Johanssen Company reported the following information for 2014: $794,000 $382,000 Sales Average Operating Assets Desired ROI 13% $11,600 Residual Income The company's operating income for 2014 was: Multiple Choice $49,660. $103,220 $61,260 $38,060
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- Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: At the beginning of last year, Elway had 28,300,000 in operating assets. At the end of the year, Elway had 23,700,000 in operating assets. Required: 1. Compute average operating assets. 2. Compute the margin and turnover ratios for last year. (Note: Round the answer for margin ratio to two decimal places.) 3. Compute ROI. (Note: Round answer to two decimal places.) 4. CONCEPTUAL CONNECTION Briefly explain the meaning of ROI. 5. CONCEPTUAL CONNECTION Comment on why the ROI for Elway Company is relatively high (as compared to the lower ROI of a typical manufacturing company).During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. What is the sales margin?The following data were taken from the financial statements of Howard Corporation for the year ended December 31, 2014: Net sales .................................................... $120,000Net income ..................................................... 30,000Total assets, January 1, 2014 ..................... 400,000Total assets, December 31, 2014 .............. 600,000 What was Howard's rate of return on assets for 2014? Group of answer choices 6 percent 20 percent 5 percent 24 percent
- Bouvous Corporation had the following information for 2015:Revenue $400,000Operating expenses 350,000Total assets 530,000What is the return on investment?Plano Corporation reported net income P24,000; net sales P400,000; and average assets P600,000 for 2012. What is the 2012 profit margin ratio?Using the information calculate ROI Income 6,000 Revenue 24,000 Average assets 10,000
- Operating results for department B of Shaw Company during 2016 are as follows: Sales $755,000 Cost of goods sold 480,000 Gross profit 275,000 Direct expenses 215,000 Common expenses 123,000 Total expenses 338,000 Net loss $(63,000) If department B could maintain the same physical volume of product sold while raising selling prices an average of 10% and making an additional advertising expenditure of $35,000, what would be the effect on the department's net income or net loss? (Ignore income tax in your calculations.) Use a negative sign with your answer to indicate if the effect increases the company's net loss. If Department B increased its selling price by 10%, the effect on net income (loss) would be $AnswerINCOME STATEMENT DATA FOR BEZOS COMPANY FOR THE YEARS ENDED DECEMBER 31, 2014 and 2013, ARE AS FOLLOWS 2014 2013 SALES 840,000 600,000 COGS 724,500 525,000 GROSS PROFIT 115,500 75,000 SELLING EXPENSES 52,500 37,500 ADMINISTRATIVE EXPENSES 41,400 30,000 TOTAL OPERATING EXPENSES 93,900 67,500 INCOME BEFORE INCOME TAX 21,600 7,500 INCOME TAX EXPENSE 10,800 2,700 NET INCOME 10,800 4,800 PREPARE A COMPARATIVE INCOME STATEMENT WITH HORIZONTAL…35. Tech Manufacturing Company realized P15,000,000 in sales, with a cost of goods sold of P6,000,000, gross profit margin of 45% of net sales, operating expenses of P4,500,000, tax rate of 35%, and average total assets of P6,500,000. What is Tech's Return on Assets (ROA)?
- Given the following information for the Green Company:Net sales (all on account) $5,200,000Interest expense 240,000Income tax expense 280,000Net income 420,000Income tax rate 40%Total assets: January 1, 2010 $1,800,000 December 31, 2010 2,400,000Stockholders' equity: January 1, 2010 1,500,000 December 31, 2010 1,600,000Current assets, December 31, 2010 700,000Quick assets, December 31, 2010 400,000Current liabilities, December 31, 2010 300,000Net accounts receivable: January 1, 2010 200,000 December 31, 2010 180,000 Green's accounts receivable turnover for 2010 was: Question 16 options: a) 2.2 times…Given the following information for the Green Company: Net sales (all on account) $5,200,000Interest expense 240,000Income tax expense 280,000Net income 420,000Income tax rate 40%Total assets: January 1, 2010 $1,800,000 December 31, 2010 2,400,000Stockholders' equity: January 1, 2010 1,500,000 December 31, 2010 1,600,000Current assets, December 31, 2010 700,000Quick assets, December 31, 2010 400,000Current liabilities, December 31, 2010 300,000Net accounts receivable: January 1, 2010 200,000 December 31, 2010 180,000 Green's return on total assets during 2010 was: Question 15 options: a) 20.0% b) 26.9%…a. D supplied following data are for the latest year of operations: Sales ₱24,480,000; Operating income ₱1,738,080; Average operating assets ₱6,000,000. Required rate of return 16% 1. What is D's ROI? 1. What is D's residual income?
