The return on assets for 2017 is
Q: The following amounts were taken from the financial statements of Blue Spruce Corp.: 2017 2016…
A: Net profit indicates the excess of revenue over total operating cost including the cost of goods…
Q: Retained earnings 65,590 48,000 The 2017 net income was $30,590, and the 20Y6 net income was…
A: Profitability ratios are a type of accounting ratio that helps in determining the financial…
Q: Additional information: • Weighted-average ordinary shares in 2017 were $60,000 QUESTIONS Based on…
A: Current Ratio: Formula: Current ratio = Current Assets / Current Liabilities = (Inventory + Accounts…
Q: The following selected data were taken from the financial statements of The O'Malley Group Inc. for…
A: Return on total assets :— It is calculated by dividing income before interest by average total…
Q: Some selected financial statement items belonging to MNO Company are given in the table below.…
A: Return on assets is the ratio of net income with average assets invested in the business.
Q: Xaunasatinancialmanager..are.assigned.to.anplx.nercentage.at.sales.method.and.ta…
A: The correct answer is:- Option b) 35
Q: a. Determine the return on total assets, the rate earned on stockholders' equity, and the return on…
A: Ratio analysis involves evaluating a company's financial health by interpreting relationships…
Q: The following is data for 123 Corp: Book value, Dec 31 2016 Comprehensive income Dividends Required…
A: Normal income is calculated as the book value at the beginning of the year multiplied by the…
Q: The following data was taken from the accounting records of Pina Colada Corporation: Total assets…
A: The return on assets is used to evaluate the efficiency of the management in utilizing the assets to…
Q: Suppose the following financial information is available for Walgreen Company. (in millions) 2017…
A: Ratio Analysis - 1. Payout Ratio - The payout ratio represents how much % of the net income of the…
Q: Net sales.. Gross margin Net income. Cummins' share of net income.. $7,352 $7,050 $5,654 1,373 1,422…
A: Since you have posted a question with multiple sub-parts, we will solve first two sub-parts for you.…
Q: Selected balance sheet and income statement information from Easton's, Inc. follows ($ millions).…
A: Given information: Net income for the year 2017 $834 Stockholders' Equity 2016 $4,115…
Q: Profitability ratios The following selected data were taken from the financial statements of…
A: COMPUTATION 31 Dec 20Y731 Dec 20Y6ANet Income$30,880$21,440BNotes payable (8%…
Q: E18-1 Financial information for Kurzen Inc. is presented below. December 31, 2017 December 31, 2016…
A:
Q: Qualls Corporation reported 2017 earnings per share of $7.21. In 2018, Qualls reported earnings per…
A:
Q: Financial Statement data for the years ended December 31st for the Top Corporation follow: 2018 2017…
A: Earnings per share = (Net income - preferred dividend)/ number of shares
Q: Determine the Retained Earnings balance on December 31, 2015 based on the following: 2014 Revenues:…
A: Net Income for 2015 = Revenue - expenses = $1,500,000 - $1,200,000 = $300,000
Q: Se Balance Sheets as of December 31 Current Assets Net Plant and Equipment. Total Assets Accounts…
A: The Economic value added is the measure of company's financial health where it can be computed using…
Q: Calculate the P/R for (WMT) as of November 14, 2017, when the company's stock price closed at…
A: P/E Ratio is calculated by dividing the market price of a share by the earnings per share
Q: Selected financial information for CraneCorporation as of December are presented below. 2014…
A: Honor Code: Since you have posted a question with multiple sub-parts, we will provide the solution…
Q: Financial information for Kurzen INC. is presented below. December 31, 2017 December 31,…
A: Horizontal analysis is a technique which compares the financial data of two periods and shows the…
Q: Presented below are data for Caracas Corp. 2017 2018 Assets, January 1 $6,840 ? Liabilities,…
A: Stockholder means the person who invested in the stock/share of the company and are the real owners…
Q: Consider the following balance sheet for Go The Distance Trading Cards. Sales were $1,200,000 in the…
A: Given the following information: Sales: $1,200,000 Current Assets $74,630.00 Net fixed Assets (Net…
Q: Some selected financial statement items belonging to Tower Company are given in the table below.…
A: Working Note;
Q: Selected data from the 2016 statements follows: Accounts receivable (net) Inventory Long-term debt…
A: Ratio analysis is the tool used by financial investors for analyzing company's financial…
Q: The following table gives abbreviated balance sheets and income statements for Walmart. At the end…
A: (Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: Suppose the following financial information is available for Walgreen Company. (in millions) 2017…
A: Payout ratio = Dividend declared for common stock holders/ earnings available for common stock…
Q: Assume the following is the stockholders' equity section from Altria's 2016 balance sheet. December…
A: The average price at which each share was issued needs to be computed.
Q: How much is G. C. Murphey’s return on assets for the year?
