The following information relates to the Gates Corporation: Net assets, end of year P650,000 Net assets, beginning of year 300,000 Additional investment by shareholders 100,000 Dividends paid 150,000 Other comprehensive income for the year 80,000 Profit for the year is Group of answer choices 350,000 400,000 480,000 320,00
Q: The Diversified Portfolio Corporation provides investment advice to customers. A condensed income…
A: Cash flow statement refers to one of the key financial statements which is formed, prepared and…
Q: Determine the total amount of (19) profit or (loss) from continuing operations and (20) total profit…
A: A trial balance is a statement that has all the debit and credit balances of the ledger accounts…
Q: The balance sheet for Fanning Corporation follows: Current assets $232,000 763,000 Long-term assets…
A: Working Capital = Current Assets - Current Liabilities Current Ratio = Current AssetsCurrent…
Q: At year end, National Corporation balance sheet showed total assets of P70,000,000, total…
A: The Price Earnings Ratio is calculated by dividing Current Market Price per share by Earnings per…
Q: Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: return on total assets
A: Return on total assets = Net income * 100/ Average total assets
Q: For the XYZ corporation in 2021: Long Term Operating Capital Net Working Capital Long Term Debt…
A: Free cash flow refers to the amount of money that the company has remains after incurring all the…
Q: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash Marketable…
A: Through ratio analysis, companies can evaluate both their financial strengths and weaknesses.…
Q: The Diversified Portfolio Corporation provides investment advice to customers. A condensed income…
A: Statement of cash flow -A cash flow statement is a summary of the amount of money that comes into…
Q: Flanders Ltd. reported the following information for its 2021 fiscal year: Net income before taxes…
A: Given, Net income after taxes = $562,500 Preferred dividends =$35,000
Q: The financial statements of Neale Corporation include the following information:…
A: According to the rule, we will answer the first three subparts, for the remaining subparts, kindly…
Q: Here is the income statement for Teal Mountain Inc. TEAL MOUNTAIN INC. Income Statement For the…
A: SOLUTION- RATIO ANALYSIS- IT IS THE PROCESS OF EXAMINING AND COMPARING OF FINANCIAL INFORMATION BY…
Q: Statement of Comprehensive Income for the year ended 31 March 2021 Revenue (all credit) Gross profit…
A: Answer: Gross margin = Gross profit/ revenue Current ratio= Current assets/ Current liabilities…
Q: Following is information from Soar Corporation for Year 6 ($ in millions). Total revenue…
A: Net operating profit after tax also known as NOPAT can be calculated in following way. Net…
Q: The balance sheet for Fanning Corporation follows: Current assets $ 247,000 Long-term…
A: Financial ratios are quantitative metrics used to evaluate and analyze the financial performance,…
Q: The balance sheet of ATLF, Inc. reports total assets of $1,950,000 and $2,050,000 at the beginning…
A: Profit margin ratio is calculating by dividing the net income by net sales.
Q: Assume Metro Corporation had a net income of $2,200 for the year ending December 31. Its beginning…
A: Net income = $2,200 Beginning assets = $35,500 Ending assets = $19,000
Q: INCOME STATEMENT, 2022 Sales Cost Net income BALANCE SHEET, YEAR-END Assets $ 7,500 Total 5,900 $…
A:
Q: The Diversified Portfolio Corporation provides investment advice to customers. A condensed income…
A: Cash Flow Statement :— It is one of the financial statement that shows change in cash and cash…
Q: ncome statement Current Period Previous Period Sales Revenue 450,000…
A: FCFF is calculated as shown below.
Q: Oversees Corporation reported the following income and expense items for the year: Gross receipts…
A: Taxable income is the income on which tax to be paid to government. It is calculated by deducting…
Q: During 2021, Target Corporation had: Revenue of $623,000 Cost of Goods Sold of $250,000 …
A: Hi student Since there are multiple questions, we will answer only first question. Multi Step…
Q: Non-current assets $750,000; Long-term $400,000. 4 It can be said that for the company ABC the…
A: Shareholders' funds, which signify equity ownership in the company, are the remaining value that…
Q: Using the following balance sheet and income statement data, what is the total amount of working…
A: The ratio analysis helps to analyze the financial statements of the business with respect to assets…
Q: Compute the following ratios for 2021 and 2022. (Round profit margin, gross profit rate and…
A:
Q: Here is the income statement for Teal Mountain Inc. TEAL MOUNTAIN INC. Income Statement For the…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…
Q: how do i determine the working capital from the following information Sunland Company Balance Sheet…
A: Working capital is the metric that helps in indicating the short-term position of an entity.
Q: Here is the income statement for Windsor, Inc. WINDSOR, INC. Income Statement For the Year Ended…
A: The income statement for Windsor, Inc is given Required Compute the following measures for 20201.…
Q: Selected information from the balance sheet of Yogi Corp. for a recent year are provided below:…
A: Return on net assets = net income/NOA NOA = net operating assets = total assets - current…
Q: Apex Inc. reports the following for a recent year: Income from continuing operations before income…
A: Income from continuing operation = Income from continuing operation before income tax - Income tax…
Q: Balance Sheet You are evaluating the balance sheet for Cypress Corporation. From the balance sheet…
A: Cash and Marketable Securities = c = $670,000Accounts Receivable = ar = $870,000Inventory = i =…
Q: The Diversified Portfolio Corporation provides investment advice to customers. A condensed income…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: The following information relates to the Gates Corporation: Net assets, end of year…
A: The question is based on the concept of Financial Accounting.
