Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilitiesfor the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025?O 15.10 %O 18.43%O 6.52%O 11.66%

RETURN ON ASSETS Return on Assets is the Ratio between Net Operating Income & Average Operating…

Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52%

Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: For the year ending March 31, 2019, Northern Air Cooling Corporation has: Total assets =…

A: given, Total assets = $109,931,999 ROA = 9.67 % ROE = 11.19 % Net profit margin = 10.59 %

Q: The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019…

A: External financing needs are the amount that the company needs to avail from outside of the company.…

Q: Martinez Industries had the following operating results for 2021: Sales = $33,914; Cost of goods…

A: Operating cash flows can be determined by using the net income approach where net income can be…

Q: Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $82090…

A: The ratio analysis helps to analyze the Financial statements of the business. The return on assets…

Q: The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019…

A: Every organization needs some capital to run a business and carry out business activities in an…

Q: The 2024 income statement of Adrian Express reports sales of $21,110,000, cost of goods sold of…

A: The ratio is used to evaluate the firm's financial situation and helps management in making…

Q: Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation:…

A: Working capital helps to determine the liquidity position of the company, it helps to determine the…

Q: The balance sheet of Huan Corporation reported net fixed assets of $332,000 at the end of 2018. The…

A: Fixed Assets: It refers to the long-term assets having a useful life of more than a year which is,…

Q: Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement…

A: The term sales revenue shows the gross earnings generated by a business entity from selling goods or…

Q: 1. Corp A reported the following on its 2020 Income Statement (millions): Revenue $145,685 Gross…

A: "As per guidelines, we solve only the first question in case of multiple questions posted. You can…

Q: Sunland Manufacturing has provided the following comparative income statements for 2021 and 2022.…

A: Common Size Analysis is also known as Vertical analysis. Common Size analysis mainly refers to the…

Q: For the year ended December 31, 2019, Settles Inc. earned an ROI of 9.6%. Sales for the year were…

Q: a. Compare the gross margins for Walmart and Costco. b. Compare the net profit margins for Walmart…

A: Ratio analysis is one of the important technique used in management accounting for decision making.…

Q: For the year ended December 31, 2022, Settles Incorporated earned an ROI of 7.2%. Sales for the year…

A: ROI= 7.2%Sales= $11,000,000Average asset turnover = 1.8Average stockholder's equity = $3,100,000

Q: At the end of last year, Edwin Inc. reported the following income statement (in millions of…

A: An income statement is a statement that shows a company's income and costs. It also displays if a…

Q: From the following information for BlueInks Corporation, compute the rate of return on assets. Hint:…

A: Rate of Return On Assets (ROA) measures a company's profitability by assessing its net income…

Q: The 2024 Income statement of Adrian Express reports sales of $19,510,000, cost of goods sold of…

A: The ratio is used to evaluate the firm's financial situation and helps management in making…

Q: Reynolds Corp's total assets at the end of last year were $300,000 and its net income after taxes…

A: The return on total assets (ROA) compares a company's total assets with the amount of money it…

Q: Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of…

A: Asset turnover is one of the most used ratio formulas to evaluate the performance of a company.…

Q: es The 2021 income statement of Adrian Express reports sales of $22,110,000, cost of goods sold of…

A: RATIO ANALYSISRatio analysis is the process of determining and interpreting numerical relationships…

Q: Chambliss Corp.'s total assets at the end of last year were $265,000 and its EBIT was 62,500. What…

A: Here, Total Assets is $265,000 EBIT is $62,500

Q: In 2020, Concord Corporation reported net income of $5.8 billion, net sales of $160 billion, and…

A: Return on Assets: It is often called Return on Total Assets. It measures the net income generated by…

Q: Selected comparative financial statements of Korbin Company follow. Sales Cost of goods sold Gross…

A: Income statement is the financial statement which is prepared by the entity for reporting and…

Q: BALANCE SHEET, YEAR-END, 2019 Assets Liabilities Current assets Current liabilities Accounts payable…

A: Financing is the process of providing funds for Business Activities, making purchases, or investing.

