For each independent situation below, calculate the missing values. Net Income/ Revenues Expenses Gains Losses (Loss) $1,250 $1,000 $125 $90 $101,615 $0 $1,650 $(445) $74,500 $6,500 $1,550 $7,750 $26,000 $310 $640 $(1,040) $873,300 $858,000 $14,000 $29,300
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- - Use the following facts to calculate Return on Assets: Ending Total Assets = $825,000; Beginning Total Assets = $425,000; Earnings before interest and taxes (EBIT) - $200,000; Tax Expense = $31,000; and Interest Expense = $26,000.The following are the financial information of Kerung company: NOPAT 8,250,000 EBITDA 17,725,000 Net income 5,050,000 Capital expenditures 6,820,000 Tax rate 40% DO NOT ROUND OFF DURING COMPUTATIONS 1. Calculate the company's depreciation and amortization expense 2. Calculate its interest expense (2 decimal places) 3. Calculate its EVA (2 decimal places)The following information is provided for Cullumber Company and Bramble Corporation. (in $ millions) Cullumber Company Bramble Corporation Net income 2022 $145 $415 Net sales 2022 1755 4610 Total assets 12/31/20 1025 2330 Total assets 12/31/21 1260 3000 Total assets 12/31/22 1150 4080 What is Bramble's return on assets for 2022? (Round answer to 1 decimal place, e.g. 15.2.) 11.5% 13.8% 10.2% 11.7%
- Branch Corp.'s total assets at the end of last year were $310,000 and its net income after taxes was $22,750. What was its return on total assets? Select the correct answer. a. 8.34% b. 7.34% c. 6.84% d. 7.84% e. 6.34%Helo Company has provided the following data: Sales, P5,000,000; Interest expense, P30,000; Total assets, beginning of the year, P185,000; Total assets, end of the year, P215,000; Return on assets, 15.5%; Tax rate, 30%. What is the net income of Helo Co.? show solutionsDetermine the missing amount Assets Liabilities Equity Revenues Expenses 150,000 75,000 ? 15,000 10,000 115,000 25,000 65,000 ? 76,000
- Averill Products Inc., reported the following on the company's income statement in 20Y8 and 20Y9: 20Y9. 20Y8 Interest Expense $440,000. $400,000 20Y9. 20Y8 Income before income tax expense. 5,544,000. 4,400,000 Time Interest earned. 20Y9 (fill the blank) 20Y8 (fill the blank)The income statement of ABL shows other operating expenses of R30 million; prepaid insurance expense increased by R4 million; and accrued utilities payable decreased by R7 million. How much did the company pay in other operating expenses? Select one: a. R27 million b. R19 million c. R33 million d. R41 millionUsing the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and Current Year, and then answer the questions that are below. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Prior Year Current Year Revenue $4,000 5600 Cost of Good Sold 1,600 2,520 Depreciation 500 525 Inventory 300 340 SG&A 500 580 Interest Expenses 150 172 Common Stock and Paid-in Capital 2,200 2,200 Federal and State Taxes (35% of EBT) 400 Accounts Payable 300 340 Accounts Receivable 400 450 Net Fixed Assets 5,000 5000 Retained Earnings (Balance Sheet) 1,000 Long-Term Debt 2,000 2500 Notes Payable 1,000 950 Dividends Paid 410 410 Cash 800 Income Statement Questions: What is SinCo's EBITDA for the current year? What is SinCo's EBIT for the current year? What is SinCo's Net Income for the current year? Balance Sheet Questions: What is SinCo's current year's Retained Earnings…
- Fill in thr blanks on the table below and show the formulas used for each value Dayton, Inc. Annual Income Statement (Values in Millions) Common Size 2019 2018 2019 2018 Sales $ 178,909 $ 187,510 100.0% 100.0% Cost of Sales 111,631 59.5% Gross Operating Profit $ 75,879 40.5% Selling, General & Admin. Expense 12,900 6.9% Other Expenses 33,377 17.8% EBITDA $ 29,602 15.8% Depreciation & Amortization 7,944 4.2% EBIT $ 21,658 11.6% Other Income, Net 3,323 1.8% Earnings Before Interest and Taxes $ 24,981 13.3% Interest Expense 293 0.2% Earnings Before Taxes $ 24,688 13.2% Income Taxes 5,184 0.21 tax rate Net Income Available to Common $ 19,504 10.4% Dividends per share $ 1.15 $ 0.91 EPS…The following financial information is given. Year 1 Year 2 Book value of assets $18,000 $26,000 Market value of equity 18,000 60,000 12 months ended Year 1 12 months ended Year 2 Sales $ 1,000 $ 1,300 Cost of goods sold 500 700 Operating income 500 600 Depreciation expense 200 200 Interest expense 100 100 Pretax income 200 300 Income tax expense 80 120 Net income $ 120 $ 180 Using a common-size income statement, did operating income and net income increase or decrease? Operating income Net income A. Increased Decreased B. Decreased Decreased C. Decreased Increased D. Increased IncreasedYour answer is partially correct. Try again. For its fiscal year ending October 31, 2022, Grouper Corp. reports the following partial data shown below. Income before income taxes $464,400 Income tax expense (20% × $361,200) 72,240 Income from continuing operations 392,160 Loss on discontinued operations 103,200 Net income $288,960 The loss on discontinued operations was comprised of a $43,000 loss from operations and a $60,200 loss from disposal. The income tax rate is 20% on all items.Prepare a correct statement of comprehensive income, beginning with income before income taxes.
