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Auditing exercise Ratio calculations of an airline (service) industry Liquidity Ratio's Gross Profit Margin Gross Profit...
The comparative statements of Enchanted Ltd are presented here. ENCHANTED LTD Statement of profit or loss...
The comparative statements of Enchanted Ltd are
presented here.
ENCHANTED LTD
Statement of profit or loss
for the years ended 30 June
2019
2020
Net sales
$1340000
$1180000
Cost of sales
656600
542800
Gross profit
683400
637200
Selling and administrative expense
300696
439668
Finance costs
27336
57348
Profit before income tax
355368
140184
Income tax expense
95949
35046
Profit for the period
$259419
$105138
ENCHANTED LTD
Statement of financial position
as at 30 June
Assets
2019
2020
Current assets
Cash...
Consider the following financial data for J. White Industries: Total assets turnover: 1.5 Gross profit margin...
Consider the following financial data for J. White Industries: Total assets turnover: 1.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% Total liabilities-to-assets ratio: 35% Quick ratio: 0.85 Days sales outstanding (based on 365-day year): 36 days Inventory turnover ratio: 6.0 The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet Complete the balance sheet and sales information...
Help on my Finance homework please! Integrative: Complete ratio analysis Given the following financial statements, historical...
Help on my Finance homework please! Integrative: Complete ratio analysis Given the following financial statements, historical ratios, and industry averages, calculate Sterling Company’s financial ratios for the most recent year. (Assume a 365-day year.) Sterling Company Income Statement for the Year Ended December 31, 2019 Sales revenue $10,000,000 Less: Cost of goods sold 7,500,000 Gross profits $ 2,500,000 Less: Operating expenses Selling expense $ 300,000 General and administrative expenses 650,000 Lease expense 50,000 Depreciation expense...
Calculate Gross profit margin, Operating profit margin, Net profit margin and total return on total assets....
Calculate Gross profit margin, Operating profit margin,
Net profit margin and total return on total assets.
EXHIBIT 5: GRIG PROFIT-AND-LOSS AND BALANCE SHEET, DECEMBER 2015 (IN €) Profit and Loss December 2015 Balance Sheet December 2015 Liabilities 32,590 Assets Fixed Assets Cash 1,009 Revenue Variable Costs Freelance Knitters Gross Profit 16,062 1,452 15,076 Debtors Furniture and Fixtures Stock Current Assets Total Assets 270 740 Rent 2,019 Staffing 4,225 7,462 156 2,019 Liabilities Insurance Loan Repayments Website 858 1,740 Loan Total...
Gross Profit margin = 49.82% is this gross profit enough for the company to cover indirect...
Gross Profit margin = 49.82%
is this gross profit enough for the company to cover indirect
costs?
what information is needed please?
Fame Export 37 doo [Compatibility Mode] - Microsoft Word (Product Activation Failed) Homeert Page Layout ReferencesMaings ReviewVew Find AaBbCc. AaBbCcD e Replace B I ?, ?' Ay_a. : -t-, a-E . n Normal No Spaci Heading 1 Heading 2 Title Subtitle Subtle Em , Change Styles Seledt Editing Format Painter Clipboard Paragraph Styles 18 GBP GBP Profitability ratios...
Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at...
Data for Barry Computer Co. and its industry averages follow. The firm's debt is priced at par, so the market value of its debt equals its book value. Since dollars are in thousands, number of shares are shown in thousands too. Barry Computer Company: Balance Sheet as of December 31, 2018 (In Thousands) Cash $90,720 Accounts payable $196,560 Receivables 589,680 Other current liabilities 151,200 Inventories 302,400 Notes payable to bank 75,600 Total current assets $982,800 Total current liabilities $423,360 Long-term...
Actual 2019 Dana Dairy Products Key Ratios Industry Actual Average 2018 Current ratio 1.3 1.0 Quick...
Actual 2019 Dana Dairy Products Key Ratios Industry Actual Average 2018 Current ratio 1.3 1.0 Quick ratio 0.8 0.75 Average collection period 23 days 30 days Inventory turnover 21.7 Debt ratio 64.7% Times interest eamed 4.8 5.5 Gross profit margin 13.6% 12.0% Net profit margin 1.0% 0.5% Return on total assets 2.9% 20% Retum on equity 8.2% 4.0% 19 50% Income Statement Dana Dairy Products For the Year Ended December 31, 2019 Sales revenue $100,000 Less: Cost of goods sold...
Question 4 (25 marks) Speed supermarket Industry average (Benchmark) 2019 2018 2019 Profitability: Gross profit %...
Question 4 (25 marks) Speed supermarket Industry average (Benchmark) 2019 2018 2019 Profitability: Gross profit % (GP/sales) 14% 11% 12% Net profit % (profit after tax/sales) 3% 1.8% 4% Return on equity (profit/equity) 10% 8.30% 14.28% Activity and Short-term liquidity Current ratio 2.8:1 2.3:1 2.5:1 Acid-test ratio (Liquidity ratio) 1.5:1 1.7:1 1.9:1 Inventory turnover period (days) 10 days 5 days 7 days Account payable turnover period (days) 45 days 35 days 40 days Asset turnover (sales/total assets) 2 3 2.5...
