Use the data given below. Component Profitability (Net income/Sales) 2015 2014 9.20% 13.30% Productivity (Sales/Average assets) 1.41% 1.32% Compute the company's ROA for 2015.
Q: Assume a Co. Has the following available information about costs on this accounting question
A: Step 1: Define Variable CostVariable cost is a type of cost that increases when the cost driver…
Q: General Accounting
A: 1. Calculate the standard quantity of plastic:Standard quantity per helmet: 0.65 kilogramsNumber of…
Q: Question: Given below is the manufacturing data: Direct material inventory Beginning Ending $90,000…
A: Explanation of Direct Materials Used:Direct materials used represent the raw materials consumed in…
Q: give answer
A: To determine how Horton Stores should record the new land and the gain or loss on this exchange,…
Q: Provide answer
A: When a financial guarantee contract is first recognized, it is recorded at fair value in accordance…
Q: Business 123 Introduction to Investments May I please have an expert discuss various characteristics…
A: Bonds are financial securities with specific attributes that determine their value and risk. The…
Q: Hello tutor answer these general accounting question do fast
A: Step 1:- Introduction to the Predetermined Overhead RateThe manufacturing overhead rate helps the…
Q: Provide correct answer the accounting question
A: Step 1: Define Stockholders' EquityStockholders equity is the amount that belongs to the…
Q: ha.5
A: Step 1:In the periodic Inventory method inventory account is not updated at each purchase or sale…
Q: Cane Company manufactures two products called Alpha and Beta that sell for $185 and $120,…
A: Step 1: Calculation of the Total Raw material required for Alpha and Beta: Quantity of Raw material…
Q: Question 12 0 / 3 pts Use the "QUESTION INFORMATION" below to answer the next 2 questions [Questions…
A: Step 1: Identify the Initial Investment Amount:Longhorn Company initially purchased an equity…
Q: I need help.
A:
Q: Use the following information from xyz company's balance sheet:
A: Explanation: Current ratio is a liquidity indicator that helps an entity to estimate whether the…
Q: The following are comparative balance sheets for concord company
A: Increase in Accounts Receivable: 2022 - 2021 = $84,500 - $79,900 = $4,600 (deducted as it's an…
Q: General Accounting question
A: Step 1:- Introduction to the Manufacturing OverheadThe term manufacturing overhead is one of the…
Q: From the following data from the ledger, give the total amount that will be in the credit column.…
A: Account Payable - Liability11000Common stock - Is equity shown as Credit balance35000Note Payable -…
Q: HR.4
A: Cash flows from operating activitiesThe operating activities section reports the cash inflows and…
Q: Ownership
A: Explanation of Consolidation Method: The consolidation method is an accounting technique where a…
Q: Need answer
A: Explanation of Predetermined Overhead Rate: The predetermined overhead rate is calculated by…
Q: The consolidation method of accounting
A: Explanation of Ownership Less than 20%:When ownership is less than 20%, it generally indicates the…
Q: 6 Bichette Company provided the following information: Budgeted input 12,000 kilograms…
A: Step 1: Identify the FormulaThe partial productivity ratio is calculated as the ratio of actual…
Q: ??