Q: Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio…
A: The following formulas used as follows:-1)working capital = Current assets - Current…
Q: Selected information from the annual financial statements of Delicata Industries is shown below…
A: The different financial ratios used for the analysis of the company performance are divided as:(a)…
Q: This Year Last Year Assets Current assets: Cash $360,000 $310,000 Marketable securities…
A: Since you have posted multiple subparts at a time. As per guidelines I can solve only first three…
Q: You find the following financial information about a company: net working capital = $7, 809; total…
A: Net Working Capital = nwc = $1287Fixed Assets = fa = $7809Total Assets = ta = $11,942Long Term Debt…
Q: Here is the income statement for Tamarisk, Inc. TAMARISK, INC. Income Statement For the Year Ended…
A: a. Compute earnings per share for 2020 as shown below:
Q: The following information is available for Sunland Corporation for the year ended December 31, 2022:…
A: An income statement is one of the financial statements of a company that represents the income and…
Q: The following are selected account balances of Rule Corporation at the end of the current year:…
A: Formula: Net Income = Total Revenues - Total expenses.
Q: During the year, ChemClean Corporation has $280,000 in revenues, $130,000 in expenses,and $10,000 in…
A: Definition: Net income: The bottom line of an income statement which is the result of excess…
Q: Ivy Corporation reported the following amounts on its most recent financial statements, December 31,…
A: The amount of expenses is $523,000.Explanation:Step 1: To answer this problem, you will be needing…
Q: GM has the following balances at Dec31,2021: Operating Assets $ 1,200,000 Financial Assets…
A: 1. Return on Net Operating Assets - RNOA RNOA = Net Operating Profit After Taxes (NOPAT) / Net…
The following information relates to the Gates Corporation:
Net assets, end of year |
P650,000 |
Net assets, beginning of year |
300,000 |
Additional investment by shareholders |
100,000 |
Dividends paid |
150,000 |
Other comprehensive income for the year |
80,000 |
Profit for the year is
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- The balance sheet of ATLF, Inc. reports total assets of $950,000 and $1,050,000 at the beginning and end of the year, respectively. Net income and sales for the year are $100,000 and $800,000, respectively. What is ATLF's profit margin? Select one: a. 8% b. 15% c. 10% d. 80% e. 12.5%Consider the following statement of comprehensive Income for the Dartmoor Corporation: DARTMOOR CORPORATION Statement of Comprehensive Income Taxable income Taxes (34%) Net income Dividends Addition to retained earnings Current assets Cash The statement of financial position for the Dartmoor Corporation follows. Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets $2,500 7,862 EFN Assets DARTMOOR CORPORATION Statement of Financial Position $ 2,950 4,100 6,400 $13,458 $41,300 $54,750 31,300 $15,700 5,338 $10,362 Prepare a pro forma statement of financial position, assuming a 15% Increase in sales, no new external debt or equity financing, and a constant payout ratio. (Do not round Intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign In your response.) Current liabilities Accounts payable Notes payable Total Long-term…The Fountain Corporation data for the current year and prior year is as follows: Current year Prior year $76,200 $60,000 $59,400 $51,200 $82,500 $38,000 $47,880 $18,420 $618,000 $478,140 $139,860 $47,860 $50,000 $92,000 $80,000 $23,000 $20,000 $69,000 $60,000 With respect to long- term liabilities, what would a horizontal analysis report? Account Current assets Account receivable Merchandise inventory Current liabilities Long-term liabilities Common stock (5,000 shares) Retained earnings Net sales revenue COGS Gross Profit Selling/General expenses Net income before taxes Income tax expense Net Income A. Long-term liabilities increased by $8,000 B. Long-term liabilities decreased by $8,000. OC. Long-term liabilities increased by 21.05%. OD. Long-term liabilities decreased by 21.05%. ithat $44,000 $40,000 $55,000 $30,000 $42,000 $17,000 $515,000 $385,000 $130,000
- 1. During 2021, Target Corporation had: Revenue of $623,000 Cost of Goods Sold of $250,000 Operating expenses of $68,000 Interest expense of $4,000 Depreciation Expense of $13,000 During the year Target Corporation paid: 50% of net income in dividends 21% in corporate taxes a. Prepare a multi-step income statement on Sheet 1 of your spreadsheet. Include the dividend and additions to Retained Earnings below the income statement. b. Calculate Target's Operating Cash Flow beneath the Income Statement. 