Data from the financial statements of Albi Foods and Unimart, Inc., two national grocery chains are presented below: Albi Foods Unimart, Inc. Total liabilities, 2021 $43,610 $23,817 Total liabilities, 2020 48,239 21,935 Total assets, 2021 64,743 29,652 Total assets, 2020 67,582 32,589 Revenue, 2021 200,693 81,494 Net income, 2021 ... 2,312 1,062 To the nearest hundredth, what is the 2021 debt-to-equity ratio for Albi Foods?
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- Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). TargetCorporation Wal-MartStores, Inc. Income Statement Data for Year Net sales $66,400 $414,000 Cost of goods sold 45,000 302,000 Selling and administrative expenses 15,500 81,000 Interest expense 650 1,900 Other income (expense) (80 ) (400 ) Income tax expense 1,400 7,300 Net income $ 3,770 $ 21,400 Balance Sheet Data(End of Year) Current assets $17,000 $47,000 Noncurrent assets 26,700 120,000 Total assets $43,700 $167,000 Current liabilities $11,000 $56,000 Long-term debt 16,800 45,000 Total stockholders’ equity 15,900 66,000 Total liabilities and stockholders’ equity $43,700 $167,000…The table below contains selected financial information from recent financial statements of KBI Toys and Little Tikes Adventure Toys, Inc., two toy manufacturing companies ($ in thousands): KBI Toys Little Tikes 12/31/2021 12/31/2020 12/31/2021 12/31/2020 Net sales $ 80,622 $ 72,120 $ 63,480 $ 68,900 Cost of goods sold 58,900 53,800 40,786 46,325 Year-end inventory 7,400 6,900 5,800 6,300 Required:Calculate the 2021 gross profit ratio, inventory turnover ratio, and the average days in inventory for the two companies. (Round "Inventory turnover" answer to two decimal places.) KBI TOYS Little Tikes Gross Profit Ratio % % Inventory Turnover Average Days in Inventory. days daysHere are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Bramble Company Debra company 2022 2021 2022 2021 Net sales $1,896,000 $561,000 Cost of goods sold 1,020,048 297,330 Operating expenses 257,856 79,662 Interest expense 7,584 3,927 Income tax expense 54,984 6,171 Current assets 322,500 $310,000 83,500 $78,000 Plant assets (net) 520,800 500,300 139,800 123,000 Current liabilities 64,200 75,600 34,400 29,600 Long-term liabilities 108,400 90,400 28,400 26,000 Common stock, $10 par 498,000 498,000 122,500 122,500 Retained earnings 172,700 146,300 38,000 22,900 (a) Prepare a vertical analysis of the 2022 income statement data for Bramble Company and Debra Company. (Round…
- Here are comparative financial statement data for Bramble Company and Debra Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Bramble Company Debra Company 2022 2021 2022 2021 Net sales $1,896,000 $561,000 Cost of goods sold 1,020,048 297,330 Operating expenses 257,856 79,662 Interest expense 7,584 3,927 Income tax expense 54,984 6,171 Current assets 322,500 $310,000 83,500 $78,000 Plant assets (net) 520,800 500,300 139,800 123,000 Current liabilities 64,200 75,600 34,400 29,600 Long-term liabilities 108,400 90,400 28,400 26,000 Common stock, $10 par 498,000 498,000 122,500 122,500 Retained earnings 172,700 146,300 38,000 22,900 Compute the 2022 return on assets and the return on common stockholders’ equity ratios for both companies. (Round answers to 1 decimal…Here are comparative financial statement data for Bonita Company and Linda Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Bonita Company Linda Company 2022 2021 2022 2021 Net sales $1,836,000 $561,000 Cost of goods sold 1,029,996 297,330 Operating expenses 269,892 79,662 Interest expense 9,180 4,488 Income tax expense 53,244 6,171 Current assets 326,500 $310,300 83,200 $78,000 Plant assets (net) 519,000 499,100 139,200 125,700 Current liabilities 65,000 75,600 36,200 29,600 Long-term liabilities 107,600 89,800 28,800 24,400 Common stock, $10 par 505,000 505,000 116,000 116,000 Retained earnings 167,900 139,000 41,400 33,700 Compute the 2022 return on assets and the return on common stockholders’ equity ratios for both companies. (Round…Data from the financial statements of Kroger King and SuperDeal Inc. are presented below (in millions): Kroger King SuperDeal Inc. Total liabilities, 2019 $18,261 $13,549 Total liabilities, 2018 18,052 15,023 Total assets, 2019 23,093 16,436 Total assets, 2018 23,257 17,604 Net sales, 2019 76,733 40,851 Net income, 2019 70 883 To the nearest hundredth of a percent, what is the 2019 profit margin for SuperDeal, Inc.? Select one: a. 2.39% b. 2.90% c. 2.16% d. Not enough information is provided
