Can you please help me Some recent financial statements for Earl Grey Golf Corp. follow.Current assetsCashAccounts receivableInventoryTotalFixed assetsNet plant and equipmentTotal assetsAssetsSalesCost of goods soldDepreciation2017Earnings before interest and taxInterest paidTaxable incomeTaxes (35%)Net incomeDividendsAdditions to retained earnings$ 24,04612,44825,392$ 61,886$324,695$386,581EARL GREY GOLF CORP.2017 and 2018 Statement of Financial Position$ 24,25515,23527,155$ 66,645EARL GREY GOLF CORP.2018 Statement of Comprehensive Income2018$365,734$432,379$20,00023,780Current liabilitiesAccounts payableNotes payableOtherTotalLiabilities and Owners' EquityLong-term debtOwners' equityCommon stock and paid-in surplusRetained earningsTotal$366,996253,12232,220$ 81,65414,300$ 67,35423,574$ 43,780Total liabilities and owners' equity2017$ 23,18412,00011,571$ 46,755$ 80,000$ 40,000219,826$259,826$386,5812018$ 27,42010,80015,553$ 53,773$ 95,000$ 40,000243,606$283,606$432,379 The company's profit margin Ispercent. (Use year-end figures rather than average values where appropriate. Do notInclude the percent sign (%). Round the final answer to 2 decimal places.)times. (Round the final answer to 3 decimal places.)(Round the final answer to 2 decimal places.)Total asset turnover IsEquity multiplier isUsing the Du Pont Identity, the company's ROE ISdecimal places.)percent. (Do not Include the percent sign (%). Round the final answer to 2

Ratio analysis is a method of financial analysis that involves the calculation and comparison of the…

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Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter5: Accounting For Retail Businesses

Section: Chapter Questions

Problem 5MAD: Analyze Home Depot The Home Depot (HD) reported the following data (in millions) in its recent...

