1.Calculate the operating section of cash flow using direct method2. Calculate the finance section of cash flow using the same information from the next page assuming that the cash dividend were paid3.calculate the Inventory turnover ratio with the information provided Genesis Corp.Income StatementFor Year Ended December 31, 2014S 590,000....$300,000Sales216,000Cost of goods sold.Wages and other operating expenses.Interest expense7,00015,00024,000(562,000)(6,000)Income taxes expenseDepreciation expense.Loss on sale of equipment16,000Gain on retirement of bonds2438,000Net income.Genesis Corp.Balance SheetDecember 31, 2014 and 201320142013AssetsCurrent assets:$ 17,000$ 12,000Cash60,00040,000Accounts recelvable84,00070,000Merchandise inventoryPrepaid expenses.Total current assets.Long-term assets:Property, plant and equipment.Less Accumulated depreciation.6,0004,000$167,000$126,000$250,000$210,000(60,000)5357,000(48,000)$288,000Total assets.LiabilitiesCurrent liabilities:$ 35,000$ 40,000Accounts payableInterest payable.Income taxes payable.Total current liabilitiesLong-term labilities:Bonds payable.3,0004,00022,000$ 60,00012,0005 56,00090,00064,000Total liabilities$150,000$120,000EquityContributed capital:Common shares$ 80,000Retained earningsTotal equity.Total liabilities and equity.$ 95,000112,000207,00088,000168,000$288,0005357.000

Under direct method; cash received from customer, cash paid to creditors for inventory, for…

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Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

