a. Fill in the missing numbers in the following income statement: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32. Sales Costs Depreciation EBIT Taxes (23%) Net income $ 594,000 366,800 116,900 b. What is the OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32. b. OCF c. Depreciation tax shield c. What is the depreciation tax shield? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.
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- View Policies Current Attempt in Progress Which of the following does not belong on a multi-step income statement? O Gross profit. O Net sales, Operating expenses. O Unearned revenue. Attempts: 0 of 1 used Submi Save for LaterRequired: (a) You are required to calculate the following ratios:(i) Gross profit margin(ii) Operating profit margin(iii) Expenses to sales(iv) Return on Capital Employed(v) Asset turnover(vi) Non-current asset turnover(vii) Current Ratio(viii) Quick Ratio(ix) Inventory days(x) Receivables days(xi) Payable days(xii) Interest cover (b) In light of your calculations comment on the performance of the company over thelast two years.Comparative Income Statement Use the following comparative income statement form to enter amounts you identify from the computations on the Liquidity and Solvency Measures part and on the Profitability Measures part. Compute any missing amounts and complete the horizontal analysis columns. Enter percentages as decimal amounts, rounded to one decimal place. When rounding, look only at the figure to the right of one decimal place. If 5, round up. For example, for 32.048% enter 32.0%. For 32.058% enter 32.1%. Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other expense (interest) Income before income tax expense Income tax expense Net income Comparative Income Statement For the Years Ended December 31, 20Y6 and 20Y5 $ 20Y6 8,250,000 X (1,242,000) 20Y5 $7,287,000 (3,444,000) $3,843,000 $(1,457,600) (1,106,000) $(2,563,600) $1,279,400 (120,600) $1,158,800 (181,980) $976,820 $ $ $ Increase/(Decrease) Amount 823,000 X…
- Compute the following for year 2: 2-a. Percentage markup on sales. (Round percentage answer to 1 decimal place (i.e., 0.124 should be entered as 12.4) 2-b. Income tax rate. (Round percentage answer to 1 decimal place (i.e., 0.124 should be entered as 12.4).) 2-c. Net profit margin ratio. Was it a good or poor indicator of performance? (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).) 2-d. Percentage of total resources invested in property, plant, and equipment. (Round percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).) 2-e. Debt-to-equity ratio. Interpret the result. (Round the final answer to 2 decimal places.) 2-f. Return on assets. Assume that long-term debt increased to $36,810 in month 1 of year 2. (Round intermediate calculations to 3 decimal places and percentage answer to 2 decimal places (i.e., 0.1243 should be entered as 12.43).) 2-g. Return on equity. (Round percentage answer to 2 decimal places (i.e.,…How is pro forma income statement different from breakeven analysis Please give the answer in at least 150 wordsConsider the following two statements: 1. If a company uses the LIFO cost flow method for its income tax return, it must also use LIFO for its financial statements. II. If a company uses an accelerated depreciation method (i.e., double-declining balance, MACRS) for its income tax return, it can use the straight-line method for its financial statements. Which of the above statements (is) are true? O I only Il only neither statement is true. both I and II
- 2. Using the following information realize the top of the companies using: Method of synthetic indicator (ISC, ISG) Economic Indicator weight F1(%) F2(%) F3(%) F4(%) Net profit ratio(D) Labour productivity(D) Period of collecting receivable(I) Current liquidity(D) 0.2 200 210 98 204 0.2 100 106 99 205 0.1 200 90 202 201 0.1 201 100 200 90Indicate the effect of the transactions listed in the following table on total current assets, current ration, and net income. Use (+) to indicate an increase, (-) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Be prepared to state any necessary assumptions and assume an initial current ratio of more than 1.0. A fixed asset is sold for less than book value.YOu skipped this question In the previous attempt. A1 The list below shows select accounts for Reading Readiness Company as of B D E G. 1 The list below shows select accounts for Reading Readiness Company as of January 31, 20X1. (Accounts are in alphabetical order.) 3 Accounts Payable $ 4. 8,088 Accounts Receivable 6,960 6 Cash 13,445 Equipment 4,800 8 Insurance Expense 1,350 Operating Expense Other Expenses 11,800 10 3,482 11 Other Revenues 6,050 12 4,800 Rent Expense Salaries Expense 6,882 17,200 15,400 13 14 Short-term Notes Payable 15 Test Prep Revenue 16 9,100 Tutoring Revenue Unearned Revenue 17 1,046 8 9 Required: P 1. Prepare an Income Statement for the month ended January 31, 20X1. Use cell references 1 to select account titles and amounts to be included on the income statement. Note: List revenues and expenses in order of largest to smallest dollar amounts. 2. After entering the formula in cell C42, use the Excel IF function to label cell B42 as either "Net Income" or Sheet1…
- Given the profit loss (income statement) and balance sheet for Sam’sSandwich Delivery (Table 4–8), answer the following:a. Calculate the current and quick ratios.b. Using the inventory figure on the balance sheet as average inventory, calculatethe inventory turnover ratio.c. Calculate the debt-to-equity ratio, debt-to-total-asset ratio, and operatingprofit margin ratio.d. Perform a vertical analysis of the income statement.e. Perform a vertical analysis of the balance sheet.f. Based on your analysis, would you consider investing in Sam’s SandwichDelivery?Income statements for Campbell Company for Year 3 and Year 4 follow: CAMPBELL COMPANY Income Statements Year 4 Year 3 $180,800 120,400 19,900 14,500 Sales $200,800 Cost of goods sold Selling expenses Administrative expenses Interest expense Total expenses 142,400 21,900 12,500 3,900 $180,700 5,900 $160,700 20,100 3,700 Income before taxes 20,100 Income taxes expense 6,500 Net income $ 13,600 $ 16,400 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4. (Negative answers should be indicated by a minus sign. Round your percentage answers to 1 decimal place. (i.e., 0.234 should be entered…Need detail explanation Q. Find the breakeven point and provide the income statement at break even. ** attached image