## MARNI COMPANY### Income Statement### For the Year Ended December 31#### Sales (all on credit)- **$2,000,000**#### Cost of Goods Sold- **$1,750,000**#### Gross Profit- **$250,000**#### Sales and Administrative Expenses- **$30,000**#### Fixed Lease Expenses- **$10,000**#### Depreciation- **$60,000**#### Operating Profit- **$150,000**#### Interest Expense- **$25,000**#### Profit Before Taxes- **$125,000**#### Taxes (40%)- **$50,000**#### Net Income- **$75,000****Note:** Refer to the tables above. The firm's inventory turnover ratio is ____.This image presents the Income Statement of Marni Company for the year ending on December 31. Each section provides detailed insights into the company's financial performance, listing revenues, expenses, and profits. ### Marni Company Financial Statements#### Balance Sheet*As of December 31***Assets:**- Cash: $50,000- Accounts Receivable: $100,000- Inventory: $200,000- Net Plant and Equipment: $650,000**Total Assets:** $1,000,000---**Liabilities and Stockholders' Equity:****Liabilities:**- Accounts Payable: $100,000- Accrued Expenses: $90,000- Long-term Debt: $250,000**Stockholders' Equity:**- Common Stock: $100,000- Paid-in Capital: $50,000- Retained Earnings: $410,000**Total Liabilities and Stockholders' Equity:** $1,000,000---#### Income Statement*For the year ended December 31*- **Sales (all on credit):** $2,000,000- **Cost of Goods Sold (COGS):** $1,750,000- **Gross Profit:** $250,000- **Sales and Administrative Expenses:** $30,000--- **Explanation:**- **Balance Sheet Overview:** - **Assets:** Resources owned by Marni Company, divided into categories like cash, receivables, inventory, and equipment. - **Liabilities:** Funds that the company owes to external parties, such as accounts payable, accrued expenses, and long-term debt. - **Stockholders' Equity:** Funds attributable to shareholders, including stock, paid-in capital, and retained earnings. - **Income Statement Overview:** - Summarizes the company's financial performance over the fiscal year, showing total sales, cost of goods sold, and gross profit. - From the gross profit, sales and administrative expenses are subtracted to provide insight into operating profitability.These financial statements provide a snapshot of Marni Company's fiscal health as of December 31, including detailed accounts of assets, liabilities, equity, sales, and expenses.

Inventory turnover ratio is a measure to determine how many times a company has sold its inventory…

Paid-in capital Retained earnings Total liabilities and stockholders' equity 50,000 410,000 $1,000,000 MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit Sales and administrative expenses Fixed lease expenses $2,000,000 1,750,000 $250,000 30,000 10,000 Depreciation Operating profit Interest expense 60,000 $150,000 25,000 $ 125,000 50,000 %24 Profit before taxes Taxes (40%) Net income 75,000 Refer to the tables above. The firm's inventory turnover ratio is

Paid-in capital Retained earnings Total liabilities and stockholders' equity 50,000 410,000 $1,000,000 MARNI COMPANY Income Statement For the year ended December 31 Sales (all on credit) Cost of goods sold Gross profit Sales and administrative expenses Fixed lease expenses $2,000,000 1,750,000 $250,000 30,000 10,000 Depreciation Operating profit Interest expense 60,000 $150,000 25,000 $ 125,000 50,000 %24 Profit before taxes Taxes (40%) Net income 75,000 Refer to the tables above. The firm's inventory turnover ratio is

