The fiscal 2010 financial statements for Neptune, Inc report revenues of $14,892,615, net operating profit after tax of $987,625, net operating assets of $6,124,587. The fiscal 2009 balance sheet reports net operating assets of $5,995,633. What is Neptune s 2010 net operating profit margin?
Q: Bridgestone Manufacturing Company's manufacturing overhead is 70% of its total conversion costs. If…
A: Explanation of Conversion Costs:Conversion costs represent the total expenses required to convert…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Asset AllocationAsset Allocation: When a lump sum purchase is made for…
Q: I want answer this question
A: Explanation of Cost of Goods Sold (COGS):Cost of Goods Sold (COGS) represents the direct costs of…
Q: Answer? ? Financial accounting question
A: Step 1: Define Simple InterestSimple interest is calculated on the principal amount of a loan or…
Q: If beginning and ending work in process inventories are $9,100 and $18,100, respectively, and cost…
A: Explanation of Beginning Work in Process Inventory: Beginning work in process inventory represents…
Q: What was net capital spending???
A: To calculate net capital spending, we use the following formula: Net Capital Spending = Ending Net…
Q: what is the amount of the new borrowing
A: To solve the problem of determining the net new borrowing for Mountain View Corp., we can use the…
Q: Please provide answer
A: Explanation of Beginning Work in Process Inventory: This represents the value of partially completed…
Q: The times interest earned ratio??
A: To calculate the times interest earned ratio, we use the following formula: Times Interest Earned…
Q: If UPPA Company had net income of $561,600 in 2022 and it experienced a 17% increase in net income…
A: Concept of Net Income:Net income refers to the profit a company earns after deducting all expenses,…
Q: Financial accounting question
A: To calculate the interest recognized for the period from April 1 to December 31, we use the…
Q: The record of Marshall company include
A: Explanation of Return on Assets (ROA):Return on Assets (ROA) measures how efficiently a company…
Q: Need correct answer general Accounting question
A: Detailed explanation:Given:Principal, $44,300Interest Rate, 8% per year Time, 8 years Required :…
Q: General Accounting
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that measures a…
Q: Provide correct answer
A: Given:Prime cost = $80,000Prime cost is the sum of direct materials and direct labor…
Q: Subject: Financial Accounting
A: Concept of Structural Dependency Analysis:Structural dependency analysis is the process of…
Q: The leo company had
A: Solution:= beginning accounts receivable + sales revenue - ending accounts receivable= $27,000 +…
Q: General Accounting
A: Step 1: Define Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that measures how…
Q: What is the amount of cash Eddie would receive from the sale ?
A: KEY CONCEPTS:1. Bond Face Value- This is the principal amount of the bond- Also called par value or…
Q: A dress company has the following standards
A: Detailed explanation:Formula: Direct Materials Quantity = (Actual quantity usage in units - Standard…
Q: Department A had 15,000 units in work in process that were 60% completed as to labor and overhead at…
A: Explanation: In the given case, we are required to determine the number of equivalent units of…
Q: Financial Accounting
A: Step 1: Definition of Owners' EquityOwners' Equity is the residual interest in the assets of a…
Q: ??!!
A: Explanation of Equivalent Units of Production:The Equivalent Units of Production is a measure used…
Q: Green Path Landscaping purchased equipment through a 5-year capital lease. Annual payments are…
A: To calculate the present value of the lease, we can use the Present Value of Annuity (PVA)…
Q: What is syl's break-even point in sales??
A: Explanation of Sales: Sales, which is $1,650,000 in this case, represents the total revenue…
Q: General accounting question
A: Explanation of Trade Discount: A trade discount is a reduction in the list price that manufacturers…
Q: 4 PTS
A: The net cash flow from/used for investing activities is calculated as follows: Net cash flow from…
Q: ??!!!
