Q: Construct an income statement for Ballentine Manufacturing to reflect their net income for 2017.
A:
Q: Wecker Sales, Inc's comparative income statements and balance sheets show the following selected…
A: Accounts payable turnover is one of the efficiency ratio which measure accounts payable are being…
Q: In the provided income statement image, can you plz calculate the profitability ratios: Gross Profit…
A:
Q: The following condensed information is reported by Sporting Collectibles. Income Statement…
A: Profitability ratios are financial metrics used to assess a business ability to generate earnings…
Q: (A)Prepare ratio analyses (for 2019, 2018, and 2017) for both companies.You should include the…
A: “Since you have asked multiple sub-parts, we will solve the first three sub-parts for you. If you…
Q: Using the fiscal year end 2019 annual report for General Mills, Inc. and the figures from the 2017…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Prepare the common-size financial statement for the entities below and provide a reasoned…
A: Common size analysis of financial statements shows each item as percentage of net sales revenue.…
Q: Computing Activity Ratios Selected balance sheet and income statement information follows for R.A.…
A: Ratio Analysis: Ratio analysis is a quantitative method of gaining insight into a company's…
Q: Required: Analyse Rara's financial statement. Include the following ratios for 2020 and discuss your…
A: Ratio Analysis The purpose of calculating the ratio analysis to analysis the financial statement to…
Q: Financial statement analysis The financial statements of Zach Industries for the year ended December…
A: In order to determine the time's interest earned ratio, the Earning before interest and taxed (EBIT)…
Q: Gross Profit Percentage Calculate the company's 2020 gross profit percentage and compare the result…
A: Gross profits are profits before operating expenses.
Q: The income statement of GMA Company for the years ended December 31 2020 and 2021 showed the…
A: Variance is calculated for checking the difference in data of two years is favourable or…
Q: Selected comparative financial statements of Korbin Company follow. Comparative Income Statements…
A: Under vertical analysis assets and liabilities are classified as a percentage of those of a base…
Q: Performing horizontal analysis Verifine Corp reported the following on its comparative income…
A: Gross Profit = Revenue - Cost of Goods sold
Q: Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative…
A: When each line item on an income statement is expressed as a percentage of revenue or sales, the…
Q: Compute for the following: a. Accumulated profit as of December 31, 2018 and 2020 b. Profit (Loss)…
A: We are given the unadjusted balance of accumulated profit of Brin Inc. from 2018 to 2020. Based on…
Q: Herbert Wong has extracted the following information from her income statement and balance sheet for…
A: The days in Accounts Receivable period indicates the days of credit sales. It can be calculated by…
Q: A. Use the data provided to compute net sales for 2019. B. Prepare a simple income statement for the…
A: Comment: The Question is Multipart, so SME will answer only three subparts as per Bartleby…
Q: Calculate the financial indicators of the firms J&J for the year 2018 and fill in the spaces marked…
A: Accounting ratios are used to make analyses regarding the performance and efficiency of business…
Q: Required: Analyse Rara's financial statement. Include the following ratios for 2020 and discuss your…
A: Return on assets refers to the concept of profitability ratios which measures the ability of a…
Q: In the provided income statement image, can you plz calculate the profitability ratios: Gross Profit…
A: The Gross Profit Margin Ratio is calculated by dividing Gross Profit by Net…
Q: Prepare a financial statement analysis in terms of liquidity, solvency, profitability and efficiency…
A: Current Ratio: the current ratio in the FY2019 is higher than FY2018 Interpretation: A higher…
Q: Analyze the financial statements of the company to you in terms of: 5) Profitability Ratio 2020…
A: Ratio Analysis Company uses the ratio analysis to measure the profitability and other relative…
Q: I. Gross profit margin II. Operating profit margin III. Return on equity IV. Current ratio V.…
A: As per our protocol we provide solution to the one question only or to the three sub-parts only but…
Q: Here are the comparative income statements of Pharoah Corporation. PHAROAH CORPORATION Comparative…
A: Horizontal analysis is that analysis in which current year figures are compared with previous year…
Q: Selected comparative financial statements of Korbin Company follow. Comparative Income Statements…
