Nova Manufacturing had the following 2022 financial statement relationships: Metric Asset Turnover Value 4 Profit Margin on Sales 0.03 What was Nova Manufacturing's percentage return on assets (ROA) in 2022? a) 0.12% b) 1.2% c) 3.0% d) 12.0%
Q: Financial Accounting Question please solve
A: To calculate the expected return for Black Magic Cosmetics Inc. using the Capital Asset Pricing…
Q: U-Too Everwear Corporation can manufacture mountain climbing shoes for $31.15 per pair in variable…
A: Explanation of Total Production Costs:Total production costs represent the overall expenses incurred…
Q: What is Highfield profit margin?
A: To calculate Highfield Corporation's profit margin, we need to determine the net income and divide…
Q: Please provide solution this following requirements on these general accounting question
A: Step 1: Define Return on Investment (ROI)Return on Investment (ROI) is a financial performance…
Q: I'm waiting for answer
A: Impact on Financial StatementsThe financial accounts of a business can be significantly impacted by…
Q: Subject:- General Account
A: Step 1:Ending inventory means the stock lying unsold at the end of accounting period. When the goods…
Q: Need help this question general accounting
A: Step 1: Define OverheadsOverheads are indirect expenses disbursed during an organization's…
Q: Werck pharmaceuticals is evaluationg it's Vioxx division
A: Concept of Controllable Margin:The controllable margin represents the profit a division or…
Q: Accounting question
A: To calculate the cost of equity capital using the Capital Asset Pricing Model (CAPM), we use the…
Q: I need solution
A: Explanation of Owner's Equity:Owner's equity represents the owner's residual interest in a company's…
Q: Financial Accounting
A: Step 1: Define Cost of EquityThe cost of equity is a company's cost arising from raising capital…
Q: General Accounting question
A: Step 1: Define Material VarianceMaterial variance refers to the difference between the standard cost…
Q: Step by step answer
A: Explanation of Net Fixed Assets:Net fixed assets represent the total value of an organization's…
Q: Answer this Question
A: Step 1: Formula The overhead allocated will be based on the actual machine hours and predetermined…
Q: Hello tutor please solve this question general accounting
A: Step 1: Definition of the DuPont FormulaThe DuPont Formula breaks down the Rate of Return on…
Q: What is the 2012 profit margin ratio?
A: The profit margin ratio is calculated by dividing net income by net sales: Profit Margin Ratio =…
Q: Please give me correct answer the accounting question
A: Step 1: Define Gain or Loss on Disposal of Asset:The gain or loss on the disposal of an asset arises…
Q: Flapjack Corporation had 7,809 actual direct labor hours at an actual rate of $12.40 per hour.…
A: Definition of Direct Labor Rate VarianceThe Direct Labor Rate Variance measures the difference…
Q: i wont to this question answer general accounting
A: Step 1: Define Contra-Asset AccountA contra-asset account is a type of accounting account with a…
Q: A firm has inventory of $11, 400, accounts payable of $9, 800, cash of $850, net fixed assets of…
A: To calculate the common-size percentage for net fixed assets, we use the following formula:…
Q: I want to this question answer general Accounting
A: Step 1: Define Investing ActivitiesInvesting activities are defined as those activities of a…
Q: Hii expert please given correct answer general accounting question
A: To calculate the beta of the stock, we use the Capital Asset Pricing Model (CAPM)…
Q: Need help with this general accounting question
A: Step 1: Define Interest ExpenseInterest expense is the cost incurred by a company for borrowed…
Q: California Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1,…
A: To estimate the inventory lost in the earthquake on May 1, 2016, we use the gross profit method.…
Q: Which of the following would not lend itself to applying direct labor variances? a. Customer service…
A: Finding the difference between the standard labor costs for a particular good or service and the…
Q: accounting question
A: The question requires the determination of the stock's beta. Beta measures a stock's volatility…
Q: Financial accounting question
A: Step 1: Define Unit Product CostThe unit product cost is the total cost incurred to produce one unit…
Q: Financial Accounting
A: How to calculate the expected return for Black Magic Cosmetics Inc. using the Capital Asset Pricing…
Q: GEM Company has a unit selling price
A: Explanation of Break-Even Point:The Break-Even Point represents the sales level at which a company's…
Q: Total liabilities for Thompson Handyman services?
