1.) Create an income statement given the following information: For the Year endign 2022 Toy Manufacturer Sale from Toy A Sale from Toy B Sale from Toy C Sale from Toy D Toy Parts Expense Packaging expense for Toys Paint expense for Toys Rent Expense Salary Expense Internet Expense Utilities Expense Advertising Expense Security Loan of 50000 with interest expens of 12% per year Taxes are at 25% Dividends paid Outstanding Share 20,000.00 15,000.00 30,000.00 10,000.00 30,000.00 10,000.00 5,000.00 2,000.00 8,000.00 2,000.00 1,000.00 1,500.00 500.00 5,000.00 2,000.00

1.) Create an income statement given the following information: For the Year endign 2022 Toy Manufacturer Sale from Toy A Sale from Toy B Sale from Toy C Sale from Toy D Toy Parts Expense Packaging expense for Toys Paint expense for Toys Rent Expense Salary Expense Internet Expense Utilities Expense Advertising Expense Security Loan of 50000 with interest expens of 12% per year Taxes are at 25% Dividends paid Outstanding Share 20,000.00 15,000.00 30,000.00 10,000.00 30,000.00 10,000.00 5,000.00 2,000.00 8,000.00 2,000.00 1,000.00 1,500.00 500.00 5,000.00 2,000.00

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...

See similar textbooks

Similar questions

Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): The percent a company adds to its cost of sales to determine selling price is called a markup. What is Tootsie Roll’s markup percent? Round to one decimal place.
Mike Sanders is considering the purchase of Kepler Company, a firm specializing in the manufacture of office supplies. To be able to assess the financial capabilities of the company, Mike has been given the companys financial statements for the 2 most recent years. Required: Note: Round all answers to two decimal places. 1. Compute the following for each year: (a) return on assets, (b) return on stockholders equity, (c) earnings per share, (d) price-earnings ratio, (e) dividend yield, and (f ) dividend payout ratio. 2. CONCEPTUAL CONNECTION Based on the analysis in Requirement 1, would you invest in the common stock of Kepler?
Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of goods sold 660.0 Gross profit 135.0 Selling expenses 73.5 EBITDA 61.5 Depreciation expenses 12.0 Earnings before interest and taxes (EBIT) 49.5 Interest expenses 4.5 Earnings before taxes (EBT) 45.0 Taxes (40%) 18.0 Net income 27.0 a. Calculate the ratios you think would be useful in this analysis. b. Construct a DuPont equation, and compare the companys ratios to the industry average ratios. c. Do the balance-sheet accounts or the income statement figures seem to be primarily responsible for the low profits? d. Which specific accounts seem to be most out of line relative to other firms in the industry? e. If the firm had a pronounced seasonal sales pattern or if it grew rapidly during the year, how might that affect the validity of your ratio analysis? How might you correct for such potential problems?
Begin with the partial model in the file Ch02 P21 Build a Model.xlsx on the textbooks Web site. a. Using the financial statements shown here for Lan Chen Technologies, calculate net operating working capital, total net operating capital, net operating profit after taxes, free cash flow, and return on invested capital for 2020. The federal-plus-state tax rate is 25%. b. Assume there were 15 million shares outstanding at the end of 2019, the year-end closing stock price was 65 per share, and the after-tax cost of capital was 10%. Calculate EVA and MVA for 2020. Lan Chen Technologies: Income Statements for Year Ending December 31 (Millions of Dollars) Lan Chen Technologies: December 31 Balance Sheets (Thousands of Dollars)
XYZ Corporation had the following data in 2022 below: Total assets = P300,000Gross profit margin = 25%Quick ratio = 0.80 xBond payable = P60,000Days sales outstanding = 36 daysDebt ratio = 50%Retained earnings = P97,500Times interest earned= 6 xInventory turnover = 5 xTotal assets turnover = 1.5 xNo. of days in a year = 360 days Tax rate = 35%Compute the interest expense.
Which is an example of horizontal analysis? A. Operating income amounts to P20,000. B. Acurrent ratio of 1:2 is established. C. Rent income in 2021 is 15% greater than in 2020. D. Advertising expense in 2021 is 6% of sales.
Active Fast Berhad has the following income statement items for 2021: Revenue/Sales RM559,236 Cost of goods sold RM311,003 EBIT RM248,233 Interest expenses RM93,938 Income tax expenses RM54,003 Dividend payment 40% of net profit What is the amount of the firm's retained earnings? Select one: a. RM163,438 b. RM60,175 c. RM40,117 d. RM148,910
Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Inventory 12,500Total Assets in 2021 110,000Current Liabilities 40,000Total Assets in 2020 90,000Net Profit 12,000Shareholders' Equity 65,000 Select one:a. 0.12b. 0.10c. 0.18d. 0.13
1, Given the price-earnings ratio of 12, EPS of P2.18 and payout ratio of 75%, compute for the dividend yield. 2. A company's sales last year were 615,000 and its net income was 45,800. It has 465,000 in assets financed only by common equity. Determine the profit margin needed to achieve a 14.5% ROE. Use 4 decimal places in your final answer. Express in percentage 3. Net income for 2020 was 1,825,600. In the year 2021, it decreased by 53%. Still using the 2020 net income as the base year, by 2022, net income increased by 130%. Determine the net income for 2021 and 2022, respectively 4. A company has 6,435,000 in common equity and 1,063,000 in outstanding shares. Shares sell at a price of 30.70 each. Calculate the difference of the firm's market and book values per share (2 decimal places) 5. P240,000 will be deposited in a fund at the beginning of each month for 5 years. Using 11% as the interest rate compounded semi-annually, compute how much is in the fund at the end of 4 ½ years…
What is the payout ratio for the following? SKYSONG, INC.Income StatementFor the Year Ended December 31, 2022 Sales revenue $404,100 Cost of goods sold 234,000 Gross profit 170,100 Expenses (including $16,700 interest and $26,400 income taxes) 83,500 Net income $ 86,600 Additional information: 1. Common stock outstanding January 1, 2022, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2022. 2. The market price of Skysong stock was $14 in 2022. 3. Cash dividends of $22,900 were paid, $4,900 of which were to preferred stockholders. Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share $enter earnings per share in dollars (b) Price-earnings ratio enter price-earnings ratio in times times (c) Payout ratio enter payout ratio in percentages % (d) Times interest earned enter times interest earned…
For the year ended December 31, 2022, Settles Incorporated earned an ROI of 10.5%. Sales for the year were $9 million, and average asset turnover was 2.1. Average stockholders' equity was $2.8 million. Required: Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place.
South Sea Baubles has the following (incomplete) balance sheet and income statement. BALANCE SHEET AT END OF YEAR (Figures in $ millions) Assets 2021 2022 Liabilities and Shareholders' Equity 2021 2022 Current assets $ 92 $ 150 Current liabilities $ 54 $ 66 Net fixed assets 820 920 Long-term debt 610 770 INCOME STATEMENT, 2022 (Figures in $ millions) Revenue $ 1,960 Cost of goods sold 1,040 Depreciation 360 Interest expense 242 a&b. What is shareholders’ equity in 2021 and 2022? c&d. What is net working capital in 2021 and 2022? e. What are taxes paid in 2022? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2022? g. Net fixed assets increased from $820 million to $920 million during 2022. What must have been South Sea’s gross investment in fixed assets during 2022? h. If South Sea reduced its outstanding accounts payable by $37 million during the year, what must have happened to its other…