Metric Summit Corp. (in $ millions) Valley Inc. (in $ millions) Net Income 2023 $280 Net Sales 2023 $2,450 Total Assets 12/31/21 $1,850 Total Assets 12/31/22 $2,100 Total Assets 12/31/23 $2,400 $620 $6,800 $3,200 $4,100 $5,000 What is Valley Inc.'s return on assets (ROA) for 2023? a. 12.4% b. 13.63% c. 13.8% d. 14.2%
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- need this general account subjects solutionsmework i 0 ences Mc Graw Hill INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 21%) Net income Assets Current assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Total assets a. Free cash flow b. Additional tax c. Free cash flow million million million $ 27,571 17,573 1,406 $ 8,592 521 2022 8,071 1,695 $ 6,376 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 2021 $ 2,340 1,379 126 1,093 $ 4,938 $ 24,681 2,808 2,987 $ 35,414 $ 2,340 1,339 121 620 $ 4,420 Saved $ 22,839 2,657 3,103 Liabilities and Shareholders' Equity Current liabilities Debt due for repayment Long-term debt Other long-term liabilities Total liabilities Total shareholders' equity $ 33,019 Total liabilities and…INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 21%) Net income $ 27,576 17,578 1,411 $ 8,587 526 8,061 1,693 $ 6,368 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Assets Current assets Cash and marketable securities 2022 2021 Liabilities and Shareholders' Equity Current liabilities $ 2,345 $ 2,345 Debt due for repayment Receivables Inventories Other current assets 1,384 131 1,098 1,344 126 Accounts payable Total current liabilities 625 Total current assets $ 4,958 $ 4,440 Fixed assets Property, plant, and equipment $ 24,686 2,813 2,992 2,662 Long-term debt $ 22,844 Other long-term liabilities Total liabilities 3,108 Total shareholders' equity $ 35,449 $ 33,054 Total liabilities and shareholders' equity 2022 2021 $3,412 $ 3,412 $ 394 3,152 $ 3,546 $ 13,642 3,066 $ 20,120 15,329 $ 35,449 $ 12,143 2,966 $ 18,655 14,399…
- You are given the following information about X Corp for the 2022 fiscal year: What is the operating cash flow for 2022? Cost of goods sold Interest Dividends Depreciation Change in retained earnings Tax rate a) $825.00 b) $1,250.00 c) $2,025.00 xd) $2,450.00 101 50 539 1 $6,000 400 300 800 525 34% OCT D XGet correct answer with general accountingCondensed balance sheet and income statement data for Lily Corporation are presented here. 2022 2021 2020 Cash $29,100 17400 $17,800 Accounts receivable (net) 50,000 44700 47,500 Other current assets 90,100 95700 63,500 Investments 54,500 70600 44,000 Property, plant, and equipment (net) 500,500 370700 358,200 724,200 $599,100 531,000 Current liabilities 85,000 80,500 69,100 Long-term debt 144,900 84,200 49,500 Common stock, $10 par 342,000 311,000 299,000 Retained earnings 152,300 123,400 113,400 724,200 599100 531,000 2022 2021 Sales $737,000 605400 less: sales return and allowances 39,900 31000 net sales 697,100 574400 cost of goods sold 424,400 370500 gross profit 272,700 203900 operating expenses (including income taxes) 182,077 $146,460 net income 90,623 57,440 Additional information: 1. The market price of Jergan's common stock was $7, $7.5, $8.5 for 2020, 2021, and 2022. 2. You must compute…
- how did you get these numbers ? Year 2022: Weighted-Average accumulated expenditure Date Amount Capitalization period Weighted Average Accumulated Expenditures 1-Jan-22 $8,100,000 9/9 $8,100,000 31-Jan-22 $450,000 8/9 $400,000 30-Apr-22 $783,000 5/9 $435,000 31-Aug-22 $1,080,000 1/9 $120,000 Total $10,413,000 $9,055,000Subject: acountingirvestment in Harbor, Femur Co. had its own revenues of ($ 4,500,000) and expenses of ($ 3,000,000) for the year 2023. What is the noncontrolling interest in net income? [ egin{array}{1} ext { a } $ 150,000 \ ext { b. } $ 132,000 . \ ext { c. } $ 168,000 . \ext { d. } $ 160,000. \ ext { e. } $ 203,000. end{array}]