A: Explanation of the Accounting Equation:The accounting equation is a fundamental principle that…
Q: Please give me answer general accounting question
A: Part 1: Calculation of Gross ProfitGross Profit = Net Sales - Cost of Goods Sold…
Q: Right answer
A: To calculate the market value of shareholders' equity, we can use the formula: Shareholders' Equity…
Q: General accounting
A: Step 1: Define Income Tax PayableIncome tax payable is a short-term liability account that…
Q: Answer
A: Explanation: Functional currency refers to the currency that represents the primary economic…
Q: General Accounting
A: To calculate the expected return for Black Magic Cosmetics Inc., we use the Capital Asset Pricing…
Q: Degregorio Corporation makes a product that uses a material with the following direct material…
A: Step 1: Determine the Actual Price per Unit• Calculate by dividing total cost of materials purchased…
Q: Give me Answer
A: Concept of Direct Materials:Direct materials refer to the raw materials that are consumed directly…
Q: General Account
A: The correct answer is:b. Property tax on the corporate headquarters. Explanation:Product Costs:…
Q: The land should be recorded in the purchasers book general accounting
A: Step 1: Definition of Fixed AssetsFixed assets are long-term tangible assets used in business…
Q: Sweet Treats Bakery bought 3 mixers: first for $2,000, second for $2,400, and third for $2,800. A…
A: Concept of Total CostThe total cost refers to the combined value of all items purchased before any…
Q: Please solve this general accounting question not use Ai and chatgpt
A: Step 1: Define Profit Margin RatioThe Profit Margin Ratio measures how much net income a company…
Q: general Account
A: The correct answer is:d. Selling and marketing costs. Explanation:Mailing advertisements to…
Q: None
A: Step 1: Definition of Return on Assets (ROA) and Return on Equity (ROE)Return on Assets (ROA): This…
Q: ?
A: Concept of Government Grants: Government grants are financial aids provided by the government to…
Q: General Accounting Question please answer do fast and step by step calculation
A: Step 1: Define Total Variable Overhead VarianceThe total variable overhead variance measures the…
Q: General Accounting
A: Approach to solving the question: To compute the cost of goods sold, we get the difference between…
Q: Hello give general account solution
A: Step 1: Find the Cost of Goods Sold (COGS)= sales - gross profit= $32,200 - $19,800= $12,400 Step 2:…
Q: The second step, when using dollar-value LIFO retail method for inventory, is to determine the…
A: The Dollar-Value LIFO (Last-In, First-Out) Retail Method is a method used in accounting to calculate…
Q: Find ASnswer @ Accounting
A: To answer the question regarding which of the following is an example of a period cost, we need to…
Q: Middy Garden Services provides you with the following information on 28 February 20.9. R Machinery…
A: If you have any help please let me know in comment box thankyou.
General Accounting
Step by step
Solved in 2 steps
- 8. Trend Ratios, Application of some Financial Ratios and their Interpretation Some of the balance sheet and income statement figures of Sapphire Mfg. CO. for 2016, 2017 and 20181 are as follows. 2018 P30,000 2016 2017 Quick assets P40,000 P48,000 65,000 25,000 80,000 50,000 Current assets 50,000 40,000 110,000 200,000 Investments 160,000 135,000 Plants, property and equipment, net Total assets 250,000 265,000 Current liabilities 45,000 50,000 100,000 75,000 Long Term debt Total stockholders' equity 40,000 50,000 105,000 125,000 125,000 Total liabilities and stockholders' Equity 200,000 400,000 240,000 250,000 265,000 Sales 375,000 500,000 Cost of goods sold Operating expenses (including Depreciation of P10,000) 255,000 290,000 110,000 95,000 105,000 Net income 50,000 50,000 130,000 a) Compute for the trend ratios based on the above given data and give your interpretation of the 2017 and 2018 figures.GIVE THE COMPARATIVE INCOME STATEMENT VERTICAL ANALYSIS FROM THE FOLLOWING INCOME STATEMENT BELOW JOLLIBEE INCOME STATEMENT ITEM 2016 2017 2018 2019 2020 Sales/Revenue 113.81B 133.61B 161.17B 179.63B 129.31B Sales Growth - 17.40% 20.62% 11.45% -28.01% Cost of Goods Sold (COGS) incl. D&A - - 132.96B 150.88B 115.39B COGS Growth - - - 13.47% -23.52% COGS excluding D&A 89.27B 105.39B 121.08B 137.38B 100.82B Depreciation & Amortization Expense 4B 4.75B 11.89B 13.5B 14.57B Depreciation 3.93B 4.66B 11.73B 13.34B 14.32B Amortization of