The following financial information is provided for Brightstar Corp.: Net Income (2023): $500 million Total Assets on January 1, 2023: $3,500 million Total Assets on December 31, 2023: $4,500 million What is Brightstar Corp. _ s return on assets (ROA) for 2023? A. 11.80% B. 12.50% C. 13.20% D. 14.00%
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- Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory 12,500Total Assets in 2021 110,000Current Liabilities 40,000Total Assets in 2020 90,000Net Profit 12,000Shareholders' Equity 65,000 Select one:a. 0.12b. 0.10c. 0.18d. 0.13Randall Corporation reported the following revenue data:Year Net revenues (in millions)$$$$6,8007,0046,7327,2762016201720182019Use 2016 as the base year. The trend percentage in 2019 is closest toa. 93%.b. 104%.c. 107%.d. 112%A comparative balance sheet for Gena Company appears below:GENA COMPANYComparative Balance SheetDec. 31, 2021 Dec. 31, 2020AssetsCash $ 34,000 $11,000Accounts receivable 21,000 13,000Inventory 35,000 17,000Prepaid expenses 6,000 9,000Long-term investments -0- 17,000Equipment 60,000 33,000Accumulated depreciation—equipment (20,000) (15,000)Total assets $136,000 $85,000Liabilities and Stockholders' EquityAccounts payable $ 17,000 $ 7,000Bonds payable 36,000 45,000Common stock 53,000 23,000Retained earnings 30,000 10,000Total liabilities and stockholders' equity $136,000 $85,000Additional information:1. Net income for the year ending December 31, 2021 was $35,000.2. Cash dividends of $15,000 were declared and paid during the year.3. Long-term investments that had a cost of $17,000 were sold for $14,000.4. Depreciation expense for the year was $5,000.InstructionsPrepare a full statement of cash flows for the year ended December 31, 2021, using the indirectmethod.
- Here is financial information for Carla Vista Inc. Current assets Plant assets (net) Current liabilities Long-term liabilities Common stock, $1 par Retained earnings $ $ $ $ December 31, 2025 2025 $ Prepare a schedule showing a horizontal analysis for 2025, using 2024 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) $ CARLA VISTA INC. Condensed Balance Sheets $ $109,200 403,500 102,500 125,200 133,200 $ 151,800 $ December 31, 2024 $93,500 2024 353,200 68,200 93,500 118,200 166,800 $ $ $ $ $ Increase or (Decrease) Amount Percent % % % % % % % % % %return on Assets Sue Company reports the following information in its financial statements. Numbers are in thousands. 2019 2018Net Sales $42,075 $44,100Net Income 12,780 15,732Total Assets 63,900 87,400 There were 5,000 outstanding shares at December 31, 2019.Required a. What was Sue's return on assets for 2019 and 2019? (Round to one decimal point)Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2022 Sales Cost Net income $ 7,000 5,500 $ 1,500 2021 BALANCE SHEET, YEAR-END 2022 Assets $ 2,500 $ 3,000 Total $2,500 $ 3,000 Debt Equity Total 2021 $ 853 1,647 $ 2,500 2022 $ 1,000 2,000 $ 3,000 Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2023 of (a) 40%, (b) 45%, and (c) 50%. Note: Do not round intermediate calculations. Round your answers to 2 decimal places. External Financing Need (a) 40% (b) 45% (၁) 50%
- For the year ending March 31, 2019, Northern Air Cooling Corporation has: Total assets = $109,931,999 ROA = 9.67 % ROE = 11.19 % Net profit margin = 10.59 % Determine the following: Net income: _____________ Sales: _____________ Equity Multiplier: _____________Here is financial information for Glitter Inc. Current Assets Plant Assets Current Liabilities Long-Term Liabilities Common Stock $1 par Retained Earnings Assets Instructions Prepare a schedule showing horizonal analysis for 2022. Using 2021 as the base year. Your Answers: FYI: Format the % with one decimal place: ex 99.9% If your dollar or percent answer is a negative amount, indicate by parentheses as: ex (99.9%) I Current Assets Plant Assets (net) Total Assets Liabilities Current Liabilities Long-Term Liabilities Total Liabilities Stockholders' Equity Common Stock, $1 par Retained Earnings Total Stockholders' Equity December 31 2022 106,000 400,000 99,000 122,000 130,000 155,000 Total Liabilities and Stockholders' Equity 2022 2021 106,000 90,000 400,000 350,000 506,000 440,000 99,000 65,000 122,000 90,000 221,000 155,000 130,000 155,000 285,000 115,000 170,000 285,000 December 31 2021 90,000 350,000 65,000 90,000 115,000 170,000 506,000 440,000 Increase OR (Decrease) $ Amount…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.…
- Here are the abbreviated financial statements for Planner's Peanuts: INCOME STATEMENT, 2022 Sales Cost Net income BALANCE SHEET, YEAR-END Assets $ 7,500 Total 5,900 $ 1,600 2021 2022 $ 3,500 $4,000 Debt 2021 $ 853 Equity 2,647 $3,500 $ 4,000 Total $3,500 2022 $ 1,000 3,000 $4,000 Assets are proportional to sales. If the dividend payout ratio is fixed at 50%, calculate the required total external financing for growth rates in 2023 of (a) 40%, (b) 45%, and (c) 50%. Note: Do not round intermediate calculations. Round your answers to 2 decimal places.Pharoah Corporation’s comparative balance sheet is presented below. PHAROAH CORPORATIONBalance SheetDecember 31 Assets 2021 2020 Cash $12,010 $8,980 Accounts receivable 17,810 19,660 Land 16,800 21,840 Buildings 58,800 58,800 Accumulated depreciation—buildings (12,600 ) (8,400 ) Total $92,820 $100,880 Liabilities and Shareholders’ Equity Accounts payable $10,390 $26,120 Common shares 63,000 57,960 Retained earnings 19,430 16,800 Total $92,820 $100,880 Additional information: 1. Profit was $19,010. Dividends declared and paid were $16,380. 2. No noncash investing and financing activities occurred during 2021. 3. The land was sold for cash of $4,120 resulting in a loss of $920 on the sale of the land. Prepare a cash flow statement for 2021 using the indirect method. Lu…Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Assets Current assets Cash Accounts receivable Inventory Total Total assets 2020 Net plant and equipment $240,750 $310,600 a. Current ratio b. Quick ratio c. Cash ratio d. NWC ratio e. Debt-equity ratio e. Equity multiplier f. Total debt ratio f. Long-term debt ratio $8,850 $14,200 15,750 23,000 34,650 52,200 $ 59,250 $89,400 JUST DEW IT CORPORATION 2020 and 2021 Balance Sheets 2021 300,000 400,000 2020 times times times % times times times times Liabilities and Owners' Equity Current liabilities 2021 Accounts payable Notes payable Based on the balance sheets given for Just Dew It: a. Calculate the current ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the quick ratio for each year. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. Calculate the cash ratio for…
