Assume Nordstrom Inc. reports a net income of $567 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,134 million in total assets. By the fiscal year that ended in January 2016, total assets had decreased to $7,587 million. What is Nordstrom's ROA?
Q: Provide Answer please
A:
Q: solve this given three prob
A: Step 1: Given Data Sales - $95,000 Total variable cost - $68,400 Contribution margin - $26,600 Total…
Q: Find estimated total costs for production level...
A: Step 1: Define Classifying CostsOne way to classify costs is as either variable, fixed, or mixed.…
Q: Please Provide Correct Solution
A: Solution:High Activity Level = July = 8 units shipped and Shipping cost at this level = $3,600Low…
Q: Only need the answer to b-1.
A: As required only b-1 has been solved The maximum amount of business interest expense that Renee can…
Q: hg
A: To determine the taxable amount of the gifts Samantha gave, let's use the IRS gift tax rules for…
Q: A small retailer has the following transaction data: beginning inventory $8,000, purchases $62,000,…
A: Explanation of Cost of Goods Sold (COGS): Cost of Goods Sold represents the direct costs associated…
Q: General Accounting
A: Step 1: Define Cost of GoodsThe cost for all the goods manufactured in a given period represents the…
Q: Assume a company uses the weight-average method in its process costing. Its Work in Process…
A: Calculate Units Completed and Transferred OutTo find the Units Completed and Transferred Out, we add…
Q: Please do fast don't use ai to answer
A: To calculate Luong Corporation's taxable income, we start with its net income per books, which is…
Q: EOQ? CALCULATE
A: where:- \( D \) = Annual demand in units (1,200 units)- \( S \) = Ordering cost per order ($100)- \(…
Q: Calculate the activity rate on these accounting question
A: Step 1: Define Activity RateUnder activity-based costing, the activity rate is determined using the…
Q: A higher level of current net operating assets implies which one of the following? a.It increases…
A: Net Operating Assets (NOA) are a company's operating assets minus its operating liabilities.…
Q: Compute the missing amount in the following table.
A: Step 1: Define AssetsAssets can be defined as something valuable that a company uses in the…
Q: Treasury stock is? a) New stock issued by the company b) Stock of other companies owned c) Company's…
A: The question pertains to treasury stock Be definition, treasury stock refers to previously…
Q: PR 3-6 (Algo) (LO 3.4) All Or Muffin company has the following financial information: All Or Muffin…
A: Revenue 2100000*110%2310000Variable cost656250Contribution margin1653750Fixed cost553750Operating…
Q: General Accounting
A: Step 1:- Introduction to the Return on EquityReturn on equity is the ratio of net income to value of…
Q: On January 1, 2024, Kroll Corporation paid $2,954,000 for 34 percent of the outstanding voting stock…
A: Step 1: Initial InvestmentKroll invested $2,954,000 in Sharon.Step 2: Equity in EarningsSharon's net…
Q: Solve this general accounting question not use ai
A: Step 1: Define High Low MethodIn cost accounting, the high-low method is used to break the total…
Q: Please need answer the accounting question not use Ai
A: Step 1: Define Net Profit MarginNet income represents the difference between sales revenue and…
Q: Prepare payroll registers. Maintain employees’ earnings records. Journalize and post payroll and…
A: Procedures for Journal Entries and Payroll Processing:a. Payroll registers should be prepared by…
Q: Chavez Corporation reported the following data for the month of July: Inventories: Raw materials…
A: Follow this formula:Direct Materials Cost = Beginning Inventory of Raw Materials + Purchases of Raw…
Q: need answerr
A: We'll use the formula for the present value of an annuity:PMT=PV×i/1−(1+i)−Nwhere:PMT is the monthly…
Q: After reading the case, you will choose one side to assist (you’ve been hired by Dave James OR…
A: First, we calculate the net asset value of the company. This is done by subtracting the total…
Q: Dillard Company
A: Explanation of Book Value: Book value represents the net carrying amount of an asset on the…
Q: Green Caterpillar Garden Supplies Inc. has the following end-of-year balance sheet: Green…
A: Given DataCurrent Sales: $13,500,000Net Income: $300,000Sales Growth: 17%Dividend Payout Ratio:…
Q: Help
A: Explanation of Net Income: Net income represents the financial result of a business's operations…
Q: Accounting solve this question
A: Overhead controllable variance = Budgeted overhead - Actual overhead incurredOverhead controllable…
Q: Round your answer
A: Explanation of Fixed Costs: Fixed costs are expenses that remain constant regardless of the…
Q: Carlton Soup Company is the world's leading maker and marketer of soup and sells other well-known…
A: Step 1: Categorize Each ItemCurrent Assets: These are assets expected to be converted to cash or…
Q: Financial Accounting 3.7
A: Explanation of Deferred Tax Liability: A deferred tax liability represents future tax payments that…
Q: Get answer
A: Explanation of Assets: Assets are resources owned by a company that have economic value and can be…
Q: Need help
A: Step 1: Define Net SalesIn a business, net sales refer to the sales after deducting the qualified…
Q: Want Correct Answer in General Accounting
A: To calculate the cash Beyonce Ltd. paid to suppliers for inventory during the fiscal year ending May…
Q: I want answer
A: Explanation of Supplies: Supplies are tangible items that a business uses in its daily operations…
Q: nkt
A: Follow the steps on this article to perform a linear regression in…
Q: Need answer the accounting question
A: Step 1: Define Variable CostThe total cost consists of the variable cost and the fixed cost where…
Q: Answer in step by step with explanation. Don't use Ai and chatgpt.
