Pohio Corp. reported total assets of $500000, $400000, $370000 in the year 2016, 2015 and 2014 respectively. If 2015 is the base year, what is the percentage change for 2016? 45% 25% 35% 15%
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Pohio Corp. reported total assets of $500000, $400000, $370000 in the year 2016, 2015 and 2014 respectively. If 2015 is the base year, what is the percentage change for 2016?
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- The comparative balance sheet of Prime Sports Gear, Inc., at December 31, the end of the fiscal year, is as follows: Additional data obtained from the records of Prime Sports Gear are as follows: a. Net income for 2013 was 121,610. b. Depreciation reported on income statement for 2013 was 46,500. c. Purchased 165,000 of new equipment, putting 90,000 cash down and issuing 75,000 of bonds for the balance. d. Old equipment originally costing 19,500, with accumulated depreciation of 7,950, was sold for 8,000. e. Retired 60,000 of bonds. f. Declared cash dividends of 64,000. g. Issued 1,500 shares of common stock at 27 cash per share. Open the file CASHFLOW from the website for this book at cengagebrain.com. First, enter the formulas. Then, complete the worksheet in the manner described next. According to the problem, cash increased from 39,600 to 67,210 during the year. This is a 27,610 increase. To record this increase on the worksheet, move to row 17. Since this is the first account you are analyzing, enter the letter a in column C. Then enter 27610 in column D (a debit since cash increased). This brings the year-end balance (column G) to 67,210, its proper balance. Now move to the bottom part of the statement where you see the categories Operating Activities, Investing Activities, and so on. The credit side of the entry has to be entered here. The proper space for this cash entry is on row 59. Enter the letter a in cell E59 and 27610 in cell F59. Notice the totals at the bottom of the page (row 60) now agree. The next account balance that changed is accounts receivable. It increased by 9,035. To enter this change on the worksheet, enter the letter b in cell C18 and 9035 in cell D18 (again, a debit since accounts receivable increased). This brings the year-end balance in column G to 121,250, its proper balance. The change in accounts receivable balance is an operating activity adjustment (as explained in your textbook). Enter the credit side of this entry in cells E34 and F34, and enter the explanation Increase in accounts receivable in cell A34. Note: Your textbook probably shows Net income as the first item under Operating Activities. We will get to that later. The sequence in which you enter items on this worksheet is not important. All other balance sheet accounts must be analyzed in the same manner, placing appropriate debit or credit entries in the top part of the worksheet to obtain the proper balances in column G, and then entering the second side of the entry in the appropriate row on the bottom part of the worksheet. You should use letter references to identify all entries. Also, you must enter a description of the entry in column A under the appropriate activity category. Although a sequence of analyzing the balance sheet from top to bottom is suggested here, this order is not necessary. As mentioned earlier, your textbook may specify a different sequence. Also, note that some accounts may have both debit and credit adjustments to them. The worksheet is not a substitute for a statement of cash flows, but it does provide you with all the numbers you need to properly prepare one. You will be done with your analysis when: a. The individual account balances at December 31, 2013, as shown on the worksheet (column G) equal those shown in the given problem data. b. The transaction column totals are equal (cells D60 and F60). c. The sum of the operating, investing, and financing activities (cell G59) equals the change in cash (cell D59 or F59). When you are finished, enter your name in cell A1. Save your completed file as CASHFLOW2. Print the worksheet when done. Also print your formulas. Check figure: Total credits at 12/31/2013 (cell G31), 860,460.A company reported P 18,000 of net income for 2013, P 24,000 for 2014 and P 26,000 for 2015. The percentage change in net income from 2014 to 2015 was:Assume Nordstrom Inc. reports net income of $667 million for its fiscal year ended January 2016. At the beginning of that fiscal year, Nordstrom had $9,467 million in total assets. By fiscal year ended January 2016, total assets had decreased to $7,920 million. What is Nordstrom's ROA?
- Given the historical income statement of Mega Trade Inc., how much would be added to the company's retained earning for the year 2016 (in millions)? Income Statement ( $ Million) Year End 2015 2016 2017 2019 Sales 1, 234.90 1,251.70 1,300.40 1,334.40 Cost of Sales -679.1 -659 -681.3 -667 Gross Operating Income Selling & Administration -339.7 -348.6 -351.2 -373.3 Depreciation -47.5 -52 -55.9 -75.2 Other Income / Expenses 11.8 7.6 7 8.2 Earnings Before Interest and Taxes Interest Income 1.3 1.4 1.7 2 Interest Expense -16.2 -15.1 -20.5 -23.7 Pre Tax Income Income Taxes -56.8 -64.2 -67.5 -72.6 Net Income Dividends -38.3 -38.7 -39.8 -40.1Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $319,767; costs = $178,650; other expenses = $5,786; depreciation expense = $18,444; interest expense = $14,233; taxes = $17,008; dividends = $10,711. In addition, you’re told that the firm issued $5,368 in new equity during 2015 and redeemed $5,570 in outstanding long-term debt. If net fixed assets increased by $21,756 during the year, what was the addition to NWC?Jones Enterprises reported sales revenue totaling $672,000, $668,000, and $708,000 in the years, 2015, 2016, and 2017, respectively.Performing trend analysis, with 2015 serving as the base year, what is the percentage for 2017? Question 15 options: A) 19.08% B) 28.21% C) 105.36% D) 105.99%
- 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?Following are financial statement numbers and ratios for Lockheed Martin Corp. for the year ended December 31, 2016. If we expected revenue growth of 3.5% in the next year, what would projected revenue be for 2017? Total revenue (in millions) $47,248 Net operating profit margin (NOPM) 8.8% Net operating asset turnover (NOAT) 3.3The assets of Blue Co. showed $560,000 for 2018. In 2019 it had an increase of $280,000. What was the percentage of increase for total assets?
- Following 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?Net income was $364,000 in 2017 and $418,600 in 2018. The year- to-year percent change in net income is: Group of answer choices 15%. 13%. $54,600. 87%.As of December 31, 2015, Lincolnshire Company had assets of $1,850,000 and liabilities of $570,000. During 2016, the stockholders invested an additional $100,000 and paid dividends of $60,000 from the business. What is the net income for the company during 2016, assuming that as of December 31, 2016, assets were $1,960,000, and liabilities were $510,000? Group of answer choices A) $170,000 B) $130,000 C) $210,000 D) $40.000