The 2017 Annual Report of Tootsie Roll Industries contains the following information.
(in millions) |
December 31, 2017 |
December 31, 2016 |
||||||
---|---|---|---|---|---|---|---|---|
Total assets |
$930.9 | $920.1 |
||||||
Total liabilities |
197.1 |
208.6 |
||||||
Net sales |
515.7 |
517.4 |
||||||
Net income |
80.7 | 67.2 |
Compute the following ratios for Tootsie Roll for 2017.
(a) |
Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) |
enter the asset turnover rounded to 4 decimal places |
?times | ||
---|---|---|---|---|---|
(b) |
Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) |
enter the return on assets in percentages rounded to 2 decimal places |
? % | ||
(c) |
Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) |
enter the profit margin on sales in percentages rounded to 3 decimal places |
? % |
The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31,...
Suppose in its 2017 annual report that McDonald’s Corporation reports beginning total assets of $29.45 billion, ending total assets of $31.50 billion, net sales of $21.80 billion, and net income of $4.85 billion. (a) Compute McDonald’s return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald’s return on assets Enter McDonald’s return on assets in percentages rounded to 2 decimal places % (b) Compute McDonald’s asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.)...
Suppose in its 2022 annual report that McDonald’s Corporation reports beginning total assets of $28.75 billion, ending total assets of $31.00 billion, net sales of $22.10 billion, and net income of $4.78 billion. (a) Compute McDonald’s return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald’s return on assets Enter McDonald’s return on assets in percentages rounded to 2 decimal places % (b) Compute McDonald’s asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.)...
The following financial information is for Priscoll Company. PRISCOLL COMPANY Balance Sheets December 31 Assets 2017 2016 Cash $ 70,000 $ 65,000 Debt investments (short-term) 55,000 40,000 Accounts receivable 104,000 90,000 Inventory 230,000 165,000 Prepaid expenses 25,000 23,000 Land 130,000 130,000 Building and equipment (net) 260,000 185,000 Total assets $874,000 $698,000 Liabilities and Stockholders’ Equity Notes payable $170,000 $120,000 Accounts payable 65,000 52,000 Accrued liabilities 40,000 40,000 Bonds payable, due 2017 250,000 170,000 Common stock, $10 par 200,000 200,000 Retained...
Sarasota Corporation and Marigold Corporation, two companies of
roughly the same size, are both involved in the manufacture of
shoe-tracing devices. Each company depreciates its plant assets
using the straight-line approach. An investigation of their
financial statements reveals the information shown below.
Sarasota Corp.
Marigold Corp.
Net income
$ 246,750
$ 331,500
Sales revenue
2,056,250
2,210,000
Total assets (average)
4,112,500
3,453,125
Plant assets (average)
2,840,000
1,874,000
Intangible assets (goodwill)
365,100
0
(a)
For each company, calculate these values: (Round return...
Bridgeport Corporation and Flint Corporation, two companies of
roughly the same size, are both involved in the manufacture of
shoe-tracing devices. Each company depreciates its plant assets
using the straight-line approach. An investigation of their
financial statements reveals the information shown below.
Bridgeport Corp.
Flint Corp.
Net income
$ 257,280
$ 320,880
Sales revenue
1,715,200
2,005,500
Total assets (average)
4,288,000
4,011,000
Plant assets (average)
2,730,000
1,858,000
Intangible assets (goodwill)
321,100
0
(a)
For each company, calculate these values: (Round return...
The following financial information is for Crane Company. CRANE COMPANY Balance Sheets December 31 Assets 2022 2021 Cash $ 71,000 $ 69,000 Debt investments (short-term) 50,000 41,000 Accounts receivable 107,000 92,000 Inventory 234,000 162,000 Prepaid expenses 29,000 23,000 Land 135,000 135,000 Building and equipment (net) 261,000 187,000 Total assets $887,000 $709,000 Liabilities and Stockholders’ Equity Notes payable $169,000 $106,000 Accounts payable 66,000 54,000 Accrued liabilities 42,000 42,000 Bonds payable, due 2025 250,000 171,000 Common stock, $10 par 203,000 203,000 Retained...
The financial statements of ConAgra Foods,
Inc.’s 2017 annual report disclose the following
information.
(in
millions)
2017
2016
2015
Year-end inventories
$934.2
$1,044.1
$1,642.6
Fiscal Year
2017
2016
Net sales
$7,826.9
$8,664.1
Cost of goods sold
5,484.8
6,234.9
Net income
648.0
(665.9)
Compute ConAgra’s (a) inventory turnover and (b) the average days
to sell inventory for 2017 and 2016. (Round inventory
turnover to 1 decimal place, e.g. 7.6 and average days to sell
inventory to 0 decimal places, e.g. 65.)...
The following information is from the 2017 annual report of
Weber Corporation, a company that supplies manufactured parts to
the household appliance industry.
Average total assets
$
24,500,000
Average interest-bearing debt
10,000,000
Average other liabilities
2,250,000
Average shareholders' equity
12,250,000
Sales
49,000,000
Interest expense
800,000
Net income
2,450,000
Required:
Compute Weber Corporation’s return on assets (ROA) for 2017
using a combined federal and state income tax rate of 40% where
needed.
Compute the profit margin and asset turnover components of...
Suncor Energy Inc. reported the following information for the fiscal years ended December 31, 2017, and December 31, 2016 in millions 2017 2016 Net revenues $32,176 $26,968 Net earnings 4,458 445 Total assets, end of year 89,494 88,702 Total assets, beginning of year 88,702 77,527 Calculate Suncor's asset turnover and return on assets for the two years. (Round asset turnover to 2 decimal places, s. 52.76. and return on assets to 1 decimal place, eg. 52.7.) December 31, 2017 December...
Suppose in its 2017 annual report that McDonald's Corporation reports beginning total assets of $29.80 billion, ending total assets of $31.80 billion, net sales of $22.85 billion, and net income of $4.40 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times