The balance sheets of a company reported net fixed assets of $356,000 at the end of 2024. The fixed-asset turnover ratio for 2024 was 3.0, and sales for the year totaled $1,410,000. Net fixed assets at the end of 2023 were:
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- For year 2022, a company reports net operating profit after taxes (NOPAT) of $32,910.4 million. The following additional information is gathered from its financial statements (in millions): End of 2022End of 2021Operating assets$337,052.7$388,934.1Nonoperating assets$18,916.9$20,649.9Operating liabilities$85,432.7$98,300.2Nonoperating liabilities$170,865.6$196,600.0 What was the company’s free cash flows to the firm (FCFF) for year 2022? [ Select ] ["$8,909.0", "$63,293.4", "$71,924.3", "$83,432.2", "$218,709.6"] This questions is multiple choice with the possible answers above.For 2022, Bramble Corp. reported beginning total assets of $217,000 and ending total assets of $419,000. Its net income for this period was $57,000, and its net sales were $795,000.Compute the company’s asset turnover in times for 2022. (Round answer to 2 decimal places, e.g. 1.25.)Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,000 and net income of $80. Its balance sheet also showed total assets at the beginning of the year of $24,500 and total assets at the end of the year of $23,300.Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover enter the asset turnover rounded to 2 decimal places times Return on assets enter the return on assets in percentages rounded to 2 decimal places %
- JT Engineering’s current asset information for all four quarters of 2020 is shown below. JT maintained a constant $250,000 of current liabilities throughout the year. Based on the current ratio, in which quarter was JT least liquid? CURRENT ASSETS Q1 Q2 Q3 Q4 Cash $10,000 $8,500 $9,200 $9,000 Short-term Investments 72,000 75,000 69,000 70,000 Accounts Receivable 66,000 61,500 64,300 65,000 Inventory 110,000 112,000 112,000 111,500 Prepaid Expenses 20,000 21,500 20,100 21,400 TOTAL CURRENT ASSETS $278,000 $278,500 276,600 276,900 a.) Q3 b.) Q1 c.) Q4 d.) Q2Cadux Candy Company's income statement for the year ended December 31, 2021, reported interest expense of $6 million and income tax expense of $32 million. Current assets listed in its balance sheet include cash, accounts receivable, and inventory. Property, plant, and equipment is the company's only noncurrent asset. Financial ratios for 2021 are listed below. Profitability and turnover ratios with balance sheet items in the denominator were calculated using year-end balances rather than averages Debt to equity ratio Current ratio Acid-test ratio. Times interest earned ratio Return on assets Return on equity Profit margin on sales Gross profit margin (gross profit divided by net sales) Inventory turnover Receivables turnover Assets Current assets Cash CADUX CANDY COMPANY Balance Sheet At December 31, 2021 (All values are in millions) Required: Prepare a December 31, 2021, balance sheet for the Cadux Candy Company. (Enter your answers in millions. Round your intermediate calculations…Prescott Football Manufacturing had the following operating results for 2019: sales = $30,074; cost of goods sold = $21,704; depreciation expense = $3,498; interest expense = $534; dividends paid = $841. At the beginning of the year, n fixed assets were $19,988, current assets were $3,205, and current liabilities were $3,554. At the end of the year, net fixed assets were $23,047, current assets were $4,425, and current liabilities were $3,045. The tax rate for 2019 was 24 percent. A. What is net income for 2019? B. What is the operating cash flow for 2019? C. What is the cash flow from assets for 2019? D. Assume no new debt was issued during the year. What is the cash flow to creditors for 2019? F. Assume no new debt was issued during the year. What is the cash flow to
- Suppose during 2022 that Federal Express reported the following information (in millions): net sales of $34,400 and net income of $88. Its balance sheet also showed total assets at the beginning of the year of $24,580 and total assets at the end of the year of $23,300. Calculate the asset turnover and return on assets. (Round asset turnover to 2 decimal places, e.g. 6.25 and return on assets to 1 decimal place, e.g. 17.5%.) Asset turnover Return on assets times %= Manaia Manufacturing had the following operating results for 2022: sales $30,674; cost of goods sold $21,920; depreciation expense $3,582; interest expense $594; dividends paid $889. At the beginning of the year, net fixed assets were $20,336, current assets were $2,149, and current liabilities were $4,886. At the end of the year, net fixed assets were $23,227, current assets were $4,557, and current liabilities were $3,237. The tax rate for 2022 was 21 percent. a. What is net income for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. b. What is the operating cash flow for 2022? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c. What is the cash flow from assets for 2022? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. d. If no new debt was issued…The 2023 annual report for Pronghorn Industries Inc. contained the following information: Dec. 31, 2022 Dec. 31, 2023 Total assets 561,000 605,000Total liabilities 65,400 88,900Net revenue 410,000 530,000Net income 54,000 32,000 Calculate the rate of return on assets using profit margin for 2023
- Gibson Corporation’s balance sheet indicates that the company has $580,000 invested in operating assets. During 2018, Gibson earned operating income of $67,280 on $1,160,000 of sales. Required Compute Gibson’s profit margin for 2018. Compute Gibson’s turnover for 2018. Compute Gibson’s return on investment for 2018.The Oscar Meyer Corporation earned $33 million in 2019 on sales of $450.5 million. The company's balance sheet also listed current assets of $27 million, and fixed assets of $378 million. What is the firms Return on Assets (ROA)? a. 0.211 b. 0.201 O c. -0.029 d. -0.049 e. 0.081Assume Metro Company had a net income of $2,100 for the year ending December 2018. Its beginning and ending total assets were $30,000 and $18,000, respectively. Calculate Metro's return on assets (ROA). (Round your percentage answer to two decimal places.) A. 7% B. 11.67% C. 4.38% D. 8.75%
