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Question 14 12 pts Account Current year Prior year Net sales $219,000 $180,000 Cost of...
15. Account Current year Prior year Net sales $219,000 $180,000 Cost of Goods Sold $125,000 $110,000...
15.
Account Current year Prior year Net sales $219,000 $180,000 Cost of Goods Sold $125,000 $110,000 Gross Profit $94,000 $70,000 Income from operations $32,000 $30,000 Interest expense $2,000 $7,000 Net income $25,000 $18,000 Also known: Total assets in the prior year were $325,500, and in the current year are $345,500. What is the prior year's return on sales? 10.0% 14.6% 21.7% 11.4%
Question 15 Prior year Account Current year $219,000 $180,000 Net sales $125.000 $110,000 Cost of Goods...
Question 15 Prior year Account Current year $219,000 $180,000 Net sales $125.000 $110,000 Cost of Goods Sold $94,000 $70,000 Gross Pront $32.000 $30,000 Income from operations $2.000 $7,000 Interest expense $25,000 $18,000 Net income Also known: Total assets in the prior year were $325,500, and in the current year are $345,500. What is the prior year's return on sales? 21.7% 14.6% 11.4% O 10.0%
Question 13 Prior year Account Current year Net sales $219.000 $125,000 $180,000 $110.000 Cost of Goods...
Question 13 Prior year Account Current year Net sales $219.000 $125,000 $180,000 $110.000 Cost of Goods Sold $94.000 $70,000 Gross Pront Income from operations $32,000 $30,000 $7.000 Interest expense $2.000 Net Income $25,000 $18,000 Also known: Total assets in the prior year were $325,500, and in the current year are $345,500. What is the current year's return on total assets? 7.8 O BOX 7.4% 10.18
Question 13 Prior year Account Current year Net sales $219.000 $125,000 $180,000 $110.000 Cost of Goods...
Question 13 Prior year Account Current year Net sales $219.000 $125,000 $180,000 $110.000 Cost of Goods Sold $94.000 $70,000 Gross Pront Income from operations $32,000 $30,000 $7.000 Interest expense $2.000 Net Income $25,000 $18,000 Also known: Total assets in the prior year were $325,500, and in the current year are $345,500. What is the current year's return on total assets? 7.8 O BOX 7.4% 10.18
Question 11 A company reported the following amounts of net income: 2 pts Year 1 Year...
Question 11 A company reported the following amounts of net income: 2 pts Year 1 Year 2 Year 3 $15,000 $21,000 $31,500 If you performed a horizontal analysis between year 2 and year 3, what is the percentage change? O 50.00% O 110.00% 150.00% 40.00% 2 pts The Nichols Corporation data for the current year: 2 pts AM 000 000 Long-term Commonstad 5,000 Shares Remed cam Net COGS Gross Pro Selling Generales Net Income before taxe Income tax expen Net...
VanRee Recycling Inc. is expecting sales to rise 12 percent next year. Their most recent income...
VanRee Recycling Inc. is expecting sales to rise 12 percent next year. Their most recent income statement and next year's projected income statement are below Income Statement This Year ecte 1,120,000 (481,600) (180,000) 458,400 (130,000) 328,400 Sales 1,000,000 (430,000) (180,000) 390,000 (130,000) 260,000 (78,000) 182,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) (98,520 Net Income 229,880 Dividends 109,200 137,928 Additions to Retained Earnings 72,800 91,952 This year's Balance Sheet is: Balance Sheet Cash 70,000 30,000 80,000 Accounts pay 60,000...
Account Current Year Prior Year Net sales (all credit) $445,400 $362,000 Costs of goods sold $220,000...
Account Current Year Prior Year Net sales (all credit) $445,400 $362,000 Costs of goods sold $220,000 $185,000 Gross profit $225,400 $177,000 Income from operations $72,000 $80,000 Interest expense $8,000 $14,000 Net income $40,000 $35,000 Cash $34,000 $28,000 Accounts receivable, net $42,000 $62,000 Inventory $120,000 $100,000 Prepaid expenses $4,000 $2,000 Total current assets $200,000 $192,000 Total long-term assets $200,000 $230,000 Total current liabilities $100,000 $165,000 Total long-term liabilities $44,000 $95,000 Common stock, no par, $8,000 shares, value $120/share $80,000 $80,000 D....
VanRee Recycling Inc. is expecting sales to rise 18 percent next year. Their most recent income...
VanRee Recycling Inc. is expecting sales to rise 18 percent next year. Their most recent income statement and next year's projected income statement are below Income Statement This Year 1,000,000 (400,000) (180,000) 420,000 (130,000) 290,000 (87,000) 203,000 Projected 1,180,000 (472,000) (180,000) 528,000 (130,000) 398,000 (119,400), 278,600 Sales Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 121,800 167,160 Additions to Retained Earnings 81,200 111,440 This year's Balance Sheet is Balance Sheet 60,000 25,000 85,000 Cash 70,000 30,000 80,000...
Account Current Year Prior Year Net sales (all credit) $445,400 $362,000 Costs of goods sold $220,000...
