Do fast and easy calculation for this accounting question not use ai Maggie's Skunk Removal Corp:'s 2015 income statement listed net sales of $13.6million, gross profit of $8.40 million, EBIT of $6.7 million, net income available tocommon stockholders of $4.3 million, and common stock dividends of $2.3 million.The 2015 year-end balance sheet listed total assets of $53 million and commonstockholders' equity of $22.1 million with 2.0 million shares outstanding.Calculate the profit margin. (Round your answer to 2 decimal places.)Calculate the gross profit margin. (Round your answer to 2 decimal places.)Calculate the operating profit margin. (Round your answer to 2 decimal places.)

Step 1: Define Income StatementThe first derivation of the income statement is the gross profit…

Answered: Maggie's Skunk Removal Corp:'s 2015…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 17E

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Maggie’s Skunk Removal Corp.’s 2015 income statement listed net sales = $12.5 million, gross profit of $6.9 million, EBIT = $5.6 million, net income available to common stockholders = $3.2 million, and common stock dividends = $1.2 million. The 2015 year-end balance sheet listed total assets of $52.5 million and common stockholders equity of $21 million with 2 million shares outstanding. Calculate the profit margin, gross profit margin, operating profit margin, ROA and ROE.
Maggie’s Skunk Removal Corp.’s 2021 income statement listed net sales of $13.7 million, gross profit of $8.20 million, EBIT of $6.8 million, net income available to common stockholders of $4.4 million, and common stock dividends of $2.4 million. The 2021 year-end balance sheet listed total assets of $53.7 million and common stockholders' equity of $22.2 million with 2.0 million shares outstanding. Calculate the gross profit margin. (Round your answer to 2 decimal places.) Gross Profit margin % Calculate the operating profit margin. (Round your answer to 2 decimal places.) Operating Margin % Calculate the profit margin. (Round your answer to 2 decimal places.) Profit margin % Calculate the basic earnings power. (Round your answer to 2 decimal places.) Baic earnings power % Calculate the return on assets. (Round your answer to 2 decimal places.) Return on Assets % Calculate the return on equity. (Round your answer to 2…
Presented below are the comparative incomes and retained earnings statements for Blue Inc. for the years 2017 and 2018. 2018 2017 Sales $353,000 $276,000 Cost of sales 195,000 150,000 Gross profit 158,000 126,000 Expenses 89,600 49,100 Net income $68,400 $76,900 Retained earnings (Jan. 1) $121,500 $69,900 Net income 68,400 76,900 Dividends (30,800 ) (25,300 ) Retained earnings (Dec. 31) $159,100 $121,500 The following additional information is provided: 1. In 2018, Blue Inc. decided to switch its depreciation method from sum-of-the-years’ digits to the straight-line method. The assets were purchased at the beginning of 2017 for $102,500 with an estimated useful life of 4 years and no salvage value. (The 2018 income statement contains depreciation…
The following amounts were taken from the financial statements of Blue Spruce Corp.: 2017 2016 Total assets $821000 $1017000 Net sales 744000 656000 Gross profit 366000 321000 Net income 111000 118000 Weighted average number of 97500 97500 common shares outstanding Market price of common stock $49 $46 The profit margin ratio for 2017 is 14%. 18%. 16%. 15%.
For its fiscal year ending on June 30, 2018, Microsoft reported net income of $12.96 billion from sales of $112.97 billion. The company also reported total assets of $245.56 billion. a. Calculate Microsoft's total asset turnover and its net profit margin. b. Find the company's ROA, ROE, and book value per share, given that it has a total net stockolders' equity of $75.89 billion and 6.86 billion shares of common stock outstanding. a. Microsoft's total asset turnover is (Round to two decimal places.)
Stosch Company's balance sheet reported assets of $117,000, liabilities of $30,000 and common stock of $27,000 as of December 31, 2015. If Retained Earnings on the December 31, 2016 balance sheet is $78,000 and Stosch paid a $29,000 dividend during 2016, then the amount of net income for 2016 was which of the following? $47,000 $60,000 $29,000 $18,000
