Horizon Electronics had the following 2023 financial statement relationships: Metric Asset Turnover Value 6 Profit Margin on Sales 0.015 What was Horizon Electronics' percentage return on assets (ROA) in 2023? a) 0.09% b) 0.9% c) 9.0% d) 15.0%
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Return on assets in 2023 ? General accounting


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- Accounting solutionprovide reasons for the attached calculated ratios using GSK 2023 annual report and provide non-financail performance analysis examples for GSK 2023.Saved Не Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 2025 2024 $3,460,000 2,470,000 990,000 $2,986,000 1,940,000 1,046,000 Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses 945,000 20,000 13,000 7,000 985,000 5,000 848,000 22,000 7,000 10,000 43,000 930,000 116,000 Net income VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 2024 2023 Assets Current assets: Cash Accounts receivable $196,000 70,000 120,000 13,000 $176,000 71,000 95,000 11,000 $134,000 50,000 125,000 4,800 Inventory Prepaid rent Long-term assets: Investment in bonds 95,000 290,000 290,000 (74,000) $1,000,000 95,000 200,000 260,000 (54,000) 230,000 200,000 (32,000) $711,800 Land Equipment Less: Accumulated depreciation Total assets $854,000 Liabilities and Stockholders' Equity Current…
- Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales Cost of goods sold Gross profit Expenses: VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable 2025 $3,520,000 2,482,000 1,038,000 957,000 32,000 0 19,000 8,200 1,016, 200 21,800 VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2024 $3,046,000 1,952,000 1,094,000 Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 860,000 28,000 8,200 16,000 49,000 961,200 132,800 2025 $204,000 78,000 128,000…What is the return on assets for this general accounting question?Financial Accounting
- Required: Compute the following ratios for 2020: 1. Current Ratio 2. Quick Ratio 3. Receivable Turnover 4. Average Collection Period 5. Inventory Turnover 6. Average Sales Period 7. Working Capital 8. Debt Ratio 9. Equity Ratio 10. Debt to Equity Ratio 11. Time Interest Earned 12. Gross Profit Ratio 13. Operating Profit Margin 14. Net Profit Margin 15. Return on AssetsUsing data available in the case, calculate the annual growth rate from 2020 to 2021 (in percentages). All calculations should be rounded to two decimals (e.g., 12.77%). > Answer is complete but not entirely correct. 2021 2020 2020-2021 Revenue 2,057,622 1,736,432 18.50 % Cost of Goods Sold 1,259,830 921,980 36.64 % Gross Profit 797,792 814,452 (1.02) % Operating Expenses 789,795 570,245 38.50 % Operating Income 7,997 244,207 2,953.73% Net Income 14,553 191,960 (92.42) %Calculate the following ratios for 2021 using working Excel formulas. Make sure to label each appropriately using the following cell (number of days, number of times, etc.) Round each answer to 2 decimal places (example: ROE of .1678 should display as 16.78%): Current Ratio Quick Ratio Debt to Equity Ratio Equity Multiplier Times Interest Earned Dividend Yield Inventory Turnover Days’ Sales in Inventory Receivables Turnover Days’ Sales in Receivables Total Asset Turnover Profit Margin Return on Assets Return on Equity P/E Ratio 2.Calculate Return on Equity (ROE) for 2021 using the Dupont
- ?? Financial accounting questionEvaluate Aritzia’s profitability for 2022 compared with 2021. In your analysis, compute the following ratios and then comment on what those ratios indicate. 1. Return on sales 2. Asset turnover 3. Return on assets 4. Leverage ratio 5. Return on equity 6. Gross profit percentage 7. Earnings per share (show computation) 8. Book value per shareOperational and Financial SummaryWhich is an example of horizontal analysis? A. Operating income amounts to P20,000. B. Acurrent ratio of 1:2 is established. C. Rent income in 2021 is 15% greater than in 2020. D. Advertising expense in 2021 is 6% of sales.