LeapFrog Enterprises Inc. had the following quarterly net in-comes during its 2013 fiscal year. (Source: Leapfroginvestors.com)Quarter of Fiscal 2013Net Income (in millions)First-$3.0Second-$3.2Third$26.4Fourth$63.9What was the total net income for fiscal year 2013?

Net income refers to the income earned after deducting the company’s expenditures from the company’s…

Answered: LeapFrog Enterprises Inc. had the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2014. Cost of Goods Sold 117,000 Inventory 125,000 General & Administrative Expenses 48,000 Net Cash Provided from Financing Activities 48,000 Dividends Paid 16,000 Net Sales 278,000 Selling & Marketing Expense 65,000 Interest Expense 23,000 Income Tax Expense 7,500
Gildan Activewear Inc. reported the following selected financial information (all in U.S. $ millions): sales of $2,909 in 2018, $2,751 in 2017, and $2,585 in 2016. The company also reported net income of $351 in 2018, $362 in 2017, and $347 in 2016. Assets at the end of 2018 were $3,005; at the end of 2017, $2,981; and at the end of 2016, $2,990. Calculate Gildan's (1) asset turnover, (2) profit margin, and (3) return on assets for 2018 and 2017. (Round answers to 1 decimal place, e.g. 5.2.) ($ in U.S. millions) 2018 2017 times times (1) Asset turnover % % (2) Profit margin % (3) Return on assets %
For the FY 2016, Alpha Company had net sales of $950,000 and a net income of $65,000, paid income taxes of $30,000, and had before-tax interest expense of $15,000. Use this information to determine the: 1. Times Interest Earned Ratio. 2. Profit Margin.
K McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement: Year Ended December 31, 2024 Net income Income tax expense Interest expense $ 22,950 6,600 3,000 What was McDaniel's times-interest-earned ratio for 2024? OA. 7.65 OB. 10.85 OC. 9.85 OD. 8.65 point(s) possible ...
Splish Brothers Inc. has the following income statement (in millions): SPLISH BROTHERS INC.Income StatementFor the Year Ended December 31, 2023 Net Sales $250 Cost of Goods Sold 175 Gross Profit 75 Operating Expenses 50 Net Income $ 25 Using vertical analysis, what percentage is assigned to net income?
The following information was available for the year ended December 31, 2016: Sales $ 460,000 Net income 66,140 Average total assets 760,000 Average total stockholders' equity 365,000 Dividends per share 1.33 Earnings per share 3.00 Market price per share at year-end 27.60 a. Calculate margin, turnover, and ROI for the year ended December 31, 2016. (Round your intermediate calculations and final answers to 2 decimal places.) b. Calculate ROE for the year ended December 31, 2016. (Round your answer to 2 decimal places.) c. Calculate the price/earnings ratio for 2016. (Round your answer to 2 decimal places.) d. Calculate the dividend payout ratio for 2016. (Round your answer to 2 decimal places.) e. Calculate the dividend yield for 2016. (Round your answer to 2 decimal places.)
The income statement of Anne Droid Inc. reported the following condensed information. ANNE DROID INC. Income Statement For the Year Ended December 31, 2012 Sales revenue $545,000 Operating expenses 400,000 Income from operations 145,000 Income tax expense 36,000 Net income $109,000 Anne Droid’s balance sheet contained these comparative data at December 31. 2012 2011 Accounts receivable $50,000 $70,000 Accounts payable 30,000 51,000 Income taxes payable 10,000 4,000 Anne Droid has no depreciable assets. Accounts payable pertain to operating expenses. Instructions Prepare the operating activities section of the statement of cash fl ows using the indirect method.
These are the current ratios for Facebook INC. for the 2018 and 2017 years. Based on these numbers, how well or poorly is the company doing?
Following are income statements for Hossa Corporation for 2017 and 2016. Percentage of sales amounts are also shown for each operating expense item. Hossa’s income tax rate was 38% in 2016 and 40% in 2017. How do you calculate the cause of change analysis past sales?
The following information is from General Electric Corporation's annual reports. General Electric Year 2015 Revenue ($ Billion) Employees (thousands) 2016 $ 94.79 103.60 334 296 2017 2018 2019 2020 99.78 97.51 95.51 79.92 314 284 206 175 Click here for the Excel Data File Compute a simple index for the revenue of GE using the period 2015 to 2016 as the base. Note: Round your answers to 2 decimal places. The index (2015 to 2016=100) for selected years is: Year Simple Index 2015 2016 2017 2018 2019 2020 What can you conclude about the change in revenue over the period? Note: Round your answer to 2 decimal places. Compared to the average of 2015 and 2016, revenue is % lower.
The Cullumber Supply Company reported the following information for 2017. Prepare a common-size income statement for the year ended June 30, 2017. (Round answers to 1 decimal place, e.g. 52.7%.) Cullumber Supply CompanyIncome Statement for the Fiscal Year Ended June 30, 2017($ thousands) % of Net Sales Net sales $2,111,000 enter percentages of net sales % Cost of goods sold 1,464,000 enter percentages of net sales % Selling and administrative expenses 312,200 enter percentages of net sales % Nonrecurring expenses 27,600 enter percentages of net sales % Earnings before interest, taxes, depreciation, and amortization (EBITDA) $307,200 enter percentages of net sales % Depreciation 117,000 enter percentages of net sales % Earnings before interest and taxes (EBIT) 190,200 enter percentages of net sales % Interest expense 118,600 enter percentages of net sales % Earnings before taxes (EBT)…
The following information is available for Cullumber Products: 2014 2013 Accounts receivable $76,800 $94,720 Cost of goods sold 675,840 742,400 Inventory (ending) 66,560 87,040 Net cash provided by operating activities 281,600 217,600 Net sales 1,157,760 1,203,200 Capital expenditures 51,200 48,640 Dividends 31,104 40,960 Compute the following for 2014: (Round answers to 1 decimal place, e.g. 52.7. Use 365 days for calculation.) Accounts receivable turnover enter a number of times rounded to 1 decimal place times Average collection period enter a number of days rounded to 1 decimal place days

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LeapFrog Enterprises Inc. had the following quarterly net in- comes during its 2013 fiscal year. (Source: Leapfroginvestors. com) Quarter of Fiscal 2013 Net Income (in millions) First -$3.0 Second -$3.2 Third $26.4 Fourth $63.9 What was the total net income for fiscal year 2013?