For the year ended June 30, 2011, Northern Clothing Company has total assets of $87,631,181, ROA of 11.67 percent, ROE of 21.19 percent, and a profit margin of 11.59 percent. What are the company's net income and net sales? Calculate the firm's debt-to-equity ratio.
Q: Account expert solve this
A: Detailed explanation:A. Absorption Costing and Variable Costing Operating IncomeAbsorption Costing…
Q: expert please answer this general account question
A: Step 1: Calculate Taxable IncomeTaxable Income from Operations: $65,000Interest Income: $5,000…
Q: How does stewardship accounting differ from traditional ownership accounting? a) Resource management…
A: Explanation of Stewardship Accounting:Stewardship accounting is centered around the management and…
Q: I want to correct answer general accounting
A: Step 1: Define TurnoverAny turnover ratio requires sales to be used, and we can determine asset…
Q: Under illinois corporation plan of liquidation the solve this question general accounting
A: Step 1: Define Tax ConsequencesAny activity or event that may result in taxes due to the government…
Q: calculate both questions answer. Sub. Account
A: a. Shanna's Deduction for Rent Expenses in 2019 (12-Month Lease)Facts:Rent payment: $8,400 for 12…
Q: Do fast answer accounting questions
A: Step 1: Define Make-or-Buy DecisionThe relevant cost to make a component that a company must compare…
Q: The mocha company has sales solution this question
A: Step 1: Define InvestmentsA company's investments can be classified into short-term and long-term…
Q: I want to correct answer general accounting
A: Step 1: Define Asset TurnoverAsset turnover is calculated to determine if the company is efficiently…
Q: Total Expense?
A: Based on the problem, kids' pool uses $240 worth of chemicalsKids' Pool = $240 The main pool uses…
Q: Can you please give answer the accounting question?
A: Option a: This option is incorrect because it only shows the variable cost. Option b: This option…
Q: ?
A: Explanation of Representational Depth: Representational depth in accounting refers to the level of…
Q: In December 2014, infodeo established its predetermined overhead accounting questions
A: Step 1: Define Manufacturing OverheadTo determine the manufacturing overhead, all the indirect…
Q: posted in general account
A: Step 1: Calculate taxable portion of dividendsThe 70% dividend exclusion means 70% of dividend…
Q: What characterizes the aggregate constraint principle in accounting? a) Resources available limit…
A: Explanation of Aggregate Constraint Principle:The aggregate constraint principle refers to the…
Q: I want to correct answer general accounting
A: Step 1: Average accounts receivable.= (beginning + ending receivables) / 2= (2.8 billion + 3.1…
Q: Provide answer the following requirements
A: Given Information:Demand distribution: D ∼ N(600, 52), where the mean is 600 and the standard…
Q: tell answer for this general account problrms
A: Step 1: Understanding Variable CostingUnder variable costing, the unit product cost includes only…
Q: How does dollar-value LIFO differ from traditional LIFO in accounting records? a) Uses different…
A: Here's why : Dollar-Value LIFO pools inventory items based on their dollar value rather than their…
Q: Please need answer the general accounting question answer do fast and not use ai
A: Depreciation Expense Solution= (cost of delivery truck - salvage value) / estimated useful life=…
Q: Gagner clinic purchases land solve this question accounting
A: Purchase price of the land: $130,000Property taxes assumed: $1,500Title and attorney fees:…
Q: Follow the Instructions
A: Answer 1 The first thing we will do is to determine first the proper treatment of the transactions…
Q: Calculate the answer
A: Explanation of Material Waste Policy: A material waste policy is a set of guidelines that…
Q: The xyz company has offered to supply 10000 solve financial accounting question
A: Given Information:XYZ Company offer: 10,000 units at $18 per unit.Fixed overhead savings: $4 per…
Q: P11.3 (LO 1, 2, 4) (Accounting for Franchise, Patents, and Trademark) Information concern- ing…
A: To solve the given problem, here's the step-by-step explanation of the process for calculating…
Q: Don't use ai, it will give you wrong answer
A: Question 1Estimated defective units= 5% of units Sold= 400 Units x 5%= 20 UnitsThe Liablity for…
Q: What is the cost of Grade A per liter?
