Week 3 - AK

What are the firm’s net profit margins for 2018 and 2019? Income Statements ($ in millions) Balance Sheets ($ in millions)   2018 2019 Assets 2018 2019 Sales Revenue $2,580 $2,865 Cash $70 $50 Less: Cost of goods sold $1,060 $1,500 Short-Term investments $35 $9 Less: Operating Expenses $105 $162 Accounts rec. 400 460 Less: Depreciation $85 $80 Inventory 490 556 Earnings before interest and taxes $1,330 $1,123 Total Current Assets $995 $1,075 Less: Interest paid $350 $380 Net fixed assets 1890 1,910 Taxable Income $980 $743       Less: Taxes (40%) $392 $297 Total assets $2,885 2,985 Net income $588 $446 Liabilities and Owner's Equity     Dividends (45%) $265 $201   2018 2019 Additions to Retained Earnings $323 $245 Accounts payable $240 $210   Accruals $20 $20   Notes payable 65 74   Total Current…

General Accounting Question Solution Please

What are the firm’s days’ sales outstanding for 2018 and 2019? Income Statements ($ in millions) Balance Sheets ($ in millions)   2018 2019 Assets 2018 2019 Sales Revenue $2,580 $2,865 Cash $70 $50 Less: Cost of goods sold $1,060 $1,500 Short-Term investments $35 $9 Less: Operating Expenses $105 $162 Accounts rec. 400 460 Less: Depreciation $85 $80 Inventory 490 556 Earnings before interest and taxes $1,330 $1,123 Total Current Assets $995 $1,075 Less: Interest paid $350 $380 Net fixed assets 1890 1,910 Taxable Income $980 $743       Less: Taxes (40%) $392 $297 Total assets $2,885 2,985 Net income $588 $446 Liabilities and Owner's Equity     Dividends (45%) $265 $201   2018 2019 Additions to Retained Earnings $323 $245 Accounts payable $240 $210   Accruals $20 $20   Notes payable 65 74   Total…

IKIBAN INC.Comparative Balance SheetsJune 30, 2019 and 2018   2019     2018     Assets                 Cash $ 105,700     $ 47,000     Accounts receivable, net   69,500       54,000     Inventory   66,800       91,000     Prepaid expenses   4,700       6,000     Total current assets   246,700       198,000     Equipment   127,000       118,000     Accum. depreciation—Equipment   (28,500 )     (10,500 )   Total assets $ 345,200     $ 305,500     Liabilities and Equity                 Accounts payable $ 28,000     $ 34,500     Wages payable   6,300       15,600     Income taxes payable   3,700       4,400     Total current liabilities   38,000       54,500     Notes payable (long term)   33,000       63,000     Total liabilities   71,000       117,500     Equity                 Common stock, $5 par value   226,000       163,000     Retained earnings   48,200       25,000     Total liabilities and equity $ 345,200     $ 305,500…

Assets Current assets Net fixed assets INCOME STATEMENT, 2022 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense 2021 $ 101 2022 $ 195 910 1,010 $ 2,005 1,085 405 251 Req A and B Req C and D BALANCE SHEET AT END OF YEAR (Figures in $ millions) Liabilities and Shareholders' Equity Current liabilities Long-term debt Req E Complete this question by entering your answers in the tabs below. a&b. What is shareholders' equity in 2021 and 2022? c&d. What is net working capital in 2021 and 2022? e. What are taxes paid in 2022? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2022? g.Net fixed assets increased from $910 million to $1,010 million during 2022. What must have been South Sea's gross investment in fixed assets during 2022? Answer is complete but not entirely correct. h. If South Sea reduced its outstanding accounts payable by $46 million during the year, what must have happened to its other current…

statement of cash flow 2019 GH¢’000   2018 GH¢’000   2017 GH¢’000   Cash flows from operating activities       Profit before income tax 32,548 35,430 11,576 Adjustments for:       - Depreciation                                                                                              56,108 58,326 54,759 - Amortisation                                                                                              1,185 971 563 - Loss/(profit) on disposal of property, plant and equipment 2,242 (9) (566) - Impairment charge                                                                                                                        1,110 534 43 - Finance cost                                                                                              19,579 19,392 30,724 - Finance income                                                                                         (2,245)…

