Do not give answer in image Office expenseOther comprehensive income-holding loss on equity investment(before income tax)Retained earnings-January 1, 2024Sales12,3206,048$1,460,27139,249SUNLAND PAINTS LTD.Statement of Comprehensive Income873,600$1,460,271Prepare a statement of comprehensive income using the all-inclusive format. Use a multi-step format for the profit or loss section.(Ignore earnings per share.) CashCash dividends-commonCommon shares (20,160 issued)Contributed surplus-reacquisition of common sharesCost of goods soldDepreciation expenseDividends payableEquipmentGain on sale of equipmentIncome tax expenseIncome tax payableInterest expenseMerchandise inventoryOffice expenseCurrent Attempt in ProgressAccounts payableAccounts receivableSUNLAND PAINTS LTD.Adjusted Trial BalanceDecember 31, 2024Accumulated depreciation-buildingAccumulated depreciation-equipmentAccumulated other comprehensive income (loss)-January 1, 2024Advertising expenseBuildingCash201,600Debit16,800461,44032,480106,400476,00093,475$39,70012,320The adjusted trial balance for Sunland Paints Ltd. at December 31, 2024, is presented below. Sunland's income tax rate is 25% andjournal entries for income tax expense have not yet been prepared. There were no common share transactions during the year.008,8005,208201,600285,600Credit$61,174162,9608,40027,2161,1209520

Statement of comprehensive income :Statement of comprehensive income refers to the statement which…

Current Attempt in Progress The adjusted trial balance for Sunland Paints Ltd. at December 31, 2024, is presented below. Sunland's income tax rate is 25% and journal entries for income tax expense have not yet been prepared. There were no common share transactions during the year. Accounts payable Accounts receivable SUNLAND PAINTS LTD. Adjusted Trial Balance December 31, 2024 Accumulated depreciation-building Accumulated depreciation-equipment Accumulated other comprehensive income (loss)-January 1, 2024 Advertising expense Building Cash Debit $39,700 0 8,800 476,000 201,600 Credit $61,174 162,960 27,216

Current Attempt in Progress The adjusted trial balance for Sunland Paints Ltd. at December 31, 2024, is presented below. Sunland's income tax rate is 25% and journal entries for income tax expense have not yet been prepared. There were no common share transactions during the year. Accounts payable Accounts receivable SUNLAND PAINTS LTD. Adjusted Trial Balance December 31, 2024 Accumulated depreciation-building Accumulated depreciation-equipment Accumulated other comprehensive income (loss)-January 1, 2024 Advertising expense Building Cash Debit $39,700 0 8,800 476,000 201,600 Credit $61,174 162,960 27,216

