For the FY 2016, Alpha Company had net sales of $850,000 and net
income of $50,000,...
For the FY 2016, Alpha Company had net sales of $850,000 and net
income of $50,000, paid income taxes of $20,000, and had before tax
interest expense of $10,000. Use this information to determine the:
(Round & enter your answers to one decimal place and enter the
value.) 1. Times Interest Earned Ratio 2. Profit Margin
1) For the FY 2018, Dorchester Company's balance sheet
included the following current items: cash $41,000,...
1) For the FY 2018, Dorchester Company's balance sheet
included the following current items: cash $41,000, accounts
receivable $113,000, inventories $106,000, prepaid expenses
$17,000, accounts payable $81,000, and accrued expenses
$72,000. Use this information to determine the Current
Ratio. (Round & enter your answers to one decimal
place.)
2) For the FY 2018, Frederick Company
had net sales of $1,100,000 and net income of $85,000, paid income
taxes of $22,500, and had before tax interest expense of $20,000.
Use this information...
Paxton Company provided the following income statement for last
year:
Sales  
Paxton Company provided the following income statement for last
year:
Sales
$ 87,021,000
Cost of goods sold
(62,138,249)
Gross margin
$ 24,882,751
Operating expenses
(19,371,601)
Operating income
$ 5,511,150
Interest expense
(875,400)
Income before taxes
$ 4,635,750
Income taxes
(1,854,300)
Net income
$ 2,781,450
Calculate the times-interest-earned ratio. (Note: Round the
answer to one decimal place.)
Times interest earned
A company reports the following:
Income before income tax
$4,348,500
Interest expense
195,000...
Times interest earned
A company reports the following:
Income before income tax
$4,348,500
Interest expense
195,000
Determine the times interest earned ratio. If required, round
the answer to one decimal place.
the following data exists for Carley Company.
2018
2017
Accounts Receivable
$50,000
$70,000
Net Sales
500,000...
the following data exists for Carley Company.
2018
2017
Accounts Receivable
$50,000
$70,000
Net Sales
500,000
410,000
Calculate the accounts receivable turnover and the average
collection period for accounts receivable in days for 2018.
(Use 365 days for calculation. Round answers to 1
decimal place, e.g. 15.2.)
Accounts receivable turnover
times
Average collection period
days
Inventory Analysis
A company reports the following:
Cost of goods sold
$512,460
Average inventory
78,840
Determine...
Inventory Analysis
A company reports the following:
Cost of goods sold
$512,460
Average inventory
78,840
Determine (a) the inventory turnover and (b) the number of days'
sales in inventory. Round interim calculations to the nearest
dollar and final answers to one decimal place. Assume 365 days a
year.
a. Inventory turnover
b. Number of days' sales in inventory
days
Times interest earned
A company reports the following:
Income before income tax
$3,078,800
Interest expense
172,000
Determine the times interest earned...
Income statements for
Finch Company for 2018 and 2019 follow:
FINCH COMPANY
Income Statements
2019
2018...
Income statements for
Finch Company for 2018 and 2019 follow:
FINCH COMPANY
Income Statements
2019
2018
Sales
$
200,400
$
180,400
Cost of goods
sold
142,200
120,200
Selling
expenses
21,700
19,700
Administrative
expenses
13,000
15,000
Interest
expense
3,500
5,500
Total
expenses
$
180,400
$
160,400
Income before
taxes
20,000
20,000
Income taxes
expense
6,000
3,900
Net income
$
14,000
$
16,100
Required
Perform a horizontal
analysis, showing the percentage change in each income statement
component between 2018 and 2019.
Perform...
During 2019, company XYZ had EBIT € 4049; net income € 1646;
additions to retained earnings...
During 2019, company XYZ had EBIT € 4049; net income € 1646;
additions to retained earnings € 402 and tax rate 35 percent.
Given this information, calculate the taxes paid.
Given this information, calculate the interest expense.
What is the dividend payout ratio? Express your answer as %.
shares in Millions, $ in Millions
2018
2017
2016
Income Statement
Net Sales
$108,203
$100,904
$94,595...
shares in Millions, $ in Millions
2018
2017
2016
Income Statement
Net Sales
$108,203
$100,904
$94,595
Cost of sales
71,043
66,548
62,282
Gross profit
37,160
34,356
32,313
Operating expenses:
Selling, general and administrative
19,513
17,864
17,132
Depreciation and amortization
1,870
1,811
1,754
Impairment loss
247
0
0
Total operating expenses
21,630
19,675
18,886
Operating income
15,530
14,681
13,427
Interest and other (income) expense:
Interest and investment income
-93
-74
-36
Interest expense
1,051
1,057
972
Other
16
0
0
Interest...
Black Crown Initiate Company reported the following.
Sales $2,150,000 Cost of Goods Sold $670,000 Operating Expenses...
Black Crown Initiate Company reported the following.
Sales $2,150,000 Cost of Goods Sold $670,000 Operating Expenses
$472,000 Interest expense included in Operating Expenses $41,000
Income Taxes 32% of income before tax Stockholders' Equity
(Average) $16,000,000
Round your answers to 2 decimal places.
a) Calculate net income. Net Income = $
b) Calculate the net profit margin. Net Profit Margin = %
c) Calculate the times interest earned. Times Interest Earned
=
d) Calculate the return on equity. Return on Equity...