Evergreen Industries reported net income of $245 million and average invested assets of $2,800 million. Calculate Evergreen's return on assets.
Q: I need answer of this accounting questions
A: The PEG ratio (Price/Earnings to Growth ratio) is calculated using the formula: PEG Ratio = (P/E…
Q: Wyly Inc. produces and sells a single product. The selling price of the product is $170.00 per unit,…
A: To calculate the break-even sales in dollars, we use the following formula: Break-even Sales…
Q: Financial accounting 66.32.7
A: Explanation of Joint CostsJoint costs are the costs incurred in the production process of two or…
Q: What will it's net income be?
A: Step 1: Define Net incomeNet income is the amount left after taxation, medical insurance, and…
Q: general account
A: Separate the variable and fixed component of the cost of good sold. Variable cost of goods sold =…
Q: Parker manufacturing estimated solve this accounting questions
A: Step 1: Definition of Overapplied and Underapplied OverheadOverapplied Overhead: Occurs when the…
Q: Please provide this question solution general accounting
A: Step 1:First, calculate the interest amount: Interest = Face value of note * Rate of interest *…
Q: Use absorption costing
A: Explanation of Variable Manufacturing Cost: Variable manufacturing cost represents the combination…
Q: If the standard quantity of materials is 83,800 units at $0.14 per unit and the actual quantity is…
A: To record the cost of materials used, we will calculate the standard cost and the actual cost, then…
Q: Need help with this accounting questions
A: Step 1: Definition of Cost of Merchandise Sold (COMS)The cost of merchandise sold (COMS) is the…
Q: Don't use ai given answer accounting questions
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: Select correct answer for this Question☑
A: The image you sent contains a multiple-choice accounting question. The question asks about the…
Q: What was the cash balance on November 1?
A: Explanation of Cash Receipts:Cash receipts refer to the total amount of money received by a company…
Q: Need help with this accounting questions
A: Step 1:First calculate the gross profit: Gross profit = Net sales - Cost of goods sold…
Q: The gross profit percentage would be?
A: The formula for Gross Profit Percentage is:Gross Profit Percentage=Gross Profit/Sales×100 Step 1:…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Total Asset Turnover RatioThe Total Asset Turnover Ratio measures how…
Q: Solve ths quation Accounting question
A: Step 1: Define Accounts ReceivableWhen a company makes credit sales, it debits the accounts…
Q: Hello teacher please help me with general accounting question
A: Step 1: Definitions of Key MetricsReceivables Turnover: This metric measures how many times a…
Q: I want to correct answer general accounting
A: Step 1: Definition of Weeks of SupplyWeeks of Supply: This metric measures how many weeks a…
Q: Parker manufacturing company produces
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is calculated…
Q: I don't need ai answer general accounting
A: Step 1: Define Return On AssetsReturn on assets is a financial ratio that indicates the…
Q: Y Company purchased an asset for $73,000 on January 1, Year 1. The asset was expected to have a…
A: Step 1:First, calculate the rate of depreciation under the double declining balance method:…
Q: General Account Subject Questions Answer it
A: Step 1: Key InformationSalary: $80,000.Gain on §1244 Stock: $20,000 (acquired two years earlier;…
Q: Hi expert provide correct answer general accounting
A: To calculate the accrued interest, we use the formula for simple interest: Interest = Principal ×…
Q: subject: general accounting
A: Step 1:Opportunity cost refers to the value of the next best alternative that must be forgone when…
Q: I need this question answer general Accounting
A: Step 1: Define Receivables TurnoverThe receivables turnover is the ratio of the credit sales…
Q: General accounting
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: Don't Use AI
A: Explanation of Lease Liability:Lease liability represents the obligation of the lessee to make lease…
Q: None
A:
Q: Note: Option A is incorrect. Please give correct option
A: To determine the correct answer, we can analyze the data provided:Service revenue: $23,000Variable…
Q: MID Company had originally expected to earn operating income of $130,000 in the coming year. MID's…
A: Explanation of Operating Income: This represents a company's profit after deducting operating…
Q: I don't need ai answer accounting questions
A: Let's calculate step by step. 1. Gross PayThe employee earns $6,500 per month. 2. FICA Taxes (Social…
Q: What was the company's gross profit margin percentage?
A: Step 1: Define Gross ProfitGross profit is a financial matrix that refers to the total amount of…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Present ValueThe present value (PV) is the current worth of a future amount of…
Q: After the accounts are adjusted and closed at the end of the year, accounts receivable have a final…
A: To calculate the net realizable value of accounts receivable, subtract the estimated doubtful…
Q: Please need answer the financial accounting question not use ai
A: To calculate earnings per share (EPS), we use the formula: EPS = Net Income ÷ Weighted Average…
Q: Please see the table for more details
A: COGS represents the direct costs of producing or purchasing the goods that a company sells during a…
Q: What is the economic order quantity?
