In 2015, ABC Corporation’s net income was ₱600,000 and in 2016 it was ₱100,000. What percentage increase in net income must ABC achieve in 2017 to offset the 2016 decline in net income?
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In 2015, ABC Corporation’s net income was ₱600,000 and in 2016 it was ₱100,000. What percentage increase in net income must ABC achieve in 2017 to offset the 2016 decline in net income?
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- In 2015, ABC Corporation’s net income was ₱800,000 and in 2016 it was ₱200,000. What percentage increase in net income must ABC achieve in 2017 to offset the 2016 decline in net income?During 2016, Fly-Us-Again, Inc had total interest expense of P10,000, sales of P1,000,000, income taxes ofP40,000, and a net profit margin of 6%. What is the company's times-interest-earned ratio for 2016? a. 6 times b. 10 times c. 11 times d. 25 imesWal-Mart Stores, Inc. in 2014 reported net income of$16.4 billion, net sales of $482.2 billion, and averagetotal assets of $204.2 billion. What is Wal-Mart’s assetturnover? What is Wal-Mart’s return on assets?
- In 2017, Mix and Match Corporation (M&M’s) had a gross profit of RM27,000 on sales of RM110,000. M&M's operating expenses for 2017 were RM13,000, and its net profit margin was 0.0585. M&M’s had no interest expense in 2017. What was M&M's operating profit margin?The Malia Corporation had sales in 2015 of $65 million, total assets of $42 million, and total liabilities of $20 million. The interest rate on the company's debt is 6 percent, and its tax rate is 30 percent. The operating profit margin was 12 percent. What were the company's operating profits and net income? What was the operating return on assets and return on equity? Assume that interest must be paid on all of the debt.Sandhill Corporation had revenues of $858,030 in 2017. It also had expenses (excluding depreciation) of $356,240, depreciation of $103,471, and interest expense of $52,414. What was the company’s net income after taxes if its average tax rate was 40 percent? (Round answer to 2 decimal places, e.g. 15.25.)
- In 2016, the first year of its existence, Chartreuse Corporation had a net capital loss of $3,000. In 2017 and 2018, it had net capital gains of $5,000 and $8,000, respectively. In 2019, the company reported a net capital loss of $12,000. What is the amount of capital loss carryforward to 2020? ($1,000). $0. ($2,000). ($4,000)In the income statement below, ABC Trade Inc. wants to find the resulting net income for the year 2018 (in million). What is the right amount? Income Statement ($ Million) Year End 2015 2016 2017 2018 Sales 1,234.90 1,251.70 1,300.40 1,334.40 Cost of Sales (679.10) (659.00) (681.30) (667.00) Gross Operating Income Selling & Administration (339.70) (348.60) (351.20) (373.30) Depreciation (47.50) (52.00) (55.90) (75.20) Other Income/Expenses 11.80 7.60 7.00 8.20 Earnings Before Interest and Taxes Interest Income 1.30 1.40 1.70 2.00 Interest Expense (16.20) (15.10) (20.50) (23.70) Pre Tax Income Income Taxes (56.80) (64.20) (67.50) (72.60) Net Income Dividends (38.30) (38.70) (39.80) (40.10) Addition to Retained Earnings Group of answer choices 121.8 108.7 132.7 132.8 No choice givenIn 2016, the Allen Corporation had sales of $60 million, total assets of $47 million, and total liabilities of $22 million. The interest rate on the company's debt is 5.6%, and its tax rate is 35%. The operating profit margin is 12%. Compute the firm's 2016 net operating income and net income. Calculate the firm's operating return on assets and return on equity. (Hint: You can assume that interest must be paid on all of the firm's liabilities.)
- G. C. Murphey’s 2016 financial statements show net income of $5,040 million, sales of $306,932 million, and average total assets of $86,700 million.How much is G. C. Murphey’s return on sales for the year?Fusion Energy Co’s earnings before interest and taxes (EBIT) was $275 million. Assuming Fusion Energy’s tax rate is 25%, what is their net operating profit after taxes (NOPAT) for 2015 expressed in millions of dollarsFollowing are income statements for Hossa Corporation for 2017 and 2016. Percentage of sales amounts are also shown for each operating expense item. Hossa’s income tax rate was 38% in 2016 and 40% in 2017. How do you calculate the cause of change analysis past sales?