Student HW3 AU23 UPDATED 8 30 23-2

HIC GROUP OF Companies COMPARATIVE INCOME STATEMENT For years  ended 3rd December                                                                                                                               2019                                     2020       Revenue and gains Sales revenue                    495,500                                 496,738.75 Interest revenue                 278,500                                 279,196.25 Investment Income            71,700                                   71,879.25 Other revenue                   101,500                                 101,753.75 Total revenue and gains     947,200                                 949,968 Expenses and losses                                                            Cost of good sold              450,000                                 447,750 Selling&administrative      185,000                                 184,075 Computer (operating)        42,500                                   42,288…

Consolidated Statements of Income Years Ended December ($ millions) July 27, 2019 July 28, 2018 Revenue     Product $39,005 $36,709 Service 12,899 12,621 Total revenue 51,904 49,330 Cost of sales     Product 14,863 14,427 Service 4,375 4,297 Total cost of sales 19,238 18,724 Gross margin 32,666 30,606 Operating expenses     Research and development 6,577 6,332 Sales and marketing 9,571 9,242 General and administrative 1,827 2,144 Amortization of purchased intangible assets 150 221 Restructuring and other charges 322 358 Total operating expenses 18,447 18,297 Operating income 14,219 12,309 Interest income 1,308 1,508 Interest expense (859) (943) Other income (loss), net (97) 165 Interest and other income (loss), net 352 730 Income before provision for income taxes 14,571 13,039 Provision for income taxes 2,950 12,929 Net income $11,621 $110   Cisco Systems Inc.Consolidated Balance Sheets In millions, except par value July 27,…

Assignment COMPARATIVE STATEMENTS Sikat Manufacturing Corporation Income Statement For the year ended Dec. 31, 2020 and 202019 2020 2019 P 5,150,000 -150,000 5,000,000 3,200,000 1,800,000 Sales 4,250,000 na 250.000 4,000,000 2.600,000 1,400,000 Less: Sales Returns and Allowances Net Sales Less: Cost of Sales Gross Profit Less: Operating Expenses Selling Expenses General and Administrative Expenses Total Operating Expenses Operating Income Less: Interest expense Net Income before tax Less: Income tax.(32% ) Net Income 720,000 780,000 1,500,000 300,000 60,000 240,000 76,800 P 163.200 600,000 600,000 1,200,000 200,000 40,000 160,000 51,200 P 108,800 Sikat Manufacturing Corporation Balance Sheet Dec. 31, 2020 and 2019 2020 2019 ASSETS P 225,000 150,000 240,000 260,000 120,000 150,000 70,000 550,000 P1.765.000 P 1,520,000 Cash P140.000 125,000 180,000 160,000 145,000 170,000 80,000 520,000 Marketable Securities Accounts Receivable Inventories: Finished Goods Work-in-Process Raw Materials…

SUNLAND COMPANYIncome StatementsFor the Years Ended December 31     2022   2021 Net sales   $2,178,400   $2,030,000 Cost of goods sold   1,207,000   1,187,080 Gross profit   971,400   842,920 Selling and administrative expenses   590,000   565,220 Income from operations   381,400   277,700 Other expenses and losses            Interest expense   25,960   23,600 Income before income taxes   355,440   254,100 Income tax expense   106,632   76,230 Net income   $ 248,808   $ 177,870 SUNLAND COMPANYBalance SheetsDecember 31 Assets   2022   2021 Current assets            Cash   $ 70,918   $ 75,756    Debt investments (short-term)   87,320   59,000    Accounts receivable   139,004   121,304    Inventory   148,680   136,290      Total current assets   445,922   392,350 Plant assets (net)   765,820   613,954 Total assets   $1,211,742…