A: STEP 1: Key InformationYour gathered details are correct:Harper owns 40% of Moore.Purchase price is…
Q: Question: Diverse accounting practices resulting from cultural, political, and regulatory…
A: Step 1: Diverse accounting practices result from cultural, political, and regulatory differences…
Q: Green Valley Company prepared the following trial balance at the end of its first year of operations…
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Q: Need experts solution only, Don't use AI.
A: Step 1: Year 2020: Beginning balance: R384,000.10 Interest for 2020: R384,000.10×0.169911=R65,859.02…
Q: Financial Accounting
A: Step 1: Define DuPont ModelThe DuPont Model is used to determine the return on equity to the…
Q: 8 The purpose of the balanced scorecard is BEST described as helping an organization Select…
A: The Balanced Scorecard is a strategic management tool that allows organizations to translate their…
Q: WAC
A: Explanation of Weighted Average Method: The weighted average method is a widely used inventory…
Q: ?
A: Accounting Treatment for Contingent LiabilitiesA contingent liability is a potential liability that…
Q: Select the accurate answer to this accounting MCQ
A: Explanation of Diluted EPS: Diluted Earnings Per Share is a financial metric that measures a…
Q: The following are comparative balance sheets for concord company
A: Increase in Accounts Receivable: 2022 - 2021 = $84,500 - $79,900 = $4,600 (deducted as it's an…
Q: At the end of the prior year, Durney's Outdoor Outfitters reported the following information.…
A: 1-a.Accounts Receivable (Gross)DebitCreditBeginning balance48,091 Sales on…
Q: A manufactured product has the following information for June. Direct materials Direct labor…
A: Step 1: Direct materials price variance Direct materials price variance = (Actual quantity x Actual…
Q: Explanation please
A: Accounting Treatment for Intangible Assets1. Definition of Intangible AssetsIntangible assets are…
Give true answer this accounting question
Step by step
Solved in 2 steps
- Assume Nordstrom Inc. reports net income of $667 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,467 million in total assets. By fiscal year ended January 2016, total assets had decreased to $7,920 million. What is Nordstrom's ROA?Suppose in its 2017 annual report that McDonald's Corporation reports beginning total assets of $29.90 billion, ending total assets of $32.25 billion, net sales of $22.60 billion, and net income of $4.80 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover timesSwifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%
- For its fiscal year ending on June 30, 2018, Microsoft reported net income of $12.96 billion from sales of $112.97 billion. The company also reported total assets of $245.56 billion. a. Calculate Microsoft's total asset turnover and its net profit margin. b. Find the company's ROA, ROE, and book value per share, given that it has a total net stockolders' equity of $75.89 billion and 6.86 billion shares of common stock outstanding. a. Microsoft's total asset turnover is (Round to two decimal places.)Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $ 1,800.0 $ 1,500.0 Operating costs excluding depreciation and amortization 1,395.0 1,275.0 EBITDA $ 405.0 $ 225.0 Depreciation and amortization 43.0 39.0 Earnings before interest and taxes (EBIT) $ 362.0 $ 186.0 Interest 40.0 33.0 Earnings before taxes (EBT) $ 322.0 $ 153.0 Taxes (40%) 128.8 61.2 Net income $ 193.2 $ 91.8 Common dividends $ 174.0 $ 73.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash and equivalents $ 23.0 $ 18.0 Accounts receivable 248.0 225.0 Inventories 396.0 360.0 Total current assets $ 667.0 $ 603.0 Net plant and equipment 429.0 390.0 Total assets $ 1,096.0 $ 993.0 Liabilities and Equity Accounts…Čardinal Industries had the following operating results for 2018: Sales = $34,621; Cost of goods sold Dividends paid = $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,01O. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. $24,359; Depreciation expense = $6,027; Interest expense $2,725; %3D a. What is net income for 2018? (Do not round intermediate calculations.) b. What is the operating cash flow for 2018? (Do not round intermediate calculations.) c. What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do not 1. round intermediate calculations.) d- If no new debt was issued during the year, what is the cash flow to stockholders? (Do…
- Please help me with show all calculation thankuK Grocers’ 2016 financial statements show total operating assets of $45,004 million, total operating liabilities of $22,690 million, and net income totaling $1,505 million. How much are K Grocers’ net operating assets (NOA) for the year?Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52% O 11.66%
- What is the 2017 profit margin on this accounting question?Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 Sales $ 1,625.0 $ 2017 1,300.0 Operating costs excluding depreciation and amortization 1,300.0 1,105.0 EBITDA $ 325.0 $ 195.0 Depreciation and amortization 39.0 31.0 Earnings before interest and taxes (EBIT) $ 286.0 $ 164.0 Interest 36.0 29.0 Earnings before taxes (EBT) $ 250.0 $ 135.0 Taxes (40%) 100.0 54.0 Net income $ 150.0 $ 81.0 Common dividends $ 135.0 $ 65.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 Assets Cash and equivalents $ 23.0 $ 2017 18.0 Accounts receivable 164.0 143.0 Inventories 343.0 312.0 Total current assets $ 530.0 $ 473.0 Net plant and equipment 390.0 312.0 Total assets $ 920.0 $ 785.0 Liabilities and Equity…Suppose in its 2027 annual report that McDonald's Corporation reports beginning total assets of $20.80 billion, ending total assets of $19.20 billion, net sales of $21.80 billion, and net income of $4.10 billion. (a) Compute McDonald's return on assets. (Round return on assets to one decimal place, e.g. 5.1%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times