A firm’s income statement included the following data. The firm’s average tax rate was 20%. Cost of goods sold $ 10,000 Income taxes paid $ 4,000 Administrative expenses $ 5,000 Interest expense $ 3,000 Depreciation $ 3,000 What was the firm’s net income? What must have been the firm's revenues? What was EBIT?

Q: Suppose a firm pays total dividends of $35,000 out of net income of $200,000. What would the firm's…

A: Total dividends= $35,000 Net income= $200,000 Firm's payout ratio=?

Q: What is locals net profit margin?

A: Net profit margin =

Q: Horner Corporation reported net sales of $150,000, cost of goods sold of $96,000, operating expenses…

A:

Q: A firm has the following accounts.: Sales = $10,346,000; Cost of goods sold = $6,005,000; Addition…

A: We know that,Sales - Cost of Goods Sold - Interest Expense - Depreciation = Profit before…

Q: Buttack Eyes, Inc., has sales of $19 million, total assets of $15.6 million, and total debt of $6.3…

A: The return on assets (ROA), a financial metric, gauges a company's financial performance in terms of…

Q: Corporate income tax) G. R. Edwin Inc. had sales of $6.06 million during the past year. The cost of…

A: The objective of the question is to calculate the firm's tax liability, average tax rate, and…

Q: Lifeline, Inc., has sales of $830,362, costs of $376,820, depreciation expense of $39,240, interest…

A: Income statement :— It is one of the financial statement that shows profitability, total revenue and…

Q: Using the following data, calculate the firm’s price earnings ratio.  Show your work and briefly…

A: Price earnings ratio is obtained by dividing he price per share by the earnings per share.   Price…

Q: Lifeline, Inc., has sales of $928,589, costs of $498,849, depreciation expense of $62,374, interest…

A: Solution:- Net profit means the net earnings earned by a firm after taking into consideration the…

Q: (Profitability analysis) Last year Triangular Resources earned $4.6 million in net operating income…

A: Here,Net Operating Income is $4.6 millionOperating Profit Margin is 19.7%Total Asset Turnover Ratio…

Q: The net profit margin tells how much profit a company makes for every dollar it generates in…

A: In this we have to use common finance terms and theory.

Q: A firm has the following accounts; sales = $1,190,000, cost of goods sold = $876,000, depreciation…

A: Sales = s = $1,190,000Cost of Goods Sold = cogs = $876,000Depreciation = d = $130,000Addition to…

Q: net

A: Introduction: The term net income can be defined as the excess of revenues over the expenses of the…

Q: Your firm has net income of $315 on total sales of $1,260. Costs are $700 and depreciation is $110.…

A: Net income = $315 Depreciation = $110

Q: Sheryl's Shipping had sales last year of $15,000. The cost of goods sold was $7,500, general and…

A: On statement of cash flow, the cash flow is reported under three activities that are operating,…

Q: Aurora Lighting Ltd has the following income statement items: sales of $12 000 000; cost of goods…

A: We need to use these formulas for calculation of above variables 1.Gross profit =Sales -Cost of…

Q: A firm had gross profits from sales in the amountof $180,000, operating expenses of $90,000,and…

A: Net Income is defined as the aggregate amount of money that the business earned in the time period,…

Q: A company reports the following data: Interest expense $10,000 Cost of goods sold…

A: Profit margin: Profit margin refers to the measure of business’s financial health. It is generally…

Q: Suppose a firm pays total dividends of $696,000 out of net income of $2.4 million. What would the…

A: Companies pay dividends to its shareholders from its profits.The quantum of dividends is decided by…

Q: Your firm has the following income statement items: sales of $50,250,000; income tax of $1,744,000;…

A: Income before tax means net income of the business after considering all operating and non operating…

Q: The Jacks corporation reported the following: i. Net income $ 840,000.00 ii. Accounts payable and…

A: Ratio Analysis: This is the process of computing, determining, and presenting the relationship of…

Q: A firm has net income of $500,000 and sales of $18,000,000. Its interest expense is $180,000 and the…

A: Net Income = ni = $500,000Sales = s = $18,000,000Interest Expenses = i = 180,000Tax rate = t = 30%

Q: The net profit margin tells how much profit a company makes for every dollar it generates in…

A: given N= net income I = income before tax Tax rate = 20% M(N,R) = NR

Q: Assume that your firm has a return on assets of 14.7%, sales of $16,625,000, total assets of…