Refine Assumptions for PPE ForecastFollowing are the income statement and balance sheet for Medtronic PLC. Consolidated Statement of Income ($ millions) For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses   Cost of products sold 9,155 Research and development expenses 2,330 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 198 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit (loss) 6,268 Other nonoperating income, net (373) Interest expense 1,444 Income (loss) before income taxes 5,197 Income tax provision 547 Net income (loss) 4,650 Net (income) loss attributable to noncontrolling interests (19) Net income (loss) attributable to Medtronic $ 4,631 Consolidated Balance Sheet ($ millions) April 26, 2019 Current assets   Cash and cash equivalents $ 4,393 Investments 5,455 Accounts receivable, less…

Refine Assumptions for PPE ForecastFollowing are the income statement and balance sheet for Medtronic PLC. Consolidated Statement of Income ($ millions) For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses   Cost of products sold 9,155 Research and development expenses 2,330 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 198 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit (loss) 6,268 Other nonoperating income, net (373) Interest expense 1,444 Income (loss) before income taxes 5,197 Income tax provision 547 Net income (loss) 4,650 Net (income) loss attributable to noncontrolling interests (19) Net income (loss) attributable to Medtronic $ 4,631 Consolidated Balance Sheet ($ millions) April 26, 2019 Current assets   Cash and cash equivalents $ 4,393 Investments 5,455 Accounts receivable, less…

Compute NET Profit margin ratio

Selected 2020 balance sheet and income statement information for Vkusno & Tochka Corporation and Tasty Treats, Inc., follows. ($ millions) Vkusno & Tochka Tasty Treats Sales Revenue Interest Expense Net Income Average Total Assets $96,040 $6,090 $27,786 $294,060 28,260 2,715 5,309 32,549 a. Compute the return on assets (ROA) for each company. Use the 25% statutory tax rate. Note: Round your answers to the nearest million dollars. Numerator ($ millions) + Denominator ($ millions) 0+ $ 0+$ Vkusno & Tochka's ROA $ Tasty Treats' ROA $ Vkusno & Tochka's PM $ Tasty Treats' PM Vkusno & Tochka's ROA Tasty Treats' ROA b. Disaggregate ROA into profit margin (PM) and asset turnover (AT) for each company. • Note: Round your answers to the nearest million dollars. $ Vkusno & Tochka's AT $ Tasty Treats' AT $ Numerator ($ millions) + Denominator ($ millions) 0$ 05 0+$ 0+ $ PM X % x % X 0 AT c. Discuss any differences in these ratios for each company. has the lower ROA ratio. has the higher PM ratio.…

ROLEX LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2021 R Sales 4 140 000 Cost of sales (2 020 000) Gross profit 2 120 000 Selling and administrative expenses (840 000) Operating profit 1 280 000 Interest expense (80 000) Profit before tax 1 200 000 Company tax (320 000) Profit after tax 880 000 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: ASSETS 2021 (R) 2020 (R) Non-current assets 3740 000 2 940 000 Property, plant and equipment 3 440 000 2940 000 Investments 300 000 Current assets 1 080 000 900 000 Inventories 480 000 500 000 Accounts receivable 510 000 320 000 Cash and cash equivalents 90 000 80 000 Total assets 4 820 000 3 840 000 EQUITY AND LIABILITIES Equity 3 120 000 2 600 000 Ordinary share capital 2 000 000 2 000 000 Retained eamings 1 120 000 600 000 Non-current liabilities 800 000 400 000 Long-term loan 800 000 400 000 Current liabities 900 000 840 000 Accounts payable 480 000 560 000 Company tax payable 160 000 80 000 Dividends payable 260…

Enola Enterprises Income Statement Year Ended Ended June 30, 2020 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense 42,000 Advertising Expense 12,000 Depreciation Expense-Plant Assets 28,000 Total Operating Expenses Income From Operations Other Income (Expenses) Dividend Revenue Interest Expense Total Other Income (Expenses) Net Income Before Income Taxes Income Tax Expense Net Income 10,800 -3,100 229,000 104,000 125,000 82,000 43,000 7,700 50,700 8,000 42,700 Additional data follow: a) Collections from customers are $13,000 more than sales. b) Dividend revenue, interest expense, and income tax expense equal their cash amounts. c) Payments to suppliers are the sum of cost of goods sold plus advertising expense. d) Payments to employees are $1,700 more than salaries expense. e) Cash payment for the acquisition of plant assets is $108,000.

