After reviewing the information, calculate the following ratios for Nestlé for 2021:1) Inventory turnover2) Profit margin3) Return on assets4) Free cash flowRound all answers to two decimal places. Here is some financial statement data for Nestlé (in millions of Swiss francs):20202021Total current assets 39,257 34,068Inventory 11,982 10,101Total assets 139,142 124,028Net sales 87,088 84,343Cost of goods sold 45,468 42,971Gross profit 12,159 14,233Interest expense753815Net income17,196 12,37217,1574,0767,9685,667Net cash provided by operating activitiesCapital expenditures16,6454,8807,983Cash dividendsInvesting cash flow3,044

Working note: Average inventory = (beginning inventory + ending inventory) /2 = (11982+10101) /2 =…

Here is some financial statement data for Nestlé (in millions of Swiss francs): 2020 Total current assets 39,257 34,068 2021 Inventory 11,982 10,101 Total assets 139,142 124,028 Net sales 87,088 Cost of goods sold 45,468 42,971 Gross profit 12,159 14,233 753 84,343 Interest expense 815 Net income 17,196 12,372 Net cash provided by operating activities 16,645 17,157 4,076 7,968 5,667 Capital expenditures 4,880 7,983 3,044 Cash dividends Investing cash flow

Here is some financial statement data for Nestlé (in millions of Swiss francs): 2020 Total current assets 39,257 34,068 2021 Inventory 11,982 10,101 Total assets 139,142 124,028 Net sales 87,088 Cost of goods sold 45,468 42,971 Gross profit 12,159 14,233 753 84,343 Interest expense 815 Net income 17,196 12,372 Net cash provided by operating activities 16,645 17,157 4,076 7,968 5,667 Capital expenditures 4,880 7,983 3,044 Cash dividends Investing cash flow

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Here is some financial statement data for Nestlé (in millions of Swiss francs): After reviewing the information, calculate the following ratios for Nestlé for 2021:1) Inventory turnover2) Profit margin3) Return on assets4) Free cash flowRound all answers to two decimal places. Do not include dollar signs because Nestlé's accounting information is in Swiss francs. Show the calculations for each answer.
The income statement of Kyonggi Inc. in Suwon, Korea, contains the following condensed information (currency unit in thousand Korean won, ₩ 000’s): KYONGGI INC. Income Statement Year Ended December 31, 2019 Sales ₩ 6,583,000 Cost of goods sold 3,427,000 Gross profit 3,156,000 Operating expenses 2,349,000 Profit from operations 807,000 Interest expense 124,000 Profit before income tax 683,000 Income tax expense 203,000…
If the French bank Société Générale reported its 2019 net income was 23,561 million euros and its operating expenses totaled 16,016 million euros, what was its gross profit? (Enter your answer in millions of euros.) Gross Profit= Gross Profit million euros
Using the information provided below:Rubialac PaintsSelected Income Statement Items, 2020Cash Sales $2,500,000Credit Sales $9,500,000Total Sales $12,000,000COGS 7,000,000 Rubialac PaintsSelected Balance Sheet Accounts12/31/2020 12/31/19 ChangeAccounts Receivable $550,000 $400,000 $150,000Inventory $275,000 $250,000 $25,000Accounts Payable $150,000 $110,000 $40,000 What is the inventory turnover for Rubialac Paints? What is the average production cycle for the firm? What is the average collection cycle? What could Eagle Paints do to reduce the average collection cycle?
Atlanta Corporation, a domestic corporation, had the following data for the years 2022 and 2023: 2022 2023 Sales P 10,000,000 P 15,000,000 Cost of sales 4,000,000 6,000,000 Deductible expenses 6,100,000 7,000,000 Capital gains 50,000 100,000 Interest income on trade notes receivable 10,000 30,000 Rent income 430,000 600,000 Total assets 500,000,000 550,000,000 How much is the total deferred charges in 2023?
Given below are the Statements of Financial Position and the Statement of Profit or Loss for BA107 Trading Bhd: 2020 (RM) Sales 505,000 Cost of sales (105,000) Gross profit 400,000 Expenses (252,000) Profit before tax 148,000 Taxation (40,000) Profit after tax 108,000 2020 2019 (RM) (RM) Property, plant and equipment 355,000 300,000 Trade receivables 80,000 75,000 Inventory 145,000 120,000 Bank balance 24,500 15,000 604,500…
Selected comparative statement data for Oriole Company are presented below. All balance sheet data are as of December 31. 20222021Net sales$1,165,000 $1,125,000Cost of goods sold705,000 645,000Interest expense20,000 15,000Net income154,945 145,000Accounts receivable145,000 125,000Inventory105,000 100,000Total assets785,000 700,000Preferred stock (6%)205,000 200,000Total stockholders’ equity635,000 525,000 Compute the following ratios for 2022. (Round answers to 1 decimal place, e.g. 1.8 or 2.5%) (a)Profit marginenter the profit margin in percentages %(b)Asset turnoverenter the asset turnover in times times(c)Return on assetsenter the return on assets in percentages %(d)Return on common stockholders’ equityenter the return on common stockholders' equity in percentages %
The following selected information is shown in the financial statements of CCC Company: Cash and cash equivalents205,000 Prepaid expense100,000 Inventories150,000 Trade and other receivables180,000 Total Non-Current Assets1,800,000 Total Liabilities1,500,000 Shareholders` Equity1,000,000 Net Sales1,300,000 In the common size statement of financial position, prepaid expense will have a proportional percentage of? The Gross Profit of BBB Company for the year ended December 31, 2016 id 65% with an absolute value of 850,000. The operating expenses has a proportional percentage of 20%. How much is the absolute peso amount of the operating expenses?
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The following information (in $ millions) comes from the Annual Report of Saratoga Springs Co. for the year ending 12/31/2021: Year ended 12/31/2021 Net sales $7,949 Cost of goods sold 4,767 Selling and administrative expense 1,909 Interest expense 416 Income before tax 857 Net income 458 12/31/2021 12/31/2020 Cash and cash equivalents $ 975 $ 64 Receivables, net 1,010 664 Inventories 1,055 519 Land, buildings and equipment at cost, net 13,500 3,844 Total assets $ 16,540 $ 5,091 Total current liabilities $ 5,747 $ 2,209 Long-term debt 5,591 2,221 Total liabilities $ 11,338 $ 4,430 Total stockholders' equity $ 5,202 $ 661 Required:Compute the return on assets for 2021. (Round your answer to 1 decimal place.)
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 $407,000 Cost of goods sold 46,000 306,000 Selling and administrative expenses 15,500 79,000 Interest expense 670 1,800 Other income (expense) (85 ) (390 ) Income tax expense 1,300 7,500 Net income $ 2,845 $ 12,310 Balance Sheet Data(End of Year) Current assets $19,000 $47,000 Noncurrent assets 27,300 123,000 Total assets $46,300 $170,000 Current liabilities $11,000 $56,000 Long-term debt 18,100 45,000 Total stockholders’ equity 17,200 69,000 Total liabilities and stockholders’ equity $46,300 $170,000…
A company has, among other things, the following items in its annual report:Net sales SEK 25,500,000Other income SEK 100,000Inventory 6,500,000 secCash and Bank 500,000 secReceivables 2,000,000 secShort-term investments SEK 500,000Personnel costs SEK 11,500,000Fixed assets SEK 3,300,000Long-term liabilities SEK 5,800,000Calculate the company's capital turnover rate. NOTE! Round to two decimal places! For example, the number 15.54678 would be 15.55 or 2.68512 would be 2.69.