A: Here, Return on Assets14.70%Sales $ 1,66,25,000.00Total Assets $    47,50,000.00Return on…

Q: Consider the following income statement data from the Ross Company: Current Year Prior Year $962,500…

A: Comparative financial statement means where the difference is taken between the figure of two years…

Q: Keller Cosmetics maintains an operating profit margin of 8.15% and a sales-to-assets ratio of 3.20.…

A: Sales = $1,696,000Operating profit = $138224Net profit = $73656.80

Q: Keller Cosmetics maintains an operating profit margin of 8.25% and a sales-to-assets ratio of 3.40.…

A: Step 1:a) and b) We have to calculate the return on assets and return on equity.First of all, we…

Q: ou are given the financial information for the Unic Company: Earnings Before Interest and Tax…

A: Company Equity is the difference between the assets and liabilities of the company . We also…

Q: 1. Helo Company has provided the following data: Sales, P5,000,000; Interest expense, P30,000; Total…

A: Net income When the revenues or incomes received by a company are higher than the expenses or…

Q: A firm has sales of $4,790, costs of $2,590, interest paid of $174, and depreciation of $483. The…

A: Calculating the Earnings before Interest and taxes ( EBIT )Earnings before Interest and taxes…

Q: total sales of $340,000. And a net income after tax of $47,600. Calculate the operating margin if…

A: To calculate the operating margin we need to calculate the operating income.Operating Income is an…

Q: What is the difference between operating income, net income and other comprehensive income? If a…

A: Operating income is computed after deducting all operating expenses like cost of goods sold, wages…

Q: A firm's income statement included the following data. The firm's average tax rate was 25%. Cost of…

A: The income statement shows the financial position of the company whether the business is making a…

Q: perating capital = $2,300. What was its return on invested capital (ROIC)? Select the correct…

A: Answer : Return on invested capital (ROIC) = NOPAT / Total operating capital  Return on invested…

Q: A firm’s financial statements included the following data. The firm employs 5,000 workers. Firm’s…

A: EBIT, earnings before interest and taxes is a measure of a firm's profit that includes all incomes…

Q: WayneCorp, Inc., has sales of $581, 000, costs of $244, 000, depreciation expense of $36,000,…

A: Income statement is one of financial statements prepared at the end of the period. It shows how much…

Q: The firm had sales of $33 million, operating expenses of $14 million, interest of $4 million and…

A: Earnings before interest & taxes(EBIT) is the income generated by an entity before making…

Q: Lemon Auto Wholesalers had sales of $1,400,000 last year, and cost of goods sold represented 77…

A: Earnings after tax (EAT) is the measure of a company's net profitability.

Q: (Calculating corporate income tax) G. R. Edwin Inc. had sales of $6 million during the past year.…

A: TaxationRules by which an authority (usually a government) imposes a financial obligation on…

Q: $1,500; Baby Camels Inc. had the following data for the year ending 12/31/12: Net income = EBIT…

A: Return on Invested Capital ( ROIC ) is  a financial metric used to evaluate the efficiency and…

Q: ble income is $10 million, the tax liability is $3 million, and dividends paid are $2 million, what…

A: Retained earning are net income that is retained by the company after payment of dividends and is…

Q: Suppose you are given the following information for Bayside Bakery: sales = $30,000; addition to…

A: EBIT refers to earnings before interest and taxes.   EBIT is that profit line item that relates to a…

Q: Antonio Company's net income and net sales are $50,000 and $800,000, respectively, and average total…

A: The ROA of a company refers to the measure of the performance and efficiency of the company in…

Q: A company paid $11,310 in interest and $16,500 in dividends last year. The times interest earned…

A: Data Given:: Interest Expenses= $11,310 Times Interest earned ratio= 2.9 Depreciation expense=…

Q: utterfly Tractors had $15.50 million in sales last year. Cost of goods sold was $8.30 million,…

A: Net income is amount of cash money available after making payment to the cost of goods sold and…

Q: A firm has a ROE of 16.875%, asset turnover of 2.5, and an equity multiplier of 1.5. If the firm has…

A: Net Income: It is a computation that estimates the amount of total incomes that surpass total costs.…

Q: A firm has net income of $21,350, depreciation of $2,780, interest of $640, and taxes of $10,990.…

A: We can calculate the value of the firm by using the EBITDA and EBITDA Multiple. We will first…