Constantine Corporation has net income of P11.44 million and net revenue of P80 million in 2012. Its assets are P14 million at the beginning of the year and P18 million at the end of the year. What are Constantine’s asset turnover and profit margin?

Constantine Corporation has net income of P11.44 million and net revenue of P80 million in 2012. Its assets are P14 million at the beginning of the year and P18 million at the end of the year. What are Constantine’s asset turnover and profit margin?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

See similar textbooks

Related questions

Q: Gibraltar Industries is a New York-based manufacturer of high-value-added steel products. In a…

A: Statement of cash flows form a part of financial statements and is prepared with a view to show the…

Q: Last year, Beecher Manufacturing had a 12.5% ROA, net income of $800,000, and net sales of…

A: Formula: Return on assets (ROA) = Net income / Average assets Asset turnover ratio = Net sales /…

Q: Calculate the following ratios : Total Asset Turnover (TAT). Debt Ratio (DR%).

A: Total Asset Turnover: This ratio is used by the investors to know the efficiency of companies using…

Q: Mo’s INC recently reported an EBITDA of $15 million and net income of $5.3 million. It had $3…

A: Depreciation refers to spreading the cost of fixed assets over their useful life. It includes all…

Q: Constantine Corporation has net income of P11.44 million and net revenue of P80 million in 2012. Its…

A: Assets turnover ratio means the amount of sales as compared to the average assets. Profit margin…

Q: Emery Mining Inc. recently reported $125,000 of sales, $75,500 of operating costs other than…

A: given, sales =$125,000 operating cost = $75,500 depreciation = $10,200 bond = $16500 interest rate =…

Q: Patterson Brothers recently reported a EBITDA of $7.5 million and net income of $2.625 million. It…

A: Depreciation is the decrease in the value of the fixed assets over the specific period of time due…

Q: Bulldogs Inc. has an earnings before interest and taxes of P4,750,000. The company’s total…

A: Operating profit is the profit after deducting all operating expenses from the operating revenues.…

Q: During the year, Belyk Paving Co. had sales of $2,380,000. Cost of goods sold, administrative and…

A: The operating income is the income of the company that is generated after all the operating expenses…

Q: Constantine Corporation has net income of P11.44 million and net revenue of P80 million in 2012. Its…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: What is the firm’s depreciation and amortization expense if its average tax rate is 34 percent

A: Depreciation is the systematic allocation of cost of a tangible asset over its useful life.…

Q: For 2018, Gourmet Kitchen Products reported $22 million of sales and $19 millionof operating costs…

A: Economic value added is used to determine the financial position of the company based on its…

Q: Papa Roach Exterminators, Inc., has sales of $659,000, costs of $275,000, depreciation expense of…

A: In this question we require to calculate the addition to retained earnings for Papa Roach…

Q: Babino Inc. had net sales of $55,400,000 for the year ended May 21, 2024 Its beginning and ending…

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: ABC Company reported in 2021 sales of P15,000,000, an asset turnover ratio of 3.0, and a rate of…

A: Asset turnover ratio = Sales/Average total assets Return on average assets = Net income/Average…

Q: NICO Corporation had net current assets of R2,000,000 at the end of 2010 and R1,800,000 at the end…

A: Net current assets is referred as an aggregate amount for all the current assets by subtracting an…

Q: Home Depot entered fiscal 2017 with a total capitalization of $21,907 million. In 2017, debt…

A: Introduction: The economic value-added (EVA) is calculated as incremental income over required by…

Q: Constantine Corporation has net income of P11.44 million and net revenue of P80 million in 2012. Its…

A: Given, In 2020 Net Income = P 11.44 million Net Revenue = P 80 million Beginning Assets = P 14…

Q: he Alabaster Corp. reported Net sales of 6.7 million,operating costs of 4.3 million, and…

A: Net income is the excess of revenue over all the operating and other expenses of the company…

Q: Jotun Paint Corporation reported net income $24,000, net sales $400,000, and average assets $600,000…

A: Solution:- Calculation of asset turnover ratio as follows under:-

Q: Useful Life Fixed Assets Cost Accounting Fiscal Land 2,000,000,000 1,800,000,000 50 Building Factory…

A: Deferred tax: Deferred tax is the tax effect of the timing difference. The difference between…

Q: Compute the rate of ROA for 2008 and disaggregate ROA into profit margin for ROA and asset turnover…

A: Calculate profit margin: Profit margin = Income + Interest expense ( 1- Tax) + Minority interest /…

