Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Do not provide Excel Screet shot rather use tool tableAnswer completely. 2020 & 2021 Balance Sheets2020975,000845,0002,523,0004,343,000CashAccounts receivablesInventoryTotalNet fixed assetsTotal assetsO A $1,090,500O B. $1,150,100OC. $1,190,200O D. $1,110,400O E. $1,040,2002021988,000 Accounts payable984,0002,652,300 Long-term debt4,624,300Common stock8,536,0009,225,400 Retained earnings12,879,000 13,849,700 Total liabilities & equity20201,580,0008,359,00020211,612,5009,206,7002,250,000 2,310,000690,000720,50012,879,000 13,849,700 Shown below are the financial statements of Sanders Enterprises, Inc. What is the net capital spending during the most recent year?2021 Income StatementSalesCost of goods soldOther expensesDepreciationEBITInterestTaxable incomeTaxes (21%)Net income3,500,0001,750,000220,000421,0001,109,000500,000609,000127,890481,110

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Description: Note:-Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Do not provide Excel Screet shot rather use tool tableAnswer completely. 2020 & 2021 Balance Sheets2020975,000845,0002,523,0004,343,000Ca

Data given:Ending net fixed assets (2021) =$ 9,225,400Beginning net fixed assets (2020)=$…

Business

Finance

Shown below are the financial statements of Sanders Enterprises, Inc. What is the net capital spending during the most recent year? 2021 Income Statement Sales Cost of goods sold Other expenses Depreciation EBIT Interest Taxable income Taxes (21%) Net income 3,500,000 1,750,000 220,000 421,000 1,109,000 500,000 609,000 127,890 481,110 4

Shown below are the financial statements of Sanders Enterprises, Inc. What is the net capital spending during the most recent year? 2021 Income Statement Sales Cost of goods sold Other expenses Depreciation EBIT Interest Taxable income Taxes (21%) Net income 3,500,000 1,750,000 220,000 421,000 1,109,000 500,000 609,000 127,890 481,110 4

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 19SP

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s The 2021 income statement of Adrian Express reports sales of $22,110,000, cost of goods sold of $12,950,000, and net income of $2,260,000. Balance sheet information is provided in the following table. Assets Current assets: Cash Accounts receivable Inventory Long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity Gross profit ratio Return on assets ADRIAN EXPRESS Balance Sheets December 31, 2021 and 2020 Profit margin Asset turnover Return on equity Profitability Ratios Industry averages for the following profitability ratios are as follows: Gross profit ratio Mes % $ 45% 25% 15% 15.5 times. 35% 2021 2020 980,000 1,950,000 2,490,000 5,180,000 4,480,000 $10,600,000 $8,640,000 $1,000,000 1,310,000 1,850,000 Required: 1. Calculate the five profitability ratios listed above for Adrian Express. (Round your answers to 1 decimal place.) $ 2,228,000 $1,928,000…
DIRECTION: Compute the following PROFITABILITY RATIOS Gross Margin= Gross Profit/Net Sales Net Profit Margin= Net Profit/ Net Sales Return on Equity= Profit/Shareholder's Equity Return on Asset= Profit/Total Asset TREND ANALYSIS Net Income Growth Rate Total Assets Growth Rate And also compute the percentage beside the columns December 31, December 31, PERCENTAGE 2021 2020 USD USD Assets Current assets Cash and cash equivalents 34,115,412 25,681,845 Short-term financial instruments 71,417,748 80,798,680 Short-term financial assets at amortized cost 2,944,705 2,409,853 Short-term financial assets at fair value through profit or loss 35,624 62,452 Trade receivables 35,585,565 27,065,012 Non-trade receivables 3,930,828 3,150,548 Prepaid expenses 2,042,001 1,980,685 Inventories 36,172,043 28,007,314 Other current assets 4,441,629 3,281,589 Assets held-for-sale - 812,370 Total Current Assets…
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An extract from an outdoor equipment company's 2021 financial statements follows: Income statement Year ended December 31, 2021 Year ended December 31, 2020 Sales 27,764 26,982 Net income 1,132 (322) What was the company's profitability ratio for 2021? O A. 13.7% OB. 8.8% O C. 4.08% O D. 7.9%
Below is Rodrigues Ltd's income statement and two balance sheets: Rodrigues Ltd Income Statement for year ending 30th June 2021 Sales COGS Operating expense Depreciation Interest expense Income before tax Tax at 30% Net income $m 600 240 100 40 10 210 63 147 Assets Current assets PPE Cost Accumul. depr. Carrying amount Total assets Rodrigues Ltd Balance Sheet as at 30th June Liabilities Current liabilities Non-current liabilities Owners' equity Retained earnings Contributed equity Total L and OE 2021 $m 98 800 140 660 758 60 130 80 488 758 2020 $m 73 920 100 820 893 50 120 100 623 893 Which of the following statements about the financial year from 30 June 2020 to 30 June 2021 is NOT correct? O a. The increase in net working capital (ANWC) was $15m. O b. Net capital expenditure was negative because in net terms, more property, plant and equipment (PPE) was bought rather than sold. O c. The increase in net working capital was positive largely because in net terms, more inventory was…