Archware Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales of $22.200 billion. Their net profit margin for the year was 0.17, while the operating profit margin was 30 percent. What is Archware’s net income? (Answer needs to be stated in billions. For example: 2.83) Round to two decimal places.

Q: Denver, Incorporated, has sales of $24 million, total assets of $21.6 million, and total debt of…

A: Solution:- Net income means the net profit earned by a firm on its sales. So, net income = Sales x…

Q: Guo Company has owners equity of $354,300 and a net income of $114,720. It has a payout ratio of…

A: Given Data: Owner's Equity=$354,300 Net Income=$114,720. Payout Ratio = 23% Return on Assets = 15%

Q: (DuPont analysis) Triangular Chemicals has total assets of $90 million, a return on equity of 37…

A: ROE = Profit margin * Equity multiplier * Total asset turnover 0.37 = 0.046 * 2.97 * Total asset…

Q: Chutes & Co. has interest expense of $1.05 million and an operating margin of 11.9% on total sales…

A: Interest rate ratio (ICR) is a financial measure of a company's ability to meet interest payments on…

Q: A firm has a profit margin of 7% and an equity multiplier of 1.9. Its sales are $230 million, and it…

A: The profit margin is 7%.Equity multiplier is 1.9.Sales are $230 million.Total assets are $92…

Q: Blossom Systems has total assets of $ 34.050 billion, total debt of $ 8.745 billion, and net sales…

A: 1) Calculation of Net Income $ billion Net Income = Net Sales x Net Profit Margin Net Income =…

Q: (DuPont analysis) Triangular Chemicals has total assets of $104 million, a return on equity of 35…

A: DuPont analysis is an analysis which is a part of financial ratios. Financial ratios are based on…

Q: Jacks has current assets equal to $3 million. The company's current ratio is 1.5, and its quick…

A: Formula: Current ratio = Current Assets / current liabilities

Q: Aquilera, Inc., has sales of $18.8 million, total assets of $13.8 million, and total debt of $4.6…

A: Net income means the amount the company is earning its profits ie. Revenues – total costs.Also, Net…

Q: Blue Birds Inc., has a working capital of $1,250, current liabilities of $4,410, and inventory of…

A: Quick ratio, also known as the acid-test ratio, is a financial metric that measures a company's…

Q: Ajax Corp's sales last year were $624,000, its operating costs were $427,600, and its interest…

A: Sales = $624,000Operating Costs = $427,600Interest Charges = $13,600

Q: A company has current liabilities of $500 Million, and its current ratio is 2.0. What is the total…

A: Current Assets is that which shows the assets of the company. It includes the Cash, Cash…

Q: The interest coverage ratio is times.

A: Interest coverage ratio is a financial metric that helps in determining the ability of a business…

Q: Denver, Incorporated, has sales of $14.2 million, total assets of $11.3 million, and total debt of…

A: Shareholder equity helps investors and other companies in analyzing the growth or financial position…

Q: MPI Incorporated has $6 billion in assets, and its tax rate is 25%. Its basic earning power (BEP)…

A: The times-interest-earned ratio (TIE) compares the EBIT of a company relative to the amount of…

Q: PAGGYTY Industries has current assets equal to $4 million. The company's current ratio is 2.0, and…

A: Formula: Current ratio = Current Assets / Current liabilities

Q: MPI Incorporated has $5 billion in assets, and its tax rate is 35%. Its basic earning power (BEP)…

A: To calculate the Times Interest Earned (TIE) ratio for MPI Incorporated, we need to follow these…

Q: A firm has a profit margin of 5.5% and an equity multiplier of 3.0. Its sales are $140 million, and…

A: Profit margin = 5.5%Equity multiplier = 3.0Sales = $140 millionTotal assets = $84 million

Q: Total assets

A: The Return on Assets (ROA) is calculated using the formula:ROA = Net Income / Total Assets Given…

Q: MPI Incorporated has $12 billion in assets, and its tax rate is 25%. Its basic earning power (BEP)…

A: Time interest earned ratio measures the ability to meet the interest obligations from its operating…

Q: Wims, Inc., has sales of $18.3 million, total assets of $13.3 million and total debt of $4.1…

A: Solution:- Net income means the amount the company is earning its profits ie. Revenues – total…

Q: Orono Corp.'s sales last year were $465,000, its operating costs were $362,500, and its interest…

A:

Q: Best Electronics has a quick ratio of 0.53, current liabilities of $7.3 billion, and inventories of…