A: Current Ratio :— It is the ratio of current assets to current liabilities. Common size…
Q: Selected comparative financial statements of Korbin Company follow. Sales Cost of goods sold Gross…
A: Income statement is the financial statement which is prepared by the entity for reporting and…
Q: A. Zienna Inc. is concerned about the level of its advertising and office salaries expense. Selected…
A: Horizontal analysis is the analysis of change in the items like sales, gross profit etc. in respect…
Q: Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented…
A: Given the following information: Net sales 2020: $4,800 2019: $5,600 Cost of goods sold 2020:…
Q: (A)Prepare ratio analyses (for 2019, 2018, and 2017) for both companies.You should include the…
A: Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise.…
Q: A. Zienna Inc. is concerned about the level of its advertising and office salaries expense. Selected…
A: Trend analysis are made in order to observe the changes in the line items of financial statements.…
Q: Additional data: Market value of stock at 12/31/21 is $80 per share. Ivanhoe sold 42,000 shares of…
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…
Q: Calculate the financial indicators of the firm Merck for the year 2018 and fill in the spaces marked…
A: Ratio is the tool which is used to measure the performance and growth of the company. It is also…
Q: A.Profitability ratio a. Return on Assets: ROA (NI/Total Assets) ROA (NI/Average Assets) ROA…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Here are the comparative income statements of Carla Vista Corporation. CARLA VISTA CORPORATION…
A: Horizontal analysis shows all increase or decrease in value from one year to another. Vertical…
Q: Abbott Laboratories’ Consolidated Statements of Earnings for the 3 fiscal year’s ending December 31,…
A: Gross margin (%): 2017: Gross margin=Net sales-cost of products soldNet…
Q: KORBIN COMPANY Common-Size Comparative Income Statements For Years Ended December 31, 2021, 2020,…
A: Lets understand the basics. There are various type of analysis is prepared by the management to…
Q: Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative…
A: What is the Current Ratio? A liquidity asset ratio that can estimate an entity's ability to pay…
Q: The following information is taken from the records of Baklava Bakery for the year 2019 A. Calculate…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Use the Ulta annual report to calculate profit margin, total debt ratio, and cash ratio for the year…
A: Profit margin is the ratio of company profit to its sales. It is a profitably ratio and tell the…
Q: Using the fiscal year end 2019 annual report for General Mills, Inc. and the figures from the 2017…
A: "Since you have asked multiple sub part question we will solve the first three sub part question for…
Q: a) Based on the information provided, calculate the following ratios for the years ended 31 December…
A: Sl No Ratio Formula 2021 2020 Equation Ratio Equation Ratio i Gross Profit Margin Gross…
Q: The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given…
A: Cash flow statement is the one which utilizes the two balance sheets as well as the current year…
Q: Hello! look at the attached images and answee the following points: (a) Calculate ratios for the…
A: Solution:- (a) Calculation of ratios for the year ended 31 December 2021 as follows under:- 1)Return…
Q: Prepare a financial statement analysis in terms of liquidity, solvency, profitability and efficiency…
A: Ratio analysis is commonly used tool of analysis of financial statement. Before any investment in…
Q: Hello! look at the attached images and answer: (a) Calculate ratios for the year ended 31 December…
A: Introduction:- Ratio Analysis is used to interpretation of the company's financial performance over…
Q: You are given the financial statements of a company for over the 6-year periods (2016 – 2021).…
A: Trend index The purpose of preparing the trend index is to know the actual trend which are involved…
Q: Using the financiaql statements of Top Glove Corporation Berhad for the year 2020, provide and…
A: Financial Ratios are the measures of the performance of a corporation and are used in the financial…
Q: 2021 2020 Service revenue $523,000 $476,000 385,500 Operating expenses Income tax expense 319,800…
A: Comparative financial statements are used to analyze the financial situation of the business entity.…
Q: Selected ratios of Company X are shown below: Inventory turnover Days' sales uncollected Days'…
A: Ratio analysis is the most important method for analysing financial performance of a company. This…
From the data, how to calculate net profit margin for hwa tai industries in year 2018 and 2019?
