2019 2018 2017 2016 Net Sales Revenue $761,000 $707,000 $638,000 $662,000 Net Income 62,000 35,000 34,000 43,000 Ending Common Stockholders' Equity 376,000 344,000 328,000 292,000 Requirement 1. Compute trend analyses for each item for 20172017long dash—20192019. Use 20162016 as the base year, and round to the nearest whole percent. 2019 2018 2017 2016 Net Sales Revenue 761,000 707,000 638,000 662,000 Trend Percentages ? ? ? 100 %
Q: Computing and Disaggregating Return on Equity Following are selected balance sheet and income…
A: a. Calculate Ralph Lauren’s return on equity for the fiscal year ended April 2, 2020. $…
Q: December 31 Increase or (Decrease) 2022 2021 Amount Percentage Assets Current assets $123,400…
A: Horizontal analysis is prepared to calculate the variance from previous year by showing…
Q: Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below:…
A: Return on equity forms a part of ratio analysis and is used for evaluation of annual return based on…
Q: What is the gearing ratio for the year 2018? Use the information from IBM’s financial statements…
A: Gearing Ratio: Gearing ratios are a kind of financial ratio that compares one form of owner's equity…
Q: Calculating trend analysis Muscateer Corp. reported the following revenues and net income amounts:…
A: Trend analysis for revenue = Current year revenue / base year revenue
Q: Problem 5 Jill Corporation's sales, current assets, and current liabilities have been reported as…
A: Trend Index = Current Year / Base Year a)
Q: 2019 2015 2017 $ 485,044 S 319,108 $ 248.333 S 175,500 $ 135,000 122,700 16,986 2018 2016 Sales Cost…
A: Trend analysis is used to analyze the trend on the basis of the base year. The management can make…
Q: The 2019 financial statements for Growth Industries are presented below. INCOME STATEMENT, 2019 $…
A: External financing can be defined as additional funds needed from sources outside the firm, in order…
Q: Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current…
A: Horizontal analysis is the analysis made out of the comparison of financial statements for multiple…
Q: Balance Sheet Calculations Fermer Company's balance sheet information at the end of 2019 and 2020 is…
A: The balance sheet is an essential part of financial statements and it represents a summary of…
Q: 2021 2020 $ 88,000 $ 70,000 93,000 Accounts receivable Inventory Net sales (all credit) Cost of…
A: Formula: Receivables turnover ratio = Net credit sales / Average accounts receivables. Division of…
Q: Here is financial information for Metlock, Inc.. Please explain as well :) December 31, 2020…
A: Lets understand the basics. There are two type of analysis are made by the management which are, (1)…
Q: Calculate the dividend payout ratio (dividends of $1.25 per common share for the year) for…
A: Weighted average no. of Common stock outstanding = (104,600/0.25+103,800/0.25)/2…
Q: statement of financial position: Fearsome Company showed the following comparative Problem 17-5…
A: Financial statements are accounting records prepared to know the business profitability and…
Q: CALCULATE THE INTEREST COVERAGE RATIO. For the year ended December 31, Notes 2020 2019…
A: An Interest Coverage Ratio seems to be a profitability measure often used to evaluate a firm's…
Q: As Reported Annual Income Statement Report Date Бcale Net sales 2019 2018 2017 Thousands Thousands…
A: Ratio Analysis: This is the process of computing, determining, and presenting the relationship of…
Q: 17. Halal Berhad’s comparative financial statements for the years ending 31 December 2020, and 2019,…
A: Fixed assets are those assets which are held for longer period of time. Long term liabilities are…
Q: The companys earnings for the past three years indicated the following pattern \ Year Amount ( Shs)…
A: Annual Earnings( in millions) Remark YEAR 2018 2019 2020 2021 Earnings ($)…
Q: As Reported Annual Income Statement Report Date Scale 2019 Thousands 2018 2017 Thousands Thousands…
A: Ratio analysis is a kind of analysis in which ratios are calculated to estimate the company’s…
Q: Digital eletronic company incomes for the years 2016 through 2020 were OMR(100,000), 300,000,…
A: A company can incur profit or loss in its financial year.
Q: 2020 2019 (a) Current ratio. 1.80 :1 1.77 :1 (b) Inventory turnover. 1.80 2.17 (c) Profit margin.…
A: a Current Ratio 2020 2019 Cash and cash equivalents $ 330…
Q: Contrast the company's 2019 financial ratios with the financial ratios presented by the industry.…
A: Quick Assets = Total Current Assets - Inventory - Prepaid Expenses =…
Q: Computing trend analysis and return on common equity Net sales revenue, net income, and common…
A: Trend analysis: Each item must be divided by that particular item's dollar amount of 2016. Working…
Q: Calculate the dividend payout ratio for 2020. (Do not round intermediate calculations.)
