TechGrow Solutions reported an increase in net sales from $2.8 billion in 2022 to $3.2 billion in 2023, and an increase in gross profit from $0.9 billion in 2022 to $1.1 billion in 2023. Calculate each year's profit percentage.
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- Master Paint Industries' sales in 2019 were $18 million, while in 2017 they were $10 million. Determine the sales growth rate.Using data available in the case, calculate the annual growth rate from 2020 to 2021 (in percentages). All calculations should be rounded to two decimals (e.g., 12.77%). > Answer is complete but not entirely correct. 2021 2020 2020-2021 Revenue 2,057,622 1,736,432 18.50 % Cost of Goods Sold 1,259,830 921,980 36.64 % Gross Profit 797,792 814,452 (1.02) % Operating Expenses 789,795 570,245 38.50 % Operating Income 7,997 244,207 2,953.73% Net Income 14,553 191,960 (92.42) %A company has the following items for the fiscal year 2020: Revenue = 10 million EBIT = 4 million Net income = 2 million Total Equity = 15 million Total Assets = 30 million Calculate the company’s net profit margin, asset turnover, equity multiplier and ROE
- If a company's sales are $650,000 in 2021, and this represents an 5% increase over sales in 2020, what were sales in 2020? (Round your answer to the nearest dollar amount.) SalesSales are $2.45 million in 2020, $2.55 million in 2021, and $2.35 million in 2022.What is the percentage change from 2020 to 2021? What is the percentage change from 2021 to 2022? Be sure to indicate whether the percentage change is an increase or a decrease. (Round your answers to 1 decimal place.)Based on the following data below: In 2019: Total Sales= 1.5 billion with the Motor Category representing 18% of total sales Projected 2029: Total Sales= 3.75 billion with the Motor Catgory representing 24% of total sales What is the ratio of the revenue of sale in the Motors Category in 2019 to the projected revenue of sales in Motors in 2029?
- Suppose a firm has had the following historic sales figures. Year: Sales 2016 $1,900,000 2017 $2,150,000 2018 $1,800,000 2019 $2,400,000 2020 $2,000,000 What would be the forecast for next year's sales using the average approach? Next year's salesWhat was the firm's profit margin in 2019 ?s Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 19% in 2022 and all assets and liabilities increase correspondingly. Income Statement Sales Costs, including interest Net Income Net assets Total $ 5,800 4,400 $1,400 Balance Sheet, Year-End. 2020 2021 $4,901 $4,500 $4,901 $4,500 a. Maximum possible growth rate b. Maximum possible growth rate Debt Equity Total 2021 $ 2,001 2,900 $4,901 2020 $1,933 2,567 $4,500 a. If the payout ratio is set at 55% and no external debt or equity is to be issued, what is the maximum possible growth rate for Archimedes? b. If the payout ratio is set at 55% and the firm maintains a fixed debt ratio but issues no equity, what is the maximum possible growth rate for Archimedes? Note: For all requirements, do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.
- The following tables summarize the 2022 income statement and end-year balance sheet of Drake's Bowling Alleys. Drake's financial manager forecasts a 20% increase in sales and costs in 2023. The ratio of sales to average assets is expected to remain at 0.50. Interest is forecasted at 4% of debt at the start of the year. Sales Costs Interest Pretax profit Tax Net income INCOME STATEMENT, 2022 (Figures in $ thousands) $ 1,750 1,050 (50% of average assets) a (60% of sales) (4% of debt at start of year) b 24 $ 676 203 $ 473 (30% of pretax profit) a b Assets at the end of 2021 were $3,400,000. Debt at the end of 2021 was $600,000. Assets Total BALANCE SHEET, YEAR-END 2022 (Figures in $ thousands) $ 3,600 $ 3,600 Debt Equity $ 600 3,000 $ 3,600 a. What the implied level of assets at the end of 2023? Note: Round your intermediate calculations to the nearest whole dollar amount. Enter your answer in thousands. b. If the company pays out 50% of net income as dividends, how much cash will Drake's…Given the most recent financial statements for FY2023. Sales for FY2024 are expected to grow by 10 percent. The following assumption must be held in the pro forma financial statements. The tax rate (percentage), the interest expense ($ amount), and the dividend payout ratio (percentage) will remain constant. COGS, SGA, Depreciation, all current asset accounts, Net PPE, intangibles, other assets, and accounts payable increase spontaneously with sales. Calculate the internal growth rate if the firm operates at full capacity and no new debt or equity is issued. (Enter percentages as decimals and round to 4 decimals) MSFT ($ in millions, shares in millions) Income Statement Sales COGS Gross Profit Research and Dev. SGA FY2023 211,915 65,863 146,052 27,195 16653 Depreciation 13681 Operating Income, EBIT 88,523 Interest Expense 1968 Pretax income, EBT 86,555 Taxes 16950 Net income 69,605 32,902 36,703 Retained Earnings Dividends Price per share Shares outstanding 330.24 7,430 Balance Sheet…The financial statements of Eagle Sport Supply are shown in the table below. For simplicity, "Costs" include interest. Assume that Eagle's assets are proportional to its sales. Assume a growth rate of 30% in revenue, expenses, and assets in 2023. The tax rate will remain constant. Sales Income Statement Costs $ 2,750 1,150 Pretax income Taxes (at 30.0%) $ 1,600 480 Net income $ 1,120 2021 Balance Sheet, Year-End 2022 Net assets $ 4,800 $ 4,500 Debt Total $ 4,800 $ 4,500 Equity Total 2022 $ 1,900 2,900 2021 $1,800 2,700 $ 4,800 $4,500 a. Assume that the dividend payout ratio is fixed at 50% and the equity-to-asset ratio is fixed at two-thirds. What is the internal growth rate for 2023? b. What is the sustainable growth rate for 2023? Note: For all requirements, do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. a. Internal growth rate b. Sustainable growth rate % %