Please help me Problem 4-6The comparative financial statements for the Yeo Company are as follows.Yeo CompanyBalance Sheetsas at December 31 ...20x520x420x3ASSETSCurrent Assets$34,000220,000340,000594,000$25,000200,000350,000575,000Cash$12,000275,000425,000712,000Accounts receivableInventoryFixed Assets – net1,450,0001,420,000 1,300,000$2,162,000 $2,014,000 $1,875,000LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilitiesLong-term debt$379,000$371,000850,000350,000800,000920,0001,299,000 1,221,0001,150,000Shareholders' EquityCommon stockRetained earnings300,000563,000863,000300,000493,000793,000300,000425,000725,000$2,162,000 $2,014,000 $1,875,000 Yeo CompanyIncome Statementsfor the year ended December 31 ...20x520x4Sales$2,300,0001,400,000$1,900,0001,200,000Cost of goods soldGross marginOperating expensesDepreciation expense900,000550,000120,000700,000400,000100,000Operating IncomeInterest expenseNet income before taxes230,00060,000170,00060,000200,00050,000150,00052,000Income taxesNet income$110,000$98,000Required -Prepare a full ratio analysis for 20x4 and 20x5 for Yeo Company.

solution the following ratio analysis has been done asset turnover =sales / average total assets…

20x5 20x4 Sales $2,300,000 1,400,000 $1,900,000 1,200,000 Cost of goods sold Gross margin Operating expenses Depreciation expense 900,000 550,000 120,000 700,000 400,000 100,000 Operating Income Interest expense Net income before taxes 230,000 60,000 170,000 60,000 200,000 50,000 150,000 52,000 Income taxes Net income $110,000 $98,000 Required – Prepare a full ratio analysis for 20x4 and 20x5 for Yeo Company.

20x5 20x4 Sales $2,300,000 1,400,000 $1,900,000 1,200,000 Cost of goods sold Gross margin Operating expenses Depreciation expense 900,000 550,000 120,000 700,000 400,000 100,000 Operating Income Interest expense Net income before taxes 230,000 60,000 170,000 60,000 200,000 50,000 150,000 52,000 Income taxes Net income $110,000 $98,000 Required – Prepare a full ratio analysis for 20x4 and 20x5 for Yeo Company.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A paper published in the Harvard Business Review points out a new way to calculate economic profit that could be more appropriate for service firms and other people-intensive companies. Instead of focusing on investment and return on investment, the focus is on employee productivity, both in terms of generating revenues and reducing costs. The approach is to first determine economic profit in the conventional way, except that we ignore taxes, so that economic profit is before tax, as follows: Economic profit = Operating profit − Capital charge Assume the following information for a hotel chain that wishes to adopt the new method. The firm has $100 million in operating profit, has $1 billion in investment, and uses a cost of capital rate of 5%, so the capital charge is $50 million and the economic profit is $50 million. Relevant calculations are contained in Part 1 of the following schedule: Part 1: Economic Profit (in thousands, except cost of capital rate)…
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