ROI and 2019 ROE
Q: Computing and Disaggregating Return on Equity Following are selected balance sheet and income…
A: a. Calculate Ralph Lauren’s return on equity for the fiscal year ended April 2, 2020. $…
Q: 2. Complete the below table to calculate income statement data in common-size percents. (Round your…
A: Common size financial statement refers to an analysis statement of the record of a company in a…
Q: Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative…
A: The objective of the question is to calculate the common-size percentages for the income statement…
Q: The following are summary financial statement data for a company for 2020 – 2022. ($ thousands)…
A: Answer:- 1. Return on assets = (Net income / Average total assets ) x 1002. Average total asset =…
Q: Following are the income statement and balance sheet of ADP Inc. DATA PROCESSING INC. Statement of…
A: The cash flow statement assesses a corporation's ability to handle its cash balance, or how…
Q: Here are the comparative income statements of Blue Spruce Corp.. BLUE SPRUCE CORP. Comparative…
A: In this question, we have been asked to make two types of income statements, one horizontal and the…
Q: Using the fiscal year end 2019 annual report for General Mills, Inc. and the figures from the 2017…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: a. Use the financial statements along with the additional information below to forecast property,…
A: Step 1 As per US GAAP , all the property , plants and equipment's should be present in the books of…
Q: Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current…
A: Horizontal analysis is the analysis made out of the comparison of financial statements for multiple…
Q: Forecasting an Income Statement ADP reports the following income statement. AUTOMATIC DATA…
A: Income statement is part of financial statements. It includes revenue and expenses of a period.…
Q: Presented below are the comparative income and retained earnings statements for Bridgeport Inc. for…
A: The amount of profit a business has left over after covering all of its direct and indirect…
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: Here is financial information for Metlock, Inc.. Please explain as well :) December 31, 2020…
A: Lets understand the basics. There are two type of analysis are made by the management which are, (1)…
Q: [The following information applies to the questions displayed below.] 2021 2020 2019 Selected…
A: Current Ratio: A liquidity ratio that evaluates a company's capacity to pay short-term debts or…
Q: Using the fiscal year end 2020 annual report for General Mills, Inc. and the figures from the 2020…
A: Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational…
Q: Forecast an Income Statement Following is the income statement for Medtronic PLC. Consolidated…
A: Forecasted Income statement: A forecasted income statement shows the budgeted income and expenses of…
Q: Seagate Technology reports the following income statement for fiscal 2019. SEGATE TECHNOLOGY PLC…
A: Income statements refer to the showing of the revenues or expenses earned during a period by the…
Q: Using the fiscal year end 2020 annual report for General Mills, Inc. and the figures from the 2020…
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…
Q: Prepare a multi-step vertical analysis income statement for Brea Corporation as of December 31, 2020…
A: The income statement contain items of revenues and expenses and shows the profitability of the…
Q: Forecasting an Income Statement ADP reports the following income statement. AUTOMATIC DATA…
A: Operating expenses have a significant impact on a company's profitability and cash flow. Operating…
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: INCOME STATEMENT, 2022 Sales Cost Net income BALANCE SHEET, YEAR-END Assets $ 7,500 Total 5,900 $…
A:
Q: 2. Complete the below table to calculate income statement data in common-size percents. Note: Round…
A: Common-size Statements are accounting statements expressed in percentage of some base figures. It…
Q: es The 2021 income statement of Adrian Express reports sales of $22,110,000, cost of goods sold of…
A: RATIO ANALYSISRatio analysis is the process of determining and interpreting numerical relationships…
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: Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are…
A: Ratio analysis means where different ratio of various years of years companies has been compared and…
Q: Selected comparative financial statements of Korbin Company follow. Sales Cost of goods sold Gross…
A: Income statement is the financial statement which is prepared by the entity for reporting and…
Q: Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current…
A: Given that, Current assets for the year ending december 31, 2021 = $62,574 2020 = $41,881 2019 =…
Q: December 31, 2020 December 31, 2017 Current assets $106,000 $90,000 Plant assets (net) 400,000…
A: Horizontal Analysis refers to the comparative report of the balance sheets of different years.
