The following information is provided for oriole company solve this question The following information is provided for Oriole Company and Cheyenne Corp.:Oriole Company (in $ millions) Cheyenne Corp. (in $ millions)Net income 2017$150Net sales 20171345Totalassets109012/31/15Totalassets126012/31/16Totalassets119012/31/17What is Cheyenne's return on assets for 2017?a.10.1%b.11.5%c.11.8%d.13.4%$4054770215030304000

The problem requires the determination of the return on assets. Return on assets (ROA) is a ratio…

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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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Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 Sales $ 1,625.0 $ 2017 1,300.0 Operating costs excluding depreciation and amortization 1,300.0 1,105.0 EBITDA $ 325.0 $ 195.0 Depreciation and amortization 39.0 31.0 Earnings before interest and taxes (EBIT) $ 286.0 $ 164.0 Interest 36.0 29.0 Earnings before taxes (EBT) $ 250.0 $ 135.0 Taxes (40%) 100.0 54.0 Net income $ 150.0 $ 81.0 Common dividends $ 135.0 $ 65.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 Assets Cash and equivalents $ 23.0 $ 2017 18.0 Accounts receivable 164.0 143.0 Inventories 343.0 312.0 Total current assets $ 530.0 $ 473.0 Net plant and equipment 390.0 312.0 Total assets $ 920.0 $ 785.0 Liabilities and Equity…
1. Comprehensive analysis: The balance sheets and the profit and loss accounts of Maharaja Synthetics Limited for the last two years are given as follows: Particulars (Rs.in Thousands) 2017 2018 Net sales Other Income Total Income 788, 1 10 15,370 803,480 672,040 18,020 690,060 473,290 118,190 Cost of goods sold Other operating expenses Depreciation Interest Profit before tax 520,460 131,970 22,260 20,140 32,860 24,380 95,930 54,060 Тахек s 28,780 67,150 16,788 16,218 Profit after tax 37,842 Dividend 9,460 Retained earnings 50,362 28,382 Balance Sheet as on 31st March Particulars Assets Non-current assets Cash and bank Trade receivables Inventories Total Current assets 2018 2017 223,200 24,202 175,960 21,200 91,160 68,900 130,210 111,300 201.400 377,360 245.572 Total 468,772 Liabilities Shareholders fund (Note 1) 232,682 182,320 106,000 Long term debt Short term debt Trade payables Total current liabilities 137,800 58,300 39,990 98,290 58,300 30.740 89.040 377,360 Total 468,772…
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Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $ 1,800.0 $ 1,500.0 Operating costs excluding depreciation and amortization 1,395.0 1,275.0 EBITDA $ 405.0 $ 225.0 Depreciation and amortization 43.0 39.0 Earnings before interest and taxes (EBIT) $ 362.0 $ 186.0 Interest 40.0 33.0 Earnings before taxes (EBT) $ 322.0 $ 153.0 Taxes (40%) 128.8 61.2 Net income $ 193.2 $ 91.8 Common dividends $ 174.0 $ 73.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash and equivalents $ 23.0 $ 18.0 Accounts receivable 248.0 225.0 Inventories 396.0 360.0 Total current assets $ 667.0 $ 603.0 Net plant and equipment 429.0 390.0 Total assets $ 1,096.0 $ 993.0 Liabilities and Equity Accounts…
RFT Corporation 2018 Statement of comprehensive income ($ in millions) Sales $10,850 Costs of goods sold $8,410 Depreciation $190 EBIT $2,250 Interest $ 165 EBT $2,085 Taxes $710 Net income $1,375 Dividends paid $300 Addition to retained earnings $ 1,075 RFT Corporation Statement of financial position Years ended 2017 and 2018 ($ in millions ) 2017 2018 2017 2018 Cash $980 $960 Accounts payable $950 $730 Accounts rec. $950 $880 Notes payable $40 $150 Inventory $2,120 $1,750 Total $990 $ 880 Total $5,050 $3,590 Long-term debt $2,225 $100 Fixed assets $1,700 $2,540 Common stock $2,030 $ 3,570 Retained earnings $505 $1,580 Total assets $ 5,750 $6,130 Total liabilities and Owner's equity $5,750 $6, 130 During 2018, the quick ratio: Question 22 options: Increased. Decreased. Remained constant. Changed, but the direction of the change cannot be determined. None of the choices are correct.
Using the information below calculate the ROC of the company Years Revenue ($M) Net Income ($M) 2012 221.8 2.9 2013 473.8 20.2 2014 627.7 36.4 2015 947.8 45.0 2016 1,015.5 50.3 2017 1,046.2 64.9 2018 1,293.2 90.4 Years Total Assets ($M) Fixed Assets ($M) Current Assets ($M) Total Equity ($M) Retained Earnings ($M) 2012 430 286 144 293 12.8 2013 956 501 455 558 33.0 2014 922 668 324 620 69.4 2015 1103 796 307 665 114.4 2016 1120 835 285 729 164.7 2017 1294 738 556 805 229.6 2018 2053 703 1350 934 320
the following information is provided for Northwest company. net income 2022 $165 net sales 2022. $1,650 total assets 12/31/20 $1,000 total assets 12/31/21 $1,050 total assets 12/31/22 $1,150 What is Northwest's return on assets for 2022? a. 150.0% b. 15.7% c. 15.0% d. 14.3%
Given the historical income statement of Mega Trade Inc., how much would be added to the company's retained earning for the year 2016 (in millions)? Income Statement ( $ Million) Year End 2015 2016 2017 2019 Sales 1, 234.90 1,251.70 1,300.40 1,334.40 Cost of Sales -679.1 -659 -681.3 -667 Gross Operating Income Selling & Administration -339.7 -348.6 -351.2 -373.3 Depreciation -47.5 -52 -55.9 -75.2 Other Income / Expenses 11.8 7.6 7 8.2 Earnings Before Interest and Taxes Interest Income 1.3 1.4 1.7 2 Interest Expense -16.2 -15.1 -20.5 -23.7 Pre Tax Income Income Taxes -56.8 -64.2 -67.5 -72.6 Net Income Dividends -38.3 -38.7 -39.8 -40.1
The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 December 31, 2016 Total assets $930.9 $920.1 Total liabilities 197.1 208.6 Net sales 515.7 517.4 Net income 80.7 67.2 Compute the following ratios for Tootsie Roll for 2017. (a) Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) enter the asset turnover rounded to 4 decimal places times (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) enter the return on assets in percentages rounded to 2 decimal places % (c) Profit margin on sales (Round answer to 2 decimal places, e.g. 4.87%.) enter the profit margin on sales in percentages rounded to 3 decimal places %

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