A: Explanation of Net Cash from Operating Activities: Net cash from operating activities, which is…
Q: Need help with this general accounting question
A: Step 1: Definition of the Accounting EquationThe accounting equation states that a company's total…
Q: Riverbend Earthworks Inc. purchased a used Komatsu PC210 excavator for $600,000 in January 2018. The…
A: Explanation of Straight-Line Depreciation:Straight-line depreciation is a method of allocating the…
Q: Calculate the overhead expenses as a percentage of the net sales.
A: Explanation of Net Sales:Net sales represent the actual revenue generated from sales after deducting…
Q: Financial accounting question
A: Step 1: Define Dividend Payout Ratio And Debt RatioThe dividend payout ratio and debt ratio denote…
Q: Calculate ROA solution general accounting question
A: Step 1: Definition of ROAReturn on Assets (ROA) measures a company's profitability relative to its…
Q: Ans
A: The functional currency in multinational operations is an important determination since it reflects…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of ROA and ROEReturn on Assets (ROA) measures a company's profitability relative…
Q: I want to correct answer general accounting question
A: a. Cost of Goods Sold (COGS) Equation The formula for the cost of goods sold is: COGS = Beginning…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Total Product CostTotal product cost includes all direct costs (materials and…
Q: Financial accounting
A: Explanation of P/E (Price-to-Earnings) Ratio: The P/E ratio is a key financial metric that compares…
Q: Gary receives $51,000 worth of Quantro, Inc., common stock from his late grandmother's estate. Early…
A: The problem requires the determination of the gross income. Gross income refers to the total income…
Q: What amount will be reported for accumulated depreciation on these financial accounting question?
A: Step 1: Define Straight-Line DepreciationStraight-Line Depreciation is a method of allocating the…
Q: I want to correct answer general accounting question
A: Step 1:The times interest earned ratio can be calculated by dividing the Income before interest and…
Q: What is the annual depreciation rate of this financial accounting question?
A: To calculate the annual depreciation rate, we first need to find the annual depreciation expense and…
Q: Compute the correct cost of goods sold for 2022.
A: Explanation of Beginning Inventory:Beginning inventory refers to the value of a company's inventory…
Q: Can you please give me correct solution for this general accounting question?
A: (i) Break-Even Point in UnitsBreak-Even Units=(Fixed Costs+Desired Profit)/(Selling Price per…
Q: General accounting
A: To calculate net cash provided by financing activities, we consider all cash inflows and outflows…
Q: Centex a producer of telephone systems for small business
A: To calculate the Degree of Operating Leverage (DOL) for Centex, we use the formula:DOL=Operating…
Q: Financial Accounting Question need help
A: Step 1: Predetermined Overhead RateThe Predetermined Overhead Rate (POHR) is a rate used to allocate…
Q: What is the balance of the ending work in process inventory account
A: Explanation of Work in Process (WIP) Inventory:Work in Process (WIP) inventory refers to the…
Q: What is Hannah's debt to equity ratio??? General accounting
A: To calculate Hannah's debt-to-equity ratio, we use the formula: Debt-to-Equity Ratio = Total Debt /…
Q: None
A: To compute the dollar markup and the markup percent based on the cost of the rebuilt motor, follow…
Step by step
Solved in 2 steps
