Quinto Capital (Sept 1) P20,000 (Jan 1) P165,000 (Apr 1) 75,000 Requirements: Prepare journal entries, dividing the profit for the year 2020 by using each of the following independent methods: 1. Beginning capital ratio 2. Average capital ratio (show average capital computations) 3. Ending capital ratio 4. Interest of 10% on average capital; annual salaries - Pinto, P12,000; Quinto, P6,000; the remainder, equally 5. Same as in No. 4, only that instead of P98,000 profit, the partnership earned P20.000 only
Q: For the year ending March 31, 2019, Northern Air Cooling Corporation has: Total assets =…
A: given, Total assets = $109,931,999 ROA = 9.67 % ROE = 11.19 % Net profit margin = 10.59 %
Q: Caspian is a manufacturer of water filters. Its management has projected values for the following…
A: Balance Sheet The purpose of preparing the balance sheet to know the actual balance of net assets…
Q: Prepare a schedule computing the net cash flow from operating activities that would be shown on a…
A: Cash flow from Operating Activities:- It indicates the amount of money of a company brings in from…
Q: Margaret O'Flaherty, a portfolio manager for MCF Investments, is considering investing in Alpine…
A: EBIT = Net Income + Interest + Taxes Total Capitalization= Long term debt + Net worth Funds…
Q: Surmani Company has a condensed income statement as shown. Use the following statement to answer…
A: Amount Change in Sales = Current Year (2020) - Base Year (2019) = $ 185000 - $ 207000 = - $ 22000…
Q: Period Ending: 12/31/2020 12/31/2019 12/31/2018 12/31/2017 Liquidity Ratios Current Ratio…
A: The balance sheet consists of Assets which includes noncurrent assets, Current assets and…
Q: Directions: Prepare the Statement of changes in equity. |Capital beginning Additional Investment…
A: Statement of changes in equity is important financial statement of business, which shows all changes…
Q: Cash Accounts Receivable Inventory Current Assets Fixed Assets Gross Accumulated Deprecation Net…
A: The metric widely employed to assess and interpret an entity's financial reports is ratio analysis.…
Q: 19. Using the following information, calculate the return on assets. Net income for November $…
A: ROA is return on assets. It is a ratio which helps to determine the return generated by the entity…
Q: Calculate the dividend payout ratio (dividends of $1.25 per common share for the year) for…
A: Weighted average no. of Common stock outstanding = (104,600/0.25+103,800/0.25)/2…
Q: Calculate the price/earnings ratio (market price of $48 at year-end) for 2020. (Round answer to 1…
A: The Price-earnings ratio is the ratio that compares the company's current market price and the…
Q: Six Measures of Solvency or Profitability The following data were taken from the financial…
A: Assets Turnover :— It is the ratio between net sales and average total assets. Return on total…
Q: ties: rent liabilities e payable, 6%, due in 15 years al liabilities holders' equity:
A: (a)Ratio of fixed assets to long-term liabilities = $1426600/$1019000= 1.4 times OR 140%(b)Ratio of…
Q: 19. Using the following information, calculate the return on assets. Net income for November Total…
A: Lets understand the basics. ROA stands for return on assets. Return on assets is calculated as net…
Q: Sales: $300 Depreciation expense: $20 Interest expense: $40 Tax expense: $40 Net worth: $150 2 In…
A: Net income is calculated as shown below.
