Compute for Net Profit Margin for Year 1:The Derkins Corporation had the following information available:Year 3Year 2Year 1Income StatementRevenueCost of goods soldSelling & admin. expensesInterest expenseNet Income30,84823,1226,0825041,14027,43320,9385,05345898425,51219,8754,672350615Balance SheetAssetsCashAccounts receivableInventoryProperty and equip. (net)Total Assets6815063,2003,2817,6683545872,6272,8106,3785894122,2452,5145,760LiabilitiesAccounts payableUnredeemed gift cardsLong-term liabilities3734693584102803852,6433,2342,824Stockholders' EquityCommon stockRetained earningsTotal Liabilities and Equity9859859852,6077,6681,8016,3781,4675,760Note: Use two Decimal Points and use Percent (%) if Necessary

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Description: Compute for Net Profit Margin for Year 1:The Derkins Corporation had the following information available:Year 3Year 2Year 1Income StatementRevenueCost of goods soldSelling & admin. expensesInterest expenseNet Income30,84823,1226,0825041,14027,43320,

Revenue in year 1 = $25512 Net income in year 1 = $615 We need to find the net profit margin for…

Answered: Compute for Net Profit Margin for Year…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Data table (Click on the icon in order to copy its contents into a spreadsheet.) Inventory Common stock Cash Operating expenses Short-term notes payable Interest expense Depreciation expense Sales Accounts receivable Accounts payable Long-term debt Cost of goods sold Buildings and equipment Accumulated depreciation Taxes General and administrative expense Retained earnings 6,470 45,070 16,570 1,380 600 870 540 12,740 9,560 4,750 54,860 5,710 122,330 33,960 1,400 870 ? I X
Using the accounts and amounts below, calculate Income from Operations: Account Amount $173,570 Sales Revenue Net Sales Sales Returns and Allowances Cost of Goods Sold Operating Expenses 102,735 36,023 31,211 34,693
The two independent cases are listed below: Sales Revenue Cost of Goods Sold Gross Profit Depreciation Expense Salaries and Wages Expense Net Income Accounts Receivable Inventory Accounts Payable Salaries and Wages Payable Case A Year 2 $ 10,400 5,460 4,940 1,100 1,900 $ 1,940 $ 270 720 740 970 Year 1 $6,000 3,100 2,900 1,100 1,400 $ 400 $ 340 440 670 1,140 Case B Year 2 $ 20,400 11,460 8,940 1,200 4,400 $ 3,340 $ 690 700 860 340 Year 1 $ 15,000 8,770 6,230 1,200 4,400 $ 630 $ 570 740 910 410 Required: Show the operating activities section of the statement of cash flows for year 2 using the indirect method. (Amounts to should be indicated with a minus sign.)
An investment of $80,000 is expected to generate a net annual income of $27,000 for 5 years. If the study period is 20 years, and assuming this alternative will be repeated over the study period, what is the present worth of this investment if MARR is 11%? O a. $5,354 O b. $21,418 O c. $135,010 O d. $42,639 O e. $19,789
Compute for Acid-Test Ratio for Year 2: The Derkins Corporation had the following information available: Year 3 Year 2 Year 1 Income Statement Revenue Cost of goods sold Selling & admin. expenses Interest expense Net Income 30,848 23,122 6,082 504 1,140 27,433 20,938 5,053 458 984 25,512 19,875 4,672 350 615 Balance Sheet Assets Cash Accounts receivable Inventory Property and equip. (net) Total Assets 681 506 3,200 3,281 7,668 354 587 2,627 2,810 6,378 589 412 2,245 2,514 5,760 Liabilities Accounts payable Unredeemed gift cards Long-term liabilities 373 469 3,234 358 410 2,824 280 385 2,643 Stockholders' Equity Common stock Retained earnings Total Liabilities and Equity 985 1,801 6,378 985 985 2,607 7,668 1,467 5,760 Note: Use two Decimal Points and use Percent (%) if Necessary
PLEASE ANSWERED WITH IN THE FORMAT BY PROVIDING FORMULA IN DETAILS Income statements for Thornton Company for Year 3 and Year 4 follow. THORNTON COMPANY Income Statements Year 4 Year 3 Sales $200,900 $180,900 Cost of goods sold 142,300 120,300 Selling expenses 21,600 19,600 Administrative expenses 12,500 14,500 Interest expense 3,200 5,200 Total expenses $179,600 $159,600 Income before taxes 21,300 21,300 Income taxes expense 6,300 3,800 Net income $15,000 $17,500 Required Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. PLEASE PROVIDE ANSWER IN TEXT
Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2020, 2019, and 2018 2020 $ 474, 200 285,468 2819 $363, 276 228,864 188, 732 134,412 67,336 50, 132 42,678 31, 968 119,014 82, 198 78, 718 52,312 14,642 19,724 $ 64,976 $ 41,588 S Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income KORBIN COMPANY Comparative Balance Sheets December 31, 2020, 2019, and 2018 2020 Common-Size Comparative Income Statements For Years Ended December 31, 2020, 2019, and 2018 2020 100.00 % 2019 100.00 % Assets Current assets Long-term investments Plant assets,…
The comparative balance sheets and an income sutement for Gibson Corporation follow: Balance Sheets As of December 31 Year 2 Year 1 Assets Cash Accounts receivable Merchandise inventory Prepaid rent Equipment Accumulated depreciation Land $ 60,675 27,614 156,047 2,485 249,480 (136,850) 191,680 $ 551, 131 34:53 $ 40,460 20, 250 171,650 4,970 285, 880 (230, 850) 76, 780 $ 369, 140 Total assets Liabilities Accounts payable (inventory) Salaries payab le Stockholders' equity Common stock, $50 par value Retained earnings Total Liabitities and equity $ 65,942 28, 968 74,800 24, 830 246, 500 209, 721 $ 551,131 198, 500 71,010 $ 369, 140 Income Statenent For the Year. Ended Decenber 31. Year 2 Sales Cost of goods sold Gross profit Operating expenses Depreciation expense Rent expense Salaries expense Other uperating enpenses $1,499,000 (796,6691 702,331 (22, 400) .(25,740) (258, 200) (257,260). S 338.711 Net income
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $70,910 $86,990 Accounts receivable (net) 108,960 117,270 Merchandise inventory 155,660 145,360 Prepaid expenses 6,340 4,400 Equipment 317,080 260,420 Accumulated depreciation-equipment (82,440) (63,870) Total assets $576,510 $550,570 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $121,070 $115,070 Mortgage note payable 0 165,170 Common stock, $1 par 19,000 12,000 Paid-in capital: Excess of issue price over par-common stock 260,000 155,000 Retained earnings 176,440 103,330 Total liabilities and stockholders’ equity $576,510 $550,570 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: Net income, $187,160. Depreciation…
Denger
H1. Account
account_circle Business AccountingQ&A LibraryShown below are selected financial data for Company a and Company B at the end of the current Company A Net credit sales 675,000 Cost of goods sold 504,000 Cash 53,000 Accounts receivable 75,000 Shown below are selected financial data for Company a and Company B at the end of the current Company A Net credit sales 675,000 Cost of goods sold 504,000 Cash 53,000 Accounts receivable 75,000 Question Shown below are selected financial data for Company a and Company B at the end of the current Company A Net credit sales 675,000 Cost of goods sold 504,000 Cash 53,000 Accounts receivable 75,000 Inventory 84,000 Current liabilities 105,000 Company B Net credit sales 560,000 Cost of goods sold 480,000 Cash 22,000 Accounts receivable 70,000 Inventory 160,000 Current liabilities 100,000 A) calculate inventory turnover rate for company A and B

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