A: Return on Assets (ROA) = Net Income/Average total assets Net Income - This can be found on the…
Q: Consider the following partial income statements and balance sheets for Lillard Corp. For the year…
A: Return on Equity (ROE): ROE is the measure of a company's net income divided by its shareholders'…
Q: The following table provides selected financial information for eBay Inc. for its fiscal years 2016…
A: Altman's Z-Score model is a numerical measurement that is used to predict the chances of a business…
Q: The balance sheets of Burrows Company at the end of each of the first two years of operations…
A: The amount that is available to distribute to the shareholders after the payment to the preference…
Q: perating data for Navarro Corporation are presented below. Current assets Plant assets (net) Current…
A: Horizontal Analysis shows changes in assets and liabilities in the business over the period of two…
The following amounts were taken from the financial statements of Concord Corporation:
2017 | 2016 | |
Total assets | $818000 | $1020000 |
Net sales | 726000 | 655000 |
Gross profit | 376000 | 332000 |
Net income | 118000 | 130000 |
Weighted average number of | 90200 | 80000 |
common shares outstanding | ||
Market price of common stock | $42 | $36 |
The return on assets for 2017 is
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 3 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- The following amounts were taken from the financial statements of Blue Spruce Corp.: 2017 2016 Total assets $821000 $1017000 Net sales 744000 656000 Gross profit 366000 321000 Net income 111000 118000 Weighted average number of 97500 97500 common shares outstanding Market price of common stock $49 $46 The profit margin ratio for 2017 is 14%. 18%. 16%. 15%.The following data was taken from the accounting records of Pina Colada Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data: Net income Interest expense Sales revenue 2024 O 20.1% 21.1% 19.1% 18.1% 2023 $962000 $883000 271000 250000 81300 81300 303000 303000 The return on assets for 2024 is 306700 248700 167000 35500 981000Profitability ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 20Y6, and 20Y5: December 31 20Y7 December 31 20Y6 December 31 20Y5 Total assets $307,000 $277,000 $247,000 Notes payable (8% interest) 100,000 100,000 100,000 Common stock 40,000 40,000 40,000 Preferred 6% stock, $100 par (no change during year) Retained earnings 20,000 109,920 20,000 80,240 20,000 60,000 The 20Y7 net income was $30,880, and the 2016 net income was $21,440. No dividends on common stock were declared between 2015 and 2017. Preferred dividends were declared and paid in full in 2016 and 2017. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. When required, round your answers to one decimal place. 20Y7 20Y6 Return on total assets Return on stockholders' equity Return on common stockholders' equity % % % % % % b. The profitability ratios indicate…
- Do not give answer in imageProfitability Ratios The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 2017, 20Y6, and 20Y5: December 31 20Y7 20Y6 20Y5 Total assets $163,000 $147,000 $131,000 Notes payable (8% interest) 50,000 50,000 50,000 Common stock 20,000 20,000 20,000 Preferred 5% stock, $100 par 10,000 10,000 10,000 (no change during year) Retained earnings 59,090 39,790 30,000 The 2017 net income was $19,800, and the 2016 net income was $10,290. No dividends on common stock were declared between 2015 and 20Y7. Preferred dividends were declared and paid in full in 2016 and 2017. a. Determine the return on total assets, the rate earned on stockholders' equity, and the return on common stockholders' equity for the years 2016 and 2017. When required, round to one decimal place. 20Y7 20Y6 Return on total assets Return on stockholders' equity Return on common stockholders' equity % % % % % % b. The profitability ratios indicate that Vidahill Inc.'s profitability…Please help me with show all calculation thanku
- The 2017 financial statements for Armstrong and Blair companies are summarized below: Blair Armstrong Company Company Statement of Financial Position $35,000 40,000 100,000 140,000 85,000 $ 22,000 30,000 40,000 400,000 308,000 Cash Accounts receivable (net) Inventory Property, plant, and equipment (net) Other non-current assets Total assets $ 400,000 $ 800,000 $ 100,000 60,000 150,000 30,000 60,000 $ 50,000 70,000 500,000 110,000 70,000 Current liabilities Long-term debt (10%) Share capital Contributed surplus Retained earnings Total liabilities and shareholders' equity $ 400,000 $ 800,000 Statement of Earnings Sales revenue (1/3 on credit) Cost of sales $ 450,000 (245,000) (160,000) $ 810,000 (405,000) (315,000) Expenses (including interest and income tax) Net earnings $ 45,000 $ 90,000 Selected data from the 2016 statements follows: Prev 1 of 2Consider the following partial income statements and balance sheets for Lillard Corp. For the year ended December 31, Net income Less income attributable to noncontrolling 5,700 interests Net income attributable to Lillard Corp. 100,400 107,300 Lillard Corp. shareholders' equity Noncontrolling interests Total equity What is Lillard's return on equity for 2024? 11.7% O 11.5% 12.3% 11.9% 2024 2023 108,000 113,000 11.1% 7,600 Dec. 31, 2024 Dec. 31, 2023 861,000 888,000 32,400 30,600 893,400 918,600Financial Statement data for the years ended December 31st for the Top Corporation follow:2018 2017Net Income $775,000 $966,000Preferred Dividends $35,000 $35,000Average number of 80,000 shares 95,000 sharescommon shares outstandinga. Determine the earnings per share for 2018 and 2017. b. Does the change in the earnings per share from 2017 to 2018 include a favorable or unfavorable trend?
- Please help me fastSome 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. 0.13Additional information: • Weighted-average ordinary shares in 2017 were $60,000 QUESTIONS Based on the financial data above, do the following: a. Calculate the financial ratio of VENUS TRADING COMPANY in 2017 below: • Current ratio • Account receivable turnover • Inventory turnover • Asset turnover • Return on assets • Return on ordinary shareholders equity • Earnings per share • Debts to total assets ratio Provide an interpretation for each of the financial ratio calculations above. b. Based on the calculation results in point a, provide an analysis of performance finance VENUS TRADING COMPANY in 2017.
![Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781305088436/9781305088436_smallCoverImage.gif)
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)
![Financial Accounting](https://www.bartleby.com/isbn_cover_images/9781305088436/9781305088436_smallCoverImage.gif)
![Financial Accounting: The Impact on Decision Make…](https://www.bartleby.com/isbn_cover_images/9781305654174/9781305654174_smallCoverImage.gif)