For the year ended December 31, 2019, Settles Inc. earned an ROI of 9.6%. Sales for the year were $16 million, and average asset turnover was 2.4. Average stockholders' equity was $3.2 million.Required: Calculate Settles Inc.'s margin and net income. (Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000.) Calculate Settles Inc.'s return on equity. (Round your answer to 1 decimal place.)

Q: Paladin Furnishings generated $4 million in sales during 2021, and its year-end total assets were…

A: Calculation of growth rate Self support Growth rate = {[Profit Margin * Retention ratio * Sales]} /…

Q: The Malia  Corporation had sales in 2019 of $65 million, total asswets of $42 million, and total…

A: Given:Sales=$65 million in year 2019Assets = $42 millionOperating profit margin = 12%Liabilities =…

Q: During the current year, Sokowski Manufacturing earned income of $360,000 from total sales of…

A: Sales margin formula = Income earned/Total sales = $360,000 /$6,000,000

Q: In its 2017 annual report, Campbell Soup Company reports beginning-of-the-year total assets of…

A: Calculate the Average total assets:

Q: Manufacturing Inc. reported sales of $743,000 at the end of last year, but this year, sales are…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: Cardinal Industries had the following operating results for 2018: Sales = $34,318; Cost of goods…

A: In this question we need to compute net income for 2018 , operating cash flow for 2018 , cash flow…

Q: What is the acid-test ratio?

A: Acid test ratio is a financial ratio that helps an entity to assess if it is able to meet its…

Q: During the current year, Sokowski Manufacturing earned income of $446,500 from total sales of…

A: Please find the answer to the above question below:

Q: During 2020, Best Corporation had cash and credit sales of $36,420 and $18,560, respectively. The…

A: Solution: Accrual basis net income for the year ended Dec 31, 2020 = Total sales - Operating…

Q: At year-end 2018, total assets for Arrington Inc. were$1.8 million and accounts payable were…

A: Part (a): Calculation of total liabilities in 2018: Answer: Total liabilities is $825,000 Formulas…

Q: During the current year, Sokowski Manufacturing earned income of $786,500 from total sales of…

A: Please find the answer to the above question below:

Q: At year-end 2020, RWD Inc.’s total assets were $1.2 million and its accounts payable were $375,000.…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The following information for Ford Company for the year 2019 has been assembled:  Market value at…

A: Given information : Market value at December 31, 2019 :  $600,000 Total liabilities : $100,000 Debt…

Q: The company had a 40% dividend payout ratio in 2019.  If Bowles wants to maintain this payout ratio…

A:

Q: SABM Co. reported net income of P2,100,000 for 2020 . It incurred operating expenses other than…

A: Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This…

Q: Find the following ratios for Motorola Credit Corporation’s annual report (round to the nearest…

A: The ratio refers to determining the relation between two figures. In accounting, ratios are…

Q: Cold Duck Manufacturing Inc. reported sales of $743,000 at the end of last year, but this year,…

A: Additional Funds Needed(AFN) represents the amount of money that company is required to raise from…

Q: What were Ant's total liabilities in 2019? Write out your answer completely. For example, 25 million…

A: Liabilities refers to the obligation on any individual or a company to pay the amount borrowed from…

Q: a. What were ABC’s total long-term debt and total liabilities in 2020? b. How much additional fund…

A: Long-term debt of a company are the total borrowings that a company has acquired having a maturity…

Q: Last year, Hassan's Madhatter, Inc. had an ROA of 6 percent, a profit margin of 12.80 percent, and…

A: The provided information are: ROA = 6% Profit margin = 12.80% Sales = $15 Million

Q: During the current year, Sokowski Manufacturing earned income of $327,600 from total sales of…

A: Sales margin means profit earned from the revenue generated from the sale of the goods or services.…

Q: For the year ended December 31, 2019, Settles Inc. earned an ROI of 8.0%. Sales for the year were…

A: Formula: ROI = Net income / Average total Assets Division of Net income with Average total Assets…

Q: The Booth Company's sales are forecasted to double from $1,000 in 2019 to $2,000 in 2020. Here is…

A: AFN is used in the business for the purpose of expanding it.

