How do you calculate other operating expenses if you only have sales revenue, cost of sales,...
How do you calculate other operating expenses if you only have sales revenue, cost of sales, net income(loss), total assets, and stockholders' equity?
Homework Answers
Other Operating Expenses = Gross Profit - Net Income
Explanation:
1) Normally net income is arrived by deduct operating expenses from gross profit and gross profit is arrived by deducting cost of sales from sales revenue which are available in the question.
2) We do not need of total assets and equity details in order to calculate equity.
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How do you calculate other operating expenses if you only have
sales revenue, cost of sales,...
Income Statement Sales/Revenue Total revenue 76,480,000,000 Cost of Revenue 25,110,000,000 Gross Profit 51,370,000,000 Operating Exp 31,810,000,000...
Income Statement Sales/Revenue Total revenue 76,480,000,000 Cost of Revenue 25,110,000,000 Gross Profit 51,370,000,000 Operating Exp 31,810,000,000 Selling General & Admin - Other Operating Expense 3,390,000,000 Unusual Expense 16,180,000,000 EBIT after Unusual Expense 2,130,000,000 Non Operating Income/Expense 385,000,000 Equity in Affiliates (Pretax) 1,020,000,000 Interest Expense 17,670,000,000 Pretax Income 16,370,000,000 Other After Tax Income (Expense) 1,300,000,000 Consolidated Net Income - Minority Interest Expense 1,300,000,000 Net Income - Discontinued Operations 1,300,000,000 Net Income After Extraordinaries - Preferred Dividends 1,300,000,000 Net Income Available to...
Income Statement Revenue Total revenue $470,100 Cost of Revenue $149,700 Gross Profit $320,100 Operating Exp Selling...
Income Statement Revenue Total revenue $470,100 Cost of Revenue $149,700 Gross Profit $320,100 Operating Exp Selling General & Admin $57,800 other $17,400 Total Operating Exp $269,900 Operating Income or Loss $200,200 Income from Continuing Operations Expenses Net/Total other Income $114,400 Earnings before Int & Tax $200,200 Interest Exp -$32,200 Income before Tax $314,600 Income Tax Exp $100 Minority Interest $23,300 Net Income from Continuing Ops $314,500 Net Income $295,300 Net Income applicable to common shares $230,700 Balance Sheet Current Assets...
Compute Cost of Sales,Selling, General and Admin Expenses and taxes as a percent of revenue...
1) Compute Cost of Sales,Selling, General and Admin Expenses and taxes as a percent of revenue for 2012,2011 and explain how Google net income has changed over the three year period2) Compute current and non current assets as a percent of total assets and explain how google asset structure changed from 2011 to 20123) Compute current and long term liabilities as a percent of total assets and explain how google reliance on liabilites as a source of financing changed from...
$ $ Other Income and (Expenses) Net Sales Revenue Gain on Discontinued Operations (7,200) 81,000 Cost...
$ $ Other Income and (Expenses) Net Sales Revenue Gain on Discontinued Operations (7,200) 81,000 Cost of Goods Sold Operating Expenses 30,000 25,000 3,600 Prepare ABC's income statement for the year ended December 31, 2018. Omit earnings per share. Use the multi-step format. ABC Corporation Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 81,000 30,000 Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Income and (Expenses) Income Before Income Taxes 51,000 25,000 26,000 (7,200)...
Sales $7000 3000 Less: Cost of goods sold Gross Profit Less: Operating expenses Selling expenses General...
Sales $7000 3000 Less: Cost of goods sold Gross Profit Less: Operating expenses Selling expenses General and administrative expenses Lease expenses Depreciation expenses Total operating expenses Operating profits Less: Interest expenses Net profit before taxes Less: Taxes (30%) Net profit after taxes Less: Preferred stock dividends Earnings available for common stockholders Less: Common stock dividends Retained earnings 2220 200 2020 500 2013 2012 2013 Assets Current Assets Cash Account Receivable Inventory Total current assets 980 800 500 2280 2200 Liabilities...
Nash Co. reports the following information for 2020: sales revenue $780,100,cost of goods sold $514,200, operating...
Nash Co. reports the following information for 2020: sales revenue $780,100,cost of goods sold $514,200, operating expenses $86,500, and an unrealized holding loss on available-for-sale debt securities for 2020 of $55,800. It declared and paid a cash dividend of $12,750 in 2020. Nash Co. has January 1, 2020, balances in common stock $361,000; accumulated other comprehensive income $88,900, and retained earnings $92,560. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders' equity. NASH CO. Statement...
Solano Company has sales of $780,000, cost of goods sold of $510,000, other operating expenses of...
Solano Company has sales of $780,000, cost of goods sold of
$510,000, other operating expenses of $38,000, average invested
assets of $2,300,000, and a hurdle rate of 12 percent.
c. Operating expenses increase by 10 percent. Return on Investment Residual Income (Loss) d. Average invested assets increase by $440,000. Return on Investment Residual Income (Loss) 196.800) e. Solano changes its hurdle rate to 18 percent. Return on Investment 10.09% Residual Income (Loss)
Kaler Company has sales of $1,290,000, cost of goods sold of $755,000, other operating expenses of...
