Calculate the following profitability ratios for 2024:
Q: How much gross profit should be reported for 2021?
A: Percentage-of-Completion Method-: The Percentage of Completion Method comes under the revenue…
Q: What is the return on sales for fiscal year 2019 2018?
A: Return on sales=Operating ProfitNet Sales×100
Q: What is the Net Profit Margin Ratio in 2019?
A: The Net Profit Margin measures the percentage of earnings remaining once all operating and…
Q: The separate incomes (which do not include investment income) of Celine Corporation and Margaux…
A:
Q: What are the Profitability Ratios for the periods 2019,2020 and 2021?
A: Profitability ratios: 1. Net profit margin = Net income Sales×100 Net profit margin for 2019 =…
Q: Prepare a projected CVP income statement for 2020 assuming that changes are made as described.
A: Solution:Income statement :Selling in units = $ 2,030,000 / 81,200 = $ 25Revised material cost = $…
Q: Use the information provided (first picture) to calculate the profit margin ratios for 2021 and put…
A: Here, Gross Profit is 1,696,000 Operating Profit is 1,024,000 Net Profit is 704,000 Net Sales is…
Q: Current Assets Cash and cash equivalents P350,824,146 P853,266,354 Trade and other receivables…
A: Return on assets = net income/average total assets Net income =145742370 Average total assets…
Q: Oriole Enterprises Ltd. has entered into a contract beginning in February 2023 to build two…
A: Percentage of Completion MethodThis method is used to determine the revenue from the ongoing…
Q: Calculate the gross profit margin for Pearson & Litt for 2020 And Explain the results of the gross…
A: Solution:- Calculation of gross margin for Pearson & Litt for 2020 And Explain the results of…
Q: (Profitability Ratio) What is the Price Earnings Ratio in 2020?
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…
Q: Calculate and Analyze the following for the year 2019, 2020 and 2021: liquidity working capital…
A: Liquidity ratio=Current assets/current liabilities Good liquidity ratio is between 1.2 and 2.…
Q: What are the Profitability Ratios for the periods 2019,2020 and 2021? What is it's Financial…
A: Profit margin on Sales = Net Income / Sales Earning Power ratio = EBIT / Total Assets Return on…
Q: How can I compute the total revenue, total cost and total profit for 2020? Is there the data that I…
A: Formula used: Total revenue for 2020=Total net revenues+Income from equity investees+Interest income…
Q: Five year financial summary 2016 $M 2017 $M 2018 $M 2019 $M 2020 $M Income statement Gross property…
A: The company's income statement is prepared for arriving at the profits generated by the company…
Q: Years Ended Decem Note 2020 2019 2018 REVENUE 18 P891,847,222 P1,945,184,563 P1,579,205,736 DIRECT…
A: The gross profit margin ratio indicates the percentage of gross profit on the sale. It can be…
Q: The consolidated statements of financial position are to be read in conjunction with the…
A: The company's income statement is prepared for arriving at the profits generated by the company…
Q: (Profitability Ratio) What is the Price Earnings Ratio in 2019?
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…
Q: STATEMENTS OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019
A: Net profit margin is very important showing the profitability of the company.
Q: 2021 Industry Ratio Analysis Est. 2020 2019 Average Liquidity Ratios Current Ratio (times) 4. 2…
A: Market Value ratios are evaluated by potential shareholders to compute whether the price of shares…
Q: Profitability Ratio) What is the Gross Profit Margin Ratio in 2020?
A: Gross profit margin ratio is one of the profitability ratio, which shows percentage of gross profit…
Q: What is the projected net income for 2017?
A: NET INCOME: It is the money that remains with the company after deducting all the operating…
Q: Calculate the following profitability ratios for 2018 and 2019. a. Gross profit ratio b. Return…
A: The ratio analysis helps to analyse the financial statements of the business on the basis of various…
Q: A. Calculate the gross profit margin for Pearson and litt for 2020 B. Explain the results of the…
A: Gross profit is the profit generated after deducting direct expenses related to the goods from the…
Q: Net Profit Margin Ratio
A: Net profit margin = Net income * 100/Revenue
Q: (Profitability Ratio) What is the Return on Investment Ratio in 2019?
A: Profitability Ratio: This ratio has measured the effectiveness of the firm through analysis of the…
Q: Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following…
A: Accounting ratios are an important tool for examining financial accounts in the business world.…
Q: On July 1, 2021, Wildflower Corp. contracted to build an office for Heart, Inc. for a total contract…
A: Gross Profit An approach to calculating total product is called gross profit. The technique can be…
Q: FRUITAS HOLDINGS, INC. (A Subsidiary of LUSH PROPERTIES, INC.) AND SUBSIDIARIES CONSOLIDATED…
A: Earnings per share = Net income after preferred divided/ weighted average number of shares
Q: What is the consolidated cost of sales for 2020?
A: The cost associated with the goods sold to the final customer is known as cost of sales. It includes…
Q: Calculate the following leverage ratios for 2020. Debt ratio- Debt-to-equity- Times interest earned…
A: Debt ratio :— It is calculated by dividing total liabilities by total assets. Debt to equity ratio…
Q: Profitability Ratio) What is the Return on Asset Ratio in 2020?
