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# 10 . The Sterling Tire Company's Income Statment for 2010 is as follows :
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- The net sales, net income and total assets for Aaron Shipping, Inc. for a five-year period is shown in the following table. Use DuPont analysis to compute rate of return on average total assets for 2010 through 2012. (In thousands) 2012 2011 2010 2009 2008 $900 $400 $352 $314 $296 Net sales Net income 50 39 46 37 24 Total assets 308 269 252 231 209 Staples, Inc. is one of the largest suppliers of office products in the United States. It had net income of $738.7 million and sales of $24,275.5 million in 2009. Its total assets were $13,073.1 million at the beginning of the year and $13,717.3 million at the end of the year. What is Staples, Inc.'s (a) asset turnover ratio and (b) profit margin ratio? (Round to two decimals.) Provide a brief interpretation of your results. Using the information below for Laurels Company; determine the manufacturing costs added during the current year: Direct materials used $6,400 Direct labor 8,400 Total factory overhead 6,500 Beginning work in process…1. Assume that sales in year 2002 was 145,280 and sales in year 2003 was 225,790. State the percentage increase of sales in DECIMAL FORM to the nearest two decimal places. (Example, if sales increased 70%, write your answer as .70 and do not write the % sign in your answer.The following table shows income statement and balance sheet data for five U.S. industries in 2017. INCOME STATEMENT AND BALANCE SHEET FOR 2017 SELECTED U.S. INDUSTRIES FOR 2017 (Figures in $ billions) Oil and Coal Computers and Peripherals Food Food Pharmaceuticals Stores Income Statement Data: $ 682.9 $ 443.5 $ 232.0 221.7 $ 490.2 467.0 Sales $ 818.0 Cost of goods sold Balance Sheet Data: 612.1 368.4 773.8 Inventory Accounts receivable Accounts payable $ 83.8 72.6 $ 72.8 84.1 $ 27.3 39.7 87.5 $ 43.9 23.4 39.7 60.2 68.8 65.0 58.3 66.3 Note: Cost of goods sold includes selling, general, and administrative expenses. Source: U.S. Department of Commerce, Quarterly Financial Report for Manufacturing, Mining, Trade Corporations, and Selected Service Industries, Quarter 3, issued December 2017. Calculate the cash cycle for each industry. (Negative amounts should be indicated by a minus sign. Use 365 days a year. Do not round intermediate calculations. Round your answers to 1 decimal place.)…
- ABC Co. is a manufacturing company and its selected financial statements items are given as following. Net Sales 3 - equals to 32000 for the year 2020 and 28000 for the year 2019. COGS equals to 24000 and 21000 respectively for the year 2020 and 2019. Accounts Receivable for the year 2020 equals to 8500 and 7800 for the year 2019. Inventory equals to 7500 and 6800 respectively for the year 2020 and 2019. Accounts Payable for the year 2020 equals to 11000 and 9000 for the year 2019. (All numbers are in dollars) What is days payable outstanding for the year 2020? a) 118 b) 128 o137 138 d) 148 O O O O ()Express the following comparative income statements in common-size percents. Using the common-size percents, which item is most responsible for the decline in net income? Complete this question by entering your answers in the tabs below. Income Statement Reason for Decline in Net Income Express the following comparative income statements in common-size percents. Note: Round your percentage answers to 1 decimal place. GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31 Current Year $ Current Year % Prior Year $ Prior Year % Sales $ 725,000 100.0 $ 665,000 Cost of goods sold 562,700 1.0 291,000 Gross profit 162,300 0.4 374,000 Operating expenses 129,200 268,400 Net income 33,100 $ 105,600 Income Statement Reason for Decline in Net Income >What is the percent change in a trend analysis of income statement for the gross profit?
- LeapFrog Enterprises Inc. had the following quarterly net in- comes during its 2013 fiscal year. (Source: Leapfroginvestors. com) Quarter of Fiscal 2013 Net Income (in millions) First -$3.0 Second -$3.2 Third $26.4 Fourth $63.9 What was the total net income for fiscal year 2013?What is the comparison (analysis) of the P/E Ratio of Industry Average Ratio and the Company A Ratio? The P/E Ratio has decreased and increased. Why? Industry Average, P/E RATIO 2015: 16.92x 2016: 8.29x 2017: 12.04x 2018: 10.38x 2019: 3.09x Company A, P/E RATIO 2015: 0.20x 2016: 0.32x 2017: 0.17x 2018: 0.11x 2019: 0.15xA Comparison of Firm Performance 1 2 2013 Financials 3 Net operating revenues 4 Cost of goods sold 5 Gross profit 6 Selling, general, and administrative expense 7 Other costs 8 Operating income 9 Interest expense 10 Other income (loss) - net 11 Income before income taxes 12 Income taxes 13 Net income 14 Assets 15 Cash and cash equivalents 16 Net receivables 17 Inventories 18 Prepaid expenses and other 19 Total current assets 20 Property, plant and equipment 21 Goodwill 22 Other assets 23 Total assets 24 Liabilities and Stockholder Equity 25 Accounts payable 26 Short-term debt 27 Total current liability 28 Long-term debt 29 Other liabilities 30 Total liabilities 31 Stockholder equity 32 B Walmart 469,162 352,488 116,674 88,873 27,801 2,251 187 25,737 7,981 17,756 7,781 6,768 43,803 1,588 59,940 116,681 20,497 5,987 203,105 59,099 12,719 71,818 41,417 113,235 89,870 C Macy's 27,931 16,725 11,206 8,440 88 2,678 388 (134) 2,156 767 1,389 1,836 371 5,308 361 7,876 8,196 3,743 1,176 20,991…
- C Company has the following data for the year ending 12/31/2020 (dollars are in thousands): Net income = $600; EBIT = $1,184; Total assets = $3,000; Short-term investments = $200; Total capital employed = $2,193; and tax rate = 30%. The company’s WACC is 11.07%. What was its Economic Value Added (EVA) for the year 2020? Round your answer to the nearest dollar. Group of answer choices: $583 $586 $577 $572 $580ILLUSTRATION 1. Compute the tax payable by a company for the Assessment year 2012-13 if (a) its total income is $ 4,00,000 and book profit is $ 15,00,000 ; or (b) its total income is $ 6,20,000 and book profit is $ 10,00,000.I need assistance in finding the ratios for the following (see attached sheets). Calculate the following financial ratios for 2016 and 2017 10. Average collection period 11. Inventory turnover ( 2015, inventory = $1,540.9 million) 12. Days' sales in inventory