Tarea 2.1 Estados de ingresos y gastos de una sola etapa o de etapas multiples

Subject: accounting

Subject-advance maths

Calculate gross profit ratio for the year 2018 and 2019

CALCULATE THE EBITDA     For the year ended December 31,   Notes 2020 2019 Revenue    ₱ 10,775,731.00  ₱ 11,334,976.00 Cost of Sales   7,175,540.00 7,552,700.00 Gross profit   3,600,191.00 3,782,276.00 General and Administrative expenses   3,278,202.00 3,417,740.00 Finance Cost Or Interest Expense   48,000.00 16,000.00 Net Income before Tax   273,989.00 348,536.00 Provision for Income Tax   82,197.00 104,561.00 NET INCOME AFTER TAX    ₱       191,792.00  ₱        243,975.00 (See Notes to Financial Statement)

Saved e Quiz: Accounting for Current Liabi... A Required information Knowledge Check 01 The records of Pippins, Incorporated, included the following information: Net sales 475,000 Gross margin Interest expense Income tax expense Net income 000'0 000'0 Compute the times interest earned ratio, rounded to the nearest decimal. O 4.8 O 6.4 O7.4 O 20.0 *********** II F3 F5 F6 F8 F4 #3

The following are the financial statement JNC Ltd. for the year ended 31 March 2020: JNC Ltd. Income statement For the year ended 31 March 2020   $”M” Revenue 1276.50 Cost of sales (907.00)   369.50 Distribution costs (62.50) Administrative expenses (132.00)   175.00 Interest received   12.50 Interest paid  (37.50)   150.00 Tax (70.00) Profit after tax 80.00 JNC Ltd. Statement of financial position as at 31 March   2020 2019   $”M” $”M” ASSETS:     Non- current assets:     Property, plant and equipment 190 152.5 Intangible assets 125 100 Investments   12.5 Current assets:     Inventories 75 51 Receivables 195 157.5 Short-term investment 25   Cash in hand 1 0.5 Total assets 611 474 Equity and liabilities:     Equity:     Share capital      (10 million ordinary shares of $ 10 per value)  100 75 Share premium  80 75 Revolution reserve 50 45.5 Retained earnings 130 90 Non-current liabilities:     Loan 85 25…

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K McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement: Year Ended December 31, 2024 Net income Income tax expense Interest expense $ 22,950 6,600 3,000 What was McDaniel's times-interest-earned ratio for 2024? OA. 7.65 OB. 10.85 OC. 9.85 OD. 8.65 point(s) possible ...

ect Assignment The preliminary 2024 income statement of Alexian Systems, Incorporated, is presented below: ALEXIAN SYSTEMS, INCORPORATED Income Statement. For the Year Ended December 31, 2024 ($ in millions, except earnings per share) Revenues and gains: Sales revenue Interest revenue Other income Total revenues and gains. Expenses: Cost of goods sold Selling and administrative expense Income tax expense Total expenses Net Income Earnings per share $ 435 6 128 569 247 158 41 446 $123 $ 12.30 Saved Help Additional information: 1. Selling and administrative expense includes $28 million in restructuring costs. 2. Included in other income is $120 million in income from a discontinued operation. This consists of $90 million in operating income and a $30 million gain on disposal. The remaining $8 million is from the gain on sale of investments. 3. Cost of Goods Sold in 2024 includes an increase of $10 million to correct an understatement of Cost of Goods Sold in 2023. The amount is material.…

Multi-Step Income Statement Question: Based on the Multi-step Income Statement you prepared on your scratch paper, what is the amount of "Net Income After-Taxes" on the Multi-step Income Statement for the period ending 12/31/xx? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 W ASUS f4 f5 f6 f7 f9 f10 f11 团 %24 4 & 7. 9. Y U I G H JK 因 6 图 近 图

Questions about the Income Statement.                                          a. List 2 expense accounts AND their amounts for 2020 b. What was the net profit/(loss) for 2020? What about 2019? c.Compared with 2019, has the net profit/(loss) increased or decreased?

