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? Correct answer
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Asset Turnover RatioAsset Turnover Ratio: Measures a company's efficiency in…
Q: What is the stock's current price on these financial accounting question?
A: To calculate the stock's current price using the Price-to-Earnings (P/E) ratio, use the formula:…
Q: General Accounting Question
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: Please provide answer the financial accounting question
A: Step 1: Define Holding Period ReturnThe holding period return is a criterion used to determine the…
Q: Hi teacher please help me this question
A: Given:Variable cost per rosette = $1.60Sales price per rosette = $3.00Total fixed costs per month =…
Q: Martinez Company's ending inventory includes the following items: Per Unit Product Units Cost Market…
A: Step 1: Compare Unit Cost and Market ValueFor each product, select the lower value between the unit…
Q: Don't use ai given answer accounting questions
A: To calculate the cash proceeds, we first determine the discount amount and subtract it from the face…
Q: Need help with this accounting questions
A: Step 1: Definition of Absorption CostingAbsorption costing is a costing method in which all…
Q: Please give me answer general accounting question
A: Step 1: Analysis of information givenQuantity of inventory = 200 unitsSelling price per unit =…
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: In the Month of March, Digby received orders of 231 units at a price of $19.00 for their product…
A: Explanation of Accrual Accounting: Accrual accounting is a method of recording financial…
Q: Hi expert please give me answer general accounting
A: The problem involves finding the present value of a bond that pays semi-annual coupon payments of…
Q: I need this question answer general Accounting
A: Step 1: Define Financing activityFinancing activity refers to the activities related to debt, equity…
Q: Hi expert provide correct answer
A: Step 1 Calculate Calder's Profit Margin. Given :- Sales/Total Assets = 2.4…
Q: What is the total debt equity ratio on these financial accounting question?
A: Step 1: Define Financial RatiosFinancial ratios are ratios used to analyze various firms in a given…
Q: General accounting
A: Step 1:First calculate the cost using markup percentage on sales: Markup percentage on sale = Markup…
Q: Financial Accounting Question need answer please
A: Step 1: Define Real Risk-free RateThe real risk-free interest rate refers to the anticipated…
Q: During its first year of operations, Nile.com reported an operating loss of $15 million for…
A: To recognize the income tax benefit of the operating loss, a deferred tax asset is recorded because…
Q: General accounting
A: Step 1: Understand the Provided DataStock Price per Share: $65.20Price-to-Earnings (P/E) Ratio:…
Q: GIVE ME ANSWER
A: Using DuPont Analysis- ROE = Net Profit Margin * Total Asset Turnover * Equity Multiplier ROE =…
Q: Please solve this question general accounting
A: Step 1: Define Variable ExpensesVariable expenses changes with the change in production activity in…
Q: Before prorating the manufacturing overhead costs at the end of 2016..
A: To calculate the Cost of Goods Sold (COGS) after prorating the under- or overapplied manufacturing…
Q: Fill in the missing information from the balance sheet solution general accounting question
A: The balance sheet must always balance, meaning that Total Assets = Total Liabilities + Equity. This…
Q: Veer Trucking raised $280 million in new debt and used this to buy back stock. After the recap,…
A: Share Buyback = Total Buyback Amount/Share PriceShare Buyback = 280million/7Share Buyback = 40…
Q: Crane and Loon Corporations, two unrelated C corporations, have the following transactions for 2015:…
A: Step 1: Determine the DRD PercentageFor domestic corporations, the DRD percentage depends on the…
Q: What amount of cash was collected from customers during this period on these general accounting…
A: Step 1: Define Cash CollectionsCash Collections refer to the total amount of cash received by a…
Q: Aerotrino produces and sells popular t-shirts. Following is information about its t-shirts for 2014:…
A: Step 1: Understand the Variable Costing ConceptVariable costing includes only variable costs in…
Q: Suppose that James Industries has annual sales of $7.47 million, cost of goods sold of $3.95…
A: Concept of Days Inventory Outstanding (DIO)Days Inventory Outstanding (DIO) measures the average…
Q: At the end of the year, Tahir Incorporated's balance for Allowance for Uncollectible Accounts is…
A: Explanation of Allowance for Uncollectible AccountsAllowance for Uncollectible Accounts is a…
Q: all 3 answer want
A: Compute the goods available for sale. Goods available for sale include the beginning inventory and…
Q: Hi teacher please help me this question
