Ratios Analyzing Firm Profitability The following information is available for Jay Company: Annual Data 2019 2018...
Ratios Analyzing Firm Profitability
The following information is available for Jay Company:
| Annual Data | 2019 | 2018 |
|---|---|---|
| Net sales | $9,000,000 | $8,200,000 |
| Gross profit on sales | 3,050,000 | 2,736,000 |
| Net income | 567,600 | 500,000 |
| Year-End Data | Dec. 31, 2019 | Dec. 31, 2018 |
|---|---|---|
| Total assets | $6,500,000 | $6,000,000 |
| Stockholders’ equity | 5,000,000 | 3,200,000 |
Calculate the following ratios for 2019:
Note: Round answers to one decimal place, unless otherwise noted.
a. Gross profit percentage
b. Return on sales
c. Asset turnover (Round answer to two decimal places.)
d. Return on assets
e. Return on common stockholders’ equity (Jay Company has no
preferred stock.)
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Ratios Analyzing Firm Profitability The following information is available for Jay Company: Annual Data 2019 2018...
Annual Data Net sales Gross profit on sales 2019 2018 $9,000,000 $8,200,000 3,050,000 2,736,000 567,600 500,000 Net inc...
Annual Data Net sales Gross profit on sales 2019 2018 $9,000,000 $8,200,000 3,050,000 2,736,000 567,600 500,000 Net income Year-End Data Total assets Stockholders' equity Dec. 31, 2019 Dec. 31, 2018 $6,500,000 $6,000,000 5,000,000 3,200,000 Calculate the following ratios for 2019: Note: Round answers to one decimal place, unless otherwise noted. a. Gross profit percentage b. Return on sales C. Asset turnover (Round answer to two decimal places.) d. Return on assets e. Return on common stockholders' equity (Jay Company has...
Ratios Analyzing Long-Term Firm Solvency The following information is available for Banner Company: Annual Data 2019...
Ratios Analyzing Long-Term Firm Solvency The following information is available for Banner Company: Annual Data 2019 2018 Interest expense $85,000 $82,000 Income tax expense 203,500 185,000 Net income 496,500 425,000 Capital expenditures 320,000 380,000 Cash provided by operating activities 450,000 390,000 Year-End Data Dec. 31, 2019 Dec. 31, 2018 Total liabilities $2,400,000 $1,900,000 Total stockholders’ equity 4,200,000 3,800,000 Calculate the following: Note: Round all answers to two decimal places. a. 2019 debt-to-equity ratio. b. 2019 times-interest-earned ratio. c. 2019 operating-cash-flow-to-capital-expenditures...
Ratios Analyzing Long-Term Firm Solvency The following information is available for Banner Company: Annual Data 2019...
Ratios Analyzing Long-Term Firm Solvency The following information is available for Banner Company: Annual Data 2019 2018 Interest expense $85,000 $82,000 203,500 185,000 Income tax expense Net income 496,500 425,000 Capital expenditures 320,000 380,000 Cash provided by operating activities 450,000 390,000 Year-End Data Dec. 31, 2019 Dec. 31, 2018 Total liabilities $2,400,000 $1,900,000 Total stockholders equity 4,200,000 3,800,000 Calculate the following: Note: Round all answers to two decimal places. a. 2019 debt-to-equity ratio. b. 2019 times-interest-earned ratio. 0 c. 2019...
Compare and analyze ratios of two companies. Profitability ratios Dec 31, 2018 Return on Sales Gross...
Compare and analyze ratios of two companies.
Profitability ratios Dec 31, 2018 Return on Sales Gross profit margin Operating profit margin 63.05% 27.31% 20.20% Net profit margin Return on Investment Return on equity (ROE) Return on assets (ROA) 37.89% 7.73% Dec 29, 2018 Return on Sales 54.56% Gross profit margin Operating profit margin Net profit margin 15.64% 19.35% Return on Investment Return on equity (ROE) 86.20% Return on assets (ROA) 16.12%
Problem 12-6A Use ratios to analyze risk and profitability (LO12-3, 12-4) (The following information applies to...
Problem 12-6A Use ratios to analyze risk and profitability (LO12-3, 12-4) (The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the year ended December 31 2019 Net sales $3.545,000 Cost of goods sold 2.487000 2018 $3,071,000 1957.000 1,058.000 1,114,000 Gross profit Expenses Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense 962,000 37,000 865,000 30.500 8.700...
Profitability Ratios Financial statements for Remington Inc. follow. Remington Inc. Consolidated Statements of Income (In thousands...
Profitability Ratios Financial statements for Remington Inc. follow. Remington Inc. Consolidated Statements of Income (In thousands except per share amounts) 2019 2018 2017 Net sales $7,245,088 $6,944,296 $6,149,218 Cost of goods sold (5,286,253) (4,953,556) (4,355,675) Gross margin $1,958,835 $1,990,740 $1,793,543 General and administrative expenses (1,259,896) (1,202,042) (1,080,843) Special and nonrecurring items 2,617 - - Operating income $701,556 $788,698 $712,700 Interest expense (63,685) (62,398) (63,927) Other income 7,308 10,080 11,529 Gain on sale of investments - 9,117 - Income before income...