A: Step 1: We need to calculate the cost of Grade A milk per liter, so for this,It is given that the…
Q: I need correct answer general account not use ai
A: Step 1: Define Pricing StrategyPricing helps companies to determine the right selling price to…
Q: Answer with working steps & explanation
A: Step 1:Explanation for the credit terms: Terms are 2/10, n/30, FOB destination. So,2/10: A 2% sales…
Q: Maxwell Corporation reports the following results: Gross income from operations Dividends received…
A: Step-by-Step Detailed Answer for Maxwell Corporation's Dividends-Received Deduction (DRD):Key…
Q: write down short answer for this account questions
A: Step 1: Understanding the LCM RuleThe Lower of Cost or Market (LCM) rule requires that inventory is…
Q: what is taxable income?
A: Step 1: Identify Adjustments1. Depreciation (Temporary Difference)Depreciation for tax purposes and…
Q: I want to correct answer general accounting
A: Step 1: Define Depreciation ExpenseThe depreciation expense on a long-lived asset denotes the…
Q: Hello tutor please provide answer accounting
A: Explanation: Under straight line method for calculating depreciation, annual depreciation is…
Q: Can you please solve these general accounting question?
A: Determine Beginning Inventory: Identify the value of inventory at the start of the accounting…
Q: Give me four paragraphs on why time and budget constraints can affect the quality of audits
A: Time and budget are two critical factors that can significantly impact the quality of an audit.…
Q: Business 123 Introduction to Investment May I please have an expert explore Employee Stock Options…
A: 2. Valuation of Options ContractsOptions are financial instruments whose value is a function of the…
Q: Please provide answer the general accounting question
A: Step 1: Define SGRThe sustainable growth rate (SGR) is called "sustainable" because it is the rate…
Q: If you give me wrong answer I will give you unhelpful rate on these general accounting question
A: Step 1: Define Depreciation MethodsA capital expenditure, when written off periodically to the…
Q: General accounting
A: Step 1: Define Accounts Receivable TurnoverWe determine the accounts receivable turnover to…
Q: Provide correct answer the accounting question not use ai
A: Step 1: Define Manufacturing Overhead costThe cost incurred by the company in the manufacturing…
Q: HI help me expert for this account query
A: Step 1: IntroductionTo calculate the value of Moberg Company's inventory under the…
Q: I need answer of this question solution general accounting
A: Step 1: Define Days Sales OutstandingDays of sales outstanding or average collection period can be…
Q: Rst company uses a process cost system. Solve this question general accounting question
A: Step 1: Define Equivalent production unit:A manufacturer's activity on output values that are only…
Q: Answer this COST OF GOODS SOLD QUESTION
A: Explanation of Cost of Goods Sold (COGS):COGS refers to the direct costs associated with producing…
Q: Provide answer Accounting questions
A: Step 1: Define Promissory NotesPromissory notes are a type of notes that carry a fixed interest…
Q: Gantner company had the following solve this question general accounting
A: Step 1: Define Equivalent UnitsEquivalent units show the total percentage of work that has been done…
Q: General accounting question
A: Step 1:The budgeted indirect cost driver rate based on the machine hours can be calculated by…
Q: Expert please problem accurate answer
A: Explanation of Capital Adequacy: Capital adequacy refers to the level of financial resources a…
Q: Hello tutor please find out the correct answer for this accounting question
A: Step 1: Define Bond Issue PriceThe issue price of a bond is only the same as its face value when the…
Provide answer the following requirements on these accounting question
Step by step
Solved in 2 steps
- Calculate the profitability ratios of Dernham Inc. in the following table. Convert all calculations to a percentage rounded to two decimal places. Ratio Operating margin Value Year 2 Year 1 61.54% Profit margin 44.39% Return on total assets 17.09% Return on common equity 32.13% Basic earning power 22.22% Decision makers and analysts look deeply into profitability ratios to identify trends in a company's profitability. Profitability ratios give insights into both the survivability of a company and the benefits that shareholders receive. Identify which of the following statements are true about profitability ratios. Check all that apply. A higher operating margin than the industry average indicates either lower operating costs, higher product pricing, or both. If a company's operating margin increases but its profit margin decreases, it could mean that the company paid more in interest or