whats the return on assets?whats the return on common stockholders equity? Ivanhoe MedicalComparative Income Statement and Statement of Retained EarningsFor the Year20202019Sales revenue (all on account)$ 10,177,200$ 9,613,900Cost of goods sold5,613,1505,298,750Gross profit4,564,0504,315,150Operating expenses2,840,2502,634,150Net operating income1,723,8001,681,000Interest expense300,400308,650Net income before taxes1,423,4001,372,350Income taxes (30%)427,020411,705Net income$ 996,380$ 960,645Dividends paidPreferred dividends29,55029,550Common dividends433,450413,050Total dividends paid463,000442,600Net income retained533,380518,045Retained earnings, beginning of year3,660,3953,142,350Retained earnings, end of year$ 4,193,775$ 3,660,395 20202019AssetsCurrent assetsCash$ 380,000$ 417,500Accounts receivable, net1,035,000776,500Inventory726,000681,050Other current assets381,400247,000Total current assets2,522,4002,122,050Property, plant, & equipment, net8,738,6258,439,845Total assets$ 11,261,025$ 10,561,895Liabilities and Stockholders' EquityCurrent liabilities$ 3,201,000$ 2,846,100Long-term debt3,702,6503,892,600Total liabilities6,903,6506,738,700Preferred stock, $5 par value58,90058,900Common stock, $0.25 par value104,700103,900Retained earnings4,193,7753,660,395Total stockholders' equity4,357,3753,823,195Total liabilities and stockholders' equity$ 11,261,025$ 10,561,895

The Return on assets It is the return ratio calculated by dividing Net income by total average…

Answered: whats the return on assets? whats the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Use the information below to answer questions 3, 4, 5 and 6. 2020 2021 Sales$5,300 $5,900 Depreciation750850COGS24002900Interest180196Cash200500Accts Receivables200400Notes Payable800550Long-term debt15001950Net fixed assets30003500Accounts Payable250400Inventory700900Dividend payout30%30%Tax rate35%30% What is the ROE for 2021?
ASSET 2022 2021 CASH 260,000 200,000 TRADE RECEIVABLE 400,000 300,000 INVENTORIES 360,000 400,000 LAND 3,000,000 2,000,000 BUILDING 3,000,000 3,000,000 EQUIPMENT 80,000 150,000 ACCUMULATED DEPRECIATION -EQUIPMENT (30,000) (70,000) TOTAL 7,070,000 5,980,000 LIABILITIES & EQUITY TRADE PAYABLE 240,000 200,000 BOND PAYABLE 1,200,000 2,000,000 COMMON SHARES 2,400,000 1,200,000 RETAINED EARNING 3,230,000 2,580,000 TOTAL 7,070,000 5,980,000 ADDITIONAL INFORMATION PROFIT FOR 2022…
2020 2019 Net profit for the year 1200 1100 Depreciation for the financial year 80 70 Accumulated depreciation 400 320 Fixed asset impairment reversal gains 50 20 Profits for the sale of fixed assets 100 50 Based on the above information, the cash flow of 2020 before changes in working capital accounts is?
LiabilitiesOMRAssetsOMRShare capital400,000Land and building280,000Net profit60,000Plant and machinery700,000General reserve80,000Stock400,000Debentures840,000Debtors200,000Creditors200,000Bills receivables20,000Bills payable100,000Cash80,000Total1,680,000Total1,680,000 1>calculate total current liabilites 2>calculate total Current assets
- How much was the investment acquisition cost at July 1, 2020? A.P515,100 B. P510,000 C. P509,400 D. P504,900 - What is the investment carrying amount at December 31, 2020? A. P647,600 B. P550,000 C. P541,350 D. P536,250
The carrying amount of the intangible assets as of December 31,2020 is A) 7,400,000 B) 9,000,000 C) 9,070,000 D) 8,850,000
2021 2020 Net profit for the year 2300 2150 RECEIPTS FROM GRANTS FOR THE FINANCIAL YEAR 800 300 Revenue from grants for the financial year 200 150 Profit on the sale of fixed assets and investments in the financial year 400 0 Staff compensation provisions 250 200 Loss on impairment of fixed assets for use 400 100 Depreciation for use 500 450 Other operating costs 2200 2100 Total operating expenses 3350 2850 Taking into account that the income and expenses of the year are realized either in cash or with short-term credit, the working capital created or consumed during the fiscal year 2021 by the operating activity is;
2021 2020 Value of fixed assets 2200 1800 accumulated depreciation 800 600 Revaluation differences 300 200 REVALUATION AMOUNT INCREASE IN VALUE (GROSS BEFORE DEPRECIATION) OF FIXED ASSETS 150 0 how much is the depreciation of 2021
2020 2019 Receivable from Construction contract Costs incurred each year. Construction in progress Partial billings on contract Collection each year P252,000 P240,000 460,800 292,800 873,600 240,000 720,000 2,167,000 8. The gross profit recognize from the long term construction contract is: 2019 2020 a. P52,800 P52,800 P547,200 b. P40,800 P240,000 C. d. P40,800 P307,200 P120,000
43. What is the carrying amount of the investment in associates at December 31, 2021? A. P708,500 B. P716,000 C. P718,000 D. P720,000
1. ZZZZZZ had net current assets of P2,000,000 at the end of 2022 and P1,800,000 at the end of 2021. In addition, ZZZZZZ had net spontaneous current liabilities of P1,000,000 in 2022 and P1,500,000 in 2021. Using this information, ZZZZZZ net current asset investment for 2022 was 2. At the beginning of the year, KKKKK had P100,000 in cash. The company undertook a major expansion during this same year. Looking at its statement of cash flows, you see that the net cash provided by its operations was P300,000 and the company’s investing activities required cash expenditures of P800,000. The company’s cash position at the end of the year was P50,000. What was the net cash provided by the company’s financing activities? 3. An analyst has collected the following information regarding YYYYY: Earnings before interest and taxes (EBIT) = P700 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) = P850 million. Interest expense = P200 million. The corporate tax…
#9 YOO-YOO Corporation has the following investment which was held throughout 2021–2022: Fair Value Cost 12/31/21 12/31/22 Equity investment $836000 $1128000 $1060000 What amount of gain or loss would YOO-YOO Corporation report in its income statement for the year ended December 31, 2022, related to its investment, if the fair value method of accounting was used? $292000 gain. $68000 loss. $68000 gain. $224000 gain.

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS

whats the return on assets? whats the return on common stockholders equity?