The following is an extract of the balances of a company. What is the company’s return-on-assets...
The following is an extract of the balances of a company. What is the company’s return-on-assets percentage? Items Amount ($) Revenue 50,000 Expenses 10,000 Tax paid 10,000 Fixed assets 80,000 Current assets 20,000
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The following is an extract of the balances of a company. What is the company’s return-on-assets...
The following is an extract of Aster Inc.’s balances: Items Amount ($) Opening inventory 20,000 Closing...
The following is an extract of Aster Inc.’s balances: Items Amount ($) Opening inventory 20,000 Closing inventory 10,000 Sales 50,000 What is Aster’s return-on-assets ratio?
From the following balances for Alpha Inc., calculate the working capital of the company. Items Amount...
From the following balances for Alpha Inc., calculate the working capital of the company. Items Amount ($) Accounts payable 50,000 Inventory 80,000 Tax payable 10,000 Cash at bank 80,000 Prepaid rent 2,000
A company has net income of $5,000, net sales of $20,000, and total assets of $50,000. What is the company’s return on s...
A company has net income of $5,000, net sales of $20,000, and total assets of $50,000. What is the company’s return on sales ratio? Select one: 25 percent There is insufficient information to calculate the ratio. 10 percent 40 percent
Daniels Company reports the following year-end account balances at December 31, 2017. Accounts payable …………….. $20,000...
Daniels Company reports the following year-end account balances at December 31, 2017. Accounts payable …………….. $20,000 Inventory …………………… $40,000 Accounts receivable ………….. $40,000 Land ………………………... $100,000 Bonds payable, long-term …… $250,000 Goodwill ……………………. $10,000 Buildings ……………………….. $160,000 Retained earnings ………… $115,000 Cash ……………………………. $50,000 Sales revenue ……………... $500,000 Common stock ………………… $100,000 Supplies inventory ………… $5,000 Cost of goods sold ……………. $200,000 Supplies expense …………. $20,000 Equipment ……………………... $80,000 Wages expense …………… $100,000 What is Daniels Company’s net income for...
You've collected the following information about a company: 1. What are total assets? 2. What is...
You've collected the following information about a
company:
1. What are total assets?
2. What is total equity?
3. What is retained earnings?
Intro You've collected the following information about a company: Assets Liabilities and Equity Cash 13,000 Accounts payable 19,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 6,000 Current liabilities Inventory 42,000 Long-term debt 95,000 Current assets Total liabilities Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings Fixed assets Equity Total assets Total liab. & equity
You've collected the following information about a company: What are the total assets & total equity?...
You've collected the following information about a company:
What are the total assets & total
equity?
Intro You've collected the following information about a company: Assets Liabilities and Equity Cash 9,000 Accounts payable 18,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 4,000 Current liabilities Inventory 29,000 Long-term debt 95,000 Current assets Total liabilities Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings Fixed assets Equity Total assets Total liab. & equity
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax...
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax PI Expense Accounts Receivable Return On Assets + Merchandise Inventory Total Current Assets Asset Turnover Cash Total Assets Fixed Assets Other Current Assets Use the charts on the following page to calculate Net Profit Margin % for each scenario: Scenario 1 Scenario 2 Income Statement Income Statement Sales Sales Gross Sales $200,000 Gross Sales $100,000 Promotional Allowances $25,000 Promotional Allowances $15,000 Customer Returns -$15,000...
Question 3 2015 2014 2015 Assets Current Assets Not yet answered $45,000 Points out of 10.00...
Question 3 2015 2014 2015 Assets Current Assets Not yet answered $45,000 Points out of 10.00 Flag question Accounts Receivable Credit Card Receivable Marketable Securities Notes Receivable Inventory Prepaid Expenses Total Current Assets $25,000 $5,000 $7,000 $20,000 $30,000 $32,000 $40,000 $159,000 $23,000 $4,500 $6,000 $18,000 $25,000 $27,000 $36,000 $139,500 Revenues Sales Cash Sales A/R Sales Credit Card Sales Toual Sales Cost of Sales Gross Profit $21,000 $76,000 $142,000 $38.340 $103,660 Direct Operating Expenses Payroll Expenses Other Expenses Total Departmental Expenses...
The following table illustrates the differences between a company’s contract revenue and recognized revenue for a...
The following table illustrates the differences between a company’s contract revenue and recognized revenue for a four-year contract. Contract revenue source Year 1 Year 2 Year 3 Year 4 Financial Statements $40,000 $0 $0 $0 Tax Return $10,000 $10,000 $10,000 $10,000 Assume tax rates of 40% in Year 1 and 50% in all other years. How much deferred income tax liability should the company recognize at the end of Year 1? A. 12,000 B. 15,000 C. 16,000 D. 20,000
The Castillo Company reported operating profits of $60,000, Depreciation expenses of $40,000, Interest expense of $10,000...
The Castillo Company reported operating profits of $60,000, Depreciation expenses of $40,000, Interest expense of $10,000 and paid $10,000 in taxes in 2017. Following are the Company’s balance sheets for 2016 and 2017. C&B CASTILLO COMPANY 2016 2017 Cash $50,000 $5,000 Accounts Receivables 200,000 300,000 Inventories 400,000 480,000 Total Current Assets 650,000 785,000 Gross Fixed Assets 450,000 570,000 Accumulated Depreciation -100,000 -140,000 Net Fixed Assets ...
You've collected the following information about a
company:
1. What are total assets?
2. What is total equity?
3. What is retained earnings?
Intro You've collected the following information about a company: Assets Liabilities and Equity Cash 13,000 Accounts payable 19,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 6,000 Current liabilities Inventory 42,000 Long-term debt 95,000 Current assets Total liabilities Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings Fixed assets Equity Total assets Total liab. & equity
You've collected the following information about a company:
What are the total assets & total
equity?
Intro You've collected the following information about a company: Assets Liabilities and Equity Cash 9,000 Accounts payable 18,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 4,000 Current liabilities Inventory 29,000 Long-term debt 95,000 Current assets Total liabilities Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings Fixed assets Equity Total assets Total liab. & equity
Return on Assets Net Sales Gross Profit Margin Cost of Goods Operating Net Profit Before Tax PI Expense Accounts Receivable Return On Assets + Merchandise Inventory Total Current Assets Asset Turnover Cash Total Assets Fixed Assets Other Current Assets Use the charts on the following page to calculate Net Profit Margin % for each scenario: Scenario 1 Scenario 2 Income Statement Income Statement Sales Sales Gross Sales $200,000 Gross Sales $100,000 Promotional Allowances $25,000 Promotional Allowances $15,000 Customer Returns -$15,000...
Question 3 2015 2014 2015 Assets Current Assets Not yet answered $45,000 Points out of 10.00 Flag question Accounts Receivable Credit Card Receivable Marketable Securities Notes Receivable Inventory Prepaid Expenses Total Current Assets $25,000 $5,000 $7,000 $20,000 $30,000 $32,000 $40,000 $159,000 $23,000 $4,500 $6,000 $18,000 $25,000 $27,000 $36,000 $139,500 Revenues Sales Cash Sales A/R Sales Credit Card Sales Toual Sales Cost of Sales Gross Profit $21,000 $76,000 $142,000 $38.340 $103,660 Direct Operating Expenses Payroll Expenses Other Expenses Total Departmental Expenses...
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