please provide answer with calculatino The net sales, net income and total assets for Aaron Shipping, Inc. for a five-yearperiod is shown in the following table. Use DuPont analysis to compute rate of returnon average total assets for 2010 through 2012.(In thousands) 2012 2011 2010 2009 2008Net salesNet income50Total assets 308 269 252 231$900 $400 $352 $314 $29639 46 37 24209Staples, Inc. is one of the largest suppliers of office products in the United States. Ithad net income of $738.7 million and sales of $24,275.5 million in 2009. Its total assetswere $13,073.1 million at the beginning of the year and $13,717.3 million at the end ofthe year.What is Staples, Inc.'s (a) asset turnover ratio and (b) profit margin ratio?(Round to two decimals.)Provide a brief interpretation of your results.

Staples, Inc. has an asset turnover ratio of 1.82. This means that the company generates $1.82 in…

Answered: The net sales, net income and total…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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The following information is available to you for the Wooden Company: 2011 2010 Net Income. 53,394 39,510 Net Sales 233,715 182,795 From the information provided, calculate Wooden’s profit margin ratio for each year. Be sure to show your calculations. 2011 2010 Comment on the results, assuming that the industry average for the profit margin ratio is 25% for each of the two years.
The Carlo Company’s Household Products Division reported in 2007 sales of P15,000,000, an asset turnover ratio of 3.0, and a rate of return on average assets of 18 percent. Question: What is the percentage of net income to sales?
Nobility Homes, Incorporated, is a small maker of manufactured homes sold throughout the state of Florida. The following are selected financial data for the company for the period 2012-2016. Year 2012 2013 2014 2015 2016 2012 % 2013 0.4 100.0 0.44 1.09 17.4 Profit margin (8) Retention ratio (8) Asset turnover (X) Financial leverage (X) Growth rate in sales (t) Source: Data from Nobility Homes 2012 to 2016 annual reports a. Calculate Nobility Homes' annual sustainable growth rate for the years 2012 through 2016. Note: Round your answers to 1 decimal place. Sustainable Growth Rate % % % 6.7 % 2014 5.0 100.0 0.49 1.13 16.9 2015 5.4 100.0 0.54 1.16 14.4 9.4 100.0 0.59 2016 1.21 30.9 17.4 100.0 0.64 1.29 22.4
Raymond, Inc. a manufacturer of piping for the plumbing industry, had the following financial performance for the last two years as shown on their income statements below: Raymond, Inc. Comparative Income Statement For the Years Ended December 31, 2021 and 2020 2021 2020 Amount Amount Sales $910,000 $700,000 Cost of goods sold 475,000 350,000 Gross profit 435,000 350,000 Selling expenses 146,500 115,000 Administrative expenses 99,500 85,000 Total operating expenses 246,000 200,000 Income from operations 189,000 150,000 Other income 65,000 50,000 Income before income tax 254,000 200,000 Income tax expense 63,000 50,000 Net income $191,000 $150,000 1. Prepare a horizontal analysis using the form provided to the right.…
Raymond, Inc. a manufacturer of piping for the plumbing industry, had the following financial performance for the last two years as shown on their income statements below: Raymond, Inc. Comparative Income Statement For the Years Ended December 31, 2021 and 2020 2021 2020 Amount Amount Sales $910,000 $700,000 Cost of goods sold 475,000 350,000 Gross profit 435,000 350,000 Selling expenses 146,500 115,000 Administrative expenses 99,500 85,000 Total operating expenses 246,000 200,000 Income from operations 189,000 150,000 Other income 65,000 50,000 Income before income tax 254,000 200,000 Income tax expense 63,000 50,000 Net income $191,000 $150,000 2. What line item jumps off the page as the most negative…
During the current year, Sokowski Manufacturing earned income of $263,340 from total sales of $3,990,000 and average capital assets of $10,500,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. fill in the blank 1 times B. Assume sales margin is 6.6%, what is the total ROI for the company during the current year?. If required, round your answer to one decimal place. fill in the blank 2%
Jefferson Memorial Hospital is an investment center as a division of Hospitals United. During the past year, Jefferson reported an after-tax income of $7 million. Total interest expense was $3,400,000, and the hospital tax rate was 30%. Total assets totaled $70.3 million, and non-interest-bearing current liabilities were $23,300,000. The required rate of return established by Jefferson is equal to 17% of invested capital. What is the residual income of Jefferson Memorial Hospital? Enter your answer in whole dollar.
Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill’s data are expressed in dollars. The electronics industry averages are expressed in percentages. TannenhillCompany ElectronicsIndustryAverage Sales $2,180,000 100 % Cost of goods sold 1,417,000 69 Gross profit $763,000 31 % Selling expenses $457,800 18 % Administrative expenses 174,400 7 Total operating expenses $632,200 25 % Operating income $130,800 6 % Other income 43,600 2 $174,400 8 % Other expense 21,800 1 Income before income tax $152,600 7 % Income tax expense 65,400 5 Net income $87,200 2 % a. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. If required, round percentages to one decimal place. Enter all amounts as positive numbers. Tannenhill Company…
Find online the annual 10-K report for Costco Wholesale Corporation (COST) for fiscal year 2015 (filed in October 2015). a. Compute Costco's net profit margin, total asset turnover, and equity multiplier. b. Verify the DuPont Identity for Costco's ROE. c. If Costco's managers wanted to increase its ROE by 1 percentage point, how much higher would their asset turnover need to be? a. Compute Costco's net profit margin, total asset turnover, and equity multiplier. The net profit margin is %. (Round to two decimal places.) The total asset turnover is (Round to two decimal places.) The equity multiplier is (Round to two decimal places.) b. Verify the DuPont Identity forCostco's ROE. The ROE is %. (Round to two decimal places.) c. If Costco's managers wanted to increase its ROE by 1 percentage point, how much higher would their asset turnover need to be? The total assets turnover should be (Round to two decimal places.) The total asset turnover should be % (Round to two decimal places and…
Common-Sized Income Statement Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill's data are expressed in dollars. The electronics industry averages are expressed in percentages. Electronics Tannenhill Industry Company Average Sales $1,540,000 100 % Cost of goods sold 1,016,400 72 Gross profit $523,600 28 % Selling expenses $308,000 15 % Administrative expenses 123,200 7 Total operating expenses $431,200 22 % Operating income $92,400 6 % Other revenue 30,800 2 $123,200 8 % Other expense 15,400 1 Income before income tax $107,800 7 % Income tax expense 46,200 4 Net income $61,600 3 % a. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. If required, round percentages to one decimal place. Enter all amounts as positive numbers. Tannenhill Company Common-Sized Income Statement For the Year Ended December 31 Tannenhill Tannenhill…
Common-Sized Income Statement Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. Tannenhill’s data are expressed in dollars. The electronics industry averages are expressed in percentages. TannenhillCompany ElectronicsIndustryAverage Sales $2,740,000 100 % Cost of goods sold 1,753,600 69 Gross profit $986,400 31 % Selling expenses $602,800 18 % Administrative expenses 219,200 7 Total operating expenses $822,000 25 % Operating income $164,400 6 % Other revenue 54,800 2 $219,200 8 % Other expense 27,400 1 Income before income tax $191,800 7 % Income tax expense 82,200 5 Net income $109,600 2 % a. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. If required, round percentages to one decimal place. Enter all amounts as positive…
During the current year, Sokowski Manufacturing earned income of $396,900 from total sales of $6,300,000 and average capital assets of $12,900,000. What is the sales margin? If required, round your answer to one decimal place. _____%

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