A firm reported wages expense of $335 million and cash paid for wages of $290 million. What was the change in wages payable for the period?
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- A firm reported the following income statement (all figures are in thousands of dollars): Net Sales 1,105 - operating costs 200 - depreciation & amortization 245 = Operating Income (EBIT) ? - interest 19 = Earnings Before Taxes (EBT) ? - taxes ? = Net Income ? What is the amount of taxes the firm is charged, given that the tax rate is 25%? answer using one decimal figure.Staples, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $790 million and sales of $23,900 million in 2022. Its total assets were $14,500 million at the beginning of the year and $15,650 million at the end of the year. What is Staples, Inc.’s (a) asset turnover and (b) profit margin? (Round answers to 2 decimal places, e.g. 1.25.) (a) Asset turnover enter asset turnover in times rounded to 2 decimal places times (b) Profit margin Enter profit margin in percentages rounded to 1 decimal place %What is the company's ROE on this general accounting question?
- Rollins Corp's total assets at the end of last year were $300,000 and its EBIT was $75,000. What was its basic earning power (BEP)?a companys income before interest expense and income taxes is 175,000 and its inerest expense is 65,000. its time interest earned ratio is?X-1 Corp's total assets at the end of last year were $440,000 and its EBIT was $55,000. What was its basic earning power (BEP) ratio?
- Suppose that tucher industrial has annual sales of solve this general accounting questionUsing the data in the following table for a number of firms in the same industry, do the following: Firm (in Millions of Dollars) A B C D Sales $15 $10 $15 $30 Net income after tax 1.75 0.50 2.00 1.50 Total assets 6.0 18.0 8.0 15.5 Stockholders' equity 13.0 10.0 6.0 5.0 Compute the total asset turnover, the net profit margin, the equity multiplier, and the return on equity for each firm. Round your answers to two decimal places. A B C D Total Asset Turnover x x x x Net Profit Margin Equity Multiplier x x x x Return on Equity Evaluate each firm’s performance by comparing the firms with one another. Which firm has the lowest total asset turnover value?-Select-Firm AFirm BFirm CFirm DItem 17Which firm has the lowest net profit margin value?-Select-Firm AFirm BFirm CFirm DItem 18Which firm has the lowest equity multiplier value?-Select-Firm AFirm BFirm CFirm DItem 19Which firm has the lowest return on equity value?-Select-Firm…A firm has $680 in inventory, $2,140 in fixed assets, $210 in accounts receivables, $250 in accounts payable, and $80 in cash. What is the amount of the net working capital?
- Suppose that Blake Companys total pretax difference from a change to FIFO was 100,000 and the company pays a bonus of 5% of its income before income taxes and bonus to employees. If Blake pays an additional bonus | based on the change in income, would it recognize any expense? If so, when and how much?A firm’s income statement included the following data. The firm’s average tax rate was 20%. Cost of goods sold $ 10,000 Income taxes paid $ 4,000 Administrative expenses $ 5,000 Interest expense $ 3,000 Depreciation $ 3,000 What was the firm’s net income? What must have been the firm's revenues? What was EBIT?A firm has $820 in inventory, $3,200 in fixed assets, $670 in accounts receivable, $390 in accounts payable, $500 in long-term debt, and $360 in cash. What is the amount of the net working capital?