WP 5-2-a and b

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

Calculate gross profit ratio for the year 2018 and 2019

Global Corp. initially projected the 2019 income statement shown in the table E. Suppose that in 2019, Global launched an aggressive marketing campaign that boosted 2019 sales further by 14.1%. However, their operating margin fell from 5.56% to 4.49% Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of pretax income (26%) as in 2018. a. What was Global's EBIT in 2019? b. What was Global's income in 2019? c. If Global's P/E ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 2019? a. What was Global's EBIT in 2019? Global's EBIT was $ million. (Round to two decimal places.) b. What was Global's income in 2019? Net income was $ million. (Round to two decimal places.) c. If Global's P/E ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 2019? Global's share price in 2019 was $. (Round to the nearest cent.)

Please ONLY provide answers for  5.1.6 5.1.7

WESTON ENTERPRISES 2019 and 2020 Partial Balance Sheets Assets Liabilities and Owners’ Equity 2019 2020 2019 2020 Current assets $ 1,248 $ 1,305 Current liabilities $ 568 $ 600 Net fixed assets 5,777 6,023 Long-term debt 3,228 3,489 WESTON ENTERPRISES 2020 Income Statement Sales $ 17,529 Costs 5,203 Depreciation 1,532 Interest paid 708 a. What was owners' equity for 2019 and 2020? (Do not round intermediate calculations.) b. What was the change in net working capital for 2020? (Do not round intermediate calculations.) c-1. In 2020, the company purchased $3,110 in new fixed assets. How much in fixed assets did the company sell? (Do not round intermediate calculations.) c-2. In 2020, the company purchased $3,110 in new fixed assets. What was the cash flow from assets for the year? The tax rate is 25 percent. (Do not round intermediate calculations.) d-1. During 2020, the company raised $772 in new…

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…

Pro Forma Financial Statement Information for Ideko 2014 - 2019 Year 1. Raw Material 2. Depreciation 3. Wages Payable 4. Interest Expense 5. Finished Goods 6. Other Accounts Payable 7. Accounts Receivable 8. Cash Balance 10. Interest Tax $22,170 $30,510 $35,195 $26,420 $21,260 2014 1,973 5,500 1,294 75 4,192 3,360 18,493 6,164 3,736 2015 1,534 5,450 1,433 6,800 4,967 4,099 14,525 7,262 2,796 2016 1,775 5,405 1,695 6,800 5,838 4,953 16,970 8,485 3,364 2017 2,039 6,865 1,941 6,800 6,815 5,938 19,689 9,845 3,748 The amount of net working capital for Ideko in 2017 is closest to: 2018 2,329 7,678 2,211 7,820 7,911 6,900 22,709 11,355 4,513 2019 2,646 7,710 2,570 8,160 9,138 7,878 26,059 13,030 5,678

Solar Electric Inc. Balance Sheet 32 Marks ACB As at December 31, 2023 Account Title Debit Credit Assets Current Assets Cash 100,649 Accounts Receivable 35,860 Interest Rceivable 9,113 Prepaid Insurance 7,370 Short-Term Investment- Citi Inc 237,000 Short-Term Investment- Bonds 135,000 Inventory 90,640 Valuation Allowance for Fair Value Adjustment 50,700 Total Current Assets 666,332 Non-current Assets Investment in HSBC Inc. Common Shares 503,840 Long-Term Investment- Bond 145,000 Property, Plant & Equipment 280,000 Accumulated Depreciation 86,000 Total Non-Current Assets 842,840 Total Assets 1,509,172 Liabilities Current Liabilities Accounts Payable 212,400 Interest Payable 31,167 Unearned Revenue 21,000 Total Current Liabilities 264,567 Long-Term Liabilities Bonds Payable 340,000 Discount on Bonds Payable 15,741 Bank Loan 225,000 Total-Long Term Liabilities 549,259 Total Liabilities 813,826 Shareholders Equity Common Shares 362,000 Preferred Shares 80,000 Retained Earnings 348,385…

Income Statements for the Year Ended 31st Dec 2020                     KM Ltd   ROW Ltd     £'000     £'000 Sales revenue   8,320     11,250 Cost of sales   (6,020)     (9,030) Gross profit   2,300     2,220 Operating expenses   (1,048)     (1,535) Operating profit   1,252     685 Finance charges   (20)     (70) Profit before tax   1,232     615 Taxation   (62)     (30) Profit for the year   1,170     585   SOFP (Balance Sheet) as at 31st Dec 2020         KM Ltd   ROW Ltd   £'000 £'000   £'000 £'000 Non-current assets   502     198             Current assets            Inventory 1,290     2,437    Trade receivables     730     1,990       2,020     4,427 Total assets   2,522     4,625             Equity           Share capital   1,350          800   Reserves 580       1,145              1,930         1,945…

Income Statements for the Year Ended 31st Dec 2020                     KM Ltd   ROW Ltd     £'000     £'000 Sales revenue   8,320     11,250 Cost of sales   (6,020)     (9,030) Gross profit   2,300     2,220 Operating expenses   (1,048)     (1,535) Operating profit   1,252     685 Finance charges   (20)     (70) Profit before tax   1,232     615 Taxation   (62)     (30) Profit for the year   1,170     585   SOFP (Balance Sheet) as at 31st Dec 2020         KM Ltd   ROW Ltd   £'000 £'000   £'000 £'000 Non-current assets   502     198             Current assets            Inventory 1,290     2,437    Trade receivables     730     1,990       2,020     4,427 Total assets   2,522     4,625             Equity           Share capital   1,350          800   Reserves 580       1,145              1,930         1,945…

Income Statements for the Year Ended 31st Dec 2020                     KM Ltd   ROW Ltd     £'000     £'000 Sales revenue   8,320     11,250 Cost of sales   (6,020)     (9,030) Gross profit   2,300     2,220 Operating expenses   (1,048)     (1,535) Operating profit   1,252     685 Finance charges   (20)     (70) Profit before tax   1,232     615 Taxation   (62)     (30) Profit for the year   1,170     585   SOFP (Balance Sheet) as at 31st Dec 2020         KM Ltd   ROW Ltd   £'000 £'000   £'000 £'000 Non-current assets   502     198             Current assets            Inventory 1,290     2,437    Trade receivables     730     1,990       2,020     4,427 Total assets   2,522     4,625             Equity           Share capital   1,350          800   Reserves 580       1,145              1,930         1,945…

please answer a and b

Do the calculations in excel, attach excel screenshots and explain the steps and formulas used for solving the problem. Following are the particulars available

Compute for the following:1. Current Ratio 2. Quick Ratio 3. Debt Ratio 4. Equity Ratio

an

H-4

Kindly help me solve part 4.

Exercise 16-16 (Algo) Multiple differences; financial statement effects [LO16-2, 16-3, 16-5] For the year ended December 31, 2024, Fidelity Engineering reported pretax accounting income of $984,000. Selected information for 2024 from Fidelity's records follows: Interest income on municipal governmental bonds $ 40,000 Depreciation claimed on the 2024 tax return in excess of depreciation on the income statement Carrying amount of depreciable assets in excess of their tax basis at year-end 64,000 104,000 30,000 20,000 Warranty expense reported on the income statement Actual warranty expenditures in 2024 Fidelity's income tax rate is 25%. At January 1, 2024, Fidelity's records indicated balances of zero and $10,000 in its deferred tax asset and deferred tax liability accounts, respectively. Required: 1. Determine the amounts necessary to record income taxes for 2024, and prepare the appropriate journal entry. 2. What is Fidelity's 2024 net income? Complete this question by entering your…