Sidewinder, Inc., has sales of $690,000, costs of $342,000, depreciation expense of $87,000, interest expense of $52,000, and a tax rate of 24 percent. The firm paid out $82,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Sidewinder, Inc., has sales of $690,000, costs of $342,000, depreciation expense of $87,000, interest expense of $52,000, and a tax rate of 24 percent. The firm paid out $82,000 in cash dividends. What is the addition to retained earnings? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.
What is the addition to retained earnings ?
Green Grass, Inc., has sales of $573,000, costs of $284,000, depreciation expense of $32,000, interest expense of $13,000, and a tax rate of 32 percent. (Do not include the dollar sign ($).) If the firm paid out $55,000 in cash dividends, the addition to retained earnings is $ _____ .
sidewinder, Inc., has sales of $678,000, costs of $339,000, depreciation expense of $84,000, interest expense of $49,000, and a tax rate of 21 percent. The firm paid out $79,000 in cash dividends. What is the addition to retained earnings?
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Pop Evil, Inc.'s net income for the most recent year was $22,817. The tax rate was 21 percent. The firm paid $4,081 in total interest expense and deducted $5,991 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio times
FVA Inc.'s net income for the most recent year was $41,445. The tax rate was 25 percent. The firm paid $10,440 in total interest expense and deducted $10,630 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio times
DTO, Inc., has sales of $18 million, total assets of $16.5 million, and total debt of $9.4 million. Assume the profit margin is 8 percent. a. What is the company's net income? (Do not round intermediate calculations. Enter your answer in dollars not in millions, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the company's ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) a. b. C. % %
Spelman Corporation has Sales of $36,800, Depreciation Expense of $3,000, Interest Expense of $2,000, Cost of Goods Sold of $15,000, other costs of $7,800, and an average tax rate of 34 percent. What is the firm's profit margin? Please record your answer using the following format (12.54). Record your answer to two decimal places. While the answer should be given as a percentage, do NOT place a "%" directly after the number. Do not type the parentheses: just type the number!
A firm has the following accounts.: Sales = $10,346,000; Cost of goods sold = $6,005,000; Addition to retained earnings = $225,000; Dividends paid to stockholders = $225,000; Interest expense = $1,500,000. The firm's tax rate is 21%. What is the firm's annual depreciation expense? O $2,271,380 $2,469,099 O $4,341,000 $2,069,620
Whipporwill, Incorporated's, net income for the most recent year was $16,802. The tax rate was 21 percent. The firm paid $3,706 in total interest expense and deducted $4,491 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio times
Helo Company has provided the following data: Sales, P5,000,000; Interest expense, P30,000; Total assets, beginning of the year, P185,000; Total assets, end of the year, P215,000; Return on assets, 15.5%; Tax rate, 30%. What is the net income of Helo Co.? show solutions