Reported revenues 12k supplies expense 3k and net income is 2k for the most recent period. If the companys another expense was rent expense, how much is its balance at the end of the year?
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Reported revenues 12k supplies expense 3k and net income is 2k for the most recent period. If the companys another expense was rent expense, how much is its balance at the end of the year?
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- The following data (in millions) are taken from the financial statements of Target Corporation: a. For Target Corporation, determine the amount of change in millions and the percent of change (round to one decimal place) from the prior year to the recent year for: 1. Revenue 2. Operating expenses 3. Operating income b. What conclusions can you draw from your analysis of the revenue and the total operating expenses?The income statement account balamnces for the year ended Dec. 31 shows the following: Net Sales 875,000 COGS 700,000 Expenses 143,000 How much is the profit?Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $661,910Interest expense 116,810Average total assets 6,280,000Determine the return on total assets. If required, round the answer to one decimal place.fill in the blank 1 %
- Return on Total Assets A company reports the following income statement and balance. sheet information for the current year: Net income Interest expense Average total assets $471,500 83,200 6,450,000 Determine the return on total assets. If required, round the answer to one decimal place. %Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $418,290 Interest expense 73,810 Average total assets 3,700,000 Determine the return on total assets. If required, round the answer to one decimal place.fill in the blank 1 %Return on total assets A company reports the following income statement and balance sheet information for the current year: Net income $485,900 Interest expense 85,750 Average total assets 5,150,000 Determine the return on total assets. If required, round the percentage to one decimal place.
- At the end of the current year, the entity reported the following financial data: Total Assets 1,200,000 Total assets turnover ratio 1.7x Fixed assets turnover ratio 2x Current ratio 2.5x Days Sales outstanding 30 days Inventory turnover ratio 4x Gross profit margin on sales 20% Note: Calcuation is based on a 365-day year. How much should be the accounts receivable balance?Times interest earned A company reports the following: Income before income tax expense $1,271,600 Interest expense 187,000 Determine the times interest earned ratio. If required, round the answer to one decimal place.Times interest earned Berry Company reported the following on the company's income statement in two recent years: Current Year Prior Year Interest expense $211,000 $232,100 Income before income tax expense 3,017,300 3,736,810 a. Determine the number of times interest charges were earned for current Year and prior Year. Round to one decimal place. Current Year Prior Year b. Is the number of times interest charges are earned improving or declining?
- A company reports the following income statement and balance sheet information for the current year:Net income $ 410,000Interest expense 90,000Average total assets 5,000,000Determine the return on total assets. Round percentage to one decimal place.Assume the following sales data for a company: Current year $896,005 Preceding year 607,844 What is the percentage increase in sales from the preceding year to the current year (rounded to one decimal place)? Oa. 47.4% Ob. 15.3% Oc. 32.2% Od. 79.6%using the total for income and expense, what is the income statement equation for the most recent year? what amount of net sale is reported for each year? what is the % change in sales for each year and the trend in revenues? Operating activities Net income $6,177.4 $ 7,545.2 $ 4,730.5 Adjustments to reconcile to cash provided by operations Charges and credits: Depreciation and amortization 1,870.6 1,868.1 1,751.4 Deferred income taxes (345.7) (428.3) 6.4 Share-based compensation 166.7 139.2 92.4 Net (gain) loss on sale of restaurant and other businesses Other 732.7 (97.8) (28.2) (570.4) (339.1) (75.2) Changes in working capital items: Accounts receivable (264.1) 309.9 (6.8) Inventories, prepaid expenses and other current assets 5.6 (62.2) (68.6) Accounts payable 31.3 225.0 (137.5) Income taxes (546.7) (302.5) (43.6) Other accrued liabilities 129.3 284.0 44.4 Cash provided by operations 7,386.7 9,141.5 6,265.2 Investing activities Capital expenditures (1,899.2) (2,040.0) (1,640.8)…
