The following is data for 123 Corp: Book value, Dec 31 2016 Comprehensive income Dividends Required return What is normal income for 2017? 825 20% 2017 100 23 2018 150 32
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- Zoobilee Inc. reported the following sales and net income amounts: (in thousands) 2020 2019 2018 2017 9,180 $ 8,990 $ 8,770 $ 8,550 Net income 520 500 460 400 Show Zoobilee's trend percentages for sales and net income. Use 2017 as the base year. Sales.... $ (Round your answers to the nearest percent.) Sales.. Net income.. 2020 % % 2019 % % 2018 % % 2017 100 % 100 %Ben Merchandise presented the following accounts for 2019 and 2018: P1,238,550.00 (current assets 2019) P1,097,570.00 (current assets 2018) P4,794,845.00 (total assets 2019) P3,975,500.00 (total assets 2018) In the trend analysis, what is the percent change in non-current assets? A 23.57% 20.61% 25.13% D 12.84%Based on this Times Interest Earned, what insights can I tell? Times interest earned ratio (2018) = $7207/46 = 156.67 times Times interest earned ratio (2017) = $7692/32 = 240.38 times
- The trend analysis report of Poplar, Inc. is given below (in millions): 2019 2018 2017 2016 2015 Net income Trend percentages $700 $606 $470 $405 $402 174% 151% 117% 101% 100% Which of the following is a correct conclusion from the above analysis? Net income for 2019 is 174% of net income for 2015. Net income for 2018 is 151% of the previous year. Net income for 2019 increased by 174% from 2018. Net income for 2018 decreased by 151% from 2017.K 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 ...Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities (a1) a. b. Compute the following values. C. $3,416.0 Interest expense 30,224.0 d. 2,988.0 16,191.0 Income taxes Net income $473.0 1,936.0 4,551.0 Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) Working capital. (Round to 1 decimal place, e.g. 5,275.5) Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) millions :1 % times
- Computing rate of return on total assets Barot’s 2018 financial statements reported the following items—with 2017 figures given for comparison: Net income for 2018 was $3,910, and interest expense was $240. Compute Barot’s rate of return on total assets for 2018. (Round to the nearest percent.)The trend analysis report of Poplar, Inc. is given below (in millions): 2019 2018 2017 2016 2015 Net income $700 $606 $470 $405 $402 Trend percentages 174% 151% 117% 101% 100% Which of the following is a correct conclusion from the above analysis? Select one: A. Net income for 2018 decreased by 151% from 2017. B. Net income for 2019 increased by 174% from 2018. C. Net income for 2019 is 174% of net income for 2015. D. Net income for 2018 is 151% of the previous year. The financial statements for Silver Service Company include the following items: 2019 2018 Cash $49,500 $40,000 Short-term Investments 33,000 20,500 Net Accounts Receivable 52,000 53,000 Merchandise Inventory 132,000 45,000 Total Assets 530,000 547,000 Accounts Payable 131,500 122,000 Salaries Payable 15,000 18,000 Long-term Note Payable 58,000 57,000 Compute the acid-test ratio for 2018.…Computing and analyzing trend percents LO P1 2021 2020 2019 2018 2017 Sales $ 446,122 $ 293,501 $ 242,563 $ 173,880 $ 128,800 Cost of goods sold 221,100 145,365 122,206 87,101 63,112 Accounts receivable 21,592 17,140 16,664 10,137 8,784 Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.
- The trend analysis report of Marswell, Inc. is given below (in millions): 2019 2018 2017 2016 2015 Net income $690 $604 $470 $404 $398 152% 118% 102% 100% Trend percentages 173% Which of the following is a correct conclusion from the above analysis? OA. Net income for 2017 has decreased by 118% over that for 2015. OB. Net income for 2017 has increased by 118% over that for 2015. OC. Net income for 2017 has decreased by 18% over that for 2015. O D. Net income for 2017 has increased by 18% over that for 2015.The following data are taken from the financial statements of Sheffield Company. Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45 (a1) X Your answer is incorrect. 2022 $555,000 3,997,500 2021 $470,000 3,122,250 Compute for each year the accounts receivable turnover. At the end of 2020, accounts receivable (net) was $435,000. (Round answers to 1 decimal place, e.g. 1.6.)In the income statement below, ABC Trade Inc. wants to find the resulting net income for the year 2018 (in million). What is the right amount? Income Statement ($ Million) Year End 2015 2016 2017 2018 Sales 1,234.90 1,251.70 1,300.40 1,334.40 Cost of Sales (679.10) (659.00) (681.30) (667.00) Gross Operating Income Selling & Administration (339.70) (348.60) (351.20) (373.30) Depreciation (47.50) (52.00) (55.90) (75.20) Other Income/Expenses 11.80 7.60 7.00 8.20 Earnings Before Interest and Taxes Interest Income 1.30 1.40 1.70 2.00 Interest Expense (16.20) (15.10) (20.50) (23.70) Pre Tax Income Income Taxes (56.80) (64.20) (67.50) (72.60) Net Income Dividends (38.30) (38.70) (39.80) (40.10) Addition to Retained Earnings Group of answer choices 121.8 108.7 132.7 132.8 No choice given
