National Chemicals Company Income Statements for the years Ended June 30 2020 2019 $ $ Revenue 6,336.3 5790.4 Cost of sales 1,617.4 1476.3 Gross profit 4,718.9 4,314.1 Selling and Administrative Expenses 4,007.6 3679 PBIT 711.3 635.1 Interest Expense 13.9 27.1 PBT 697.4 608.0 Income Tax 291.3 232.6 Net Profit 406.1 375.4 Calculate the following ratios: Interest Cover ratio for 2020 is: Net Profit Margin for 2020 is
Q: AL BURAIMI HOTEL SAOG STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2019 Note…
A: A comparative financial statement is used to indicate the percentage change in the amount of each…
Q: Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income…
A: Garlington Technologies Inc.Pro Forma Income StatementDecember 31, 2020 Sales…
Q: Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for…
A: The income statement represents the net income or loss whereas, the balance sheet represents the…
Q: 3 Income Statements Items 2020 2019 1,205,076,326 4 Sales 5 Cost of sales 5 Gross profit Other…
A: Required Explain EPS?
Q: koopman Company began operations on January 1, 2018, and uses the FIFO inventory method for…
A: Financial Statement- Financial statements contain information on an entity's financial activity and…
Q: 7. The balance sheets of Bonifacio Company include the following: 12/31/2019 12/31/2019 PO Interest…
A: Solution: Total supplies purchased during the period = Supplies expense +Ending supplies -…
Q: Year ended 31 December Year ended 31 December 2020 2019 Notes 18 Sales Cost of sales Gross profit…
A: Profit for the company - Profit of the company is the income earned by the company after deducting…
Q: Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for…
A: Financial Statement: The term "financial statements" refers to a series of reports that are written…
Q: 2020 P1,939,500 900,000 1,039,500 445,500 37,575 P 556,425 Percentage 2019 P1,674,675 843,975…
A: Formula: Revenue % = ( Revenue value / revenue ) x 100
Q: MICRON INDUSTRIES LIMITED Income Statement For the years ended Dec. 31, 2018 and 2019 2018 2019…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Extract of statement of Income and Expenditure for the Financial Years Ended 31 August 2020 2020…
A: Net asset value per unit share (NAV per unit share) Net asset value is total assets less total…
Q: 2019 2018 Revenue 28,433,361 28,264,711 Cost of sales (23,661,338) (27,476,274) Gross Profit…
A: Activity ratio measures the business efficiency and manages the company's resources to generate…
Q: Cisco Systems Consolidated Statements of Income Years Ended December ($ millions) July 27, 2019 July…
A: All amounts are in $.
Q: New York Bakery Balance Sheet December 2019 Assets Current assets Cash $4 50,180.74 Accounts…
A: The above mentioned solution is given in the below steps for your reference in the following steps.
Q: Required: Calculate All the Liquidity ratios
A: Liquidity ratios are used for finding the ability of the debtors to pay off the short term…
Q: BT21 Corp. collected P24,700 in interest during 2021. BT21 showed P3,700 in interest receivable on…
A: The interest revenue can be calculated as interest collected and changes in interest receivable…
Q: As Reported Annual Income Statement Report Date Бcale Net sales 2019 2018 2017 Thousands Thousands…
A: Ratio Analysis: This is the process of computing, determining, and presenting the relationship of…
Q: Furniture industry company Income statement 30st Dec 2020 to 2022 Year 2020 2021 2022 revenue Sales…
A: Profitability ratios are a class of financial metrics that are used to assess a business's ability…
Q: As Reported Annual Income Statement Report Date Scale 2019 Thousands 2018 2017 Thousands Thousands…
A: Ratio analysis is a kind of analysis in which ratios are calculated to estimate the company’s…
Q: 01/31/2019 01/31/2018 Total Revenue $514,405,000 $500,343,000 Cost of Revenue $385,301,000…
A: Assumptions: i. 365 days have been considered in a year ii.For calculating average figures, figures…
Q: calculate the interest expenses for the last 5 years (2016, 207, 2018, 2019 & 2020)
