Ratio proficiency McDougal Printing, Inc., had sales totaling $31,000,000 in fiscal year 2019. Some ratios for...
Ratio proficiency McDougal Printing, Inc., had sales totaling $31,000,000 in fiscal year 2019.
Some ratios for the company are listed below. Use this information to determine the dollar values of various income statement and balance sheet accounts as requested. Assume a 365-day year.
|
Calculate values for the following: a. Gross profits b. Cost of goods sold c. Operating profits d. Operating expenses e. Earnings available for common stockholders f. Total assets g. Total common stock equity h. Accounts receivable |
|
||||||||||||||||||
a. The gross profits are $ ? (Round to the nearest dollar.)
Homework Answers
Add Answer to:
Ratio proficiency McDougal Printing, Inc., had sales totaling
$31,000,000 in fiscal year 2019.
Some ratios for...
Ratio proficiency McDougal Printing, Inc., had sales totaling $34,000,000 in fiscal year 2019. Some ratios for...
Ratio proficiency McDougal Printing, Inc., had
sales totaling $34,000,000 in fiscal year 2019. Some ratios for the
company are listed below. Use this information to determine the
dollar values of various income statement and balance sheet
accounts as requested. Assume a 365-day year.
Ratio proficiency McDougal Printing, Inc., had sales totaling $34,000,000 in fiscal year 2019. Some ratios for the company are listed below. Use this information to determine the dollar values of various income statement and balance sheet accounts...
Ratio proficiency McDougal Printing, Inc., had sales totaling $43,000,000 in fiscal year 2015. Some ratios for...
Ratio proficiency McDougal Printing, Inc., had sales totaling $43,000,000 in fiscal year 2015. Some ratios for the company are listed below. Use this information to determine the dollar values of various income statement and balance sheet accounts as requested. Assume a 365-day year McDougal Printing, Inc. Year Ended December 31, 2015 Calculate values for the following: a. Gross profits b. Cost of goods sold c. Operating profits d. Operating expenses e. Earnings available for common stockholders f. Total assets g....
McDougal Printing. Inc., had sales totaling $34,000,000 in fiscal year 2019. Some ratios for the company...
McDougal Printing. Inc., had sales totaling $34,000,000 in fiscal
year 2019. Some ratios for the company are listed (pictured) below.
Use this information to determine the dollar values of various
income statement and balance sheet accounts as requested. Assume a
365-day year.
Calculate values for the following (round to the nearest
dollar):
a. Gross profits
b. Cost of goods
c. Operating Profits
d. Operating expenses
e. Earnings available for common stockholders
f. Total assets
g. Total common stock equity
h....
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...
(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...
Dana Dairy Products Key Ratios Industry Actual Actual Average 2009 2010 Current Ratio 1.3 1.0 Quick...
Dana Dairy Products Key Ratios Industry Actual Actual Average 2009 2010 Current Ratio 1.3 1.0 Quick Ratio 0.8 0.75 Average collection Period 23 days 30 days Inventory Turnover 21.7 19 Debt Ratio 64.7° 50% Times Interest Earned 4.8 5.5 Gross Profit Margin 13.6 12.0% Net Profit Margin 1.0% 0.5 Return on total assets 2.9% 2.0% Return on Equity 8.2 4.0% Income Statement Dana Dairy Products For the Year Ended December 31, 2010 Sales Revenue $100,000 Less: Cost of Goods Sold...
Financial ratios computed for Whittaker Inc. include the following: Current ratio 1.9 to 1 Acid-test ratio...
Financial ratios computed for Whittaker Inc. include the
following:
Current ratio
1.9
to 1
Acid-test ratio
1.4
to 1
Debt/equity ratio
2.0
to 1
Inventory turnover
3.6
times
Accounts receivable turnover
5.4
times
Times interest earned
4.60
times
Gross profit ratio
40
%
Return on investment
7.17
%
Earnings per share
$
3.40
All sales during the year were made on account. Cash
collections during the year exceeded sales by $13,000, and no
uncollectible accounts were written off.
The balance...
Financial ratios computed for Whittaker Inc. include the following: Current ratio 1.9 to 1 Acid-test ratio...
Financial ratios computed for Whittaker Inc. include the
following:
Current ratio
1.9
to 1
Acid-test ratio
1.4
to 1
Debt/equity ratio
2.0
to 1
Inventory turnover
3.6
times
Accounts receivable turnover
5.4
times
Times interest earned
4.60
times
Gross profit ratio
40
%
Return on investment
7.17
%
Earnings per share
$
3.40
All sales during the year were made on account. Cash
collections during the year exceeded sales by $13,000, and no
uncollectible accounts were written off.
The balance...
(Evaluating current and pro forma profitability) The annual sales for Salco Inc. were $4.55 million last...
(Evaluating current and pro forma profitability) The annual sales for Salco Inc. were $4.55 million last year. All sales are on credit. The firm's end-of-year balance sheet and income statement were in the popup window: a. Calculate Salco's total asset turnover, operating profit margin, and operating return on assets. b. Salco plans to renovate one of its plants, which will require an added investment in plant and equipment of $1.01 million. The firm will maintain its present debt ratio of...
Use the attached Income Statement and Balance Sheet to compute the required financial ratios for Seward...
Use the attached Income Statement and Balance Sheet to compute
the required financial ratios for Seward Inc. and compare to the
industry averages. After that, write a brief summary as to what
each ratio is measuring and how Seward compares to the industry.