Q: The 2024 Income statement of Adrian Express reports sales of $18,957,000, cost of goods sold of…

A: The ratio is the technique used by the prospective investor or an individual or strategist to read…

Q: The 2020 Annual Report of Sheffield International contains the following information. (in millions)…

A: Asset turnover ratio is a type of ratio that shows the total sales of a company as a time of the…

Q: The 2024 income statement of Adrian Express reports sales of $20,710,000, cost of goods sold of…

A: Stockholder Equity analyzes the financial statements of the company that can equate to the company's…

Q: The balance sheets of Davidson Corporation reported net fixed assets of $348,000 at the end of 2021.…

A: Fixed asset turnover ratio: It is an efficiency ratio that indicates how efficient a business is at…

Q: Allied Construction and Axis Construction reported the following information in their annual…

A: Financial ratios are computed to get detailed information related to the company so that decisions…

Q: QueensLand Ltd. had the following operating results for 2021: sales = $20,200; cost of goods sold =…

A: Operating cash flow : O C F is the amount of cash generated from the normal business operations of…

Q: Use the following selected 2019 balance sheet and income statement information for Homer Glen Supply…

A: "The gross profit percentage is a financial metric that reveals the connection between a company's…

Q: Branch Corp.'s total assets at the end of last year were $310,000 and its net income after taxes was…

A: The ratio analysis is performed to compare the different elements of the business. The return on…

Q: If you are told that LSJ Company’s net income (12/31/2023) was $1,000,000 and net income…

A: Net income in current year (12/31/2023) was $1000000 Net income in base year (12/31/2022) was…

Q: Sunland Company reported the following in its 2022 and 2021 income statements. Net sales Cost of…

A: Gross profit rate measures the portion of sales revenue retained after accounting for the cost of…

Q: Simson in 2019 reported net income of $2,934 billion, net sales of $71,879 billion, and average…

A: Assets turnover =Net sales for the year / Average total assets Return on assets= [Net income…

Q: The trend percentage for Year 3’s net income is:

A: The trend percentage is used to compare the financial information over time to a base year.It is…

Q: Rush Company had net income of $152 million and average total assets of $1,810 million. Its return…

A: The return on assets is one of the financial ratios that shows the profitability of the company in…

Q: The following common size income statement are available for Viva Corporation for the two years…

A: A common size income statement is a financial statement that reports the items related to revenue…

Q: At the end of last year, Edwin Inc. reported the following income statement (in millions of…

A: EBITDA = Net income + taxes + interest expense + depreciation & amortization.

Q: perating capital = $2,300. What was its return on invested capital (ROIC)? Select the correct…

A: Answer : Return on invested capital (ROIC) = NOPAT / Total operating capital Return on invested…

Q: Prescott Football Manufacturing had the following operating results for 2019 sales = $30,074; cost…

A: Analysing and comprehending cash flows is essential for determining an entity's sustainability and…

Q: Manaia Manufacturing had the following operating results for 2022: sales $30,674; cost of goods sold…

A: SALES 30,674.00 LESS: COST OF GOODS SOLD -21,920.00 DEPRECATION -3,582.00 INTEREST EXPENSE…

Q: The 2023 annual report for Pronghorn Industries Inc. contained the following information:…

A: Return on assets is calculated by multiplying profit margin and asset turnover ratio. Profit margin…

Q: Laflamme Inc. had the following operating results for 2018: sales $30,660, cost of goods sold =…

Question

Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities
for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025?
O 15.10 %
O 18.43%
O 6.52%
O 11.66%

