Sydney Group reports a net income of $50,000 for 2019. At the beginning of 2019, Sydney Group had $230,000 in assets. By the end of 2019, assets had grown to $320,000. What is Sydney Group's 2019 return on assets? Provide Answer
Q: What is the value of this project on these financial accounting question?
A: Step 1: Define Upfront CostAn upfront cost is defined as the quantum of money that is paid one time…
Q: Account
A: To calculate the equivalent units of production (EUP) for the three major cost categories — body…
Q: Hii, Tutor Give answer to this Problem
A: Step 1:Under Accounting Equation both aspects of transactions recorded in the books of accounts. As…
Q: Tumbling Haven, a gymnastic equipment manufacturer, provided the following information to its…
A: Explanation of Total AssetsTotal assets represent everything a company owns that has economic value,…
Q: General accounting
A: Explanation of Fixed Costs: Fixed costs are expenses that remain constant regardless of the level of…
Q: At the beginning of the year, Rose Company expected to incur $65,000 of overhead costs in producing…
A: Concept of Overhead CostOverhead costs refer to expenses that are not directly tied to the…
Q: What is the degree of opereting leverage? General accounting
A: The degree of operating leverage (DOL) can be calculated using the following formula: DOL =…
Q: Subject:- General Account
A: Step 1: Since there's no ending inventory, we have to assume that the Inventory, ending balance is…
Q: Please provide this question solution
A: Explanation: The amount to be reported in the income statement will be after considering the tax…
Q: General Accounting Question please answer
A: Explanation: In the given case, we are required to calculate the total return for Hamilton Growth…
Q: Step by step answer
A: Detailed explanation:Step 1: Understand the ProblemDoctor E is considering purchasing a blood…
Q: I need answer the accounting question so please give me correct answer
A: Step 1:From the given data:Material price variance$5,000UnfavorableStandard price per pound$3.00per…
Q: Hi expert please give me answer general accounting question
A: Cash-to-Cash Cycle Time = Days in Inventory + Days in Accounts Receivable − Days in Accounts…
Q: Net income
A: Step 1: Definition of Accumulated Other Comprehensive Income (AOCI)Accumulated Other Comprehensive…
Q: The Red Martin has annual sales of $797,400, total debt of $320,000, total equity of $475,000, and a…
A: Concept of Profit MarginProfit margin measures the percentage of sales revenue that remains as…
Q: General accounting
A: Step 1:First calculate the cost using markup percentage on sales: Markup percentage on sale = Markup…
Q: Answer? ? Financial accounting
A: The relationship between sales, cost of goods sold, and gross profit is applied to estimate the cost…
Q: Financial Accounting
A: Step 1: Define Present ValueAn investment's present value refers to the total required today's costs…
Q: Please give me answer financial accounting question
A: The amount of cash receipts from customers in 2022 is calculated as follows: Cash receipt from…
Q: Calculate the sustainable growth rate ?? General accounting
A: The sustainable growth rate (SGR) represents the rate at which a company can grow its sales, assets,…
Q: What is bicket's 2013 return on common stockholders' equity?
A: The question requires the determination of the return on common stockholder's equity. The Return on…
Q: Differential Chemical produced 18,000 gallons of Preon and 39,000 gallons of Paron. Joint costs…
A: Step 1: To calculate the portion of joint costs to be allocated to Preon if the value basis is used…
Q: Calculate Saturn's operating income using absorption costing? General accounting
A: Step 1: Definition of Absorption CostingAbsorption costing is a costing method where all…
Q: Catherine's Consulting has net income of $5,900 and total equity of $56,945. The debt-equity ratio…
A: Concept of Return on Assets (ROA)Return on Assets measures a company's profitability relative to its…
Q: General Account
A: Step 1: Calculate Equivalent Units of Production (EUP) for MaterialsThe formula for EUP under the…
Q: Pacific fruits process coconut solution general accounting question
A: Step 1: Definition of Profit/LossProfit or loss is calculated as the difference between the total…
Q: What was the chance in wages?