Q: - XYZ Co its selected financial statements items are given as following. Total net sales equals to…

A: Formula and Meaning EBIDTA stands for Earnings before Interest, Depreciation, Tax expense and…

Q: LUGAW Inc. has an earnings before interest and taxes of P4,750,000. The company’s total depreciation…

A: Taxes = Earnings before interest and taxes x tax rate = P4,750,000 X 30% = P1,425,000

Q: jPhone, Inc., has an equity multiplier of 1.44, total asset turnover of 1.73, and a profit margin of…

A: In Finance, Du-point analysis is conducted while making investment decision because it helps to…

Q: Jones Corp. had a total asset turnover of 4.0 in 2019 and had sales of $10.0 million. If the…

A: Turnover = $ 10,000,000 Total asset turnover = 4.0 Total assets = Turnover/Total asset turnover…

Q: Home Depot reports net operating profit after tax (NOPAT) of $7,507 million in 2016. Its net…

A: Free cash flow to the firm = Net operating profit after tax + non cash expenditure - increase in…

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

A: As A part is scratched of so we are answering only B part based on given data.

Q: If for the most recent year, a firm's RNOA is 12.0%, its sales were $2,400,000, its asset turnover…

A: ROCE stands for "Return On Capital Employed". It is computed by dividing EBIT by the (total assets -…

Q: The Alabaster Corp. reported Net sales of 6.7 million,operating costs of 4.3 million, and…

A: Particulars Amount ($) Net Sales 6,700,000 Less: Operating costs (4,300,000) Less:…

Q: Patterson Brothers recently reported an EBITDA of $7.5 million andnet income of $2.1 million. It had…

A: Given information: EBIDTA is $7.5 million Net income is $2.1 million, Interest expense is $2.0…

Q: Dollar Inc. recently reported operating income (EBIT) of $3.25 million, depreciation of $0.56…

A: Free cash flow are the cash available with the company. The free cash flows helps in reducing the…

Q: OI Corporation, a manufacturer, has a gross sales of P90,000,000.00 for CY 2021, its fifth year of…

A: Solution: JOI Corporation, a manufacturer for CY 2021, Gross sales = P90000000 in its 5th year of…

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: In 2021, PacMan Inc. had a net operating profit after-taxes of P20,000,000 and an effective tax rate…

A: Operating profit is the operating revenues of the business after deducting operating expenses of the…

Q: Wal-Mart Stores, Inc. in 2014 reported net income of$16.4 billion, net sales of $482.2 billion, and…

Q: Last year ABC Corp had $10 million in operating income (EBIT). Its depreciation expense was $4…

A: a. EBIT is earnings before interest and taxes, which means depreciation as an operating expenses is…

Q: During 2010. Raines Umbrella Corp. had sales of $740,000. Cost of goods sold, administrative and…

A: Net income is the amount of money earned by an entity after deducting all the expense either…

Q: Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of…

A: Average Total assets = (Beginning Total assets + Ending Total assets) /2 = ($29 + $31) / 2 = $30…

Q: Rhia Company has sales of P1,250,000, cost of goods sold of P750,000, depreciation expenses of…

A: Sales 1250000 Less COGS 750000 Gross Profit 500000 Less Depreciation expense…

Q: The following information is provided for Sandhill Company and Indigo Corporation. (in $ millions)…

A: Return on assets: It can be defined as a financial ratio that measures the company’s profitability…

Q: During 2018, Raines Umbrella Corp. had sales of $800,000. Cost of goods sold, administrative and…

A: Answer and calculations are given below

Q: For 2018, gourmet kitchen products reported $22 million of sales & $19 million of operating costs…

A: A concept that helps to evaluate the financial performance of a company by deducting the overall…

Q: Patterson Brothers recently reported an EBITDA of $8.5 million and net income of $1.8 million. It…

A: Solution:- EBITDA Stands for:- Earnings before interest tax depreciation and amortization.