Requirement: Use the 2015 data for Prince Company. Assume a stock price of $28 per share. Compute the ratios. Prince Company paid $7,000 out in dividends for the year. Show how you can figure out that the company paid $7,000 out in dividends for the year. 2015 2014 Income Statement Sales revenue 190,000 167,000 Cost of goods sold 112,000 100,000 Gross profit 78,000 67,000 Operating expenses and interest expenses 56,000 53,000 Pretax income 22,000 14,000 Income tax 8,000 4,000 Net income 14,000 10,000 Balance Sheet Cash 4,000 7,000 Accounts receivable (net) 14,000 18,000 Inventory 40,000 34,000 Operational assets (net) 45,000 38,000 Total assets 103,000 97,000 Current liabilities (no interest) 16,000 17,000 Long-term liabilities (10% interest) 45,000 45,000 Common stock (par $5) 30,000…
Krogen Grocer's 2016 balance sheet shows average stockholders’ equity of $12,000 million, net operating profit after tax of $1,140million, net income of $380 million, and common shares issued of $1,916 million.The company has no preferred shares issued. Krogen Grocer’s return on common stockholders’ equity for the year is:
Here is the income statement for Larkspur, Inc. LARKSPUR, INC.Income StatementFor the Year Ended December 31, 2022 Sales revenue $443,400 Cost of goods sold 224,700 Gross profit 218,700 Expenses (including $16,700 interest and $24,600 income taxes) 87,600 Net income $ 131,100 Additional information: 1. Common stock outstanding January 1, 2022, was 27,600 shares, and 36,700 shares were outstanding at December 31, 2022. 2. The market price of Larkspur stock was $15 in 2022. 3. Cash dividends of $22,700 were paid, $6,900 of which were to preferred stockholders. Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share $enter earnings per share in dollars (b) Price-earnings ratio enter price-earnings ratio in times times (c) Payout ratio enter payout ratio in percentages % (d) Times interest earned enter times interest…
A firm has the following accounts and financial data for 2014: Sales: $3060 - Accounts Receivable: $500 Interest Expense: $126 - Total Operating Expense: $600 - Accounts Payable: $240 - Cost of Goods Sold: $1800 Preferred Stock Dividends: $18 - Tax Rate: 40% - Number.of shares of common stock: 1,000. The firm's earnings available to common shareholders for 2014 is O a. $195.40 O b. $302.40 O c. -$224.25 O d. $516.60
The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2017, Walmart had 3,060 million shares outstanding with a share price of $146. The company's weighted-average cost of capital was about 5%. Assume a tax rate of 35%. Balance Sheet (figures in $ millions) End of Year Start of Year Assets Current assets: Cash and marketable securities $ 6,956 $ 7,067 Accounts receivable 5,814 6,035 Inventories 43,983 43,246 Other current assets 3,711 2,141 Total current assets $ 60,464 $ 58,489 Fixed assets: Net fixed assets $ 115,018 $ 114,378 Other long-term assets 30,240 27,158 Total assets $ 205,722 $ 200,025 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 46,292 $ 41,633 Other current liabilities 32,629 25,695 Total current liabilities $ 78,921 $ 67,328 Long-term debt 37,025…
Selected financial information for CraneCorporation as of December are presented below. 2014 2013 Current assets $104,640 $80,080 Current liabilities 43,680 36,400 Stockholders’ equity 124,800 110,240 Total assets 312,000 280,800 Net sales and net income for 2014 were $468,000 and $37,440 respectively. Dividends of $4,160 were declared for common stockholders and $6,240for preferred shareholders in 2014. Preferred stockholders' equity is equal to 10% of total stockholders' equity.Compute the indicated ratios at December 31, 2014, or for the year ended December 31, 2014, as appropriate. (Round answers to 2 decimal places, e.g. 2.12.) 1. Return on assets enter percentages rounded to 2 demical places % 2. Profit margin enter percentages rounded to 2 demical places % 3. Payout ratio enter percentages rounded to 2 demical places % 4. Debt assets ratio enter percentages…

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