Income Statement Balance Sheet Income Statement FY23 FY24 Sales 11,305,000,000 13,205,000,000 Cost of Goods Sold 5,088,000,000 5,943,000,000 Other Expenses 4,522,000,000 5,282,000,000 Depreciation 905,000,000 1,058,000,000 Earnings Before Int. & Tax 790,000,000 922,000,000 Interest Expense 453,000,000 530,000,000 Taxable Income 337,000,000 392,000,000 Taxes (25%) 84,250,000 98,000,000 Net Income 252,750,000 294,000,000 Dividends Add. to Retained Earnings 252,750,000 294,000,000 Income Statement Balance Sheet Balance Sheet FY23 FY24 FY23 FY24 Current Assets Current Liabilities Cash 211,000,000 328,600,000 Accounts Payable 621,000,000 532,000,000 Accounts Receivable 502,000,000 619,600,000 Notes Payable 376,000,000 440,000,000 Total Current Inventory 41,000,000 99,800,000 997,000,000 972,000,000 Liabilities Total Current Assets 754,000,000 1,048,000,000 Long-Term Debt 16,523,000,000 17,377,000,000 Fixed Assets Net Plant & Equipment 20,031,000,000 21,714,000,000 Shareholder Equity Common Stock 2,000,000,000 2,854,000,000 Retained Earnings 1,265,000,000 1,559,000,000 Total Equity 3,265,000,000 4,413,000,000

Income Statement Balance Sheet Income Statement FY23 FY24 Sales 11,305,000,000 13,205,000,000 Cost of Goods Sold 5,088,000,000 5,943,000,000 Other Expenses 4,522,000,000 5,282,000,000 Depreciation 905,000,000 1,058,000,000 Earnings Before Int. & Tax 790,000,000 922,000,000 Interest Expense 453,000,000 530,000,000 Taxable Income 337,000,000 392,000,000 Taxes (25%) 84,250,000 98,000,000 Net Income 252,750,000 294,000,000 Dividends Add. to Retained Earnings 252,750,000 294,000,000 Income Statement Balance Sheet Balance Sheet FY23 FY24 FY23 FY24 Current Assets Current Liabilities Cash 211,000,000 328,600,000 Accounts Payable 621,000,000 532,000,000 Accounts Receivable 502,000,000 619,600,000 Notes Payable 376,000,000 440,000,000 Total Current Inventory 41,000,000 99,800,000 997,000,000 972,000,000 Liabilities Total Current Assets 754,000,000 1,048,000,000 Long-Term Debt 16,523,000,000 17,377,000,000 Fixed Assets Net Plant & Equipment 20,031,000,000 21,714,000,000 Shareholder Equity Common Stock 2,000,000,000 2,854,000,000 Retained Earnings 1,265,000,000 1,559,000,000 Total Equity 3,265,000,000 4,413,000,000

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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SalesOperating costs (excluding depreciation and amortization) EBITDADepreciation and amortization Earnings before interest and taxes Interest Earnings before taxesTaxes (40%)Net income available to common stockholders Common dividendsSEBRINGCORPORATION: BALANCESHEETSFORYEARENDINGDECEMBER31 (FIGURES ARE STATED IN MILLIONS) Assets: Cash and marketable securities Accounts receivableInventories Total current assets Gross Fixed Assets Less DepreciationNet plant and equipment Total assets 2005 2004 $3,600.0 $3,000.0 $3,060.0 $2,550.0 $540.0 $450.0 90.0 75.0 $450.0 $375.0 65.0 60.0 $385.0 $315.0 154.0 126.0 $231.0 $189.0 $15.0 $13.0 2005 2004 $ 36.00 $ 30.00 $ 340.00 $ 250.00 $ 457.00 $ 351.00 $ 833.00 $ 631.00 $ 1,065.00 $ 825.00 $ (165.00) $ (75.00) $ 900.00 $ 750.00 $ 1,733.00 $ 1,381.00 $ 324.00 $ 270.00 $ 201.00 $ 155.00 $ 216.00 $ 180.00 $ 741.00 $ 605.00 $ 450.00 $ 450.00 $ 1,191.00 $ 1,055.00 $ 150.00 $ 150.00 $ 392.00 $ 176.00 $ 542.00 $ 326.00 $ 1,733.00 $ 1,381.00…
17. Cost of goods sold Interest Dividends Depreciation Addition to retained earnings Tax rate $6,409 315 520 811 267 30% What is the operating income (EBIT) given the above information?
