Bed Bug Inn has annual sales of $137,000. Earnings before interest and taxes are equal to 5.8 percent of sales. For the period, the firm paid $4,700 in interest. What is the profit margin if the tax rate is 34 percent?

Q: Ozark Industries reported net income of $75 million in 2002. The company’s corporate tax rate was 40…

A: The sales level of a company directly affect the company's net income. In order to increase the net…

Q: Ever Manufacturers had sales of $900,000 in 2006 and their cost of goods sold represented 65 percent…

A: Given, Sales =$900,000 COGS =65% of sales = $900,000*65% = $585,000 Selling and Administrative…

Q: The newspaper reported last week that Bennington Enterprises earned $17 million this year. The…

A: Answer  Total Earning  = $17 millions  ROE = 14% Retainsation ratio = 70%

Q: Last year, Pastis Productions reported $100,000 in sales and $40,000 in cost of goods sold.…

A:

Q: Barton Industries has operating income for the year of $3,100,000 and a 38% tax rate. Its total…

A: Given information: Operating income: $3,100,000 Tax : 38% Investment : $20,000,000 Cost of capital :…

Q: Rappaport Corp.'s sales last year were $375,000, and its net income after taxes was $23,000. What…

A: Profit margin on sales is ratio of net profit on sales that is as follows: As per formula Profit…

Q: A firm has total interest charges of $10,000 per year, sates of $1 million, a tax rate of 40…

A: Times interest earned ratio or interest coverage ratio shows ability of the company in paying it's…

Q: Ruby Corp's sales last year were $435,500, its operating costs were $350,000, and its interest…

A: TIE number is earnings before interest and taxes (EBIT) divided by the total interest payable

Q: A firm had gross profits from sales in the amountof $180,000, operating expenses of $90,000,and…

A: Net Income is defined as the aggregate amount of money that the business earned in the time period,…

Q: XYZ Co has disclosed the following financial information for the period ending 12/31/19: sales of…

A: Sales = $1,522,982 Cost of goods sold = $825,220, Depreciation expenses = $101,083 Interest expenses…

Q: Carr Auto Wholesalers had sales of $1,040,000 in 20XX, and the cost of goods sold represented 74…

A: An income statement is the one prepared by the company in a structured manner to determine the net…

Q: During the year, the Senbet Discount Tire Company had gross sales of $1.23 million. The company’s…

A: The cash flow that is generated by a company from its primary business operation is term as the…

Q: The S&H construction company expects to have total sales next year totaling $14,500,00 In addition,…

A: Given information, Total Sales =$14,500,000 Interest expenses =$318,000 Cost of goods sold =58% of…

Q: Ricardo Entertainment recently reported the following income statement: Sales 12,000,000 Cost of…

A: Computation:

Q: Rappaport Corp.s sales last year were $320,000, and its net income after taxes was $23,000. What was…

A: Profit Margin on Sales = Net Income after taxes / Sales

Q: Delta Ray Brands Corp. just completed their latest fiscal year. The firm had sales of $16,818,300.…

A: Given, Sales = $16,818,300 Depreciation and amortization = $830,300 Interest expense = $872,000…

Q: A firm incurs $70,000 in interest expenses each year. If the tax rate of the firm is 30%, what is…

A: The below expression can be used to calculate after-tax interest expense:

Q: During the year, the Senbet Discount Tire Company had gross sales of $1.24 million. The company’s…

A: The term net income refers to the revenue or income left with the company after deducting all the…

Q: Lemon Auto Wholesalers had sales of $1,000,000 last year, and cost of goods sold represented 78…

A: The question is based on the concept of business transaction analysis.

