For fiscal year 2017, Crown Point Products had income as
follows: Sales $56,000,000 Less: Cost of...
For fiscal year 2017, Crown Point Products had income as
follows: Sales $56,000,000 Less: Cost of goods sold 38,200,000
Selling and administrative expense 5,610,000 Interest expense
1,010,000 Income before taxes 11,180,000 Less income taxes
3,913,000 Net income $7,267,000 Total assets were $96,000,000, and
noninterest-bearing current liabilities were $3,600,000. The
company has a required rate of return on invested capital equal to
10 percent. Calculate NOPAT, invested capital, and ROI for Crown
Point Products. (Round ROI to 2 decimal places, e.g....
For fiscal year 2017, Crown Point Products had income as
follows:
Sales $54,000,000
Less:
Cost of...
For fiscal year 2017, Crown Point Products had income as
follows:
Sales $54,000,000
Less:
Cost of goods sold 38,200,000
Selling and administrative expense 5,670,000
Interest expense 1,030,000
Income before taxes 9,100,000
Less income taxes 3,185,000
Net income $5,915,000
Total assets were $95,000,000, and noninterest-bearing current
liabilities were $3,500,000. The company has a required rate of
return on invested capital equal to 12 percent.
Calculate NOPAT, invested capital, and ROI for Crown Point
Products. (Round ROI to 2 decimal places, e.g....
Consider the following information for Hiroole Electronics:
12/31/2017 12/31/2018 Total assets $12,553,000 $13,049,600
Noninterest-bearing current liabilities...
Consider the following information for Hiroole Electronics:
12/31/2017 12/31/2018 Total assets $12,553,000 $13,049,600
Noninterest-bearing current liabilities 545,400 623,000 Net income
759,500 801,000 Interest expense 2,307,400 332,100 Tax rate 40% 40%
Required rate of return 10% 12% Collapse question part (a) Evaluate
the company in terms of residual income (RI), which is equivalent
to EVA since there are no adjustments for accounting distortions.
(Enter negative answers preceding either - sign, e.g. -45 or in
parentheses, e.g. (45).) 2017 2018 Residual income...
Problem 12-4 (Part Level Submission) Consider the following
information for Walla Walla Electronics: 12/31/2017 12/31/2018
Total...
Problem 12-4 (Part Level Submission) Consider the following
information for Walla Walla Electronics: 12/31/2017 12/31/2018
Total assets $12,514,000 $11,443,800 Noninterest-bearing current
liabilities 563,100 552,000 Net income 739,200 927,700 Interest
expense 2,285,800 308,040 Tax rate 40% 40% Required rate of return
10% 12% (a) Evaluate the company in terms of residual income (RI),
which is equivalent to EVA since there are no adjustments for
accounting distortions. (Enter negative answers preceding either -
sign, e.g. -45 or in parentheses, e.g. (45).) 2017...
Runner Mills is a division of Iowa Woolen Products. For the most
recent year, Runner had...
Runner Mills is a division of Iowa Woolen Products. For the most
recent year, Runner had net income of $18,000,000. Included in
income was interest expense of $1,260,000. The operation’s tax rate
is 20 percent. Total assets of Runner Mills are $211,500,000,
current liabilities are $46,800,000, and $32,400,000 of the current
liabilities are noninterest bearing.
Calculate NOPAT, invested capital, and ROI for Runner Mills.
(Round ROI to 2 decimal places, e.g.
15.25.)
NOPAT
$19,008,000
Invested capital
$179,100,000
ROI
10.61%
Can...
Problem 5-06A (Video)
At the end of Novak Department Store’s fiscal year on November
30, 2020,...
Problem 5-06A (Video)
At the end of Novak Department Store’s fiscal year on November
30, 2020, these accounts appeared in its adjusted trial
balance.
Freight-In
$7,700
Inventory
38,300
Purchases
569,700
Purchase Discounts
6,500
Purchase Returns and Allowances
3,000
Sales Revenue
1,042,000
Sales Returns and Allowances
19,400
Additional facts:
1.
Merchandise inventory on November 30, 2020, is $51,900.
2.
Novak Department Store uses a periodic system.
Prepare an income statement through gross profit for the year ended
November 30, 2020. (Enter...
The following income statements and other information are
available for the Cato Company:
2020
2019
2018...
The following income statements and other information are
available for the Cato Company:
2020
2019
2018
Sales
$494,000,000
$325,000,000
$247,000,000
Less cost of goods sold
273,000,000
156,000,000
118,300,000
Gross margin
221,000,000
169,000,000
128,700,000
Less:
Selling and administrative
costs
35,750,000
32,175,000
25,454,000
Research and development
13,260,000
16,120,000
12,285,000
Income from operations
171,990,000
120,705,000
90,961,000
Less taxes on income
34,398,000
24,141,000
18,192,200
Net income
$137,592,000
$96,564,000
$72,768,800
Total assets
$929,500,000
$864,500,000
$573,300,000
Noninterest-bearing current liabilities
18,200,000
14,690,000
12,844,000
Cost of capital
12%...
The Duffy Dog Book Company has two divisions: The Brick and
Mortar division sells books through...
The Duffy Dog Book Company has two divisions: The Brick and
Mortar division sells books through more than 100 bookstores
throughout the United States; the Internet division was formed 18
months ago and sells books via the Internet. Data for the past year
are:
Brick and Mortar
Division
Internet
Division
Total assets
$207,360,000
$19,814,400
Noninterest-bearing current liabilities
8,985,600
3,225,600
Interest expense
1,612,800
535,680
Net income (loss)
35,596,800
(1,440,000
)
Tax rate
20%
0
Cost of capital
10%
12%
Evaluate the...
Macon Mills is a division of Bolin Products, Inc. During the
most recent year, Macon had...
Macon Mills is a division of Bolin Products, Inc. During the
most recent year, Macon had a net income of $36 million. Included
in the income was interest expense of $2,400,000. The company's tax
rate was 40%. Total assets were $466 million, current liabilities
were $106,000,000, and $68,000,000 of the current liabilities are
noninterest bearing.
What are the invested capital and ROI for Macon? Enter your
answer in whole dollar. Round "ROI" answer to two decimal
places.
Invested Capital
$ ...
Macon Mills is a division of Bolin Products, Inc. During the
most recent year, Macon had...
Macon Mills is a division of Bolin Products, Inc. During the
most recent year, Macon had a net income of $37 million. Included
in the income was interest expense of $2,700,000. The company's tax
rate was 40%. Total assets were $469 million, current liabilities
were $99,000,000, and $70,000,000 of the current liabilities are
noninterest bearing.
What are the invested capital and ROI for Macon? Enter your
answer in whole dollar. Round "ROI" answer to two decimal
places.
Invested Capital
$fill...