Q: A firm’s annual revenues are $850,000. Its expenses for the year are $615,000, and it claims…

A: Tax:- It is the amount which one pays to the government of the country as per prescribed rates or…

Q: In 2014, Angela Corporation has a net capital loss of $80,000. Angela Corp. also had net capital…

A: Capital loss: It implies to the sale of capital asset at a value that falls less than it's purchase…

Q: Cox Corporation recently reported an EBITDA of $58 million and $10 million of net income. The…

A: EBITDA - Depreciation and amortization = Earnings before Interest and Tax (EBIT)

Question

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Workings related to assets turnover ratio

VIEW

Step 2: Workings related to profit margin

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is 200,000. Moore is 100% equity financed, and it faces a 40% tax rate. What is the companys net income? What is its net cash flow?
Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net income of $40 million. Included in the income was interest expense of $2,800,000. The companys tax rate was 40%. Total assets were $470 million, current liabilities were $104,000,000, and $72,000,000 of the current liabilities are noninterest bearing. What are the invested capital and ROI for Macon?
ABC Company reported in 2021 sales of P15,000,000, an asset turnover ratio of 3.0, and a rate of return on average assets of 18 percent. The percentage of net income to sales is • 5% • 6% • 7% • 8% • None of the above
ATC Corporation had the following data in 2021: Revenues were P8,000,000, operating expenses totalled P7,200,000 that included depreciation of P150,000 and intangible asset amortization of P20,000. The profit and loss also reported unrealized loss on equity investments at fair market value through profit or loss of P18,000 and gain on sale of equipment of P28,000. How much is the net cash flow from operating activities?
NICO Corporation had net current assets of R2,000,000 at the end of 2010 and R1,800,000 at the end of 2009. In addition, NICO had net spontaneous current liabilities of R1,000,000 in 2010 and R1,500,000 in 2009. Using this information, NICO's net current asset investment for 2010 was?
The company’s total assets at year-end 2016 were CHF 131,900 million. What reasonable conclusions an analyst might make about the companies efficiency, Companies solvency, Liquidity and Profitability? In millions of CHF Notes 2018 2017 * Sales 3 91,439 89,590 Cost of goods sold (46,070) (45,571) Trading operating profit 3 13,789 13,277 Operating profit 13,752 10,156 Profit before taxes, associates and joint ventures 12,991 9,460 Taxes 13 (3,439) (2,773) Profit for the year 10,468 7,511 Notes 2018 2017 * Assets Current assets Cash and cash equivalents 12/16 4,500 7,938 Short-term investments 12 5,801 655 Inventories 6 9,125 9,177 Trade and other receivables 7/12 11,167 12,036 Total current assets 41,003 31,884 Total non-current assets 96,012…
Wal-Mart Stores, Inc. in 2014 reported net income of$16.4 billion, net sales of $482.2 billion, and averagetotal assets of $204.2 billion. What is Wal-Mart’s assetturnover? What is Wal-Mart’s return on assets?
Talbot Enterprises recently reported an EBITDA of $8 million and net incomeof $2.4 million. It had $2.0 million of interest expense, and its corporate taxrate was 40%. What was its charge for depreciation and amortization?
Suppose Torche Corporation has the following revenue and expenses for 2022: Revenues of $9,100,000 Cost of Goods Sold of $2,730,000 Depreciation Expenses of $500,000 Income Taxes of $1,672,000 Interest Expenses of $180,000 Other Expenses of $600,000 Sales, General, & Administrative Expenses of $910,000 Create an income statement with amounts in thousands What is the value of Earnings Before Interest & Taxes?
Last year, Beecher Manufacturing had a 12.5% ROA, net income of $800,000, and net sales of $1,600,000. Given these values, what was the firm's asset turnover ratio? a.) 0.45 b.) 0.25 c.) 0.50 d.) 0.20
he Alabaster Corp. reported Net sales of 6.7 million,operating costs of 4.3 million, and depreciation of $480,000 in2009. Their interest charges were $325,000. They had cash, accountsreceivable and inventories of $1.8 million, $5.6 million and $4.2million, respectively, at the end of 2009. At the end of 2008,those three accounts were $1.9 million, $4.5 million, and $3.4million respectively. Accounts payable and accruals were $3.0million and $1.4 million, respectively, at the end of 2009, whileat the end of 2008 they were $2.9 million and $1.3 million,respectively. Net plant and equipment was $12.8 million at the endof 2009 and $12.2 million at the end of 2008. Calculate Alabaster’sNet Income, Free Cash Flow and Return on Invested Capital for 2009.Assume a flat tax rate of 40%. How is the Free Cash Flowinterpreted? In other words, what does it measure?
Office Depot, Inc. is one of the largest suppliers of office products in the United States. Suppose it had net income of $738.7 million and sales of $50,000 million in 2020 Its total assets were $13,073.1 million at the beginning of the year and $13,717.3 million at the end of the year. What is Office Depot, Inc.’s (a) asset turnover and (b) profit margin? (Round to two decimals.) Provide a brief interpretation of your results.