Operating profit earned by M/s Arora & Sachdeva in 2016-17 was $ 17,00,000. Its non-operating incomes were $ 1,50,000 and non-operating expenses were $ 3,75,000. Calculate the amount of net profit earned by the firm.
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Operating profit earned by M/s Arora & Sachdeva in 2016-17 was $ 17,00,000. Its non-operating incomes were $ 1,50,000 and non-operating expenses were $ 3,75,000. Calculate the amount of net profit earned by the firm.
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- Asap Operating profit earned by M/s Arora & Sachdeva in 2016-17 was $ 17,00,000. Its non-operating incomes were $ 1,50,000 and non-operating expenses were $ 3,75,000. Calculate the amount of net profit earned by the firm.Peartree Inc. provides the following income statement for the year 2015: 2015 Net Sales $240,000 Cost of Goods Sold 110,000 Gross Profit $130,000 Operating Expenses: Selling Expenses 45,000 Administrative Expenses 12,000 Total Expenses 57,000 Operating Income $73,000 Other Revenues and Expenses: Loss on Sale of Capital Assets 23,000 Interest Expense 1,000 Total Other Revenues and Expenses 24,000 Income Before Taxes $49,000 Income Tax Expense 5,000 Net Income $44,000 Calculate the times-interest-earned ratio and show your calculations to receive full credit for this problem.a. 25 timesb. 30 timesc. 45 timesd. 50 timesIn 2017, Mix and Match Corporation (M&M’s) had a gross profit of RM27,000 on sales of RM110,000. M&M's operating expenses for 2017 were RM13,000, and its net profit margin was 0.0585. M&M’s had no interest expense in 2017. What was M&M's operating profit margin?
- Following are the jumbled information related to XYZ Company for the year 2016. Revenue 300,000 Equipment 150,000 Administration Expenses 40,000 Trade Receivable 50,000 Interest expense 10,000 Cost of goods sold 130,000 Tax 25,000 What will be the company's reported Gross profit and Net Income (Net Profit)? Gross Profit 130,000 and Net Profit 95,000 Gross Profit 170,000 and Net Profit 120,000 Gross Profit 130,000 and Net Profit 105,000 Gross Profit 170,000 and Net Profit 95,000Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $319,767; costs = $178,650; other expenses = $5,786; depreciation expense = $18,444; interest expense = $14,233; taxes = $17,008; dividends = $10,711. In addition, you’re told that the firm issued $5,368 in new equity during 2015 and redeemed $5,570 in outstanding long-term debt. If net fixed assets increased by $21,756 during the year, what was the addition to NWC?Please help with all the calculations and answer The 2016 income statement for J.Galarraga Corporation is below: Revenues $ 14,000,000Cost of Goods Sold 6,500,000Gross Margin $ 7,500,000Selling Expenses 3,400,000Administrative Expenses 700,000Net Operating Income $ 3,400,000 The company's margin of safety is $8,500,000. What would our revenues need to be to earn the NOI of $5,100,000?A. $ 16,300,000B. $ 19,750,000C. $ 18,250,000D. $ 15,700,000E. None of the above
- Henry Company had sales revenue of USD1,200,000, gross profit of USD749,000, operating expenses of USD297,000, cash dividends declared of USD75,000, and other expenses and losses of USD65,000 in 2014. It has a corporate tax rate of 32%. What was Henry Company's annual income tax expense?In 2018, Martinez Corporation reported net sales of $232,900, cost of goods sold of $139,700, operating expenses of $45,500, and income tax expense of $21,600. In 2017, it reported net sales of $213,000, cost of goods sold of $103,700, operating expenses of $39,000, other revenues of $10,300, and income tax expense of $13,700. Calculate the gross profit and net income for each year.Sheryl’s Shipping had sales last year of $18,000. The cost of goods sold was $8,100, general and administrative expenses were $2,600, interest expenses were $2,100, and depreciation was $2,600. The firm’s tax rate is 21%. What are earnings before interest and taxes? What is net income? What is cash flow from operations?
- Volbeat Corp. shows the following information on its 2015 income statement: sales = $255,000; costs = $156,000; other expenses = $7,900; depreciation expense = $15,600; interest expense = $14,800; taxes = $21,245; dividends = $12,000. In addition, you're told that the firm issued $6,300 in new equity during 2015 and redeemed $4,800 in outstanding long-term debt. a. What is the 2015 operating cash flow? b. What is the 2015 cash flow to creditors? c. What is the 2015 cash flow to stockholders?Operating profit earned by M/s Asmit & Khurana in 2021-22 was $17,00,000. Its non-operating incomes were $1,50,000 and non-operating expenses were $3,75,000. Calculate the amount of net profit earned by the firm.Given the income statement below, Mega Trade Inc. wants to find the resulting net income for the year 2016 (in million). What is the right amount? Income Statement ($ Million) YEAR END YEAR END YEAR END YEAR END 2015 2016 2017 2018 Sales 1,234.90 1,251.70 1,300.40 1,334.40 Cost Sales -679.1 -659 -681.3 -667 Gross Operating Income Selling & Administration -339.7 -348.6 -351.2 -373.3 Depreciation -47.5 -52 -55.9 -75.2 Other Income/Expenses 11.8 7.6 7 8.2 Earnings Before Interest and Taxes Interest Income 1.3 1.4 1.7 2 Interest Expense -16.2 -15.1 -20.5 -23.7 Pre Tax Income Income Taxes -56.8 -64.2 -67.5 -72.6 Net Income Dividends -38.3 -38.7 -39.8 -40.1