Please provide the accurate answer to this general accounting problem using valid techniques. The following information is provided for Gravitas Corpand Dexline Inc.:($ in millions)Gravitas Corp. Dexline Inc.Net income 2023$370$510Net sales 20235,4306,200Total assets, 12/31/2021 2,3002,900Total assets, 12/31/2022 3,2003,800Total assets, 12/31/2023 4,0004,500What is Dexline Inc.'s return on assets (ROA) for 2023?

Step 1: Define Return on Assets (ROA)Return on Assets (ROA) measures a company's ability to generate…

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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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The following information is provided for Sandhill Company and Indigo Corporation. (in $ millions) Sandhill Company Indigo Corporation Net income 2022 $125 $375 Net sales 2022 1540 4500 Total assets 12/31/20 1045 2010 Total assets 12/31/21 1220 3150 Total assets 12/31/22 1175 4070 What is Indigo's return on assets for 2022?
The following information is provided for Company A and Company B. (in $ millions) Net income 2028 Net sales 2028 Total assets 12/31/26 Total assets 12/31/27 Total assets 12/31/28 What is Company B's return on assets for 2028? OA) 14.0% OB) 10.5% OC) 12.0% Company A $165 1,650 1,000 1,050 1,150 OD) 15.6% Company B $ 420 4,900 2,400 3,000 4,000
Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions)20222021Accounts receivable (gross)$ 3,650$ 4,530Accounts receivable (net)3,4004,450Allowance for doubtful accounts25080Sales revenue32,97035,470Total current assets7,1427,304 Answer each of the following questions.(a)Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnoverenter the accounts receivable turnover in times rounded to 1 decimal place timesThe average collection period for 2022enter the average collection period for 2022 in days rounded to 1 decimal place days
What is GLA Corporation's return on Assets (rounded) for 2022?
The following information is provided for Oceanic Ventures and Pinnacle Holdings: (in $ millions) Oceanic Ventures Pinnacle Holdings Net income 2021 $280 $640 Net sales 2021 3,500 7,200 Total assets 12/31/19 2,400 4,600 Total assets 12/31/20 2,700 5,000 Total assets 12/31/21 3,000 5,500 Capital expenditures $150 $300 What is Pinnacle Holdings' return on assets (rounded) for 2021?
d. P3,190,000 Nし,000 2196,000 11. On May 2, 2022, the separate statement of financial position of Paer Corporation and Simon Company are as follows: Peter Simon Cash P145,700 120,500 42,500 185.800 P494,500 P15,500 35,800 10,200 78,000 P139,500 Accounts receivable Inventories Plant assets Total assets P 28,800 50,000 P110,400 200,000 50,000 134.100 Total liabilities and stockholders' equity P494,500 Liabilities Capital stock, P100 par Additional paid in capital Retained earnings 60.700 P139,500 On May 2, 2022 Peter acquired 90% of Simon's outstanding voting shares for P108,000. Peter incurred additional P32,000 in acquisition- related costs. All the assets of Simon are fairly valued except the plant assets with a fair value of P90,000 on May 2, 2022. NCI is measured at proportionate share of Simon's identifiable net assets. What amount of total assets will be reported in the consolidated statement of financial position immediately after acquisition? a. P538,000 b. P494,000 c. P646,000…
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Subject general accounting
mework i 0 ences Mc Graw Hill INCOME STATEMENT OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) Net sales Costs Depreciation Earnings before interest and taxes (EBIT) Interest expense Pretax income Federal taxes (@ 21%) Net income Assets Current assets Cash and marketable securities Receivables Inventories Other current assets Total current assets Fixed assets Property, plant, and equipment Intangible assets (goodwill) Other long-term assets Total assets a. Free cash flow b. Additional tax c. Free cash flow million million million $ 27,571 17,573 1,406 $ 8,592 521 2022 8,071 1,695 $ 6,376 BALANCE SHEET OF QUICK BURGER CORPORATION, 2022 (Figures in $ millions) 2021 $ 2,340 1,379 126 1,093 $ 4,938 $ 24,681 2,808 2,987 $ 35,414 $ 2,340 1,339 121 620 $ 4,420 Saved $ 22,839 2,657 3,103 Liabilities and Shareholders' Equity Current liabilities Debt due for repayment Long-term debt Other long-term liabilities Total liabilities Total shareholders' equity $ 33,019 Total liabilities and…
The following information is provided for Atlas Corporation and Zephyr Limited: (in $ millions) Atlas Corporation Zephyr Limited Net income 2019 $300 $550 Net sales 2019 2,500 6,000 Total assets 12/31/17 1,800 3,500 Total assets 12/31/18 2,000 4,100 Total assets 12/31/19 2,200 4,700 Debt outstanding $200 $400 What is Zephyr Limited's return on assets (rounded) for 2019?
Data from the financial statements of Kroger King and SuperDeal Inc. are presented below (in millions): Kroger King SuperDeal Inc. Total liabilities, 2019 $18,261 $13,549 Total liabilities, 2018 18,052 15,023 Total assets, 2019 23,093 16,436 Total assets, 2018 23,257 17,604 Net sales, 2019 76,733 40,851 Net income, 2019 70 883 To the nearest hundredth of a percent, what is the 2019 profit margin for SuperDeal, Inc.? Select one: a. 2.39% b. 2.90% c. 2.16% d. Not enough information is provided

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