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- The condensed income statement of Nestle Cereal Company is as follows: NESTLE CEREAL COMPANY Income Statements for the years Ended December 31 2020 2019 $ $ Revenue 11,776 10,907 Cost of sales 6,597 6,082 Gross profit 5,179 4,825 Selling and Administrative Expenses 3,311 3,059 PBIT 1,868 1,766 Interest Expense 321 294 PBT 1,547 1,472 Income Tax 444 468 Net Profit 1,103 1,004 Other Information Number of Ordinary Shares 418 418 Stock price at year end $52.92 $50.06 Calculate the following ratios for the year 2020 1. Price Earnings Ratio 2.Dividend YieldCompute for the ; 1. Return on total asset for 2019 2. Return on Ordinary Equity 2019I have obtained Target Corporation’s annual report for its 2018 fiscal year (year ended February 2, 2019). What was Target’s accounting equation for 2018?
- ABC Co. is a manufacturing company and its selected financial statements items are given as following. Net Sales 3 - equals to 32000 for the year 2020 and 28000 for the year 2019. COGS equals to 24000 and 21000 respectively for the year 2020 and 2019. Accounts Receivable for the year 2020 equals to 8500 and 7800 for the year 2019. Inventory equals to 7500 and 6800 respectively for the year 2020 and 2019. Accounts Payable for the year 2020 equals to 11000 and 9000 for the year 2019. (All numbers are in dollars) What is days payable outstanding for the year 2020? a) 118 b) 128 o137 138 d) 148 O O O O ()Calculate the market deemed prospect - price earnings, market-to-book ratios, 2020 and describe the change above aspects in 2020 compared 2019.Review the Republic Financial Holdings Limited 2022 annual report. What recommendations can be made for the preparation of the financial statements ?
- Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $ 510,880 $ 391,376 $ 271,600 Cost of goods sold 307,550 248,524 173,824 Gross profit 203,330 142,852 97,776 Selling expenses 72,545 54,010 35,851 Administrative expenses 45,979 34,441 22,543 Total expenses 118,524 88,451 58,394 Income before taxes 84,806 54,401 39,382 Income tax expense 15,774 11,152 7,995 Net income $ 69,032 $ 43,249 $ 31,387 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets $ 53,905 $ 36,079 $ 48,229 Long-term investments 0 500 3,040 Plant assets, net 101,665 92,652 55,799 Total assets $ 155,570 $ 129,231 $ 107,068 Liabilities and Equity Current liabilities $ 22,713 $ 19,255 $ 18,737 Common stock 68,000 68,000 50,000 Other paid-in capital 8,500 8,500 5,556 Retained earnings 56,357 33,476…a,b, and c pleaseNeed Help ASAP! Calculate the gross profit percentage ratio of Apple Inc. for the year 2020 (current year) and 2019 (previous year) and the gross profit percentage ratio of its industry peer Microsoft Corp. for the year 2020 (current year). Show calculations. Round the ratios to two decimal places
