come statement information for Shoe Group, a German footwear, apparel, and accessories manufacturer, for the year ended December 31, 2016, follows (in millions). Net income Financial income Financial expenses Operating profit € 1,028 36 82 1,507 Income before taxes Gross profit Royalty and commission income Other operating income € 1,461 9,387 117 274
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- Exercise 4-17 (Algo) Computing net sales for multiple-step income statement LO P4 A company reports the following sales-related information. Sales, gross $ 210,000 Sales returns and allowances 4,200 Sales salaries expense Sales discounts Prepare the net sales portion only of this company's multiple-step income statement. Net sales Multiple-Step Income Statement (Partial) $ 13,000 10, 20027 A1 CORPORATION, INC. Income Statement For the Year Ended December 31, 2026 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income Using vertical analysis, what percentage is assigned to cost of goods sold? OA) 37.5% B) 100% OC) 62.5% $240 150 90 65 $25 D) 50%Exercise 4-11 Computing net sales for multiple-step income statement LO P4 A company reports the following sales-related information. Sales, gross Sales discounts $ 205,000 Sales returns and allowances 4,100 Sales salaries expense $ 12,000 10,100 Prepare the net sales portion only of this company's multiple-step income statement. Multiple-Step Income Statement (Partial) Net sales
- Administrative expenses Net income Additional information: AWN2 The income statement of Carla Company is shown below. Carla Company Income Statement For the Year Ended December 31, 2025 Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit Operating expenses Selling expenses 2. 3. 5. $1,890,000 4,410,000 6,300,000 1,590,000 450,000 700,000 $6.930,000 1. Accounts receivable decreased $370,000 during the year. Prepaid expenses increased $160,000 during the year. Accounts payable to suppliers of merchandise decreased $290,000 during the year. Accrued expenses payable decreased $90,000 during the year. Administrative expenses include depreciation expense of $50,000. 4,710,000 2,220,000 1,150,000 $1,070,000 Prepare the operating activities section of the statement of cash flows using the direct method.A 2 Category 3 Sales 4 Cost of Goods Sold 15 a. Calculate ROA for current values. 16 Note: Round your answers to 2 decimal places. 17 18 SPM Outputs 19 Gross Profit 20 B Current Input Values $3,237,000.00 $2,490,000.00 $415,000.00 $161,850.00 $465,000.00 $162,000.00 $546,000.00 $492,000.00 5 Variable Expenses 6 Fixed Expenses 7 Inventory 8 Accounts Receivable 9 Other Current Assets 10 Fixed Assets 11 12 Required: 13 Note: Use cells A2 to C10 from the given information to complete this question. 14 Total Expenses 21 Net Profit 22 Net Profit Margin 23 Current Assets 24 Total Assets 25 Asset turnover 26 ROA (%) 27 28 b. Calculate ROA for new values. 29 Note: Round your answers to 2 decimal places. 30 31 SPM Outputs 32 Gross Profit 33 Total Expenses 34 Net Profit 35 Net Profit Margin 36 Current Assets 37 Total Assets 38 Asset turnover 39 ROA (%) 40 41 42 C New Input Values $3,560,700.00 $2,490,000.00 $383,875.00 $161,850.00 $395,250.00 $162,000.00 $546,000.00 $492,000.00 D E F TI G H I J K…#becausesneaker.... HW CH 17 Vertical Analysis of Income Statement Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: Current Year Previous Year Sales Cost of merchandise sold Selling expenses Administrative expenses Income tax expense Custom Order Sales Cost of merchandise sold Selling expenses a. Prepare an income statement in comparative form, statin each item for both years as a percent of sales. If required, round percentages to one decimal place. Enter all amounts as positive numbers. Administrative expenses Income tax expense $483,000 280,140 82,110 86,940 14,490 Innovation Quarter Inc. Comparative Income Statement For the Years Ended December 31 Current year Amount $483,000 280,140 82,110 86,940 14,490 percentage points, and administrative expenses net income as a percent of sales Current year Percent % % % % % % $420,000 218,400 79,800 71,400 21,000 % % % Previous year Amount $420,000 218,400 79,800 71,400 21,000 Previous year Percent b.…
- Exercise 13-3 (Algo) Computing and analyzing trend percents LO P1 Sales Cost of goods sold Accounts receivable. 2021 $ 706,675 363,004 34,274 2020 2019 $464,918 $ 371,9341 238,808 193, 136 27,058 25,477 2018 $ 260,094 133,898 15,268 2017 $ 194, 100 98,991 13,296 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.Exercise 17-5 (Algo) Determining income effects from common-size and trend percents LO P1, P2 Common-size and trend percents for Roxi Company's sales, cost of goods sold, and expenses follow. Common-Size Percents 1 Year Ago 100.0% 61.2 13.8 Sales Cost of goods sold Operating expenses Current Year 100.0% 63.4 14.3 Change in Net Income Net Income Trend Percents 1 Year Ago 103.4% 109.5 101.2 2 Years Current Ago Year 100.0% 104.6% 57.8 114.7 14.1 106.2 Determine the net income for the following years. Did the net income increase, decrease, or remain unchanged in this three-year period? Complete this question by entering your answers in the tabs below. Did the net income increase, decrease, or remain unchanged in this three-year period? Did the net income increase, decrease, or remain unchanged in this three-year period?QUESTION 3 INTERPRETATION OF FINANCIAL INFORMATION You are provided with financial indicators of Mashonisa Traders on 31 August 2018. The business has a target mark up on cost of 75% Use the information to answer the questions that follow: N.B: In answering the questions quote relevant Indicators, figures and trends. 1. INFORMATION 2018 60% 46% 21% 16,1% 27,9% 2017 63% Gross profit on cost Gross profit on sales Operating expenses on sales Operating profit on sales Return on owner's equity Current ratio 50% 18% 19,2% 23% 1,9:1 0,9:1 2,5:1 12% 2,1:1 1:1 3,3.1 12% Acid test ratio Solvency ratio Interest on fixed deposits REQUIRED: The owner of Mashonisa Traders is happy about the liquidity position of the business. Quote TWO relevant financial indicators with figures to support her opinion. 3.1 The manager is concerned about the mark up % achieved by the business. Quote ONE relevant indicator to support her concern. And explain what caused the business not to achieve its targeted mark up.…
- Sales transactions Using transactions listed in P4-2, indicate the effects of each transaction on the liquidity metric working capital and profitability metric gross profit percent. Indicate the gross profit percent for each sale (rounding to one decimal place) in parentheses next to the effect of the sale on the company’s ability to attain an overall gross profit percent of 30%.Question 20 During the current year, the entity paid suppliers 4.9M and reported the following balances: January 1 Inventory 2.9M Accounts payable 500K December 31 2.6M 750K What amount should be reported as cost of goods sold in the income statement for the current year?QS 18-11 (Algo) Preparing an income statement LO P1 Prepare an income statement for Rex Manufacturing for the year ended December 31 using the following information. Hint. Not all information given is needed for the solution. Finished goods inventory, ending General and administrative expenses Accounts receivable $ 17,400 15,400 19,400 Finished goods inventory, beginning 20,400 Cost of goods manufactured 41,400 Selling expenses 13,400 Cash Land Sales 56,400 29,400 94,800 Equipment 2,400 REX MANUFACTURING Income Statement For Year Ended December 31 Sales Cost of goods sold Cost of goods manufactured Goods available for sale 0