A: The change in wages payable can be calculated using the formula: Change in Wages Payable = Wages…
Q: Need help with this financial accounting question please solve
A: Step 1: Define Simple InterestThe simple interest amount on a given investment amount does not take…
Q: Kindly help me with general accounting question
A: To calculate the amount of cash received, follow these steps: Initial Sale: Blue Bird Company sells…
Q: Rose company has a target rate of solve this question general Accounting
A: The formula for ROI (Return on Investment) is: ROI = Sales Margin × Capital Turnover Given:ROI =…
Q: Please given correct answer general accounting
A: Step 1: Define Effect of Net Income on the Accounting Equation:The main objective of every business…
Q: I need answer of this question solution general accounting
A: Step 1: Define InventoryInventory refers to the goods which a company holds for conducting its…
Q: Kindly help me with general accounting question
A: Step 1: Define Generally Accepted Accounting PrinciplesThe Generally Accepted Accounting Principles…
Q: Bell Inc. took a physical inventory at the end of the year and determined that $840,000 of goods…
A: To determine the correct inventory balance at the end of the year, we need to adjust the physical…
Q: Financial Account Questions Answer Need
A: To determine the beginning Work-in-Process (WIP) Inventory for FY 2016, we use the formula for the…
Q: General accounting
A: Step 1: Define Target ProfitCalculating target profit or desired profit is a cost volume profit…
Q: Suppose Austin Sound had sales of $450,000 and sales returns of $55,000. Cost of goods sold was…
A: Explanation of Gross ProfitGross profit is a financial metric that represents the difference between…
Q: General accounting
A: Step 1: Define Operating LeverageThe company calculates operating leverage to estimate an increase…
Q: 6 MARKS
A: To calculate the Return on Equity (ROE) using the DuPont Equation, the formula is:ROE=Net Profit…
Q: A supplier has offered to provide the components solve this accounting questions
A: Step 1: Definition of Receivables Turnover and Average Collection PeriodReceivables Turnover: This…
Q: Hi expert please give me answer general accounting
A: Step 1: Definition of Net Incremental Cost or SavingsNet Incremental Cost or Savings: This…
Q: What is Preston industries Inc's gross profit?
A: Compute the net sales first.Net sales = Sales - Sales discounts - Sales returns and allowancesNet…
Q: Get correct solution for this accounting question
A: Step 1:First calculate the interest expense for the year 2021: Interest expense = Beginning lease…
Q: Please provide answer this accounting question
A: Solution= beginning inventory + (purchases + freight in) - ending inventory= $10,000 + ($60,000 +…
Q: The following reflect the forecast of Viathon Manufacturers for the year 2020 for the only product…
A: Viathon Manufacturers provided the following data for its operations in 2020:Total Production Cost:…
Q: In an activity-based costing system, direct materials used would typically be classified as: a.…
A: Concept of Unit-Level CostsUnit-level costs are expenses that are directly tied to the production of…
Q: Do fast answer of this accounting questions
A: Step 1: Information providedFrom the given data for Year 2:Total Liabilities = $400,000Stockholders'…
Q: Suppose that James Industries has annual sales of $7.47 million, cost of goods sold of $3.95…
A: Explanation of Operating Cycle:Operating cycle is the total time period that begins with the…
Q: I need this question answer general accounting
A: Step 1: Define Simple InterestThe simple interest rate is usually an annual percentage rate quoted…
Q: General accounting
A: Step 1: Define Under- or Over-Applied Manufacturing OverheadA company's under- or over-applied…
Sydney Group reports a net income of $50,000 for 2019. At the beginning of 2019, Sydney Group had $230,000 in assets. By the end of 2019, assets had grown to $320,000. What is Sydney Group's 2019 return on assets? Provide Answer
Step by step
Solved in 2 steps
