Archware Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales of $22.200 billion. Their net profit margin for the year was 0.17, while the operating profit margin was 30 percent. What is Archware’s net income? (Answer needs to be stated in billions. For example: 2.83) Round to two decimal places.

Q: Barts Industries, Inc., has total assets as follows: $50,000 in cash, $15,000 in short-term…

A: Solution..     Cash = $50,000  Short term investment = $15,000  Net receivable = $120,000  Inventory…

Q: A firm has a profit margin of 7% and an equity multiplier of 1.9. Its sales are $230 million, and it…

A: The profit margin is 7%.Equity multiplier is 1.9.Sales are $230 million.Total assets are $92…

Q: Blossom Systems has total assets of $ 34.050 billion, total debt of $ 8.745 billion, and net sales…

A: 1) Calculation of Net Income $ billion Net Income = Net Sales x Net Profit Margin Net Income =…

Q: The following information are available for Showan Inc: Operating Profit Margin 21%, taxes of 35%,…

A: Operating profit margin ratio = 21% Tax rate = 35% Interest expenses = 120,000 Sales = 3,527,000…

Q: De Marco Corporation has total assets of $5 million and an asset turnover ratio of 4. If net income…

A: Total Assets  =$5 million Asset Turnover Ratio = 4 Net Income =$2 million Asset Turnover Ratio =…

Q: $3,771 million and its liabilities decreased by $664 million. a. Complete the following table.…

A: Complete the following table.     $ million  Assets Beg. of the year  Assets end of the year…

Q: Kline Corporation had net income of P2 million in 2006. Using the 2006 financial elements as the…

A: Net income for 2007 = Net income in 2006(1 - Percentage decrease in net income in 2007) Net income…

Q: Last year, Hassan’s Madhatter, Inc. had an ROA of 9 percent, a profit margin of 14.70 percent, and…

A: ROA = Net income / Total assets = 9%Profit margin = Net income / Sales = 14.70%Sales = $ 30 million

Q: ACME Corp’s balance sheet reported that it had $650,000 in liabilities and $275,000 in equity. On…

A: Return on  Assets: Return on assets (ROA), also known as return on total assets, is a measurement of…

Q: Volkswagen AG had sales of €113,808 million, total assets of €167,919 million, and total debt of…

A: Given: Sales =€113808 millionTotal assets =€167919 millionTotal debt =€69380 millionProfit margin…

Q: The company’s total assets at year-end 2016 were CHF 131,900 million. What reasonable conclusions an…

A: The solvency, profitability, liquidity and efficiency of any company in the industry can be…

Q: PMM has $17 million in sales, its ROE is 17%, and its total asset turnover is 3.2X.  Common equity…

A:

Q: Ace Industries has current assets equal to $3 million. The company’s current ratio is 1.5, and its…

A: Given Details Current Assets is $3 million. Company's Current ratio is 1.5. Quick ratio is 1.0…

Q: In 2016, the Allen corporation had sales of $67 million, total assets of $42 million, and total…

A: Sales = 67,000,000 Assets = 42,000,000 Liabilities = 19,000,000 Interest Rate = 6.3% Tax Rate = 35%…

Q: What is the company's ROA? Denver, Incorporated, has sales of $27 million, total assets of $24.9…

A: Ratio analysis is a tool that establishes a relationship between the different items. It is used to…

Q: A company’s income statement shows interest expense of $5 million, sales revenue of $50 million,…

A: Interest coverage ratio is used to find how easily a company can pay its interest on outstanding…

Q: Wims, Inc., has sales of $18.1 million, total assets of $13.1 million and total debt of $3.9…

A: Return on assets ratio shows the income earned by the organization from the resources invested in…

Q: Established in 1990, Apple Orange Inc. Corp. has a gross profit margin of 31.7% on net sales of…

A: Note 1 :Current ratio=2.7 times i.e. 2.7:1 Current liabilities=USD 870,938 Current ratio=Current…

Q: For the most recent year, Camargo, Inc., had sales of $534,000, cost of goods sold of $241,680,…

A:

Q: Lions Corp's sales last year were $27,000, and its total assets were $16,000.  What was its total…

A: Total Asset Turnover Ratio = Total Sales/ Average Assets

Q: Ramala Corp's sales last year were $48,000, and its total assets were $25,500. What was its total…

