Exercise 13-10 (Algo) Part 3 [Alternate Version](3-a) Compute return on total assets for the current year and one year ago.(3-4) Based on return on ta ta accate, did Simon's operating officiency improve or worsen in the Current Year versus 1 Year Age?Complete this question by entering your answers in the tabs below.Required 3A Required 3BCompute return on total assets for the current year and one year ago.Current Year:1 Year Ago:Numerator:Return On Total Assets111/< Required 3ADenominator:====Required 3B >Return On Total AssetsReturn on total assets0 %0% Simon Company's year-end balance sheets follow.At December 31AssetsCashAccounts receivable, netMerchandise inventoryPrepaid expensesPlant assets, netTotal assetsLiabilities and EquityAccounts payable.Long-term notes payableCommon stock, $10 par valueRetained earningsTotal liabilities and equityCurrent Year$ 30,80089,600110,00010,400281,000$ 521,800Interest expenseIncome tax expenseTotal costs and expensesNet incomeEarnings per share1 Year Ago$ 128,800$ 75,75099,00095,500162,000135,500162,000106,650$ 521,800 $ 443,400Current Year$ 36,00063,00083,6009,300251,500$ 443,400$ 421,850221,65012,1009,400The company's income statements for the Current Year and 1 Year Ago, follow.For Year Ended December 31SalesCost of goods soldOther operating expenses$ 715,000665,000$ 50,000$3.092 Years Ago$ 38,40049,50053,5004,300235,000$ 380,700For both the Current Year and 1 Year Ago, compute the following ratios:$ 51,00080, 200162,00087,500$ 380,7001 Year Ago$ 378, 200146,40012,5008,900$ 610,000546,000$ 64,000$3.95

Return on total assets ratio indicates company ability to generate earning using the average…

Exercise 13-10 (Algo) Part 3 [Alternate Version] (3-a) Compute return on total assets for the current year and one year ago. (3-1) Based on return on tfarreate, and Simary's operating efficiency improve or worsen in the Current Year versus 1 Year Age? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Return On Total Assets I < Required 3A Denominator: = Return On Total Assets Return on total assets 0 % 0% = = Required 3B >

Exercise 13-10 (Algo) Part 3 [Alternate Version] (3-a) Compute return on total assets for the current year and one year ago. (3-1) Based on return on tfarreate, and Simary's operating efficiency improve or worsen in the Current Year versus 1 Year Age? Complete this question by entering your answers in the tabs below. Required 3A Required 3B Compute return on total assets for the current year and one year ago. Current Year: 1 Year Ago: Numerator: Return On Total Assets I < Required 3A Denominator: = Return On Total Assets Return on total assets 0 % 0% = = Required 3B >

