Question 1: Fill in the blanks Sales $87,000 Cost of Goods Sold (COGS) $28,000 Other Expenses $16,900 Gross Income (a) ? Depreciation Expenses $16,200 EBIT (Earnings before Interest and Taxes) (b)? Interest Expense $5,800 Taxable Income, or EBT (c) ? Taxes (21%) (d) ? Net Income (e) ? Dividends $5,600 Additions to Retained Earnings (f) ?

Question 1: Fill in the blanks Sales $87,000 Cost of Goods Sold (COGS) $28,000 Other Expenses $16,900 Gross Income (a) ? Depreciation Expenses $16,200 EBIT (Earnings before Interest and Taxes) (b)? Interest Expense $5,800 Taxable Income, or EBT (c) ? Taxes (21%) (d) ? Net Income (e) ? Dividends $5,600 Additions to Retained Earnings (f) ?

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...

See similar textbooks

Similar questions

Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of goods sold 660.0 Gross profit 135.0 Selling expenses 73.5 EBITDA 61.5 Depreciation expenses 12.0 Earnings before interest and taxes (EBIT) 49.5 Interest expenses 4.5 Earnings before taxes (EBT) 45.0 Taxes (40%) 18.0 Net income 27.0 a. Calculate the ratios you think would be useful in this analysis. b. Construct a DuPont equation, and compare the companys ratios to the industry average ratios. c. Do the balance-sheet accounts or the income statement figures seem to be primarily responsible for the low profits? d. Which specific accounts seem to be most out of line relative to other firms in the industry? e. If the firm had a pronounced seasonal sales pattern or if it grew rapidly during the year, how might that affect the validity of your ratio analysis? How might you correct for such potential problems?
Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): The percent a company adds to its cost of sales to determine selling price is called a markup. What is Tootsie Roll’s markup percent? Round to one decimal place.
Sir pls solve stepwise thanks. Alot.
Please do not give solution in image format thanku
Net Income Interest (Loss) $ 185, 000 179, 600 157, 250 188, 100 Expense $ 59,200 80, 820 Income Taxes a. $ 46, 250 b. 64, 656 66,045 90, 288 C. 44, 030 11, 286 d. Compute times interest earned. Which company indicates the strongest ability to pay interest expense as it comes due? Complete this question by entering your answers In the tabs below. Times Interest Interest Earned Ratio Coverage Compute times interest earned. Times Interest Earned Ratio Company Choose Numerator: Choose Denominator: Ratio %3D %3D times times times !! times !! Interest Coverage >
provide answer pleaser
Provide Answer with calculation and explanation
MALLORY, INC. 2005 Income Statement ($ in millions) $2,179 1,806 139 Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Earnings before taxes Таxes Net income ??? 48 ??? 63 ??? Dividends paid Addition to retained earnings $ 50 $??? Can you find the missing values?
pm.3
17. Cost of goods sold Interest Dividends Depreciation Addition to retained earnings Tax rate $6,409 315 520 811 267 30% What is the operating income (EBIT) given the above information?
answer the questions
Partial Income Statement Excel Exercise Compute the Following ՀԱՐ Sales COGS SG&A Depreciation Debt Int. Rate Tax Rate* 2019 100 40 EBITDA EBIT 25 Interest 10 EBT 0.08 Tax 0.25 Net Income ? ? ? ? ? ? Partial Balance Sheet Debt and Loans 150 Total Equity 150 Total Assets 300 Inv. Change 10 A/R Change A/P Change 35 20 Net Profit Margin Equity Multiplier Verify Dupont ROE ? סיי ? ? ? ? ? * Assume all taxes paid in current period (no accrued taxes) for rest of course CF from Operations ROE Asset Turnover CED Tt O 24