A: A ratio that provides information regarding the efficient use of a company’s total asset is term as…

Q: Last year Vaughn Corp. had sales of $315,000 and a net income of $17,832, and its year-end assets…

A: Du-Pont: A Du-pont analysis is the equation which calculates the return on equity by multiplying net…

Q: In 2016, Natural Selection, a nationwide computer dating service, had $532 million of assets and…

A: Principal and Interest = Interest payment+Principal payment/1-tax rate+Dividends/1-tax rate=…

Q: Nataro, Incorporated, has sales of $678,000, costs of $340,000, depreciation expense of $84,000,…

A: Addition to retained earnings is the amount that is left over from net income after distributing…

Q: Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its…

A: Introduction: Current liabilities: The Liabilities which are to be paid with in one year period of…

Q: Dearborn Supplies has total sales of $206 ​million, assets of $94 ​million, a return on equity of…

A: Net income = Profit margin * Sales = 0.078 * $206 million = $16.068 million Equity = Net income /…

Q: In the past year, TVG had revenues of $3.10 million, cost of goods sold of $2.60 million, and…

A: Annual interest expense = Amount of debt outstanding x rate of interest x period = $1,100,000 x 9% =…

Q: Sidewinder, Inc., has sales of $674,000, costs of $338,000, depreciation expense of $83,000,…

A: Retained earnings are the excess amount of revenue after deducting all the expenses and paying out…

Q: MPI Incorporated has $3 billion in assets, and its tax rate is 35%. Its basic earning power (BEP)…

A: BEP ratio=EBITTotal Assets0.13=EBIT$3 billionEBIT=$3 billion×0.13EBIT=$0.39 billion   ROA=Net…

Q: In the past year, TVG had revenues of $2.93 million, cost of goods sold of $2.43 million, and…

A: Time interest earned ratio This give the ability of firm to pay interest on debt regularly. Time…

Q: Henry Company had sales revenue of USD1,200,000, gross profit of USD749,000, operating expenses of…

A: Income tax expense refers to the expense amount which company records in the accounting period for…

Q: In its most recent financial statements, Del-Castillo Inc. reported $35 million of net income and…

A: Dividend: It is the  distribution of profits  to its investors once  profit is earned by a…

Q: OCW Corporation has current assets totaling $15 million and a current ratio of 2.5 to 1. What is…

A: Given: OCW Corporation, Current assets = $15 million Current ratio = 2.5:1 To compute: Computation…

Q: Office Depot, Inc. is one of the largest suppliers of office products in the United States. Suppose…

A: Asset turnover ratio is the ratio of Net Sales divided by the amount of average assets invested.…

Q: Convex Industries has inventories of $202 million, current assets of $1.30 billion, and current…

A: Convex Industries: Introduction: Inventories =202 Million Current assets = 1.30 Billion Current…

Q: River Corp's total assets at the end of last year were $405,000 and its net income was $32,750. What…

A: The return on total assets is calculated as ratio of net income and total assets

Q: Last year, McGinley Company had total equity of $600,000, a return on assets of 10%, and a return on…

A: Return on equity=Net IncomeShareholder's equity0.15=NI6,00,000Net Income=$90,000

Q: In its most recent financial statements, Del-Castillo Inc. reported $60 million of net income and…

A: The companies that are financed with equity do not pay all their earnings to shareholders as…

Q: The balance sheet of ATLF, Inc. reports total assets of $950,000 and $1,050,000 at the beginning and…

A: Ratio analysis: It can be defined as a quantitative method of analyzing the financial statements of…

Q: Marshall’s Clothing Company has total assets of $90 million, ROA of 24%, ROE of 21% and a net profit…

A: Given, Total assets $90 million ROA is 24% Net profit margin is 12%

Q: 16, the Allen corporation had sales of $63 million, total assets of $44 million, and total…

A: Operating return on assets = Operating profit / sales * 100 Return on equity = Net profit / Equity *…

Q: Radio Shack has a quick ratio of 0.8, current liabilities of $8.5 billion, and inventories of $5.2…

A: Current Ratio: The current ratio shows the ability of a firm to repay its short-term obligations…

Q: Last year, Roswin Robotics have $5,000,000.00 in operating income (EBIT). Its depreciation expense…

A: Net Operating Working Capital = Operating Current Assets - Operating Current Liabilities Net Working…