The accounting firm of Deloitte & Touche is the largest international accounting firm in theworld as ranked by total revenues. For two recent years, Deloitte & Touche reported thefollowing for its U.S. operations:PreviousCurrentYearYearRevenue (in billions)$16.1$14.9Number of professional staff (including partners)58,58553,592a. For the current and previous years, determine the revenue per professional staff.b. Interpret the trend between the two years.

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Answered: The accounting firm of Deloitte &…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Starship Corporation reported the following geographical segment revenues for a recent and a prior fiscal year: Recent Year(in millions, rounded) Prior Year(in millions, rounded) Americas $10,479 $8,073 EMEA* 1,217 1,295 China/Asia Pacific 2,396 1,130 Channel Development** 1,731 1,546 Other 2,236 1,695 Total $18,059 $13,739 *Europe, Middle East, and Africa **Sells packaged coffee and teas globally a. Prepare a horizontal analysis of the segment data using the prior year as the base year. Round all percents to one decimal place. Enter all amounts in millions. If required, use minus sign to indicate the decreasing values. Starship Corporation Horizontal Analysis Recent Year (in millions) Prior Year (in millions) Increase (Decrease)Amount Increase (Decrease)Percent Americas $10,479 $8,073 $fill in the blank 15396ff9101df9f_1 fill in the blank 15396ff9101df9f_2% EMEA 1,217 1,295 fill in the blank 15396ff9101df9f_3 fill…
Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below: Sales $ 17,400,000 Net operating income $ 5,400,000 Average operating assets $ 35,300,000 Required: 1. Compute the margin for Alyeska Services Company. (Round your answer to 2 decimal places.) 2. Compute the turnover for Alyeska Services Company. (Round your answer to 2 decimal places.) 3. Compute the return on investment (ROI) for Alyeska Services Company. (Round your intermediate calculations and final answer to 2 decimal places.)
How much is the minimum revenue that a single external customer must contribute for it to be considered as a major customer under IFRS 8?
The following information were taken from the records of ABC Inc., a domestic corporation in its 4th year of operations: Gross profit from sales Capital gain on sale directly to buyer of shares in a domestici corporation Dividend received during the month of December from: Domestic corporation Resident foreign corporation (the ratio of gross income in the Philippines over gross income from all sources for the past 3 years is 80%) Interest on: Bank deposit Trade receivable Business expenses Income tax withheld Quarterly income tax payments Excess tax payment 2020 Assets P31,000,000 1,000,000 c. P1,037,500 d. P1,065,000 200,000 100,000 200,000 500,000 21,000,000 1,150,000 600,000 100,000 125,000,000 How much is the income tax payable assuming the taxable year is 2020? a. P330,000 b. P430,000
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Rotorua Products sells agricultural products in the burgeoning Asian market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Sales Current assets: Cash Accounts receivable, net Inventory Total current assets Current liabilities Year 11 Year 2 Year 3 Year 4 Year 5 $4,545,400 $4,737,850 $ 5,126,380 $5,421,900 $5,776,190 Year 1 $ 88,854 418,283 800,380 $ 1,307,517 $ 313,578 Required: 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. Note: Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3). % % % % % % Year 2 $ 88,845 $ 77,057 435,833 587,279 $ 90,380 417,076 876,061 $1,383,517 $ 1,350,248 $ 1,466,414 $1,552,502 $ 346,822 $ 336,685 $ 335,107 $ 390,612 825,570 882,078 % % % % % % Year 3 % % % % Year 4 % % $ 80,928 569,984…
Need help The accounting firm of Deloitte & Touche is the largest international accounting firm in the world as ranked by total revenues. For two recent years, Deloitte & Touche reported the following for its U.S. operations: CurrentYear PreviousYear Revenue (in billions) $19.9 $18.6 Number of professional staff (including partners) 79,347 71,212 a. For the current and previous years, determine the revenue per professional staff. Round your answers to the nearest dollar. Revenue per professional staff Current year $fill in the blank 1 Previous year $fill in the blank 2
Domestic
Starbucks Corporation reported the following geographical segment revenues for a recent and a prior fiscal year: Recent Year Prior Year (in millions, rounded) (in millions, rounded) Americas $13,293 $11,980 EMEA* 1,217 1,295 China/Asia Pacific 2,396 1,130 Channel Development** 1,731 1,546 Other 526 497 $19,163 $16448 Total *Europe, Middle East, and Africa **Sells packaged coffee and teas globally a. Prepare a horizontal analysis of the segment data using the prior year as the base year. Round whole percents to one decimal place. b. Prepare a vertical analysis of the segment data. Round whole percents to one decimal place. c. What conclusions can be drawn from your analyses?
Payton Company has the following segment revenues for the two most recent years. Segment United States Canada Other countries Total revenues Prepare a horizontal analysis of the segment data. Calculate the percentage to four decimal places, then round your answer to one decimal place. For amount or percentage decreases, enter a minus sign. Segment United States Canada Other countries Current Year (in millions) Prior Year (in millions) $835 $635 328 348 214 163 $1,377 $1,146 Total revenues Payton Company Horizontal Analysis Current Year Prior Year Amount Increase Percent Increase (in millions) (in millions) (Decrease) $835 $635 $ 328 348 214 163 $1,377 $1,146 (Decrease) %
Ivanhoe, Inc., has net income of $14,964,000 on net sales of $348,000,000. The company has total assets of $120,000,000 and stockholders' equity of $60,000,000. Use the extended DuPont identity to find the return on assets and return on equity for the firm. (Round answers to 2 decimal places, e.g. 12.25 or 12.25%.) Profit margin Total assets turnover Return on assets Return on equity % times % %
Marriott International, Inc., and Hyatt Hotels Corporation are two major owners and managers of lodging and resort properties in the United States. Abstracted income statement information for the two companies is as follows for a recent year (in millions):Please see the attachment for details:1. Determine the following ratios for both companies, rounding ratios and percentages to one decimal place:a. Return on total assetsb. Return on stockholders’ equityc. Times interest earnedd. Ratio of total liabilities to stockholders’ equity2. Based on the information in (1), analyze and compare the two companies’ solvency and profitability.

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