Mechforce Manufacturing's net Income was $580,000 on sales of $18 million. Average assets for the year were $12 million, Turnover for the year was Multiple Choice O 14 O O 4.2% 3% 1.5
Q: Creative Business Solutions (CBS), a division of Doug Jorgenson CPA, buys and installs modular…
A: SEGMENT MARGIN FOR CBS : PARTICULARS AMOUNT $ SALES $9,000,000 VARIABLE OPERATING COST…
Q: GREEN Enterprises reported the following information for the current year: Inventory, January 1 -…
A: Gross sales seem to be a term that measures a company's total revenues before deducting the costs of…
Q: Compute the following the financial data for this year . 1.accountes receivable turnover 2. Average…
A: As you have posted multiple sub-parts, the solutions to the first 3 sub-parts are being provided.…
Q: How do you calculate average total assets when your annual report only shows the beginning of the…
A: Return on investments (assets): Return on investments (assets) is the financial ratio which…
Q: Prepare a basic income statement forecast for the subsequent fiscal year, using a percentage of…
A: Income Statement The purpose of preparing the income statement is to know the net income which are…
Q: REQUIRED: What is the amount of gross sales for the current year?
A: Gross sales means the amount of total sales without deducting the sales return from customer. Gross…
Q: SWEET TOOTH Company provided the following information for the current year: Increase in raw…
A: Solution: Cost of goods sold is the cost directly related to products sold during the period. Cost…
Q: How do you calculate net sales? Also... Do you only look at current year data or do you factor…
A: Net Sales=Gross Sales-Returns-Allowances-Discounts where, Gross sales=the total unadjusted sales of…
Q: Income statements for Campbell Company for Year 3 and Year 4 follow: CAMPBELL COMPANY Income…
A: Financial statement analysis seems to be a critical business discipline that allows businesses to…
Q: Office Depot Balance Sheet Assets Current assets: Cash and cash equivalents Short-term investments…
A: Ratio Analysis -The ratio is the technique used by the prospective investor or an individual or…
Q: '. At the beginning the year, Primer Manufacturing Company had the following palances in its…
A: Answer - Working Note : Statement of Cost of Goods Manufactured: Primer Manufacturing Company…
Q: To calculate a year-to-year percentage change in any financial statement line item such as sales,…
A: The ratio analysis is performed to compare the different elements of the financial statements of the…
Q: GM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price…
A: Economic order quantity means the number of units to be purchased in one order and at this point,…
Q: What amount should be reported for the year ended December 31 as: A. Sales B. Cost of Sales C. Gross…
A: Formula: Gross profit = Sales - Cost of Sales.
Q: Dividing annual Sales by Turnover will give: a.Stock-to-Sales Ratio b. Average Monthly Sales.…
A: Inventory turnover is defined as the financial ratio, which used to represent that how many time the…
Q: Bulgesal Company provided the following data: 2020 2021 Share capital (P100 par value) 5,000,000…
A: solution given Cash dividend issued 1000000 Share dividend issued…
Q: current year: Sales Sales salaries Advertising Indirect labor Delivery expense Freight in •…
A: Income Statement : Income statement is one of the financial statements,it reflects company's Profit…
Q: The Alpine House, Inc., is a large retailer of winter sports equipment. An income statement for the…
A: Contribution Margin Format Income Statement Is An Income Statement That Separates The Variable Cost…
Q: A. Use the data provided to compute net sales for 2019. B. Compute the gross margin for 2019. noront…
A: Hi student Since there are multiple sub parts, we will answer only first three subparts.