Calculate Return on Total Assets each year separately.
Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes. Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets Sin Comparative Income Statements For Years Ended December 31 2021 $ 420,027 252,856 167,171 59,644 37,802 97,446 69,725 12,969 $ 56,756 Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity Assets Current assets Long-term investments Plant assets, net. Total assets Liabilities and Equity Current liabaties Common stock Other paid-in capital Retained earnings Total liabilities and equity 2020 $ 321,775 202,718 KORBIN COMPANY Comparative Balance Sheets December 31 2021 119,057 44,405 28,316 72,721 46,336 9,499 $ 36,837 $ 55,286 0 102,674 $ 157,960 2020 3. Complete the below table to calculate the balance sheet data in trend percents with 2019 as answers to 2 decimal places.) 111.77 % 0.00 $ 37,003 700…
Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements for 2025 are provided below. Cash Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Accounts payable Income taxes payable Bonds payable Common stock Retained earnings COMPARATIVE BALANCE SHEETS 12/31/25 Sales revenue $608000 (320000) $408000 360000 384000 288000 $1440000 $176000 352000 360000 216000 336000 $1440000 INCOME STATEMENT For the Year Ended December 31, 2025 12/31/24 $960000 (304000) $8400000 $192000 216000 480000 656000 $1544000 $96000 392000 600000 216000 240000 $1544000
Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise is anxious to have prepared is a statement of cash flows. Financial statements for 2025 are provided below. Cash COMPARATIVE BALANCE SHEETS Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Accounts payable Income taxes payable Bonds payable Common stock Retained earnings 12/31/25 $608000 (320000) $408000 360000 384000 288000 $1440000 $176000 352000 360000 216000 336000 $1440000 INCOME STATEMENT For the Year Ended December 31, 2025 12/31/24 $960000 (304000) $192000 216000 480000 656000 $1544000 $96000 392000 600000 216000 240000 $1544000
What company is better in short-term and why
Calculate Return on Total Assets for all the years?
Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of goods sold 660.0 Gross profit 135.0 Selling expenses 73.5 EBITDA 61.5 Depreciation expenses 12.0 Earnings before interest and taxes (EBIT) 49.5 Interest expenses 4.5 Earnings before taxes (EBT) 45.0 Taxes (40%) 18.0 Net income 27.0 a. Calculate the ratios you think would be useful in this analysis. b. Construct a DuPont equation, and compare the companys ratios to the industry average ratios. c. Do the balance-sheet accounts or the income statement figures seem to be primarily responsible for the low profits? d. Which specific accounts seem to be most out of line relative to other firms in the industry? e. If the firm had a pronounced seasonal sales pattern or if it grew rapidly during the year, how might that affect the validity of your ratio analysis? How might you correct for such potential problems?
Consider the following income statement: Sales Costs Depreciation Taxes Calculate the EBIT. EBIT $748,168 486,752 110,700 Net income 23% Calculate the net income.
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Selected comparative statement data for Oriole Company are presented below. All balance sheet data are as of December 31. 20222021Net sales$1,165,000 $1,125,000Cost of goods sold705,000 645,000Interest expense20,000 15,000Net income154,945 145,000Accounts receivable145,000 125,000Inventory105,000 100,000Total assets785,000 700,000Preferred stock (6%)205,000 200,000Total stockholders’ equity635,000 525,000 Compute the following ratios for 2022. (Round answers to 1 decimal place, e.g. 1.8 or 2.5%) (a)Profit marginenter the profit margin in percentages %(b)Asset turnoverenter the asset turnover in times times(c)Return on assetsenter the return on assets in percentages %(d)Return on common stockholders’ equityenter the return on common stockholders' equity in percentages %