The following income statement and balance sheets for Virtual Gaming Systems are provided.VIRTUAL GAMING SYSTEMSIncome StatementFor the year ended December 31, 2021Net salesCost of goods soldGross profitExpenses:Operating expenses.Depreciation expenseLoss on sale of landInterest expenseIncome tax expenseTotal expensesNet incomeAssetsCurrent assets:CashAccounts receivableInventoryPrepaid rentLong-term assets:Investment in bonds$852,00027,0007,40012,00042,000$3,006,0001,944,0001,062,000940, 400$ 121,600VIRTUAL GAMING SYSTEMSLandEquipmentLess: Accumulated depreciationTotal assetsLiabilities and Stockholders' EquityCurrent liabilities:Accounts payableInterest payableIncome tax payable.Long-term liabilities:Notes payableStockholders' equity:Common stockRetained earningsBalance SheetsDecember 312021$180,00075,00099,00011,40099,000204,000264,000(63,000)$869,400$ 60,0004,80012,000279,000294,000219,6002020$138,00054,000129,0005,2800234,000204,000(36,000)$728,280$104,4802,40013,400219,000294,00095,000 Total liabilities and stockholders' equityEarnings per share for the year ended December 31, 2021, are $1.40. The closing stock price on December 31, 2021, is $26.70.Required:Calculate the following profitability ratios for 2021. (Round your answers to 1 decimal place.)Profitability Ratios$869,400 $728,2801. Gross profit ratio2.Return on assets3.Profit margin4.Asset turnover5.Return on equity6.Price-earnings ratio%%%times%

Total liabilities and stockholders' equity rnings per share for the year ended December 31, 2021, are $1.40. The closing stock price on December 31, 2021, is $26.70. equired: alculate the following profitability ratios for 2021. (Round your answers to 1 decimal place.) Profitability Ratios $869,400 $728,280 Gross profit ratio Return on assets Profit margin Asset turnover % % % times

Total liabilities and stockholders' equity rnings per share for the year ended December 31, 2021, are $1.40. The closing stock price on December 31, 2021, is $26.70. equired: alculate the following profitability ratios for 2021. (Round your answers to 1 decimal place.) Profitability Ratios $869,400 $728,280 Gross profit ratio Return on assets Profit margin Asset turnover % % % times

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Here is financial information for Windsor, Inc. December 31, 2022 December 31, 2021 Current assets $104,753 $ 89,000 Plant assets (net) 367,169 319,000 Current liabilities 108,936 72,000 Long-term liabilities 109,986 83,000 Common stock, $1 par 120,946 106,000 Retained earnings 132,054 147,000 Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year. (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to 1 decimal place, e.g. 12.1%.) WINDSOR, INC. Assets Current Assets Condensed Balance Sheet December 31 2022 2021 $104,753 $89,000 Plant assets (net) 367,169 319,000 Total assets Liabilities Current Liabilities $471,922 $408,000 $108,936 $72,000 Long-term liabilities 109,986 83,000 +A +A Increase or (Decrease) Amount Percentage % de % % do % % de Total liabilities $218,922 $155,000 do % Stockholders' Equity Common stock, $1 par 120,946 106,000 % Retained earnings 132,054 147,000 %…
What does this mean for a company?
The following information is provided for Apolis Inc. Total common stockholders' equity on Dec. 31, 2020 $302,000 Total common stockholders' equity on Dec. 31, 2019 $288,000 Sales, 2020 $165,000 Total assets $605,000 Common shares outstanding, 2020 Dividends declared and paid, 2020 Market price per share, Dec. 31, 2020 If the payout ratio is .20, what is the return on equity? Select one: O O O a. 0.10 b. 0.09 c. 0.08 d. 0.07 « Previous 50,000 $6,000 $21 Save Answers
N1. Account Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2021. (Use sales when computing the inventory turnover and use total stockholders' equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.)
What is the year-over-year revenue change percent? Use the attached financial data to calculate the ratios for 2022. Round to the nearest decimal. Abercrombie & Fitch Co (ANF) Financial Data Revenues Cost of Sales Total Operating Expenses Interest Expense Income Tax Expense Diluted Weighted Shares Outstanding Cash + Equivalents Accounts Receivable Inventories Total Current Assets Total Assets Accounts Payable Total Current Liabilities Total Stockholders' Equity ANF Stock Price = $10.30 Select one O A. 5.3% B. 14.4% C. -1.4% O D. -3.5% 2022 $3,659.3 $1,545.9 $2,026.9 $28.5 $37.8 52.8 $257.3 $108.5 $742.0 $1,220.4 $2,694.0 $322.1 $935.5 $656.1 2021 $3,712.8 $1,400.8 $1,968.9 $34.1 $38.9 62.6 $823.1 $69.1 $525.9 $1,507.8 $2,939.5 $374.8 $1,015.2 $826.1
Hello- Please help me find Net Profit Margin. Thanks,
Please fill out vertical analysis of this balance sheet to determine component percentage of assets liabilities and stockholders equity based on data. Round percentages to the nearest hundredths percent
Use the Ulta annual report to calculate profit margin, total debt ratio, and cash ratio for the year ending in 2021.
Estimating Share Value Using the DCF Model Following are forecasts of sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of December 31, 2018, for Humana. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. Reported Forecast Horizon Period Terminal $ millions Sales NOPAT NOA 2021 2022 2020 2018 2019 $57,472 $58,326 $59,192 $60,072 $60,964 3,179 3,218 3,140 3,052 3,102 4,844 4,657 4,718 4,781 4,592 Period $61,568 3,244 4,887 Answer the following requirements with the following assumptions: Assumptions Terminal period growth rate 1% Discount rate (WACC) 7.8% Common shares outstanding 135.60 million Net nonoperating obligations (NNO) $(5,569) million Noncontrolling interest $0 million NNO is negative because Humana's nonoperating assets exceed its nonoperating liabilities. (a) Estimate the value of a share of Humana's common stock using the…
Profitability and Asset Management Ratios You are thinking of investing in Tikki's Torches, Inc. You have only the following information on the firm at year-end 2018: net income = $600,000, total debt = $13.0 million, debt ratio = 40%. What is Tikki's ROE for 2018?
Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Current liabilities Interest-bearing debt Total stockholders' equity Net income What is the debt to equity ratio for 2024? Note: Round your answer to one decimal place. Multiple Choice 41.9% 41.7% 2024 2023 $ 44,000 $44,000 34,000 45,000 195,000 196,000 117,000 116,000 86,000 68,000 103,000 114,000 246,000 234,000 38,000 33,000
What is the Financial Analysis of each year?