Account Current Year Prior Year Net sales (all credit) $445,400 $362,000 Costs of goods sold $220,000 $185,000 Gross profit $225,400 $177,000 Income from operations $72,000 $80,000 Interest expense $8,000 $14,000 Net income $40,000 $35,000 Cash $34,000 $28,000 Accounts receivable, net $42,000 $62,000 Inventory $120,000 $100,000 Prepaid expenses $4,000 $2,000 Total current assets $200,000 $192,000 Total long-term assets $200,000 $230,000 Total current liabilities $100,000 $165,000 Total long-term liabilities $44,000 $95,000 Common stock, no par, $8,000 shares, value $120/share $80,000 $80,000 a....
Continuing with the previous problem, Cromwell's projected Income Statement is: Income Statement Projected 1,200,000 (300,000) (180,000)...
Continuing with the previous problem, Cromwell's projected Income Statement is: Income Statement Projected 1,200,000 (300,000) (180,000) 720,000 (130,000) 590,000 (177,000) 413,000 Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income 308,000 Dividends 231,000 309,750 Additions to Retained Earnings 77,000 103,250 This year's Balance Sheet is Balance Sheet Cash 70,000 Accounts pay Notes payable Current Liab 60,000 25,000 85,000 Accounts rec 30,000 Inventory 80,000 Current Assets 180,000 Long-term debt 250,000 Fixed Assets...
15.
Account Current year Prior year Net sales $219,000 $180,000 Cost of Goods Sold $125,000 $110,000 Gross Profit $94,000 $70,000 Income from operations $32,000 $30,000 Interest expense $2,000 $7,000 Net income $25,000 $18,000 Also known: Total assets in the prior year were $325,500, and in the current year are $345,500. What is the prior year's return on sales? 10.0% 14.6% 21.7% 11.4%
Question 15 Prior year Account Current year $219,000 $180,000 Net sales $125.000 $110,000 Cost of Goods Sold $94,000 $70,000 Gross Pront $32.000 $30,000 Income from operations $2.000 $7,000 Interest expense $25,000 $18,000 Net income Also known: Total assets in the prior year were $325,500, and in the current year are $345,500. What is the prior year's return on sales? 21.7% 14.6% 11.4% O 10.0%
Question 13 Prior year Account Current year Net sales $219.000 $125,000 $180,000 $110.000 Cost of Goods Sold $94.000 $70,000 Gross Pront Income from operations $32,000 $30,000 $7.000 Interest expense $2.000 Net Income $25,000 $18,000 Also known: Total assets in the prior year were $325,500, and in the current year are $345,500. What is the current year's return on total assets? 7.8 O BOX 7.4% 10.18
Question 13 Prior year Account Current year Net sales $219.000 $125,000 $180,000 $110.000 Cost of Goods Sold $94.000 $70,000 Gross Pront Income from operations $32,000 $30,000 $7.000 Interest expense $2.000 Net Income $25,000 $18,000 Also known: Total assets in the prior year were $325,500, and in the current year are $345,500. What is the current year's return on total assets? 7.8 O BOX 7.4% 10.18
Question 11 A company reported the following amounts of net income: 2 pts Year 1 Year 2 Year 3 $15,000 $21,000 $31,500 If you performed a horizontal analysis between year 2 and year 3, what is the percentage change? O 50.00% O 110.00% 150.00% 40.00% 2 pts The Nichols Corporation data for the current year: 2 pts AM 000 000 Long-term Commonstad 5,000 Shares Remed cam Net COGS Gross Pro Selling Generales Net Income before taxe Income tax expen Net...
VanRee Recycling Inc. is expecting sales to rise 12 percent next year. Their most recent income statement and next year's projected income statement are below Income Statement This Year ecte 1,120,000 (481,600) (180,000) 458,400 (130,000) 328,400 Sales 1,000,000 (430,000) (180,000) 390,000 (130,000) 260,000 (78,000) 182,000 Costs Depreciation EBIT Interest expense EBT Taxes (.3) (98,520 Net Income 229,880 Dividends 109,200 137,928 Additions to Retained Earnings 72,800 91,952 This year's Balance Sheet is: Balance Sheet Cash 70,000 30,000 80,000 Accounts pay 60,000...
VanRee Recycling Inc. is expecting sales to rise 18 percent next year. Their most recent income statement and next year's projected income statement are below Income Statement This Year 1,000,000 (400,000) (180,000) 420,000 (130,000) 290,000 (87,000) 203,000 Projected 1,180,000 (472,000) (180,000) 528,000 (130,000) 398,000 (119,400), 278,600 Sales Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income Dividends 121,800 167,160 Additions to Retained Earnings 81,200 111,440 This year's Balance Sheet is Balance Sheet 60,000 25,000 85,000 Cash 70,000 30,000 80,000...
Continuing with the previous problem, Cromwell's projected Income Statement is: Income Statement Projected 1,200,000 (300,000) (180,000) 720,000 (130,000) 590,000 (177,000) 413,000 Sales 1,000,000 (250,000) (180,000) 570,000 (130,000) 440,000 (132,000) Costs Depreciation EBIT Interest expense EBT Taxes (.3) Net Income 308,000 Dividends 231,000 309,750 Additions to Retained Earnings 77,000 103,250 This year's Balance Sheet is Balance Sheet Cash 70,000 Accounts pay Notes payable Current Liab 60,000 25,000 85,000 Accounts rec 30,000 Inventory 80,000 Current Assets 180,000 Long-term debt 250,000 Fixed Assets...
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