A: Lets understand the basics. Dividend payout ratio indicates that, how much amount of net income is…
Q: 2019 2018 Rate of Inc(Dec) Sales P500,000.00 (0.50%) Cost of Goods Sold 50% 40% Gross Profit ?…
A:
Q: LARKSPUR, INC. Condensed Balance Sheet December 31 Increase or (Decrease) 2022 2021 Amount…
A: The horizontal analysis of the financial statements of the business means to analyze the data of two…
Q: P18-1 Trend analysis and return on common equity [20–30 min] Net sales revenue, profit and ordinary…
A: Trend analysis shows changes in the financial statement values of a certain year relative to a base…
Q: Data from the financial statements of four different companies are presented in separate columns in…
A: The accounting equation is the base to record the financial transactions that are to be posted in…
Q: please calculate the following: 2017 2018 2019 2020 Quick ratio Debt…
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…
Q: Based on the given data, what is the returns for Company AC? Company Dec. 30, 2020 Dec. 29, 2019…
A: Closing Price = 395 Opening Price = 301 Dividends = 5 Requirement: Return % for Company AC
Q: The following information was available for the year ended December 31, 2019: $300,000 50,000…
A: Return on Investment: Return on Investment is also known as the Return on Assets Ratio. It measures…
Q: Assume the following sales data for a company: 2023 $966000 2022 871000 2021 696800 If 2021 is the…
A: Percentage increase from one year to another year is calculated as a percentage of increase by base…
Q: Based on the given data, what is the returns for Company JFC? Company Dec. 30, 2020 Dec. 29, 2019…
A: Investors have different options to make investments, and the motive behind investments is to…
Q: 1) The financial statements for Barrington Service Company include the following items: 2019…
A: The current ratio is the ratio of current assets and current liabilities.
Q: I did this for hw I just wanted to see if my answers where correct and if not can show me what the…
A: Net working capital (NWC) is the difference in the company’s current assets (CA) and current…
Q: 2020 2019 (dollars in millions) $ 37,580 2,231 1,318 $33,075 1,283 Net sales Earnings before taxes…
A: Solution:- Computation of Vertical and Horizontal analysis from the above information as follows:-
Q: PROFITABOLITY: Ratio 2021 2020 2019 ROE= (4,511,706/ 9,414,458) *100 Return on ROE= (2,476,553)/…
A: 1. Return on equity Ratio : This ratio tells that how much a company is able to generate profit from…
Q: Selected information is taken from the financial statements of Little Company for two successive…
A: To find the percentage change over previous year, we will use the following formula: Percentage…
Q: CALCULATE THE EBITDA For the year ended December 31, Notes 2020 2019 Revenue ₱…
A: Income statement is a statement which is prepared to reflect the financial performance of an…
Q: Here is financial information for Shamrock, Inc. December 31, 2022 December 31, 2021 Current assets…
A: Horizontal analysis of balance sheet: In horizontal analysis of the balance sheet, the amount of…
Q: Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current assets…
A: Horizontal analysis is prepared to calculate the variance from the previous year by showing an…
Q: Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a…
A: Comparative Statement is financial analysis tool which show change in respective amount of Balance…
Q: Here is financial information for Glitter Inc. December 31, 2020 December 31, 2019 Current…
A: Horizontal analysis of the balance sheet shows changes in balances over the period and also…
Q: 2021 2020 2019 2018 2017 Current Ratio 0.95 times 1.3 times 1.1 times 1.2 times 1.3 times Days in…
A: The question is related to Ratio Analysis. The ratio are given for five years from 2017 to 2021. The…
Q: Read the requirements. Requirement 1. Compute trend analyses for each item for 2017-2019. Use 2016…
A: Percent change = (Current year amount÷ Base year amount)*100 Rate of return on common stock =…
Q: Prepare a schedule showing a horizontal analysis for 2022, using 2021 as the base year.
A: Horizontal Analysis: It is a technique of analysing the financial statements of an organization…
Q: FILLING IN THE RATIOS .. THE LEFT SIDE IS 2019 THE RIGHT SIDE IS 2020 IN THE IMAGE. Jergan…
A: (4) Earnings Per Share = Net Income/Average Outstanding Shares 2019 = 57,560/((30400+31600)/2) =…
Q: Hare is financial information for Gittar Inc December 31, 2020 December 31.2019 Current assets…
A: Horizontal analysis shows changes in balances from previous period which is shown as absolute…
Q: analysis of the increase in their gross profit in2021 based on their past two-year comparative…
A: Let the sale price per unit for 2020 be 'P 100'. Particulars Values Values Unit sale price P…
|
|
2019
|
2018
|
2017
|
2016
|
|
Net Sales Revenue
|
$761,000
|
$707,000
|
$638,000
|
$662,000
|
|
Net Income
|
62,000
|
35,000
|
34,000
|
43,000
|
|
Ending Common
|
376,000
|
344,000
|
328,000
|
292,000
|
Requirement 1. Compute trend analyses for each item for
Use
as the base year, and round to the nearest whole percent.
