Sat 11:42 PMiewHistory Bookmarks Window Helpv2.cengagenow.comPrint ItemCalculatoreBookAsset turnoverThree major segments of the transportation industry are motor carriers, such as Atlantic; railroads, such as Pacific; and transportation arrangementservices, such as Mediterranean. Recent financial statement information for these three companies is shown as follows (in thousands of dollars):AtlanticPacificMediterraneanSales$354,724$5,944,043$1,426,290Average total assets886,8101,213,070475,430a. Determine the asset turnover for all three companies. Round to one decimal place.AtlanticPacificMediterraneanb. The ratio of sales to assets measures the number of sales dollars earned for each dollar of assets. The greater the number of sales dollars earnedfor every dollar of assets, the moreefficient a firm is in using assets.FeedbackCheck My Worka. Divide sales by average total assets.b. Consider the differences among the three companies.Learning Objective 5.Check My WorkPreviousNextAll work saved.Save and ExitSubmit Assignment for GradingJUL13P

Fixed Asset turnover: Fixed asset turnover is a ratio that measures the productive capacity of the…

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Corporate Financial Accounting

15th Edition

ISBN:9781337398169

Author:Carl Warren, Jeff Jones

Publisher:Carl Warren, Jeff Jones

Chapter11: Liabilities: Bonds Payable

Section: Chapter Questions

Problem 11.4MAD: Analyze and compare Hilton and Marriott Hilton Worldwide Holdings, Inc. (HLT) and Marriott...

