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Compute the company's net profit margin ratio for the current year ended December 31. Note: Round your percentage answer to 1 decimal place (i.e., 32.1). Net profit margin ratio % < Required 3 Required 4> Following are selected account balances (in millions of dollars) from a recent UPS annual report, followed by several typical transactions. Assume that the following are account balances on December 31 (end of the prior fiscal year: Account Property, plant, and equipment (net) Retained earnings Accounts payable Prepaid expenses Accrued expenses payable Long-term notes payable Other non-current assets Common stock ($0.01 par value) Balance $14.294 Account Balance Receivables $1-649 10,966 Other current assets 1,297, Cash 899 924 128 Spare parts, supplies, and fuel 436 2110 Other non-current liabilities 1,530 Other current liabilities 2,612 Additional Paid-in Capital 3,350 1,979 667 These accounts are not necessarily in good order and have normal debit or credit balances. (Note: Because these are not all of UPS's accounts, these will not balance in a trial balance.) Assume the following transactions (in millions, except for par value) occurred the next fiscal year beginning January 1 (the current year): a. Provided delivery service to customers, who paid $2.390 in cash and owed $25.504 on account. b. Purchased new equipment costing $5.474; signed a long-term note. c. Paid $8,264 cash to rent equipment and aircraft, with $3.436 for rent this year and the rest for rent next year (a prepaid expense). d. Spent $904 cash to repair facilities and equipment during the year e. Collected $25,485 from customers on account. f. Repaid $170 on a long-term note (ignore interest). g. Issued 200 million additional shares of $0.01 par value stock for $18 (that's $18 million). h. Paid employees $9.776 for work during the year. i. Purchased spare parts, supplies, and fuel for the aircraft and equipment for $7,164 cash. j. Used $6,550 in spare parts, supplies, and fuel for the aircraft and equipment during the year. k. Paid $824 on accounts payable. 1. Ordered $92 in spare parts and supplies.

Compute the company's net profit margin ratio for the current year ended December 31. Note: Round your percentage answer to 1 decimal place (i.e., 32.1). Net profit margin ratio % < Required 3 Required 4> Following are selected account balances (in millions of dollars) from a recent UPS annual report, followed by several typical transactions. Assume that the following are account balances on December 31 (end of the prior fiscal year: Account Property, plant, and equipment (net) Retained earnings Accounts payable Prepaid expenses Accrued expenses payable Long-term notes payable Other non-current assets Common stock ($0.01 par value) Balance $14.294 Account Balance Receivables $1-649 10,966 Other current assets 1,297, Cash 899 924 128 Spare parts, supplies, and fuel 436 2110 Other non-current liabilities 1,530 Other current liabilities 2,612 Additional Paid-in Capital 3,350 1,979 667 These accounts are not necessarily in good order and have normal debit or credit balances. (Note: Because these are not all of UPS's accounts, these will not balance in a trial balance.) Assume the following transactions (in millions, except for par value) occurred the next fiscal year beginning January 1 (the current year): a. Provided delivery service to customers, who paid $2.390 in cash and owed $25.504 on account. b. Purchased new equipment costing $5.474; signed a long-term note. c. Paid $8,264 cash to rent equipment and aircraft, with $3.436 for rent this year and the rest for rent next year (a prepaid expense). d. Spent $904 cash to repair facilities and equipment during the year e. Collected $25,485 from customers on account. f. Repaid $170 on a long-term note (ignore interest). g. Issued 200 million additional shares of $0.01 par value stock for $18 (that's $18 million). h. Paid employees $9.776 for work during the year. i. Purchased spare parts, supplies, and fuel for the aircraft and equipment for $7,164 cash. j. Used $6,550 in spare parts, supplies, and fuel for the aircraft and equipment during the year. k. Paid $824 on accounts payable. 1. Ordered $92 in spare parts and supplies.

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 50E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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Compute the company's net profit margin ratio for the current year ended December 31. Note: Round your percentage answer to 1 decimal place (i.e., 32.1). Net profit margin ratio % < Required 3 Required 4>
Transcribed Image Text:Compute the company's net profit margin ratio for the current year ended December 31. Note: Round your percentage answer to 1 decimal place (i.e., 32.1). Net profit margin ratio % < Required 3 Required 4>
Following are selected account balances (in millions of dollars) from a recent UPS annual report, followed by several typical transactions. Assume that the following are account balances on December 31 (end of the prior fiscal year: Account Property, plant, and equipment (net) Retained earnings Accounts payable Prepaid expenses Accrued expenses payable Long-term notes payable Other non-current assets Common stock ($0.01 par value) Balance $14.294 Account Balance Receivables $1-649 10,966 Other current assets 1,297, Cash 899 924 128 Spare parts, supplies, and fuel 436 2110 Other non-current liabilities 1,530 Other current liabilities 2,612 Additional Paid-in Capital 3,350 1,979 667 These accounts are not necessarily in good order and have normal debit or credit balances. (Note: Because these are not all of UPS's accounts, these will not balance in a trial balance.) Assume the following transactions (in millions, except for par value) occurred the next fiscal year beginning January 1 (the current year): a. Provided delivery service to customers, who paid $2.390 in cash and owed $25.504 on account. b. Purchased new equipment costing $5.474; signed a long-term note. c. Paid $8,264 cash to rent equipment and aircraft, with $3.436 for rent this year and the rest for rent next year (a prepaid expense). d. Spent $904 cash to repair facilities and equipment during the year e. Collected $25,485 from customers on account. f. Repaid $170 on a long-term note (ignore interest). g. Issued 200 million additional shares of $0.01 par value stock for $18 (that's $18 million). h. Paid employees $9.776 for work during the year. i. Purchased spare parts, supplies, and fuel for the aircraft and equipment for $7,164 cash. j. Used $6,550 in spare parts, supplies, and fuel for the aircraft and equipment during the year. k. Paid $824 on accounts payable. 1. Ordered $92 in spare parts and supplies.
Transcribed Image Text:Following are selected account balances (in millions of dollars) from a recent UPS annual report, followed by several typical transactions. Assume that the following are account balances on December 31 (end of the prior fiscal year: Account Property, plant, and equipment (net) Retained earnings Accounts payable Prepaid expenses Accrued expenses payable Long-term notes payable Other non-current assets Common stock ($0.01 par value) Balance $14.294 Account Balance Receivables $1-649 10,966 Other current assets 1,297, Cash 899 924 128 Spare parts, supplies, and fuel 436 2110 Other non-current liabilities 1,530 Other current liabilities 2,612 Additional Paid-in Capital 3,350 1,979 667 These accounts are not necessarily in good order and have normal debit or credit balances. (Note: Because these are not all of UPS's accounts, these will not balance in a trial balance.) Assume the following transactions (in millions, except for par value) occurred the next fiscal year beginning January 1 (the current year): a. Provided delivery service to customers, who paid $2.390 in cash and owed $25.504 on account. b. Purchased new equipment costing $5.474; signed a long-term note. c. Paid $8,264 cash to rent equipment and aircraft, with $3.436 for rent this year and the rest for rent next year (a prepaid expense). d. Spent $904 cash to repair facilities and equipment during the year e. Collected $25,485 from customers on account. f. Repaid $170 on a long-term note (ignore interest). g. Issued 200 million additional shares of $0.01 par value stock for $18 (that's $18 million). h. Paid employees $9.776 for work during the year. i. Purchased spare parts, supplies, and fuel for the aircraft and equipment for $7,164 cash. j. Used $6,550 in spare parts, supplies, and fuel for the aircraft and equipment during the year. k. Paid $824 on accounts payable. 1. Ordered $92 in spare parts and supplies.
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