Q: The following data have been taken from the accounting records of ABD Corporation for the just…
A: Cost of goods sold is the direct cost involved in producing the goods sold by the company. The…
Q: Crunchem Cereal Company incurred the following actual costs during 20x1. Direct material used Direct…
A: Cost of Goods Sold (COGS) represents the direct expenses incurred in producing or purchasing the…
Q: VER PROBLEM 5-10 The following balances have been excerpted from Argon's financial statements for…
A: The sales and purchases are the most integral transactions of every organization. Both Sales and…
Q: Find in Amount ($) and Percentage(%) for Year 2 over Year 1: Income Statement - (a) Sales Revenue…
A: Horizontal analysis of financial statements: In horizontal analysis of financial statement, the…
Q: When performing a horizontal analysis on an income statement, the percentage change inany individual…
A: Income statement: It is one of the financial statements prepared by an organization. This statement…
Q: Compute the following the financial data for the year. 4. Average sale period 5. Operating cycle…
A:
Q: MAKE A BASIS AND DISCUSSION ON THE EFFICIENCY RATIO OF NESTLE (ASSET TURNOVER, INVENTORY TURNOVER,…
A: Efficiency ratios are the ratios that are calculated to check the efficiency of the organization or…
Q: Calculate the amount of increase or decrease and the percent change of each item
A: We will do a horizontal analysis of the given financial line items of balance sheet. In other words…
Q: ollowing calculations of receivable turnover is correct? A. Number of days in the year divided by…
A: Solution: Receivable turnover represent the effectiveness of company's ability to collects its…
Q: WRITE YOUR DISCUSSION AND RECOMMENDATION ABOUT AVERAGE COLLECTION PERIOD TO ACCOUNTS PAYABLE…
A: Accounts payable refers to the amount that is owed by the company to suppliers. Accounts payable is…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000,000. A. Based on this information, calculate asset turnover. B. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%
- Assume the following sales data for a company: Current year $770,668 Preceding year 635,551 What is the percentage increase in sales from the preceding year to the current year? a.121.26% b.17.53% c.82.47% d.21.26%Assume the following sales data for a company: Current year $896,005 Preceding year 607,844 What is the percentage increase in sales from the preceding year to the current year (rounded to one decimal place)? Oa. 47.4% Ob. 15.3% Oc. 32.2% Od. 79.6%APX Co achieved $16 million revenue in the year that has just ended and expects revenue growth of 8.4% in the next year. Cost of sales in the year that has just ended was $10.88 million and other expenses were $1.44 million. The financial statements of APX for the year that has just ended contain the following statement of financial position: $m $m Non-current assets 22.0 Current assets 2.4 Inventory 2.2 Trade Receivables 4.6 Total Assets 26.6 $m $m Equity Finance 5.0 Ordinary Shares 7.5 Reserves 12.5 Long-term bank loan 10.0 22.5 Current Liabilities 1.9 Trade Payables 2.2 Overdraft 4.1 Total equity and liabilities 26.6 The long-term bank loan has a fixed annual interest rate of 8% per year. APX pays taxation at an annual rate of 30% per year.…
- A company’s sales in the prior year were $300,000 and in the current year were $351,000. Using the prior year as the base year, the sales trend percent for the current year is a. 17%. c. 100%. e. 48%. b. 85%. d. 117%.Income statement data for Winthrop Company for two recent years ended December 31 are as follows: 1 Current Year Previous Year 2 Sales $1,938,000.00 $1,700,000.00 3 Cost of goods sold 1,608,200.00 1,462,000.00 4 Gross profit $329,800.00 $238,000.00 5 Selling expenses $67,800.00 $60,000.00 6 Administrative expenses 49,280.00 44,000.00 7 Total operating expenses $117,080.00 $104,000.00 8 Income before income tax $212,720.00 $134,000.00 9 Income tax expense 13,090.00 8,500.00 10 Net income $199,630.00 $125,500.00 A. Prepare a comparative income statement with horizontal analysis, indicating the increase (decrease) for the current year when compared with the previous year. Round percentages to one decimal place. B. What conclusions can be drawn from the horizontal analysis? Round the answers to one decimal place.Assume the following sales data for a company: Line Item Description Amount Current year $883,993 Preceding year 542,076 What is the percentage increase in sales from the preceding year to the current year? a. 63.08% b. 61.32% c. 163.08% d. 38.68%
- The balance sheet of ATLF, Inc. reports total assets of $1,950,000 and $2,050,000 at the beginning and end of the year, respectively. Net income and sales for the year are $150,000 and $1,000,000, respectively. What is ATLF's profit margin? Select one: a. 10% Ob. 8% O c. 7.5% O d. 15% e. 12%Last year a company had sales of $410,000, a turnover of 2.1, and a return on investment of 29.4%. The company's net operating income for the year was: Multiple Cholce $63,140 $195,238 $120,540 $57.400Jefferson Memorial Hospital is an investment center as a division of Hospitals United. During the past year, Jefferson reported an after-tax income of $7 million. Total interest expense was $3,400,000, and the hospital tax rate was 30%. Total assets totaled $70.3 million, and non-interest-bearing current liabilities were $23,300,000. The required rate of return established by Jefferson is equal to 17% of invested capital. What is the residual income of Jefferson Memorial Hospital? Enter your answer in whole dollar.