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduce Return on Assets

VIEW

Step 2: Return on Total Assets

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

The balance sheet of Mi-T-M reports total assets of $400,000 and $450,000 at the beginning and end of the year, respectively. The return on assets for the year is 10%. What is Mi-T-M's net income for the year? A. $42,500 B. $85,000 C. $45,000 D. $4,250,000
Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $ 3,900.0 $ 3,000.0 Operating costs excluding depreciation and amortization 2,925.0 2,550.0 EBITDA $ 975.0 $ 450.0 Depreciation and amortization 90.0 69.0 Earnings before interest and taxes (EBIT) $ 885.0 $ 381.0 Interest 86.0 66.0 Earnings before taxes (EBT) $ 799.0 $ 315.0 Taxes (40%) 319.6 126.0 Net income $ 479.4 $ 189.0 Common dividends $ 431.0 $ 151.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash and equivalents $ 38.0 $ 30.0 Accounts receivable 432.0 360.0 Inventories 819.0 630.0 Total current assets $ 1,289.0 $ 1,020.0 Net plant and equipment 897.0 690.0 Total assets $ 2,186.0 $ 1,710.0 Liabilities and Equity…
You have just obtained financial information for the past 2 years for Treet Corporation. Treet Corporation Income Statements For Year Ending December 31 (Millions Of Dollars) 2012 2011 Sales 3,000.00 3,500.00 Operating costs (excluding depreciation and amortization) 2,500.00 3,100.00 EBITDA 500.00 400.00 Depreciation and amortization 90.00 75.00 Earnings before interest and taxes 410.00 325.00 Interest 70.00 60.00 Earnings before taxes 340.00 265.00 Taxes (40%) 136.00 126.00 Net income available to common stockholders 204.00 139.00 Common dividends 180.00 13.20 Treet Corporation Balance Sheets As at December 31 (Millions Of Dollars) 2012 2013 Assets: Cash and marketable securities 120.00 30.00 Accounts receivable 540.00 400.00 Inventories 540.00 620.00…
Home depot entered fiscal 2017 with a total capitalization of $21,940 million. In 2017 debt investors received interest income of $889 million. Net income to shareholders was $8690 million (assume a tax rate of 21%) calculate the economic value added assuming its cost of capital is 10%
Lancer Company's preliminary income statement for 2021 and its reported income statement for 2020 are given below. 2021 2020 1,350,000 (648,0001 702,000 (172,500) (162.000 367.500 Sales Revenues 1,320,000 (630.000 690,000 Cost of Goods Sold Gross Profit Depreciation Other Expenses (172,500) (153.000 364.500 Net Income Lancer's records reveal the following information: (1) Lancer neglected to record S8,000 of supplies expense at the end of 2020, so the supplies inventory was overstated at the end of 2020. Consequently, the supplies expense computed for 2021 included the additional amount of supplies used in 2020. (2) On 1/1/19, Lancer purchased a machine for $120,000. Although the machine was expected to have an eight-year life, it was erroneously expensed in recording the purchase. The appropriate depreciation method for this machine is double-declining-balance with no residual. (3) At the end of 2021, Lancer decided to change its inventory costing method from the FIFO costing method…
K McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement: Year Ended December 31, 2024 Net income Income tax expense Interest expense $ 22,950 6,600 3,000 What was McDaniel's times-interest-earned ratio for 2024? OA. 7.65 OB. 10.85 OC. 9.85 OD. 8.65 point(s) possible ...
In a recent year, Cullumber Corporation had net income of $746000, interest expense of $146000, and a times interest earned ratio of 9. What was Cullumber Corporation's income before taxes for the year? Select answer from the options below $1168000 $943111 $1460000 $1314000
16. In December 2020, Remal Co. had AED 200 million debt, AED 40 million in operating income, interest expense AED 4 million, AED 450 million in total assests and tax rate 35 percent. The ROA ratio is: ROA= Net Income + Interest exp Total assets.
Krogen Grocer’s 2016 financial statements show net income of $1,680 million, sales of $153,466 million, and average total assets of $46,350 million.How much is Krogen Grocer’s return on sales for the year? Question 22 options: A) 1.09% B) 30.20% C) 3.62% D) 6.42%
Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.00 billion, ending total assets of $31.00 billion, net sales of $22.20 billion, and net income of $4.26 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times
Suppose in its 2027 annual report that McDonald's Corporation reports beginning total assets of $20.80 billion, ending total assets of $19.20 billion, net sales of $21.80 billion, and net income of $4.10 billion. (a) Compute McDonald's return on assets. (Round return on assets to one decimal place, e.g. 5.1%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times
The balance sheet of Hidden Valley Farms reports total assets of $900,000 and $1,010,000 at the beginning and end of the year, respectively. The return on assets for the year is 10%. What is Hidden Valley's net income for the year? Multiple Choice $10,100,000. $9,550,000. $95,500. $101,000.