Provide correct answer the following requirements on these general accounting question BrightWave Corporation's balance sheet indicates thatthe company has $300,000 invested in operating assets.During 2023, BrightWave earned an operating incomeof $75,000 on $500,000 of sales.a. Compute BrightWave's profit margin for 2023.b. Compute BrightWave's turnover for 2023.c. Compute BrightWave's return on investment for2023.

Step 1: Define Return on Investment (ROI)Return on Investment (ROI) is a financial metric used to…

Answered: BrightWave Corporation's balance sheet…

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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Gibson Corporation’s balance sheet indicates that the company has $580,000 invested in operating assets. During 2018, Gibson earned operating income of $67,280 on $1,160,000 of sales. Required Compute Gibson’s profit margin for 2018. Compute Gibson’s turnover for 2018. Compute Gibson’s return on investment for 2018.
Allied Construction and Axis Construction reported the following information in their annual financial statements ($ in millions): Allied Construction Sales Net income Total assets Axis Construction Sales Net income Total assets Req 1 2024 $57,000 3,300 30,000 Required: 1. Calculate Allied Construction's return on assets, profit margin, and asset turnover ratio for 2024. 2. Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2024. 3-a. Which company has the better profit margin? 3-b. Which company has the better asset turnover? Req 2 Return on assets Profit margin Asset turnover 2024 $89,000 3,600 50,000 Complete this question by entering your answers in the tabs below. 2023 $50,000 3,200 22,000 Req 3A % % times 2023 $74,000 4,800 60,000 Calculate Allied Construction's return on assets, profit margin, and asset turnover ratio for 2024. (Do not round your intermediate calculations. Round your percentage answers to 1 decimal place and "Asset…
A company has the following items for the fiscal year 2020: Revenue = 10 million EBIT = 4 million Net income = 2 million Total Equity = 15 million Total Assets = 30 million Calculate the company’s net profit margin, asset turnover, equity multiplier and ROE
An entity made a profit of CAD 480,000 for the year 2018 based on historical cost accounting principles. It had opening capital of CAD 1,100,000. During 2018, specific price indices increased by 15% while general price indices increased by 12%. How much profit should be recorded for 2018 under real financial capital maintenance concept?
The 2023 annual report for Pronghorn Industries Inc. contained the following information: Dec. 31, 2022 Dec. 31, 2023 Total assets 561,000 605,000Total liabilities 65,400 88,900Net revenue 410,000 530,000Net income 54,000 32,000 Calculate the rate of return on assets using profit margin for 2023
For the year ending March 31, 2019, Northern Air Cooling Corporation has: Total assets = $109,931,999 ROA = 9.67 % ROE = 11.19 % Net profit margin = 10.59 % Determine the following: Net income: _____________ Sales: _____________ Equity Multiplier: _____________
Hello, just need help on net income and return on equity
In 2021, Noble Tech Inc. reported that the company's Return on Assets (ROA) was 10%, and its net profit margin was 6%. Calculate the company's total asset turnover (round your answer to two decimal places).
C Company has the following data for the year ending 12/31/2020 (dollars are in thousands): Net income = $600; EBIT = $1,184; Total assets = $3,000; Short-term investments = $200; Total capital employed = $2,193; and tax rate = 30%. The company’s WACC is 11.07%. What was its Economic Value Added (EVA) for the year 2020? Round your answer to the nearest dollar. Group of answer choices: $583 $586 $577 $572 $580
Swifty 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%
Please show your work and explain how you got your answers.
For the year ended December 31, 2019, Settles Inc. earned an ROI of 9.6%. Sales for the year were $16 million, and average asset turnover was 2.4. Average stockholders' equity was $3.2 million.Required: Calculate Settles Inc.'s margin and net income. (Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000.) Calculate Settles Inc.'s return on equity. (Round your answer to 1 decimal place.)

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