Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilitiesfor the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025?O 15.10 %O 18.43%O 6.52%O 11.66%

RETURN ON ASSETS Return on Assets is the Ratio between Net Operating Income & Average Operating…

Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52%

Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52%

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter8: Property Transactions: Capital Gains And Losses, Section 1231 And Recapture Provisions

Section: Chapter Questions

Problem 35P

See similar textbooks

Related questions

Q: The following data were provided by Mystery Incorporated for the year ended December 31: Cost of…

A: The income statement is prepared to find net income earned or net loss incurred during the period.…

Q: CIA Review, Incorporated, provides review courses twice each year for students studying to take the…

A: As per the Honor code of Bartleby we are bound to give the answer of the first three sub parts only,…

Q: Chuck, a single taxpayer, earns $79,800 in taxable income and S nterest from an investment in City…

A: Marginal Tax Rate is the rate of tax brackets in progressive tax system at which the last dollar of…

Q: Danner Company expects to have a cash balance of $49.950 on January 1 2020 Relevant monthly budget…

A: It is a document that shows the inflow and outflow of cash at a specific period of time. Collection…

Q: Terry, a single employee with two dependents under the age of 17, is paid $16.50 per hour and…

A: Payroll is the method used to compensate employees for the work they have completed. This involves…

Q: Required information The Foundational 15 (Algo) [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, LO1-6] [The…

A: MANUFACTURING COSTManufacturing Cost includes Direct Material, Direct Labour & Manufacturing…

Q: According to Dr. Ariail's presentation of Chapter 1, the token system of accounting is deemed to…

A: The token system of accounting, which used small clay tokens to represent goods or transactions, is…

Q: Durban Metal Products makes specialty metal parts and uses activity-based costing for internal…

A: The overhead cost are not the direct cost but it includes the indirect cost that are necessary to…

Q: ! Required information [The following information applies to the questions displayed below.]…

A: Income Statement: It is one of financial statements prepared at the end of accounting period, it…

Q: I need answer of last three question I need answer of last three question please answer…

A: Variable costs are costs that vary with the change in the level of output whereas fixed costs are…

Q: The company had the following information for the year: beginning inventory, $5,000; ending…

A: The cost of goods sold includes the cost of goods that are sold during the period.Cost of goods sold…

Q: In 2018, Adele, who is single, acquired section 1244 stock in the initial offering for La Fleur…

A: Section 1244 stock is a type of stock of it meets requirements, that allows individuals to treat…

Q: 14-13 (IAA) Grotesque Company which employed the FIFO retail method provided the following inventory…

A: The retail inventory method calculates the ending inventory by multiplying the retail closing stock…

Q: How does a limited liability partnership (LLP) differ from a general partnership? O Legal limits…

A: LLP is a business structure that combines elements of a general partnership and a corporation,…

Q: enry Inc. is preparing the monthly bank reconciliation of its checking account balance for the month…

A: The bank reconciliation statement is prepared to equate the balances of the cash book and pass book…

Q: Problem 7-4 (IFRS) r On September 30, 2021, when the carrying amount of the assets of a major…

A: Discontinued operations are accounting words that refer to parts of a company's operations that have…

Q: Hi, my name is Jennifer. I am having trouble with this same problem. But the sub-parts I need help…

A: Please find the answer to (C) in the previous answer. I am going to answer only (D) & (E) in…

Q: (Cash and Net-Asset Contributions) Bakal and Bote have decided to form a partnership. and transfers…

A: Partnership is a form of business, which is formed when two or more than two persons agree to…

Q: What are the similarities and differences between the Transaction Detail by Account and the General…

A: In QuickBooks, both the "Transaction Detail by Account" report and the "General Ledger" report…

Q: The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account…

A: Trial balance is the statement prepared by the entity to check if the debits in the books are equal…

Q: Mcewan Corporation uses a job-order costing system with a single plantwide predetermined overhead…

A: The predetermined overhead rate is calculated as estimated overhead cost divided by estimated base…

Q: Pharoah Company expects to produce 6,000 units of product IOA during the current year. Budgeted…

A: The static budget is prepared to compare the actual results of production with planning budget. The…

Q: write me a summer describing federal tax code 102 and provide an example situation involving the…

A: Federal Tax Code Section 102, pertains to the exclusion of certain gifts and inheritances from…

Q: Milden Company is a merchandiser that plans to sell 31,000 units during the next quarter at a…

A: Income statement:— It is one of the financial statements that shows profitability, total revenue…

