BIDDLE COMPANY INCOME STATEMENT FOR YEAR END DECEMBER 31, 2018 SALES REVENUE $142,000.00 EXPENSES: COGS -57000 DEPRE EXP -19500 SAL EXP -33000 RENT EXP -10500 INSUR EXP -5300 INTR EXP -5100 UTIL EXP -4300 NET INCOME $7,300.00
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- SWEETS OF OMAN SAOG STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER Restated Note 2020 2019 R.O. RO. Revenue 18 2,931,543 (4,240,017) 9,596,698 (7,395,908) Less: cost of revenue 19 Gross (loss) / prefit (1,308,474) 1,700,790 Oher income 44,405 (855,994) (2,669,553) (399,773) (138,245) 20 67,893 General and administrative overbeads Selling and distribution expenses Financial charges Allowance for expected credit losses Advances paid writlen off Impairment loss on investment in subsidiary 21 (579,024) (1,979,050) (522,872) (84,832) (155,802) 22 24 9. (133) Net loss before tax (4562,161) (2,318.503) Tax expense 25 50,455 (16,614) Net comprehensive loss for the year (4,511,706) (2335,117) Loss per share for the year 27 (0.645) (0334) Explain the meaning of each indicator and describe their dynamics over two years. 1- Contribution Margin Ratio 2- Level of sales needed to achieve a desired target profit (for example, if the company wants to increase profits by 10%) ABCK McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement: Year Ended December 31, 2024 Net income Income tax expense Interest expense $ 22,950 6,600 3,000 What was McDaniel's times-interest-earned ratio for 2024? OA. 7.65 OB. 10.85 OC. 9.85 OD. 8.65 point(s) possible ...Prepare an income statement for Hansen Realty for the year ended December 31, 2020. Beginning inventory was $1,258. Ending inventory was $1,610. (Input all amounts as positive values.) Sales $ 35,900 1, 102 1,162 11, 012 Sales returns and allowances Sales discount Purchases Purchase discounts 550 Depreciation expense Salary expense Insurance expense Utilities expense Plumbing expense Rent expense 125 5,700 3,100 220 260 190 HANSEN REALTY Income Statement For Year Ended December 31, 2020 Gross profit from sales Operating expenses: Prev 4 of 16 Next > ..... ....L
- Module pute Net Operating Profit after Tax Refer to the balance sheet information below for Home Depot. Feb. 3, 2019 Jan. 28, 2018 $35,891 $34,794 1,511 3,056 $37,402 $37,850 $14,177 $13,640 24,822 22,974 $38,999 $36,614 Operating assets Nonoperating assets Total assets $ millions Operating liabilities Nonoperating liabilities Total liabilities Net sales Operating expense before tax Net operating profit before tax (NOPBT) Other expense Income before tax Tax expense Net income Assume a statutory tax rate of 22%. a. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = Net income + NNE Net income NNE NOPAT $ 9,453 $ $ $91,973 78,772 13,201 828 12,373 2,920 $9,453 7,361 * $ 16814 b. Compute NOPAT for the year ended Feb. 3, 2019 using the formula: NOPAT = NOPBT - Tax on operating profit NOPBT Tax on operating profit 7,361 * $ 10,296.78 x $ NOPAT -2936PreviousBalance AnnualPercentageRate (APR)(as a %) MonthlyPeriodicRate FinanceCharge(in $) Purchasesand CashAdvances PaymentsandCredits NewBalance(in $) $2,490.00 % 1 1 4 % $ $1,374.98 $300.00 $X Company collected P12350 in interest during 2019 X showed P1,850 in interest on its December 31, 2021 statement of financial position and P5,300 on December 31, 2020 How much is the Interest Revenue to be reported on X's statement of comprehensive income in 2021?
- Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.Feeney, Inc., reported the following sales and net income amounts (Click on the icon to view the data.) Show Feeney's trend percentages for sales and net income. Use 2018 as the base year. (Do not enter the % sign if any of the input fields.) Sales Net income 2021 % % 2020 1% % 2019 % 28 29 % 2018 % %
- EQUITIES AND LIABILITIES (in Rs. crore) SHAREHOLDER'S FUNDS 2019 2018 2017 Equity Share Capital 397.13 397.13 397.13 Reserves and Surplus 21,808.05 20,615.40 19,576.08 TOTAL SHAREHOLDERS FUNDS 22,205.18 21,012.53 19,973.21 NON-CURRENT LIABILITIES Long Term Borrowings 35.28 39.68 24.12 Deferred Tax Liabilities [Net] 216.06 372.16 458.36 Other Long Term Liabilities 36.45 8.35 8.94 Long Term Provisions 50.34 38.53 35.23 TOTAL NON-CURRENT LIABILITIES 338.13 458.72 526.65 CURRENT LIABILITIES Short Term Borrowings 0.00 0.00 0.00 Trade Payables 935.98 1,109.46 1,046.53 Other Current Liabilities 3,426.07 2,514.92 2,993.37 Short Term Provisions 85.37 91.05 87.08 TOTAL CURRENT LIABILITIES 4,447.42 3,715.43 4,126.98 TOTAL CAPITAL AND LIABILITIES 26,990.73 25,186.68 24,626.84 ASSETS NON-CURRENT ASSETS Tangible Assets 5,633.62 5,563.19 5,693.45 Intangible Assets 178.83 100.41 28.54 Capital Work-In-Progress 1,108.70 610.02 348.48 FIXED ASSETS 6,921.15 6,273.62 6,119.91 Non-Current Investments…Net Sales COGS Depreciation EBIT Interest Taxable Income Taxes Net Income 2019 Income Statement Dividends Additions to Retained Earnings 147 647.74 3,456 1,895 235 1,326 320 1,006 211.26 794.74Prepare the Pro-Forma Statement of Financial Position for the year ending 31 December 2023 INFORMATIONSibiya ProjectsStatement of Comprehensive Income for the year ended 31 December 2022 RSales 10 000 000Cost of sales (5 750 000)Gross profit 4 250 000Variable, selling and administrative costs (1 500 000)Fixed selling and administrative costs (500 000)Net profit 2 250 000 Statement of Financial Position for the year ended 31 December 2022ASSETS RNon-current assets 800 000Property, plant and equipment 800 000 Current assets 3 400 000Inventories 1 600 000Accounts receivable 600 000Cash 1 200 000TOTAL ASSETS 4 200 000 EQUITY AND LIABILITIESEquity 3 760 000 Current liabilities 440 000Accounts payable 440 000TOTAL ASSETS AND LIABILITIES 4 200 000 Additional informationA. The sales budget for 2023 is as follows:First Quarter Second Quarter Third Quarter Fourth QuarterR2 625 000 R2 750 000 R2 875 000 R2 750 000 B. 90% of sales is collected in the quarter of the sale and 10% in the quarter…