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The Food division of Garcia Company reports the following for the current year. Sales Cost of goods sold Gross profit Expenses Income $ 4,480,000 2,960,000 1,520,000 1,400,000 $ 120,000 Garcia wants to achieve at least a 10% profit margin next year. Two alternative strategies are proposed. Strategy 1: Increase advertising expenses by $225,000. The company expects this to increase sales by $760,000. Cost of goods sold will not change. Strategy 2: Develop a more efficient manufacturing process. This will decrease cost of goods sold by $238,400. a. For each strategy, compute the profit margin expected for next year. b. Which strategy should Garcia choose based on expected profit margin?
Please give me the correct answer and solution pls. 10. The current assets of Domino's Gift shop by month for the last year are P500, P400, P300, P400, P500, P550, P600, P650, P700, P800, P950, P1,100. The amount of permanent current assets is a. 500 b. 400 c. 300 d. 1,100
Question 3. Analysis Analyze whether Nike should go ahead with this project. You must provide an explanation and interpretation of your results. Depreciation table Year 1 2 3 4 5 6 7 8 Data for time series regression (question 1) Depreciation % 14.29% 24.49% 17.49% 12.49% 8.93% 8.92% 8.93% 4.46% Unit sales 80,000,000 90,000,000 90,000,000 90,000,000 100,000,000 100,000,000 120,000,000 120,000,000 140,000,000 150,000,000 150,000,000 180,000,000 Year 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
27 The following balances were extracted from the books of AL Masa Cleaning Services at 31st December, 2020: Cash BD13900 Accounts Receivable BD2000 - Equipment BD6000 Prepaid Rent BD4000 Accounts Payable BD14000 - Beginning Capital BD16000 Investment during the year BD3200 Withdrawals BD800 Service Revenues BD8300 - Wages Expense BD600 - Utilities Expense BD2500 Supplies Expense BD1100 - Rent Expense BD3300 Fees Income BD2700- Furniture BD10000 Required: Compute ending capital on Dec 31 2020 and show solution steps. *
25 The following balances were extracted from the books of AL Masa Cleaning Services at 31st December, 2020: Cash BD13900 - Accounts Receivable - BD2000 Equipment BD6000 Prepaid Rent BD4000 - Accounts Payable BD14000 - Beginning Capital BD16000 Investment during the year BD3200 Withdrawals BD800 Service Revenues BD8300 - Wages Expense BD600 - Utilities Expense BD2500 Supplies Expense BD1100 - Rent Expense BD3300 Fees Income BD2700 - Furniture BD10000 - Use the previous information to question 25 to question 28: Required: Compute the amount and show solution steps of: 1- Total Revenues 2- Total Expenses *
Remaining Time: 42 minutes, 56 seconds. Question Completion Status: A Moving to another question will save this response. Question 4 Comprehensive income consists of O operating income + other income and losses O net income + other adjustments to retained earnings O net income + other comprehensive income O other comprehensive income + unrealized changes in the value of available-for-sale securities A Moving to another question will save this response. 4) all EN SRS(O PREMIUM SOUND EGO www GO
Question Content Area What type of analysis is indicated by the following? Increase (Decrease) Current Year Preceding Year Amount Percent Current assets $430,000 $500,000 $(70,000) (14%) Fixed assets 1,740,000 1,500,000 240,000 16 a.vertical analysis b.liquidity analysis c.horizontal analysis d.common-size analysis
Question 8 Over the first 9 months of 2021, FNBA performed extremely well versus BAA regarding Yield on earning assets O Non-interest income Cost of funding earning assets
Saved Help Save & Exit Submit Check my work switch at any point to straight-line. Now what is the present value of the depreciation tax shields? (Enter your answers in millions rounded to 1 decimal place.) Double decline Schedule Year 1 Year 2 Year Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year Start of Year Book Value 11.4 $ 9.1 $ %24 7.3 $ 5.8 4.7 $ 3.7 3.0 2.2 $ 1.5 $ Depreciation 2.3 1.8 $ 1.5 $ 1.2 $ 0.9 $ 0.7 0.7 0.7 $ 0.7 $ Tax Shields at 35% Tc $0.8 0.6 $ 0.5 0.4 0.3 $ 0.3 $ %24 0.3 $ %24 0.3 0.3 $ PV (Tax Shields) at 10% $ 0.7 0.5 0.4 0.3 $ 0.2 0.1 $ 0.1 $ 0.1 0.1 $ c. What would be the present value of the tax shield if the government allowed Sudbury to write-off the factory immediately? (Enter your answer in millions rounded to 1 decimal place.) Percent value of depreciation tax shields Next %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24 %24
28 The following balances were extracted from the books of AL Masa Cleaning Services at 31st December, 2020: Cash BD13900 Accounts - Receivable BD2000 Equipment BD6000 Accounts Prepaid Rent BD4000 - Payable BD14000 - Beginning Capital BD16000 Investment during the year BD3200 Withdrawals BD800 Service Revenues BD8300 - Wages Expense BD600 - Utilities Expense BD2500 Supplies Expense BD1100 - Rent Expense BD3300 Fees Income BD2700- Furniture BD10000. Required: compute the amount and show solution steps of: 1- Total current assets. 2- Total fixed assets. *
QUESTION 1.4 I could only attach 2 pictures, the last picture has only 1 column "Cash and cash equivalent at the end of the year R36000" Question: Explain why depreciation is added to the operating profit
Problem 2 ABM Enterprise would like to evaluate/analyze an investment proposal. Given the following: Investment amount 450,000 (2022) Dividends / Revenue stream - 100,000 for the first year and an interval of 5,000 for the succeeding years Discount rate - 14% a. NPV for the perio 2023 through 2029; b. Total NPV using manual computation; c. Total NPV using the Excel function; and d. IRR rate.