Step by step
Solved in 2 steps
- HIC GROUP OF Companies COMPARATIVE INCOME STATEMENT For years ended 3rd December 2019 2020 Revenue and gains Sales revenue 495,500 496,738.75 Interest revenue 278,500 279,196.25 Investment Income 71,700 71,879.25 Other revenue 101,500 101,753.75 Total revenue and gains 947,200 949,968 Expenses and losses Cost of good sold 450,000 447,750 Selling&administrative 185,000 184,075 Computer (operating) 42,500 42,288…HIC GROUP OF Companies COMPARATIVE INCOME STATEMENT For years ended 3rd December 2019 2020 Revenue and gains Sales revenue 495,500 496,738.75 Interest revenue 278,500 279,196.25 Investment Income 71,700 71,879.25 Other revenue 101,500 101,753.75 Total revenue and gains 947,200 949,968 Expenses and losses Cost of good sold 450,000 447,750 Selling&administrative 185,000 184,075 Computer (operating) 42,500 42,288 Depreciation 50,000…Extract of statement of Income and Expenditure for the Financial Years Ended 31 August 2020 2020 (RM) 2019 (RM) 2018 (RM) Investment Income 45,335,069 13,237,244 19,474,895 Expenses -6,039,755 -2,270,688 -1,853,602 Net Income before taxation 39,295,314 10,966,556 14,621,293 Net Income after taxation 39,335,238 10,953,497 17,551,931 Extract of statement of Asset and Liabilities as at 31 August 2020 2020(RM) 2019 (RM) 2018 (RM) Total Investments 501,519,061 154,032,209 84,711,928 Other Assets 6,732,463 9,085,056 3,173,994 Total Assets 508,251,524 163,117,265 87,885,922 Total Liabilities -3,411,047 -2,276,421 -255,684 Number of Unit in Circulation 500,000,000 500,000,000 500,000,000 NAV/Unit Holder’s Capital per share
- Extract of statement of Income and Expenditure for the Financial Years Ended 31 August 2020 2020 (RM) 2019 (RM) 2018 (RM) Investment Income 45,335,069 13,237,244 19,474,895 Expenses -6,039,755 -2,270,688 -1,853,602 Net Income before taxation 39,295,314 10,966,556 14,621,293 Net Income after taxation 39,335,238 10,953,497 17,551,931 Extract of statement of Asset and Liabilities as at 31 August 2020 2020(RM) 2019 (RM) 2018 (RM) Total Investments 501,519,061 154,032,209 84,711,928 Other Assets 6,732,463 9,085,056 3,173,994 Total Assets 508,251,524 163,117,265 87,885,922 Total Liabilities -3,411,047 -2,276,421 -255,684 Number of Unit in Circulation 500,000,000 500,000,000 500,000,000 NAV/Unit Holder’s Capital per share Based on the historical financial highlights extracted of statement of income and expenditure, calculate the Net Asset Value (NAV) per share of the respective funds?CALCULATE THE EBITDA For the year ended December 31, Notes 2020 2019 Revenue ₱ 10,775,731.00 ₱ 11,334,976.00 Cost of Sales 7,175,540.00 7,552,700.00 Gross profit 3,600,191.00 3,782,276.00 General and Administrative expenses 3,278,202.00 3,417,740.00 Finance Cost Or Interest Expense 48,000.00 16,000.00 Net Income before Tax 273,989.00 348,536.00 Provision for Income Tax 82,197.00 104,561.00 NET INCOME AFTER TAX ₱ 191,792.00 ₱ 243,975.00 (See Notes to Financial Statement)National Chemicals Company Income Statements for the years Ended June 30 2020 2019 $ $ Revenue 6,336.3 5790.4 Cost of sales 1,617.4 1476.3 Gross profit 4,718.9 4,314.1 Selling and Administrative Expenses 4,007.6 3679 PBIT 711.3 635.1 Interest Expense 13.9 27.1 PBT 697.4 608.0 Income Tax 291.3 232.6 Net Profit 406.1 375.4 Calculate the following ratios: Interest Cover ratio for 2020 is: Net Profit Margin for 2020 is
