Fay-Mart reported a net income of $19,500 for the previous year. At the beginning of the year, the company had $300,000 in assets. By the end of the year, assets had increased by $100,000. Calculate the return on assets.
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- Flitter reported net income of $23,500 for the past year. At the beginning of the year the company had $212,000 in assets and $62,000 in liabilities. By year end, assets had increased to $312,000 and liabilities were $87,000. Calculate its return on assets: Multiple Choice 11.1%. 9.0%. 7.5%. 35.7%. 26.0%.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.ABC industries had the following operating results for last year: sales = $28,900; cost of goods sold = $24,600; depreciation expense = $1,700; interest expense = $1,400; dividends paid = $1,000. At the beginning of the year, net fixed assets were $14,300, current assets were $8,700, and current liabilities were $6,600. At the end of the year, net fixed assets were $23,900, current assets were $9,200, and current liabilities were $7,400. The tax rate for last year was 34 percent. Assume there is no short term investments and notes payable. What was the free cash flow for last year? $7584 $2610 O- $7584 - $2610
- Peyton’s Palace has net income of $15 million on sales revenue of $130 million. Total assets were $96 million at the beginning of the year and $104 million at the end of the year. Calculate Peyton’s return on assets, profit margin, and asset turnover ratios.Medium Manufacturers, Inc. (MMI) has the following items on its Income Statement for last year: Sales of $459,500, Cost of Goods Sold of $325,789, Cash Operating Expenses of $45,795, Depreciation Expense of $33,595, Interest Expense of $8,796, and a Marginal Tax Rate of 25%. Medium Manufacturers, Inc. (MMI) has the following items on its Balance Sheet for last year: Cash of $16,495, Accounts Receivable of $49,786, Inventory of $54,997, Short Term Investments of $85,039, Gross Fixed Assets of $429,750, Accumulated Depreciation of $95,847, Accounts Payable of $39,875, Accrued Expenses of $5,496, Short Term Notes Payable of $17,950, Long Term Debt of $105,345, Common Stock of $75,678 with a $1 Par Value, Additional Paid in Capital of $95,876, and Retained Earnings of $200,000. MMI paid Cash Dividends last year of $10,243. 9) What was MMI’s Beginning of Year Retained Earnings Balance last year to the nearest cent?What was the net income for the year?
- Martinez Industries had the following operating results for 2021: Sales = $34,318; Cost of goods sold = $24,212; Depreciation expense = $5,997; Interest expense = $2,710; Dividends paid = $1,996. At the beginning of the year, net fixed assets were $19,940, current assets were $7,054, and current liabilities were $3,992. At the end of the year, net fixed assets were $24,502, current assets were $8,684, and current liabilities were $4,673. The tax rate for 2021 was 22 percent. a. What is net income for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. What is the operating cash flow for 2021? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What is the cash flow from assets for 2021? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-1. If no new debt was issued…Martinez Industries had the following operating results for 2021: Sales = $34,318; Cost of goods sold = $24,212; Depreciation expense = $5,997; Interest expense = $2,710; Dividends paid = $1,996. At the beginning of the year, net fixed assets were $19,940, current assets were $7,054, and current liabilities were $3,992. At the end of the year, net fixed assets were $24,502, current assets were $8,684, and current liabilities were $4,673. The tax rate was 22 percent. a. What is net income for 2021? b. What is the operating cash flow for 2021? ( c. What is the cash flow from assets for 2021? d-1. If no new debt was issued during the year, what is the cash flow to creditors? ( d-2. If no new debt was issued during the year, what is the cash flow to stockholders?The financial statement of Minnesota Mining and Manufacturing Company ( 3M ), report net sales of $20.0 billion. Accounts receivable (net) are $2.7 billion at the beginning of the year and $2.8 billion at the end of the year. Compute 3M's account receivable turnover. Compute 3M's average collection period for accounts receivable in days.