A: Given: Quick ratio = 0.53 Current liabilities = $7.3 Billion Inventories = $5.2 Billion

Q: Rick's Travel Service has asked you to help piece you the following information: sales are $7.4…

A: Sales = $7,400,000Total debt = $2,000,000Debt ratio = 35%ROE = 17.1%

Q: Orono Corp.'s sales last year were $585,000, its operating costs were $362,500, and its interest…

A: The times interest earned (TIE) ratio measures a company's ability to meet its interest payments on…

Q: ↑ Chutes & Co. has interest expense of $1.92 million and an operating margin of 10.9% on total sales…

A: The interest coverage ratio offers important clues about a company's financial health and debt…

Q: ne company's total sales are million. (Round to one decimal

A: Dupont analysis refers to the framework established by the Dupont corporation for analyzing the…

Q: If Roten Rooters, Inc., has an equity multiplier of 1.28, total asset turnover of 1.85, current…

A: Return on EquityThe Return on Equity (ROE) is a metric used to assess how profitable a company is in…

Q: Ralston Gourmet Foods Inc. earned $245 million last year and retained $150 million. What is the…

A: Earning = e = $245 million Retained = r = $150 million\   Dividend = d = e - r = 245 million - 150…

Q: MPI Incorporated has $7 billion in assets, and its tax rate is 35%. Its basic earning power (BEP)…

A: The term "TIE ratio" typically refers to the "Times Interest Earned" ratio. This is a financial…

Q: The Lawrence Company has a ratio of long-term debt to long-term debt plus equity of .34 and a…

A: Profit Margin = Net Profit/Sales So Net Profit = Sales * Profit Margin    ROE = Net Profit/Equity So…

Q: Thomson Trucking has $24 billion in assets, and its tax rate is 25%. Its basic earning power (BEP)…

A: TIE ratio is the ratio of Earning before Interest and Tax divided by the Interest Expense. TIE Ratio…

Q: 2. A company's sales last year were $615,000 and its net income was $45,800. It has $465,000 in…

A: Return on Equity is one of the profitability ratio which shows how much net income is being earned…

Q: ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next…

A: Given, ABC's sales for this year were $32,250,000  &  Accounts Receivable Turnover Ratio was…

Q: Jerry Rice and Grain Stores has $4,780,000 in yearly sales. The firm earns 4.5 percent on each…

A: Given, Sales $4,780,000 Net profit margin is 4.5%

Q: Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its…

A: Introduction: Current liabilities: The Liabilities which are to be paid with in one year period of…

Q: MPI Incorporated has $6 billion in assets, and its tax rate is 35%. Its basic earning power (BEP)…

A: Times interest earned ratio is calculated by dividing the earnings before interest and tax (EBIT) by…

Q: Orono Corp.'s sales last year were $575,000, its operating costs were $362,500, and its interest…

A: As per formula Times interest earned (TIE) ratio = (Sales-Operating cost)/Interest expenses   Where…

Q: A firm has a profit margin of 4% and an equity multiplier of 1.8. Its sales are $370 million, and it…

A: The objective of this question is to calculate the Return on Equity (ROE) for a firm given its…

Q: If Roten Rooters, Inc., has an equity multiplier of 2.46, total asset turnover of 1.63, current…

A: ROE, or Return on Equity, is a financial measure that evaluates a company's profitability by…

Q: SDJ, Inc., has net working capital of $3,550, current liabilities of $5180, and inventory of $4,690.…

A: The quick ratio is a measure used during ratio analysis of a company’s performance to find out the…

Q: hite Waters, Inc., has sales of $28 million, total assets of $36 million, and total debt of $11…

A: ROA is return on assets and is measure of profitability and can be calculated by net income divided…

Q: A company's sales last year were $615,000 and its net income was $45,800. It has $465,000 in assets…

A: Ratio analysis means where the various ratio can be found out with different name and meaning and…

Q: Blue Birds Inc., has a working capital of $1,410, current liabilities of $4,220, and inventory of…

A: In the given case, we have provided the working capital, current liabilities and the…

Q: MPI Incorporated has $12 billion in assets, and its tax rate calculations. Round your answer to two…

A: Basic earning power = Earnings before interest and tax / Total Assets                            11%…

Q: Y3K, Incorporated, has sales of $6,389, total assets of $3,005, and a debt-equity ratio of 1.60. If…

A: Information Provided: Sales = $6,389 Total assets = $3,005 Debt-equity ratio = 1.60 Return on…