A: The cost, interest, and other charges associated with borrowing money to create or purchase assets…
Q: Years Ended Decem Note 2020 2019 2018 REVENUE 18 P891,847,222 P1,945,184,563 P1,579,205,736 DIRECT…
A: The gross profit margin ratio indicates the percentage of gross profit on the sale. It can be…
Q: Required: Calculate All the Gearing ratios
A: ratio indicates how many times one number contains another. Please check step 2 and 3 for the…
Q: 2020 2019 Net sales $4,800 $5,600 Cost of goods sold $3,888 $3,637 Net income $77 $147 Accounts…
A: Gross Profit is the difference between the Revenue from Operations generated and the Cost of Goods…
Q: Company is subject to an income tax rate of 30%. It has the provided the following data on December…
A: Ratio Analysis is a method of evaluation of the financial performances of an organisation during a…
Q: INCOME STATEMENT JUST STUFF, INC. FOR THE YEARS ENDED DEC. 31 2019 & 2020 2020 P2200.000 2019 Sales…
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…
Q: Ratios at the end of December 2019 Gross profit margin Net profit margin Return on capital employed…
A: Financial Ratio: These are the ratios that help in estimating the financial performance of a company…
Q: Vertical Analysis ABC INDUSTRIES CONSOLIDATED INCOME STATEMENT DECEMBER 31, 2020 2020 2019 Amount P…
A: Vertical analysis of financial statements is a technique in which the relationship between items in…
Q: Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a…
A: Horizontal analysis is prepared to show increase and decrease in amount by the line item. In this,…
Q: Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income…
A: Growth rate in sales = g = 4.6/4.0 - 1 = 15% (the sales figures are in $ million) Garlington…
Q: Calculate other expense income: Income Statement May 31, 2021 May 31, 2020 May 31, 2019 REVENUE…
A: Other Income (Expenses): Profit on the disposal of property, plant, and equipment, among other…
Q: Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for…
A: AFN = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - Retained earnings of forecasted Year A / S: Assets…
Q: 2019 2018 Revenue 28,433,361 28,264,711 Cost of sales (23,661,338) (27,476,274) Gross Profit…
A: Gross Profit Margin = Gross ProfitSales x 100 Operating Profit Margin = Operating ProfitSales x…
Q: INCOME STATEMENT JUST STUFF, INC. FOR THE YEARS ENDED DEC. 31 2019 & 2020 2019 2020 Sales Revenue…
A: 1. Vertical Analysis - The Statement of Financial Position - The statement of financial position is…
Q: Rhodes Corporation’s financial statements are shown after part f. Suppose the federalplus- state tax…
A: Comment- Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…
Q: VERTICAL ANALYSIS ZIVVY'S CLOTHING CORPORATION BALANCE SНЕЕТ DEC 31,2019 – DEC 31,2020 ACCOUNTS 2019…
A: Balance sheet of Zivvys clothing corporation for the year 2019 and 2020 are given.
Q: act of statement of Income and Expenditure for the Financial Years Ended 31 August 2020 2020…
A: The net asset value (NAV) is the market value per unit of all securities owned by a mutual fund…
Q: Chuck's Charter Services Chuck's Charter Services Balance sheets as of Dec. 31 2019 and 2020 (in…
A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…
Q: HOTELS MANAGEMENT COMPANY INTERNATIONAL SAOG Statement of profit or loss and other comprehensive…
A: Income statement is prepared by an organisation to present the performance of the entity during the…
Q: Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a…
A: Difference = Balance of 2019 - Balance of 2018 % Change = (Difference / Balance of 2018)*100 Note :…
Q: INcome statement PERIOD ENDING: 12/31/2019 Total Revenue $20,972,000 Cost of Revenue $17,755,000…
A: Beta of a stock measures the risk of the stock returns with respect to the benchmark index returns.…
Q: 2019 2018 Revenue 28,433,361 28,264,711 Cost of sales (23,661,338) (27,476,274) Gross Profit…
A: Earning per share (EPS) ratio shows the per share earning of the company during an accounting year.