2. The following data refers to the 2021 year-end account balances for Target. However, the Retained Earnings balance is as of 12/31/2020. The accounts are listed in alphabetical order. $ Accounts Payable 25,000 Accounts Receivable 16,000 Accumulated Depreciation 175,000 Cash 44,000 Common Stock 120,000 Fixed Assets (gross) 390,000…You have been provided with the following information for City Projects Ltd: Statement of Comprehensive Income for the year ended 31 March 2021 R Revenue (all credit) Gross profit Operating profit Interest expense 610 000 390 000 170 000 17 000| Profit before tax 153 000 Net profit after tax 110 000 Statement of Financial Position as at 31 March 2021 R R Assets Non -current assets 700 000 Current assets 340 000 Inventory 70 000 REGENT BUSINESS SCHOOL (RBS) JANUARY 2022 16 POSTGRADUATE DIPLOMA IN PROJECT MANAGEMENT - ACADEMIC AND ASSESSMENT CALENDAR Debtors 150 000 Bank 120 000 1 040 000 Equity and Liabilities Owners' equity 600 000 Non-current liabilities 300 000 Current liabilities 140 000 1040 000 Required: Calculate and comment on each of the following ratios (where applicable round off answers to two decimal places): 4.4 Debtors collection period 4.5 Inventory turnover 4.6 Return on assetsYou are given the following income statement and balance sheet: Income Statement Sales EBT Taxes (40%) Net Income Cash A/R Inventories Total CA Fixed Assets Total Assets $15,000 $800 $320 $480 Balance Sheet $100 $2,000 $4.000 Accounts Payable Debt Common Stock Retained Eamings $6,100 $1,900 $8,000 Total Claims $1,000 $4,000 $2,000 $1,000 $8,000 Now make the following forecast and assumptions for the upcoming year: Sales are expected to increase by $5.400 over the coming year. All assets and accounts payable can be expressed as a percentage of sales. The firm's profit margin will remain at 3.2 percent. The firm has a dividend payout rate of 75 percent. Using the equation method, determine the additional funds needed for the coming yea
- Presented below is financial information of the Mayer Corporation for 2020. Gain on the sale of investments Net sales Cost of goods sold Loss on disposal of wholesale division Interest revenue Loss on operations of wholesale division Selling and administrative expenses Dividends declared on common stock Write off of goodwill Dividends declared on preferred stock Effective tax rate on all items is 30% $170,000 $54,000,000 $38,000,000 $690,000 $115,000 $610,000 $9,700,000 $430,000 $800,000 $150,000 Mayer Corporation decided to discontinue its wholesale operations and to retain their manufacturing operations. On July 1, Mayer sold the wholesale operations. During 2020, there were 850,000 shares of common stock outstanding all year. Instructions: Compute each of the following. You must show your work. You may type your answers in the text submission box below or you can use the "Add File" button to upload a Word file or an Excel file. If this option does not work please email me to let me…Suppose that you are given the following data for Niles Company : Note: The data and calculations are based on a 365-day year. Cash and equivalents Fixed assets Sales Net income Current liabilities Current ratio DSO ROE $225,000 $650,000 $2,500,000 $112,500 $240,000 2.5 18.25 12.00%Presented below is financial information of the Martin Corporation for 2025: Net sales $45,000,000 Cost of goods sold 31,000,000 Loss on disposal of wholesale division 670,000 Interest revenue 105,000 Loss on operations of wholesale division 690,000 Selling and administrative expenses 8,200,000 Dividends declared on common stock 340,000 Write off of goodwill 780,000 Dividends declared on preferred stock…
- Using the financial statements mentioned above estimate the annual rate of interest paid by the corporation (cost of debt). Also, find the tax rate and capitalization ratio (proportions among equity and debt). Using these values that you have found estimate the annual weighted cost of capital (WACC) of the corporation. Income statement PERIOD ENDING: 12/31/2019 Total Revenue $20,972,000 Cost of Revenue $17,755,000 Gross Profit $3,217,000 OPERATING EXPENSES Research and Development $0 Sales, General and Admin. $938,000 Non-Recurring Items $138,000 Other Operating Items $341,000 Operating Income $1,800,000 Add'l income/expense items $180,000 Earnings Before Interest and Tax $1,993,000 Interest Expense $394,000 Earnings Before Tax $1,599,000 Income Tax $326,000 Minority Interest $13,000 Equity Earnings/Loss Unconsolidated Subsidiary $0 Net Income-Cont. Operations $1,286,000 Net Income $1,273,000 Net Income Applicable to Common Shareholders…17. Following data were taken from the records of Bassam Company for year 2020: Sales Revenues:$1,000,000; Rent revenues $6,000; Cost of Goods Sold $560,000, Selling expenses $70,000; Administrative and General Expenses $90,000; Interest expenses 20,000; Preference Shares Dividends declared and paid $60,000; Ordinary Shares Dividends declared and paid $80,000; tax rate 25%; No. of common shares outstanding 200,000 shares. Calculate Earnings per share (round answer to the nearest cent)?The balance sheet for the Capella Corporation is as follows: Assets Liabilities and Shareholders' Equity Current assets $ 300 Current liabilities $ 110 Net fixed assets 1, 200 Long-term debt 500 Shareholders' equity 890 Total assets $ 1,500 Total liabilities and shareholders' equity $ 1, 500 What is the Net Working Capital for Capella Corporation?
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)