Kenwood Corporation reported the following information for 2023: Sales revenue Cost of goods sold $1,800,000 $1,260,000 $210,000 Cash dividends received on securities $8,000 Operating expenses For 2023, Kenwood would report a gross profit of: a) $330,000 b) $315,000 c) $275,000 d) $540,000
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- Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectivelyMadsen Company reported the following information for :2020 Sales revenue Cost of goods sold Operating expenses O dividends 220,000 Unrealized holding gain on available-for-sale debt securities 180,000 Cash O $420,000 $2,040,000 1,400,000 $128,000 For 2020, Madsen would report other comprehensive income of 8,000 .a .bHamad Corporation's total sales for 2022 were AED 800 million, and gross profit was AED 100 million, current assets AED 200 , cash AED 10 million, accounts receivables 90 million and account payable 40 million. Calculate accounts payable days , collection period, inventory days and accounts payable turn over.
- ATC's common-size income statement for 2020 would report cost of goods sold as: a) Up by 5.3% b) 139.5% c) 65.9% d) 30,000 millionRobbins Corporation reports the following information at December 31, 2020: Sales $15,000,000, Cash $3,000,000, Unearned Revenues $400,000, Dividends $1,000,000, Cost of Goods Sold $8,500,000. What is Robbins Corporation's Gross Margin?Suppose Torche Corporation has the following revenue and expenses for 2022: Revenues of $9,100,000 Cost of Goods Sold of $2,730,000 Depreciation Expenses of $500,000 Income Taxes of $1,672,000 Interest Expenses of $180,000 Other Expenses of $600,000 Sales, General, & Administrative Expenses of $910,000 Create an income statement with amounts in thousands What is the value of Earnings Before Interest & Taxes?
- XYZ, Inc. has prepared the following financial statements for the current year ending December 31, 2020: Income Statement Sales $582,500 Cost of Sales 285,000 Gross Profit 297,500 Operating Expenses Depreciation 20,750 Other Expense 132,400 Total Expenses $153,150 Loss on Sale of Equip. (5,125) Income Tax Expense 24,250 Net Income $114,975 Balance Sheet 2020 2019 Cash $49,800 $73,500 Accounts Rec. 65,810 50,625 Inventory 275,656 251,800 Prepaid Expense 1,250 1,875 Total Current $392,516 $377,800 157,500 108,000 (36,625) (46,000) $ 513,391 Equipment Accum. Depr. Total Assets Account. Pay. $ 53,141 Short-Term Note $ 10,000 Total Curr. Llab. $439,800 $ 114,675 $ 6,000 63,141 120,675 Notes Payable Total Liabilities 65,000 $128,141 48,750 $169,425 Common stock Paid-In Capital 162,750 37,500 150,250 0 Retained Earnings 185,000 120,125 Total Liab. & Equity $513,391 $439,800 Additional Information: a. Sold equipment for $11,625 cash, which cost $46,875 with $30,125 accumulate depreciation. b.…Compute the following ratios and measurement for 2020 a. cash flow from operations to current liabilities b. inventory turnover c. rate of gross profit on salesCoronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52% O 11.66%
- Milton, Inc. provides the following income statement for 2025: Net Sales $240,000 Cost of Goods Sold 110,000 Gross Profit $130,000 Operating Expenses: Selling Expenses 45,000 Administrative Expenses 12,000 Total Operating Expenses 57,000 Operating Income $73,000 Other Income and (Expenses): Loss on Sale of Capital Assets (26,000) Interest Expense (1,000) Total Other Income and (Expenses) (27,000) Income Before Income Taxes $46,000 Income Tax Expense 5,000 Net Income $41,000 Calculate the times−interest−earned ratio. (Round your answer to two decimal places.)Bramble Corp. reported the following in its 2022 and 2021 income statements.Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (millions of dollars) 2021 2020 Sales $ 2,500.0 $ 2,000.0 Operating costs excluding depreciation and amortization 1,938.0 1,700.0 EBITDA $ 562.0 $ 300.0 Depreciation and amortization 62.0 54.0 Earnings before interest and taxes (EBIT) $ 500.0 $ 246.0 Interest 55.0 44.0 Earnings before taxes (EBT) $ 445.0 $ 202.0 Taxes (25%) 178.0 80.8 Net income $ 267.0 $ 121.2 Common dividends $ 240.3 $ 97.0 Powell Panther Corporation: Balance Sheets as of December 31 (millions of dollars) 2021 2020 Assets Cash and equivalents $ 36.0 $ 30.0 Accounts receivable 375.0 300.0 Inventories 468.0 360.0 Total current assets $ 879.0 $ 690.0 Net plant and equipment 621.0 540.0 Total assets $ 1,500.0 $ 1,230.0 Liabilities and Equity Accounts payable $ 250.0 $ 200.0 Accruals 75.0…
