Income Statement Balance Sheet Income Statement FY23 FY24 Sales 11,324,000,000 13,272,000,000 Cost of Goods Sold 5,096,000,000 5,973,000,000 Other Expenses 4,530,000,000 5,310,000,000 Depreciation 906,000,000 1,062,000,000 Earnings Before Int. & Tax 792,000,000 927,000,000 Interest Expense 453,000,000 531,000,000 Taxable Income 339,000,000 396,000,000 Taxes (25%) 84,750,000 99,000,000 254,250,000 297,000,000 Net Income Dividends Add. to Retained Earnings 254,250,000 297,000,000 Balance Sheet FY23 FY24 FY23 FY24 Current Assets Current Liabilities Cash 211,000,000 329,800,000 Accounts Payable 622,000,000 531,000,000 Accounts Receivable 508,000,000 626,800,000 Notes Payable 377,000,000 442,000,000 Total Current Inventory 41,000,000 100,400,000 999,000,000 973,000,000 Liabilities Total Current Assets 760,000,000 1,057,000,000 Long-Term Debt 16,618,000,000 17,498,000,000 Fixed Assets Net Plant & Equipment 20,157,000,000 21,891,000,000 Shareholder Equity Common Stock 2,000,000,000 2,880,000,000 Retained Earnings 1,300,000,000 1,597,000,000 Total Equity 3,300,000,000 4,477,000,000

Income Statement Balance Sheet Income Statement FY23 FY24 Sales 11,324,000,000 13,272,000,000 Cost of Goods Sold 5,096,000,000 5,973,000,000 Other Expenses 4,530,000,000 5,310,000,000 Depreciation 906,000,000 1,062,000,000 Earnings Before Int. & Tax 792,000,000 927,000,000 Interest Expense 453,000,000 531,000,000 Taxable Income 339,000,000 396,000,000 Taxes (25%) 84,750,000 99,000,000 254,250,000 297,000,000 Net Income Dividends Add. to Retained Earnings 254,250,000 297,000,000 Balance Sheet FY23 FY24 FY23 FY24 Current Assets Current Liabilities Cash 211,000,000 329,800,000 Accounts Payable 622,000,000 531,000,000 Accounts Receivable 508,000,000 626,800,000 Notes Payable 377,000,000 442,000,000 Total Current Inventory 41,000,000 100,400,000 999,000,000 973,000,000 Liabilities Total Current Assets 760,000,000 1,057,000,000 Long-Term Debt 16,618,000,000 17,498,000,000 Fixed Assets Net Plant & Equipment 20,157,000,000 21,891,000,000 Shareholder Equity Common Stock 2,000,000,000 2,880,000,000 Retained Earnings 1,300,000,000 1,597,000,000 Total Equity 3,300,000,000 4,477,000,000

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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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?
Fill in Xs'
Calculate Return on Total Assets each year separately.
Income Statement Sales 70,291,828 Cost of Goods Sold 48,872,000 Selling, general, admin 13,648,374 Depreciation 2,625,176 net interest expense 1,602,350 Federal Income Tax 1,296,000 Interest Income 3,430 Dividend income 24,000 Unrealized gain on securities 162,000 Gain on sale of equipment 31,000 net Income 2,468,358 How do you calculate Income Tax using? What are the permanent differences and the temporary differences? What is the deferred tax liability? Additional information: Tax Rate = 21% Officer's Life Insurance premiums = $6,500 Nondeductible meals and Entertainment = $25,200 Company uses Straight Line depreication for GAAP = $2,625,176 depreciation expense 2020 Company uses Double Decline Balance for Tax = $1,170,506 depreciation expense 2020
Answer the following: 16. Gross Profit ratio17. Operating Ratio18. Rate of return on Assets
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
InThousands of USD except Per Share Revenue Transportation revenue Warehousing revenue Expenses Selling & Marketing General and Administrative Other operating expense Operating Income (Loss) Interest and dividend (income) NB: Think about your signs! Interst expense Income (Loss) before tax Tax expense Net Income, GAAP 2017 46 512,50 44 582,50 1 930,00 3 000,00 10 000,00 772,50 32 740,00 (75,00) 1 125,00 31 690,00 8 239,40 23 450,60 2018 49 120,00 46 195,00 2 925,00 3 250,00 10 500,00 1 390,00 33 980,00 (125,00) 1 200,00 32 905,00 8 884,35 24 020,65 2019 51 062,50 46 912,50 4 150,00 3 625,00 10 750,00 405,00 36 282,50 (115,00) 1 625,00 34 772,50 8 693,13 26 079,38
Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).
Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.
assets turnover
Calculate Return on Total Assets for all the years?
WhyRU Company usually depreciates its equipment using straight line method for accounting purposes, but for tax purposes its sum-of-the-years method. WhyRU Company acquired the equipment through purchase amounting to P2,400,000 on January 1,2018. Assume a tax rate of 30%. Useful life is 4 years. WhyRU Company made the following income in its income tax return available through reports for 2018 – P800,000; 2019 – P890,0000; 2020 – P1,200,000; 2021 – P1,500,000 There is no other differences between WhyRU's accounting income and taxable income for years 2018, 2019, 2020 and 2021 other than for the difference in depreciation for the equipment described.

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