A firm had year end 2004 and 2005 retained earnings balances of $670,000 and $560,000, respectively. The firm paid $10,000 in dividends in 2005. The firm's net profit after taxes in 2005 was?

Q: Maynard enterprises paid $ 1,384 in dividends and $1,067 in interest over the past year.The common…

A:

Q: Electronics World Inc. paid out $24 million in total common dividends and reported $255.6 million of…

A: Net income is the income that is available for distribution of dividends and retained earnings. It…

Q: Last year Ross Inc. had sales of $330,000 and a net income of $20,000, and its year-end assets were…

A: GivenTotal assets = 250000Debt to Assets ratio = 40.00%Total Equity = Total Assets * ( 1 -…

Q: Last year the Your Company had sales of $826,650, net operating income of $81,000, and operating…

A: Turnover = Sales / (Average Operating Assets)

Q: alyzing the quality of firm earnings) Kabutell, Inc. had net income of $650,000, cash flow from…

A: Cash flow from financing activity -The cash flow statement of a business displays the net flow of…

Q: Electronics World Inc. paid out $41.5 million in total common dividends and reported $278.4 million…

A: Retained earnings means accumulated earnings of the business, which the business has earned over a…

Q: Lauryn’s Doll Co. had EBIT last year of $47 million, which is net of a depreciation expense of $4.7…

A: Given, EBIT $47 million Depreciation $4.7 million capital expenditures $7.25 million Net working…

Q: Elite Trailer Parks has an operating profit of $251,000. Interest expense for the year was $33,900;…

A: Given, Operating profit of $251,000  Interest expense is $33,900

Q: G. C. Murphey’s 2016 financial statements show net income of $5,040 million, sales of $306,932…

A: Computation of return on sale: Return on sale = Net incomeSales×100 = $5,040 million$306,932…

Q: In its most recent financial statements, Nessler Inc. reported $55 million of net income and $1,045…

A: Retained Earnings is the amount of earnings that is accumulated and that is attributable to the…

Q: In its most recent financial statements, Nessler Inc. reported $70 million of net income and $840…

A: The retained earnings at the end period can be found by using the following formula:In the given…

Q: Bryon Inc recently reported $6million of net income. Its EBIT was $13.2 million, and its tax rate…

A: The mathematical equation of the concept used is:

Q: For the last fiscal year, your firm reported a return on assets (ROA) of 6.0 percent and a return on…

A: Earning before interest ad tax (EBIT)defines the profitability and operating efficiency of the firm.…

Q: . What was the depreciation expense?

A: Information Provided: Annual Revenue = $37,800 COGS = $23,200 Administrative expenses = $6300…

Q: Company Zeta had retained earnings balance of $4 million in the previous year. In the current year,…

A: Retained earnings are the portion of income which is held by the company for the future operating…

Q: Lauryn’s Doll Co. had EBIT last year of $52 million, which is net of a depreciation expense of $5.2…

A: Given, EBIT is $52 million Depreciation expense $5.2 million Capital expenditures is $5.75 million

Q: At the end of last year, Edwin Inc. reported the following income statement (in millions of…

A: An income statement is a statement that shows a company's income and costs. It also displays if a…

Q: n​ 2016, the Allen Corporation had sales of ​$60 million, total assets of ​$47 million, and total…

A: Operating income excludes interest and taxes, and it gives an idea of how efficiently a company is…

Q: The Dana Flatt Corporation had sales of $2 million this past year. Its COGS was $1.2 million and its…

A: The term taxable income refers to any gross income earned that is used to calculate the amount of…

Q: Last year a company had sales of $600,000, a turnover of 3.6, and a return on investment of 18%. The…

A: Net operating income can be calculated on the bases of the value of an investment and the rate of…

Q: Green Moose Industries reported sales of $720,000 at the end of last year, but this year, sales are…

A: Certainly! Let's break down the calculation and the implications step by step:1. **Calculation of…