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Fixed assets 267.5 million Sales 1,100.0 million Net Income 52.0 million Current liabilities 106.8 million Current ratio 3.10x Days sales outstanding 41.25 days Return on equity 12.50% Compute the return on assets.
calculate: Debt ratio Interest coverage ratio Dividend yield current asset- 1.170.7 million inventory- 859.9 million currant liability- 885.8 million total dedt- 1.598.8 million total assets- 2.452.3 million operating profit- 1.230.5 million interest expense- 10,700 thousand
Accounts Payable Notes Payable Long Term Debt Common Stock Retained Earnings Total Liabilities & Equity $ 275,000 $ 315,000 $ 495,000 $ 925,000 $2,450,000 $4,460,000 Pre-Tax Cost of Debt: Intermediate Debt: 4.5% Long Term Debt: 6.5% Tax Rate: 21% Return on Equity: 11% Dividends per share: $0.20 Earnings per share: $0.90 C/S market price: $55 C/S outstanding: 80000 shares This company uses intermediate debt, long-term debt and common equity to finance its operations. With the information presented above: a. Calculate the firm's debt ratio (book value and market value based) b. Calculate the firm's WACC c. Calculate the new firm's WACC if the firm issued 150,000 new common stock at a flotation cost of $1.20 per share. The new issuance generates $4.5 million.
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Net sales Cost of goods sold Gross margin Operating expenses Net income Cash Accounts receivable, net Merchandise inventory Plant assets, net Total assets Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equity Goliath Company Comparative Income Statements For Years Ended December 31 Current Year One Year Ago $ 206,000 $ 184,000 108,000 121,000 85,000 45,000 $ 40,000 76,000 40,000 $ 36,000 Goliath Company Comparative Balance Sheets For Years Ended December 31 Current Year $ 153,000 58,000 30,000 170,000 $ 411,000 $ 36,000 190,000 60,000 125,000 $ 411,000 Required: Using the above information, compute the following: Two Years Ago $ 160,000 92,000 68,000 36,000 $ 32,000 One Year Ago $ 158,000 52,000 17,000 170,000 $ 397,000 $ 32,000 220,000 60,000 85,000 $ 397,000 Three Years Ago $ 114,000 78,000 36,000 19,000 $ 17,000 Two Years Ago $ 129,000 45,000 23,000 140,000 $ 337,000 $ 28,000 200,000 60,000 49,000 $ 337,000 Three Years Ago $ 156,000…
Led Zeppelin, Inc. Sales $34,000,000 Gross profit margin Operating profit margin Net profit margin Return on total assets 84% 33% 8% 16.8% 21% Return on common equity Total asset turnover 2.1 Average collection period (days) 53.5 Calculate values for the following: a. Gross profits b. Cost of goods sold c. Operating profits d. Operating expenses e. Earnings available for common stockholders f. Total assets g. Total common stock equity h. Accounts receivable
The following are the details from the income statements of division S and division C for the year ending March 2014. Figures in TZS "000" Sales revenue 100,000 64,000 6,000 120,000 75,000 10,000 150,000 Operating cost Interest cost Capital invested 122,000 Capital invested include debt WACC 10% 12.5% Rate of corporate tax 40% 44% Required: Calculate NOPAT as adjusted for EVA and also calculate EVA for both the divisions. Which Division performed better?
Bhupatbhai
Particulars Amount Rs. Turnover 4,000,000 Purchases 2,750,000 Stock as at 1st April -2019 500,000 Other income 40,000 Administration Expenses 200,000 Selling and Distribution cost 160,000 Finance Cost 90,000 Other expenses 60,000 Share capital 1,500,000 Income tax 148,000 Reserves 618,000 Long term Bank Loan 800,000 Other long term loans 200,000 Creditors 300,000 Other short-term payables 1,200,000 Property, Plant and Equipments 1,750,000 Investment 250,000 Fixed Deposit 950,000 Debtors 1,000,000 Other receivables 600,000 Cash and bank balance 200,000 Additional Information Closing Stock as at 1st April 2020 - Rs. 250,000 Debt includes only long term liability (for the purpose of ratio Calculation) and Equity includes Share capital, Retained profit and Reserves. You are required to…
Clean Company Balance Sheet Cash 68,200 Accounts payable 113,500 Accounts 295,000 Notes payable 73,900 receivable Other current Inventories 212,000 101,000 liabilities Total Current Total Current 575,200 288,400 assets liabilities PP&E Net 257,400 Long-term debt 226,500 Total Equity 317,700 Total Liabilities + Total Assets 832,600 832,600 Equity Clean Company Income Statement Sales $1,414,600 Cost of sales 1,190,640 Gross profit 223,960 Operating expenses 125,840 Depreciation 36,520 EBIT 61,600 Interest expenses 21,560 Earnings before 40,040 taxes Taxes (40%) 16,016 Net profit 24,024
NRH Corp.Common-sizeIncome Statement Sales 100% Cost of goods sold 63 Operating expenses 21 Interest expense 5 Income tax 4 Net income 7% Sales $8,000,000 NRH Corp. Common-size Balance Sheet Cash 5% Accounts receivable 20 Inventory 25 PP&E, net 50 Total assets 100% Short-term debt 20% Long-term debt 35 Common equity 45 Total liabilities and equity 100% Total assets $6,000,000 NRH Corp’s current ratio is closest to: 1.90. 1.20. 2.50. NRH Corp’s times interest earned ratio is closest to: 1.6. 7.0. 3.2.
Income Statement Balance Sheet Sales $ 29,300 Assets $ 22,500 Debt $ 6,000 Costs 22,870 Equity 16,500 Net income $ 6,430 Total $ 22,500 Total $ 22,500 The company has predicted a sales increase of 6 percent. Assume the company pays out half of net income in the form of a cash dividend. Costs and assets vary with sales, but debt and equity do not. Prepare the pro forma statements. (Input all amounts as positive values. Do not round intermediate calculations and round your answers to the nearest whole dollar amount.) Pro forma income statement Pro forma balance sheet Sales Assets Debt Costs Equity Net income Total Total What is the external financing needed?

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