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- Based on the income statement given calculate and explain the :profitability ratioa. Gross profit ratio = gross profit/net salesb. Operating margin ratio =operating income/net salesc. Asset Turnover ratio = net sales / total assetsd. Return on equity ratio = net sales/ shareholders equity Leverage ratioa. interest coverage ratio =operating income / interest expensesb. Debt service ratio=operating income/debt serviceEXHIBIT 2 Selected Financial Data for Tesla, Inc., Years Ended December 31, 2015-2019 (in millions, except per share data) Income Statement Data: Revenues: Automotive sales Automotive leasing Total automotive revenues Energy generation and storage. Services and other Total revenues Cost of revenues: Automotive sales Automotive leasing Total automotive cost of revenues Energy generation and storage Services and other Total cost of revenues. Gross profit (loss) Operating expenses: Research and development Selling, general and administrative Restructuring and other Total operating expenses. Loss from operations Interest income Interest expense Other income (expense), net Loss before income taxes Provision for income taxes 2015 2 $3.432 309 3,741 14 291 4,046 Net loss Net loss attributable to noncontrolling interests and subsidiaries 2,640 183 2,823 12 287 3,123 924 7.189 922 1,640 (717) 2 (119) (42) (876) 13 $ (889) Years Ended December 31 2016 $5,589 $ 8,535 762 1.107 9,642 1.116 6,351…Based on the income statement given calculate and explain the :profitability ratioa. Gross profit ratio = gross profit/net salesb. Operating margin ratio =operating income/net salesc. Asset Turnover ratio = net sales / total assetsd. Return on equity ratio = net sales/ shareholders equity Leverage ratioa. interest coverage ratio =operating income / interest expenses
- Preparing common-size income statement Data for Connor Inc and Alto Corp follow: Requirements Prepare common-size income statements. Which company earns more net income? Which company’s net income is a higher percentage or its net sales revenue?Net sales Cost of goods sold Selling and administrative expenses Interest expense Other income (expense) Income tax expense Net income Current assets Noncurrent assets Total assets Current liabilities Long-term debt Total stockholders' equity Total liabilities and stockholders' equity Total assets Total stockholders' equity Current liabilities Target Corporation Income Statement Data for Year $65,357 45,583 15,101 707 (94) 1,384 $ 2,488 $18,424 26,109 Balance Sheet Data (End of Year) $44,533 $11,327 17,859 15,347 Walmart Inc. $44,533 $408,214 304,657 79,607 10,512 2,065 (411) 7,139 $ 14,335 $48,331 122,375 $170,706 $55,561 44,089 71,056 $170,706 Beginning-of-Year Balances $44,106 13,712 $163,429 65,682 55,390Information from the financial statements of the Heir Jordan Corporation are shown below. Prepare the pro forma financial statements and calculate EFN, assuming a 15 percent increase in sales, no new external debt or equity financing, and a constant payout ratio. Sales Costs Cash Accounts receivable Inventory Net plant and equipment Accounts payable Notes payable Long-term debt Common stock Retained earnings Dividends Net income Increase in sales Tax rate LA LA LA LA LA LA LA LA LA LA LA LA LA $ $ $ $ $ $ $ $ $ 46,000 37,600 2,950 4,100 6,400 41,300 2,400 5,400 28,000 15,000 3,950 2,880 6,552 15% 21%
- tx Consolidated Statements of Income for Macy's Inc., Feb. 03, 2018-Feb. 02, 2019 (in millions, except per share data) Net sales Credit Card Revenues, Net Cost of Sales Selling, General, and Administrative Expenses Gains on Sale of Real Estate Restructuring, Impairment, Store Closing, and Other Costs Operating Income/Loss Benefit Plan Income Settlement Charges Interest Expense Gains (Losses) on Early Retirement of Debt Interest Income Income (loss) before Income Taxes Federal, State, and Local Income Tax Benefit (Expense) Net Income (Loss) Net Loss Attributed to Noncontrolling Interest Net Income Attributed to Macy's, Inc. Shareholders Basic Earnings per Share Attributable to Macy's, Inc. Shareholders Diluted Earnings per Share Attributable to Macy's, Inc. Shareholders Gamble7e_C01 Fi....pptx PS OLI Prev ww UM Saved 2019 $24,971 768 (15,215) (9,039) 389 (136) 1,738 39 (88) (261) (33) 25 1.420 (322) 1.098 10 $1.108 $3,60 $3.56 2018 $24.939 702 (15,181) (8,954) 544 Consolidated Balance…Calculate the common-sized percentage 2023. for Gross Margin inCommon size Net sales Cost of sales Gross profit Selling, general and administrative expenses Other (income) expense, net Operating profit Interest expense, net. Income before income taxes Provision for income taxes Net income including interests Less: Net income attributable to interests Net income attributable to Dawning Company 2011 100.00 100.00 40.86 42.69 57.31 59.14 34.41 34.79 (0.05) 22.95 2010 0.31 22.64 7.38 15.26 0.38 22.04 2009 2008 2007 2006 7.18 14.86 100.00 100.00 41.23 41.20 58.77 58.80 0.72 1.93 22.42 23.59 34.46 34.84 35.70 3.61 20.35 0.75 0.50 23.08 19.60 100.00 100.00 40.41 41.08 59.59 58.92 7.44 6.31 15.64 13.29 4.04 19.84 1.25 18.59 35.21 5.49 18.22 Required: analyse and interpret the Common-Size Income statement on the company performance for the period 2006 to 2011 1.39 16.83 5.50 5.30 13.08 11.53 0.74 0.71 0.69 0.52 0.49 0.47 14.53 14.15 14.95 12.77 12.60 11.06
- Calculate the following financial ratios for The Boeing Company. If not Applicable write N/A: Return on Shareholders’ Equity Return on Assets Return on Sales Gross profit margin ratio Receivable Turnover Receivable Ratio Period Inventory Turnover Inventory-on-hand period Asset Turnover Cash and marketable securities to total assets Quick ratio Current ratio Accounts payable turnover Days’ payable turnover Financial leverage Long-term debt to shareholders’ equity Interest coverage ratioThe comparative statements of Lily Company are presented here. Net sales Lily Company Income Statements For the Years Ended December 31 Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income taxes Income tax expense Net income Assets Current assets Cash Debt investments (short-term) Accounts receivable (net) Inventory Total current assets Plant assets (net) Total assets Lily Company Balance Sheets December 31 Liabilities and Stockholders' Equity Current liabilities Accounts payable Stockholders' equity Common stock ($5 par) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 282,200 265,700 547,900 $971,800 $1,815,100 1,011,300 2022 803,800 517,400 286,400 2022 267,600 80,016 $ 187,584 $60,100 68,100 18,800 304,000 161,700 465,700 $852,700 116,200 123,100 367,500 604.300 $971,800 $160,300 2021 $64,600 50,200 102,900 114,500 332,200 520,500 $852,700…ces Income statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (interest rate: 12%) Common stock ($5 par value, 7,500 shares outstanding) Retained earnings Total liabilities and stockholders' equity Return on assets Total asset turnover Net profit margin % Year 2 % $ 220,000 119,500 100,500 59,000 41,500 11,000 $ 30,500 $7,000 15,500 43,000 49,500 $ 115,000 $ 17,500 46,500 37,500 Year 11 $ 174,500 103,000 71,500 54,500 17,000 5,500 $ 11,500 2. Compute return on assets, total asset turnover, and the net profit margin for Year 2. Note: Round your answers to 2 decimal places. $ 8,500 19,500 38,400 41,000 $ 107,400 $ 18,500 46,500 37,500 4,900 13,500 $ 115,000 $ 107,400