Rodriquez Corporation’s comparative balance sheets are presented below: RODRIQUEZ CORPORATIONComparative Balance SheetsDecember 31     2020   2019 Cash   $16,500     $17,400   Accounts receivable   25,300     22,100   Investments   20,150     15,850   Equipment   59,950     69,850   Accumulated depreciation—equipment   (13,850 )   (10,300 )    Total   $108,050     $114,900                 Accounts payable   $14,850     $11,150   Bonds payable   10,600     30,100   Common stock   49,500     45,500   Retained earnings   33,100     28,150      Total   $108,050     $114,900   Additional information: 1.   Net income was $18,550. Dividends declared and paid were $13,600. 2.   Equipment which cost $9,900 and had accumulated depreciation of $1,600 was sold for $3,300. 3.   No noncash investing and financing activities occurred during 2020. Prepare a statement of cash flows for 2020 using the…

c. Calculate the profitability ratio which includes gross profit margin, operating profit margin, net profit margin, and NOPAT margin

Condensed financial data of Concord Inc. follow. CONCORD INC.Comparative Balance SheetsDecember 31 Assets   2022   2021 Cash   $80,500     $48,700   Accounts receivable   87,900     38,600   Inventory   111,900     102,100   Prepaid expenses   29,400     27,900   Long-term investments   139,800     113,700   Plant assets   284,200     241,900   Accumulated depreciation   (47,700)     (49,100)      Total   $686,000     $523,800                 Liabilities and Stockholders’ Equity             Accounts payable   $106,000     $63,700   Accrued expenses payable   16,500     21,200   Bonds payable   117,100     149,500   Common stock   219,000     175,100   Retained earnings   227,400     114,300      Total   $686,000     $523,800     CONCORD INC.Income StatementFor the Year Ended December 31, 2022 Sales revenue       $382,500 Less:              Cost of goods sold…

Calculate gross profit ratio for the year 2018 and 2019

Condensed financial data of Crane Inc. follow. CRANE INC.Comparative Balance SheetsDecember 31 Assets   2022   2021 Cash   $117,100       $47,400     Accounts receivable   93,000       32,700     Inventory   111,400       102,700     Prepaid expenses   30,000       25,300     Long-term investments   141,000       113,100     Plant assets   274,700       241,500     Accumulated depreciation   (46,100)     (51,500)      Total   $721,100       $511,200                   Liabilities and Stockholders’ Equity             Accounts payable   $111,300       $67,100     Accrued expenses payable   16,100       17,400     Bonds payable   118,400       149,600     Common stock   220,900       174,000     Retained earnings   254,400       103,100        Total   $721,100       $511,200       CRANE INC.Income StatementFor the Year Ended December 31, 2022…

Condensed financial data of Crane Inc. follow. CRANE INC.Comparative Balance SheetsDecember 31 Assets   2022   2021 Cash   $117,100       $47,400     Accounts receivable   93,000       32,700     Inventory   111,400       102,700     Prepaid expenses   30,000       25,300     Long-term investments   141,000       113,100     Plant assets   274,700       241,500     Accumulated depreciation   (46,100)     (51,500)      Total   $721,100       $511,200                   Liabilities and Stockholders’ Equity             Accounts payable   $111,300       $67,100     Accrued expenses payable   16,100       17,400     Bonds payable   118,400       149,600     Common stock   220,900       174,000     Retained earnings   254,400       103,100        Total   $721,100       $511,200       CRANE INC.Income StatementFor the Year Ended December 31, 2022…

What are the firm's ROE for 2018 and 2019 a. 10.4%, 9.8% b.19.7%, 16.0% c.11.95%, 9.17% d. 9.5%, 7.9%

