The Simmons Corporation’s income statement is given below.
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The Simmons Corporation's income statement is given below SIMMONS CORPORATION Sales $233,000 137,000 Cost of goods...
The Simmons Corporation's income statement is given below SIMMONS CORPORATION Sales $233,000 137,000 Cost of goods sold Gross profit Fixed charges (other than interest) 96,000 31,800 64,200 19,800 Income before interest and taxes Interest 44,400 15,540 Income before taxes Taxes $28,860 Income after taxes a. What is the times interest earned ratio? (Round the final answer to 2 decimal places.) Times interest earned b. What would be the fixed charge coverage ratio? (Round the final answer to 2 decimal places.)...
Whirly Corporation’s most recent income statement is shown below: Whirly Corporation's most recent income statement is...
Whirly Corporation’s most recent income statement is shown
below:
Whirly Corporation's most recent income statement is shown below: Total Per Unit $221,200 $3200 Sales (7,100 units) points Variable expenses 127,800 18.00 eBook $ 14.00 Hint Contribution margin Fixed expenses 99,400 55,000 Print References Net operating income $44,400 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): 1. The sales volume increases by 80 units. Whirly Corporation Contribution Income Statement Total Per...
g 3. Given the balance sheet and income state for Simmons Maintenaethet Simmons & Professional Studies...
g 3. Given the balance sheet and income state for Simmons Maintenaethet Simmons & Professional Studies ratios that are also shown for the industry average. For each ratio,indica is better or worse than the industry average. For inventory turn cost of goods sold. Company, compute the use sales rather than SIMMONS MAINTENANCE COMPANY Assets Cash Acets. Receivable Inventory Current Assets Net Fixed Assets Liabilities S 15,000 Accounts Payable S 21,000 22,000 Notes Payable 20,000 30,000 Accrued Expenses 67,000 Current Liabilities...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total and...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total and per unit Sales (7,600 units) $258,400 $34.00 Variable expenses 144,400 19.00 Contribution margin 114,000 $15.00 Fixed expenses 55,300 Net operating income $58,700 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 100 units? 2. What would be the revised net operating income per month if the sales volume decreases by 100...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,900 units) $ 284,800 $ 32.00 Variable expenses 169,100 19.00 Contribution margin 115,700 $ 13.00 Fixed expenses 54,300 Net operating income $ 61,400 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 100 units? 2. What would be the revised net operating income per month if the sales volume...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,300 units) $ 282,200 $ 34.00 Variable expenses 157,700 19.00 Contribution margin 124,500 $ 15.00 Fixed expenses 55,000 Net operating income $ 69,500 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 50 units? 2. What would be the revised net operating income per month if the sales volume...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (7,700 units) $ 254,100 $ 33.00 Variable expenses 146,300 19.00 Contribution margin 107,800 $ 14.00 Fixed expenses 55,200 Net operating income $ 52,600 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 50 units? 2. What would be the revised net operating income per month if the sales volume...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (8,300 units) $ 282,200 $ 34.00 Variable expenses 157,700 19.00 Contribution margin 124,500 $ 15.00 Fixed expenses 54,600 Net operating income $ 69,900 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 40 units? 2. What would be the revised net operating income per month if the sales volume...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (7,600 units) $ 235,600 $ 31.00 Variable expenses 152,000 20.00 Contribution margin 83,600 $ 11.00 Fixed expenses 54,400 Net operating income $ 29,200 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 90 units? 2. What would be the revised net operating income per month if the sales volume...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per...
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (7,600 units) $ 235,600 $ 31.00 Variable expenses 144,400 19.00 Contribution margin 91,200 $ 12.00 Fixed expenses 56,000 Net operating income $ 35,200 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 90 units? 2. What would be the revised net operating income per month if the sales volume...
The Simmons Corporation's income statement is given below SIMMONS CORPORATION Sales $233,000 137,000 Cost of goods sold Gross profit Fixed charges (other than interest) 96,000 31,800 64,200 19,800 Income before interest and taxes Interest 44,400 15,540 Income before taxes Taxes $28,860 Income after taxes a. What is the times interest earned ratio? (Round the final answer to 2 decimal places.) Times interest earned b. What would be the fixed charge coverage ratio? (Round the final answer to 2 decimal places.)...
Whirly Corporation’s most recent income statement is shown
below:
Whirly Corporation's most recent income statement is shown below: Total Per Unit $221,200 $3200 Sales (7,100 units) points Variable expenses 127,800 18.00 eBook $ 14.00 Hint Contribution margin Fixed expenses 99,400 55,000 Print References Net operating income $44,400 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): 1. The sales volume increases by 80 units. Whirly Corporation Contribution Income Statement Total Per...
g 3. Given the balance sheet and income state for Simmons Maintenaethet Simmons & Professional Studies ratios that are also shown for the industry average. For each ratio,indica is better or worse than the industry average. For inventory turn cost of goods sold. Company, compute the use sales rather than SIMMONS MAINTENANCE COMPANY Assets Cash Acets. Receivable Inventory Current Assets Net Fixed Assets Liabilities S 15,000 Accounts Payable S 21,000 22,000 Notes Payable 20,000 30,000 Accrued Expenses 67,000 Current Liabilities...
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