Ramirez Guzman-Week 3-Assessment Prep-Financial Report

REQUIREMENTS 1. Recommendation for company A 2. Conclusion for company A

FINA310 IP TEMPLATE FOR STUDENTS Student name: Date: ACTUAL FORECAST Current Year Next Year Total Revenue 71,879 |Cost of Revenue (51,125) Gross Profit 20,754 Operating Expenses: Selling, General, and Administrative (14,248) Research and Development Special Income/Other Charges (2,194) Total Operating Expenses (16,442) Operating Income 4,312 Net Interest Income (666) edite Pre-Tax Income 3,646 Provision for Income Tax (19.5%) (711) Net Income 2,935 Additionally, Tag-It's CEO has predicted a 12% increase in total revenue next year. Utilizing the percentage of sales method, prepare a forecast for next year in the correct section on the Excel spreadsheet. 1. The total revenue numbers over the past 4 years for Tag-lt Corporation were as follows (values in millions): o 73,785 O 69,495 o 75,356 o 71,879 2. Determine whether you think Tag-It can hit the target of a 12% increase in sales next year.

INCOME STATEMENT                                                                                                   Year ended June 30                                                                                                           2022      2021                                                                                                          $'000      $'000Revenue                                                                                          22450     18675Cost of sales                                                                                       8475      8055Gross Profit                                                                                       13975    10620Distribution costs                                                                                 4245      3120Administrative expenses                                                                      1276     2134Selling expenses…

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Exercise 23-14 Flint Inc., a greeting card company, had the following statements prepared as of December 31, 2020. FLINT INC.COMPARATIVE BALANCE SHEETAS 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…

question 23 attached tot ss belowthanks for help appareicted itj25 h2i 2h6ho2

CHAPTER 18 Financial Analysis: The Big Picture Exercises Instructions Prepare a statement of comprehensive income, beginning with income from continuing operations. re horizontal analysis. E18.3 (LO 2) Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Excel $ 90,000 350,000 65,000 $106,000 400,000 99,000 122,000 130,000 155,000 Current assets Plant assets (nct) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings 90,000 115,000 170,000 Instructions Prepare a schedule showing a horizontal analysis for 2020, using 2019 as the base year. pare vertical analysis. E18.4 (LO 2) Operating data for Joshua Corporation are presented below. 2020 2019 Excel $600,000 $800,000 520,000 120,000 60,000 30,000 70,000 Sales revenuc 408,000 Cost of goods sold Selling expenses Administrative expenses 72,000 48,000 24,000 48,000 Income tax expense Net income Instructions Prepare a schedule showing a vertical analysis for 2020 and 2019. E18.5 (LO 2)…

Problem 9-22A (Algo) Ratio analysis LO 9-3, 9-4, 9-5 Fanning Company’s income statement information follows:    Year 3   Year 2 Net sales $ 420,000     $ 257,000   Income before interest and taxes   114,000       83,000   Net income after taxes   55,720       62,900   Interest expense   8,900       7,900   Stockholders’ equity, December 31 (Year 1: $198,000)   312,000       242,000   Common stock, December 31   195,000       172,500      The average number of shares outstanding was 7,800 for Year 3 and 6,900 for Year 2. RequiredCompute the following ratios for Fanning for Year 3 and Year 2. a. Number of times interest was earned. (Round your answers to 2 decimal places.)b. Earnings per share based on the average number of shares outstanding. (Round your answers to 2 decimal places.)c. Price-earnings ratio (market prices: Year 3, $65 per share; Year 2, $76 per share).(Round your intermediate and final answers to 2 decimal places.)d. Return on average equity. (Round…

Resul X HCS/X What X SAAM X 18851 HCS380 Week 4 Horizontal and Vertical Analysis ::- % 5 Cove X G how X Hosp X G beau x + DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a horizontal analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance. Dec. 31, 2022 Dec. 31, 2021 Accounts Receivable 460,000 400,000 Inventory 780,000 650,000 Total Assets 3,164,000 2,800,000 NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point for the answer, as seen in the example below. The text box will highlight red if incorrect after clicking the Submit button (bottom right corner). Example: 30000 ÷ 500000 = 6.0 % Inventory Bi F6 6 *4" & 7 F8 ** 8 F9 F10 ( 9 DOD F11 ) 0 = I % 54°F Mostly clear DA 888 Home End Insert = F12 10:05 5/23/

Instructions Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in X. dollars. The electronics industry averages are expressed in percentages. Tannenhill Electronics Company Industry Average 2 Sales $4,580 000.00 100,0% Cost of goods sold 2,581,600.00 59.0 4 Gross profit $2,198,400.00 41.0% 5 Selling expenses $1,213,70000. 22.5% Administrative expenses 752,800.00 14.0 7 Total operating expenses $1,946,500.00 36.5% 4:Operating incOme $251,900.00 4.5% Previous Next Check My Work 2 more Check My Work uses remaining. 2.