Q: Swiss Group reports net income of $40,000 for 2019. At the beginning of 2019, Swiss Group had…

A: Return on Assets (ROA) - It is indicated the effectiveness of the generating revenue from the total…

Q: for the year ending december 31 2019, settles inc. eanred an ROI of 8.8%. Sales for the year were 16…

A: Net income: Net income is the excess amount of revenue after deducting all the expenses of a…

Q: At year-end 2015, Wallace Landscaping’s total assets were $1.9 million and its accounts payable were…

A: To meet the business financial needs and operate the business, companies raise the funds from…

Q: Paladin Furnishings generated $4 million in sales during 2018, andits year-end total assets were…

A: The question is based on the concept of  Additional funds needed (AFN) and Self sustaining growth…

Q: The Crane Company has disclosed the following financial information in its annual reports for the…

A: Cash flow from operating activities is the cash inflow and outflow which has resulted from the…

Q: During 2020, Reliable Corporation had cash and credit sales of $21,760 and $15,225, respectively.…

A: As per accrual basis of accounting, revenues and expenses are recognized when they are accrued…

Q: Stackhouse Industries had the following operating results for 2020: sales = $54,510; cost of goods…

A: Answer a. Earnings before interest and tax(EBIT) = Sales - Cost of Goods Sold - Depreciation Expense…

Q: For 2018, Bargain Basement Stores reported $11,500 of sales and $5,000 of operating costs (including…

A: Sales= $11,500 Operating Costs= $5,000 Invested Capital= $20,500 WACC= 8% Tax rate= 40% EVA=?

Q: At year-end 2019, Waqar Pharma’s total assets were $3.25 million and itsaccounts payable were…

A: The following calculations are done in the records of Waqar Pharma for the increase and decrease in…

Q: During the current year, Sokowski Manufacturing earned income of $270,000 from total sales of…

A: Sales margin Formula = Income earned/Total sales

Q: BCD Company had sales Revenue of $500,000 for the year 2019. Its cost of goods sold was $240,000,…

A: Income statement: All revenues and expenses of the company generated or incurred for the period are…

Q: Gibson Corporation’s balance sheet indicates that the company has $580,000 invested in operating…

A: Given that: Invested assets = $580,000 Operating Income = $67280 Sales = $11,60,000

Q: Laflamme Inc. had the following operating results for 2018: sales $30,660, cost of goods sold =…

A:

Q: Blue Co., a firm that is operating at full capacity, has a balance sheet as of December 31, 2021,…

A: Additional financing needed(EFN) =increases in total assets-spontaneous increases in current…

Q: Bowles Inc. is prepared to report the following income statement (shown in thousands  of dollars)…

A: Answer 5) In the given case, Company is interested to expand its business operations which require a…

Q: Berman & Jaccor Corporation's current sales and partial balance sheet are shown below.     This…

A: Operating assets: The  operating assets are those assets which are used in its day to operations…

Q: 1. ABC Had sales of P12,000,000 of which all were on credit. Its operations resulted to a gross…

A: Gross profit = Credit Sales × Gross profit ratio=P 12,000,000 × 60%=P 7,200,000 Cost of goods sold…

Q: Swiss Group reports net income of $40,000 for 2019. At the beginning of 2019, Swiss Group had…

A: Return on assets: It refers to a financial ratio that measures the percentage of total returns…

Q: Brooks Sporting Inc. is prepared to report the following 2019 income statement (shown in thousands…

A: Given information :- Company outstanding share         333,000 Current market price(P0 )     $41…

Q: During the current year, Sokowski Manufacturing earned income of $396,900 from total sales of…

A: Formula: Sales margin = Earned income / Total sales.

Q: At year-end 2021, Wallace Landscaping's total assets, all of which are used in operations, were…

A: Total Assets: Total Assets are the amounts reported in company's balance sheet in the secondary head…

Q: Company prepared the following income statement for the year 2020:                   Sales…

A: Income statement is a statement that shows the total incomes and expenditure incurred or generated…

Q: Fanning Corporation's balance sheet indicates that the company has $550,000 invested in operating…

A: Fanning corporation's Company invested in operating assets = $550000 During 2018, Operating income…

Q: At year-end 2020, RWD Inc.’s total assets were $1.2 million and its accounts payable were $375,000.…

A: Firm requires an additional funds to grow. Requirement of additional fund is depends on present…

Q: GHIST Co. reported a net income of P2,100,000 for 2020. It incurred operating expenses other than…

A: Relationship between Operating Expense and Gross Profit Cost of sales = Net sales - Gross profit We…

Q: Northern Systems reported the following financlal data (in millions) In its annual report: 2018 2019…

A: Return on assets ratio = Net income / Average Assets Assets turnover ratio = Sales / Average Assets…

Q: The following figures and ratios are related to a company: Credit sales for the year- ₹ 30,00,000…

A: The balance sheet is one of the financial statement that is used to report all the assets,…