Q: the Allen Corporation had sales of $ 69 million, total assets of $ 48 million, and total liabilities…

A: The capacity of a business to make operational profit from its assets is gauged by the operational…

Q: In its most recent financial statements, Del-Castillo Inc. reported $45 million of net income and…

A: The objective of this question is to calculate the amount of dividends paid by Del-Castillo Inc. to…

Q: Last year, Perez Professional Group had annual revenue of $87, 200, depreciation of $11, 600, cost…

A: Annual revenue = $87,200Depreciation = $11,600Cost of goods sold = $54,700,Administrative expenses =…

Q: A Company recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and…

A: Given: Sales $15,500 Operating Costs $8,250 Depreciation $1,750.  It had $9,000 of bonds outstanding…

Q: yron Brock’s inc recently reported $13 million of net income. It’s EBIT was $20375000, and it’s tax…

A: Income statement shows the revenues and expenses of a company for a given period. The statement…

Q: Smashed Pumpkins Co. paid $208 in dividends and $631 in interest over the past year. The company…

A: EBIT is the earning before interest and tax. Interest charges and tax expenses are not deducted form…

Q: A firm has reported the following revenues. Forecast the firm's year 4 revenue using the average…

A: Average annual growth rate= ((Year 3 revenue - Year 1 revenue)/Year 1 revenue)/3=…

Q: the firm's reported net income was $77.4 million this year, its retained earnings was $509.4…

A: STATEMENT OF SHAREHOLDERS EQUITY Statement of Shareholders Equity is also Known as Changes in…

Q: During the most recent quarter XYZ Corp had $1.6 million in revenues and 970, 800 in expenses. The…

A: Working note:

Q: Vuong Rentals has sales of $546,000, costs of $295,000, depreciation expense of $37,000, interest…

A: Income before tax = Sales - Costs - Depreciation expenses - Interest expense=…

Q: A firm has net income of $500,000 and sales of $18,000,000. Its interest expense is $180,000 and the…

A: Net Income = ni = $500,000Sales = s = $18,000,000Interest Expenses = i = 180,000Tax rate = t = 30%

Q: Lauryn's Doll Company had EBIT last year of $41 million, which is net of a depreciation expense of…

A: EBIT = $41 millionDepreciation expenses = $4.1 millionCapital expenditure = $4 millionIncreased net…

Q: In its most recent financial statements, Nessler Inc. reported $80 million of net income and $1,440…

A: Given that the net income in the current year is $80 millionRetained earnings in the current year is…

Q: ASL had a share price of $39.81 at the start of the year and ended the year at $31.33. It paid…

A: Capital gain refers to the gain on sale of any capital asset, i;e if the selling price of capital…

Q: Acme Inc.'s total assets at the beginning of the year amount to $500,000,000, and its total assets…

A: To determine Acme Inc.'s net income for the year, we can use the Return on Assets (ROA) formula. The…

Q: Green Grass, Inc., has sales of $514, 000, costs of $191,000, depreciation expense of $33,000,…

A: The portion of profit after after tax after payment of payment of dividend will be added to the…

Q: Last year Justine Corp. had sales of P315,000 and a net income of P17,382 and its year-end assets…

A: Du Pont analysis is a technique that is used to decompose the different drivers of the return of…

Q: Henry Company had sales revenue of USD1,200,000, gross profit of USD749,000, operating expenses of…

A: Income tax expense refers to the expense amount which company records in the accounting period for…

Q: Tommy’s Woodworking had sales of $4 million this past year.  Its COGS was $2.75 million and its…

A:

Q: XYZ co paid $520 in dividends and $711 in interest expense. The addition to retained earnings is…

A:

Q: For the FY 2016, Alpha Company had net sales of $950,000 and a net income of $65,000, paid income…

A: 1. Times Interest Earned RatioThe Times Interest Earned Ratio (TIE) measures a company's ability to…