Where can I find the net profit after tax of a company? I am looking at a balance sheet and I do not see it. I am trying to calculate the ROA of Carnival (CCL)

Q: Which one of the following would appear on IBM’s statement of financial position

A: In accounting statement of financial position is also known as balance sheet. In a statement of…

Q: Differentiate the tax effects of financing a company with stocks and debts. Your answer should…

A: Stock are have high cost because expectations of shareholders are very high and also there is no tax…

Q: Net operating profit after taxes (NOPAT) is the amount of net income a company would generate from…

A: Solution : Net operating profit after taxes (NOPAT) is the amount of net income a company would…

Q: If two companies have exact same PBIT but one of them has some debt finance, would they pay same of…

A: Whether two companies who have exact same PBIT but one of them has some debt finance, would they pay…

Q: evaluate the impact of tax rate changes on a company’s fi nancial statements and ratios;

A: Changes to the income tax rate can significantly impact a company’s financial statements and the…

Q: If a firm’s common-size income statement shows that the earnings after tax percentage is too low,…

A: The common size statement is a statement related to performance of company with respect to base…

Q: why most of the companies used gross profit method?

A: Gross method is used to evaluate the inventory at year end.

Q: What are bad debts?

A: Hi Student Since there are multiple questions, we will answer only first question. If you want…

Q: What is the benefit of published financial statements for companies and the ratio analysis?

A: Solution:- Financial statements show the financial performance of the company over a period of time…

Q: In a financial statement or other financial forms, where do I find or how do I find: Net Income/…

A: Financial Statements are the official or formal records of the financial activities of the business.…

Q: What is the controlling interest percentage for a business combination tax return? what does a…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: What is E&P and how is it different than a company's net income?

A: Earnings and profits (E&P) are a company's ability to pay dividends to its shareholders. Many…

Q: Which of the following is an item found on a company's balance sheet? a. Net Income b. Owners'…

A: SOLUTION- OWNERS EQUITY- IT IS THE AMOUNT THAT BELONGS TO THE OWNERS OF THE BUSINESS AS SHOWN ON THE…

Q: How can we n determine the net income (profits) of the firm mainly for the operating activities?

A: Statement of cash flows: It is one of the financial statements that show the cash and cash…

Q: If a company failed to record an accrued income, what would be the effects?

A: Accrued income is that income which is being earned by the business for the particular period of…

Q: Accountant’s Report:   Who are the independent CPA’s? What kind of opinion did they express? Should…

A: Independent auditor An independent auditor is either engaged in any public firm or is self-employed.…

Q: When analyzing a company's financial report, what are the most likely indicators that a company is…

A: A tax is a financial charge imposed by government. It is a source of income for the governments to…

Q: Which of the following statements regarding the current ratio is true? a.The current ratio is more…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: Explain how LIFO, FIFO, and Weighted average inventory systems will have different affects on a…

A: FIFO (First in first out) method makes the assumption that inventory items that are purchased first…

Q: If the revenues are correctly reported and the gross profit of a company is understated, what is the…

A: There would be effect on the retained earnings on stockholders' equity if the gross profit is not…

Q: a. What is the cost of equity of each companies? b. What is the after tax cost of debt of each…

A: The Cost of equity: The required rate of returns that shareholders expect from holding a company's…

Q: ompany can not rely on net income as a valid measure to pay fixed charges

A:

Q: Can a business earn a gross profit but incur a net loss? Explain.

A: Gross Profit: Gross profit represents the revenue after the deduction of cost of goods sold from the…

Q: Is there a reason to pick one over the other? Which formula would apply to a certain company or…

A: The FCFF formulae: All the four formulae provided above are used to find the FCFF. However the…

Q: Discuss why the after-tax cost of equity (common or preferred) does not have to be adjusted by the…

A: Equity shareholders are considered as owners of the company and amount invested by equity…

Q: Does "commission income" go onto the Statement of Comprehensive income? We usually capture interest…

A: Net profit means the difference between the income and expenses. Financial statement means the…

Q: when a client notices a discrepancy between annual profits calculated by the accountant versus your…

A: 1. Accountant’s Cash-based Profit: The accounting method in which the revenue is the amount of cash…

Q: Which one of the following is an advantage of LIFO? a. In periods of rising prices, less income…

A: >> LIFO Method means Last in first out i.e latest purchase is sold first. >> In rising…

Q: You are considering purchasing shares in Telstra. From your accounting knowledge you know it is…

A: Earnings quality: Earnings quality can be defined as the income reported due to increase in sales…

Q: How can I find out z-score from financial statement or balance sheet? Can you describe in detail how…

A: Z-score The Z-score is used as a tool to determine the financial position and health of a company…

Q: two reasons why these two numbers are usually different and provide an example for each difference?

A: Cash flow statement (CFS) is prepared for determining the actual cash balance that an entity has at…

Q: Can a business earn a gross profit but incur a net loss?

A: Gross Profit is computed by deducting cost of goods sold from the sales revenue of the business. And…

Q: Which of the following would not be used as a summary performance measure when using market…

A: In financial analysis the valuation of stock is done in term of multiples.

Q: FIFO and weighted average.  But what if a company wants to use LIFO to report its inventory because…

A: Introduction Dollar value of LIFO is an accounting method for valuation of inventory, this method…

Q: Which of the following would not affect a company's net income?

A: Note as more than one question is posted i am providing you answer for question 1. Net income is…

Q: Which of the following terms does not mean the same as the others? a. Bottom line b. Profit from…

A: Profit from operations is the profit derived from day to day operations of the entity. That is the…

Q: A change in the company's income taxes   Changing the selling price of a com

A: In business, net income refers to the amount of money left over after all expenses have been paid,…

Q: On an income statement, can a company report total revenues instead of net sales? Are these the same…

A: Income statement:It is the financial statement which is prepared by the company which shows the…

Q: Is the tax expense of a firm in its financial statements same as the company tax rate times of a…

A: Tax expense is the total of all the taxes that a company is responsible to pay to the authorities.…

Q: company uses the LIFO cost flow method for its income tax return, it must also use LIF ancial…

A: Financial statements of company are for the internal use only and company may use any method as per…