sold an During 2015, Valente Corporation merchandise costing $1,800,000 on installment basis for $2,400,000. The cash receipts related to these sales were collected as follows: • 2015: $900,000 2016: $1,000,000 . 2017: $500,000 What is the rate of gross profit on the installment sales made by Valente Corporation during 2015?
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- How do I calculate times interest earned for from this? (in millions) 2016 2015 Revenue Product $61,502 $75,956 Service 23,818 17,624 Total revenue 85,320 93,580 Cost of revenue Product 17,880 21,410 Service and other 14,900 11,628 Total cost of revenue 32,780 33,038 Gross margin 52,540 60,542 Research and development 11,988 12,046 Sales and marketing 14,697 15,713 General and administrative 4,563 4,611 Impairment, integration, and restructuring 1,110 10,011 Operating income 20,182 18,161 Dividends and interest income 903 766 Interest expense (1,243) (781) Other income (expense), net (91) 361 Income before taxes 19,751 18,507 Provision for income taxes 2,953 6,314 Net income $16,798 $ 12,193Given the following data calculate DEF's operating cycle and cash conversion cycle.Using the information provided below:Rubialac PaintsSelected Income Statement Items, 2020Cash Sales $2,500,000Credit Sales $9,500,000Total Sales $12,000,000COGS 7,000,000 Rubialac PaintsSelected Balance Sheet Accounts12/31/2020 12/31/19 ChangeAccounts Receivable $550,000 $400,000 $150,000Inventory $275,000 $250,000 $25,000Accounts Payable $150,000 $110,000 $40,000 What is the inventory turnover for Rubialac Paints? What is the average production cycle for the firm? What is the average collection cycle? What could Eagle Paints do to reduce the average collection cycle?
- Squat XFit Inc. reported the following ($ in millions). Financial results Revenue 2020 122.1 EBITDA 60.9 Interest income 7.0 Tax rate 25.0% Interest rate on debt 5.0% Balances as of Net PP&E Intangible assets Debt 12/31/2019 12/31/2020 198.8 240.0 40.0 45.0 155.0 155.0 Purchases Assume purchases made at year end and thus did not generate D&A in 2020 2020 Capital expenditures 75 Purchases of intangible assets 20 Calculate net income for the year ending 12/31/2020 $8.5million O $9.1 million O $11.4 million ○ $14.3 millionVikrambahiUse the following information for Taco Swell, Inc., (assume the tax rate is 24 percent): 2017 2018 Sales $ 15,573 $ 15,336 Depreciation 1,741 1,816 Cost of goods sold 4,379 4,787 Other expenses 986 864 Interest 835 966 Cash 6,187 6,706 Accounts receivable 8,120 9,667 Short-term notes payable 1,250 1,227 Long-term debt 20,560 24,836 Net fixed assets 51,064 54,513 Accounts payable 4,512 4,884 Inventory 14,419 15,368 Dividends 1,350 1,698 Prepare a balance sheet for this company for 2017 and 2018. (Do not round intermediate calculations.) Prepare an income statement for this company for 2017 and 2018. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16. Input all answers as positive values.)
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- Laiho Industries^ 2018 and 2019 bal ance sheets (in thousands of dollars) are shown. a. Sales for 2019 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depre ciation and amortization were 18% of net fixed assets, interest was $8,583,000, the cor porate tax rate was 25%, and Laiho pays 47.25% of its net income as dividends. Given this information, construct the firm's 2019 income statement.b. Construct the statement of stockholders' equity for the year ending December 31,2019, and the 2019 statement of cash flows.c. Calculate 2018 and 2019 net operating working capital NOWC) and 2019 free cash flow (FCF). Assume the firm has no excess cash.d. If Laiho increased its dividend payout ratio, what effect would this have on corporate taxes paid? What effect would this have on taxes paid by the company's shareholders?e. Assume that the firm's after-tax cost of capital is 10.5%. What is the firm's 2019 EVA?f. Assume that the firm's stock price is $22 per share…Gear Up Co. pays 65% of its purchases in the month of purchase, 30% in the month after the purchase, and 5% in the second month following the purchase. What are the cash payments if it made the following purchases in 2018?Hamad Corporation's total sales for 2022 were AED 800 million, and gross profit was AED 100 million, current assets AED 200 , cash AED 10 million, accounts receivables 90 million and account payable 40 million. Calculate accounts payable days , collection period, inventory days and accounts payable turn over.