taxes. An increase in the return on assets ratio implies an increase in the assets a firm owns. If a…In fiscal year 2018, Wal-Mart Stores (WMT) had revenue of $514.41 billion, gross profit of $129.10 billion, and net income of $6.67 billion. Costco Wholesale Corporation (COST) had revenue of $141.6 billion, gross profit of $18.42 billion, and net income of $3.13 billion. a. Compare the gross margins for Walmart and Costco. b. Compare the net profit margins for Walmart and Costco. c. Which firm was more profitable in 2018? a. Compare the gross margins for Walmart and Costco. The gross margin for Walmart is enter your response here %. (Round to two decimal places.) The gross margin for Costco is enter your response here %. (Round to two decimal places.) Part 3 b. Compare the net profit margins for Walmart and Costco. The net profit margin for Walmart is enter your response here %. (Round to two decimal places.) Part 4 The net profit margin for Costco is enter your response here %. (Round to two decimal places.) c. Which firm was more profitable in 2018? (Select from the…5. Profitability ratios Profitability ratios help in the analysis of the combined impact of liquidity ratios, asset management ratios, and debt management ratios on the operating performance of a firm. Your boss has asked you to calculate the profitability ratios of Diusitech Inc. and make comments on its second-year performance as compared with its first-year performance. The following shows Diusitech Inc.'s income statement for the last two years. The company had assets of $4,700 million in the first year and $7,518 million in the second year. Common equity was equal to $2,500 million in the first year, and the company distributed 100% of its earnings out as dividends during the first and the second years. In addition, the firm did not issue new stock during either year. Diusitech Inc. Income Statement For the Year Ending on December 31 (Millions of dollars) Year 2 Year 1 2,540 2,000 1,610 1,495 127 80 1,737 803 80 723 181 542 Net Sales Operating costs except depreciation and…
- For fiscal year 2018, Walmart Inc. (WMT) had total revenues of $500.34 billion, net income of $9.86 billion, total assets of $204.52 billion, and total shareholders' equity of $77.87 billion. a. Calculate Walmart's ROE directly, and using the DuPont Identity. b. Comparing with the data for Costco, use the DuPont Identity to understand the difference between the two firms' ROES. Data table For fiscal year 2018, Costco Wholesale Corporation (COST) had a net profit margin of 2.08%, asset turnover of 3.55, and a book equity multiplier of 3.37. Costco's ROE (DuPont) is 24.88%.A company’s comparative statements are given below. Please conduct the following analyses: c. Calculate the three profitability ratios for year 2017 and show how ROE can be derived from the DuPont formula for this company. d. What do the analyses tell you about the company’s financial performance?What is its P/E ratio on general accounting?
- - Please refer to the following Income Statement and Balance Sheet (see attached picture): Prepare a vertical analysis for both the income statement and balance sheet. Write a paragraph comparing the company’s performance with the industry average. Compute the following ratios and comment on what the results mean when evaluating the company: Current ratio Gross profit percentage ratio Debt ratio Profit margin ratioIn the income statement below, ABC Trade Inc. wants to find the resulting net income for the year 2018 (in million). What is the right amount? Income Statement ($ Million) Year End 2015 2016 2017 2018 Sales 1,234.90 1,251.70 1,300.40 1,334.40 Cost of Sales (679.10) (659.00) (681.30) (667.00) Gross Operating Income Selling & Administration (339.70) (348.60) (351.20) (373.30) Depreciation (47.50) (52.00) (55.90) (75.20) Other Income/Expenses 11.80 7.60 7.00 8.20 Earnings Before Interest and Taxes Interest Income 1.30 1.40 1.70 2.00 Interest Expense (16.20) (15.10) (20.50) (23.70) Pre Tax Income Income Taxes (56.80) (64.20) (67.50) (72.60) Net Income Dividends (38.30) (38.70) (39.80) (40.10) Addition to Retained Earnings Group of answer choices 121.8 108.7 132.7 132.8 No choice givenCompute the following for year 20171. Gross Margin Ratio2. Operating Profit Margin3. Net Profit Margin or Return on Sales4. Return on Equity5. Return on Assets
- What is P/E ratio on these general accounting question?Using the following data, calculate the firm’s price earnings ratio. Show your work and briefly explain what this means to an investor. Net Income $68.2 million Market Capitalization $620 million Earnings per share $8.20Plano Corporation reported net income P24,000; net sales P400,000; and average assets P600,000 for 2012. What is the 2012 profit margin ratio?