A: Explanation of Matching Principle: The Matching Principle requires that expenses be recorded in the…
Q: Accounting 2.9
A: Explanation of Beginning Inventory: Beginning inventory represents the number of goods a business…
Q: At the end of the prior year, Durney's Outdoor Outfitters reported the following information.…
A: 1-a.Accounts Receivable (Gross)DebitCreditBeginning balance48,091 Sales on…
Q: Need correct answer
A: Explanation of Contingent Liability:A contingent liability is a potential obligation that arises…
Q: Provide correct answer
A: Step 1: Define Overhead CostManufacturing overheads expenses are part of the cost of goods. Although…
Q: Please correct and fillout what needs to be completed for this problem
A: Step 1:The balance sheet of Carlton Soup Company is prepared as follows: Formula table: Result of…
Q: The quick ratio (acid test) excludes which current asset? a) Inventory b) Accounts receivable c)…
A: Explanation of Quick Ratio (Acid Test): The quick ratio is a stringent measure of a company's…
Q: Hi expart give answer the accounting question do fast
A: Step 1: Define Joint CostsJoint costs are an outcome of a process that starts with one input and…
Q: Shamrock sells a snowboard, EZslide, that is popular with snowboard enthusiasts. Below is…
A: Hello student! To determine the ending inventory amount, we must first calculate the ending…
Q: Hello tutor answer the accounting question step by step and correct
A: the fixed annual dividend for preference shares will be:Preference share capital: 50,000 shares with…
Q: hg
A: To determine the taxable amount of the gifts Samantha gave, let's use the IRS gift tax rules for…
Q: Juan Diego began the year with a tax basis in his partnership interest of $51,400. During the year,…
A: §1231 Losses Deduction:Thus, the entire amount of $71,960 is deductible as an ordinary loss, since…
Q: On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account…
A: Detailed explanation:Common Shares Outstanding on Jan. 29 : Balance Jan 1, 10,000…
Q: solve this and give true option with why incorrect other option
A: Step 1: Defination To calculate the gross margin, we need to subtract the cost of goods sold (COGS)…
Q: Help
A: Explanation of Assets: Assets are economic resources owned by a company that have value and can…
Q: I want answer
A: Accounting Treatment for Business CombinationsBusiness combinations refer to transactions where one…
Q: find Out Solutions
A: Step 1: The IASB is responsible for developing and promoting International Financial Reporting…
Q: Hi expart Provide answer this accounting question
A: Step 1: Define CVP AnalysisIn management accounting, the cost-volume-profit analysis (CVP) is a…
Q: Question A capital lease is treated as a) Operating expense b) Short-term liability c) Purchase of…
A: Explanation of Capital Lease: A capital lease is a lease agreement that transfers substantially all…
Q: kau.2
A: On March 1, Flint Corporation sold 1,800 common shares of David Jones Inc. at $43 per share, which…
Q: Give me answer
A: Explanation of Gross Wages: Gross wages represent the total earnings of an employee before any…
Q: General Accounting
A: Step 1: Define Time Value of MoneyIn the domain of Finance, a dollar invested in a financial asset…
Q: On May 31, Sasa Company has a cash balance per books of P339,075. The bank statement from BPI on…
A: Similar problem found: To determine the adjusted cash balance per books for Sasa Company, we need to…
Q: Financial Accounting
A: Step 1: Define Standard costThe budgeted cost of a typical manufacturing process serves as a…
Q: Accounting Question please solve
A: Step 1: Define Avoidable CostUnavoidable cost can be defined as a cost that can be avoided by a…
Q: Provide answer this general accounting question
A: Step 1: Define Cash Flows From Financing ActivitiesCash flows from financing activities is presented…
Q: hr2
A: Step 1: Prepare the Cost-to-Retail PercentageThe cost-to-retail percentage is calculated using net…
Q: Help
A: In pension accounting, actuarial gains and losses are: a) Recognized in other comprehensive income.…
Q: I want answer
A: Explanation of Supplies: Supplies are tangible items that a business uses in its daily operations…
Use the data given below.
Step by step
Solved in 2 steps
- need help please provide correct answer as per requirementCompute the company's ROA for 2015???The following revenue data were taken from the December 31, 2017, General Electric annual report (10-K): For each segment and each year, calculate intersegment sales (another name for transfer sales) as a percentage of total sales. Using Microsoft Excel or another spreadsheet application, create a clustered column graph to show the 2016 and 2017 percentages for each division. Comment on your observations of this data. How might a division sales manager use this data?