| 2019 | 2018 | 2017 | 2016 | |
| Net Sales Revenue |
761,000
|
707,000
|
638,000
|
662,000
|
| Trend Percentages | ? | ? | ? |
100
%
|
Step by step
Solved in 2 steps with 1 images
- tion 8Income statement for the year ended 31 December, 2019 of KKMTN Ghana Ltd2018 2019ȼ ‘000 ȼ ‘000Turnover 420,000 523,600Cost of sales (330,000) (417,200)Gross profit 89,000 106,400Expenses:Administration 44,600 50,200Selling and distribution 15,400 (60,000) 19,600 (69,800)Profit before interest 29,000 36,600Debenture interest - (2,800)Net profit before tax 29,000 33,800Taxation (8,000) (10,000)Net Profit after tax 21,000 23,800Ordinary dividend paid 8,400 9,250Ordinary shares issued 12 million and trading at ȼ3 each as at yesterday onGSE.You are required to compute the following investment ratios:a). Earnings per shareb). Dividend per sharec). Payout ratiod). Price earnings ratioe). Earnings yield47. Halal Berhad’s comparative financial statements for the years ending 31 December 2020, and 2019, are as follows. Halal Berhad’s common stock market price was RM35 on 31 December 2020 and RM40 on 31 December 2019. Halal Berhad Statement of Profit or Loss and Other Comprehensive Income For the years ended 31 December 2020 and 2019 2020 (RM’000) 2019 (RM’000) Sales 1,200 1,000 Cost of goods sold 500 475 Gross Profit 700 525 Selling expenses 240 200 Administrative expenses 180 150 Total operating expenses 420 350 Income from operations 280 175 Other income 166 225 446 400 Other expense (interest) 66 60 Income before income tax 380 340 Income tax expense 80 60 Net income 300 280 Halal Berhad Statement of Financial Position As at 31…17. Halal Berhad’s comparative financial statements for the years ending 31 December 2020, and 2019, are as follows. Halal Berhad’s common stock market price was RM35 on 31 December 2020 and RM40 on 31 December 2019. Halal Berhad Statement of Profit or Loss and Other Comprehensive Income For the years ended 31 December 2020 and 2019 2020 (RM’000) 2019 (RM’000) Sales 1,200 1,000 Cost of goods sold 500 475 Gross Profit 700 525 Selling expenses 240 200 Administrative expenses 180 150 Total operating expenses 420 350 Income from operations 280 175 Other income 166 225 446 400 Other expense (interest) 66 60 Income before income tax 380 340 Income tax expense 80 60 Net income 300 280 Halal Berhad Statement of Financial Position As at 31 December 2020…
- Maple Group LtdComparative Balance SheetDecember 31, 2020 and 20192020 2019 Increase/(Decrease)Assets Cash and cash equivalent ? 31,500 (10,000)Accounts Receivable ? 87,500 ? Inventories 97,100 ? ? Fixed Assets, net 142,300 ? 32,000 Total Assets 302,900 323,000 (20,100)Liabilities Accounts payable 25,600 26,600 ? Accrued liabilities 24,000 ? 1,200 Long-term notes payable 58,200 ? (20,000)Stockholders' Equity: Common Stock ? 131,400 ? Retained earnings 54,800 64,000 (9,200)Total liabilities and stockholders' equity 302,900 323,000 (20,100)- - - Maple Group Ltd Income Statement Year Ended December 31,2020 Revenues and gains: Sales revenue 370,000 Interest revenue 11,800 Total revenues and gains 381,800 Expenses Cost of goods sold 205,500 Depreciation expense 15,500 Other operating expense 126,000 Interest expense 24,300 Total expenses 371,300 Income before income taxes 10,500 Income tax expense 16,300 Net Loss (5,800) Notes Acquisition of fixed asset during 2020 47,500 Sale proceed…QWC 2016 $000 2017 $000 2018 $000 2019 $000 2020 $000 2021 $000 Current ratio 0.66 0.58 0.96 0.92 1.06 0.83 Quick ratio 0.43 0.37 0.58 0.53 0.49 0.57 Operating cash flow ratio 0.10 0.01 0.01 0.00 0.02 0.07 MMC Current ratio 2.37 2.23 2.07 1.89 2.74 2.16 Quick ratio 0.93 0.95 0.81 0.80 1.36 1.01 Operating cash flow ratio 1.02 0.72 0.96 0.47 0.32 0.52 Please interpret the ratio for both the companies. Not required to explain the theory just interpret the values for the following: 1) Current Ratio 2) Quick Ratio 3) Operating cash flow ratioE23.10B (L0 1,4) (Classification of Transactions) Following are selected balance sheet accounts of BioLazer Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Increase Selected balance sheet accounts 2020 2019 (Decrease)AssetsAccounts receivable $154,000 $120,000 $34,000Property, plant, and equipment 631,000 581,000 50,000Accumulated…