Q: Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for…
A: Income statement forms a part of financial statements of the entity and is prepared with a view to…
Q: Years Ended December 31 Note 2020 2019 2018 REVENUE 18 P891,847,222 P1,945,184,563 P1,579,205,736…
A: SOLUTION- GROSS PROFIT RATE = GROSS PROFIT / NET SALES *100 . GROSS PROFIT = NET SALES - COST .…
Q: Cisco Systems Consolidated Statements of Income Years Ended December ($ millions) July 27, 2019 July…
A: Operating expenses include: Sales and marketing costs Office supply costs Rent Bank charges Travel…
Q: GRIZZLY BEAR MUFFIN COMPANY Balance Sheet Income Statement (SM) Assets ($M) Liabilities &…
A: Hi Student Since there are multiple sub parts,we will answer only first three subparts. If you want…
Q: STATEMENTS OF RECEIPTS AND EXPENSES For the fiscal years ended April 30, 2019 2020 OPERATING…
A: Horizontal analysis - Horizontal Analysis is part of the analysis in which individuals get the idea…
Q: The following balances were reported by ABC Co. at December 31, 2019 and 2020: 12/31/20 P2,600,000…
A: Purchases = Ending accounts payable balance + Amount paid to suppliers - Beginning accounts payable…
Q: 12. Pierce Corporation has the following gross profits for 2018 and 2019: Sales = 2019 - P810,000;…
A: Given: The pierce corporation sales with the gross profits for the year 2018 and 2019 is given with…
Step by step
Solved in 2 steps
- INCOME STATEMENT Year ended June 30 2022 2021 $'000 $'000Revenue 22450 18675Cost of sales 8475 8055Gross Profit 13975 10620Distribution costs 4245 3120Administrative expenses 1276 2134Selling expenses…SUNLAND COMPANYIncome StatementsFor the Years Ended December 31 2022 2021 Net sales $2,178,400 $2,030,000 Cost of goods sold 1,207,000 1,187,080 Gross profit 971,400 842,920 Selling and administrative expenses 590,000 565,220 Income from operations 381,400 277,700 Other expenses and losses Interest expense 25,960 23,600 Income before income taxes 355,440 254,100 Income tax expense 106,632 76,230 Net income $ 248,808 $ 177,870 SUNLAND COMPANYBalance SheetsDecember 31 Assets 2022 2021 Current assets Cash $ 70,918 $ 75,756 Debt investments (short-term) 87,320 59,000 Accounts receivable 139,004 121,304 Inventory 148,680 136,290 Total current assets 445,922 392,350 Plant assets (net) 765,820 613,954 Total assets $1,211,742…Year ended December 31, 2023 2022 2021 Revenues $4,578,041 $3,864,324 $3,003,610 Costs and expenses: Cost of goods sold $2,227,189 $2,089,089 $2,005,691 Selling and administrative 922,261 836,212 664,061 Interest 29,744 32,966 30,472 Other expenses (income) 1,475 2,141 (43) Total costs and expenses $3,180,669 $2,960,408 $2,700,181 Income before income taxes $1,397,372 $903,916 $303,429 Income taxes 229,500 192,600 174,700 Net income $1,167,872 $711,316 $128,729 Venus IndustriesConsolidated Balance Sheets (in thousands) December 31, ASSETS 2023 2022 Current assets: Cash and equivalents $291,284 $260,050 Accounts receivable, less allowance for doubtful accounts of $19,447 and $20,046 826,977 616,064 Inventories 592,986 512,917 Deferred income taxes 26,378 28,355 Prepaid expenses 40,663 32,977 Total current assets $1,778,288 $1,450,363 Property, plant, and equipment $571,032 $497,795 Less accumulated depreciation (193,037)…
- 15. Selected information about income statement accounts for the Reed Company is presented below (the company's fiscal year ends on December 31): 2021 2020 Sales revenue $ 4,450,000 $ 3,550,000 Cost of goods sold 2,870,000 2,010,000 Administrative expense 810,000 685,000 Selling expense 370,000 312,000 Interest revenue 151,000 141,000 Interest expense 202,000 202,000 Loss on sale of assets of discontinued component 52,000 — On July 1, 2021, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by GAAP. The assets of the component were sold on September 30, 2021, for $52,000 less than their book value. Results of operations for the component (included in the above account balances) were as follows: 1/1/2021–9/30/2021 2020 Sales revenue $ 410,000 $ 510,000 Cost of goods sold (295,000 ) (326,000 ) Administrative expense (51,000 )…HIC GROUP OF Companies COMPARATIVE INCOME STATEMENT For years ended 3rd December 2019 2020 Revenue and gains Sales revenue 495,500 496,738.75 Interest revenue 278,500 279,196.25 Investment Income 71,700 71,879.25 Other revenue 101,500 101,753.75 Total revenue and gains 947,200 949,968 Expenses and losses Cost of good sold 450,000 447,750 Selling&administrative 185,000 184,075 Computer (operating) 42,500 42,288…HIC GROUP OF Companies COMPARATIVE INCOME STATEMENT For years ended 3rd December 2019 2020 Revenue and gains Sales revenue 495,500 496,738.75 Interest revenue 278,500 279,196.25 Investment Income 71,700 71,879.25 Other revenue 101,500 101,753.75 Total revenue and gains 947,200 949,968 Expenses and losses Cost of good sold 450,000 447,750 Selling&administrative 185,000 184,075 Computer (operating) 42,500 42,288 Depreciation 50,000…