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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Current assets: Cash and marketable securities Accounts receivable. Inventory. Total Assets Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses. Less: Common stock dividends Addition to retained earnings. Per (common) share data: Earnings per share (EPS) Dividends per share (DPS) Net income Less: Preferred stock dividends Net income available to common stockholders Book value per share (BVPS) Market value (price) per share (MVPS) Cash flows from operating activities Net income Additions (sources of cash): Depreciation and amortization Increase in accrued wages and taxes Increase in accounts payable Subtractions (uses of cash): Increase in inventory Increase in accounts receivable Net cash flow from operating activities Cash flows from investing activities Subtractions: VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of…
+ INCOME STATEMENT sales cost of goods sold gross gofit selling and administrative expenses amortization expenses operating expenses interest expenses earnings before taxes taxes earnings after taxes Brefered stock dividends earning available to common shareholder shares outstanding earnings per share Retained earnings balance, January 1, 20xx Add; earnings available to common $ en shareholders 20xx Deduct: cash dividends declared and paid in 20xx retained earnings balance, December 31, 20xx 4700000 2925000 1775000 630000 290000 855000 52,000 803000 390000 413000 STATEMENT OF RETAINED EARNINGS FO THE YEAR ENDED DECEMBER 31, 2003 50000 363000 226875 1.6 880000 363000 200000 1043000
Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total Total assets Net sales (all credit) Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 2821 $ 75 115 200 $390 ROA ROE $580 110 $470 50 $520 $910 Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: 96 96 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 2020 $ 65 110 198 $365 DuPont Analysis times times $471 100 $371 LAK OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020…
Retained profit from the statement of comprehensive income is________. Select one: a. subtracted from reserves in the statement of financial position b. added to reserves in the statement of financial position c. carried forward to form part of the trading profit for the next year d. shown as an asset in the statement of financial position
Calculate the following ratios based on the balance sheet, income statement and cash flow prepared in question ROE Return on Capital Employed (post-tax) Net Profit Margin EBITDA Margin Effective Tax Rate Operating Cost Ratio Gross Profit Margin Total Asset Turnover Ratio Fixed Asset Turnover Ratio Receivables Turnover Ratio Leverage Ratio [Avg. Total Assets / Avg. Total Equity] FCF / EBITDA Interest Coverage Ratio Debt Service Coverage Ratio Basic EPS (Assume Face Value of each share is INR 10) Debt : Equity Ratio Income Statement (INR Cr) Units Mar/14 Saleable Units 4,570 Revenues Gross Revenues INR Cr 2,116 Less: Environment Cess INR Cr 5 Net Revenues INR Cr 2,121 Growth (%) -1.9% Expenses O&M Expenses (% of Project Costs) INR Cr 146 YoY Escalation 5.72% EBITDA INR Cr 1,974 Margin (%) 93.1% Book Depreciation INR Cr 439 Interest Expenses INR…
Revenue Cost of goods sold Interest expense Income tax expense Net income Current assets (ending balance) Long-term assets (ending balance) Total assets (ending balance) Current liabilities (ending balance) Long-term liabilities (ending balance) Total liabilities (ending balance) Preferred dividends Total stockholders' equity (ending balance) Total outstanding shares Market price of shares Average inventory Average assets (excluding long-term investments) Average total assets Average total stockholders' equity Question 6 2021 2020 2019 2018 2017 10,901,977.24 7,508,199.16 5,727,216.00 3,941,696.00 3,011,800.00 2,061,536.40 1,374,357.60 1,025,640.00 683,760.00 518,000.00 1,052,060.00 891,576.00 768,600.00 610,000.00 500,000.00 1,225,572.00 845,222.00 640,320.00 441,600.00 320,000.00 5,571,720.00 3,714,480.00 2,772,000.00 1,848,000.00 1,400,000.00 11,751,396.40 9,039,535.60 68,480,133.20 5,035,392.00 4,060,800.00 6,091,200.00 17,627,094.60 13,559,303.40 102,720,199.80 7,553,088.00…
III. The following changes in the statement of financial position accounts of BC were gathered for preparation of Statement on Cash Flow: Cash Short-term investment Accounts receivable Inventory Noncurrent investment Equipment Accumulated depreciation - increase Accounts payable Dividends payable Short-term notes, non-trade Long-term debts Ordinary share, P10 par Share premium (APIC) Accumulated profits Increase (Decrease) 270,000 200,000 (20,000) 100,000 (100,000) 700,000 50,000 (5,000) 160,000 300,000 130,000 150,000 75,000 290,000 The following additional information relates to the same year: a. Net income was P1,090,000. b. Cash dividend declared was P800,000. c. Equipment costing P600,000 and having carrying cost of P350,000 was sold for P350,000. Required: Determine the following: 1. Total net cash flow 2. Net cash flow from operating 3. Net cash flow from investing 4. Net cash flow from financing
Cash Accounts receivable Inventory Plant and equipment, net Investment in Brier Company Land (undeveloped) Total assets Liabilities and shareholders' equity Accounts payable. Long-term debt Shareholders' equity Total liabilities and shareholders' equity Sales Operating expenses Operating income Interest and taxes: Interest expense Tax expense Net income BRIDGER INC. Income-Statement Margin Tumover ROI $ 90,000 85,000 15.00 % 1.05 15.75% $2,090,000 1,776,500 313,500 175,000 $ 138,500 4 $ 150,000 $ 145,000 500,000 360,000 510,000 590,000 840,000 865,000 450,000 420,000 270,000 270,000 $2,720,000 $2,650,000 The company paid dividends of $85,000 last year. The "Investment in Brier Company" on the balance sheet represents an investment in the common shares of another company. $ 340,000 1,000,000 1,380,000 $2,720,000 $2,650,000 Required: 1. Compute the company's margin, turnover, and ROI for last year. (Do not round intermediate calculations. Round your answer to 2 decimal place.) $ 380,000…
Cullumber Corporation reported the following information for 2021: Sales revenue Cost of goods sold Operating expenses Unrealized holding gain on available-for-sale securities Cash dividends received on the securities $1034000 For 2021, Cullumber would report comprehensive income of $241956. $237820. $200596. O $41360. 723800 113740 41360 4136
Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventory Total current assets Investments Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued taxes Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Preferred stock, $ 50 par value Common stock, $ 1 par value Capital paid in excess of par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 611,000 272,000 $ 52,500 22,500 178,000 290,000 $ 543,000 66,200 339,000 $948,200 $ 95,100 78,700 12,000 $ 185,800 159,400 $ 345,200 $ 100,000 80,000 190,000 233,000 $ 603,000 $948,200
InThousands of USD except Per Share Revenue Transportation revenue Warehousing revenue Expenses Selling & Marketing General and Administrative Other operating expense Operating Income (Loss) Interest and dividend (income) NB: Think about your signs! Interst expense Income (Loss) before tax Tax expense Net Income, GAAP 2017 46 512,50 44 582,50 1 930,00 3 000,00 10 000,00 772,50 32 740,00 (75,00) 1 125,00 31 690,00 8 239,40 23 450,60 2018 49 120,00 46 195,00 2 925,00 3 250,00 10 500,00 1 390,00 33 980,00 (125,00) 1 200,00 32 905,00 8 884,35 24 020,65 2019 51 062,50 46 912,50 4 150,00 3 625,00 10 750,00 405,00 36 282,50 (115,00) 1 625,00 34 772,50 8 693,13 26 079,38
vas.msst Net sales Operating costs except depreciation Depreciation Earnings before interest and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends (millions of $) Int rate on notes payable & L-T bonds Federal plus state income tax rate Year-end stock price $98,000 91.140 1,960 $4,900 960 $3,940 1,576 $2,364 500.00 $827.40 6% 40% $56.74 Refer to Exhibit 4.1. What is the firm's ROA? Do not round your intermediate calculations,