Need answer please provide in table format Danner Corporation and London Corporation, two companies ofroughly the same size, are both involved in the manufacture of shoe-tracing devices Each company depreciates its plant assets using thestraight-line approach. An investigation of their financial statementsreveals the information shown below.Net incomeSales revenueTotal assets (average)Plant assets (average)Danner Corp.London Corp.$255,900$331,7001,755,8001,822,2003,457,4003,227,4002,601,6001,896,5000Intangible assets (goodwill) 467,500(a) For each company, calculate these valuesDanner Corp. London Corp.Return on assets. %%Profit margin.%%Asset turnover.timestimes

Step 1: Definition of Return on assets and Profit Margin:Return on assets is calculated as net…

Answered: Danner Corporation and London…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Blue Corporation and Swifty Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. Net income Sales revenue Total assets (average) Plant assets (average) Intangible assets (goodwill) (a) Blue Corp. $245,420 1,753,000 3,506,000 2,880,000 432,100 Swifty Corp. $ 330,600 2,066,250 2,755,000 1,826,000 0 (1) Show Transcribed Text (2) Blue Corporation and Swifty Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. Net income Sales revenue Total assets (average) Plant assets (average) Intangible assets (goodwill) (a) (3) Return on assets Profit margin Asset…
Indigo Corporation and Blue Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. For each company, calculate these values: 1) Return on assets 2) Profit margin 3) Asset turnover
Sheffield Corporation and Flounder Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. Sheffield Flounder Corp. Corp. Net income $ 222,420 $ 235,320 Sales revenue 1,112,100 1,176,600 Total assets (average) 3,370,000 2,612,052 Plant assets (average) 242,000 1,844,000 Intangible assets (goodwill) 460,100 (a) For each company, calculate these values: (Round answers to 3 decimal places, e.g. 6.250% or 17.540.) Sheffield Corp. Flounder Corp. (1) Return on assets (2) Profit margin % (3) Asset turnover times times
Cullumber Mart and Ivanhoe Shop are two companies of roughly the same size both running a chain of convenience stores. Each company depreciates its plant assets using the straight-line method. An investigation of their financial statements reveals the following information: Net income? Sales revenue Total assets (average) Plant assets (average) A. Return on assets Cullumber Mart B. Asset turnover. $166,656 1,139,200 5,555,200 2,112,000 For each company, calculate: (Round answers to 2 decimal places, e.g. 52.75) Cullumber Mart Ivanhoe Shop $169,360 1,408,000 7,027,200 2,432,000 Ivanhoe Shop
Carla Vista Mart and Sandhill Shop are two companies of roughly the same size both running a chain of convenience stores. Each company depreciates its plant assets using the straight-line method. An investigation of their financial statements reveals the following information: Net income Sales revenue Total assets (average) Plant assets (average) A. Return on assets Carla Vista Mart B. Asset turnover $124,992 854,400 4,166,400 1,584,000 Sandhill Shop Carla Vista Mart $126,490 For each company, calculate: (Round answers to 2 decimal places, e.g. 52.75.) 1,056,000 5,270,400 1,824,000 % Sandhill Shop %
Sarasota Corporation and Marigold Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the following information. Net income Sales revenue Total assets (average) Plant assets (average) Intangible assets (goodwill) (a) (1) (2) (3) Return on assets Profit margin Asset turnover Sarasota Corp. $ 237,540 Save for Later 1,187,700 3,210,000 2,430,000 387,100 For each company, calculate these values: (Round answers to 2 decimal places, e.g. 6.25% or 17.54.) Marigold Corp. $316,050 Sarasota Corp. 1,264,200 3,010,000 1,828,000 do % do % 0 times Marigold Corp. % do % times Attempts: 0 of 3 used Submit Answer
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The financial statements of Columbia Sportswear Company are presented in Appendix B. Click here to view Appendix B. The financial statements of Under Armour, Inc. are presented in Appendix C. Click here to view Appendix C. The complete annual report, including the notes to the financial statements, is available at the company's website. (b) What conclusions concerning the management of plant assets can be drawn from these data? 1. 2. 3. Return on assets Profit margin Asset turnover Columbia Sportswear Company 12.0% 9.8% 1.22 times Under Armour, Inc. -1.1% -0.9% 1.26 times
Crane Mart and Cullumber Shop are two companies of roughly the same size both running a chain of convenience stores. Each company depreciates its plant assets using the straight-line method. An investigation of their financial statements reveals the following information: CraneMart CullumberShop Net income $ 164,052 $ 166,020 Sales revenue 1,121,400 1,386,000 Total assets (average) 5,468,400 6,917,400 Plant assets (average) 2,079,000 2,394,000 For each company, calculate: (Round answers to 2 decimal places, e.g. 52.75.) CraneMart CullumberShop A. Return on assets B. Asset turnover
Franklin Corporation operates three investment centers. The following financial statements apply to the investment center named Bowman Division. BOWMAN DIVISION Income Statement For the Year Ended December 31, Year 2 $106,280 59,575 46,705 Sales revenue Cost of goods sold Gross margin Operating expenses Selling expenses Depreciation expense (2,650) (4,015) 40,040 Operating income Nonoperating item ( 4,900) $ 35,140 Loss on sale of land Net income BOWMAN DIVISION Balance Sheet As of December 31, Year 2 Assets Cash $ 12,592 Accounts receivable Merchandise inventory Equipment less accumulated depreciation Nonoperating assets 40,456 37,100 90,358 9,700 Total assets $190,206 Liabilities $ 9,567 Accounts payable Notes payable Stockholders' equity 64,000 78,000 38,639 Common stock Retained earnings Total liabilities and stockholder's equity $190,206

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