Which of the following statements is TRUE about Verizon's fınancial statements? verizon Consolidated Balance Sheets (In millions of dollars) As of As of Dec 31, 2020 $ 22,171 Dec 31, 2019 $ 2,594 ASSETS Cash and cash equivalents Accounts receivable 23,917 25,429 Inventories 1,796 1,422 Prepaid expenses and other current assets 6,710 8,028 Total current assets 54,594 37,473 Property and equipment, net 94,833 91,915 Intangible assets 152,814 151,640 Other long-term assets 10,699 $ 291,727 14,240 Total assets $ 316,481 LIABILITIES & EQUITY Debt maturing within one year $ 5,889 $ 10,777 Accounts payable and accrued liabilities 20,658 21,806 Other current liabilities 13,113 12,285 Total current liabilities 39,660 44,868 Long-term debt 123,173 100,712 Other long-term liabilities 84,376 83,312 Total liabilities 247,209 228,892 Common stock and additional paid in capital 13,833 13,858 Retained earnings 60,464 53,147 Accumulated other comprehensive income (5,025) (4,170) Total shareholders'…

(Profitability Ratio)What is the Return on Asset Ratio in 2020?

Condensed financial data of Whispering Winds Corp. follow. Whispering Winds Corp.Comparative Balance SheetsDecember 31 Assets   2022     2021   Cash   $ 72,720     $ 43,560   Accounts receivable   79,020     34,200   Inventory   101,250     92,565   Prepaid expenses   25,560     23,400   Long-term investments   124,200     98,100   Plant assets   256,500     218,250   Accumulated depreciation   (45,000 )   (46,800 ) Total   $614,250     $463,275                 Liabilities and Stockholders’ Equity             Accounts payable   $ 91,800     $ 60,570   Accrued expenses payable   14,850     18,900   Bonds payable   99,000     131,400   Common stock   198,000     157,500   Retained earnings   210,600     94,905   Total   $614,250     $463,275     Whispering Winds Corp.Income Statement DataFor the Year Ended December 31, 2022 Sales revenue…

You are given the following information about X Corp for the 2022 fiscal year: What is the operating cash flow for 2022? Cost of goods sold Interest Dividends Depreciation Change in retained earnings Tax rate a) $825.00 b) $1,250.00 c) $2,025.00 xd) $2,450.00 101 50 539 1 $6,000 400 300 800 525 34% OCT D X

Current Asset Current Liabilities COGS Inventory Total Liabilities Total Assets Net Sales Operating Income Gross Profit EBIT EBT Cash Flow Operation Retained Earning Owner's Equity 2018 80,073,836 26,882,064 51,678,144 14,854,944 80,133,248 124,776,768 160,099,728 75,249,200 108,421,584 56,436,900 45,149,520 49,716,192 28,967,893 44,643,520 2017 54,919,520 13,083,840 35,379,840 9,575,808 64,875,200 100,945,824 98,157,888 32,775,808 62,778,048 24,581,856 19,665,485 26,781,248 29,361,440 36,070,624

What are the firm’s ROE for 2018 and 2019? Income Statements ($ in millions) Balance Sheets ($ in millions)   2018 2019 Assets 2018 2019 Sales Revenue $2,580 $2,865 Cash $70 $50 Less: Cost of goods sold $1,060 $1,500 Short-Term investments $35 $9 Less: Operating Expenses $105 $162 Accounts rec. 400 460 Less: Depreciation $85 $80 Inventory 490 556 Earnings before interest and taxes $1,330 $1,123 Total Current Assets $995 $1,075 Less: Interest paid $350 $380 Net fixed assets 1890 1,910 Taxable Income $980 $743       Less: Taxes (40%) $392 $297 Total assets $2,885 2,985 Net income $588 $446 Liabilities and Owner's Equity     Dividends (45%) $265 $201   2018 2019 Additions to Retained Earnings $323 $245 Accounts payable $240 $210   Accruals $20 $20   Notes payable 65 74   Total Current Liabilities…