The following are the financial statement Kin Ltd. for the year ended 31 March 2020:   Kin Ltd. Income statement For the year ended 31 March 2020   $”M” Revenue 1276.50 Cost of sales (907.00)   369.50 Distribution costs (62.50) Administrative expenses (132.00)   175.00 Interest received   12.50 Interest paid  (37.50)   150.00 Tax (70.00) Profit after tax 80.00       Kin Ltd. Statement of financial position as at 31 March   2020 2019   $”M” $”M” ASSETS:     Non- current assets:     Property, plant and equipment 190 152.5 Intangible assets 125 100 Investments   12.5 Current assets:     Inventories 75 51 Receivables 195 157.5 Short-term investment 25   Cash in hand 1 0.5 Total assets 611 474 Equity and liabilities:     Equity:     Share capital      (10 million ordinary shares of $ 10 per value)  100 75 Share premium  80 75 Revolution reserve 50 45.5 Retained earnings 130 90 Non-current liabilities:…

Requirement 1. Prepare a horizontal analysis of the comparative income statement of McCormick ​Designs, Inc. Round percentage changes to one decimal place. ​(Round the percentages to one decimal​ place, X.X%. Use a minus sign or parentheses to indicate a​ decrease.)   McCormick Designs, Inc. Comparative Income Statement Years Ended December 31, 2024 and 2023       Increase (Decrease)   2024 2023 Amount Percentage Net Sales Revenue $429,000 $373,750     % Expenses:           Cost of Goods Sold 204,000 190,450     % Selling and Administrative Expenses 96,000 91,050     % Other Expenses 7,450 5,750     % Total Expenses 307,450 287,250     % Net Income $121,550 $86,500     % Requirement 2. Why did 2024 net income increase by a higher percentage than net sales​ revenue?   Net income increased by a higher percentage than total net…

Calculate the debt ratio total liabilities/ total assets for Rock Castle Construction. What’s the percentage

Module pute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot. Feb. 3, 2019 Jan. 28, 2018 $35,891 $34,794 1,511 3,056 $37,402 $37,850 $14,177 $13,640 24,822 22,974 $38,999 $36,614 Operating assets Nonoperating assets Total assets $ millions Operating liabilities Nonoperating liabilities Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income Assume a statutory tax rate of 22%. a. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = Net income + NNE Net income NNE NOPAT $ 9,453 $ $ $91,973 78,772 13,201 828 12,373 2,920 $9,453 7,361 * $ 16814 b. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = NOPBT - Tax on operating profit NOPBT Tax on operating profit 7,361 * $ 10,296.78 x $ NOPAT -2936

Volata Company began operations on January 1, 2019. In the second quarter of 2020, it adopted the FIFO method of inventory valuation. In the past, it used the LIFO method. The company's interim income statements as originally reported under the LIFO method follow: Sales Cost of goods sold (LIFO) Operating expenses Income before income taxes Income taxes (25%) Net income 1stQ $ 22,000 5,200 3,200 $ 13,600 3,400 $ 10, 200 Cost of goods sold (FIFO) 2ndQ $ 24,000 6,200 3,400 $ 14,400 3,600 $ 10,800 2019 3rdQ $ 26,000 7,000 3,800 $ 15,200 3,800 $ 11,400 2019 4thQ $ 28,000 8,200 4, 200 $15,600 3,900 $ 11,700 If the FIFO method had been used since the company began operations, cost of goods sold in each of the previous quarters would have been as follows: 1stQ 2ndQ 3rdQ $ 5,000 $ 5,800 $ 6,400 2020 1stQ $ 30,000 4thQ $ 7,200 9,700 4,400 $ 15,900 3,975 $ 11,925 2020 1stQ $ 8,600 Sales for the second quarter of 2020 are $32,000, cost of goods sold under the FIFO method is $10,200, and operating…

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