Homework Answers
| 22) | Current Ratio = Current Assets / Current Liabilities | ||||||||
| =$1564251/1086880 | |||||||||
| 1.44 | |||||||||
| Correct Option:B | |||||||||
| 23) | Times Interest Earned Ratio = EBIT/ Interest expenses | ||||||||
| =$1058302/55240 | |||||||||
| 19.16 | |||||||||
| Correct option:D | |||||||||
| 24) | Cash flows from operation to debt ratio | ||||||||
| = Cash flow from operation/ total debts | |||||||||
| =$1456084/1801897 | |||||||||
| 0.80 | |||||||||
| Correct Option :A | |||||||||
| 25) | Average Stockholders equity = (opening balance + Closing Balance )/2 | ||||||||
| =($800372+1714574)/2 | |||||||||
| =$1257473 | |||||||||
| Return On Stockholders Equity = Net Income / Average Common stockholders equity | |||||||||
| =$601837/$1257473 | |||||||||
| 47.9% | |||||||||
| Correct Option:D | |||||||||
| 26) | Financial Leverage = Average Total Assets / Average Equity | ||||||||
| =[(3516471+2333346)/2]/[(1714574+800372)/2] | |||||||||
| =$2924909/1257473 | |||||||||
| 2.33 | |||||||||
| Correct Option:A | |||||||||
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please show work as needed and be neat
Use the following information to answer Questions 22-26...
Use the following selected financial information for Wilcox Corporation to answer questions 11-20. Wilcox Corporation Income...
Use the following selected financial information for Wilcox Corporation to answer questions 11-20. Wilcox Corporation Income Statement For the Year Ended December 31, 20XX Net sales $2,870 Cost of goods sold 1,985 Gross profit $ 885 Operating expenses 620 Operating profit $ 265 Interest expense 40 Earnings before taxes $ 225 Income tax expense 80 Net profit $ 145 Wilcox Corporation Balance Sheet December 31, 20XX Assets Liabilities and stockholders' equity Current assets Current liabilities Cash $ 25 Accounts payable $ 85 Short-term investments 15 Accrued liabilities 45 Accounts receivable 70 Total current...
Need the following ratios solved using the given financial data. please show work. if needed use ...
Need the following ratios solved using the given financial data.
please show work. if needed use an effective tax rate of 20%
Invested capital
CAPEX ratio
Fixed charge coverage ratio
Financial leverage 1 (equity multiplier)
Cash received from customers
mDKK As of and for the years ended 12/31: 2017 2016 Average 834 6,754 : Cash and cash equivalents 906 6,333 7,174 2,383 2,991 17,65817,101 9,911 29,937 762 Accounts receivable : Inventory 2,687: Total current assets Total assets 17,380 29,924 Accounts...
Korbin Company Required information [The following information applies to the questions displayed below.] Selected comparative financial...
Korbin Company
Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sola Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $ 410,810 247,308 163,502 58,335 36,973 95,308 68,194 12,684 $ 55,510 314,714 $ 218,400 139,776 78,624 28,829 18,127 46,956 31,668 6,429 34,777$...
Please show all work. 1. Statement of Cash Flows and Standardized Financial Statements a) Net income...
Please show all work. 1. Statement of Cash Flows and Standardized Financial Statements a) Net income for your firm was $10,000 last year. The depreciation expense was $2,500; accounts receivable increased $1,250; accounts payable increased $800; and inventories increased by $2,000. Identify the sources and uses of cash • What was the total cash flow from operations for the period? Operating activities = Net Income + Depreciation + Source (inflow) - Use foutflow) b) i) Prepare the 2018 common-size Income...
please show work as necessary and be neat al 2017 income statement and balance sheet of...
please show work as necessary and be neat
al 2017 income statement and balance sheet of Mullen, Inc. provided below Roer to the fiscal 20 MULLEN, INC. Balance Sheet 2012 As of December 31, Assets: Cash and cash equivalents Accounts receivable Inventory Current Assets 2016 $ 454,000 595,241 518,543 1,567,784 $ 374,585 419,546 548,521 1,342,652 Property, plant and equipment Less: Accumulated depreciation Property, plant and equipment-net Intangible assets 1,085,741 (388,139) 697 602 748,545 924,652 (297,504) 627,148 698.545 Total assets $3,013,931...
Required information [The following information applies to the questions displayed below.) Selected comparative financial statements of...
Required information [The following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 392,377 $ 300, 593 5 208,600 Cost of goods sold 236,211 189,975 133,584 Gross profit 156, 166 110,618 75,096 Selling expenses 55,718 41,482 27,535 Administrative expenses 35, 314 26,452 17,314 Total expenses 91.032 67,934 44,849 Income before taxes 65, 134 42,684 30,...
Can someone please explain how to do this problem please! I would greatly appreciate it? Problem...
Can someone please explain how to
do this problem please! I would greatly appreciate it?
Problem 13-4A Calculation of financial statement ratios LO P3 Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $49,900; total assets, $229,400; common stock, $84,000; and retained earnings, $42,205.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 452,600 Cost of goods sold 298,350 Gross profit 154,250 Operating...
Required information The following information applies to the questions displayed below.) Selected comparative financial statements of...