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Analyze and compare Hilton and Marriott Hilton Worldwide Holdings, Inc. (HLT) and Marriott International, Inc. (MAR) are two of the largest hotel operators in the world. Selected financial information from recent income statements for both companies follows (in millions): Hilton Marriott Operating income 1,861 1,368 Interest expense (587) (234) Other income (expense) items (19) 50 Income before income tax expense 1,255 1,184 Income tax expense (891) (404) Net income 364 780 a. Compute the times interest earned ratio for each company. Round to one decimal place. b. Which company appears to better protect creditor interest? Why?
ITEM 3th (60 UNITS) The data of the commercial enterprise OMIKRON SA on 30/11/2020 were the the following (amounts in €): Buildings 30,000 - Mechanical equipment 4.000 - Goods (Starting goods) 19.500 - Customers 3,000 - Bills Receivable 5,150 - Cheques Receivable 2,500 - Staff advances of 1,000 Fund 9,500 - Sight deposits 13,500 - Capital - 25,000 Bank loans - 31,500 Suppliers - 10,750 Bills Payable - 11,300 Cheques Payable - 6,000 Tax and duty (VAT) liabilities - 3,600 Requested: The balance sheet of the company should be drawn up on the basis of the above data. according to the ELP. Make the registration open. Enter the following transactions in the month's calendar December: 3.1. Collects from the OMIKRON customer for post-dated payment cheque 1.500€ in cash (Receipt of collection N. 345). 3.2. Sale of goods to PETROU S.A. for a value of 20.000€ plus 24% VAT with 1/2 with bank transfer and the balance with exchange maturity 15/3/2021 (Tim. N. 46). 3.3. Purchase of goods worth…
Marked out of 20.00P Flag questionusing the income summary account for the month ofSiren MarketingAdjusted Trial BalanceMay 31, 2022Account TitleCashDebitCredit$8, 600Accounts Receivable$2, 500Prepaid Insurance$2,700 Accounts PayableUnearned RevenueKirk, Capital$1, 200$1, 800$5, 880Kirk, Withdrawals$1,600Service Revenue$8, 620Advertising Expenselnsurance ExpenseRent Expense Total$790$450$860$17,500 $17,500No comma or dollar sign should be included in the imput icklPrepare the closing entries in the proper order. For transactions that have more than 1 debit or more than 1 deditDebitAccount Title and Explanation Date May 31
Hw.131. Sheridan Corporation reported net sales of $284,700, cost of goods sold of $156,585, operating expenses of $43,800, net income of $28,470, beginning total assets of $537,100 and ending total assets of $604,200 (a1) Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, eg10.2%)
3. The following was the trial balance extract from ABC Trading as at 31 March 2019.Particulars DEBIT (RM) CREDIT (RM)Purchases and Sales 22,800 41,000Inventory on 1 April 2018 5,100Capital 8,170Bank overdraft 4,300Cash 140Discount allowed and received 1,440Returns inwards and outwards 790Carriage outwards 2,180Office expenses 450Fixtures and fittings 1,210Delivery van 2,000Accounts receivables and account payables 11,900 6,720Rent and insurance 1,790Drawings 2,850Wages and salaries 8,980TOTAL 61,690 61,690Additional information as at 31 March 2019:a. Inventory on 31 March 2019 was RM4,250b. Wages and salaries accrued as at 31 march 2019 was RM210; outstanding office expenses was RM30c. Rent and insurance prepaid was RM150Required:i. Prepare the Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 March 2019ii. Prepare Statement of Financial Position as at 31 March 2019
Item5 eBookPrintReferencesCheck my workCheck My Work button is now disabled1Item 5 Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 36,480,000 Net operating income $ 2,808,960 Average operating assets $ 8,000,000 The company's minimum required rate of return 16% The division's residual income is closest to: Multiple Choice $2,808,960 $4,088,960 $(3,027,840) $1,528,960
A2 1g May I please have the answer in formula form and not in excel. Thx:) Use the following information for Delta Corporation to answer question 1: Year 20X1 20X2 Net sales $1,500,000 $1,656,598 Cost of goods sold 675,000 745,469 Depreciation 270,000 298,188 Interest paid 43,600 44,000 Cash 127,500 140,811 Account’s receivable 450,000 496,980 Inventory 525,000 579,809 Net fixed assets 1,800,000 1,987,918 Accounts payable 375,000 414,150 Notes payable 45,000 50,000 Long-term debt 500,000 500,000 Common stock 1,000,000 1,000,000 Retained earnings 982,500 1,241,368 Tax rate 35% 35% Dividend payout 30% 30% Delta has 600,000 common shares outstanding. The firm is projecting a 20% increase in net sales for the coming year (20X3). Delta uses the percentage of sales approach to plan for its financing needs. In using this approach, the firm assumes that cost of…
Question 2:The following Trial Balance was extracted from the books of Mr Smith as at30 December 20X1: Debit CreditRM RMSales and Purchases 68,080 215,580Returns 220 380Inventories as at 1 January 20X1 18,400Rent received 9,000Building at cost 520,000Advertising expenses 27,600Trade receivables and Trade Payables 168,000 100,000Salaries and wages 68,000Motor vehicles at cost 100,000Insurance 24,000Sundry expenses 15,000Accumulated depreciation: Motor vehicles 40,000Accumulated depreciation: Buildings 64,000Electricity and water 7,100Allowance for doubtful debts 1,200Discounts 3,000 7,000Printing and stationery 2,496Cash in hand 136,000Bank overdraft 736Capital 720,0001,157,896 1,157,896 Additional information:1. Rent received in arrears as at 31 December 20X1 was RM1,000.2. Insurance includes RM2,000 paid for January and February 20X2.3. Depreciation charges are to be provided as follows:- Motor vehicles at 10% per annum on net book value- Buildings at the rate of 1% per annum on…
Q4. From the following information of XYZ Company, prepare a multi-step income statement For the Year Ended December 31, 2021 Sales $137,460 Sales Returns $2,060 Sales Discounts $5,190 Cost of Goods Sold $62,990 Freight-Out $6,150 Advertising Expense $5,790 Sales Commissions Expense $3,470 Office Salaries Expense $18,510 Office Rent Expense $14,000 Office Supplies Expense $5,330 Gains on Sale Equipment $2,430 Loss on Sales of Investments $1,640 Interest Expense $930
I need help figuring out the correct journey entries for the items 4d & 10j. Problem#8. Required information [The following information applies to the questions displayed below.] At January 1 (beginning of its fiscal year), Conover, Inc., a financial services consulting firm, reported the following account balances (in thousands, except for par and market value per share): Cash $ 1,990 Accounts payable $ 300 Short-term investments 500 Unearned revenue 1,410 Accounts receivable 3,660 Salaries Payable 960 Supplies 240 Short-term note payable 870 Prepaid expenses 4,810 Common stock ($1 par value) 140 Office equipment 1,620 Additional paid-in capital 6,650 Accumulated depreciation-office equipment* (390) Retained earnings 2,100 *This account has a credit balance representing the portion of the cost of the equipment used in the…
22. Nottage Company has four separate operating segments: East North West South Sales to Outsiders 188,000 126,000 65,000 43,000 Intersegment Transfer 16,000 6,000 13,000 8,000 What revenue amount must one customer generate before it must be identified as a major customer? a. $39,600 b.$42,200 c.$46,500 d.$49,200
DATA ENVELOPMENT ANALYSIS OUTPUT INPUT STORE LOCATION SALES EBITDA STORE ARE(SQ.FT) #EMPLOYEES 1 A 47,682,116 7,459,291 35,523.00 62.0 2 B 42,612,114 3,880,099 39,493.00 75.00 3 C 44,187,228 4,215,221 39,731.00 79.00 4 D 30,487,610 4,201,924 35,833.00 77.00 5 E 41,535,542 5,182,632 36,552.00 75.00 6 F 24,497,561 3,079,086 37,328.00 61.00 7 G 43,749,818 6,485,312 38,709.00 79.00 8 H 24,081,113 1,820,738 37,827.00 66.00 9 K 44,711,757 6,310,682 35,631.00 66.00 10 L 32,138,829 125,696…

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