The following data pertain to British Isles Aggregates Company, a producer of sand, gravel, and cement, for the year just ended. Sales revenue Cost of goods sold £6,300,000 2,352,000 3,444,000 1,260,000 Operating expenses Average invested capital £ denotes the British pound sterling, the national monetary unit of Great Britain. Exercise 13-33 Part 3 3-a. Assuming that the expenses and cost of goods sold are reduced in order to improve the firm's ROI to 45 percent, compute the Firm's new sales margin. 3-b. Show how the new sales margin and the old capital turnover together result in a new ROI of 45 percent.
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- The following data pertain to British Isles Aggregates Company, a producer of sand, gravel, and cement, for the year just ended. Sales revenue £ 6, 900, 000 Cost of goods sold 2,928, 000 Operating expenses 3, 696,000 Average invested capital 3,450,000 £ denotes the British pound sterling, the national monetary unit of Great Britain. 3-a. Assuming that the expenses and cost of goods sold are reduced in order to improve the firm's ROI to 15 percent, compute the firm's new sales margin. 3 - b. Show how the new sales margin and the old capital turnover together result in a new ROI of 15 percent.The following information is provided. Sales revenue HK$112,000 Gain on sale of plant assets 33,600 Selling and administrative expenses 11,200 Cost of goods sold 61,600 Interest expense 5,600 Income tax rate 20 % Determine (a) Income from operations HK$enter a hong kong dollar amount (b) Income before income tax HK$enter a hong kong dollar amount (c) Net income HK$enter a hong kong dollar amountThe following table presents international flow values information for a country, expressed in generic units. Exports of goods: 4,000 Exports of services: 2,500 Investment income receipts: 1,600 Secondary income receipts: 400 Imports of goods: 1,200 Imports of services: 5,000 Investment income payments: 2,300 Secondary income payments: 100 Calculate the country's financial account balance.
- What is the gross profit for the year if the net revenue from by-product is treated as additional sales revenue? b. P1,230,000 c. P1,218,000 d. P1,118,000 a. P1,200,000 What is the net income for the year if the net revenue from by-product is treated as deduction from the cost of goods sold? d. P118,000 b. P230,000 a. P200,000 c. P218,000What is the net income for the year if the net revenue from by-product is treated as deduction from the cost of goods sold? Group of answer choices d. P118,000 b. P230,000 a. P200,000 c. P218,000Selected XYZ financials (in dollars) 25,240,000 24,324,000 18,785,000 2,975,000 12,600,000 10,550,000 2,875,000 3,445,000 Gross income Total Sales Total Credit Sales, Net Income Cost of Goods Sold Total Assets Average Inventory Average Accounts receivable What is the asset turover ratio for Firm XYZ. (round to 3 decimals)
- Consider the following income statement: Sales Costs Depreciation Taxes Calculate the EBIT. EBIT $748,168 486,752 110,700 Net income 23% Calculate the net income.Sales revenue HK$112,000 Gain on sale of plant assets 33,600 Selling and administrative expenses 11,200 Cost of goods sold 61,600 Interest expense 5,600 Income tax rate 20 % Determine (a) Income from operations HK$enter a hong kong dollar amountRotorua Products, Limited, of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company's current assets, current liabilities, and sales over the last five years (Year 5 is the most recent year) are as follows: Sales Cash Accounts receivable, net Inventory Total current assets Current liabilities Required: Year 2 $ 4,811,010 $ 107,506 434,300 875,188 Year 1 $ 4,566,790 $ 83,177 412,248 808,923 $ 1,304,348 $ 1,416,994 $ 316,105 $ 348,257 Year 3 $ 5,042,090 $ 97,115 444,761 830,890 $ 1,372,766 $ 335,911 Year 4 $ 5,400,030 $ 82,132 512,978 891,938 $ 1,487,048 $ 321,500 Year 5 $ 5,684,250 $ 78,811 573,511 911,368 $ 1,563,690 $ 397,247 1. Express all of the asset, liability, and sales data in trend percentages. Use Year 1 as the base year. (Round your percentage answers to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) Year 1 Year 2 Year 3 Year 4 Year 5 % % % % % Sales Current assets: Cash % % % % % Accounts receivable, net % % % % %…
- How much is the cost of goods sold of the branch to be included in thecombined financial statements? A. 900,000B. 1,500,000C. 1,200,000D. 1,800,000Corporation.Gross income $25,240,000Total sales 24,324,000Total credit sales 18,785,000Net income 2,975,000Cost of goods sold 12,600,000Total assets 10,550,000Average inventory 2,875,000Average receivables 3,445,000a. Compute the receivable turnover ratio.b. Compute the inventory turnover ratio.c. Compute the asset turnover ratio.Lechon Company provided the following data for the current year: Sales Cost of goods sold Expenses Depreciation Income tax expense The entity has two major reportable segments, A and B. An analysis revealed that P1,000,000 of the total depreciation expense and P2,000,000 of the expenses are related to general corporate activities. The remaining expenses and sales are directly allocable to segment activities according to the following percentages: Sales Cost of goods sold Expenses Depreciation P60,000,000 28,000,000 14,000,000 4,000,000 4,000,000 Segment A 40% 35 40 40 Segment B 45% Others 15% 15 20 15 50 40 45 What amount should be reported as net income of Segment A?