Calculate the profit margin ratio based on the following information: cash = $14,870; accounts receivable = $22,108; = $62,150; prepaid $3,010; supplies accumulated depreciation = = $927; equipment 13,750; accounts payable = $28,000; net sales = $325,000; interest expense = $6,000; tax expense = $12,600; earnings before interest and taxes = $122,623; no. of shares outstanding = 335,000. Round to two decimal places.

Calculate the profit margin ratio based on the following information: cash = $14,870; accounts receivable = $22,108; = $62,150; prepaid $3,010; supplies accumulated depreciation = = $927; equipment 13,750; accounts payable = $28,000; net sales = $325,000; interest expense = $6,000; tax expense = $12,600; earnings before interest and taxes = $122,623; no. of shares outstanding = 335,000. Round to two decimal places.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

See similar textbooks

Similar questions

Consider the following income statement: Sales $909,407 Costs 484,977 Depreciation 149,723 Taxes 0.28 Calculate OCF.
Need help general accounting
What is the return on assets? General accounting
calculate cash flow from assets if given year 1: sales=9402, depreciation=1350, costs of good sold=3235, administrative expenses=767, interest expenses=630, cash=4931, accounts receivable=6527, short term notes payable=953, long term debt=16152, net fixed assets=41346, accounts payable=5179, inventory=11604, and dividends=1147 and given year 2: sales=10091, depreciation=1351, costs of good sold=3672, administrative expenses=641, interest expenses=724, cash=6244, accounts receivable=7352, short term notes payable=895, long term debt=19260, net fixed assets=42332, accounts payable=5022, inventory=11926, and dividends=1261 and tax rate is 34%
Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating expenses of $35,000, other expenses of $10,000, net income of $9,000. Calculate the following values. A.) Profit margin. B.) Gross profit rate.
Calculate the net income for a company given the following information: Sales revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $20,000, Interest expense = $5,000, and Income tax rate = 25%.
Need Help with this one General Accounting Question Please give me answer
Your pro forma income statement shows sales of $953,000, cost of goods sold as $516,000, depreciation expense of $99,000, and taxes of $135,200 due to a tax rate of 40%. What are your pro forma earnings? What is your pro forma free cash flow? Complete the pro forma income statement below: (Round to the nearest dollar) Sales Cost of Goods Sold Gross Profit Depreciation EBIT Taxes (40%) Earnings $ S $ S
7. Victory airlines has a TAT ratio of 0.94 times (total assets turnover ratio); total depreciation of $2,106 and total assets of $93,840. Interest expense is $1,214 while the earnings before interest and taxes (EBIT) is 19 percent of sales. Calculate the cash coverage ratio and show all calculations.
Benson, Inc., has sales of $44830, costs of $14,370, depreciatior and interest expense of $2,390. The tax rate if 23 percent. What is the operating cash flow, or OCF?
Calculate the net profit for a company given the following information: Total revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $25,000, and Taxes = $10,000.
A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Round it to a whole dollar. Sales $ 1,200 Costs 600 Depreciation 170 EBIT $ ? Interest expense 50 EBT $ ? Taxes (20%) ? Net income $ ?