Kaler Company has sales of $1,290,000, cost of goods sold of $755,000, other operating expenses of $168,000, average invested assets of $3,800,000, and a hurdle rate of 11 percent Required: 1. Determine Kaler's return on investment (ROI), investment turnover, profit margin, and residual income. (Do not round your intermediate calculations. Enter your ROI and Profit Margin answer to the nearest whole percentage, (i.e., 0.1234 should be entered as 12%). Round your Investment Turnover answers to 4 decimal places.) Return on...
Solano Company has sales of $760,000, cost of goods sold of $500,000, other operating expenses of...
Solano Company has sales of $760,000, cost of goods sold of $500,000, other operating expenses of $40,000, average invested assets of $2,250,000, and a hurdle rate of 11 percent. Required: 1. Determine Solano's return on investment (ROI), investment turnover, profit margin, and residual income. (Do not round your intermediate calculations. Enter your ROI and Profit Margin percentage answer to the nearest 2 decimal places, (i.e., 0.1234 should be entered as 12.34%). Round your Investment Turnover answer to 4 decimal places.)...
How do you calculate is the Net cash flow provided by operations? Avatar Company uses the...
How do you calculate is the Net cash flow provided by operations? Avatar Company uses the indirect method to prepare the statement of cash flows. Please refer to the following income statement Sales revenue $240,000 Interest revenue 1,000 Gain on sale of plant assets 4,000 Total revenues and gains $245,000 Cout of goods sold 110,000 Salary expense 45,000 Depreciation expense 12,000 Other operating expenses 23,000 Interest expense 1,000 Income tax expense 5,000 Total expenses $196,000 Net income (loss) $49.000 Other...
$ $ Other Income and (Expenses) Net Sales Revenue Gain on Discontinued Operations (7,200) 81,000 Cost of Goods Sold Operating Expenses 30,000 25,000 3,600 Prepare ABC's income statement for the year ended December 31, 2018. Omit earnings per share. Use the multi-step format. ABC Corporation Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 81,000 30,000 Cost of Goods Sold Gross Profit Operating Expenses Operating Income Other Income and (Expenses) Income Before Income Taxes 51,000 25,000 26,000 (7,200)...
Sales $7000 3000 Less: Cost of goods sold Gross Profit Less: Operating expenses Selling expenses General and administrative expenses Lease expenses Depreciation expenses Total operating expenses Operating profits Less: Interest expenses Net profit before taxes Less: Taxes (30%) Net profit after taxes Less: Preferred stock dividends Earnings available for common stockholders Less: Common stock dividends Retained earnings 2220 200 2020 500 2013 2012 2013 Assets Current Assets Cash Account Receivable Inventory Total current assets 980 800 500 2280 2200 Liabilities...
Nash Co. reports the following information for 2020: sales revenue $780,100,cost of goods sold $514,200, operating expenses $86,500, and an unrealized holding loss on available-for-sale debt securities for 2020 of $55,800. It declared and paid a cash dividend of $12,750 in 2020. Nash Co. has January 1, 2020, balances in common stock $361,000; accumulated other comprehensive income $88,900, and retained earnings $92,560. It issued no stock during 2020. (Ignore income taxes.) Prepare a statement of stockholders' equity. NASH CO. Statement...
Solano Company has sales of $780,000, cost of goods sold of
$510,000, other operating expenses of $38,000, average invested
assets of $2,300,000, and a hurdle rate of 12 percent.
c. Operating expenses increase by 10 percent. Return on Investment Residual Income (Loss) d. Average invested assets increase by $440,000. Return on Investment Residual Income (Loss) 196.800) e. Solano changes its hurdle rate to 18 percent. Return on Investment 10.09% Residual Income (Loss)
Kaler Company has sales of $1,290,000, cost of goods sold of $755,000, other operating expenses of $168,000, average invested assets of $3,800,000, and a hurdle rate of 11 percent Required: 1. Determine Kaler's return on investment (ROI), investment turnover, profit margin, and residual income. (Do not round your intermediate calculations. Enter your ROI and Profit Margin answer to the nearest whole percentage, (i.e., 0.1234 should be entered as 12%). Round your Investment Turnover answers to 4 decimal places.) Return on...
Solano Company has sales of $760,000, cost of goods sold of $500,000, other operating expenses of $40,000, average invested assets of $2,250,000, and a hurdle rate of 11 percent. Required: 1. Determine Solano's return on investment (ROI), investment turnover, profit margin, and residual income. (Do not round your intermediate calculations. Enter your ROI and Profit Margin percentage answer to the nearest 2 decimal places, (i.e., 0.1234 should be entered as 12.34%). Round your Investment Turnover answer to 4 decimal places.)...
How do you calculate is the Net cash flow provided by operations? Avatar Company uses the indirect method to prepare the statement of cash flows. Please refer to the following income statement Sales revenue $240,000 Interest revenue 1,000 Gain on sale of plant assets 4,000 Total revenues and gains $245,000 Cout of goods sold 110,000 Salary expense 45,000 Depreciation expense 12,000 Other operating expenses 23,000 Interest expense 1,000 Income tax expense 5,000 Total expenses $196,000 Net income (loss) $49.000 Other...
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