Intangibles 68.99M 78.95M 151.82M 145.42M 245.23M Gross Income 20.54B 23.48B 28.21B 28.75B 13.92B Gross Income Growth - 14.30% 20.12% 1.93% -51.57% Gross Profit Margin - - - - 10.77% SG&A Expense - - 17.64B 20.21B 20.42B SGA Growth - - - 14.57% 1.02%…Computing and Interpreting Financial Statement Ratios Following are selected ratios of Norfolk Southern for 2018 and 2017. Return on Assets (ROA) Component 2018 2017 Profitability (Net income/Sales) 25.3% 53.2% Productivity (Sales/Average assets) 0.338 0.319 a. Was the company profitable in 2018?Answer b. Was the company more profitable in 2018 or 2017?Answer c. Is the change in productivity a positive or negative development?Answer d. Compute the company’s ROA for 2018 and for 2017. Note: Round answers to one decimal places (example: 10.4%). ROA 2018 Answer 2017 Answer e. From the information provided, which of the following best explains the change in ROA during 2018? Answer
- Computing and Interpreting Financial Statement Ratios Following are selected ratios of Norfolk Southern for 2018 and 2017. Return on Assets (ROA) Component 2018 2017 Profitability (Net income/Sales) 24.3% 52.2% Productivity (Sales/Average assets) 0.328 0.309 a. Was the company profitable in 2018?AnswerYesNo b. Was the company more profitable in 2018 or 2017?Answer20172018 c. Is the change in productivity a positive or negative development?AnswerPositiveNegative d. Compute the company’s ROA for 2018 and for 2017.Note: Round answers to one decimal places (example: 10.4%). ROA 2018 Answer 2017 AnswerIf you are told that LSJ Company’s net income (12/31/2023) increased 55% when compared to net income (12/31/2022) …this would represent an example of what type of analysis: a. Vertical Analysis b. Horizontal Analysis c. Ratio AnalysisComputing and Interpreting Financial Statement Ratios Following are selected ratios of Norfolk Southern. Return on Assets (ROA) Component Profitability (Net income/Sales) FY4 FY3 25.7% 27.0% Productivity (Sales/Average assets) 0.329 0.291 a. Was the company profitable in FY4? ÷ b. In which year was the company more profitable? ÷ c. Is the change in productivity a positive or negative development? ÷ d. Compute the company's ROA for both years. Note: Enter your answer as a percentage rounded to one decimal place (Ex: 29.4%). FY4 % FY3 % e. From the information, which of the following best explains the change in ROA during FY4?
- Evaluate Aritzia’s profitability for 2022 compared with 2021. In your analysis, compute the following ratios and then comment on what those ratios indicate. 1. Return on sales 2. Asset turnover 3. Return on assets 4. Leverage ratio 5. Return on equity 6. Gross profit percentage 7. Earnings per share (show computation) 8. Book value per shareOperational and Financial SummaryFinancial metricsfor crystal GlobeTravel include a total asset turnoverof 1,25 and a return equity of14,30 %, and a debit ratio of 15 % with total asset amounting to R3588 as per the statementof financial position, and considering the financing structure comprising both debt and equity,what is the net profit margin of the company?Find the following financial ratios for LVMH Moet Hennessy Louis Vuitton SA (use year-end figures rather than average values where appropriate) (Round your answers to 2 decimal places (e.g., 32.16).) : 2015 2016 Short-term solvency ratios: Current ratio Quick ratio Cash ratio Asset utilization ratios: Total asset turnover Inventory turnover Receivables turnover Long-term solvency ratios: Total debt ratio Debt–equity ratio Equity multiplier Times interest earned ratio Profitability ratios: Profit margin % % Return on assets % % Return on equity % %
- What is the profit margin on these general accounting question?XYZ Corporation had the following data in 2022 below: Total assets = P300,000Gross profit margin = 25%Quick ratio = 0.80 xBond payable = P60,000Days sales outstanding = 36 daysDebt ratio = 50%Retained earnings = P97,500Times interest earned= 6 xInventory turnover = 5 xTotal assets turnover = 1.5 xNo. of days in a year = 360 days Tax rate = 35%Compute the total liabilities.XYZ Corporation had the following data in 2022 below: Total assets = P300,000Gross profit margin = 25%Quick ratio = 0.80 xBond payable = P60,000Days sales outstanding = 36 daysDebt ratio = 50%Retained earnings = P97,500Times interest earned= 6 xInventory turnover = 5 xTotal assets turnover = 1.5 xNo. of days in a year = 360 days Tax rate = 35%Compute the average merchandise inventory.
