### Question 18On December 31, 2013, Harley-Davidson, Inc., reported, on its Form 10-K, the following (in millions):- **Total assets:** - 12/31/2013: $9,405 - 12/31/2012: $9,171 - **Total sales:** - $5,900 - **Net income:** - 12/31/2013: $734 - 12/31/2012: $624 Calculate return on assets (ROA) for 2013.- A. 7.9%- B. 62.7%- C. 71.5%- D. 8.3%**Your answer is ________________****Explain your answer:**---### Question 19Caterpillar Inc. reports net income for 2013 of $3,789 million, retained earnings at the end of the year of $31,854 million, and dividends distributed during the year of $1,493 million. Assume there are no other transactions on retained earnings. What was the company’s retained earnings balance at the start of 2013?- A. $29,558 million- B. $30,361 million- C. $28,065 million- D. $26,572 million**Your answer is ________________****Explain your answer:**---### Question 20The 2013 financial statements of BNSF Railway Company report total revenues of $22,014 million, accounts receivable of $1,298 million for 2013 and $1,168 million for 2012. The company’s accounts receivable turnover for the year 2013 is:- A. 17.0 days- B. 8.9 times- C. 12.8 times- D. 17.9 times**Your answer is ________________****Explain your answer:**

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Answered: 18. On December 31, 2013,…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Amount ($)e Description Year 2014 Cost of goods sold 300,000- Cash 35,000- Depreciation 65,000- Interest expense 15,000 Selling and administrative expenses 55,000- Accounts payable 60,000 Net fixed assets 325,000- Sales 500,000 Account receivable 30,000- Notes payable 25,000 Long-term debt 145,000- Inventory 60,000- Equity (at the beginning of 2014) 197,250- Additional information Tax rate 30% Dividends payout 50%- 1. What is the net income after tax for 2014? 2. What is the total dividends paid by the company in 2014?H 3. What is the total retained earnings for 2014?<' 4. What is the return on equity for 2014? 5. What is the debt to equity ratio for 2014?
A9
Direct and Indirect Methods Dauve Company reported the following condensed income statement for 2016: Sales $100,000 Cost of goods sold (58,000) Gross profit $42,000 Operating expenses: Depreciation expense $8,000 Salaries expense 12,000 (20,000) Income before income taxes $22,000 Income tax expense (6,600) Net income $15,400 During 2016, the following changes occurred in the company's current assets and current liabilities: Increase (Decrease) Cash $3,700 Accounts receivable (5,500) Inventories 8,900 Accounts payable (purchases) (4,600) Salaries payable 2,800 Required: 1. By visual inspection, prepare the net cash flow from the operating activities section of Dauve's 2016 statement of cash flows using the indirect method. Use a minus sign to indicate cash outflows or decreases in cash.
The following information is available for Cullumber Products: 2014 2013 Accounts receivable $76,800 $94,720 Cost of goods sold 675,840 742,400 Inventory (ending) 66,560 87,040 Net cash provided by operating activities 281,600 217,600 Net sales 1,157,760 1,203,200 Capital expenditures 51,200 48,640 Dividends 31,104 40,960 Compute the following for 2014: (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) Accounts receivable turnover enter a number of times rounded to 1 decimal place times Average collection period enter a number of days rounded to 1 decimal place days
Bethesda Mining Company has $445,900.50 worth of Total assets and $202,860 worth of Total Equity. Suppose that they had sales of $2,945,376 and net income of $40,206.85 for the year ending December 31, 2016. Calculate the DuPont identity. Select one: a.15% b.19.82% c.21.12% d.8.919%
Please help me with show all calculation thanku
N7.
37
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Accounting-20201 1301 Fall 2020/2021 (Sections 1, 2, and 81) Presented below is financial information related to Ibra Company lincome from operations 90,000 Income taxes 30% Loss on disposal of the component in the 7,000 sompany 10,000 if this information was used to prepare an income statement Net Income should be: Select one Oa 83 000 Ob.90000 73.000 Oia.49.000 Oe20 000
You have gathered this information on JJ Enterprises: 2014 2015 Sales $6.318 $7,202 COGS 3,945 4.460 Interest 303 277 Depreciation 1,204 1,196 Cash 672 418 Accounts receivables 601 578 Current liabilities 414 463 Inventory 1,215 1.598 Long-term debt 4,780 4.103 Net fixed assets 7.700 7,330 Shareholder's equity 4.994 5.358 Taxes 217 317 What is the operating cash flow for 2015? Al $1,823 B) $1.229 C) $1,367 D) $2,425 E) $1,766
Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Asset Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%) INCOME STATEMENTS 2014 2015 BALANCE SHEETS Assets Cash 2014 2015 Net sales $ 4,760 S 5,000 S 60 50 3,560 3,800 ST Investments 40 . COGS (excl. depr.) Depreciation 170 200 Accounts receivable 380 500 480 500 Inventories 820 1,000 Other operating expenses EBIT S 550 500 Total CA $ 1,300 $ 1,550 Interest expense 100 120 Net PP&E 1,700 2,000 Pre-tax earnings S 450 S 380 Total assets $ 3,000 $ 3,550 . Taxes (40%) 180 152 NI before pref. div. S 270 $ 228 Liabilities and equity Preferred div. 8 8 S 200 Accounts payable Accruals Net income $ 262 $ 220 300 280 Notes payable Total CL Other Data S 780 Common dividends $48 $50 1,000 1,200 Long-term bonds Total liabilities Addition to RE $214 $170 $ 1,600 $ 1,980 Tax rate 40% 40% 100 100 Preferred stock…

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18. On December 31, 2013, Harley-Davidson, Inc., reported, on its Form 10-K, the following (in millions): 12/31/2013 12/31/2012 Total assets $9,405 $9,171 Total sales $5,900 $5,581 Net income $734 $624 Calculate return on assets (ROA) for 2013. A. 7.9% B. 62.7% C. 71.5% D. 8.3%