- In fiscal year 2021, Walmart Inc. (WMT) reported annual revenue of $572.75 billion, gross profit of $143.75 billion, and net income of $13.67 billion. Costco Wholesale Corporation (COST) had revenue of $195.9 billion, gross profit of $25.25 billion, and net income of $5.01 billion. a. Compare the gross margins for Walmart and Costco. b. Compare the net profit margins for Walmart and Costco. c. Which firm was more profitable in 2021?What is the return on assets? General accountingComputing NOPAT, NOPM and RNOA Selected information from the financial statements of GoPro, Inc. is provided below: ($ thousands) Revenue Operating income Net interest expense and other nonoperating expense Net income Operating assets Operating liabilities 2014 $ 121,573 2013 $ 64,157 Assume a statutory tax rate of 35%. a. Compute GoPro's net operating profit after taxes (NOPAT) for 2014 and 2013. Round answers to the nearest whole number. 2014 2013 2014 2013 $1,392,450 $984,725 b. Compute GoPro's net operating profit margin (NOPM) for each year. Round answers to one decimal place. (Ex: 0.2345 = 23.5%) 8.7% 6.5 % 187,035 98,703 6,032 7,357 125,888 60,758 815,643 439,716 276,487 254,227 33.6% c. Compute GoPro's return on net operating assets (RNOA) for 2014. Round answers to one decimal place. (Ex: 0.2345 = 23.5%) 2014
- CalculationSelected information from the annual financial statements of Delicata Industries is shown below. ($ in thousands) Revenue Operating income Net other income(expense) Net income 240,000 5,600 196,480 Average operating assets 4,200,000 Average operating liabilities 1,800,000 Current Financials $1,500,000 Delicata has an income tax rate of 20%. a. What is Delicata's net operating profit after taxes (NOPAT) for the year? $0 b. Calculate Delicata's net operating profit margin (NOPM) for the year. Result Numerator + Denominator = 0 + $ 0 = NOPM $ c. Calculate Delicata's return on net operating assets (RNOA) for the year. Numerator + Denominator = Result 0 + $ 0 = RNOA $ 96Čardinal Industries had the following operating results for 2018: Sales = $34,621; Cost of goods sold Dividends paid = $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,01O. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. $24,359; Depreciation expense = $6,027; Interest expense $2,725; %3D a. What is net income for 2018? (Do not round intermediate calculations.) b. What is the operating cash flow for 2018? (Do not round intermediate calculations.) c. What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do not 1. round intermediate calculations.) d- If no new debt was issued during the year, what is the cash flow to stockholders? (Do…
- Computing, Analyzing and Interpreting Residual Operating Income (ROPI) In its annual report for the fiscal year ended July 27, 2019, Cisco Systems reports the following ($ million): Net operating profit after tax (NOPAT) Net operating assets (NOA) beginning July 27, 2019 $3,404 $6,668 Assuming the following weighted average cost of capital (WACC), what is Cisco's residual operating income (ROPI) for the fiscal year ended July 27, 2019? WACC 7.6% ROPI $ 2,896.192 b. At what level of WACC would Cisco not report positive residual operating income for the year? WACC 51 %Answer this Financial AccountingThe following are extracts from a statement of profit or loss and other comprehensive income for the year ended 31 December 2009: R’000 Sales revenue 10 000 Cost of sales (8 500) Distribution costs (300) Administrative expenses (200) Net interest paid (150) Taxation (500) Dividends (100) The operating profit is____.
- What is the gross margin of this financial accounting question?A classified income statement showed net sales of $630,000, cost of goods sold of $342,000, and total operating expenses of $192,000 for the fiscal year ended June 30, 2019. 1. What was the gross profit on sales? 2. What was the net income from operations?Use the table for the question(s) below. Consider the following income statement and other information: Luther Corporation Consolidated Income Statement Year ended December 31 (in $ millions) 2009 2008 Total sales 610.1 578.3 Cost of sales (500.2) (481.9) Gross profit 109.9 96.4 Selling, general, and administrative expenses (40.5) (39.0) Research and development (24.6) (22.8) Depreciation and amortization (3.6) (3.3) Operating income 41.2 31.3 Other income --- --- Earnings before interest and taxes (EBIT) 41.2 31.3 Interest income (expense) (25.1) (15.8) Pre-tax income 16.1 15.5 Taxes (5.5) (5.3) Net income 10.6 10.2 Price per share $16 $15 Shares outstanding (millions) 10.2 8.0 Stock options outstanding (millions) 0.3 0.2 Stockholders' Equity 126.6 63.6 Total Liabilities and Stockholders' Equity…