Frezia Corp.'s total assets at the end of last year were P315,000 and its net income after taxes was P22,750. What was Frezia’s return on total assets? *   Choices:    7.58%       8.78%       7.22%       7.96%       8.36%

Q: Toodles Inc. had sales of $1,840,000. Cost of goods sold, administrative and selling expenses, and…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: The annual revenue, expenses, and depreciation for a company are $130,000; 32,000; and $12,000,…

A: Revenue = 130,000 Expenses = 32000 Depreciation = 12000 Tax Rate = 23%

Q: Arreaga Corp. has a tax rate of 20 percent and income before non-operating items of $1,392,000. It…

A: Increasing in prior year's income is reported on the retained earnings statement.   Income tax…

Q: . Great Products, Inc. reported the following on the company’s income statement in two recent years:…

A: Time Interest Earned Ratio: When a company's current revenue exceeds its debt commitments, the time…

Q: The Bookbinder Company had $550,000 cumulative operating losses prior to the beginning of last year.…

A: Note: Since you have posted a question with multiple sub-parts, we will solve first three subparts…

Q: For the fiscal year just ended, Doran Electronics had the following results. Net income…

A: Cash flows from operating activities: Cash flows from operating activities is part of Statement of…

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: The Johnson's Company had net income(after tax) = 500,000 USD, Johnson's Company's income statement…

A: Times Interest Earned is the ratio that depicts how many times the organization can cover its…

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: For the year ended December 31, Southern Supply had net sales of $3,875,000, costs and other…

A: Since multiple questions are posted, as per guidelines only the first question is answered…

Q: The Johnson's Company had net income (after tax) = 500,000 USD, Johnson's Company's income statement…

A: Times interest earned ratio is a ratio calculated to determine how many times the earnings available…

Q: In recent year Palestine Corporation had a net income of $12,500, interest expense of $2,500, and a…

A: Given: Net income = $12,500 Interest expense = $2,500 Times interest earned = 9

Q: Rappaport Corp.'s sales last year were $375,000, and its net income after taxes was $23,000. What…

A: Profit margin on sales is ratio of net profit on sales that is as follows: As per formula Profit…

Q: Staycate Travels Inc. reports a gross profit of $35,000, interest expense of $4,000, a tax rate of…

A: Formula used: Earnings after Tax = [ Gross profit - Interest expense - Depreciation expense ] x [ 1…

Q: Following is information from Soar Corporation for Year 6 ($ in millions).           Total revenue…

A: Net operating profit after tax also known as NOPAT can be calculated in following way.    Net…

Q: The Company reported post-tax profit of P491,400 for the year ended December 31, 2020.Cost of goods…

A: Profit before tax = post-tax profit / (1 - tax rate) = P491,400 / (1 - 0.30) = P702,000

Q: 2. Sohar Company had a 40 percent tax rate. Given the following pre-tax amounts, what would be the…

A: Income tax is a liability of every individual toupee to the government based on their taxable…

Q: Reynolds Corp's total assets at the end of last year were $300,000 and its net income after taxes…

A: The return on total assets (ROA) compares a company's total assets with the amount of money it…

Q: Last year, Emmy Company had a net income of P170,000, income tax expense of P37,000, and interest…

A: Times-interest earned ratio refers to the ratio which measures the ability of the company in meeting…

Q: Barbell Corporation’s income statement reports that the company’s “bottom line” was $180,000 last…

A: GIVEN, NET INCOME= $180,000 DEPRECIATION AND AMORTIZATION = $50,000 TAX = $120,000 NET CASHFLOW =…

Q: Armitage Inc. has earned gross receipts of about $10 million for the past 3 years. This year it…

A: Business interest expense for the year is that amount which is properly allocable to both an…

Q: Fragile Express Delivery Company’s earnings before interest and taxes (EBIT) was $725 million.…

A: NOPAT or net operating profit after taxes is calculated as EBIT less taxes on EBIT

Q: In the recent year Sheridan Company had net income of $207400, interest expense of $54000, and tax…

A: The question is multiple choice question  Required  Choose the Correct Option.

