calculate Net Income and total assets 16 Income Statement17 Interest Income on Loans4,902.0918 Other Interest Income270.3319 Dividend Income20 Gross Interest & Div. Income5,172.4121 Interest Exp. on Cust. Deps.22 Other Interest Exp.2,142.1723 Total Interest Expenses24 Net Interest Income2,142.173,030.2525 Net Fees & Commissions518.3626 Net Gains (Losses) on Trading & Derivs.27 Net Gains (Losses) on Assets and Liabilities at FV28 Net Gains (Losses) on Other Secs.29 Net Insurance Income30 Other Operating Income261.0431 Total Non-Interest Operating Income32 Total Operating Income779.393,809.6433 Personnel Expenses917.8134 Other Operating Expenses683.7135 Total Non-Interest Expenses1,601.5236 Equity-Acctd. Profit/Loss - Operating37 Pre-Impairment Operating Profit2,208.1238 Loan Impairment Charge374.3739 Secs. & Other Credit Imp. Charges40 Operating Profit1,833.7541 Equity-acctd. Profit/Loss - Non-Operating42 Goodwill Impairment26.0143 Non-Recurring Income44 Non-Recurring Expense29.7345 Other Non-Operating Income & Exps.46 Pre-tax Profit1,778.0247 Tax Expense - Banks502.5648 Profit/Loss from Discontinued Operations49 Net Income - Banks1,275.4550 Profit Allocation to Non-controlling Ints.51 Net Income after Allocation to Non-Controlling Ints.1,275.4552 Change in Value of AFS Invs.13.0153 Revaluation of Fixed Assets54 Currency Translation Differences55 Remaining OCI Gains/(Losses)72.4656 Total Comprehensive Income1,360.9257 Com. Divs. Relating to Period58 Pref. Divs. Related to Period59 Dividends Reported in the Period8.36 AssetsResidential Mortgage Loans81,238.86Other Mortgage LoansOther Consumer/Retail Loans1,501.19Corp. & Commercial Loans41,174.94Other Loans and Loan-related balancesLoan Loss Allowances644.69Net Loans123,270.30Gross Loans123,914.99Imp. Loans & Advances to Customers1,085.95Specific Loan Loss Allowances171.86Loans at FVLoans & Advances to BanksReverse Repos and Securities Borrowing1,294.96Derivatives (Assets)9,012.71Trading Secs. at FV Through Income11,887.82Securities at FV through OCI / Available for SaleSecurities at Amortised Cost /Held to Maturity9,190.14Other SecuritiesTotal Securities21,077.96Government Securities19,269.29Total Securities PledgedEquity Investments in AssociatesInvestments in PropertyInsurance AssetsOther Earning AssetsTotal Earning Assets154,655.93Cash & Due From Banks7,662.01Mandatory ReservesForeclosed AssetsFixed Assets548.08Goodwill2,792.43Other Intangibles79.89Current Tax AssetsDeferred Tax Assets303.77Discontinued Operation AssetsOther Assets931.74Total Assets - Banks166,973.85

Net Income of the business means income generated after deducting all the expenses and costs from…

Answered: calculate Net Income and total assets

Business

Accounting

calculate Net Income and total assets

Financial & Managerial Accounting

13th Edition

ISBN:9781285866307

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 15.17EX: Profitability ratios The following selected data were taken from the financial statements of...

