Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below (in millions):
Dils Brothers Co. |
J. Cox, Inc. |
|
Total liabilities, 2016 |
$73,044 |
$54,196 |
Total liabilities, 2015 |
72,208 |
60,092 |
Total assets, 2016 |
92,372 |
65,744 |
Total assets, 2015 |
93,028 |
70,416 |
Revenue, 2016 |
322,932 |
163,404 |
Net income, 2016 |
2,600 |
4,415 |
To the nearest hundredth of a percent, what is the 2016 return on
sales ratio for Dils Brothers Co.?
Select one:
A. 0.81%
B. 0.38%
C. 0.30%
D. Not enough information provided
On October 1, 2016, A. Kushner entered into a lease agreement to
rent out its old warehouse space it was no longer using. This
agreement calls for Kushner to receive $12,000 per month from the
lessee, due and payable at the end of the 4-month lease term. At
December 31, 2017, none of the rental payments from the lessee had
yet been received.
If Kushner makes the appropriate adjusting entry, how much will be
reported on the December 31, 2016 balance sheet as rent
receivable?
Select one:
A. $16,000
B. $36,000
C. $ 8,000
D. $32,000
In which of the following would an opinion regarding the fair presentation of financial statements appear?
Select one:
A. Form 10-K
B. Notes to the Financial Statements
C. Auditors report
D. Management Discussion and Analysis
Determine Sales Revenue for Backstone Company with the following data.
Cost of Goods Sold |
$2,240,000 |
Operating Expenses |
560,000 |
Sales Discounts |
40,000 |
Sales Returns and Allowances |
260,000 |
Net Income |
680,000 |
Select one:
A. $3,260,000
B. $3,700,000
C. $3,180,000
D. $3,780,000
Question 1:-
The return on Sales ratio for Dils Brother Co. can be calculated as follows:-
Return on sales = Net Income/Sales(Revenue)
Return on Sales = $2,600/$322,932
Return on Sales = 0.81%(Rounded)
Based on the above calculation, the correct answer is Option A - 0.81%.
Option B, Option C are incorrect based on the above explanation.
Option E is incorrect as we have enough information to calculate the answer.
Kindly note that i have answered the first question per the Chegg answering guidelines. Request you to post the remaining question separately so that we can answer them as well. All the best and please let me know if you have any questions via the comments section .
Data from the financial statements of Dils Brothers Co. and J. Cox, Inc. are presented below...
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Data from the financial statements of Creativity Crafts and Fun Projects, Inc. are presented below (in millions): Creativity Crafts Fun Projects, Inc. Total liabilities, 2019 $47,940 $38,190 Total liabilities, 2018 54,160 45,070 Total assets, 2019 87,830 64,530 Total assets, 2018 82,350 61,610 Net sales, 2019 230,200 122,550 Net income, 2019 4,200 2,360 To the nearest hundredth of a percent, what is the 2019 return on sales ratio for Creativity Crafts? Select one: A. Not enough information provided B. 1.83% C....
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Amazon.com, Inc.’s financial statements are
presented
Financial statements of Wal-Mart Stores, Inc. are
presented
(a)
Based on the information contained in these financial statements,
compute free cash flow for Amazon at December 31, 2016 and Wal-Mart
for January 31, 2017. (Show a negative free cash flow
with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).
Enter amounts in millions.)
Amazon.com, Inc.
Wal-Mart Stores, Inc.
Free cash flow
$Enter the amount in millions
of dollars
$Enter the amount...