Q: Barton Industries has operating income for the year of $3,500,000 and a 37% tax rate. Its total…

A: Economic Value Added (EVA) is a financial indicator that helps in determining the profitability of…

Q: Keller Cosmetics maintains an operating profit margin of 9.00% and a sales-to-assets ratio of 3.90.…

A: Note: Given situation consists of multiple questions and in this situation, no specified one…

Q: Deton pen Manufacturers sales= $980,000 cost of goods sold represented 64 percent of sales.…

A: Net income of an firm can be calculated by subtracting the cost of goods sold and other expenses…

Q: For the past year, Momsen Limited had sales of $45,017, interest expense of $3,308, cost of goods…

A: Net income is overall profit received by the company after providing the operating expenses and the…

Q: For the past year, Momsen, Ltd., had sales of $44,042, interest expense of $2,918, cost of goods…

A: Sales of $44,042 Interest Expense is $2,918 Selling and admin. Expense is $10,626 Depriciation isn…

Q: If the corporate tax rate was 25 percent, what were the firm's income taxes for each year? Round…

A: Tax refers to the amount charged by the government on individuals, partnership firms, HUF’s or any…

Q: Santos Company had a 40 percent tax rate. Given the following pre-tax 21) amounts, what would be the…

A: Income tax is charged on the net income of the business. The net income is the Excess of revenue…

Q: tartup's accountant has just prepared the year-end income statement for its third operations. It has…

A: The losses in business can be carried forward for 8 years and can be adjusted against business…

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: The annual sales of a company are $235,000 including sales tax at 17.5%. Half of the sales are on…

A: We have the following information: Annual Sales: $235,000 Annual sales includes a sales tax of…

Q: Jude Corp. has annual sales of P50,735,000, an average inventory level of P15,012,000, and average…

A: Cash conversion cycle (CCC) It is the number of days required to convert cash (invested in operation…

Q: A company wants to earn an income of $60,000 after-taxes. If the tax rate is 32%, what must be the…

A: Formula: Net income after taxes = Pretax income - Tax amount.

Q: Brick House Cafe has a tax rate of 35 percent and paid total taxes of $49,700. The company had an…

A: The interest is the cost of financing by the company during the year. It will be using as a tax…

Q: National Co. has an inventory conversion period of 60 days, a receivable conversion period of 35…

A: The Cash Conversion Cycle (CCC) is one of the various quantitative indicators that may be used to…

Q: Round your answer to the nearest dollar. Use a minus sign to enter a negative value, if any.

A: Economic Value Added is also called economic profit. It measures company financial performance,…

Q: Rose inc. had sales of $7 million during the past year. The cost of goods sold amounted to $4…

A: Cost of goods sold exhibits direct cost incurred by company for producing goods and services.

Q: Roberts Corp's sales last year were $300,000, and its net income after taxes was $25,000. What was…

A: A ratio that helps to evaluate how much portions of the sales revenue of a company turns in the…

Q: Bohr Paint Company has annual sales of $12 million per year. If there is a profit of $5000 per day…

A: Gross profit is a profit a company makes after deducting associated with making and selling its…

Q: Hebner Housing Corporation has forecast the following numbers for this upcoming year:  Sales =…

A: Income statement or statement of profit or loss helps investors to get to known about the total…

Q: Over the last five years, corporation A has been consistently profitable. Its earnings before taxes…

A: Given information: Tax rate is 29% Calculation of firm’s income taxes for each year and total tax…

Q: RJS generated $78,000 net income this year. The firm's financial statements also show that its…

A: Net income = $ 78,000 Interest expenses = $ 40,000 Tax rate = 35% NOPAT = Net income+[Interest…

Q: Cecil, Inc. has sales of $682,100. Earnings before interest and taxes is equal to 20 percent of…

A: Profit margin: This ratio indicates the percentage of sales which converted into profit. It is…

Q: Libscomb Technologies' annual sales are $6,997,444 and all sales are made on credit, it purchases…

A: Receivables turnover = Net credit sales / Average Receivables

Q: Your firm has total sales of $10,508. Costs are $6,062, depreciation expense is $1,188, and the…

A: Net profit margin = Net profit / Sales where, Net profit = Total sales - costs - depreciation…

Q: Steber Packaging Inc. expects sales next year of $42 million. Of this total, 40 percent is expected…

A: The annual cash expenditures and inflows associated with a project are represented by net cash flow.…

Q: Rappaport Corp.'s sales last year were $320,000, and its net income after taxes was $23,000.…

A: PROFIT MARGIN=NET INCOME AFTER TAXSALES