Use the information given below:20182017Income Statement Information:Sales revenueCost of goods soldNet incomeBalance Sheet Information:Current assetsLong-term assetsTotal assetsCurrent liabilitiesLong-term liabilitiesCommon stockRetained earningsTotal liabilities and stockholders' equityCalculate the Profit margin ratio for 2018.$ 80,04,000 $ 78,00,000$52,82,640 $ 53,00,000$ 3,27,120 $ 1,88,000$15,40,000 $14,40,000$ 21,40,000 $18,40,000$ 36,80,000 $32,80,000$ 11,40,000 $ 8,40,000$ 15,60,000 $ 15,60,000$ 7,40,000$ 7,40,000$ 2,40,000$ 1,40,000$ 36,80,000 $ 32,80,000

Divide the income by the sales revenue for 2018 and multiply the result by 100% to get the profit…

Answered: Use the information given below: 2018…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 48CE

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The following select account data is taken from the records of Reese Industries for 2019. A. Use the data provided to compute net sales for 2019. B. Prepare a simple income statement for the year ended December 31, 2019. C. Compute the gross margin for 2019. D. Prepare a multi-step income statement for the year ended December 31, 2019.
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calculate liquidity ratio efficiency ratios leverage ratios coverage ratio profitability ratios use these ratio prepare a report Income Statement 2020 2019 Balance Sheet 2020 2019 Sales 58,410 75,250 Assets Cost of goods sold 34,950 23,460 35,200 Cash 1,750 8,410 Gross Profit 40,050 Accounts Receivable 3,204 7,405 Selling & G&A Exp. 13,950 Depreciation Operating Expenses Operating Income Interest Expense 13,200 Inventories 9,450 8,500 1,788 1,785 Total Current Assets 14,404 24,315 15,738 14,985 Fixed Assets 30,120 29,471 7,722 (762) Pretax Income (EBT) 6,960 25,065 Total Assets 44,524 53,786 (855) 24,210 Liabilities and Shareholders' Equity Taxes 2,088 7,263 Accounts Payable Accrued Expenses 9,120 6,750 Net Income 4,872 16,947 6,520 6,424 Total Current Liabilities 15,640 13,174 Long-term Debt 24,120 15,780 Total Liabilities 39,760 28,954 Common Stock 55 56 Retained Earnings Total Equity Total Liabilities and Equity 17,660 15,765 17,715 15,821 57,475 44,775
Please find the following ratios for both year 2017 and year 2018 based on following data RATIO AT ROA L ROE
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Calculate: (i) Return on capital employed(ii) Net profit margin(iii) Current ratio
Computing Activity Ratios Selected balance sheet and income statement information follows for R.A. Corporation. R.A. Corporation $ millions April 2, 2020 March 28, 2019 Income statement information: Sales $20,967 $22,353 Cost of goods sold 9,654 9,726 Balance sheet information: Accounts receivable, gross 2,313 2,718 Inventory 3,375 3,126 Accounts payable 468 630 Required Compute the following ratios for its fiscal year ended April 2, 2020. Round your answers to two decimal places (for example, enter 20.46 for 20.4555558). a. Accounts receivable turnover Answer b. Average days to collect receivables Answer c. Inventory turnover Answer d. Average days in inventory Answer e. Accounts payable turnover Answer f. Average days payable outstanding Answer g. Cash conversion cycle Answer
What is the ratio of fixed assets to long-term liabilities? What type of analysis is it, liquidity, solvency, or profitabilit, and What does it tell us?
please answer
Obtain Target Corporation's annual report for its 2018 fiscal year (year ended February 2, 2019) at http://investors.target.com a. What was Target's gross margin percentage for the fiscal year ended February 2, 2019 (2018) and 2017? Use "Sales" for these computations b. What was Target's Return on Sales percentage for 2018 and 2017? Use "Total Revenue" for these computations. c. Target's return on ales percentage for 2017 was higher than it was in 2018. Ignoring taxes, how much higher would Target's 2018 net income have been if it's return on sales percentage in 2018 had been the same as for 2017?
Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 $ 292,600 Sales $ 550,381 331,329 $ 421,637 Cost of goods sold 266,053 155,584 58,186 187,264 Gross profit 219,052 105,336 38,623 Selling expenses 78,154 49,534 127,688 91,364 16,994 Administrative expenses 37,104 24,286 Total expenses 95,290 60,294 12,360 62,909 Income before taxes 42,427 Income tax expense 8,613 Net income 74,370 47,934 33,814 KORBIN COMPANY Comparative Balance Sheets December 31, 2019, 2018, and 2017 2019 2018 2017 Assets Current assets Long-term investments Plant assets, net 2$ 61,979 %24 41,483 24 55,453 600 4,440 111,633 102.135 59,592 Total assets 173,612 24 144,218 $ 119,485 Liabilities and Equity Current liabilities 2$ 25,347 21,488 $ 64,000 $ 20,910 Common stock 64,000 46,000 Other paid-in capital Retained earnings 8,000 8,000 5,111 47,464 76,265 50,730 Total liabilities and equity 24…
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