A: Step 1:Economic Order Quantity (EOQ) is a formula used in inventory management to determine the…
Q: Which of the following is a temporary difference classified as a revenue or gain that is taxable…
A: The correct answer is:d) Sales accounted for on the accrual basis for financial reporting purposes…
Q: I need answer of this accounting questions
A: Step 1: Definition of High-Low MethodThe high-low method is a technique used to separate fixed and…
Q: Need help with this accounting questions
A: Calculation for Adjusted book balance: Balance as per our Cash Account:Book balance = $7,800Add the…
Q: A company repots the following information for its solve this accounting questions
A: Explanation of Variable Costing:Variable costing is a method of accounting where only variable…
Q: Need help with this accounting question
A: To determine which loan is better, we need to compare the Effective Annual Rate (EAR) for both…
Q: I won't to this question answer general accounting
A: Step 1: Define DividendsDividends are the proportion of earnings that are distributed by the…
Q: Please see attachment for details
A: Explanation of Beginning Inventory: Beginning inventory represents the number of units on hand at…
Q: Please provide this question solution general accounting
A: To calculate the warehouse cost allocated to Product Y based on material receipts, we need to…
Q: Provide correct answer general Accounting
A: To calculate the balance in the cash account, we subtract the total of the credit entries from the…
Q: Get correct answer general accounting
A: Step 1:Calculate total costStep 2:Calculate unit cost
Q: Provide correct answer general accounting
A: Step 1: Define Accrued ExpensesAccrued expenses are accounted for using adjusting entries at the end…
Q: Subject = General Account
A: Step 1: Provided DataProductTotal Cost ($)Total NRV…
I need answer of this question solution general accounting
Step by step
Solved in 2 steps
- From the following information for BlueInks Corporation, compute the rate of return on assets. Hint: The numerator is income before interest expense and taxes. Net income $40,878 Total assets at beginning of year $250,100 Total assets at end of year $158,680 a. 15% b. 25% c. 16% d. 20%Additionally, the company informed the following: Net income = $156,042 Sales = $4,063,589 Determine the following values for the company: Total asset turnover ratio _____________ Fixed asset turnover ratio _____________The following information is from Lacy's Inc. $ millions Prior Fiscal Year Current Fiscal Year Net Year-End Assets Revenue Income $21,330 14,403 $18,955 $1,070 a. Compute the asset turnover ratio for the current fiscal year. b. Compute the return on assets ratio for the current fiscal year. Numerator a. Asset Turnover Ratio $ Check b. Return on Assets Ratio $ Numerator Denominator / $ Denominator / $ || Result Result
- Determine the ratio of net sales to assetsROA-FINANCIAL ACCOUNTINGthe income statement of x ltd for the year ended was as follows: net sales 4032000, cost of sales 3168000, depreciation 96000, salaries and wages 384000, opex 128000, provision for taxation 140800, net operating profit 11520. compute net profit before working capital changes
- Comparative data from the statement of financial position of Munchies Ltd. are shown below. Current assets Property, plant, and equipment Goodwill Total assets Current assets Property, plant, and equipment Total assets 2021 $1,519,000 2021 3,114.000 $4.730,000 % %6 97,000 2020 $1,164.000 2,827,000 107,000 $4,098,000 Using horizontal analysis, calculate the percentage of the base-year amount, using 2019 as the base year. (Round answers to 1 decimal place, e.g. 52.7%) 2020 2019 % $1,227,000 2.871,000 -0- $4,098,000 2019The following information was reported by Amuse Yourself Parks (AYP): Net fixed assets (beginning of year) Net Fixed assets (end of year) Net sales for the year Net income for the year Required: Compute the company's fixed asset turnover ratio for the year. Numerator Denominator Fixed Asset Turnover Ratio 11 $ 8,490,000 8,290,000 4,111,100 1,930,000 "1EX.17-184.ALGO A company reports the following: Sales Average total assets (excluding long-term investments) Determine the asset turnover ratio. Round your answer to one decimal place. I $7,635,340 1,075,400
- What is the return on assets on these general accounting question?The following are financial data taken from the annual report of Foundotos Company: Year 2 $134,448 51,981 37,154 57,504 Net sales Gross property, plant and equipment Accumulated depreciation Intangible assets (net) A. Calculate the following ratios for Year 1 and Year 2: 1. Fixed asset turnover 2. Accumulated depreciation divided-by-gross fixed assets B. What do the trends in these ratios reveal about Foundotos? Year 1 $130,060 47,744 34,180 36,276Is the working capital $203,454, $1,026,172 or $137,053?