- Swiss Group reports net income of $40,000 for 2019. At the beginning of 2019, Swiss Group had $200,000 in assets. By the end of 2019, assets had grown to $300,000. What is Swiss Group’s 2019 return on assets? How would you assess its performance if competitors average an 11% return on assets? The initial analysis should include the following: The ratio equation The calculation of the ratio using the equation and the pre-assigned Quick Study or Exercise from the textbook. (See below) Use the result in a sentence; i.e. For every dollar invested in assets the company is earning 22.4 cents or 22.4% in net income. Then explain whether this is a good result or a result that needs improving. Use citations to cite any outside sources used. The original post should include at least three (3) sentences but no more than seven (7) sentences.During 2019, the company reported net income of $4,212 million, interest expense of $167 million and income tax expense of $1,372 million. During 2018? Based on this information, what is the time interests earned ratio? A. 34.4 B. 34.1 C. 32.2 D. 28.4Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%
- Jones Corp. had a total asset turnover of 4.0 in 2019 and had sales of $10.0 million. If the corresponding statement of financial position or balance sheet reported shareholders’ equity of $1.4 million, what were the total liabilities for Jones Corp.?Return of Assets? Find outSelected 2020 balance sheet and income statement information for Vkusno & Tochka Corporation and Tasty Treats, Inc., follows. ($ millions) Vkusno & Tochka Tasty Treats Sales Revenue Interest Expense Net Income Average Total Assets $96,040 $6,090 $27,786 $294,060 28,260 2,715 5,309 32,549 a. Compute the return on assets (ROA) for each company. Use the 25% statutory tax rate. Note: Round your answers to the nearest million dollars. Numerator ($ millions) + Denominator ($ millions) 0+ $ 0+$ Vkusno & Tochka's ROA $ Tasty Treats' ROA $ Vkusno & Tochka's PM $ Tasty Treats' PM Vkusno & Tochka's ROA Tasty Treats' ROA b. Disaggregate ROA into profit margin (PM) and asset turnover (AT) for each company. • Note: Round your answers to the nearest million dollars. $ Vkusno & Tochka's AT $ Tasty Treats' AT $ Numerator ($ millions) + Denominator ($ millions) 0$ 05 0+$ 0+ $ PM X % x % X 0 AT c. Discuss any differences in these ratios for each company. has the lower ROA ratio. has the higher PM ratio.…
- Condensed financial data of Novak Company for 2020 and 2019 are presented below. NOVAK COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,830 $1,180 Receivables 1,710 1,320 Inventory 1,590 1,920 Plant assets 1,890 1,710 Accumulated depreciation (1,220 ) (1,190 ) Long-term investments (held-to-maturity) 1,320 1,440 $7,120 $6,380 Accounts payable $1,190 $890 Accrued liabilities 210 260 Bonds payable 1,400 1,580 Common stock 1,940 1,660 Retained earnings 2,380 1,990 $7,120 $6,380 NOVAK COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,720 Cost of goods sold 4,680 Gross margin 2,040 Selling and administrative expenses 920 Income from operations…What was the firm's profit margin in 2019 ?Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52% O 11.66%
- The balance sheets of Pinewood Resorts reported net fixed assets of $740,000 and $940,000 at the end of 2020 and 2021, respectively. The fixed-asset turnover ratio for 2021 was 3.25. Calculate Pinewood’s net sales for 2021.Condensed financial data of Cullumber Company for 2020 and 2019 are presented below. CULLUMBER COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,790 $1,170 Receivables 1,780 1,310 Inventory 1,580 1,900 Plant assets 1,900 1,720 Accumulated depreciation (1,180 ) (1,140 ) Long-term investments (held-to-maturity) 1,310 1,420 $7,180 $6,380 Accounts payable $1,220 $880 Accrued liabilities 210 240 Bonds payable 1,380 1,550 Common stock 1,930 1,660 Retained earnings 2,440 2,050 $7,180 $6,380 CULLUMBER COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,690 Cost of goods sold 4,650 Gross margin 2,040 Selling and administrative expenses 930 Income from…The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 Sales Costs EBIT Interest expense Taxable income Taxes (at 216) Net income Dividends Addition to retained earnings Current assets Cash Assets Accounts receivable Inventories Total current assets Net plant and equipment Total assets $22,120 $22,120 $ 240,000 170,000 $70,000 14,000 $ 56,000 11,760 G44,240 BALANCE SHEET, YEAR-END, 2019 7,000 12,000 21,000 $ 40,000 180,000 220,000 Liabilities Current liabilities Accounts payable Total current liabilities Long-term debt Stockholders' equity Common stock plus additional paid-in capital Retained earnings Total liabilities plus stockholders' equity 14,000 14,000 140,000 15,000 $1,000 $220,000
