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.
General accounting
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For the year ended December 31, 2019, Settles Inc. earned an ROI of 9.9%. Sales for the year were $17 million, and the average asset turnover was 3.3. Average stockholders' equity was $2.3 million. Required: a. Calculate Settles Inc.'s margin and net income. b. Calculate Settles Inc.'s return on equity.
Margin and net income
For the year ended December
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?
For the year ended December 31, 2022, Settles Incorporated earned an ROI of 7.2%. Sales for the year were $11 million, and average asset turnover was 1.8. Average stockholders' equity was $3.1 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: 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. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income b. Return on equity %
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ABC Manufacturing reports the following information for the year 2023: Sales of $150,000; Beginning assets of $300,000, Ending assets of $400,000; Net Income of $12,000. What is the return on assets (to the nearest whole number)? XYZ Electronics reports the following information for the year 2022: Sales of $200,000; Beginning assets of $500,000, Ending assets of $600,000; Net Income of $25,000. What is the return on assets (to the nearest whole number)? Bright Future Co. reports the following information for the year 2024: Sales of $175,000; Beginning assets of $350,000, Ending assets of $450,000; Net Income of $18,000. What is the return on assets (to the nearest whole number)? Tech Innovators reports the following information for the year 2021: Sales of $250,000; Beginning assets of $600,000, Ending assets of $700,000; Net Income of $40,000. What is the return on assets (to the nearest whole number)? Visionary Designs reports the following information for the year 2020: Sales of…

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