For example, you may find that Seward's Inventory Turnover is not
as high as the industry average, so they are either not managing
their inventories or may be experiencing a decrease in sales.
Seward Industries a. Compute...
Ratio proficiency McDougal Printing, Inc., had
sales totaling $34,000,000 in fiscal year 2019. Some ratios for the
company are listed below. Use this information to determine the
dollar values of various income statement and balance sheet
accounts as requested. Assume a 365-day year.
Ratio proficiency McDougal Printing, Inc., had sales totaling $34,000,000 in fiscal year 2019. Some ratios for the company are listed below. Use this information to determine the dollar values of various income statement and balance sheet accounts...
Ratio proficiency McDougal Printing, Inc., had sales totaling $43,000,000 in fiscal year 2015. Some ratios for the company are listed below. Use this information to determine the dollar values of various income statement and balance sheet accounts as requested. Assume a 365-day year McDougal Printing, Inc. Year Ended December 31, 2015 Calculate values for the following: a. Gross profits b. Cost of goods sold c. Operating profits d. Operating expenses e. Earnings available for common stockholders f. Total assets g....
McDougal Printing. Inc., had sales totaling $34,000,000 in fiscal
year 2019. Some ratios for the company are listed (pictured) below.
Use this information to determine the dollar values of various
income statement and balance sheet accounts as requested. Assume a
365-day year.
Calculate values for the following (round to the nearest
dollar):
a. Gross profits
b. Cost of goods
c. Operating Profits
d. Operating expenses
e. Earnings available for common stockholders
f. Total assets
g. Total common stock equity
h....
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...
(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...
Dana Dairy Products Key Ratios Industry Actual Actual Average 2009 2010 Current Ratio 1.3 1.0 Quick Ratio 0.8 0.75 Average collection Period 23 days 30 days Inventory Turnover 21.7 19 Debt Ratio 64.7° 50% Times Interest Earned 4.8 5.5 Gross Profit Margin 13.6 12.0% Net Profit Margin 1.0% 0.5 Return on total assets 2.9% 2.0% Return on Equity 8.2 4.0% Income Statement Dana Dairy Products For the Year Ended December 31, 2010 Sales Revenue $100,000 Less: Cost of Goods Sold...
Financial ratios computed for Whittaker Inc. include the
following:
Current ratio
1.9
to 1
Acid-test ratio
1.4
to 1
Debt/equity ratio
2.0
to 1
Inventory turnover
3.6
times
Accounts receivable turnover
5.4
times
Times interest earned
4.60
times
Gross profit ratio
40
%
Return on investment
7.17
%
Earnings per share
$
3.40
All sales during the year were made on account. Cash
collections during the year exceeded sales by $13,000, and no
uncollectible accounts were written off.
The balance...
Financial ratios computed for Whittaker Inc. include the
following:
Current ratio
1.9
to 1
Acid-test ratio
1.4
to 1
Debt/equity ratio
2.0
to 1
Inventory turnover
3.6
times
Accounts receivable turnover
5.4
times
Times interest earned
4.60
times
Gross profit ratio
40
%
Return on investment
7.17
%
Earnings per share
$
3.40
All sales during the year were made on account. Cash
collections during the year exceeded sales by $13,000, and no
uncollectible accounts were written off.
The balance...
(Evaluating current and pro forma profitability) The annual sales for Salco Inc. were $4.55 million last year. All sales are on credit. The firm's end-of-year balance sheet and income statement were in the popup window: a. Calculate Salco's total asset turnover, operating profit margin, and operating return on assets. b. Salco plans to renovate one of its plants, which will require an added investment in plant and equipment of $1.01 million. The firm will maintain its present debt ratio of...
Use the attached Income Statement and Balance Sheet to compute
the required financial ratios for Seward Inc. and compare to the
industry averages. After that, write a brief summary as to what
each ratio is measuring and how Seward compares to the industry.
For example, you may find that Seward's Inventory Turnover is not
as high as the industry average, so they are either not managing
their inventories or may be experiencing a decrease in sales.
Seward Industries a. Compute...
Most questions answered within 3 hours.
-
Find the expected count and the contribution to the chi-square
statistic for the (Group 1, No)...
asked 14 minutes ago -
Suppose you are purchasing a meal and with every meal a you
receive one of 10...
asked 5 minutes ago -
A 75.0 kg 0erson is riding in a car moving at 20.0 m/s when the
car...
asked 7 minutes ago -
What does Δp = QR mean in words?
Pushing a viscous fluid through a pipe requires...
asked 13 minutes ago -
We know that system.out.println (“object number” + n ); is
legal.String name; int n; name =...
asked 14 minutes ago -
Come up with a real-life problem (open-ended) and solve it by
designing and writing a Java...
asked 21 minutes ago -
Power Music owns five music stores, where it sells music,
instruments, and supplies. In addition, it...
asked 30 minutes ago -
True or false and
why:
Given the following sequence of numbers to be
inserted {4,5,6,1,2,3,8,7}, the...
asked 38 minutes ago -
Code using Java
What is an interface? Complete the following code:
interface IExample{
public void print();...
asked 48 minutes ago -
Bob Nale is the owner of Nale’s Quick Fill. Bob would like to
estimate the mean...
asked 1 hour ago -
what are your opinions on environmental rights and absolute bans
?
asked 1 hour ago -
benzene melts at 5.5 degrees c if the vapor pressure of liquid
benzene is 19.2 kOa...
asked 1 hour ago