Help solve for asset turnover, return on common stockholders equity, and gross profit rate ratios. Thank...
Help solve for asset turnover, return on
common stockholders equity, and gross profit rate ratios. Thank
you
Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2019 $4,950 3,501 75 65 1,150 2,950 971 2018 $5,701 3,801 171 103 1,350 3,250 1,141...
Selected information follow for Bush Company: 2019 2018 Sales revenue $700,000 $520,000 Cost of goods sold...
Selected information follow for Bush Company: 2019 2018 Sales revenue $700,000 $520,000 Cost of goods sold 407,700 310,000 Interest expense 22,000 14,000 Income tax expense 6,500 5,100 Net income 30,000 20,300 Cash flow from operating activities 29,500 26,500 Capital expenditures 42,000 25,000 Accounts receivable (net), December 31 182,000 128,000 Inventory, December 31 225,000 180,000 Stockholders’ equity, December 31 205,000 165,000 Total assets, December 31 460,000 350,000 Required Calculate the following ratios for 2019. The 2018 results are given for comparative...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
The following financial statements apply to Karl Company: Calculate the following ratios for 2018 and 2019....
The following financial statements apply to Karl Company:
Calculate the following ratios for 2018 and 2019. Since 2017
numbers are not presented, do not use averages when calculating the
ratios for 2018. Instead, use the number presented on the 2018
balance sheet.
2019 2018 $420,000 16,000 436,000 $350,000 10,000 360,000 252,000 42,000 22,000 6,000 42,000 364,000 $ 72,000 206,000 38,000 20,000 6,000 36,000 306,000 $ 54,000 Revenues Net sales Other revenues Total revenues Expenses Cost of goods sold Selling expenses...
Annual Data Net sales Gross profit on sales 2019 2018 $9,000,000 $8,200,000 3,050,000 2,736,000 567,600 500,000 Net income Year-End Data Total assets Stockholders' equity Dec. 31, 2019 Dec. 31, 2018 $6,500,000 $6,000,000 5,000,000 3,200,000 Calculate the following ratios for 2019: Note: Round answers to one decimal place, unless otherwise noted. a. Gross profit percentage b. Return on sales C. Asset turnover (Round answer to two decimal places.) d. Return on assets e. Return on common stockholders' equity (Jay Company has...
Ratios Analyzing Long-Term Firm Solvency The following information is available for Banner Company: Annual Data 2019 2018 Interest expense $85,000 $82,000 203,500 185,000 Income tax expense Net income 496,500 425,000 Capital expenditures 320,000 380,000 Cash provided by operating activities 450,000 390,000 Year-End Data Dec. 31, 2019 Dec. 31, 2018 Total liabilities $2,400,000 $1,900,000 Total stockholders equity 4,200,000 3,800,000 Calculate the following: Note: Round all answers to two decimal places. a. 2019 debt-to-equity ratio. b. 2019 times-interest-earned ratio. 0 c. 2019...
Compare and analyze ratios of two companies.
Profitability ratios Dec 31, 2018 Return on Sales Gross profit margin Operating profit margin 63.05% 27.31% 20.20% Net profit margin Return on Investment Return on equity (ROE) Return on assets (ROA) 37.89% 7.73% Dec 29, 2018 Return on Sales 54.56% Gross profit margin Operating profit margin Net profit margin 15.64% 19.35% Return on Investment Return on equity (ROE) 86.20% Return on assets (ROA) 16.12%
Problem 12-6A Use ratios to analyze risk and profitability (LO12-3, 12-4) (The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the year ended December 31 2019 Net sales $3.545,000 Cost of goods sold 2.487000 2018 $3,071,000 1957.000 1,058.000 1,114,000 Gross profit Expenses Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense 962,000 37,000 865,000 30.500 8.700...
Help solve for asset turnover, return on
common stockholders equity, and gross profit rate ratios. Thank
you
Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2019 $4,950 3,501 75 65 1,150 2,950 971 2018 $5,701 3,801 171 103 1,350 3,250 1,141...
i Data Table Years Ended December 31, 2019 and 2018 Dollars in thousands 2019 2018 2017 Net Sales Revenue Cost of Goods Sold Selling and Administrative Expenses Interest Expense $ 184,000 $ 152,000 98,500 83,000 47,000 43,000 8,500 10,000 13,000 9,500 $ 17,000 $ 6,500 Income Tax Expense Net Income Additional data: Total Assets Common Stockholders' Equity Preferred Dividends Common Shares Outstanding During the Year $ 210,000 $ 190,000 $ 174,000 92,500 82,500 77,000 3,000 3,0000 20,000 20,000 10,000 Print...
The following financial statements apply to Karl Company:
Calculate the following ratios for 2018 and 2019. Since 2017
numbers are not presented, do not use averages when calculating the
ratios for 2018. Instead, use the number presented on the 2018
balance sheet.
2019 2018 $420,000 16,000 436,000 $350,000 10,000 360,000 252,000 42,000 22,000 6,000 42,000 364,000 $ 72,000 206,000 38,000 20,000 6,000 36,000 306,000 $ 54,000 Revenues Net sales Other revenues Total revenues Expenses Cost of goods sold Selling expenses...
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