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Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Return on total assets
Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Ratio of fixed assets to long-term liabilities
Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): The percent a company adds to its cost of sales to determine selling price is called a markup. What is Tootsie Roll’s markup percent? Round to one decimal place.
Analyze Home Depot The Home Depot (HD) reported the following data (in millions) in its recent financial statements: a. Determine the asset turnover ratio for Home Depot for Year 2 and Year 1. Round to two decimal places. b. What conclusions can be drawn from these ratios concerning the change in the ability of Home Depot to effectively use its assets to generate sales?
Return on assets The following data (in millions) were adapted from recent financial statements of Tootsie Roll Industries Inc. (TR): What is Tootsie Roll’s percent of the cost of sales to sales? Round to one decimal place.
Some recent financial statements for Smolira Golf, Incorporated, follow. Assets Current assets Cash Accounts receivable Inventory Total Fixed assets Net plant and equipment Total assets Sales Cost of goods sold Depreciation EBIT Interest paid Taxable income Taxes SMOLIRA GOLF, INCORPORATED 2022 Income Statement Net income Dividends Retained earnings 2021 Short-term solvency ratios a. Current ratio b. Quick ratio c. Cash ratio Asset utilization ratios d. Total asset turnover e. Inventory turnover f. Receivables turnover Long-term solvency ratios g. Total debt ratio h. Debl-equity ratio. 1. Equity multiplier j. Times interest earned ratio $ 3,031 4,737 12,598 $20,366 $ 54,277 $ 74,643 SMOLIRA GOLF, INCORPORATED Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners' Equity Current liabilities Accounts payable 2021 $ 188,570 126,803 5,273 $ 56,494 1,370 $ 55,124 19,293 $ 35,831 $ 11,965 23,866 times times times $ 3,007 5,721 13,722 $ 22,450 times times times $ 79,709…
A comparative balance sheet and an income statement for Rowan Company are given below: Rowan CompanyComparative Balance Sheet(dollars in millions) EndingBalance BeginningBalance Assets Current assets: Cash and cash equivalents $ 70 $ 91 Accounts receivable 536 572 Inventory 620 580 Total current assets 1,226 1,243 Property, plant, and equipment 1,719 1,656 Less accumulated depreciation 640 480 Net property, plant, and equipment 1,079 1,176 Total assets $ 2,305 $ 2,419 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 205 $ 180 Accrued liabilities 94 105 Income taxes payable 72 88 Total current liabilities 371 373 Bonds payable 180 310 Total liabilities 551 683 Stockholders' equity: Common stock 800 800 Retained earnings 954 936 Total…
A comparative balance sheet and an income statement for Rowan Company are given below: Rowan CompanyComparative Balance Sheet(dollars in millions) EndingBalance BeginningBalance Assets Current assets: Cash and cash equivalents $ 70 $ 91 Accounts receivable 536 572 Inventory 620 580 Total current assets 1,226 1,243 Property, plant, and equipment 1,719 1,656 Less accumulated depreciation 640 480 Net property, plant, and equipment 1,079 1,176 Total assets $ 2,305 $ 2,419 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 205 $ 180 Accrued liabilities 94 105 Income taxes payable 72 88 Total current liabilities 371 373 Bonds payable 180 310 Total liabilities 551 683 Stockholders' equity: Common stock 800 800 Retained earnings 954 936 Total…
A comparative balance sheet and an income statement for Rowan Company are given below: Rowan CompanyComparative Balance Sheet(dollars in millions) EndingBalance BeginningBalance Assets Current assets: Cash and cash equivalents $ 70 $ 91 Accounts receivable 536 572 Inventory 620 580 Total current assets 1,226 1,243 Property, plant, and equipment 1,719 1,656 Less accumulated depreciation 640 480 Net property, plant, and equipment 1,079 1,176 Total assets $ 2,305 $ 2,419 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 205 $ 180 Accrued liabilities 94 105 Income taxes payable 72 88 Total current liabilities 371 373 Bonds payable 180 310 Total liabilities 551 683 Stockholders' equity: Common stock 800 800 Retained earnings 954 936 Total…
Selected data derived from the income statement and balance sheet of National Beverage Co. for a recent year are as follows: Income statement data (in thousands):Net income$149,774Loss on disposal of property(149)Depreciation expense13,226Other items involving noncash expense837Balance sheet data (in thousands):Increase in accounts receivable13,041Increase in inventory7,565Increase in prepaid expenses10,548Increase in accounts payable and other current liabilities17,464 a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method for National Beverage Co. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Enter the amounts in thousands of dollars, as shown above. The company has earnings and net cash flow from operating activities. The increase in accounts receivable indicates a(n) in sales. In addition, the company is using its cash to decrease its…
Identify and Compute Net Operating Assets Following is the balance sheet for Lowe’s Companies Inc. LOWE’S COMPANIES INC. Consolidated Balance Sheet $ millions, except par value Feb. 1, 2019 Current assets Cash and cash equivalents $533 Short-term investments 227 Merchandise inventory—net 13,107 Other current assets 979 Total current assets 14,846 Property, less accumulated depreciation 19,234 Long-term investments 267 Deferred income taxes—net 307 Goodwill 316 Other assets 1,038 Total assets $36,008 Current liabilities Short-term borrowings $753 Current maturities of long-term debt 1,158 Accounts payable 8,639 Accrued compensation and employee benefits 691 Deferred revenue 1,356 Other current liabilities 2,530 Total current liabilities 15,127 Long-term debt, excluding current maturities 15,017 Deferred revenue—extended protection plans 863 Other liabilities 1,199 Total liabilities 32,206 Shareholders’ equity…
Given below is AU Chiefs Company’s financial statements. Compute for the financial rations and showthe solutions in a sheet of paper.1. Expenses to sale ratio2. Return on assets3. Return on Equity4. Asset Turnover ratio 2020 2019 Cash 122,500 104,700 Accounts Receivable 90,650 80,550 Inventory 66,200 53,000 Prepaid Expense 85,450 106,000 Total Current Assets 364,800 344,250 Property, Plant and Equipment 925,000 786,350 TOTAL ASSETS 1,654,600 1,475,350 Total Current Liability 381,500 423,350 Long-term Liabilities 359,900 230,600 Mabini, Capital 913,200 821,400 Total Liability and Equity 1,654,600 1,475,350 Sales 1,047,050 1,151,755 Cost of Sales 322,750 355,025 Gross Profit 724,300 796,730 Selling Expenses 353,250 388,575 Administrative Expenses 128,150 140,965 Operating Income 242,900 267,190 Interest Income…

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