a. Denali Limited, a manufacturing company, had the following income statement information: Revenue R.4,000,000 Cost of goods sold Rs.3,000,000 Other operating expenses Rs.500,000 Interest expense Rs.100,000 Tax expense Rs.120,000. Calculate Denali's gross profit. b. United Microelectronics Corp. (UMC) is a semiconductor foundry company based in Taiwan. As part of an analysis of management's operating efficiency, an analyst collects the following activity ratios from Bloomberg. Interpret the performance of company on basis of ratios. Ratio 2004 2003 2002 2001 DOH 35.68 40.70 40.47 48.51 DSO 45.07 58.28 51.27 76.98 Total asset turnover 0.35 0.28 0.23 0.22

a. Denali Limited, a manufacturing company, had the following income statement information: Revenue R.4,000,000 Cost of goods sold Rs.3,000,000 Other operating expenses Rs.500,000 Interest expense Rs.100,000 Tax expense Rs.120,000. Calculate Denali's gross profit. b. United Microelectronics Corp. (UMC) is a semiconductor foundry company based in Taiwan. As part of an analysis of management's operating efficiency, an analyst collects the following activity ratios from Bloomberg. Interpret the performance of company on basis of ratios. Ratio 2004 2003 2002 2001 DOH 35.68 40.70 40.47 48.51 DSO 45.07 58.28 51.27 76.98 Total asset turnover 0.35 0.28 0.23 0.22

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of goods sold was 240,000, its operating expenses were 50,000, its interest revenue was 2,000, and its interest expense was 12,000. Brandts income tax rate is 30%. Prepare Brandts multiple-step income statement for the current year.
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