Peyton's Palace has net income of $13.5 million on sales revenue of $115 million. Total assets were $81 million at the beginning of the year and $89 million at the end of the year. Calculate Peyton's return on assets, profit margin, and asset turnover ratios. (Enter your answers in millions. (i.e., $5,500,000 should be entered as 5.5).) Peyton's Palace Peyton's Palace Peyton's Palace Return on Assets Numerator/Denominator Profit Margin Numerator/Denominator + Asset Turnover Numerator/Denominator < Prev 7 of 8 Amounts Amounts Amounts ⠀⠀ Check my work Next > times

Peyton's Palace has net income of $13.5 million on sales revenue of $115 million. Total assets were $81 million at the beginning of the year and $89 million at the end of the year. Calculate Peyton's return on assets, profit margin, and asset turnover ratios. (Enter your answers in millions. (i.e., $5,500,000 should be entered as 5.5).) Peyton's Palace Peyton's Palace Peyton's Palace Return on Assets Numerator/Denominator Profit Margin Numerator/Denominator + Asset Turnover Numerator/Denominator < Prev 7 of 8 Amounts Amounts Amounts ⠀⠀ Check my work Next > times

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Brad’s BBQ reported sales of $735,000 and net income of $28,000. Brad’s also reported ending total assets of $496,000 and beginning total assets of $389,000.Required:Calculate the return on assets, the profit margin, and the asset turnover ratio for Brad’s BBQ.
I need help to determine the following; 3. For P & B Manufacturing to asses their asset management I need help to calculate the average collection period (assuming all sales are on account) AND the average sale period (use 365 days in a year). Include calculations and round answers to 2 decimal places.
The following data were included in a recent Papaya Incorporated annual report (in millions): Net revenue Net property, plant, and equipment 2015 $ 163,500 15,620 2016 $167,910 17,000 2017 $ 82,225 2018 4,960 $120,119 9,380 Required: 1. Compute Papaya's fixed asset turnover ratio for 2016, 2017, and 2018. 2. During 2018, Bigley reported a fixed asset turnover ratio of 8.1. Was Papaya's turnover better or worse than Bigley's in that year?
Financial update as of June 15 • Your existing business generates $135,000 in EBIT. • The corporate tax rate applicable to your business is 25%. • The depreciation expense reported in the financial statements is $25,714. • You don’t need to spend any money for new equipment in your existing cafés; however, you do need $20,250 of additional cash. • You also need to purchase $10,800 in additional supplies—such as tableclothes and napkins, and more formal tableware—on credit. • It is also estimated that your accruals, including taxes and wages payable, will increase by $6,750. Based on your evaluation you have______in free cash flow.
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Analyze Deere & Company Deere & Company (DE) manufactures and distributes farm and construction machinery that it sells around the world. In addition to its manufacturing operations, Deere's credit division loans money to customers to finance the purchase of their farm and construction equipment. The following information is available for three recent years (in millions except per-share amounts): Year 3 Year 2 Year 1 Net income (loss) $1,523.9 $1,940.0 $3,161.7 Preferred dividends $ 0.00 $ 763.7 $ 680.0 $ 664.0 $ 0.00 $0.00 Interest expense Shares outstanding for computing earnings per share 315 334 363 Cash dividend per share $ 2.40 $ 2.40 $ 2.22 $ 57,965 $ 59,642 $ 60,429 $ 6,644 $ 7,912 $ 9,667 $ 92.03 $ 81.10 $ 85.58 Average total assets Average stockholders' equity Average stock price per share 1. Calculate the following ratios for each year (Round ratios and percentages to one decimal place, except for per-share amounts. Round per-share amounts to two decimal places.): Year 3…
= Listen Industrial Incorporated has the following account balances: COGS = 4,800; Depreciation = 600; Interest = 300; rent = 1,200; Salaries= 3,600; Sales = 12,000, Taxes = 420. Industrial Incorporated's Operating Cash Flow is_ $1,980 $1,450 $1,800 $1,680 O $1,080
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ang Services has annual revenue of $37,800, cost of goods sold of $23,200, and administrative expenses of $6,300. The firm paid $700 in dividends, $280 in interest, and has a total tax rate of 21 percent. The firm will add $2,810 to retained earnings. What is the depreciation expense? Multiple Choice a. $2,300 b. $3,709 c. $2,640 d. $780 e. $3,577
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