Required information The following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 557,905 $ 427,401 $ 296,600 Cost of goods sold 335,859 267,980 189,824 Gross profit 222,046 159,421 106,776 Selling expenses 79,223 58,981 39, 151 Administrative expenses 50, 211 24,618 Total expenses 129,434 96,592 63,769 Income before taxes 92,612 62,829 43, 007 Income tax...
Required information [The following information applies to the questions displayed below.) Selected comparative financial statements of...
Required information [The following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 479,843 $ 367,599 $ 255, 100 Cost of goods sold 288,865 231,587 163,264 Gross profit 190,978 136,012 91,836 Selling expenses 68,138 50,729 33,673 Administrative expenses 43,186 32,349 21,173 Total expenses 111,324 83,078 54,846 Income before taxes 79,654 52,934 36,990 Income tax expense...
Required information The following information applies to the questions displayed below. Selected comparative financial statements of...
Required information The following information applies to the questions displayed below. Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2016 $553,39 $423,94 $294,20 2017 2015 Sales 2 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 333,141 266,236 188,288 220,249 157,706 105,912 78,581 58,504 38,834 49,805 37,307 24,419 128,386 95,811 63,253 91,863 61,895 42,659 17,08712,689 8,660...
Need the following ratios solved using the given financial data.
please show work. if needed use an effective tax rate of 20%
Invested capital
CAPEX ratio
Fixed charge coverage ratio
Financial leverage 1 (equity multiplier)
Cash received from customers
mDKK As of and for the years ended 12/31: 2017 2016 Average 834 6,754 : Cash and cash equivalents 906 6,333 7,174 2,383 2,991 17,65817,101 9,911 29,937 762 Accounts receivable : Inventory 2,687: Total current assets Total assets 17,380 29,924 Accounts...
Korbin Company
Required information [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow: KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales Cost of goods sola Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income $ 410,810 247,308 163,502 58,335 36,973 95,308 68,194 12,684 $ 55,510 314,714 $ 218,400 139,776 78,624 28,829 18,127 46,956 31,668 6,429 34,777$...
Please show all work. 1. Statement of Cash Flows and Standardized Financial Statements a) Net income for your firm was $10,000 last year. The depreciation expense was $2,500; accounts receivable increased $1,250; accounts payable increased $800; and inventories increased by $2,000. Identify the sources and uses of cash • What was the total cash flow from operations for the period? Operating activities = Net Income + Depreciation + Source (inflow) - Use foutflow) b) i) Prepare the 2018 common-size Income...
please show work as necessary and be neat
al 2017 income statement and balance sheet of Mullen, Inc. provided below Roer to the fiscal 20 MULLEN, INC. Balance Sheet 2012 As of December 31, Assets: Cash and cash equivalents Accounts receivable Inventory Current Assets 2016 $ 454,000 595,241 518,543 1,567,784 $ 374,585 419,546 548,521 1,342,652 Property, plant and equipment Less: Accumulated depreciation Property, plant and equipment-net Intangible assets 1,085,741 (388,139) 697 602 748,545 924,652 (297,504) 627,148 698.545 Total assets $3,013,931...
Required information [The following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2017 2016 2015 Sales $ 392,377 $ 300, 593 5 208,600 Cost of goods sold 236,211 189,975 133,584 Gross profit 156, 166 110,618 75,096 Selling expenses 55,718 41,482 27,535 Administrative expenses 35, 314 26,452 17,314 Total expenses 91.032 67,934 44,849 Income before taxes 65, 134 42,684 30,...
Can someone please explain how to
do this problem please! I would greatly appreciate it?
Problem 13-4A Calculation of financial statement ratios LO P3 Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $49,900; total assets, $229,400; common stock, $84,000; and retained earnings, $42,205.) CABOT CORPORATION Income Statement For Year Ended December 31, 2017 Sales $ 452,600 Cost of goods sold 298,350 Gross profit 154,250 Operating...
Required information The following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 557,905 $ 427,401 $ 296,600 Cost of goods sold 335,859 267,980 189,824 Gross profit 222,046 159,421 106,776 Selling expenses 79,223 58,981 39, 151 Administrative expenses 50, 211 24,618 Total expenses 129,434 96,592 63,769 Income before taxes 92,612 62,829 43, 007 Income tax...
Required information [The following information applies to the questions displayed below.) Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2019, 2018, and 2017 2019 2018 2017 Sales $ 479,843 $ 367,599 $ 255, 100 Cost of goods sold 288,865 231,587 163,264 Gross profit 190,978 136,012 91,836 Selling expenses 68,138 50,729 33,673 Administrative expenses 43,186 32,349 21,173 Total expenses 111,324 83,078 54,846 Income before taxes 79,654 52,934 36,990 Income tax expense...
Required information The following information applies to the questions displayed below. Selected comparative financial statements of Korbin Company follow KORBIN COMPANY Comparative Income Statements For Years Ended December 31, 2017, 2016, and 2015 2016 $553,39 $423,94 $294,20 2017 2015 Sales 2 Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income taxes Net income 333,141 266,236 188,288 220,249 157,706 105,912 78,581 58,504 38,834 49,805 37,307 24,419 128,386 95,811 63,253 91,863 61,895 42,659 17,08712,689 8,660...
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