Q: Perez Manufacturing Company was started on January 1, year 1, when it acquired $81,000 cash by…

A: Product cost is like tallying up all the expenses, from the stuff you use to make something to the…

Q: ! Required information The Foundational 15 (Algo) [LO5-1, LO5-2, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7]…

A: Contribution margin per unit:— It is calculated by dividing total contribution margin by sales…

Q: Income Statements under Absorption Costing and Variable Costing Gallatin County Motors Inc.…

A: Income statement :— It is one of the financial statements that shows profitability, total revenue…

Q: Knowledge Check Bluebean Incorporated produces two lines of coffee cups: espresso coffee cups and…

A: PREDETERMINED OVERHEAD RATEPredetermined rate means the indirect cost rate.Predetermined overhead…

Q: Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation…

A: Predetermined Overhead Rate is the rate used to allocate manufacturing overhead cost to cost object…

Q: Required information [The following information applies to the questions displayed below.) This year…

A: Answer:- When a taxpayer does not pay enough of their anticipated taxes or pays their taxes late,…

Q: Compute these values and ratios for 2024 and 2025. (Round Earnings per share to 2 decimal places,…

A: The ratio analysis helps to analyze the financial statements of the business on the basis of the…

Q: Rundle Corporation sells products for $28 each that have variable costs of $11 per unit. Rundle's…

A: The break-even sales are the sales where business earns no profit or loss during the period. The…

Q: Recording Bonds issued at a Discount-Effective Interest Tale Corporation issued $24,000, 8% (cash…

A: A journal entry is a record of the a financial transactions in the accounting system of a company.…

Q: Namibia Wood Products ("NWP") is a company that manufacturers different types of furniture products…

A: Variance is the difference between the standard and the actual data. The standard costs of…

Q: Bram Co makes a breakfast product, the Fruit-bram, and uses throughput accounting. The bottleneck…

A: A costing system assists the management in monitoring each cost incurred during the operations of a…

Q: Prepare the Balance Sheet in the proper format 2. Solve for Net Working Capital 3. Determine…

A: The working capital is calculated as the difference between the current assets and current…

Q: Profitability ratios help in the analysis of the combined impact of liquidity ratios, asset…

A: Profitability ratios are financial metrics that assess a company's ability to generate profits in…

Q: c. Scott, age 49, is a surviving spouse. His household includes two unmarried stepsons who qualify…

A: Answer:- Taxable income meaning:- The part of gross income that is considered taxable is what is…

Q: Kingbird Corporation reported the following for 2025: net sales $1,231,800, cost of goods sold…

A: Income statement is one of the financial statement being prepared in business. It shows all incomes…

Q: Way Corporation disposed of the following tangible personal property assets in the current year.…

A: Depreciation is an accounting technique used to stretch out the cost of tangible assets throughout…

Q: Enterprise Fund Statement of Cash Flows [LO 7-5] Inglis City had a beginning cash balance in its…

A: Cash flow from the operating activity is a part of the cash flow statement prepared by the business…

Q: Barber and Atkins are partners in an accounting firm and share net income and loss equally. Barber's…

A: PARTNERSHIP ACCOUNTINGWhen two or more Person come together to form a business & Share Profit…

Q: A machine costing $257,500 with a four-year life and an estimated $20,000 salvage value is installed…

A: The depreciation expense is charged on the fixed assets as reduction in the value of the fixed…

Q: llene rents a property for the entire year. During the year, llene reported a net loss of $10,500…

A: A deduction is an expense that can be subtracted from a taxpayer's gross income in order to reduce…

Q: Problems and Cases 3.18 Interpreting the Statement of Cash Flows. The Coca-Cola Com- pany…

A: The cash inflow and disbursements are periodically shown in a statement called cash flow…

Q: Andrew and Gina, both aged 56, are well off financially and are in the highest marginal tax bracket.…

A: Individuals and corporations pay income tax on their earnings. It is a direct tax, which means it is…

Q: Requirements 1. Prepare a schedule of cash receipts for Armand for January, February, and March.…

A: Cash budget is a firm's estimation of cash inflows and outflows over a specific period of time. It…

Q: Given the following tax structure, what minimum tax would need to be assessed on Shameika to make…

A: In a progressive tax, the tax is rises when taxable income increases.Taxpayer with greater salaries…

Q: The 2021 income statement of Adrian Express reports sales of $18,957,000, cost of goods sold of…

A: The ratio is the technique used by the prospective investor or an individual or strategist to read…