Q: LMM Company’s total assets at the end of last year were P405,000 and its earnings before interest…

A: Total assets = P405,000 EBIT = P52,500

Q: For its fiscal year ending October 31, 2022, Sarasota Corp. reports the following partial data shown…

A: The profitability status of the company can be arrived from the income statement prepared by the…

Q: A firm paid R800 000 in dividends over the last period. The beginning and ending retained earnings…

A: A firm paid R 800 000 in dividends over the last period. The beginning and ending retained earnings…

Q: At the end of last year, River Side Company achieved $9 million in revenues (EBITDA). Depreciation…

A: Net income:  It is often defined as the total earnings earned by a business during an accounting…

Q: Last year, Bad Tattoo Company had additions to retained earnings of $4,270 on sales of $94,090. The…

A: Depreciation is the reduction in the value of an asset over a useful life of the asset. It is an…

Q: The annual revenue, expenses, and depreciation for a company are $130,000; 32,000; and $15,000,…

A: Annual Revenue = 130,000 Expenses = 32,000 Depreciation = 15,000

Q: Staycate Travels Inc. reports a gross profit of $35,000, interest expense of $4,000, a tax rate of…

A: Gross profit (GP) = $ 35000 Interest expenses (I) = $ 4000 Tax rate (T) = 30% Profit after tax (PAT)…

Q: Ron Landscaping's income statement reports net income of $76,200, which includes deductions for…

A: The times interest ratio is a measure of a companies ability to meet its debt obligation based on…

Q: Susco had the following items this year:   Gross receipts $700,000 Operating expenses 500,000…

A: Long term capital losses of the business can only be set off against long term capital gains. But…

Q: G. R. Edwin Inc. had sales of $5.88 million during the past year. The cost of goods sold amounted to…

A: Tax liability is the amount of tax that a firm/individual needs to pay to the Government on its…

Q: XYZ co paid $520 in dividends and $711 in interest expense. The addition to retained earnings is…

A:

Q: Sprout Company reported the following on the company's income statement in two recent years:…

A: Time interest earned = (Income before interest and taxes/interest expense)

Q: Assume that Taco Bell company reported operating income of $5.15 million, $0.7 million in other…

A: Operating Income Add Other Income Less Other expenses and losses   Profit before taxes…

Q: The following year-end data pertain to Adan Corporation: Earnings before interest and taxes 800,000…

A: EBIT = 800,000 Current asset = 800,000 Non current asset = 3200,000 Current liability = 400,000…

Q: Raleigh Corp's total common equity at the end of last year was $300,000 and its net income after…

A: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by…

Q: he Johnson's Company had net income(after tax) = 500,000 USD, Johnson's Company's income statement…

A: Times Interest Earned:- It is a ratio that helps in calculating the debt-paying capacity of a…

Q: Rollins Corp's total assets at the end of last year were $300,000 and its EBIT was $75,000. What was…

A: BEP is calculated as the ratio of Earnings Before Interest and Taxes to Total Assets

Q: The income statement for Northeast Co. is shown below. How much is net operating profit after taxes…

A: The net income of the company refers to the excess of revenues of the company over the costs that…

Q: Minor, Inc., had revenue of $572,000 and expenses (other than income taxes) of $282,000 for…

A: Given information is: Minor, Inc., had revenue of $572,000 and expenses (other than income taxes) of…

Q: Pearson brothers recently reported an EDITDA of $7.5 million and net income of $1.8 million.  It had…

A: (EBITDA - interest -depreciation )*(1-tax) = net income  Let depreciation is x

Q: Little Books Inc. recently reported $3 million of net income. Its EBIT was $6 million, and its tax…

A: Calculation of Interest Expense:The interest expense is $1,000,000.Excel Spreadsheet:

Q: For the past year, Kayla, Inc., has sales of $46,382, interest expense of $3,854, cost of goods sold…

A: Given:

Q: Holly Farms has sales of S509,600, costs of $448,150, depreciation expense of $36,100, and interest…

A: Here, Sales is $509,600 Costs is $448,150 Depreciation Expense is $36,100 Interest Paid is $12,400…