← U a 33.000 8.550 85,000 28,000 Introduction to Business finance Accounting conventions Week 8 seminar exercise Question 1 From the following trial balance of Ursula, you are asked to draw up a statement of profit or loss for the year ended 31 March 2019 and a statement f financial position as at that date. Dr Cr £ £ 82,000 Sales Purchases Inventory as at 1 April 2018 Premises Equipment Returns inwards 340 Bank 1,280 5.600 Wages Insurance 390 Advertising 260 Capital 94.660 Drawings 11,800 Returns outwards 450 Receivables 6.500 4,960 Payables Rent 1,350 182.070 182,070 Additional information: 1) Inventory as at 31 March 2019 was valued at £10,660 2) A provision for doubtful debt is to be created at 5% of receivables at the year- end. 3) Accrued rent £350 4) Insurance paid in advance £250 5) Ursula provide depreciation on assets as follows: premises 10% and Equipment is 20% on cost annually ||| < V

Safari 4:23 PM Tue Jan 30 22 23 24 25 26 27 28 29 HW Set 1 (Ch 2 and 3) Template 1 2 3 4 Total net sales 5 Operating expenses: 6 Cost of sales 7 Fulfillment 8 Marketing Expense 9 Technology and content 10 11 12 13 14 15 16 17 18 19 20 Equity-method investment activity, net of tax 21 Net income 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 Calibri (Body) fx Require more detailed information but will initially classify as related to operating activities General and administrative Other operating expense, net Total operating expenses Operating income (loss) Interest income Interest expense Other income (expense), net Total non-operating income (expense) Income before income taxes Provision for income taxes 11 E 2.16 Consolidated Statements Of Operations - USD ($) shares in Millions, $ in Millions A E 2.17 Home Insert Draw Page Layout E 3.15 BIU Consolidated Statements of Comprehensive Income - USD ($) $ in Millions Statement of Comprehensive Income [Abstract] Net income Other…

< + .. + Sheet1 FINA310 IP TEMPLATE FOR STUDENTS Student name: Date: ACTUAL FORECAST Current Year Next Year Total Revenue 71,879 Cost of Revenue (51,125) Gross Profit 20,754 Operating Expenses: Selling, General, and Administrative (14,248) Research and Development Special Income/Other Charges S (2,194) Total Operating Expenses (16,442) Operating Income S 4,312 Net Interest Income (666) edite Pre-Tax Income 3,646 Provision for Income Tax (19.5%) (711) Net Income 2,935

CP 14-8Assume the following income statement and balance sheet information:Service revenue (all cash) Operating expenses Salaries (all cash) Net income$17585$90Current assets 2020 2019 Cash $1,250 $1,600 Short-term invest. 100 200 $1,350 $1,800 Liabilities Borrowings 600 1,000 Stockholders' equity Common stock 200 300 Retained earnings 550 500 750 800 $1,350 $1,800Other information: The short-term investments are riskless and will be converted to a known amount of cash in 60 days. Borrowings are non-current. No gain or loss occurred when common stock was repurchased.Required: 1. Calculate cash flow from operating activities. 2. Prepare the 2020 statement of changes in equity. 3. Calculate cash flow from financing activities. 4. (Appendix) Prepare a cash flow table. Show that cash effects net to a $450 outflow.

HCS/ X What x SAAM X HCS380 Week 4 Horizontal and Vertical Analysis Basic X edu/cms/202118851 Resul x Cove x G how X Hosp x G beau x + DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a horizontal analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance. Dec. 31, 2022 Dec. 31, 2021 Accounts Receivable 460,000 400,000 Inventory 780,000 650,000 Total Assets 3,164,000 2,800,000 NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point for the answer, as seen in the example below. The text box will highlight red if incorrect after clicking the Submit button (bottom right corner). Example: 30000 ÷ 500000 = 6.0 % Accounts Receivable = 400000 % I

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