Tribble Company has provided the following data:Sales$5,000,000$30,000Interest expenseTotal assets, beginning of year $185,000Total assets, end of yearTax rate$215,00030%15.5%Return on total assetsTribble Company"s net income was:A) $1,000B) $10,000C) $22,000D) $31,000

To find Tribble Company's net income, we can use the given Return on Total Assets (ROTA) formula:…

Answered: Tribble Company has provided the…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 19P

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Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.
Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000,000. A. Based on this information, calculate asset turnover. B. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?
During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?
Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%
The balance sheet of ATLF, Inc. reports total assets of $1,950,000 and $2,050,000 at the beginning and end of the year, respectively. Net income and sales for the year are $150,000 and $1,000,000, respectively. What is ATLF's profit margin? Select one: a. 10% Ob. 8% O c. 7.5% O d. 15% e. 12%
X-1 Corp's total assets at the end of last year were $420,000 and its EBIT was $47,500. What was its basic earning power (BEP) ratio? O a. 15.08% O b. 11.31% O c. 10.16% O d. 8.48% O e. 5.65%
Following is information from Eagle Inc. for Year 7, ($ in thousands). Total revenue $2,887,892 Total revenue growth rate 4% Net operating profit margin (NOPM) 5.7% Net operating profit after tax (NOPAT) $207,262 Net operating asset turnover (NOAT) 4.37 Projected net operating assets (NOA) for Year 8 is: $687,279 thousand $660,845 thousand $637,953 thousand $698,513 thousand None of these are correct.
General Accounting
Following is information from Skyway Inc. for the year (in thousands). Total annual revenue $3,206,980 Total revenue growth rate 5.0% Terminal revenue growth rate 2% Net operating profit margin (NOPM) 8.2% Net operating asset turnover (NOAT) 3.42 Projected total revenue for the following year would be: Select one: a. $3,469,952 b. None of these are correct c. $3,316,659 d. $3,271,120 e. $3,367,329
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%
Following are financial statement numbers and ratios for Salsa Incorporated for the year ended December 31, Year 1 (in millions). NOPAT $572.7 NOA $3,460.8 Net operating profit margin (NOPM) 15.9% Net operating asset turnover (NOAT) 1.04If we expected revenue growth of 7% in the next year, what would projected revenue be for the year ended December 31, Year 2?

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Tribble Company has provided the following data: Sales $5,000,000 $30,000 Interest expense Total assets, beginning of year $185,000 Total assets, end of year Tax rate $215,000 30% 15.5% Return on total assets Tribble Company"s net income was: A) $1,000 B) $10,000 C) $22,000 D) $31,000