Q: Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, e.g 1.83 and all…
A: RATIO ANALYSISRatio analysis is the process of determining and interpreting numerical relationships…
Q: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 Assets Current…
A: Ratio analysis is an important technique which helps investors to analyze company's performance in…
Q: Estimate the value of a share of common stock using the residual operating income (ROPI) model as of…
A: Information Provided: Discount rate (WACC) of 7.8% Humana 2018 2019 2020 2021 2022 Terminal…
Q: Required: Compute the following: (For Requirements 1 to 4, enter your percentage answers rounded to…
A: As per Bartleby Honor Code, when a question with multiple sub-parts has been asked, the expert is…
Q: Projecting NOPAT and NOA Using Parsimonious Forecasting Method Following are Logitech's sales, net…
A: Step 1: Calculating NOPAT for 2020To calculate NOPAT for 2020 using the parsimonious forecasting…
Q: Selected 2020 balance sheet and income statement information for Vkusno & Tochka Corporation and…
A: Return on assets is a ratio that tells about the profit that generated by the total assets during a…
Q: Condensed balance sheet and income statement data for Oriole Corporation are presented here. Oriole…
A: Ratio Analysis -The ratio is the technique used by the prospective investor or an individual or…
Q: Income statement 2018 ( Mkr ) Revenue 95840 Operating expenses -94870 Operating profit 970…
A: NOTE : As per BARTLEBY guidelines, when multiple sub parts are given then first three sub parts are…
Q: Cash Accounts receivable (net) Other current assets Investments Plant and equipment (net) 1. NOVAK…
A: The ratio is the technique used by the prospective investor or an individual or strategist to read…
Q: ill in thr blanks on the table below and show the formulas used for each value Dayton, Inc.…
A: Under common size analysis of income statement, all items of income statement except tax expense are…
Q: Swiss Group reports net income of $40,000 for 2019. At the beginning of 2019, Swiss Group had…
A: Return on Assets (ROA) - It is indicated the effectiveness of the generating revenue from the total…
Q: You are given the following information. What is your liquidity ratio? Annual disposable income:…
A: Annual disposable income: $45,000Total liabilities: $17,400Annual savings: $2,400Long-term assets:…
Q: Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $…
A: For vertical analysis, the items of income statement are compared to sales in percentage form.
Q: The 2020 Annual Report of Sheffield International contains the following information. (in millions)…
A: Asset turnover ratio is a type of ratio that shows the total sales of a company as a time of the…
Q: Here are the abbreviated financial statements for Planner’s Peanuts: INCOME STATEMENT, 2019 Sales $…
A: Here,Total Assets of 2019 is $7,000Total Equity of 2019 is 6,000Net Income of 2019 is $1,500Payout…
Q: 2019: Profit Margin – Profit $1435 / Net Sales $38,464 = 0.037:1 OR 3.7% Working Capital – Current…
A:
Q: for the year ending december 31 2019, settles inc. eanred an ROI of 8.8%. Sales for the year were 16…
A: Net income: Net income is the excess amount of revenue after deducting all the expenses of a…
Q: With the following transactions, determine the Cost of Good Sold for a Manufacturing plant. A $7000…
A: Total manufacturing costs :— It is the total cost incurred in the manufacturing of product during…
Q: Para el año que culmina el 30 de junio de 2018, Northern Air Cooling Corporation tiene: Total…
A: The objective of the question is to calculate the net income, sales, and debt-to-equity ratio for…
Q: Use the following selected 2019 balance sheet and income statement information for Homer Glen Supply…
A: "The gross profit percentage is a financial metric that reveals the connection between a company's…
Q: Calculate the following ratios for 2025 and 2026. (Round current ratio to 2 decimal places, e.g.…
A: Ratio analysis is a mathematical method for examining the balance sheet and income statement of a…
Q: Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet…