- What is the gearing ratio for the year 2018? Use the information from IBM’s financial statements below Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Current assets R 48 116 000 R 48 935 000 R 49 004 000 Current liabilities R 40 562 000 R 36 002 000 R 42 435 000 Inventory R 2 450 000 R 2 494 000 R 2 701 000 Owners’ equity R56 455 000 R55 932 000 R53 657 000 Total liabilities R 90 405 000 R 86 385 000 R 96 058 000 Total assets R 113 452 000 R 109 022 000 R 109 524 000 Net income R 14 833 000 R 13 425 000 R 12 334 000 Net profit R 46 014 000 R 43 785 000 R 45 661 000 Sales R 99 870 000 R 95 758 000 R 103 630 0002018 2019 2020 2021 Revenue net income Revenue Net income Revenue Net income Revenue income Vodafone 61,786 3236 50,565 -9287 50,011 -1023 51,169 131 Verizon 130,863 15,528 131,868 19,265 128,292 17,801 133,613 22,065 find out horizontal, vertical and ratio analysisCarla Vista Co. has these comparative balance sheet data: CARLA VISTA CO.Balance SheetsDecember 31 2020 2019 Cash $ 16,140 $ 32,280 Accounts receivable (net) 75,320 64,560 Inventory 64,560 53,800 Plant assets (net) 215,200 193,680 $371,220 $344,320 Accounts payable $ 53,800 $ 64,560 Mortgage payable (15%) 107,600 107,600 Common stock, $10 par 150,640 129,120 Retained earnings 59,180 43,040 $371,220 $344,320 Additional information for 2020: 1. Net income was $32,500. 2. Sales on account were $392,900. Sales returns and allowances amounted to $27,300. 3. Cost of goods sold was $217,300. 4. Net cash provided by operating activities was $57,200. 5. Capital expenditures were $30,000, and cash dividends were $19,000. Compute the following ratios at December 31, 2020. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83…
- Xyz tradingCondensed comparative balance sheet 2021 2020 2019Assets:Current assets 468,000. 345,600. 300,000Property and equipment 600,000. 560,400. 500,400Other assets(advances ). 72,000. 126,000. 150,000Total assets. 1,140,000. 1,032,000. 950,400Liabilities and stockholders’ equityLiabilitiesCurrent liabilities 134,400. 112,800. 100,00012 % long-term notes payable. 240,000. 300,000 350,000Total liabilities. 374,400. 412,800. 450,000Stockholders’ equity10% preferred stock 120,000. 120,000. 120,000Common stock 300,000 240,000 200,000Additional paid in capital 84,000. 48,000 40,000Retained earnings…The following are summary financial statement data for a company for 2020 – 2022. ($ thousands) 2022 2021 2020 Sales $2,566,863 $2,221,427 $2,018,100 Net Income 208,542 205,876 119,317 Total Assets 1,743,157 1,498,677 1,324,147 Equity 1,050,557 856,111 759,948 Required: Compute the return on assets (ROA) for 2022 and 2021. Compute the profit margin (PM) for 2022 and 2021. Compute the asset turnover (AT) or 2022 and 2021. Which component of ROA (PM or AT) drives the changes in ROA in 2022? Compute the ROE for 2022 and 2021. The company repurchased common shares in 2022 at a cost of $30 million. Did this repurchase increase or decrease the company’s ROE?2. The budget manual is a detailed set of documents that provide information and guidelines about the budgetary process. It should include the followings EXCEPT: Select one: A. statements of the budgetary purpose and its desired results. B. a calendar of scheduled budgetary activities. C. a economic forecast for the organisation for the next 24 month. D. original, revised and approved budgets. 3. Break-even point can be considered as: Select one: A. the number of units required to be sold to cover fixed costs. B. the minimum amount of contribution margin that should be made. C. the level of activity at which total sales equals total costs. D. the level of activity where variable costs are covered by sales revenue. 4. Ahmad Jelani Enterprise produces ladies’ veils using the brand name ‘Taqwa’, which are specially designed for local market. The main fabrics are imported from Laos. Details of the product costing for the past 3 months are as follow: Quantity produced…
