Homework Answers
| Total assets | 1000000 | ||
| Assets turnover | 2.5 | ||
| Sales revenue | 2500000 | ||
| Less: COGS | 1500000 | ||
| Less: Depreciation | 300000 | ||
| EBIT | 700000 | ||
| Divide: Interest | 500000 | ||
| Times Interest earned | 1.4 | ||
| Answer is C. 1.4 | |||
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30) Razorthin, Inc. started the year with $1,000,000 in Total Assets. At the end of the...
Concord Company reported the following information: Total assets, beginning of year $ 125,000 Total assets, end...
Concord Company reported the following information: Total assets, beginning of year $ 125,000 Total assets, end of year 75,000 For the current year: Net sales 850,000 Gross margin 300,000 Net income 400,000 What is the company’s total asset turnover ratio for the current year? (Round your answer to 1 decimal place.)
acct hw help Ashley's Accessory Shop started the year with total assets of $350,000 and total...
acct hw help
Ashley's Accessory Shop started the year with total assets of $350,000 and total liabilities of $100,000. During the year the business recorded $250,000 in revenues, $80,000 in expenses, and dividends of $60,000. Stockholders' equity at the end of the year was $130,000 $250,000 $420,000 $360,000 QUESTION 21 A company began the year with retained earnings of $500,000. During the year, the company recorded revenues of $450,000, expenses of $300,000, and paid dividends of $200,000. What was the...
Maggie's Muffins, Inc., generated $2,000,000 in sales during 2015, and its year-end total assets were $1,500,000....
Maggie's Muffins, Inc., generated $2,000,000 in sales during 2015, and its year-end total assets were $1,500,000. Also, at year-end 2015, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accruals. Looking ahead to 2016, the company estimates that its assets must increase at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its profit margin will be 4%, and its payout ratio will be 45%....
For 2017, Bramble Corp.reports beginning of the year total assets of $893000, end of the year...
For 2017, Bramble Corp.reports beginning of the year total assets of $893000, end of the year total assets of $1070000, net sales of $920000, and net income of $274820. The rate of return on assets for Bramble in 2017 is 030.8 %, o 25.7 % 28.0 % 24.0% In 2017, Vaughn Manufacturing reported net income of $6.3 billion, net sales of $160 billion, and average total assets of $65 billion. What is Vaughn Manufacturing's asset turnover? o 25 times o...
MUST SHOW ALL WORK At year-end 2525 the company has Total assets of $6,200 financed by...
MUST SHOW ALL WORK At year-end 2525 the company has Total assets of $6,200 financed by Debt of $3,400 and Stockholders' equity of $2,800. For 170 common shares outstanding, the equity price-to-book ratio at year-end 2525 is 1.36. During 2526, the company expects an asset turnover ratio (Salest+Total assets) of 3.8 and an operating margin (- (Sales-operating expenses) + Sales) of 7.1%. Interest charges will equal 9% of Debt. Corporate taxes equal 30% of taxable income and the payout ratio...
Maggie's Muffins, Inc., generated $4,000,000 in sales during 2015, and its year-end total assets were $2,200,000. Also,...
Maggie's Muffins, Inc., generated $4,000,000 in sales during 2015, and its year-end total assets were $2,200,000. Also, at year-end 2015, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and $200,000 of accruals. Looking ahead to 2016, the company estimates that its assets must increase at the same rate as sales, its spontaneous liabilities will increase at the same rate as sales, its profit margin will be 3%, and its payout ratio will be 50%....
Company A started the year with total assets of $300,000 and total liabilities of $240,000. During...
Company A started the year with total assets of $300,000 and total liabilities of $240,000. During the year, the business recorded $570,000 in revenues, $330,000 in expenses, and dividends of $60,000. The net income reported by Jimmy's Repair Shop for the year was Group of answer choices A)$180,000. B)$570,000. C)$240,000. D)$300,000.
Return on equity is not 27.35% or 27.36%. Please write the steps to find what the...
Return on equity is not 27.35% or 27.36%. Please write the steps
to find what the correct return on equity should be. Every other
step is already correct.