- Here are comparative financial statement data for Bramble Company and Maria Company, two competitors. All data are as of December 31, 2022, and December 31, 2021. Bramble Company Maria Company 2022 2021 2022 2021 Net sales $1,824,000 $559,000 Cost of goods sold 1,050,624 296,829 Operating expenses 269,952 79,937 Interest expense 7,296 4,472 Income tax expense 54,720 6,708 Current assets 329,000 $312,100 82,300 $78,900 Plant assets (net) 520,800 499,700 140,700 125,100 Current liabilities 65,000 74,200 34,400 29,000 Long-term liabilities 108,400 92,000 30,800 25,200 Common stock, $10 par 495,500 495,500 122,500 122,500 Retained earnings 180,900 150,100 35,300 27,300Uma Foodstuff Ltd. is a large chain of food stores. The financial statements for Uma Ltd. are given below. Income statement for the year ended 31 December 2021 2020 $m. $m. Revenue 145,000 160,000 Cost of sales 86,000 91,200 Gross profit 59,000 68,800 Selling and distribution expenses 17,500 17,600 Administrative expenses 7,500 6,400 Operating profit 34,000 44,800 Interest expense 2,000 400 Profit before taxation 32,000 44,400 Income tax expense 6,400 8,880 Net profit 25,600 35,520 Statement of financial position as at 31 December 2021 2020 $m. $m. ASSETS Non-current assets Land and buildings 40,000 68,600 Equipment 34,000 35,000 74,000 103,600 Current assets Inventories 20,000 12,000 Trade receivables 4,000 2,000 Cash 4,000 7,000…How to compute this problem? Problem:The data shown below were obtained from the financial records of the BST Corporation for the year ended December 31, 2020. Sound Break CorporationIncome and Retained Earnings StatementFor the year Ended December 31, 2020Net Sales P1,000,000Cost of Goods Sold:Inventory, Dec. 31, 2019 P250,000Purchases 720,000Total Goods Available P970,000Inventory 220,000 750,000Gross Margin on Sales P 250,000Selling and Administrative (including Depreciation of P20,000) 125,000Net Income before Tax P 125,000Provision for Income Tax 35,000Net Income for the Year P 90,000Retained Earnings, beginning 130,000Total P 220,000Dividends Paid 30,000Retained Earnings, December 31, 2020 P 190,000 Sound Break CorporationBALANCE SHEETDecember 31, 2019 and 2020 ASSETS 2019 2020Current Assets:Cash P 75,000 P 85,000Marketable Securities 25,000 25,000Trade Receivables, net 185,000 245,000Inventory, at cost 250,000 220,000Prepaid Expenses 15,000 10,000Total Current Assets…
- Retail Corporation reported the following Income Statement for the past two years: Retail Corporation Comparative Income Statement For the Years Ended December 31, 2021 and 2020 2021 2020 Amount Amount Sales $ 30,100,100 $ 26,210,200 Cost of goods sold 22,425,500 18,950,800 Gross profit 7,674,600 7,259,400 Selling expenses 1,525,500 1,480,600 Administrative expenses 1,425,300 1,325,000 Total operating expenses 2,950,800 2,805,600 Income from operations 4,723,800 4,453,800 Interest Expense 190,500 210,600 Other income 62,500 55,500 Income before income tax 4,595,800 4,298,700 Income tax expense 1,608,500 1,312,400 Net income $ 2,987,300 $ 2,986,300 a. What was Retail…Retail Corporation reported the following Income Statement for the past two years: Retail Corporation Comparative Income Statement For the Years Ended December 31, 2021 and 2020 2021 2020 Amount Amount Sales $ 30,100,100 $ 26,210,200 Cost of goods sold 22,425,500 18,950,800 Gross profit 7,674,600 7,259,400 Selling expenses 1,525,500 1,480,600 Administrative expenses 1,425,300 1,325,000 Total operating expenses 2,950,800 2,805,600 Income from operations 4,723,800 4,453,800 Interest Expense 190,500 210,600 Other income 62,500 55,500 Income before income tax 4,595,800 4,298,700 Income tax expense 1,608,500 1,312,400 Net income $ 2,987,300 $ 2,986,300 b. Did Retail…The data shown below were obtained from the financial records of the BST Corporation for the year ended December 31, 2020. Sound Break CorporationIncome and Retained Earnings StatementFor the year Ended December 31, 2020Net Sales P1,000,000Cost of Goods Sold:Inventory, Dec. 31, 2019 P250,000Purchases 720,000Total Goods Available P970,000Inventory 220,000 750,000Gross Margin on Sales P 250,000Selling and Administrative (including Depreciation of P20,000) 125,000Net Income before Tax P 125,000Provision for Income Tax 35,000Net Income for the Year P 90,000Retained Earnings, beginning 130,000Total P 220,000Dividends Paid 30,000Retained Earnings, December 31, 2020 P 190,000 Sound Break CorporationBALANCE SHEETDecember 31, 2019 and 2020 ASSETS 2019 2020Current Assets:Cash P 75,000 P 85,000Marketable Securities 25,000 25,000Trade Receivables, net 185,000 245,000Inventory, at cost 250,000 220,000Prepaid Expenses 15,000 10,000Total Current Assets P550,000 P585,000Property and Other…