A: Cash and Marketable Securities = c = $670,000Accounts Receivable = ar = $870,000Inventory = i =…
Q: Projecting NOPAT and NOA Using Parsimonious Forecasting Method Following are Logitech's sales, net…
A: To forecast Logitech's sales, NOPAT, and NOA for fiscal years ended March 31, 2020 through 2023…
Q: CASE4: Sally Manufacturing company had sales totaling $40,000,000 in fiscal year 2020. Some ratios…
A: A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken…
Q: Projecting NOPAT and NOA Using Parsimonious Forecasting Method Following are Logitech's sales, net…
A: The objective of the question is to forecast Logitech's NOPAT and NOA for fiscal years ended March…
Q: The 2023 annual report for Pronghorn Industries Inc. contained the following information:…
A: Return on assets is calculated by multiplying profit margin and asset turnover ratio. Profit margin…
Q: BCD Company had sales Revenue of $500,000 for the year 2019. Its cost of goods sold was $240,000,…
A: Income statement: All revenues and expenses of the company generated or incurred for the period are…
Q: 19. Using the following information, calculate the return on assets. Net income for November 5,000…
A: Return on assets is the financial ratio to find out the profitability generated by total assets. It…
Q: Memphis Co. reported the following information for 2021: Sales revenue: $780,000 Interest revenue…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Step by step
Solved in 7 steps with 5 images
- K McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement: Year Ended December 31, 2024 Net income Income tax expense Interest expense $ 22,950 6,600 3,000 What was McDaniel's times-interest-earned ratio for 2024? OA. 7.65 OB. 10.85 OC. 9.85 OD. 8.65 point(s) possible ...25. Coronado Inc., a greeting card company, had the following statements prepared as of December 31, 2020. CORONADO INC.COMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $5,900 $7,000 Accounts receivable 61,400 51,500 Short-term debt investments (available-for-sale) 35,000 18,200 Inventory 40,000 60,500 Prepaid rent 5,000 4,100 Equipment 152,900 131,100 Accumulated depreciation—equipment (35,200 ) (25,100 ) Copyrights 45,800 50,000 Total assets $310,800 $297,300 Accounts payable $46,100 $40,100 Income taxes payable 3,900 5,900 Salaries and wages payable 8,000 4,000 Short-term loans payable 8,100 10,000 Long-term loans payable 60,400 69,300 Common stock, $10 par 100,000 100,000…Examine the selected data over the 5-year period as shown in the table below for Dumbledore Ltd. Item Sales Cost of sales EBIT Interest NPAT Current assets Total assets current liabilities Total liabilities Equity Gross margin Interest coverage Current ratio 2021 $m 286.41 180.03 51.18 37.07 35.13 43.85 226.18 55.99 98.99 127.19 0.37 1.38 0.78 Year 2020 $m 280.80 166.69 51.08 33.70 35.10 43.20 221.75 53.58 91.66 130.09 0.41 1.52 0.81 2019 $m 275.29 154.35 50.98 30.64 35.06 42.56 217.40 51.27 84.87 132.53 0.44 1.66 0.89 2018 $m 269.89 142.91 50.88 27.85 35.03 41.93 213.13 49.06 78.58 134.56 0.47 1.83 U.OJ 2017 $m 264.60 134.19 49.88 25.32 34.51 41.31 206.93 47.40 74.48 132.44 0.49 1.97 0.87 2016 $m 252.00 126.00 48.90 24.00 34.00 40.70 200.90 45.80 70.60 130.30 0.50 2.04 0.89
- • The following is available for Golden Corporation for 2019: Sales 2,000,000 Average invested capital (assets) 500,000 Net income 300,000 Cost of capital 18% What is the return on investment for Golden Corp.? 1. 15% 2. 18% 3.33% 4. 60% O 1 O 2 3. 4On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances:Accounts Debit CreditCash $ 42,700Accounts Receivable 44,500Supplies 7,500Equipment 64,000Accumulated Depreciation $ 9,000Accounts Payable 14,600Common Stock, $1 par value 10,000Additional Paid-in Capital 80,000Retained Earnings 45,100Totals $ 158,700 $ 158,700During January 2021, the following transactions occur:January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000.January 9 Provide services to customers on account, $14,300.January 10 Purchase…Current Attempt in Progress Suppose McDonald's 2025 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities (a1) a. b. C. $3,330.0 Compute the following values. d. 30,230.0 3,000.0 15,719.6 Interest expense Income taxes Net income $480.0 1,938.0 4,542.0 Working capital. (Round to 1 decimal place in millions, e.g. 5,275.5.) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) $ millions :1 % times
