XYZ Corp reports for 2024: . Net income: 800,000 • Asset revaluation surplus: 120,000 . Share of JV profit: 40,000 • . Share of JV comprehensive income: 55,000 Currency translation reserve: 25,000 Calculate Other Comprehensive Income.
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- Zack Corp. had the following information for 2019: Sales $500,000Operating income 50,000Operating assets 200,000Imputed interest rate 10% What amount of residual income did Zack have?What is National Co.’s net operating working capital for 2022?Using the information provided below:Rubialac PaintsSelected Income Statement Items, 2020Cash Sales $2,500,000Credit Sales $9,500,000Total Sales $12,000,000COGS 7,000,000 Rubialac PaintsSelected Balance Sheet Accounts12/31/2020 12/31/19 ChangeAccounts Receivable $550,000 $400,000 $150,000Inventory $275,000 $250,000 $25,000Accounts Payable $150,000 $110,000 $40,000 What is the inventory turnover for Rubialac Paints? What is the average production cycle for the firm? What is the average collection cycle? What could Eagle Paints do to reduce the average collection cycle?
- Blue Company reported the following information in its financial statements. Blue Company (FIFO) $millions Sales COGS Inventories 2021 $60,000 $45,000 $15,000 2020 52,000 36,000 13,000 The LIFO reserve for Blue Company is $2,760 at the end of 2020 and $2,500 at the end of 2021.What is the 2021 gross profit for Blue Company, assuming Blue Company had used LIFO? Select one: a. $14,740 b. $15,740 c. $14,260 d. $15,000 e. $15,260Shouldn't the operating expenses for 2020 be 8074.9? Forecasting an Income StatementADP reports the following income statement. AUTOMATIC DATA PROCESSING INC.Statement of Consolidated EarningsFor Year Ended June 30, 2019, $ millions Total revenues $14,175.2 Operating expenses 7,145.9 Systems development and programming costs 636.3 Depreciation and amortization 304.4 Total cost of revenues 8,086.6 Selling, general, and administrative expenses 3,064.2 Interest expense 129.9 Total expenses 11,280.7 Other income expense, net 111.1 Earnings before income taxes 3,005.6 Provision for income taxes 712.8 Net earnings $ 2,292.8 Forecast ADP’s 2020 income statement assuming the following income statement relations. All percentages (other than total revenue growth and provision for income taxes) are based on historic percent of total revenues. Total revenues growth 13% Depreciation and amortization $460.5 million Interest expense No change Other…Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000 Calculate change in NWC
- Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:i) Calculate the operating cash flow ii) Calculate the cash flow to creditors iii) Calculate the cash flow to shareholders iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC PLEASE SHOW WORKINGReturn on total assets ratio: net income/ average total assets 21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year) 11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year) Write financial analysis report.Powell Panther Corporatlon: Income Statements for Year Ending December 31 (millons of dollars) 2021 2020 Sales 2,185.0 S 1,900.0 Operating costs excluding depreciation and amortization 1,748.0 1,615.0 EBITDA 437.0 S 285.0 Depreciation and amortization 46.0 42.0 Earnings before interest and taxes (EBIT) 391.0 S 243.0 Interest 48.1 41.8 Earnings before taxes (EBT) 342.9 S 201.2 Taxes (25%) 137.2 80.5 Net income 205.7 S 120.7 Common dividends 185.1 S 96.6 Powell Panther Corporatlon: Balance Sheets as of December 31 (mllons of dollars) 2021 2020 Assets Cash and equivalents 34.0 $ 27.0 Accounts receivable 251.0 228.0 Inventories 502.0 456.0 Total current assets 787.0 $ 711.0 Net plant and equipment 460.0 418.0 Total assets 1,247.0 S 1,129.0 Liabilities and Equity Accounts payable 219.0 $ 190.0 Accruals 137.0 114.0 Notes payable 43.7 38.0 Total current liabilities 399.7 342.0 Long-term bonds 437.0 380.0 Total liabilities 836.7 $ 722.0 Common stock 353.5 370.8 Retained earnings 56.8 36.2…
- Current assets of NorthPole.com at the end of each quarter were: 1st quarter $1.3 million, 2nd quarter $1.7 million, 3rd quarter $1.5 million and 4th quarter $2.2 million. The best estimate for North Pole's permanent current assets is: Seleccione una: Oa. $2.2 million. Ob. $1.675 million. Oc. $1.3 million. Od. $0.9 million.Forecast income statement - ALL FIGURES IN $ MILLION Financial year ending 31 March 2023 2024 2025 Revenue 165.0 180.0 210.0 Less: Operating expenses 120.0 128.0 145.0 Operating earnings before depreciation 45.0 52.0 65.0 Less: Depreciation 30.0 32.0 25.0 Earnings before interest and tax (EBIT) 15.0 20.0 40.0 Less: Interest expense 5.0 5.0 5.0 Earnings before tax 10.0 15.0 35.0 Less: Tax expense 2.8 4.2 9.8 Net profit (earnings) 7.2 10.8 25.2 In addition, you have collected the following information: Operating working capital (OWC) in each year will be 10% of revenue in that year Capital expenditure (capex) will be $25 million in each year The corporate tax rate is 28%. What is Electrix's free cash flow to the firm (FCF) in year 2025? Thanks!Income Statement: The income statement of Taco Bell company is given for the years 2020 & 2019. 2020 2019 General and administrative expenses 25,000 24,000 Interest expense 1,200 1,500 Net sales $124,000 S138,000 Selling expenses 11,880 12,720 Income taxes $1,109.5 1,883 108 000 95,000 COGS 450 600 Gain on Sale of land l2020 and
