Perform profitability analysis for the two quotas APPLE INCIncome statement horizontal analysis2 quarters1st quarter2nd quarterdessuobs25,2021December 26.202026,202127,2020Netsalespraducts104429956786394846529services19516157611748613156tatal net sales1239451114398143459685Cast of salesProducts64309621304089932693Services5393498152804312Total cost of sales69702671114617937005Grass margin54243443283525522680Operating expensesResearch and development6306516357174758Selling, general and administrativeTotal operating expenses64495631541248311275510794111299589Operating incomeather income(expense), net41488335342412613091-2474524346income before provision for income taxespravision for income taxes412413357924369131376611482426251884net income34630287552174411253earnings per shareBasic2.111.71.310.65Diluted2.11.681.30.65 APPLE INCBALANCE SHEET"DECEMBER 25TH 2021amount in $first quarterSecond quarter25-Dec-21 25-Sep-21june 26,20 26-Sep-20ASSETSCurrent assetsCash and cash equivalentsMarket securitiesAccounts receivable,netInventoriesVendor non trade receivables371193494034050380162679427699276465292730213262781747516120587665805178406135040252281643321325Other current assets18112141111364111264Total current assets153154 134836114423 143713Non current assetsMarketable securitiesProperty,plant and equipment,net138683 127877131948 10088739245394403861536766Other non current assers50109488494485442522Total non current assets228037 216166215417 180175Total assets381191 351002329840 323888LIABILITIES AND STAKEHOLDERS EQUITYCurrent liabilitiesAcoounts payable74362547634040942296Other current liabilities49167474934362542684Deffered revenue7876761276816643Commercial paper5000600080004996Term debt11169961380398773Total current liabilities147574125481107754105392Non current liabilitiesTerm debt10662910910610575298667Other non current liabilities55056533255205454490Total non current liabilities161685162431157806153157Total liabilities309259287912265560258549SHAREHOLDERS EQUITYCommon stpck58424573655498950779Retained earnings144355562923314996Accumulated other comprehensive income-92716358-406Total shareholdersequity71932630906428065369Total liabilities and shareholders equity381191351002329840323918

Profitability analysis is a type of analysis or a financial ratio that helps in assessing the profit…

