AuditTestCh9Jaycee

Following are financial statement numbers and ratios for Martin Corp. for the year ended December 31, Year 1. Total revenue (in millions) $47,248 Net operating profit margin (NOPM) 8.8% Net operating asset turnover (NOAT) 3.3   If we expected revenue growth of 3.5% in the next year, what would projected revenue be for Year 2? Select one: a. $47,248.0 b. $44,598.3 c. None of these are correct d. $48,901.7 e. $53,205.0

Following are financial statement numbers and ratios for Salsa Incorporated for the year ended December 31, Year 1 (in millions).          NOPAT                                                 $572.7          NOA                                                     $3,460.8          Net operating profit margin (NOPM)        15.9%          Net operating asset turnover (NOAT)       1.04If we expected revenue growth of 7% in the next year, what would projected revenue be for the year ended December 31, Year 2?

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Question: The ABC Company has forecast a sales growth rate of . Percent (see appendix) for next year. The current financial statements are shown here: Income Statement sales growth rate 14.5% Amount (Tk.) 26,000 21,000 5,000 1,350 3,650 Sales Costs Taxable Income -Taxes Net Income 1,095 2,555 Dividends Addition to Retained Earnings

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Horizontal Analysis of Income StatementFor 20Y2, Macklin Inc. reported a significant increase in net income. At the end of the year, John Mayer, the president, is presented with the following condensedcomparative income statement:Macklin Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y120Y2 20Y1Sales $910,000 $700,000Cost of goods sold 441,000 350,000Gross profit $469,000 $350,000Selling expenses $139,150 $115,000Administrative expenses 99,450 85,000Total operating expenses $238,600 $200,000Income from operations $230,400 $150,000Other income 65,000 50,000Income before income tax $295,400 $200,000Income tax expense 65,000 50,000Net income $230,400 $150,000Required:1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Round to one decimal place. Use theminus sign to indicate a decrease in the "Difference" columns.Macklin Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2…

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Main assumptions:• Sales has increased by 25% in 2017• "Cost of good sold" is 80% of sales in the income statement at all times. All other items are independent of sales.• Each current asset and acoounts payable are fractions of sales in the balance sheet. All other items are independent of sales.• Current ratio is 3, accounts receivable turnover is 2, inventory turnover is 4, accounts payable turnover 5 at all times. Turnovers are calculated with rescpect to the current period balances without averaging with pays year balances.• Throughout the year 2017:-the company raised funds through short-term debt first.- the company raised the remaining funds through 50% long-term debt and 50% equity offering (common stock).Consider the following financial statements (in millions of TL). In 2016, the company did not pay any dividends. What is the cash conversion cycle in year 2017?            (1 year = 360 days) A) 18 daysB) 198 daysC) 162 daysD) 342 daysE) other

Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales Operating costs (excluding depreciation) EBITDA Depreciation $4,280.00 3,021.00 $1,259.00 315.00 $944.00 150.00 $ 794.00 198.50 595.50 Looking ahead to the following year, the company's CFO has assembled this information: EBIT Interest EBT Taxes (25%). Net income Year-end sales are expected to be 6% higher than $4.28 billion in sales generated last year. ▪ Year-end operating costs, excluding depreciation, are expected to increase at the same rates as sales. Depreciation costs are expected to increase at the same rate as sales. Interest costs are expected to remain unchanged. ▪ The tax rate is expected to remain at 25%. On the basis of this information, what will be the forecast for Edwin's year-end net income? Enter your answers as positive values. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Do not round…

Sandhill Ltd. reported the following financial results: Profit was $440,000 in 2023, $409,200 in 2024, and $458,304 in 2025. Calculate the horizontal percentage change from (a) 2023 to 2024 and (b) 2024 to 2025. (c) Are the changes increases or decreases? (If amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%). Round percentages to O decimal places, e.g. 12%.) (a) 2023-2024 (b) 2024-2025 $ Amount Percentage % %

