8,325 $8,192 $7,464 Service, outsourcing and rentals 8,485 8,214 7,591 Finance income 798 822 840 Total Revenues 17,608 17,228 15,895 Cost and expenses Cost of sales 5,519 5,254 4,803 Cost of service, outsourcing and rentals 4,929 4,707 4,328 Equipment financing interest 305 316 305 Research, development, and engeineering expenses 884 912 922 Selling, administrative and...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, 2018 Jan. 31, 2017 $495,761 4,582 500,343 0 0 $481,317 4 ,556 0 485,873 373,396 106,510 0 o 361,256 101,853 20,437 22,764 Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses 0 Operating income 1 Interest: 2 Debt 3 Capital lease and financing obligations 4 Interest income 5 Interest, net...
income statement
Please solve debt management ratio and profitabilty ratio also
explain what you did
for
2019
Walmart Inc. Consolidated Statements of Income Fiscal Years Eaded January 31, 2018 2017 2019 s 510,329 $ 4,076 514,405 495,761 S 4,582 500,343 481,317 4556 485,873 385,301 107,147 21,957 373,396 106,510 20,437 361 256 101 853 22,764 (Amount in millions, cept per share data) Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling general and...
4. Reconstruct the following Income Statement. Exercise: Income Statement MY Company Income Statement December 31, 2018 (amounts in thousands) Net sales $10.500 Cost of goods sold (a) Selling expenses 2,561 Administrative expenses 458 Interest expenses (b) Other expenses 554 Income before taxes 2,046 Income tax expenses (c) Net income S (d) Use the following ratio data to complete FS Company's income statement. Inventory turnover is 4 (beginning inventory was $895, ending inventory was $758) 826.5 * Inventory turnover = Cost...
12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, $ in Millions Jan. 31, Jan. 31, You Must Use Excel Formulas in Yellow Boxes 2018 2017 Revenues: Horizontal Horizontal Dollar Value Percent $495,761 $481,317 Net sales Membership and other income 4,582 4,556 Total revenues 500,343 485,873 Costs and expenses: Cost of sales Gross Profit Operating, selling, general and 373,396 361,256 126,947 124,617 106,510 101,853 administrative expenses 20,437 22,764 Operating income Interest: Debt Capital lease and financing...
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