A: To calculate the total assets of Hassan's Mad Hatter, Inc., we can use the formula for Return on…
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: Windsor contribution company uses the percentage solve this accounting questions
A: To calculate the gross profit recognized in 2014 under the percentage-of-completion method, follow…
Q: What is the price earning ratio? General accounting
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: solution want for general account questions
A: Step 1: Recall the formula or flow of inventory. MONTHBeginning inventoryxxxAdd: ProductionxxxLess:…
Q: General Accounting Question please answer
A: Step 1: Define Equivalent Units of ProductionEquivalent units of production measure the work done…
Q: Right Answer
A: Step 1. Formula for Return on Assets (ROA)The Return on Assets (ROA) measures how efficiently a…
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: A club formed for pleasure, recreation, and social activities is most likely organized under…
A: Section 501(c)(7) of the Internal Revenue Code applies to social and recreational clubs organized…
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: General Account Questions Answer nned
A: The correct answer is:b. The contribution margin is the amount that is available to cover fixed…
Q: General accounting
A: Step 1: Define Account Receivable ManagementIn order to maintain a consistent cash flow for the…
Q: I need this question answer general accounting question
A: Step 1: Define Cost of Goods Sold (COGS)The cost of goods sold or the cost of sales is the amount…
Q: Birk Camera Shop Inc. uses the lower-of-cost-or-market basis for its inventory. The following data…
A: To calculate the inventory value under the lower-of-cost-or-market (LCM) rule, we compare the cost…
Q: Need help with this accounting question please solve
A: Step 1: Definition of High-Low MethodThe high-low method is a way to estimate the variable and fixed…
Q: Need help with this financial accounting question not use ai please don't
A: Step 1: Define Dividend YieldThe dividend yield is a financial ratio that compares the amount of…
Q: Helen Meyer receives a travel allowance of... Please answer the financial accounting question
A: Step 1: Define Individual Income TaxThe individual income tax is imposed on the annual income of…
Q: Don't Use Ai
A: Common Stock:Par Value = $7, Shares = 7,500, Fair Market Value (FMV) per share = $27Total FMV =…
Q: ANSWER
A: Concept of Direct MaterialsDirect materials are the raw materials that are directly used in the…
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? Correct 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.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.?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. 28.4
- 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…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 $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52% O 11.66%Selected 2020 balance sheet and income statement information for Vkusno & Tochka Corporation and Tasty Treats, Inc., follows. ($ 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.…
- 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…Return of Assets? Find out
- Condensed financial data of Sweet Company for 2020 and 2019 are presented below. SWEET COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,800 $1,130 Receivables 1,770 1,320 Inventory 1,560 1,890 Plant assets 1,900 1,700 Accumulated depreciation (1,220 ) (1,180 ) Long-term investments (held-to-maturity) 1,300 1,430 $7,110 $6,290 Accounts payable $1,220 $890 Accrued liabilities 190 250 Bonds payable 1,410 1,520 Common stock 1,870 1,730 Retained earnings 2,420 1,900 $7,110 $6,290 SWEET COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,860 Cost of goods sold 4,710 Gross margin 2,150 Selling and administrative expenses 920 Income from operations…Current assets and current liabilities for Brimstone Company follow: 2019 2018 Current assets $1,586,250 $1,210,000 Current liabilities 705,000 550,000 a. Determine the working capital and current ratio for 2019 and 2018. b. Does the change in the current ratio from 2018 to 2019 indicate a favorable or an unfavorable change?Condensed financial data of Whispering Company for 2020 and 2019 are presented below. WHISPERING COMPANYCOMPARATIVE BALANCE SHEETAS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,830 $1,130 Receivables 1,770 1,290 Inventory 1,620 1,920 Plant assets 1,940 1,680 Accumulated depreciation (1,190 ) (1,170 ) Long-term investments (held-to-maturity) 1,300 1,410 $7,270 $6,260 Accounts payable $1,220 $910 Accrued liabilities 210 260 Bonds payable 1,420 1,530 Common stock 1,890 1,710 Retained earnings 2,530 1,850 $7,270 $6,260 WHISPERING COMPANYINCOME STATEMENTFOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $7,100 Cost of goods sold 4,760 Gross margin 2,340 Selling and administrative expenses 930 Income from…