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The following data is for questions 4 to 7 MI 1ST 10lsunten Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has nop amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, MA AUOT and the notes payable will be rolled over. Balance Sheet (Millions of S) Assets Cash and securities Accounts receivable Inventories Total current assets Net plant and equipment Total assets and stai Liabilities and Equity level wo Accounts payable suzu ols eroja Notes payable Accruals Total current liabilities il of bozore al Long-term bonds Total debt Common stock Retained earnings Total common equity Total liabilities and equity being Income Statement (Millions of $) Net sales Operating costs except depr'n Depreciation Earnings bef int and taxes (EBIT) Less interest Earnings before taxes (EBT) Taxes Net income Other data: Shares outstanding (millions) Common dividends Int rate on notes payable &…

Quantitative Problem: At the end of last year, Edwin Inc. reported the following income statement (in millions of dollars): Sales $4,300.00 Operating costs (excluding depreciation) 3,095.00 EBITDA $1,205.00 Depreciation 325.00 EBIT $880.00 Interest 160.00 EBT $720.00 Taxes (40%) 288.00 Net income $432.00 Looking ahead to the following year, the company's CFO has assembled this information: Year-end sales are expected to be 6% higher than $4.3 billion in sales generated last year. Year-end operating costs, excluding depreciation, are expected to increase at the same rates as sales. Depreciation costs are expected to increase at the same rate as sales. Interest costs are expected to remain unchanged. The tax rate is expected to remain at 40%. On the basis of this information, what will be the forecast for Edwin's year-end net income? Round your answers to two decimal places. Do not round intermediate calculations. Enter all values as positive numbers.   (in…

The increase in gross profit due to increase in volume is:

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Following is information from Skyway Inc. for the year (in thousands). Total annual revenue $3,206,980 Total revenue growth rate 5.0% Terminal revenue growth rate 2% Net operating profit margin (NOPM) 8.2% Net operating asset turnover (NOAT) 3.42   Projected total revenue for the following year would be: Select one: a. $3,469,952 b. None of these are correct c. $3,316,659 d. $3,271,120 e. $3,367,329

The following data pertain to cowl, inc. for the year ended December 31,2017

For 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement:     Instructions Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Round percentages to one decimal place. Answer Check Figure: Sales, 12.0% increase  To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis prepared in (1). PR 17-2A Vertical analysis of incom

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Attempt in Progress Suppose the 2022 income statement for McDonald's Corporation shows cost of goods sold $4,832.6 million and operating expenses (including depreciation expense of $1,224.0 million) $10,649.8 million. The comparative balance sheets for the year show that inventory decreased $5.3 million, prepaid expenses increased $42.6 million, accounts payable (inventory suppliers) increased $15.9 million, and accrued expenses payable increased $199.7 million. Using the direct method, compute (a) cash payments to suppliers and (b) cash payments for operating expenses. (Enter answers in millions to 1 decimal place, e.g. 527.5.) Cash payments to suppliers Cash payments for operating expenses $ $ million million

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SENSITIVITY ANALYSIS IN FORECASTING FINANCIAL STATEMENTS Colossal Chemical Corporation Year Ended December 31, 2011 Year Ended December 31, 2011 ('000,000 omitted) Given the base case below, calculate the independent effects of a one percent ( 1%) increase in Gross Margin, a one percent (1%) decline in the tax rate, and a five percent (5%) increase in Sales. Sales Cost of goods sold Selling, general, and administrative expenses Depreciation Research and development Total cost and expenses Operating Income Interest expense Interest (income) Earnings before income taxes Provision for income taxes Net income. Base Case Amount $2,110 1,161 528 121 84 1,894 216 34 -5 187 64 $123.00 % to Sales 100% 55% 25% 6% 4% 90% 10% 2% 0% 9% 3% 6% 1% Increase in Gross Margin Amount. % to Sales #DIV/0! #DIV/0! #DIV/0! #DIV/0! O #DIV/0! #DIV/0! #DIV/0! O #DIV/0! #DIV/0! $0 #DIV/0! 100% 54% 1% Decline in Tax. Amount % to Sales 100% #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! O #DIV/0! #DIV/0! #DIV/0! 0 #DIV/0!…