Answered: Perform profitability analysis for the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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ACC 122 Fall 2020Comprehensive ProjectBestValue Corporation's Trial Balance at December 31, 20XX is presented below.All 20XX transactions have been recorded except for the items described on the next page.Debit CreditCash $ 109,890Accounts Receivable 28,789Inventory 25,540Debt Investments 0Land 55,674Buildings 215,850Equipment 75,120Allowance for Doubtful Accounts $ 1,027Accumulated Depreciation-Buildings 63,306Accumulated Depreciation-Equipment 16,048Accounts Payable 35,278Interest Payable 0Unearned Rent Revenue 48,900Dividends Payable 0Income Tax Payable 0Bonds Payable 0Discount on Bonds Payable 0Common Stock ($2 par) 29,200Paid in Capital in Excess of Par-Common Stock 44,580Preferred Stock ($60 par) 0Paid in Capital in Excess of Par-Preferred Stock 0Retained Earnings 107,904Treasury Stock 0Cash Dividends 0Sales Revenue 776,068Rent Revenue 0Gain on Sale of Land 0Bad Debt Expense 0Interest Expense 0Cost of Goods Sold 478,542Depreciation Expense 0Other Operating Expenses 53,274Salaries…
Life-Positive’s Account Balances 2021 ($) 2022 ($) accounts payable 24,600.00 21,250.00Accounts receivable 15,700.00 12,340.00Cash 23,450.00 28,600.00Cost of goods sold 19,700.00 23,000.00Depreciation 3,090.00 4,590.00Dividends 5,800.00 10,800.00Interest 2,340.00 2,890.00Inventory 7,050.00 8,640.00Long-term debt 28,000.00 30,000.00Net fixed assets 41,500.00 48,000.00Other expenses 2,400.00 2,800.00Sales 58,000.00 62,500.00Short-term Notes Payable 2,890.00 2,340.00Shares outstanding 85,000.00 90,000.00 tax rate is 32% 4. Calculate the cash flow from assets, cash flow to creditors,and cash flow to stockholders…
tion 8Income statement for the year ended 31 December, 2019 of KKMTN Ghana Ltd2018 2019ȼ ‘000 ȼ ‘000Turnover 420,000 523,600Cost of sales (330,000) (417,200)Gross profit 89,000 106,400Expenses:Administration 44,600 50,200Selling and distribution 15,400 (60,000) 19,600 (69,800)Profit before interest 29,000 36,600Debenture interest - (2,800)Net profit before tax 29,000 33,800Taxation (8,000) (10,000)Net Profit after tax 21,000 23,800Ordinary dividend paid 8,400 9,250Ordinary shares issued 12 million and trading at ȼ3 each as at yesterday onGSE.You are required to compute the following investment ratios:a). Earnings per shareb). Dividend per sharec). Payout ratiod). Price earnings ratioe). Earnings yield
Question The trial balance of Beta Limited as at 31st December, 2019 is as follows: Debit Credit GH¢ GH¢ Sales and Purchases 20,000 50,000 Inventory 8,000 Distribution costs 8,000 Administration expenses 15,550 Trade Receivables and Payables 12,400 20,000 Cash and bank 8,100 Ordinary shares (GH¢0.50) 52,000 Revaluation reserve 8,000 10% Redeemable preference shares (GH¢1) 9,000 10% Loan Notes 8,000 Property, Plant and Equipment 75,000 Investment property 10,000 Rental income from investment property 1,000 Retained profits at 1st January, 2019 3,000 Loan note interest 400 Preference dividend 450 Interim ordinary dividend 1,600 Corporate Tax 500 Suspense 8,000 159,500 159,500 The following is to be taken into account: The inventory at cost on 31st…
#10 Item Prior year Current year Accounts payable 8,123.00 7,716.00 Accounts receivable 6,048.00 6,607.00 Accruals 997.00 1,500.00 Cash ??? ??? Common Stock 10,094.00 11,603.00 COGS 12,653.00 18,393.00 Current portion long-term debt 4,911.00 5,090.00 Depreciation expense 2,500 2,763.00 Interest expense 733 417 Inventories 4,245.00 4,824.00 Long-term debt 14,141.00 13,226.00 Net fixed assets 51,826.00 54,004.00 Notes payable 4,339.00 9,940.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,688.00 30,532.00 Sales 35,119 45,044.00 Taxes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year? Answer format: Number: Round to: 0 decimal places.
Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2019. Below is a portion of its balance sheet. Conduct a horizontal analysis of the following line items. (Negative answers should be indicated by a minus sign. Round the "percent" answers to the nearest hundredth percent.) ****Need the answers to the "Goodwill" column***** 2019 (dollars in millions) 2018 (dollars in millions) Difference % CHG Cash and cash equivalents $15,980 $15,499 481 3.10 Marketable securities 9,222 16,148 (6,926) (42.89) Inventories 13,642 14,324 (682) (4.76) Goodwill 0 1,278 Total liabilities and equity $103,249 $144,603 (41,354) (28.60)
Assignment 1 The trial balance of beta limited as as 31st December,2019 is as follow:                                                                                  Debit        Credit                                                                                   GH¢          GH¢ Sales and Purchases                                                20,000        50,000 Inventory                                                                  8,000 Distribution costs                                                     8,000 Administration expenses                                         15,550 Trade Receivables and Payables                             12,400        20,000 Cash and Bank                                                        8,100 Ordinary Shares(Gh¢ 0.50)    52,000 Revaluation reserves 8,000 10% Redeemable Preference shares (GH¢ 1)…
tudent question Time to preview question: 00:09:07 Company is subject to an income tax rate of 30%. It has the provided the following data on December 31, 2021: Income Statement Items for 2021:   Net sales P3,600,000Cost of goods sold 1,100,000Operating expenses including depreciation 840,000Depreciation expense 60,000Interest expense 100,000Income tax expense ? Other information for 2021: Payment of bank loan 300,000 Dividends paid to stockholders P250,000 Balance Sheet Items December 31, 2021 December 31, 2020Cash and cash equivalents 2,000,000 P1,750,000Accounts receivable 670,000 410,000Inventory 430,000 220,000Supplies 18,000 12,000Accounts payable 520,000 380,000Accrued liabilities 72,000 53,000Property and equipment, net 1,700,000 2,100,000Loans payable 1,000,000 1,500,000Share capital 1,000,000 1,000,000Retained earnings ? ? Based on the above, answer the following questions for 2021: (Round answers to whole numbers for monetary amounts while for percentages,…
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…
21. Mahal Mo Co. reported revenue of P3,100,000 in its accrual basis income statement for the year ended December 31, 2020. Additional information are as follows: Accounts receivable, December 31, 2019, P700,000 and Accounts receivable, December 31, 2020, P1,100,000. Under the cash basis, how much should Mahal Mo Co. report as revenue for 2020? Choices: P3,500,000 P2,000,000 P2,700,000 P2,400,000
Question 1 The trial balance of beta limited as as 31st December,2019 is as follow: Debit Credit GH¢ GH¢ Sales and Purchases 20,000 50,000 Inventory 8,000 Distribution costs 8,000 Administration expenses 15,550 Trade Receivables and Payables 12,400 20,000 Cash and Bank 8,100 Ordinary Shares(Gh¢ 0.50) 52,000 Revaluation reserves 8,000 10% Redeemable Preference shares (GH¢ 1)…
Balance on April 1, 2020Debtors control Dr. $65, 145Debtors control Cr. 600Creditors control Dr. 950Creditors control Cr. 75, 500Totals for the month of April 2020Cash purchases 35, 600Credit purchases 62, 600Cash Sales 47, 000Credit Sales 75, 000Contra entry: Set off 1, 800Refund to cash customers 2, 800Bad debt written off 3, 300Discount Allowed 3, 750Total payments to suppliers 87, 000Total receipt from customers 98, 800Discount received 5, 500Dishonoured cheques: customers 2, 900Increase in the allowance for bad debts 2, 100Return Inwards 2, 400Return Outwards 15, 200Balances at 30 April 2020Debtors control: Dr. ? Cr: $8 300Creditors control: Dr. $7 500 Cr: ?Required: Prepare the Sales ledger control account Prepare the Purchases control account

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