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…
Q: What is the Earnings Per Share in 2019?
A: The calculation of earnings per share for 2019 is presented hereunder : Earnings per share denotes…
Q: Selected accounts from the December 31, 2021 trial balances of DEF Corp. and its branch follow: DEF…
A: Net income: Net income is the excess amount of revenue after deducting all the expenses of a…
Q: Calculate the 2022 profit margin ratio??
A: Profit margin ratio is calculated using following equation Profit margin ratio = Net incomeSales×100…
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- The balance sheets for Dual Monitors Corporation and additional information are provided below. DUAL MONITORS CORPORATION Balance Sheets December 31, 2024 and 2023 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional Information for 2024: 1. Net Income is $150,600. 2. Sales on account are $1,215,500. (All sales are credit sales.) 3. Cost of goods sold is $973,400. Complete this question by entering your answers in the tabs below. a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e. Return on equity 2024 19.9 % 13.9 % %6 $208,600 60,000 86,000 3,100 times %6 390,000 390,000 700,000 580,000 (338,000) (178,000)…The balance sheets for Monitor World Corporation and additional information are provided below. MONITOR WORLD CORPORATION Balance Sheets December 31, 2024 and 2023 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional information for 2024: 1. Net income is $128,400. 2. Sales on account are $1,702,000. 3. Cost of goods sold is $1,276,500. Complete this question by entering your answers in the tabs below. a. Receivables turnover ratio b. Inventory turnover ratio c. Current ratio d. Acid-test ratio e. Debt to equity ratio 2024 times times $176,400 88,000 100,000 4,500 % Required: 1. Calculate the following risk ratios for 2024: 2. When we compare…Ef.1.
- The balance of the income summary account of a corporation is transferred to which of the following accounts? Capital Stock Cash Premium on Sale of Capital Stock Retained Earnings.Conduct the fundamental analysis of the following Income Statment for year 2019 to 2021.Make a vertical analysis of San Miguel Corporation's financial statement in 2020 and 2021.
- The purpose of Schedule M-1 on the corporate tax return is to: Reconcile accounting (book) income to taxable income. Summarize the dividends received deduction calculation. List the officers of the corporation and their compensation. Calculate the net operating loss deduction.The summarized balance sheet of WIPRO Itd forthe year ended 31/03/2020 and 31/03/2021 are given below. Prepare funds flow statement. Liabilities Equity share capital General Reserve Pro fit&loss a/c Sundry Creditor Provision for Tax 2020 5,00,000 2,00,000 40,000 1,58,000 45,000 2021 Assets 2020 2021 Land & Building 6,00,000 2,20,000 1,32,000 1,72,000 30,000 1,80,000 Plant and Machinery 2,10,000 80,000 2,00,000 1,70,000 1,03,000 9,43,000 3,00,000 2,76,000 95,000 1,90,000 1,95,000 98,000 11,54,000 Other fixed Assets Stock Debtors Cash at bank Total 9,43,000 The following adjustment the company faces during the year. 11,54,000 Total Dividend Rs. 30,000 was paid during the year. An old machinery costing 1,20.000 was sold for 1,00,000 and the depreciation Rs 50,000.Using the financial statements mentioned above estimate the annual rate of interest paid by the corporation (cost of debt). Also, find the tax rate and capitalization ratio (proportions among equity and debt). Using these values that you have found estimate the annual weighted cost of capital (WACC) of the corporation.
- Comparative balance sheets for 2024 and 2023, a statement of income for 2024, and additional information from the accounting records of Red, Incorporated, are provided below: Assets Cash RED, INCORPORATED Comparative Balance Sheets December 31, 2024 and 2023 (s in millions) 2024 Accounts receivable Prepaid insurance Inventory Buildings and equipment Less: Accumulated depreciation Liabilities Accounts payable. Accrued liabilities Notes payable i Bonds payable Shareholders' Equity Common stock Retained earnings $ 25 180 8 287 402 (120) $ 782 $ 88 7 51 161 401 74 $ 782 2023 $ 112 133 4 176 351 (241) $ 535 $ 102 13 0 0 401 19 $ 535Dec. 31, 2020 Dec. 31, 2019 Assets Current assets: Cash and cash equivalents $248,005 $419,465 Accounts receivable 38,283 34,839 Inventory 15.043 15,332 Prepaid expenses and other current assets 39,965 34,795 Income tax receivable 58,152 16,488 Investments 415,199 338,592 Total current assets 814.647 859,511 Property, plant, & equipment, net 1,217.220 1,106,984 Long-term investments 622,939 496.106 Other assets 70,260 64,716 Total assets $2,725,066 $2,527,317 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $85,709 $69,613 Accrued payroll and benefits 64,958 73,894 Accrued liabilities 129,275 102,203 Total current liabilities 279,942 245,710 Deferred liabilities 284.267 240,975 Other liabilities 32.883 28,263 Total liabilities 597,092 514,948 Shareholders' equity: Common stock 358 354 Additional paid-in capital 954,988 861.843 Retained earnings 1,172.628 1,150,172 Total shareholders' equity 2,127,974 2,012.369 Total liabilities and shareholders' equity…Pls help me correctly with steps.