Last year YYY Company had a 5% net profit margin based on $34,000,000 in sales and...
Last year YYY Company had a 5% net profit margin based on $34,000,000 in sales and $10,000,000 of total assets. During the coming year, the president has set a goal of attaining a 19% return on total assets. How much must sales equal, other things being the same, for the goal to be achieved?
| a)$38,000,000 |
| b) | $34,000,000 |
| c) | $43,520,260 |
| d) | $41,697,400 |
| e) | $30,508,200 |
Homework Answers
Add Answer to:
Last year YYY Company had a 5% net profit margin based on $34,000,000 in sales and...
(Analyzing operating return on assets) The D.A. Winston Corporation earned an operating profit margin of 10.8...
(Analyzing operating return on assets) The D.A. Winston Corporation earned an operating profit margin of 10.8 percent based on sales of $11.4 million and total assets of $5.7 million last year. a. What was Winston's total asset turnover ratio? b. During the coming year the company president has set a goal of attaining a total asset turnover of 3.2. How much must firm sales rise, other things being the same, for the goal to be achieved? (State your answer in...
Last year, Duff Company had sales of $7,442 million. If Duff's net profit margin was 4.3...
Last year, Duff Company had sales of $7,442 million. If Duff's net profit margin was 4.3 percent and its return on assets was 3.7 percent, what was Duff's total assets? a. $ 5,841 million. b. $ 6,404 million. c. $ 7,895 million. d. $ 8,649 million.
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....
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...
(DuPont analysis) Bryley, Inc. earned a net profit margin of 4.7 percent last year and had an equity multiplier of 3.46...
(DuPont analysis) Bryley, Inc. earned a net profit margin of 4.7 percent last year and had an equity multiplier of 3.46. If its total assets are $97 million and its sales are $147 million, what is the firm's return on equity? The company's return on equity is (Round to one decimal place.)
RTR Inc.'s sales last year were $2,750,000 (all on credit), and its net profit margin was...
RTR Inc.'s sales last year were $2,750,000 (all on credit), and its net profit margin was 12%. Its inventory turnover was 5.0 times during the year, and its days sales outstanding was 32 days. Its annual cost of goods sold was $2,200,000. The firm had fixed assets totaling $800,000. RTR's payables deferral period is 45 days. Assuming RTR holds negligible amounts of cash and marketable securities (zero), calculate A.) Total assets turnover B.) Return on assets
Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its...
Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm’s total-debt-to-total-capital ratio was 45.0%. The firm finances using only debt and common equity and its total assets equal total invested capital. Based on the DuPont equation, what was the ROE? DuPont equation: ROE = profit margin * total asset turnover * equity multiplier ROE = (NI / Sales) * (Sales / Total assets) * (Total assets / Total...
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits ÷ sales) of 26 percent and sales of $8.3 million last year.
(Efficiency analysis) The Brenmar Sales Company had a gross profit margin (gross profits ÷ sales) of 26 percent and sales of $8.3 million last year. 70 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $1.4 million, its current liabilities equal $295,500, and it has $109,900 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $561,700, what is its average collection period? b. If Brenmar reduces its average collection period to...
DuPont Analysis Last year Café Creations, Inc. had an ROA of 23%, a profit margin of...
DuPont Analysis Last year Café Creations, Inc. had an ROA of 23%, a profit margin of 11.8% and sales of $4.2 million. What is Café Creations's total assets? Ο Ο Ο Ο
Which statement is TRUE? A. The two components of RNOA, net operating profit margin and NOA...
Which statement is TRUE? A. The two components of RNOA, net operating profit margin and NOA turnover, are independent of each other. B. A decrease in net operating profit margin will cause both return on net operating assets and return on equity to decrease, all other things being equal. C. If a company has rapidly growing earnings per share, their return on net operating assets must be increasing too. D. Return on net operating assets will always be greater than...
(Analyzing operating return on assets) The D.A. Winston Corporation earned an operating profit margin of 10.8 percent based on sales of $11.4 million and total assets of $5.7 million last year. a. What was Winston's total asset turnover ratio? b. During the coming year the company president has set a goal of attaining a total asset turnover of 3.2. How much must firm sales rise, other things being the same, for the goal to be achieved? (State your answer in...
Last year, Duff Company had sales of $7,442 million. If Duff's net profit margin was 4.3 percent and its return on assets was 3.7 percent, what was Duff's total assets? a. $ 5,841 million. b. $ 6,404 million. c. $ 7,895 million. d. $ 8,649 million.
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....
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...
(DuPont analysis) Bryley, Inc. earned a net profit margin of 4.7 percent last year and had an equity multiplier of 3.46. If its total assets are $97 million and its sales are $147 million, what is the firm's return on equity? The company's return on equity is (Round to one decimal place.)
DuPont Analysis Last year Café Creations, Inc. had an ROA of 23%, a profit margin of 11.8% and sales of $4.2 million. What is Café Creations's total assets? Ο Ο Ο Ο
Most questions answered within 3 hours.
-
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 1 hour ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 2 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 2 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 2 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 3 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 3 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 3 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 3 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 3 hours ago -
Why are polymers not typically casted into products?
asked 3 hours ago -
When rolling a die 129 times, what is the probability of rolling
a 6 no more...
asked 4 hours ago -
4. A call option currently sells for $7.75. It has a strike
price of $85 and...
asked 4 hours ago