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Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of goods sold 660.0 Gross profit 135.0 Selling expenses 73.5 EBITDA 61.5 Depreciation expenses 12.0 Earnings before interest and taxes (EBIT) 49.5 Interest expenses 4.5 Earnings before taxes (EBT) 45.0 Taxes (40%) 18.0 Net income 27.0 a. Calculate the ratios you think would be useful in this analysis. b. Construct a DuPont equation, and compare the companys ratios to the industry average ratios. c. Do the balance-sheet accounts or the income statement figures seem to be primarily responsible for the low profits? d. Which specific accounts seem to be most out of line relative to other firms in the industry? e. If the firm had a pronounced seasonal sales pattern or if it grew rapidly during the year, how might that affect the validity of your ratio analysis? How might you correct for such potential problems?
Q. No. 1. From the following information of Albert Company as on 31t December 2018: Noncurrent asset $25,00,000 Working capital Current ratio Non-current assets tumover ratio Gross profit Trade receivable turnover ratio Loss on sale of plant assets Trade payable turnover ratio Interest expenses Income tax Inventory turnover ratio 10,00,000 2:1 8 times 20% on sales 10 times $10,000 15 times S50,000 20% 10 times 10% of turn over 15% of the net income 1:1 S10,000 Net income General Reserve Capital gearing ratio Depreciation expenses Amortization on patent Doubtful expenses Derecognizing expenses $8,000 $5,000 $15,000 Required: A. Prepare a statement of Financial Performance for the year ended 31t December 2018 B. Prepare a Statement of Financial Position as of 31* December 2018.
Dok ences Refer the following table. Focus Metals Inc. Comparative Balance Sheet Information November 30 (millions of $) Cash Accounts receivable (net) Inventory Plant and equipment (net) Accounts payable Long-term notes payable* Common shares Retained earnings $ Focus Metals Inc. Income Statement Net sales Cost of goods sold Gross profit Operating expenses: Depreciation expense Other expenses Total operating expenses Profit from operations: 2023 23 $ 414 74 2,686 297 1,770 370 760 For Year Ended November 30 (millions of $) $ *90% of the plant and equipment are secured by long-term notes payable. 2,770 213 2022 93 260 67 2,330 370 277 2023 2022 $2,790 $1,992 972 762 $1,818 $1,230 102 $ 745 847 971 $ 102 612 714 516
Please answer question 16-18 based on the following information from Owl Inc. Income Statement Sales COGS SGA Depreciation EBIT Interest E BT Taxes (35%) Net income Dividend payout a. b. Cash Accounts receivable Inventory Current assets Net fixed assets Total assets Net fixed assets Balance Sheet as of December 31, 2019 22,228 Accounts payable 19,450 Cash Accounts receivable Inventory Current assets 25,495 67,173 Less than $50,000 Between $65,000 and $75,000 C. Between $75,000 and $85,000 d. Between $85,000 and $100,000 205,000 272,173 Total assets 310,029 16. How much is the operating cash flow in 2020? 2019 2020 277,855 333,426 141,641 175,049 27,786 38,344 38,900 46,680 69,528 73,353 4,356 68,997 24,149 44,848 35% 221,671 4,275 65,253 22,839 42,414 50% Balance Sheet as of December 31, 2020 26,674 Accounts payable 26,674 Notes payable 35,010 Current liabilities 88,358 Notes payable Current liabilities Long-term debt Owner's equity Total liab & equity Long-term debt Owner's equity…
Category. Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 429,735.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,152.00 Interest expense 40,500 42,662.00 Inventories 279,000 288,000 Long-term debt 339,349.00 400,985.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,641.00 Retained earnings 306,000 342,000 Sales 639,000 848,846.00 Тахes 24,750 47,931.00
1. Comprehensive analysis: The balance sheets and the profit and loss accounts of Maharaja Synthetics Limited for the last two years are given as follows: Particulars (Rs.in Thousands) 2017 2018 Net sales Other Income Total Income 788, 1 10 15,370 803,480 672,040 18,020 690,060 473,290 118,190 Cost of goods sold Other operating expenses Depreciation Interest Profit before tax 520,460 131,970 22,260 20,140 32,860 24,380 95,930 54,060 Тахек s 28,780 67,150 16,788 16,218 Profit after tax 37,842 Dividend 9,460 Retained earnings 50,362 28,382 Balance Sheet as on 31st March Particulars Assets Non-current assets Cash and bank Trade receivables Inventories Total Current assets 2018 2017 223,200 24,202 175,960 21,200 91,160 68,900 130,210 111,300 201.400 377,360 245.572 Total 468,772 Liabilities Shareholders fund (Note 1) 232,682 182,320 106,000 Long term debt Short term debt Trade payables Total current liabilities 137,800 58,300 39,990 98,290 58,300 30.740 89.040 377,360 Total 468,772…
Genesls Corp. Income Statement For Year Ended December 31, 2014 1 590.000 Sales $300,000 Cost of goods sold Wages and other operating expenses. Interest expense. 216,000 7,000 15,000 Income taxes expense 24,000 Depreciation expense. Los on sale of equipment Gain on retirement of bonds. (562,000) (6,000) 16,000 $ 38,000 Net income Genesis Corp. Balance Sheet December 31, 2014 and 2013 2014 2013 Assets Current assets: $ 17,000 $ 12,000 40,000 70,000 Cash Accounts receivable 60,000 Merchandise iventory 84.000 Prepaid expenses... Total current assets.. 6,000 4,000 S167,000 $126,000 Long-term assets: Property, plant and equipment. Less: Accumulated depreciation $210,000 (48,000) $288.000 $250,000 (60,000) $357,000 Total assets. Liabilities Current liabilities: Accounts payable Interest payable Income taxes payable Total current lilabilities. Long-term liabilities Bonds payable- $ 40,000 5 35,000 3,000 4,000 12,000 $ 56,000 22.000 S 60,000 64.000 $120.000 90,000 Total liabilities $150,000…
($n millions) Net soles Cost of goods sold Depreciation Earnings before interest and taxes Interest paidl Taxable incone 7,010 470 $1,320 165 $1,214 425 Taxes Net. incone $789 windswept, Inc. 2016 and 2017 Balance sheets, ($ in nillions) 2016 2017 2016 2017 Cash Accounts re. Inventory Total Net fixed 33sets Accounts payable Long-tera debt, Conmon stock Retained earnings $240 S 270 $1,410 $1,410 1,110 1,318 1,820 920 1,848 1,710 3,368 3,280 658 3,430 4,008 Total assets $6,530 S6,9 Total 11ab. & equity $6,530$6.988
Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets EBIT Interest Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term bonds Total liabilities Common stock (100 million shares) Retained earnings Common equity $ 3,730 Total liabilities and equity EBT Taxes (25%) Net income 20 585 840 Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Sales Operating costs excluding depreciation and amortization EBITDA Depreciation and amortization Common dividends paid Earnings per share $ 1,445 2,285 130 220 230 580 1,500 $ 2,080 250 $ 1,400 $1,650 $ 3,730 $ $ 9,500 7,570 $ 1,930 480 $ 1,450 150 $ $ 1,300 325 975 335 9.75
The following information is available for Sunland Corporation for the year ended December 31, 2022: sales revenue $840,000, other revenues and gains $91,000, operating expenses $101,000, cost of goods sold $466,000, other expenses and losses $30,500, and preferred stock dividends $40,950. The company's tax rate was 20%, and it had 70,000 common shares outstanding during the entire year. (a) Your Answer Correct Answer Your answer is partially correct. Prepare a corporate income statement. (List other revenues before other expenses.)
Refer to the following financial information of Scholz Company: NOPAT 8.250.000.00 EBITDA 17,725.000.00 Net Income 5,050,000.00 Capital Expenditures 6,820,000.00 After tax capital costs 6,280.000.00 Tax rate 40% 1. Calculate the Company's depreciation and amortization expense 2. calculate its interest expense. Use 2 decimal places for your final answer. 3. calculate its EVA. Use 2 decimal places for your final answer.
Comparitive balance sheet of Hillard Co. as of Dec 31, 2020 and 2021 is as under: Assets 2020 2021 Liabilities Cash Accounts Receivable Inventory Fixed Assets Investments Sales Cost of Goods Sold Gross profit 16,425 12,300 Salaries expenses Depreciation expense Income tax expense Admin. Expenses Net profit 16,100 163,000 13,500 221,325 28,025 10,600 Income statement for the year 2021 is as under: 18,400 206,300 9,200 272,525 829,400 614,450 214,950 12,900 11,600 1,150 164,400 24,900 Accounts Payable Salaries Payable Income tax payable Loans Payable Retained earnings Please prepare the cash flow statement using the indirect method. 2020 26,900 2,400 1,600 106,250 84,175 221,325 2021 33,450 3,100 2,050 113,250 120,675 272,525