Veery Beery Company Statement of Comprehensive Income For the Year-ended December 31 2019 2020 Sales P 10,040,000 P 8,760,000 Cost of Goods Sold 5,680,000 5,860,000 Gross Profit 4,360,000 2,800,000 Operating Expenses Operating Income Interest Expense 1.160,000 1.680,000 1,220,000 3,200,000 100,000 28.000 Net Income P 3.1000,000 PI192,000 Veery Beery Company Statement of Financial For the Year-ended December 31 2019 2020 Cash P 400,000 180,000 Short-term investments 5,600,000 1,800,000 Accounts receivable 1,480,000 1,060,000 Inventory Other Current Assets Total Current Assets 1,380,000 1,640,000 8,860,000 4,680,000 10,860,000 5,040,000 Equipment 6,800,000 5,200,000 P 17,660,000 10,240,000 P 6,600,000 Total Assets Accounts Payable Notes Payable - long term Owner, Capital 2,620,000 2,460,000 2,120,000 8.600.000 5.500.000 Total liabilities and equity P 17,660,000 10,240,000 Requirements: a. Compute for the company's profitability and operating efficiency ratios for 2020. b. Compute for the…

Please ONLY provide answers for  5.1.6 5.1.7

Skysong Inc., a greeting card company, had the following statements prepared as of December 31, 2020. SKYSONG INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $6,100 $6.900 Accounts receivable 61.900 50,500 Short-term debt investments (available-for-sale) 34,800 18,200 Inventory 39,900 59,800 Prepaid rent 4,900 4.000 Equipment 155,500 131,200 Accumulated depreciation-equipment (34,800 ) (25,300 ) Copyrights 45,700 50.200 Total assets $314,000 $295,500 Accounts payable $46,200 $39,700 Income taxes payable 4,000 6,100 Salaries and wages payable 7,900 4,000 Short-term loans payable 7,900 10,000 Long-term loans payable 59.800 68,600 Common stock, $10 par 100,000 100,000 Contributed capital, common stock 30,000 30,000 Retained earnings 58,200 37,100 Total liabilities & stockholders' equity $314,000 $295,500

Billingham Industries, Inc. Comparative Income Statement For the years ended December 31, 2021 and 202 Particulars Amount (2021) Amount (2020)          Amount (Increase/Decrease) Percentage     Change Sales $1,280,000 $1,180,000 $100,000 8.47% Cost of goods sold 644,800 613,600 31,200 5.08% Gross profit 635,200 566,400 68,800 12.15% Selling expenses 230,500 188,800 41,700 22.09% Administrative expenses 182,500 177,000 5,500 3.10% Total operating expenses 413,000 365,800 47,200 12.90% Income from operations 222,200 200,600 21,600 10.77% Other income 77,000 70,800 6,200 8.757% Income before income tax 299,200 271,400 27,800 10.243% Income tax expense 121,600 106,200 15,400 14.500% Net income $177,600 $165,200 $12,400 7.506%   1. Perform a vertical analysis using the form provided below: (Enter as a formula computing % of sales)1. Perform a vertical analysis using the form provided below: (Enter as a formula computing % of sales)

G Mart Wholesale Inc.     Consolidated Income Statement   For Fiscal Year Ended June 30 ($ Millions) 2021 2020 Revenue     Net Sales $ 420,800 $ 400,500 Membership Fees $ 8,230 $ 7,560 Total Revenue $ 429,030 $ 408,060 Operating Expenses     Mechandising Costs $ 321,500 $ 320,000 Selling, General and Administrative $ 82,650 $ 71,600 Asset Impairment Expense $ 120 $ 180 Total Operating Expenses $ 404,270 $ 391,780 Operating Income $ 24,760 $ 16,280 Other Income (expense)     Interest Expense $ (260) $ (240) Interest Income and Other, Net $ 60 $ 52 Income Before Taxes $ 24,560 $ 16,092 Provision for income taxes $ 6,140 $ 4,023 Net Income Including Noncontrolling Interest $ 18,420 $ 12,069 Net Income Attributable to Noncontrolling Interest $ (32) $ (51) Net Income Attributable to G Mart $ 18,388 $ 12,018                     G Mart Wholesale Inc.     Consolidated Balance Sheet   As at June 30 ($ million) 2021 2020 Assets…

