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2018 2017 Income Statement Information Sales revenue Cost of goods sold Net income $ $ 10,440,000...
The 2021 Income statement of Adrian Express reports sales of $20,310.000, cost of goods sold of...
The 2021 Income statement of Adrian Express reports sales of $20,310.000, cost of goods sold of $12.500,000. and net Income of $1,900,000. Balance sheet Information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2e20 Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Connon stock Retained earnings Total liabilities and stockholders' equity $ 900.00 $ 910,000 1,725, eee1 .175.000 2,175,08 1,625,000 5.ee8,688...
SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $369,230 260,500 47,350 Earnings...
SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $369,230 260,500 47,350 Earnings before interest and taxes Interest paid $ 61,380 15,900 Taxable income Taxes (21%) $ 45,480 9,551 Net income $ 35,929 Dividends Retained earnings $26,000 9,929 Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 24,206 14,048 27.622 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $...
SimWrite Income Statement SimWrite Balance Sheet Beg Balance Sales Revenue 950,000 Cost Of Goods Sold 500,000...
SimWrite Income Statement SimWrite Balance Sheet Beg Balance Sales Revenue 950,000 Cost Of Goods Sold 500,000 Operating Expense 190,000 Promotion Expenses 75,000 R & D Expense 25,000 Operating Income 160,000 Interest Expense & Other 36,000 Taxes 37,200 Net Income 86,800 Assets Balance Cash & Equivalents 50,000 Accounts Receivabl200,000 Inventories 210,000 Other Current Assets 460,000 Net Plant, Property 800,000 Other LT Assets Total Assets 1,260,000 Short Term debt 180,000 Long Term Debt 450,000 Owner's Equity 630,000 Retained Earnings Total Liabilities &...
Jamison Corp.'s balance sheet accounts as of December 31, 2018 and 2017 and information relating to...
Jamison Corp.'s balance sheet accounts as of December 31, 2018 and 2017 and information relating to 2018 activities are presented below. December 31, 2018 2017 Assets Cash $ 440,000 $ 200,000 Short-term investments 600,000 — Accounts receivable (net) 1,020,000 1,020,000 Inventory 1,380,000 1,200,000 Long-term investments 400,000 600,000 Plant assets 3,400,000 2,000,000 Accumulated depreciation (900,000) (900,000) Patent 180,000 200,000 Total assets $6,520,000 $4,320,000 Liabilities and Stockholders' Equity Accounts payable and accrued liabilities $1,660,000 $1,440,000 Notes payable (nontrade) 580,000 — Common stock,...
INCOME STATEMENT (Figures in $ millions) Net sales $ 12,600 Cost of goods sold 3,760 Other...
INCOME STATEMENT (Figures in $ millions) Net sales $ 12,600 Cost of goods sold 3,760 Other expenses 4,127 Depreciation 2,388 Earnings before interest and taxes (EBIT) $ 2,375 Interest expense 655 Income before tax $ 1,720 Taxes (at 30%) 602 Net income $ 1,118 Dividends $ 816 BALANCE SHEET (Figures in $ millions) End of Year Start of Year Assets Cash and marketable securities $ 83 $ 152 Receivables 2,082 2,370 Inventories 157 208 Other current assets 837 902 Total...
The 2018 income statement of Adrian Express reports sales of $18,612,000, cost of goods sold of...
The 2018 income statement of Adrian Express reports sales of $18,612,000, cost of goods sold of $11,696,000, and net income of $1,680,000. Balance sheet information is provided in the following table ADRIAN EXPRESS Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Current assets: Cash Accounts receivable Inventory $ 680,000 840,000 1,560,000 1,080,000 1,480,000 4,880,000 4,320,000 1,960,000 assets Total assets $9.080,000 $7,720,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings $1,940,000 $1,740,000 2,380,000 2,480,000 1,920,000...
The following condensed information was reported by Peabody Toys, Inc., for 2018 and 2017: (S in...
The following condensed information was reported by Peabody Toys, Inc., for 2018 and 2017: (S in 000s) 2018 2017 Income statement information Net sales Net income Balance sheet information Current assets Property, plant, and equipment (net) $5,800 $4,800 136 184 $ 860 810 1,640 1,290 $2,500 $2,100 Total assets Current liabilities Long-term liabilities Paid-in capital Retained earnings 830 810 300 160 $1,180 810 300 210 Liabilities and shareholders' equity $2,500 $2,100 Required: 1. Determine the following ratios for 2018: (Round...
Total assets Total shareholders' equity Net sales Cost of goods sold Net income 2018 $357,000 136,000...
Total assets Total shareholders' equity Net sales Cost of goods sold Net income 2018 $357,000 136,000 503,000 379,000 32,700 2017 $285,000 97,500 394,000 277,000 29,800 2016 $267,000 48,500 297,000 181,000 20,400 Macaron had no preferred shares. Your answer is partially correct. Try again. Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return an common shareholders' equity ratios for 2018 and 2017. (Round gross profit margin, profit margin, return on assets and return on equity to...
thumbs up if correct thanks! Based on the following financial statements: Income Statement 2012 Sales Cost...
thumbs up if correct thanks!
Based on the following financial statements: Income Statement 2012 Sales Cost of goods sold Depreciation Seling & administrative copenses EBIT Interest exponse Taxable incomo Taxes Not income Balance Sheet, year-end Assets Cash Accounts recolvable Inventory Total current assets Fixed assets Total assets $5,500,000 2,850,000 280,000 1,500,000 870,000 130.000 740.000 330.000 $ 410,000 2012 2011 S 50.000 660,000 490,000 $1.200,000 3.100,000 $4,300,000 $ 40,000 690.000 480.000 $1,210,000 2,800,000 $4,010,000 Liabilities and shareholders' equity Accounts payable Short-term...
SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017...
SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Accounts Inventory Total Current liabilities $ 24,076 12,748 25,742 24,400Accounts payable 23,48427400 1,100 17,500 Cash 15,500 27,400 Notes payable Other 13,000 receivable 11,871 48,35556,000 $72,00085,616 $62,566 67,300 Total Long-term debt Owners' equity Common stock and paid-in s 45,000 45,000 224,906243,384 Accumulated retained earnings Fixed assets Net plant and equipment $269,906$288,384 $327,695 $362,700 Total $430,000 equity Total liabilities and owners'$390,261 $430,000 Total...
The 2021 Income statement of Adrian Express reports sales of $20,310.000, cost of goods sold of $12.500,000. and net Income of $1,900,000. Balance sheet Information is provided in the following table. ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 2021 2e20 Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Connon stock Retained earnings Total liabilities and stockholders' equity $ 900.00 $ 910,000 1,725, eee1 .175.000 2,175,08 1,625,000 5.ee8,688...
SMOLIRA GOLF CORP. 2018 Income Statement Sales Cost of goods sold Depreciation $369,230 260,500 47,350 Earnings before interest and taxes Interest paid $ 61,380 15,900 Taxable income Taxes (21%) $ 45,480 9,551 Net income $ 35,929 Dividends Retained earnings $26,000 9,929 Some recent financial statements for Smolira Golf Corp. follow. Assets 2017 2018 Current assets Cash Accounts receivable Inventory $ 24,206 14,048 27.622 SMOLIRA GOLF CORP. 2017 and 2018 Balance Sheets Liabilities and Owners' Equity 2018 2017 Current liabilities $...
SimWrite Income Statement SimWrite Balance Sheet Beg Balance Sales Revenue 950,000 Cost Of Goods Sold 500,000 Operating Expense 190,000 Promotion Expenses 75,000 R & D Expense 25,000 Operating Income 160,000 Interest Expense & Other 36,000 Taxes 37,200 Net Income 86,800 Assets Balance Cash & Equivalents 50,000 Accounts Receivabl200,000 Inventories 210,000 Other Current Assets 460,000 Net Plant, Property 800,000 Other LT Assets Total Assets 1,260,000 Short Term debt 180,000 Long Term Debt 450,000 Owner's Equity 630,000 Retained Earnings Total Liabilities &...
The 2018 income statement of Adrian Express reports sales of $18,612,000, cost of goods sold of $11,696,000, and net income of $1,680,000. Balance sheet information is provided in the following table ADRIAN EXPRESS Balance Sheets December 31, 2018 and 2017 2018 2017 Assets Current assets: Cash Accounts receivable Inventory $ 680,000 840,000 1,560,000 1,080,000 1,480,000 4,880,000 4,320,000 1,960,000 assets Total assets $9.080,000 $7,720,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings $1,940,000 $1,740,000 2,380,000 2,480,000 1,920,000...
The following condensed information was reported by Peabody Toys, Inc., for 2018 and 2017: (S in 000s) 2018 2017 Income statement information Net sales Net income Balance sheet information Current assets Property, plant, and equipment (net) $5,800 $4,800 136 184 $ 860 810 1,640 1,290 $2,500 $2,100 Total assets Current liabilities Long-term liabilities Paid-in capital Retained earnings 830 810 300 160 $1,180 810 300 210 Liabilities and shareholders' equity $2,500 $2,100 Required: 1. Determine the following ratios for 2018: (Round...
Total assets Total shareholders' equity Net sales Cost of goods sold Net income 2018 $357,000 136,000 503,000 379,000 32,700 2017 $285,000 97,500 394,000 277,000 29,800 2016 $267,000 48,500 297,000 181,000 20,400 Macaron had no preferred shares. Your answer is partially correct. Try again. Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return an common shareholders' equity ratios for 2018 and 2017. (Round gross profit margin, profit margin, return on assets and return on equity to...
thumbs up if correct thanks!
Based on the following financial statements: Income Statement 2012 Sales Cost of goods sold Depreciation Seling & administrative copenses EBIT Interest exponse Taxable incomo Taxes Not income Balance Sheet, year-end Assets Cash Accounts recolvable Inventory Total current assets Fixed assets Total assets $5,500,000 2,850,000 280,000 1,500,000 870,000 130.000 740.000 330.000 $ 410,000 2012 2011 S 50.000 660,000 490,000 $1.200,000 3.100,000 $4,300,000 $ 40,000 690.000 480.000 $1,210,000 2,800,000 $4,010,000 Liabilities and shareholders' equity Accounts payable Short-term...
SMOLIRA GOLF CORP 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Accounts Inventory Total Current liabilities $ 24,076 12,748 25,742 24,400Accounts payable 23,48427400 1,100 17,500 Cash 15,500 27,400 Notes payable Other 13,000 receivable 11,871 48,35556,000 $72,00085,616 $62,566 67,300 Total Long-term debt Owners' equity Common stock and paid-in s 45,000 45,000 224,906243,384 Accumulated retained earnings Fixed assets Net plant and equipment $269,906$288,384 $327,695 $362,700 Total $430,000 equity Total liabilities and owners'$390,261 $430,000 Total...
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