- 2021 2020 Usage sales 5700 5300 Other miscellaneous revenue for the financial year 300 200 Total revenue for the year 6000 5500 Cost of use sold 2680 2600 Customer and inventory impairment loss 250 220 GROSS REMUNERATION AND EMPLOYER'S CONTRIBUTIONS 800 750 Impairment provisions for the financial year 50 30 Financial costs for the financial year 300 280 Total operating expenses 900 800 Net profit for the financial year 4980 4680 Balance sheet data 1020 820 Fixed assets and investments 2000 1700 Goods 400 250 Customers minus accumulated impairment 696 1100 Customer promissory notes and bills of exchange 300 700 Cash and trading portfolio 200 350 Total assets 3596 4100 How long is the defensive period of the operation in 2021 (360days)THE ATHLETIC ATTICIncome StatementFor the Year Ended December 31, 2024Net sales $8,900,000Cost of goods sold 5,450,000Gross profit 3,450,000Expenses: Operating expenses $1,600,000 Depreciation expense 210,000 Interest expense 50,000 Income tax expense 360,000 Total expenses 2,220,000Net income $1,230,000 THE ATHLETIC ATTICBalance SheetsDecember 31 2024 2023Assets Current assets: Cash $164,000 Accounts receivable 790,000 Inventory 1,405,000 Supplies 110,000Long-term assets: Equipment 1,150,000 Less: Accumulated depreciation (420,000) Total assets $3,199,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $115,000 Interest payable 0 Income tax payable 40,000 Long-term liabilities: Notes payable 600,000 Stockholders' equity: Common stock 700,000…E23.10B (L0 1,4) (Classification of Transactions) Following are selected balance sheet accounts of BioLazer Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Increase Selected balance sheet accounts 2020 2019 (Decrease)AssetsAccounts receivable $154,000 $120,000 $34,000Property, plant, and equipment 631,000 581,000 50,000Accumulated…
- LOGIC COMPANYComparative Income StatementFor Years Ended December 31, 2019 and 2020 2020 2019 Gross sales $ 19,000 $ 15,000 Sales returns and allowances 1,000 100 Net sales $ 18,000 $ 14,900 Cost of merchandise (goods) sold 12,000 9,000 Gross profit $ 6,000 $ 5,900 Operating expenses: Depreciation $ 700 $ 600 Selling and administrative 2,200 2,000 Research 550 500 Miscellaneous 360 300 Total operating expenses $ 3,810 $ 3,400 Income before interest and taxes $ 2,190 $ 2,500 Interest expense 560 500 Income before taxes $ 1,630 $ 2,000 Provision for taxes 640 800 Net income $ 990 $ 1,200 LOGIC COMPANYComparative Balance SheetDecember 31, 2019 and 2020 2020 2019 Assets Current assets: Cash $ 12,000 $ 9,000 Accounts receivable 16,500 12,500 Merchandise inventory 8,500 14,000 Prepaid expenses 24,000 10,000 Total current assets $ 61,000 $ 45,500 Plant and…LOGIC COMPANYComparative Income StatementFor Years Ended December 31, 2019 and 2020 2020 2019 Gross sales $ 19,000 $ 15,000 Sales returns and allowances 1,000 100 Net sales $ 18,000 $ 14,900 Cost of merchandise (goods) sold 12,000 9,000 Gross profit $ 6,000 $ 5,900 Operating expenses: Depreciation $ 700 $ 600 Selling and administrative 2,200 2,000 Research 550 500 Miscellaneous 360 300 Total operating expenses $ 3,810 $ 3,400 Income before interest and taxes $ 2,190 $ 2,500 Interest expense 560 500 Income before taxes $ 1,630 $ 2,000 Provision for taxes 640 800 Net income $ 990 $ 1,200 LOGIC COMPANYComparative Balance SheetDecember 31, 2019 and 2020 2020 2019 Assets Current assets: Cash $ 12,000 $ 9,000 Accounts receivable 16,500 12,500 Merchandise inventory 8,500 14,000 Prepaid expenses 24,000 10,000 Total current assets $ 61,000 $ 45,500 Plant and…58. The portion of the functional income statements of Brief Company for 2021 and 2020 are presented below: 2021 2020 Sales P890,000 P800,000 Cost of goods sold 530,000 450,000 Gross margin 360,000 350,000 Assuming that the selling price in 2021 is reduced by 11 percent effective January 1, calculate the change in gross profit due to change in unit cost. Group of answer choices P32,500 Favorable P32,500 Unfavorable P25,694 Unfavorable P25,694 Favorable