I NEED HELP WITH D AND F OF THIS PROBLEM Rhodes Corporation’s financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31(Millions of Dollars)   2020   2019 Sales $ 12,000   $ 10,000 Operating costs excluding depreciation   10,634     8,702 Depreciation and amortization   410     390     Earnings before interest and taxes $ 956   $ 908 Less interest   260     200     Pre-tax income $ 696   $ 708 Taxes (25%)   174     177 Net income available to common stockholders $ 522   $ 531 Common dividends $ 203   $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars)   2020   2019 Assets Cash $ 550   $ 500 Short-term investments   220     200 Accounts receivable   2,750     2,500 Inventories   1,550     1,300     Total current assets $ 5,070   $ 4,500 Net plant and equipment   3,650     3,500 Total assets $ 8,720   $ 8,000   Liabilities and Equity Accounts payable $ 1,100   $…

Net sales Windswept, Incorporated 2021 Income Statement Cost of goods sold Depreciation ($ in millions) Earnings before interest and taxes Interest paid Taxable income Taxes Net income $ 10,800 7,950 420 $ 2,430 100 $ 2,330 489 $ 1,841 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 Cash $ 280 $ 310 Accounts payable $ 1,790 2021 $ 1,842 Accounts received 1,110 1,010 Long-term debt Inventory 2,000 1,745 Common stock 1,070 3,360 1,353 3,030 Total $ 3,390 $ 3,065 Retained earnings 650 900 Net fixed assets 3,480 4,060 Total assets $ 6,870 $ 7,125 Total liabilities & equity $ 6,870 $ 7,125 What is the equity multiplier for 2021?

What are the firm's current ratios for 2018 and 2019? Income Statements ($ in millions) Balance Sheets ($ in millions) 2018 2019 Assets 2018 2019 $1,265 | Cash $780 Short-Term investments Sales Revenue $1,180 $35 $20 $660 $20 $5 Less: Cost of goods sold Less: Operating Expenses Less: Depreciation Earnings before interest and taxes Less: Interest paid $75 $92 | Accounts rec. 190 235 $40 $50 Inventory 250 300 $405 $343 Total Current Assets $495 $560 $170 $150 | Net fixed assets 990 1,105 Taxable Income $235 $193 Less: Taxes (40%) $77 Total assets $116 Liabilities and Owner's Equity $94 $1,485 1,665 Net income $141 Dividends (45%) Additions to Retained Earnings $63 $52 2018 2019 $64 Accounts payable Аccruals $78 $125 $100 $10 $10 Notes payable 35 40 Total Current Liabilities $170 $150 Long-term debt 598 790 Total Liabilities $768 $940 Common stock 554 498 Retained earnings Total Equity Total liab.& equity 163 $227 717 $725 $1,485 $1,665

Income Statement: The income statement of Taco Bell company is given for the years 2020 & 2019. 2020 2019 General and administrative expenses 25,000 24,000 Interest expense 1,200 1,500 Net sales $124,000 S138,000 Selling expenses 11,880 12,720 Income taxes $1,109.5 1,883 108 000 95,000 COGS 450 600 Gain on Sale of land l2020 and

INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 21%) Net income $ 27,576 17,578 1,411 $ 8,587 526 8,061 1,693 $ 6,368 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Assets Current assets Cash and marketable securities 2022 2021 Liabilities and Shareholders' Equity Current liabilities $ 2,345 $ 2,345 Debt due for repayment Receivables Inventories Other current assets 1,384 131 1,098 1,344 126 Accounts payable Total current liabilities 625 Total current assets $ 4,958 $ 4,440 Fixed assets Property, plant, and equipment $ 24,686 2,813 2,992 2,662 Long-term debt $ 22,844 Other long-term liabilities Total liabilities 3,108 Total shareholders' equity $ 35,449 $ 33,054 Total liabilities and shareholders' equity 2022 2021 $3,412 $ 3,412 $ 394 3,152 $ 3,546 $ 13,642 3,066 $ 20,120 15,329 $ 35,449 $ 12,143 2,966 $ 18,655 14,399…

Calculate:  (i) Return on capital employed(ii) Net profit margin(iii) Total Payable days