Miracle Corporation reports the following amounts in its December 31, 20XF income statement: $910,000 Advertising expense 885,000 Salaries expense Sales S75,800 Net sales 137,700 48,500 Cost of goods sold 25,000 Utilities expense Gain on sale of equipment 11,000 Average shares outstanding 25,000 income tax expense 455,600 Sales returns 6,200
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- Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Earnings per share on common stockAccounting Equation The total assets and total liabilities (in millions) of Dollar Tree Inc. (DLTR) and Target Corporation (TGT) follow: Dollar Tree Target Assets $15,901 $40,262 Liabilities 11,494 27,305 Determine the stockholders' equity of each company. Dollar Tree's stockholders' equity million Target's stockholders' equity million %24The following data was taken from the accounting records of Pina Colada Corporation: Total assets Total liabilities Preferred shares Common shares Retained earnings Additional data: Net income Interest expense Sales revenue 2024 O 20.1% 21.1% 19.1% 18.1% 2023 $962000 $883000 271000 250000 81300 81300 303000 303000 The return on assets for 2024 is 306700 248700 167000 35500 981000
- Using the financial data for Key Wahl Industries Sales Net Profit After Tax Total Assets Total Liabilities O.50 02 O.75 $4,500,000 What is the debt ratio? O.075 $337,5000 $6,750,000 $ 3,375,000Use the following to answer questions 27 – 34 Miracle Corporation reports the following amounts in its December 31, 20XF income statement: Sales $910.000 Advertising expense $75.800 Net sales 885,000 Salaries expense 137,700 income tax expense 48,500 Cost of goods sold 455,600 Sales returns 25.000 Utilities expense 6,200 Gain on sale of equipment 11,000 Average shares outstanding 25,000 27. $ Determine gross profit: 28. $ Determine operating expenses: 29. $ Determine Income before income taxes (IBT): 30. $ Determine net income: 31. %. Calculate gross profit ratio (one decimal place) Calculate the profit margin (two %. decimal places) 32. 33. $ Calculate Earnings per Share (rounded to two decimal places) 34. $ If ending inventory consisted of $45,000 and beginning inventory was $36,000 how much inventory was purchased during the year?Active Fast Berhad has the following income statement items for 2021: Revenue/Sales RM559,236 Cost of goods sold RM311,003 EBIT RM248,233 Interest expenses RM93,938 Income tax expenses RM54,003 Dividend payment 40% of net profit What is the amount of the firm's retained earnings? Select one: a. RM163,438 b. RM60,175 c. RM40,117 d. RM148,910
- Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA)? Inventory 12,500Current Assets 50,000Current Liabilities 40,000Non-current Assets 90,000Net Profit 12,000Shareholders' Equity 65,000 Select one:a. 18.5%b. 12.2%c. 9.23%d. 13.3%The following data relates to a Joven Berhad: £000 £000 £000 Year ended 31 May 2016 2017 2018 Sales (all on credit) 130 155 180 Cost of sales 70 80 90 Expenses 45 55 60 Provision for tax 5 10 12 £1 ordinary shares in issue 100,000 100,000 100,000 Share price £1.40 £1.50 £1.60 TASKS a) For EACH of the three years calculate the following ratios: i The gross profit percentage ii The net profit after tax percentage iii The expenses to sales percentage iv The Earning Per Share v The Price Earning ratio b) Discuss briefly the trends revealed by the above ratios.18. The following financial information was provided by Anya Company: Net Income 8,255,000.00 NOPAT 75,785,000.00 EBITDA 143,000,000.00 Net Profit Margin 6.00% Operating capital 425,070,000.00 After tax cost of capital 12.00% Tax rate 35.00% Refer to Anya Company, calculate its sales. Use 2 decimal places in your final answer
- Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA)? Inventory 12,500 Current Assets 50,000 Current Liabilities 40,000 Non-current Assets 90,000 Net Profit 12,000 Shareholders' Equity 65,000 Select one: a. 12.2% b. 18.5% c. 9.23% d. 13.3% Clear my choice 2) Which one of the following defines a cash flow statement correctly? Select one: a. A cash flow statement is a financial statement which estimates cash inflows and cash outflows for a future period. b. A cash flow statement is statement of changes in cash position between the beginning and end of the period. It is a statement which summarises the sources from which cash payments are made during a particular period of time. c. A cash flow statement is a document which report the cash owned by a company in the details of difference…Your company's income statement for the year ended 30 September 20X8 showed the following: $'000 Net profit before interest and tax 1,200 Interest 200 1,000 Corporation tax 400 Retained profit for the year 600 Its statement of financial position at 30 September 20X7 showed the following capital: $'000 Share capital 8,000 Retained profits balance 1,200 9,200 10% loan stocks 2,000 11,200 Return on average capital employed for the year ended 30 September 20X8 is A 5.88% B 10.17% C 10.43% D none of theseConsider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATIONIncome Statement Sales $ 42,900 Costs 33,900 Taxable income $ 9,000 Taxes (21%) 1,890 Net income $ 7,110 Dividends $ 2,509 Addition to retained earnings 4,601 The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATIONBalance Sheet Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 2,250 Accounts payable $ 4,000 Accounts receivable 5,100 Notes payable 8,000 Inventory 8,000 Total $ 12,000 Total $ 15,350 Long-term debt $ 22,000 Owners’ equity Fixed assets Common stock and…