- X Company collected P12350 in interest during 2019 X showed P1,850 in interest on its December 31, 2021 statement of financial position and P5,300 on December 31, 2020 How much is the Interest Revenue to be reported on X's statement of comprehensive income in 2021?Volata Company began operations on January 1, 2019. In the second quarter of 2020, it adopted the FIFO method of inventory valuation. In the past, it used the LIFO method. The company's interim income statements as originally reported under the LIFO method follow: Sales Cost of goods sold (LIFO) Operating expenses Income before income taxes Income taxes (25%) Net income 1stQ $ 22,000 5,200 3,200 $ 13,600 3,400 $ 10, 200 Cost of goods sold (FIFO) 2ndQ $ 24,000 6,200 3,400 $ 14,400 3,600 $ 10,800 2019 3rdQ $ 26,000 7,000 3,800 $ 15,200 3,800 $ 11,400 2019 4thQ $ 28,000 8,200 4, 200 $15,600 3,900 $ 11,700 If the FIFO method had been used since the company began operations, cost of goods sold in each of the previous quarters would have been as follows: 1stQ 2ndQ 3rdQ $ 5,000 $ 5,800 $ 6,400 2020 1stQ $ 30,000 4thQ $ 7,200 9,700 4,400 $ 15,900 3,975 $ 11,925 2020 1stQ $ 8,600 Sales for the second quarter of 2020 are $32,000, cost of goods sold under the FIFO method is $10,200, and operating…STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED DECEMBER 31 2020 2019 2018 Turnover 373,578 424,486 456,300 Cost of sales (253,604) (254,210) (198,900) Gross profit 119,974 170,276 257,400 Impairment of financial assets (2,477) (1,800) (5,400) Distribution costs (87,036) (91,309) (96,100) Administrative expenses (32,556) (50,656) (67,200) Other operating income 2,369 10,039 3,500 Operating profit 274 36,550 92,200 Finance income 2,594 4,949 7,200 Finance costs (2,069) (2,765) (3,400) Profit before income tax 799 38,734 96,000 Income tax expense (285) (13,718) (15,450) Profit for the year 514 25,016 80,550 Other comprehensive income - - - Total comprehensive income 514 25,016 80,550 Table 1 Source (Author, 2022) CLOUD 9 LTD STATEMENT OF FINANCIAL POSITION AS AT DECEMBER 31 Non-current…
- Net Sales COGS Depreciation EBIT Interest Taxable Income Taxes Net Income 2019 Income Statement Dividends Additions to Retained Earnings 147 647.74 3,456 1,895 235 1,326 320 1,006 211.26 794.74Selected ratios formulars Unilever 2021 BOPP 2021 ROCE PBIT / net assets * 100 (32,424/39,406 *100 = - 82% 102,154 / 192,758 *100 =53% Net Assets Turnover Revenue / Net Assets 526,912 / 39,406 = 13 times 214,174 / 192,758 = 1 time Gross Profit Margin Gross profit / revenue *100 97,046 / 526,912 *100 18.4% 115,462 / 214,174 * 100 54% Net Profit Before Tax PBT / revenue * 100 (35,005) / 526,912* 100 = -6.6% 104,778 / 214,174* 100 =48.9% Current Ratio Current assets / current liabilities 214,665/341,171 = 0.5 139,104 / 30,368 = 4.5 Quick Ratio Current assets – inventory / current liabilities 214,665-91,627 /341,171 = 0.4 139,104 -13,248/ 30,368 = 4.1 Inventory Days Inventory / cost of sales * 365 days 91,627/ 429,866 *365 = 77 days 13,248 / 101,397 *365 = 47 days Receivable Days Receivables / cost of sales * 365 days 24,515 / 429,866 *365 =20 days 92,860 / 101,397 *365 =334 days Payable Days…Module pute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot. Feb. 3, 2019 Jan. 28, 2018 $35,891 $34,794 1,511 3,056 $37,402 $37,850 $14,177 $13,640 24,822 22,974 $38,999 $36,614 Operating assets Nonoperating assets Total assets $ millions Operating liabilities Nonoperating liabilities Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income Assume a statutory tax rate of 22%. a. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = Net income + NNE Net income NNE NOPAT $ 9,453 $ $ $91,973 78,772 13,201 828 12,373 2,920 $9,453 7,361 * $ 16814 b. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = NOPBT - Tax on operating profit NOPBT Tax on operating profit 7,361 * $ 10,296.78 x $ NOPAT -2936