- I need assistance calculating ratios with the attached income statement and balance sheet: Fiscal 2017 Fiscal 2016 Gross margin, as reported 35.6% 35.2% Mark-to-market effects (0.1) (0.4) Restructuring costs 0.3 0.5 Project-related costs 0.3 0.3 Adjusted gross margin 36.1% 35.6% Calculate the following financial ratios for 2016 and 2017 1. Gross profit percentage 2. Return on sales 3. Asset turnover (2015, total assets = $21,932.0 million)Compute for the profitability ratio, operating efficiency, and financial health of the given data below.Use the following tables to answer the question: LOGIC COMPANY Income Statement For years ended December 31, 2016 and 2017 (values in $) 2016 2017 Gross sales 19,800 15,600 Sales returns and allowances 900 100 Net sales 18,900 15,500 COGS 11,800 8,800 Gross profit 7,100 6,700 Depreciation 780 640 Selling and administrative expenses 2,800 2,400 Research 630 540 Miscellaneous 440 340 Total operating expenses 4,650 3,920 Income before interest and taxes 2,450 2,780 Interest expense 640 540 Income before taxes 1,810 2,240 Provision for taxes 724 896 LOGIC COMPANY Balance Sheet For years ended December 31, 2016 and 2017 (values in $) 2016 2017 Current assets 12,300 9,400 Accounts receivable 16,900 12,900 Merchandise inventory 8,900 14,400 Prepaid expenses 24,400 10,400 Total current assets 62,500 47,100 Building (net) 14,900 11,400 Land 13,900 9,400 Total plant and equipment 28,800 20,800 Total assets 91,300 67,900 Accounts payable 13,400 7,400 Salaries payable 7,500 5,400 Total current…
- Refer to the following mentioned data. Net sales Cost of products sold Gross margin 2017 2016 2015 Required: a. Calculate the gross profit ratio for each of the past three years. (Round your answers to 2 decimal places.) (In millions) 2016 2017 2015 $34,894 $30,411 $26,113 14,318 13,376 13,767 $20,576 $17,035 $12,346 Cost of goods sold Gross profit 58.94 % % % b. Assume that Campbell's net sales for the first four months of 2018 totaled $12.79 billion. Calculate an estimated cost of goods sold and gross profit for the four months, using the gross profit ratio for 2017. (Round Intermediate calculations to 2 decimal places. Enter your answers in millions rounded to nearest whole number (1.e., 5,000,000 should be entered as 5).) million millionAssume the following this account question solutionRefer to the following mentioned data. Net sales Cost of products sold Gross margin (In millions) 2017 2016 $34,954 $30, 040 14,274 13, 395 $20, 680 $16, 645 2017 2016 2015 Required: a. Calculate the gross profit ratio for each of the past three years. (Round your answers to 2 decimal places.) 2015 $26, 091 13, 655 $12, 436 59.16 % 55.41 % 47.66 %
- Please give me answerI need assistance calculating ratios with the attached income statement and balance sheet: Fiscal 2017 Fiscal 2016 Gross margin, as reported 35.6% 35.2% Mark-to-market effects (0.1) (0.4) Restructuring costs 0.3 0.5 Project-related costs 0.3 0.3 Adjusted gross margin 36.1% 35.6% Calculate the following financial ratios for 2016 and 2017 4. Reutrn on assets (2015, total assets = $21,932.0 million) 5. Return on common stockholders' equity (2015, total stockholders' equity = $4996.7 million) 6. Current ratio1. Data for Abakada Trading Company are given below: 2014 2015 Revenue 1,939,500 1,674,675 Cost of Goods Sold 900,000 843,975 Gross Profit 1,039,500 830,700 Selling and General Expenses 445,500 409,725 Other Expenses 37,575 30,825 Net Income 556,425 390,150 Requirements: a. Prepare a Vertical Analysis Statement A of Comprehensive Income for 2014 and 2015 for Abakada Trading Company. b. Prepare a horizontal analysis for Abakada Trading Company.