Q: Complete the below table to calculate the balance she ata in trend percents with 2019 as base year.…
A: Introduction:- Trend analysis is one of the accounting technique. Accounting techniques known as…
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: Ratio proficiency McDougal Printing, Inc., had sales totaling $35,000,000 in fiscal year 2019. Some…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Using the fiscal year end 2020 annual report for General Mills, Inc. and the figures from the 2020…
A: Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational…
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: Forecast an Income Statement Seagate Technology reports the following income statement for fiscal…
A: Income statement: Under this Statement showing the company’s performance over a period of time by…
Q: Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2019 Sales…
A: a).Balancing itemDividendsb).Value $250 THANK YOU
Q: Data for Kahn, Inc. follows: Kahn, Inc. Comparative…
A: Formula: Net income = Revenues - expenses Deduction of expenses from revenues derives the net…
Q: Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative…
A: Current Ratio measures the ability of an organization to pay its bills in the near term. It is a…
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: KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020,…
A: Lets understand the basics. There are various type of analysis is prepared by the management to…
Q: Required information [The following information applies to the questions displayed below.] Selected…
A: A balance sheet refers to a statement that signifies the financial position of the company at a…
Q: the provided spaces below with two decimal places. Medtronic PLC Consolidated Statement of Income…
A: Consolidated balance sheet refers to the Financial cal document that reflects the assets and…
Q: CAN SOMEONE HELP ME WITH THE RATIOS? The comparative statements of Wahlberg Company are…
A: Solution:- calculation of ratios as follows under:-
Q: Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative…
A: The dollar amount of an account in a given year divided by the dollar balance of the account's base…
Q: Refine Assumptions for PPE Forecast Following are the income statement and balance sheet for…
A: PPE Valuation: The presentation of PPE (Plant, Property, and Equipment) as per the US GAAP requires…
Q: Prepare a horizontal analysis of the following comparative income statement for the Buff Bodies…
A: Horizontal analysis is prepared to calculate the variance from previous year by showing…
Bartleby, can you please calculate 2019 ROI and 2019 ROE, based on the following information. Presented here are summarized data from the balance sheets and income statements of Wiper Inc.:
WIPER INC. | |||||||||
Condensed Balance Sheets | |||||||||
December 31, 2020, 2019, 2018 | |||||||||
(in millions) | |||||||||
2020 | 2019 | 2018 | |||||||
Current assets | $ | 650 | $ | 900 | $ | 700 | |||
Other assets | 2,750 | 2,050 | 1,750 | ||||||
Total assets | $ | 3,400 | $ | 2,950 | $ | 2,450 | |||
Current liabilities | $ | 500 | $ | 800 | $ | 700 | |||
Long-term liabilities | 1,500 | 1,000 | 800 | ||||||
1,400 | 1,150 | 950 | |||||||
Total liabilities and stockholders' equity | $ | 3,400 | $ | 2,950 | $ | 2,450 | |||
WIPER INC. | ||||||
Selected Income Statement and Other Data | ||||||
For the year Ended December 31, 2020 and 2019 | ||||||
(in millions) | ||||||
2020 | 2019 | |||||
Income statement data: | ||||||
Sales | $ | 3,300 | $ | 2,900 | ||
Operating income | 380 | 300 | ||||
Interest expense | 80 | 70 | ||||
Net income | 300 | 230 | ||||
Other data: | ||||||
Average number of common shares outstanding | 44 | 42 | ||||
Total dividends paid | $ | 50 | $ | 30 | ||
Step by step
Solved in 3 steps
- Compute and Interpret Ratios Selected balance sheet and income statement information from Illinois Tool Works follows. $ millions 2019 2018 2017 Net operating profit after tax (NOPAT) $2,349 $2,440 Net income 2,269 2,307 Total assets 14,315 14,127 $15,941 Equity 2,875 3,091 3,091 8,426 8,989 9,585 Net operating profit after tax (NOA) Treasury stock 17,084 15,791 14,006 a. Compute profitability measures: RNOA, ROA and ROE for 2019 and 2018 using the numbers as reported by the company. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). Metric 2019 2018 RNOA 16.4% 17.3% ROA 15.8% 16.3% ROE 78.9 % 74.6% b. Adjust equity and total assets for the amount of treasury stock. $ millions 2019 2018 2017 Assets, restated $ 0 $ 0 $ 0 Equity, restated 0 $ 0 $ 0 Using these restated numbers, recompute RNOA, ROA and ROE for both years. Note: Round answers to one decimal place (ex: 0.2345 = 23.5%). Metric 2019 2018 RNOA 0% 0% ROA 0% 0% ROE 0% 0% c. Which profitability measures (from part a…Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales $ 541,916 $ 415,152 $ 288,100 Cost of goods sold 326,233 260,300 184,384 Gross profit 215,683 154,852 103,716 Selling expenses 76,952 57,291 38,029 Administrative expenses 48,772 36,533 23,912 Total expenses 125,724 93,824 61,941 Income before taxes 89,959 61,028 41,775 Income tax expense 16,732 12,511 8,480 Net income $ 73,227 $ 48,517 $ 33,295 KORBIN COMPANY Comparative Balance Sheets December 31 2021 2020 2019 Assets Current assets $ 57,416 $ 38,429 $ 51,370 Long-term investments 0 800 4,560 Plant assets, net 105,006 95,694 55,854 Total assets $ 162,422 $ 134,923 $ 111,784 Liabilities and Equity Current liabilities $ 23,714 $ 20,104 $ 19,562 Common stock 72,000 72,000 54,000 Other paid-in capital 9,000 9,000 6,000 Retained earnings 57,708 33,819…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…
- Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31. 2020 $ 487,179 $ 373,219 2021 293,282 236,621 193,897 69,179 43,846 113,025 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets 84,347 80,872 52,251 15,042 10,711 $ 65,830 $ 41,540 KORBIN COMPANY Comparative Balance Sheets December 31 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 136,598 51,504 32,843 2021 2020 2019 $ 259,000 165,760 93,240 34,188 21,497 55,685 37,555 7,624 $ 29,931 $ 64,678 116,492 0 $ 43,289 900 106,308 $ 181,170 $ 150,497 $ 26,451 66,000 8,250 80,469 $ 22,424 66,000 8,250 53,823 $ 181,170 $ 150,497 2019 $ 57,867 4,860 61,960 $ 124,687 $ 21,820 48,000 5,333 49,534 $ 124,687Byers Company presents the following condensed income statement for 2019 and condensed December 31, 2019, balance sheet: Compute the following ratios for Byers ( round all computations to two decimals): ( 1) earnings per share, ( 2) gross profit margin, ( 3) operating profit margin, ( 4) net profit margin, ( 5) total asset turnover, ( 6) return on assets, (7) return on common equity, (8) receivables turnover (in days), and (9 ) interest coverage.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…
- Here are the abbreviated financial statements for Planner’s Peanuts: INCOME STATEMENT, 2019 Sales $ 5,000 Cost 3,900 Net income $ 1,100 BALANCE SHEET, YEAR-END 2018 2019 2018 2019 Assets $ 7,500 $ 12,100 Debt $ 833 $ 1,000 Equity 6,667 11,100 Total $ 7,500 $ 12,100 Total $ 7,500 $ 12,100 a. If sales increase by 10% in 2020 and the company uses a strict percentage of sales planning model (meaning that all items on the income and balance sheet also increase by 10%), what must be the balancing item? b. What will be the value of this balancing item?rrForecast an Income Statement Following is the income statement for Medtronic PLC. Consolidated Statement of Income ($ millions) For Fiscal Year Ended April 26, 2019 Net sales $27,807 Costs and expenses Cost of products sold 8,331 Research and development expense 2,330 Selling, general, and administrative expense 9,480 Amortization of intangible assets 1,605 Restructuring charges, net 198 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 5,439 Other nonoperating income, net (373) Interest expense 1,314 Income before income taxes 4,498 Income tax provision 547 Net income 3,951 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $3,932 Use the following assumptions to prepare a forecast of the company’s income statement for FY2020. Note: Complete the entire question in Excel using the following template: Excel Template. Format each answer to two decimal…
- [The following Information applles to the questions displayed below.) Selected comparative financlal statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2021, 2020, and 2019 2021 2020 Sales 2019 $ 555,000 $ 340,000 212,50e 127, see 46,920 29,920 76,840 se,660 10,370 S 40,290 $ 278,800 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses 283,500 271, see 102,900 5e, 668 153,900 124, 100 5e,8ee 22,800 153,568 73,600 se, se0 15,670 $ 34,830 Income before taxe 117,932 40, 8e0 Income tax expense Net income $ 77,132 KORBIN COMPANY Comparative Balance Sheets December 31, 2021, 2020, and 2019 2021 2020 2019 Assets Current assets $ 52, 390 $ 37,924 S 51,748 Long-term investments Plant assets, net 500 3,956 100,0ee 96,000 60, 000 Total assets $ 152,390 $134,424 $ 115,698 Liabilities and Equity Current liabilities $ 22, 800 72, 800 9,000 $ 20, 30e 60, e00 6,000 29,398 $ 115, 698 $19,960 72,000 Common…[The following information applies to the questions displayed below.] 2021 2020 2019 Selected comparative financial statements of Korbin Company follow. Comparative Income Statements For Years Ended December 31 KORBIN COMPANY 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 KORBIN COMPANY Comparative Balance Sheets Liabilities and Equity Current liabilities Numerator: 2021 2020 2019 $ 548,688 $ 420,340 $ 291,700 330,310 263,974 186,688 218,378 156,366 Common stock Other paid-in capital Retained earnings Total liabilities and equity 1 1 77,914 58,007 49,382 36,990 127,296 94,997 91,082 61,369 16,941 12,581 $ 74,141 $ 48,788 1 1 1 December 31 2021 $ 62,574 0 Current Ratio $25,844 65,000 8,125 78,043 Required: 1. Complete the below table to calculate each year's current ratio. $ 41,881 1,200 103,962 $ 55,985 3,920 114,438…Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. Medtronic PLC Consolidated Statement of Income $ millions, For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses Cost of products sold 9,155 Research and development expense 979 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 83 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 7,734 Other nonoperating income, net (157) Interest expense 1,444 Income before income taxes 6,447 Income tax provision 547 Net income 5,900 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $5,881…