PARROTHEAD ENTERPRISES 2020 and 2021 Partial Balance Sheets Assets 2020 2021 Liabilities and Owners’ Equity 2020 2021 Current assets  $ 1,278  $ 1,403 Current liabilities  $ 566  $ 613 Net fixed assets 5,057 6,120 Long-term debt 2,760 2,939     PARROTHEAD ENTERPRISE 2021 Income Statement Sales $ 15,874 Costs 7,243 Depreciation 1,435 Interest paid 436     a. What is owners' equity for 2020 and 2021?  b. What is the change in net working capital for 2021?  c-1. In 2021, Parrothead Enterprises purchased $2,640 in new fixed assets. How much in fixed assets did the company sell?  c-2. In 2021, Parrothead Enterprises purchased $2,640 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 24 percent.  d-1. During 2021, Parrothead Enterprises raised $564 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year?  d-2. During 2021, Parrothead Enterprises raised $564 in new…

I need the exact format for the earnings per share please

Calculate net profit margin of the year 2019 and 2020

The following information was taken from the financial statements of Sunland Company:     2021     2020   Gross profit on sales   $678,600         $760,000       Income before income taxes   205,400         225,000       Net income   260,000         225,000       Net income as a percentage of net sales   10%     9%   what are the net sales for 2021 and 2020

Consolidated Statements of Operations FINANCIAL STATEMENTS Table of Contents Index to Financial Statements (millions, except per share data) 2020 2019 2018 Sales Other revenue $ 92,400 $ 77,130 $ 74,433 1,161 982 923 Total revenue 93,561 78,112 75,356 Cost of sales 66,177 54,864 53,299 Selling, general and administrative expenses 18,615 16,233 15,723 Depreciation and amortization (exclusive of depreciation included in cost of sales) 2,230 2,357 2,224 Operating income 6,539 4,658 4,110 Net interest expense 977 477 461 Net other (income) / expense 16 (9) (27) Earnings from continuing operations before income taxes 5,546 4,190 3,676 Provision for income taxes 1,178 921 746 Net earnings from continuing operations 4,368 3,269 2,930 Discontinued operations, net of tax 12 7 Net earnings $ 4,368 $ 3,281 $ 2,937 Basic earnings per share Continuing operations Discontinued operations Net earnings per share Diluted earnings per share Continuing operations Discontinued operations $ 8.72 $ 6.39 $…

Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $ 429,809 $ 329,269 $ 228,500 Cost of goods sold 258,745 207,439 146,240 Gross profit 171,064 121,830 82,260 Selling expenses 61,033 45,439 30,162 Administrative expenses 38,683 28,976 18,966 Total expenses 99,716 74,415 49,128 Income before taxes 71,348 47,415 33,132 Income tax expense 13,271 9,720 6,726 Net income $ 58,077 $ 37,695 $ 26,406 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets $ 58,039 $ 38,846 $ 51,928 Long-term investments 0 1,100 3,100 Plant assets, net 106,146 96,441 57,969 Total assets $ 164,185 $ 136,387 $ 112,997 Liabilities and Equity Current liabilities $ 23,971 $ 20,322 $ 19,774 Common stock 67,000 67,000 49,000 Other paid-in capital 8,375 8,375 5,444 Retained earnings 64,839 40,690 38,779 Total liabilities and equity $ 164,185 $ 136,387 $…

Operating data for Cheyenne Corp. are presented below. 2022 2021 Sales revenue $831,900 $629,500 Cost of goods sold 529,700 410,900 Selling expenses 125,400 74,300 Administrative expenses 79,400 52,000 Income tax expense 37,000 24,500 Net income 60,400 67,800 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.)