- Problem 17-2A (Algo) Ratios, common-size statements, and trend percer [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2021 $546,242 328,838 217,404 77,566 49,162 126,728 90,676 16,866 $ 73,810 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income KORBIN COMPANY Comparative Balance Sheets December 31 2020 $ 418,466 263,634 2021 % 154,832 57,748 36,825 94,573 60, 259 12,353 $ 47,906 % $61,141 0 113,547…The following income statement and balance sheets for Virtual Gaming Systems are provided. VIRTUAL GAMING SYSTEMS Income Statement For the year ended December 31, 2021 Net sales Cost of goods sold Gross profit Expenses: Operating expenses. Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Investment in bonds $852,000 27,000 7,400 12,000 42,000 $3,006,000 1,944,000 1,062,000 940, 400 $ 121,600 VIRTUAL GAMING SYSTEMS Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable. Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Balance Sheets December 31 2021 $180,000 75,000 99,000 11,400 99,000 204,000 264,000 (63,000) $869,400 $ 60,000 4,800 12,000 279,000 294,000 219,600 2020 $138,000 54,000 129,000…Calculate the earnings per share (average of 420,000 shares outstanding for the year) for 2020. (Round answer to 2 decimal places, e.g. 2.55.) Earning per share $enter the earning per share in dollars rounded to 2 decimal places per share Matthias Medical manufactures hospital beds and other institutional furniture. The company’s comparative balance sheet and income statement for 2019 and 2020 follow. Matthias MedicalComparative Balance SheetAs of December 31 2020 2019 Assets Current assets Cash $397,220 $417,400 Accounts receivable, net 906,800 776,400 Inventory 743,000 681,000 Other current assets 381,300 247,000 Total current assets 2,428,320 2,121,800 Property, plant, & equipment, net 8,678,000 8,440,100 Total assets $11,106,320 $10,561,900 Liabilities and Stockholders’ Equity Current liabilities $2,934,700…
- Requirement 1. Compute these ratios: Working Capital Current Debt-to- Ratio Cash Ratio Debt Ratio Equity Ratio Round ratios to two 14.44 212400 7.73 decimal places or format as percentages or Accounts Days Sales currency as appropriate. Inventory Days Sales in Gross ProfitReceivable in Turnover Inventory Percentage Turnover Receivables 2019 Total Assets = Rate of Rate of Asset Return on Return on Turnover Stockholders' Earnings Total Assets Ratio Equity Per Share 2019 SHE = Price/ Earnings *Current Stock Price is Dividend $10.00 per share Ratio* Dividend Yield Payout Dividend per share= Requirement 2. Based on the ratios computed above, analyze the company's ability to pay its debts (both current and long term). Refer to at least 3 specific ratios in your analysis. Requirement 3: Based on the ratios computed above, analyze the company's management of inventory. Refer to at least 2 specific ratios in your analysis. Requirement 4: Based on the ratios computed above, analyze the company's…All-Hands Property & Casualty Insurance Company has the following financial ratios. 2019 2018 Loss Ratio 67.8 68.1 Expense Ratio 24.2 25.1 Net Investment Yield 3.5 4.0 a. Calculate the Combined Ratio {Loss Ratio + Expense Ratio} for each year. Combined Ratio 2019 Combined Ratio 2018 b. Calculate the Overall Profitability Ratios Overall Profitability Ratio 2019 Overall Profitability Ratio 2018 why the Overall Profitability Ratio Changed in 2019 Based on the Loss Ratio, Expense Ratio, and Net Investment Yield Trends?5. Economic Value Added (EVA) Fink Company presents the following year-end data: Current assets Non-current assets Current liabilities Non-current liabilities (10% interest rate) Stockholders' equity Additional data: Income before interests and taxes: P 800,000. Income tax rate: 20%. Cost of equity capital: 12%. REQUIRED: 1. Weighted Average Costs of Capital (WACC) 2. Economic Value-Added (EVA) Book Value P 800,000 3,200,000 400,000 1,000,000 2,600,000 Fair Value P 1,000,000 3,000,000