Homework Answers
Return on Assets = Net Income / Average Total Assets
Net Income = Sales - Cost of Goods Sold - Operating Expense
= $4,83,949 - $1,24,488 - $1,09,761
= $2,49,700
Average Total Assets = (Opening Total Assets + Closing Total Assets) / 2
= (4,08,768 + $4,98,368) / 2
= $4,53,568
So, Return on Assets = $2,49,700 / $4,53,568
= 55.05%
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Consider the following information from the financial statements for Rock Inc. This Year Last Year 23,835...
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts...
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 24,416 24,390 Inventory 30,894 31,997 Total Current Assets 150,851 189,175 Total Assets 469,664 402,653 Total Current Liabilities 24,417 28,031 Total Liabilities 270,579 246,978 Sales 489,521 Cost of Goods Sold 113,259 Operating Expenses 142,811 Calculate return on assets. (enter 2 decimal places. e.g. enter .2968 as .30)
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts...
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 22,078 26,350 Inventory 35,422 37,640 Total Current Assets 151,140 172,928 Total Assets 484,870 479,524 Total Current Liabilities 25,497 27,190 Total Liabilities 210,959 216,909 Sales 446,974 Cost of Goods Sold 119,111 Operating Expenses 101,372 Calculate this year's current ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
Consider the following information from the financial statements for Rock Inc. Last Year This Year 29,074...
Consider the following information from the financial statements for Rock Inc. Last Year This Year 29,074 33,987 124,547 Accounts Receivable 29,966 Inventory 32,395 Total Current Assets 196,534 Total Assets 444,758 Total Current Liabilities 25,574 Total Liabilities 295,081 495,782 25,702 207,610 Sales 425,647 149.997 Cost of Goods Sold Operating Expenses 135.070 Calculate this year's debt-to-equity ratio. (enter 2 decimal places. e.g. enter.2968 as.30)
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts...
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 27,856 20,168 Inventory 36,081 36,265 Total Current Assets 154,987 123,922 Total Assets 495,716 461,233 Total Current Liabilities 23,684 27,934 Total Liabilities 286,894 283,888 Sales 411,580 Cost of Goods Sold 137,464 Operating Expenses 122,128 Calculate this year's debt-to-equity ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts...
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 23,670 26,153 Inventory 36,403 38,720 Total Current Assets 186,067 169,548 Total Assets 418,334 443,628 Total Current Liabilities 26,167 21,446 Total Liabilities 308,281 204,243 Sales 411,414 Cost of Goods Sold 120,711 Operating Expenses 145,190 Calculate this year's debt-to-equity ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts...
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 23,535 29,197 Inventory 31,858 36,758 Total Current Assets 155,103 156,774 481,648 Total Assets 433,593 Total Current Liabilities 28,578 21,489 Total Liabilities 260,101 205,624 Sales 473,864 Cost of Goods Sold 142,263 148,349 Operating Expenses Tax Expense 7 Calculate this years' gross profit ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts...
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 22,499 20,667 Inventory 30,491 36,869 Total Current Assets 180,688 151,813 Total Assets 458,399 440,185 Total Current Liabilities 29,441 20,617 Total Liabilities 338,182 247,559 Sales 459,715 Cost of Goods Sold 115,910 Operating Expenses 139,991 Tax Expense 6 Calculate this years' gross profit ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts...
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 25,316 24,621 Inventory 39,081 36,776 Total Current Assets 144,888 124,335 Total Assets 448,597 451,544 Total Current Liabilities 22,884 24,910 Total Liabilities 260,458 330,533 Sales 471,370 Cost of Goods Sold 142,148 Operating Expenses 106,554 Tax Expense 10 Calculate this years' gross profit ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts...
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 25,316 24,621 Inventory 39,081 36,776 Total Current Assets 144,888 124,335 Total Assets 448,597 451,544 Total Current Liabilities 22,884 24,910 Total Liabilities 260,458 330,533 Sales 471,370 Cost of Goods Sold 142,148 Operating Expenses 106,554 Tax Expense 10 Calculate this years' gross profit ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
Consider the following information from the financial statements for Rock Inc. Last Year Accounts Receivable Inventory...
Consider the following information from the financial statements for Rock Inc. Last Year Accounts Receivable Inventory Total Current Assets Total Assets Total Current Liabilities Total Liabilities 26,095 39,156 130,139 489,080 21,052 266,694 This Year 29.765 30.537 188,861 428.940 28.101 305,204 Sales Cost of Goods Sold Operating Expenses 448.077 148,888 121.631 Calculate return on assets. (enter 2 decimal places. e... enter 2968 as 30)
Consider the following information from the financial statements for Rock Inc. Last Year This Year 29,074 33,987 124,547 Accounts Receivable 29,966 Inventory 32,395 Total Current Assets 196,534 Total Assets 444,758 Total Current Liabilities 25,574 Total Liabilities 295,081 495,782 25,702 207,610 Sales 425,647 149.997 Cost of Goods Sold Operating Expenses 135.070 Calculate this year's debt-to-equity ratio. (enter 2 decimal places. e.g. enter.2968 as.30)
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 23,670 26,153 Inventory 36,403 38,720 Total Current Assets 186,067 169,548 Total Assets 418,334 443,628 Total Current Liabilities 26,167 21,446 Total Liabilities 308,281 204,243 Sales 411,414 Cost of Goods Sold 120,711 Operating Expenses 145,190 Calculate this year's debt-to-equity ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 23,535 29,197 Inventory 31,858 36,758 Total Current Assets 155,103 156,774 481,648 Total Assets 433,593 Total Current Liabilities 28,578 21,489 Total Liabilities 260,101 205,624 Sales 473,864 Cost of Goods Sold 142,263 148,349 Operating Expenses Tax Expense 7 Calculate this years' gross profit ratio. (enter 2 decimal places. e.g. enter .2968 as .30)
Consider the following information from the financial statements for Rock Inc. Last Year Accounts Receivable Inventory Total Current Assets Total Assets Total Current Liabilities Total Liabilities 26,095 39,156 130,139 489,080 21,052 266,694 This Year 29.765 30.537 188,861 428.940 28.101 305,204 Sales Cost of Goods Sold Operating Expenses 448.077 148,888 121.631 Calculate return on assets. (enter 2 decimal places. e... enter 2968 as 30)
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