Nash's Trading Post, LLC reported net income $20,000; net sales $401,000; and average assets $601,000 for 2017. What is the 2017 profit margin?
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- The Global Group LLC, in 2017 reported the following: Net sales = $135,000; Cost of goods sold= $ 48,000; Other expenses =$37,000 and Net income = $50,000. What is the Gross Profit Margin?Use the following Income Statement and Balance Sheet Information for 2018 to answer the question below. This is a Retail Company. All numbers are in Millions. Income Statement Total Sales213.8 Cost of Sales151.3 Gross Profit213.8-151.3 Selling and Administrative Expenses22.3 Research and Development 7.7 Depreciation and Amortization4.5 Other Income2.4 EBIT213.8-151.3-22.3-7.7-4.5+2.4 Interest Expense5.8 Pretax Income213.8-151.3-22.3-7.7-4.5+2.4-5.8 Taxes( 213.8-151.3-22.3-7.7-4.5+2.4-5.8 )*0.30 Net Income( 213.8-151.3-22.3-7.7-4.5+2.4-5.8 )*0.70 Balance Sheet Assets Liabilities Cash65.8Accounts Payable43.3Accounts Receivable54.4Notes Payable/Short term debt1.6Inventories4.4 Total Current Assets65.8+54.4+4.4Total Current Liabilities43.3+1.6 Net property, plant and equipment103.4Long-term debt80.0Total long-term assets103.4Total long-term debt liabilities80.0 Total Liabilities43.3+1.6+80.0 Stockholders' Equity (Total Equity)65.8+ 54.4+4.4+103.4-43.3-1.6-80.0Total…In fiscal year 2018, Wal-Mart Stores (WMT) had revenue of $514.41 billion, gross profit of $129.10 billion, and net income of $6.67 billion. Costco Wholesale Corporation (COST) had revenue of $141.6 billion, gross profit of $18.42 billion, and net income of $3.13 billion. a. Compare the gross margins for Walmart and Costco. b. Compare the net profit margins for Walmart and Costco. c. Which firm was more profitable in 2018? a. Compare the gross margins for Walmart and Costco. The gross margin for Walmart is enter your response here %. (Round to two decimal places.) The gross margin for Costco is enter your response here %. (Round to two decimal places.) Part 3 b. Compare the net profit margins for Walmart and Costco. The net profit margin for Walmart is enter your response here %. (Round to two decimal places.) Part 4 The net profit margin for Costco is enter your response here %. (Round to two decimal places.) c. Which firm was more profitable in 2018? (Select from the…
- Solvency and Profitability Trend Analysis (Graph Picture from A-D is on the buttom for references) Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $273,406 $367,976 $631,176 $884,000 $800,000 Interest expense 616,047 572,003 528,165 495,000 440,000 Income tax expense 31,749 53,560 106,720 160,000 200,000 Total assets (ending balance) 4,417,178 4,124,350 3,732,443 3,338,500 2,750,000 Total stockholders’ equity (ending balance) 3,706,557 3,433,152 3,065,176 2,434,000 1,550,000 Average total assets 4,270,764 3,928,396 3,535,472 3,044,250 2,475,000 Average total stockholders' equity 3,569,855 3,249,164 2,749,588 1,992,000 1,150,000 You have been asked to evaluate…Answer? ? Financial accountingNeed answer this accounting question
- How do I calculate times interest earned for from this? (in millions) 2016 2015 Revenue Product $61,502 $75,956 Service 23,818 17,624 Total revenue 85,320 93,580 Cost of revenue Product 17,880 21,410 Service and other 14,900 11,628 Total cost of revenue 32,780 33,038 Gross margin 52,540 60,542 Research and development 11,988 12,046 Sales and marketing 14,697 15,713 General and administrative 4,563 4,611 Impairment, integration, and restructuring 1,110 10,011 Operating income 20,182 18,161 Dividends and interest income 903 766 Interest expense (1,243) (781) Other income (expense), net (91) 361 Income before taxes 19,751 18,507 Provision for income taxes 2,953 6,314 Net income $16,798 $ 12,193Kannan Carpets, Inc. has asked you to calculate the company's quick ratio for 2016. All you have is a partial balancesheet and some assumptions. Using the information provided, calculate Kannan's quick ratio for 2016. Gross profitmargin = 50%. Inventory turnover (COGS/Inv) = 5. 2001 sales = $3,000 Assets Liabilities & EquityCash ? Accounts payable $50AR $40 Accruals ?Inventory ? Long-term debt $400Net fixed assets $500 Equity 250Total assets $900 Total liab. & equity ?41. For fiscal year 2015, Costco Wholesale Corporation (COST) had a net profit margin of 2.05%, asset turnover of 3.48, and a book equity multiplier of 3.15. a. Use this data to compute Costco's ROE using the DuPont Identity. b. If Costco's managers wanted to increase its ROE by one percentage point, how much higher would their asset turnover need to be? c. If Costco's net profit margin fell by one percentage point, by how much would their asset turnover need to increase to maintain their ROE?