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....
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd....
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd.
Comparative Income Statement
This Year
Last Year
Sales
$
7,340,000
$
5,578,400
Cost of goods sold
4,620,000
3,510,500
Gross margin
2,720,000
2,067,900
Selling and administrative expenses:
Selling expenses
1,389,000
1,076,000
Administrative expenses
709,500
610,500
Total expenses
2,098,500
1,686,500
Net operating income
621,500
381,400
Interest expense
101,000
94,000
Net income before taxes
$
520,500
$
287,400
Members of the company’s board of directors are surprised...
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....
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...
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd....
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd.
Comparative Income Statement
This Year
Last Year
Sales
$
7,390,000
$
5,616,400
Cost of goods sold
4,770,000
3,506,500
Gross margin
2,620,000
2,109,900
Selling and administrative expenses:
Selling expenses
1,384,000
1,078,500
Administrative
expenses
708,500
614,000
Total expenses
2,092,500
1,692,500
Net operating income
527,500
\417,400\
Interest expense
104,000
87,000
Net income before taxes
$
423,500
$
\330,400\
Members of the company’s board of
directors...
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto: McKenzie Sales, Ltd....
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto: McKenzie Sales, Ltd. Comparative Income
Statement This Year Last Year Sales $ 7,320,000 $ 5,563,200 Cost of
goods sold 4,690,000 3,513,500 Gross margin 2,630,000 2,049,700
Selling and administrative expenses: Selling expenses 1,399,000
1,073,500 Administrative expenses 707,500 610,000 Total expenses
2,106,500 1,683,500 Net operating income 523,500 366,200 Interest
expense 105,000 89,000 Net income before taxes $ 418,500 $ 277,200
This Year Last Year Sales % % Cost of...
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd....
A comparative income statement is given below for McKenzie
Sales, Ltd., of Toronto:
McKenzie Sales, Ltd.
Comparative Income Statement
This Year
Last Year
Sales
$
7,390,000
$
5,616,400
Cost of goods sold
4,730,000
3,506,500
Gross margin
2,660,000
2,109,900
Selling and administrative expenses:
Selling expenses
1,382,000
1,076,000
Administrative expenses
710,500
612,000
Total expenses
2,092,500
1,688,000
Net operating income
567,500
421,900
Interest expense
100,000
87,000
Net income before taxes
$
467,500
$
334,900
Required: 1. Express each year's income statement in common-size...
Sundahl Company’s income statements for the past 2 years are as
follows:
Sundahl Company
Income Statements...
Sundahl Company’s income statements for the past 2 years are as
follows:
Sundahl Company
Income Statements
For the Years 1 and 2
Year 1
Year 2
Sales
$2,000,000.00
$1,800,000.00
Less: Cost of goods sold
($1,400,000.00)
($1,200,000.00)
Gross margin
$600,000.00
$600,000.00
Less operating expenses:
Selling expenses
($300,000.00)
($300,000.00)
Administrative expenses
($100,000.00)
($110,000.00)
Operating income
$200,000.00
$190,000.00
Less:
Interest expense
($50,000.00)
($40,000.00)
Income before taxes
$150,000.00
$150,000.00
Required:
1.
Prepare a common-size income statement for Year 1 by expressing
each line item...
Income
Statement
&nbs
Income
Statement
Balance Sheet
Sales $20,000,000 Assets:
Cost of Goods Sold 8,000,000 Cash $ 5,000,000
12,000,000 Marketable Securities 12,500,000
Selling and Administrative 1,600,000 Accounts Receivable, net
2,500,000
Depreciation 3,000,000 Inventory 30,000,000
7,400,000 Prepaid Expenses 5,000,000
Interest 2,000,000 Plant & Equipment 30,000,000
5,400,000
Taxes (40%) 2,160,000 Total Assets
85,000,000
3,240,000
Common Stock Div. 600,000 Liabilities and
Equity:
$2,640,000 Accounts Payable $20,000,000
Notes
Payable
5,000,000
Accrued Expenses
5,000,000
Bonds
25,000,000
Common
Stock
5,000,000
Capital in Excess of Par 10,000,000
Retained...
Income statements for Zachary Company for Year 3 and Year 4
follow:
ZACHARY COMPANY
Income Statements...
Income statements for Zachary Company for Year 3 and Year 4
follow:
ZACHARY COMPANY
Income Statements
Year 4
Year 3
Sales
$
201,600
$
181,600
Cost of goods sold
143,300
121,300
Selling expenses
20,200
18,200
Administrative expenses
12,100
14,100
Interest expense
3,500
5,500
Total expenses
$
179,100
$
159,100
Income before taxes
22,500
22,500
Income taxes expense
6,900
3,600
Net income
$
15,600
$
18,900
Required
a. Perform a horizontal analysis, showing the
percentage change in each income statement component...