Question 4 (25 marks) Speed supermarket Industry average (Benchmark) 2019 2018 2019 Profitability: Gross profit %...
Question 4 (25 marks) Speed supermarket Industry average (Benchmark) 2019 2018 2019 Profitability: Gross profit % (GP/sales) 14% 11% 12% Net profit % (profit after tax/sales) 3% 1.8% 4% Return on equity (profit/equity) 10% 8.30% 14.28% Activity and Short-term liquidity Current ratio 2.8:1 2.3:1 2.5:1 Acid-test ratio (Liquidity ratio) 1.5:1 1.7:1 1.9:1 Inventory turnover period (days) 10 days 5 days 7 days Account payable turnover period (days) 45 days 35 days 40 days Asset turnover (sales/total assets) 2 3 2.5...
Ratios 2016 2015 a. Gross profit margin (%) 39.4 39.1 b. Operating profit margin (%) 5.1...
Ratios
2016
2015
a.
Gross profit margin (%)
39.4
39.1
b.
Operating profit margin (%)
5.1
7.5
c.
Net profit margin (%)
2.4
4.0
d.
Return on shareholders' equity (%)
14.1
25.2
e.
Return on assets (%)
3.1
5.2
f.
Times interest earned coverage
3.6
5.6
g.
Long-term debt-to-equity ratio
1.5
3.8
h.
Days of inventory
126.2
121.8
i.
Inventory turnover ratio
2.9
3.0
j.
Average collection
period
7.4
7.5
1-From 2015 to 2016, Macy’s, Inc., return on equity and...
The comparative statements of Enchanted Ltd are
presented here.
ENCHANTED LTD
Statement of profit or loss
for the years ended 30 June
2019
2020
Net sales
$1340000
$1180000
Cost of sales
656600
542800
Gross profit
683400
637200
Selling and administrative expense
300696
439668
Finance costs
27336
57348
Profit before income tax
355368
140184
Income tax expense
95949
35046
Profit for the period
$259419
$105138
ENCHANTED LTD
Statement of financial position
as at 30 June
Assets
2019
2020
Current assets
Cash...
Consider the following financial data for J. White Industries: Total assets turnover: 1.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% Total liabilities-to-assets ratio: 35% Quick ratio: 0.85 Days sales outstanding (based on 365-day year): 36 days Inventory turnover ratio: 6.0 The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. Open spreadsheet Complete the balance sheet and sales information...
Calculate Gross profit margin, Operating profit margin,
Net profit margin and total return on total assets.
EXHIBIT 5: GRIG PROFIT-AND-LOSS AND BALANCE SHEET, DECEMBER 2015 (IN €) Profit and Loss December 2015 Balance Sheet December 2015 Liabilities 32,590 Assets Fixed Assets Cash 1,009 Revenue Variable Costs Freelance Knitters Gross Profit 16,062 1,452 15,076 Debtors Furniture and Fixtures Stock Current Assets Total Assets 270 740 Rent 2,019 Staffing 4,225 7,462 156 2,019 Liabilities Insurance Loan Repayments Website 858 1,740 Loan Total...
Gross Profit margin = 49.82%
is this gross profit enough for the company to cover indirect
costs?
what information is needed please?
Fame Export 37 doo [Compatibility Mode] - Microsoft Word (Product Activation Failed) Homeert Page Layout ReferencesMaings ReviewVew Find AaBbCc. AaBbCcD e Replace B I ?, ?' Ay_a. : -t-, a-E . n Normal No Spaci Heading 1 Heading 2 Title Subtitle Subtle Em , Change Styles Seledt Editing Format Painter Clipboard Paragraph Styles 18 GBP GBP Profitability ratios...
Actual 2019 Dana Dairy Products Key Ratios Industry Actual Average 2018 Current ratio 1.3 1.0 Quick ratio 0.8 0.75 Average collection period 23 days 30 days Inventory turnover 21.7 Debt ratio 64.7% Times interest eamed 4.8 5.5 Gross profit margin 13.6% 12.0% Net profit margin 1.0% 0.5% Return on total assets 2.9% 20% Retum on equity 8.2% 4.0% 19 50% Income Statement Dana Dairy Products For the Year Ended December 31, 2019 Sales revenue $100,000 Less: Cost of goods sold...
Ratios
2016
2015
a.
Gross profit margin (%)
39.4
39.1
b.
Operating profit margin (%)
5.1
7.5
c.
Net profit margin (%)
2.4
4.0
d.
Return on shareholders' equity (%)
14.1
25.2
e.
Return on assets (%)
3.1
5.2
f.
Times interest earned coverage
3.6
5.6
g.
Long-term debt-to-equity ratio
1.5
3.8
h.
Days of inventory
126.2
121.8
i.
Inventory turnover ratio
2.9
3.0
j.
Average collection
period
7.4
7.5
1-From 2015 to 2016, Macy’s, Inc., return on equity and...
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