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For Financial year 2021: Current ratio = Current assets / Current liabilities = 43.133 / 29.613 = 1.46 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (29.613 + 25.382) / 47.069 = 1.17 (2.d.p) Return on total assets = Net profit / Average total assets = (-11.195) / 101.964 = -0.11 (2.d.p) Profit margin ratio = Net profit / Net sales = (-11.195) / 81.79 = -0.14 (2.d.p) Debt-to-asset = Total liabilities / Total assets = (29.613 + 25.382) / 101.964 = 0.54 (2.d.p) Cash flow on total assets = Net cash flow from operating activities / Average total assets = 4.717 / 101.964 = 0.05 (2.d.p) For Financial year 2022: Current ratio = Current assets / Current liabilities = 49.476 / 32.754 = 1.51 (2.d.p) Debt-to-equity = Total liabilities / Total equity = (32.754 + 27.625) / 46.732 = 1.29 (2.d.p) Return on total assets = Net profit / Average total assets = (-0.336) / 107.111 = -0.003 (3.d.p) Profit margin ratio = Net profit / Net sales = (-0.336) / 115.56 = -0.003 (3.d.p) Debt-to-asset…
5. Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Asset Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%)*
19 - Which of the following is the account in which the net loss after tax for the operating period of the business is followed in the balance sheet ? a) 542 Extraordinary Reserves Hs. B) 591 Net Loss for the Period Hs. NS) 540 Legal Reserves Hs. D) 541 Status Reserves Hs. TO) 590 Net Profit for the Period Hs.
Financials of B Ltd are as follows. 10% Debt 6500; Tax 35%. Find cost of Debt. a. 5.60% b. 6.50% c. 7.50% d. 5.70%
Selected ratios formulars Unilever 2021 BOPP 2021 ROCE PBIT / net assets * 100 (32,424/39,406 *100 = - 82% 102,154 / 192,758 *100 =53% Net Assets Turnover Revenue / Net Assets 526,912 / 39,406 = 13 times 214,174 / 192,758 = 1 time Gross Profit Margin Gross profit / revenue *100 97,046 / 526,912 *100 18.4% 115,462 / 214,174 * 100 54% Net Profit Before Tax PBT / revenue * 100 (35,005) / 526,912* 100 = -6.6% 104,778 / 214,174* 100 =48.9% Current Ratio Current assets / current liabilities 214,665/341,171 = 0.5 139,104 / 30,368 = 4.5 Quick Ratio Current assets – inventory / current liabilities 214,665-91,627 /341,171 = 0.4 139,104 -13,248/ 30,368 = 4.1 Inventory Days Inventory / cost of sales * 365 days 91,627/ 429,866 *365 = 77 days 13,248 / 101,397 *365 = 47 days Receivable Days Receivables / cost of sales * 365 days 24,515 / 429,866 *365 =20 days 92,860 / 101,397 *365 =334 days Payable Days…
Total fixed assets 31420 OMR Total long term liabilities 9970 OMR Total current assets 18930 OMR Total current liabilities 4765 OMR Shareholders’ funds 35615 OMR Capital employed 45585 OMR Gross profit 175000 OMR Net profit 113950 OMR Return on capital employed 25% Current ratio 3.97 Liquid ratio 3.34 Return on Equity 3.191 Gross Profit Margin 53,03% Net Profit Margin 34.53% Q/Give a brief report on the financial position of the company based on the above figures?
Using this data, compute the company’s value of interest coverage ratio:Net Income: 140Income tax expense: 110Interest expense: 50a) 6b) 3.75c) 4.75d) 6.25
Income statement 2018 ( Mkr ) Revenue 95840 Operating expenses -94870 Operating profit 970 Interest income 50 Interest expenses -1550 Profit before tax -530 Tax 0 Net result -530 Balance sheet 20181231 ( Mkr) Total assets 65690 Equity 2910 Loan 25740 Non-interest bearing Liabilities 37040 Let us first study some financial key figures: a) What capital turnover rate did Thomas Cook create in 2018?ggr b) What was the debt / equity ratio of Thomas Cook 20181231?ggr c) What return on equity (RE) after tax did the company create in 2018?% Let us now assume that we are at the last board meeting in December 2018 and that financial targets for 2019 are discussed. Any profitability targets are set on opening balances for 2019. The Board (owners) are concerned about the financial balance and want an increase in the equity / assets ratio by one percentage point. The goal is expected to be reached in 20191231. However, the…
Iris Balance Sheet Accounts Payable Accruals 65 Accunts Receivable 65 Accumulated Depreciation (175) Cash 29 Common Stock 120 Fixed Assets (gross) 390 Inventory 121 Long-Term Debt 200 Retained Earnings 65 What is Iris Inc.'s total assets?
2019: Profit Margin – Profit $1435 / Net Sales $38,464 = 0.037:1 OR 3.7% Working Capital – Current Assets $3406 - Current Liabilities $4291 = -885 Current Ratio – Current Assets $3406 / Current Liabilities $4291 = 0.79:1 OR $0.79 Current Cash Debt Coverage – Net Cash Provided by Operation Activities $2275 / Average Current Liabilities $8781.50 = 0.26:1 OR 0.26 Average Current Liabilities Calculation: 4291 + 8981 / 2 = 8781.50 Debt to Total Assets Ratio – Total Liabilities 4291 + 2129 = 6420 / Total Assets 3406 + 6371 = 9777 = 0.66:1 OR 0.66 Cash Debt Coverage – Net Cash Provided by Operation Activities $2275 / Average Total Liabilities 11,067.25 = 0.21:1 OR 0.21 Average Total Liabilities Calculation: 6420 + 9295 / 2 = 11,067.25 Return on Assets – Profit 1435 / Average Total Assets 11,160.50 = 0.128:1 OR 12.8% Average Total Assets Calculation: 9777 + 12544 / 2 = 11,160.50 2020: Profit Margin – Profit $978 / Net Sales $37,784 = 0.025:1 OR 2.5% Working Capital – Current Assets $3779 -…
Total interest income $140 Provision for loan losses $5 Total interest expenses $100 Income taxes 4 Total noninterest income $75 Increases in bank’s undivided profits $6 Total noninterest expenses $90 Please calculate these items: Net interest income Net noninterest income Pretax net operating income Net income after taxes Total operating revenues Total operating expenses Dividends paid to common stockholders
5. The followings ate the information about Rainbow National Bank:Report of Income Tk.Interest income 1,250Interest expense 500Total assets 40,000Securities losses or gains 1,000Earning assets 30,000Total liabilities 30,000Taxes paid 1,000Shares of common stock outstanding 3,000Noninterest income 8,000Noninterest expense 6,000Provision for loan losses 2,500Calculate ROE, ROA, Net interest margin, Earnings per share, Net noninterest marginand Net operating margin.Alternative Scenarios:Suppose interest income, interest expenses, noninterest income, and noninterestexpenses each decline by 5 percent while all other revenue and expense items shown inthe preceding table remain unchanged. What will be happen to Rainbow ROE, ROA,and earnings per share?