Q: Prepare compound journal entries for each transaction. a. The owner, J. Cruz, invests $15,500 cash…

A: JOURNAL ENTRIESJournal Entry is the first stage of Accounting Process. Journal Entry is the Process…

Question

Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities
for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025?
O 15.10 %
O 18.43%
O 6.52%
O 11.66%

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduce Return on Assets

VIEW

Step 2: Return on Total Assets

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Refer to the information for Juroe Company on the previous page. Also, assume that Juroes total assets at the beginning of last year equaled 17,350,000 and that the tax rate applicable to Juroe is 40%. Required: Note: Round answers to two decimal places. 1. Calculate the average total assets. 2. Calculate the return on assets.
Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%
Frezia Corp.'s total assets at the end of last year were P315,000 and its net income after taxes was P22,750. What was Frezia’s return on total assets? * Choices: 7.58% 8.78% 7.22% 7.96% 8.36%
Randall Corporation reported the following revenue data:Year Net revenues (in millions)$$$$6,8007,0046,7327,2762016201720182019Use 2016 as the base year. The trend percentage in 2019 is closest toa. 93%.b. 104%.c. 107%.d. 112%
From the following information for BlueInks Corporation, compute the rate of return on assets. Hint: The numerator is income before interest expense and taxes. Net income $40,878 Total assets at beginning of year $250,100 Total assets at end of year $158,680 a. 15% b. 25% c. 16% d. 20%
C Company has the following data for the year ending 12/31/2020 (dollars are in thousands): Net income = $600; EBIT = $1,184; Total assets = $3,000; Short-term investments = $200; Total capital employed = $2,193; and tax rate = 30%. The company’s WACC is 11.07%. What was its Economic Value Added (EVA) for the year 2020? Round your answer to the nearest dollar. Group of answer choices: $583 $586 $577 $572 $580
Suppose in its 2027 annual report that McDonald's Corporation reports beginning total assets of $20.80 billion, ending total assets of $19.20 billion, net sales of $21.80 billion, and net income of $4.10 billion. (a) Compute McDonald's return on assets. (Round return on assets to one decimal place, e.g. 5.1%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times
Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.00 billion, ending total assets of $31.00 billion, net sales of $22.20 billion, and net income of $4.26 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times
For year 2022, a company reports net operating profit after taxes (NOPAT) of $32,910.4 million. The following additional information is gathered from its financial statements (in millions): End of 2022End of 2021Operating assets$337,052.7$388,934.1Nonoperating assets$18,916.9$20,649.9Operating liabilities$85,432.7$98,300.2Nonoperating liabilities$170,865.6$196,600.0 What was the company’s free cash flows to the firm (FCFF) for year 2022? [ Select ] ["$8,909.0", "$63,293.4", "$71,924.3", "$83,432.2", "$218,709.6"] This questions is multiple choice with the possible answers above.
Laiho Industries^ 2018 and 2019 bal ance sheets (in thousands of dollars) are shown. a. Sales for 2019 were $455,150,000, and EBITDA was 15% of sales. Furthermore, depre ciation and amortization were 18% of net fixed assets, interest was $8,583,000, the cor porate tax rate was 25%, and Laiho pays 47.25% of its net income as dividends. Given this information, construct the firm's 2019 income statement.b. Construct the statement of stockholders' equity for the year ending December 31,2019, and the 2019 statement of cash flows.c. Calculate 2018 and 2019 net operating working capital NOWC) and 2019 free cash flow (FCF). Assume the firm has no excess cash.d. If Laiho increased its dividend payout ratio, what effect would this have on corporate taxes paid? What effect would this have on taxes paid by the company's shareholders?e. Assume that the firm's after-tax cost of capital is 10.5%. What is the firm's 2019 EVA?f. Assume that the firm's stock price is $22 per share…
6 T&T Company's selected financial statements items are given as following. Total net sales equals to 100.000 TL, COGS equals to 50.000 TL, operating expenses equals to 20.000 TL, interest expenses equals to 10.000 TL, tax expenses 5.000 TL, total depreciation & amortization expenses equals to 15.000 TL. Calculate the EBITDA/Interest Expense ratio of the company for the year 2020. a) O 4,50 01383 b) O 3,00 c) O 2,50 d) O 5,00
Landvision Inc. had net income in 2020 for $120,000. Here are some of the extra financial ratios from the annual report Profit margin 20%, Return on Assets 35%, Debt to Asset Ratio30% Please calculate the ROE ratio O A. 70% B. 60% O C. 50% O D. 25%