The financial statements of Dandy Distributors Ltd. are shown on the "Fcl. Stmts." page. | |||||||||
Required: | |||||||||
1 | Based on Dandy's financial statements, calculate ratios for the year ended December 31, 2020. Assume all sales are on credit. Show your work. | ||||||||
2 | From these ratios, analyze the financial performance of Dandy. |
Step 1: Based on Dandy's financial statements, calculate ratios for the year ended December 31, 2020. Assume all sales are on credit. Show work done to get answers. Step 2: From these ratios, analyze the financial performance of Dandy. Dandy Distributors Ltd. Income Statement For the Year Ended December 31, 2020 2020 $21,133,000 16,061,080 5,071,920 2019 $19,442,360 14,970,617 4,471,743 841,000 104,400 153,600 422,660 1,521,660 832,590 95,004 152,064 431,113 1,510,771 Sales, net Less: Cost of goods sold Gross profit Operating expenses...
PLEASE NO WRITTEN WORK, please show work so I can understand and fully complete problem.Thank YouBefore you begin, print out all the pages in this workbook The financial statements of Dandy Distributors Ltd. are shown on the "Fcl. Stmts." page Required. 1 Based on Dandy's financial statements, calculate ratios for the year ended December 31, 2020. Assume all sales are on credit. Show your work. 2 From these ratios, analyze the financial performance of DandyDandy Distributors Ltd Income Statement For...
Module 2 Assignment ABC Inc. 2020 sales are $1,000,000. Operating costs (excluding depreciation) are 65% of sales. Net fixed assets are $195,000. Depreciation amounted to 12% of net fixed assets. Interest expenses are $105,000. The tax bill must be calculated using the corporate income tax table in the text, and ABC Inc. paid 8% of net income in dividends. Prepare ABC Inc.’s income statement for 2018: ABC Inc. Income Statement 2020 Sales Operating costs (excluding depreciation) EBITDA Depreciation EBIT Interest...
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...
The comparative statements of Flint Interiors Ltd. are presented as follows: FLINT INTERIORS LTD. Income Statement For the Year Ended December 31, 2021 Net sales $2,087,750 Cost of goods sold 1,155,000 Gross profit 932,750 Selling and administrative expenses 520,000 Income from operations 412,750 Other expenses and losses Interest expense 15,500 Income before income taxes 397,250 Income tax expense 104,275 Profit $292,975 2020 $1,810,500 1,012,500 798,000 484,000 314,000 12,000 302,000 84,000 $218,000 FLINT INTERIORS LTD. Balance Sheet December 31 2021 2020...
The following are the financial statements for Nederland Consumer Products Company f‹ fiscal year ended September 30, 2011. Nederland Consumer Products Company Income Statement for the Fiscal Year Ended September 30, 2011 Net sales $51,407 Cost of products sold 25,076 Gross margin $26,331 Marketing, research, administrative exp. 15,746 Depreciation 758 Operating income (loss) $ 9,827 Interest expense 477 Earnings (loss) before income taxes $ 9,350 Income taxes 2,869 Net earnings (loss) $ 6,481 Balance Sheet as of...
Chapter 13, Part B of the Continuing Cookie Chronicle: Calculate the following financial ratios using the information from the financial statements below. Note: This part WILL be graded when you submit your assignment to the instructor Note: Do not use the information presented on the Textbook website, it is different from what is required below. You may refer to the information within Chapter 13 (week 6) for assistance in completing this tab. Instructions: Using the financial statements below, compute the...
Problem 13-02A (Video) The comparative statements of Carla Vista Co. are presented here: All sales were on account. Net cash provided by operating activities for 2020 was $251,000. Capital expenditures were $135,000, and cash dividends were $59,000. Compute the following ratios for 2020. (Round free cash flow to o decimal places, e.g. 5,275 and all other answers to 2 decimal places, e.g. 1.83 or 1.83%. Use 365 days for calculation.) (a) Earnings per share 2019 $1,757,500 1,013,000 744,500 486,000 258,500...
In need of some help please! Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 600,000 shares of common stock were outstanding. The interest rate on the bond payable was 10%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of...
Problem 13-02A (Video) The comparative statements of Carla Vista Co. are presented here: Carla Vista Co. Income Statements For the Years Ended December 31 2020 Net sales $1,897,540 Cost of goods sold 1,065,540 Gross profit 832,000 Selling and administrative expenses 507,000 Income from operations 325,000 Other expenses and losses Interest expense 24,000 Income before income taxes 301,000 Income tax expense 94,000 Net income $207,000 2019 $1,757,500 1,013,000 744,500 486,000 258,500 22,000 236,500 75,000 $161,500 2020 2019 Carla Vista Co. Balance...