The 2021 income statement for Anderson TV and Appliance reported net sales of $230,000 and net income of $90,000. Average total assets for 2021 was $500,000. Shareholders' equity at the beginning of the year was $300,000 and $30,000 was paid to shareholders as dividends. There were no other shareholders' equity transactions that...
(Financial Ratios-Investment Analysis) The annual sales for Salco, Inc., were $5,000,000 last year. The firm's end-of-year...
(Financial Ratios-Investment Analysis) The annual sales for Salco, Inc., were $5,000,000 last year. The firm's end-of-year balance sheet appeared as follows: Current assets $500,000 Net fixed assets $1,500,000 $2,000,000 Liabilities $1,000,000 common' equity $1,000,000 $2,000,000 The firm's income statement for the year was as follows: Sales Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Earnings before taxes Less: Taxes (40%) Net income $5.000.000 (3,000,000) $2,000,000 (1,500,000) $500,000 (100,000 $400,000 (160.000) $240.000 a. Calculate...
Micro, Inc., started the year with net fixed assets of $73,800. At the end of the...
Micro, Inc., started the year with net fixed assets of $73,800. At the end of the year, there was $94,600 in the same account, and the company's income statement showed depreciation expense of $12,130 for the year. What was the company's net capital spending for the year? Multiple Choice Ο 532,930 Ο $38, 415 Ο $82,470 Ο $40,825 Ο $20,800
acct hw help
Ashley's Accessory Shop started the year with total assets of $350,000 and total liabilities of $100,000. During the year the business recorded $250,000 in revenues, $80,000 in expenses, and dividends of $60,000. Stockholders' equity at the end of the year was $130,000 $250,000 $420,000 $360,000 QUESTION 21 A company began the year with retained earnings of $500,000. During the year, the company recorded revenues of $450,000, expenses of $300,000, and paid dividends of $200,000. What was the...
For 2017, Bramble Corp.reports beginning of the year total assets of $893000, end of the year total assets of $1070000, net sales of $920000, and net income of $274820. The rate of return on assets for Bramble in 2017 is 030.8 %, o 25.7 % 28.0 % 24.0% In 2017, Vaughn Manufacturing reported net income of $6.3 billion, net sales of $160 billion, and average total assets of $65 billion. What is Vaughn Manufacturing's asset turnover? o 25 times o...
MUST SHOW ALL WORK At year-end 2525 the company has Total assets of $6,200 financed by Debt of $3,400 and Stockholders' equity of $2,800. For 170 common shares outstanding, the equity price-to-book ratio at year-end 2525 is 1.36. During 2526, the company expects an asset turnover ratio (Salest+Total assets) of 3.8 and an operating margin (- (Sales-operating expenses) + Sales) of 7.1%. Interest charges will equal 9% of Debt. Corporate taxes equal 30% of taxable income and the payout ratio...
Return on equity is not 27.35% or 27.36%. Please write the steps
to find what the correct return on equity should be. Every other
step is already correct.
The 2021 income statement for Anderson TV and Appliance reported net sales of $230,000 and net income of $90,000. Average total assets for 2021 was $500,000. Shareholders' equity at the beginning of the year was $300,000 and $30,000 was paid to shareholders as dividends. There were no other shareholders' equity transactions that...
(Financial Ratios-Investment Analysis) The annual sales for Salco, Inc., were $5,000,000 last year. The firm's end-of-year balance sheet appeared as follows: Current assets $500,000 Net fixed assets $1,500,000 $2,000,000 Liabilities $1,000,000 common' equity $1,000,000 $2,000,000 The firm's income statement for the year was as follows: Sales Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Earnings before taxes Less: Taxes (40%) Net income $5.000.000 (3,000,000) $2,000,000 (1,500,000) $500,000 (100,000 $400,000 (160.000) $240.000 a. Calculate...
Micro, Inc., started the year with net fixed assets of $73,800. At the end of the year, there was $94,600 in the same account, and the company's income statement showed depreciation expense of $12,130 for the year. What was the company's net capital spending for the year? Multiple Choice Ο 532,930 Ο $38, 415 Ο $82,470 Ο $40,825 Ο $20,800
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