Liu Mart applies a Gross Margin of 50% on all items. Below is an incomplete extract of the Income Statement for the year ended june 7, 2008? Sales Less: Cost of Sales Opening stock Purchases 3,500,000 500,000 4,000,000 ( 1, 500,000) Less: closing stock 2,500,000 GROSS PROFIT Required: Calculate: a) Gross profit for the year. b) Sales figure for the year c) The gross mark-up ratio for the business

Liu Mart applies a Gross Margin of 50% on all items. Below is an incomplete extract of the Income Statement for the year ended june 7, 2008? Sales Less: Cost of Sales Opening stock Purchases 3,500,000 500,000 4,000,000 ( 1, 500,000) Less: closing stock 2,500,000 GROSS PROFIT Required: Calculate: a) Gross profit for the year. b) Sales figure for the year c) The gross mark-up ratio for the business

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
Profitability metrics The following selected data were taken from the financial statements of The O'Malley Group Inc. for December 31, 20Y5. 20Y4. and 20Y3: No dividends on common stock were declared between 20Y3 and 20Y5. a.Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity Tor the years 20Y4 and 20Y5. Round to one decimal place. b. What conclusions can be drawn from these data as to the company's profitability?
Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was 82.60 on December 31, 20Y2. Instructions Determine the following measures for 20Y2 (round to one decimal place, including percentages, except for per-share amounts): 1. Working capital 2. Current ratio 3. Quick ratio 4. Accounts receivable turnover 5. Number of days sales in receivables 6. Inventory turnover 7. Number of days sales in inventory 8. Ratio of fixed assets to long-term liabilities 9. Ratio of liabilities to stockholders equity 10. Times interest earned 11. Asset turnover 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 15. Earnings per share on common stock 16. Price-earnings ratio 17. Dividends per share of common stock 18. Dividend yield
Refer to the financial statements of Mixon Company in Exercises 1–3 and 1–5. The following additional information about the company is known: Please see attached images Commonstockmarketprice,December31,2006 ...... $15.00 Common stock market price, December 31, 2005 . . . . . . 14.00 Annualcashdividendspersharein2006 ............ 0.60 Annualcashdividendspersharein2005 ............ 0.30 To help evaluate the profitability of the company, compute the following for 2006 and 2005: (a) return on common stockholders’ equity, (b) price-earnings ratio on December 31, and (c) divi- dend yield.
For the year ended December 31, 2022, Settles Incorporated earned an ROI of 10.5%. Sales for the year were $9 million, and average asset turnover was 2.1. Average stockholders' equity was $2.8 million. Required: Calculate Settles Incorporated's margin and net income. Note: 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 Incorporated's return on equity. Note: Round your answer to 1 decimal place.
Use the information provided below to answer the question. The ratios are for last year, for ABC Inc and the average of its industry as follows ABC Inc Industry Average Inventory $150,000 $100,000 Accounts Receivable 24,000 24,000 Other Assets 76,000 76,000 Total Assets $250,000 $200,000 Profit Margin 1.8% 2% Equity $ 125,000 $ 125,000 Sales $ 1,100,000 $ 1,000,000 What is ABC’s Return on Equity (ROE)?
Senji plc applies a mark-up of 40%. At the start and end of the year, stockwas valued at £25,000 and £22,000 respectively. During the year cash purchases were £15,000 and credit purchases of £90,000. What was the value of sales for the year? a) £151,200b) £142,800c) £170,000d) £180,000
(a) Calculate and Closing stock from the following information:-Total sales Rs 600000Gross Profit 25% on SalesStock Turnover Ratio = 5 timesClosing stock is Rs. 12000 more than opening stock(b) Gross Profit Ratio of a company was 25%. Its cash sales were Rs. 200000 and its credit Sales was 90% of the total sales. If the indirect expenses of the Company were Rs. 20000. Calculate net Profit ratio.
What is the payout ration for the following? SKYSONG, INC.Income StatementFor the Year Ended December 31, 2022 Sales revenue $404,100 Cost of goods sold 234,000 Gross profit 170,100 Expenses (including $16,700 interest and $26,400 income taxes) 83,500 Net income $ 86,600 Additional information: 1. Common stock outstanding January 1, 2022, was 24,700 shares, and 37,100 shares were outstanding at December 31, 2022. 2. The market price of Skysong stock was $14 in 2022. 3. Cash dividends of $22,900 were paid, $4,900 of which were to preferred stockholders. Compute the following measures for 2022. (Round all answers to 2 decimal places, e.g. 1.83 or 2.51%) (a) Earnings per share $enter earnings per share in dollars (b) Price-earnings ratio enter price-earnings ratio in times times (c) Payout ratio enter payout ratio in percentages % (d) Times interest earned enter times interest…