Ay 1. Using your financial analysis of Gap Clothing company, Refer to the Annual Reports located in the Class Resources. You will use information in the Form 10-K to complete this assignment. Using the correct formulas and a separate tab for each analysis, calculate the following ratios using Microsoft Excel: Three liquidity ratios for the past 2 years Three solvency ratios for the past 2 years Three profitability ratios for the past 2 years
Q: Part 016 is used by Mcvean Corporation to make one of its products. A total of 19,500 units of this…
A: Lets understand the basics. When decision is required to make between whether to produce internally…
Q: The comparative balance sheets for 2024 and 2023 and the statement of income for 2024 are given…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: "Mr. and Mrs. Jerald own a dry cleaning business that generates $125,000 taxable income each year.…
A: Income tax liability is the amount of tax that an individual or entity owes to the government based…
Q: In what section of the statement of cash flows would a Gain be reported when the indirect method is…
A: Solution : Statement of cash flows presents cash flows in three types of activities as Operating…
Q: On May 12, Scott Rinse accepted an $12,000, 12%, 90-day note for a time extension of a bill for…
A: The company issues the note to the customers. If company needs the money against note, it can…
Q: A young man is the beneficiary of a trust fund established for him 21 years ago at his birth. If the…
A: Calculation of amount will be received if interest compounded annually , Quarterly and monthly are…
Q: MCP 31-4 Current liabilities Included in Dwight Corporation's liability account balances at Dec. 31,…
A: An obligation is classified as non current liability, if Liability is to be settled within next 12…
Q: What amount will be tax-excludible to the annuitant?
A: To determine the amount that will be tax-excludable to the annuitant, we need to calculate the…
Q: Support Department Cost Allocation-Direct Method Yo-Down Inc. produces yogurt. Information related…
A: The direct method for cost allocation is a method for charging the cost of service departments to…
Q: Laura Strand’s regular hourly wage rate is $20, and she receives an hourly rate of $30 for work in…
A: Journal entries are the primary reporting of the business transactions in the books of accounts.…
Q: Reyes Corporation applies overhead using a normal costing approach based on machine-hours. Budgeted…
A: Overheads: These implies to the business expenses incurred in relation to the day to day or ongoing…
Q: Wildhorse Company expects to produce 1,260,000 units of product XX in 2022. Monthly production is…
A: Revenue and spending variance :— It is the difference between flexible budget and actual results.…
Q: Sleep Tight, Inc., manufactures comforters. The estimated invent December 31 for finished goods,…
A: Cost of goods sold (COGS) : Cost of goods sold budget shows the expenses incurred for producing a…
Q: Boyne University offers an extensive continuing education program in many cities throughout the…
A: Spending Variance :— It is the difference between actual cost and flexible cost. Flexible cost :—…
Q: Now that she is selling mixers and her customers can use credit cards to pay for them, Natalie is…
A: Amortization is the fall in the value of intangible assets, the amortization expense on intangible…
Q: The general ledger of Black Cloud Cleaners at January 1, 2024, includes the following account…
A: An adjusted trial balance lists the general ledger account balances after any adjustments have been…
Q: Given the trade prices for Jefferson Crab surrounding Eric's date of death, at what value will the…
A: To determine the value of the 1,000 shares of Jefferson Crab stock in Eric's gross estate, we need…
Q: Explain your answer with amounts. Days Sales Inventory Days Sales Receivables Analysis Company A…
A: Inventory is very important in the business because in business you have to satisfy immediate demand…
Q: Hi-T Company uses the weighted average method of process costing. Information for the company's…
A: The total cost of producing a product, including raw materials and operating costs, is detailed in a…
Q: The Mariachi Company prepared the following contribution format income statement based on a sales…
A: Break-even point is that point at which a company is making no profit no loss. In other words at…
Q: rcus is 54 and single. He would like to make the maximum Roth IRA contribution in 2022. He is an…
A: ROTH IRA is are very good plans for retirements and withdrawal from the IRA are tax free and there…
Q: 3. Prepare an adjusted trial balance as of December 31, 2024, after updating account balances for…
A: A firm's accounts, their helps balance, and any adjusting entries made at the end of an accounting…
Q: fixed costs are $613,000 and the unit contribution margin is $6.00, the break-even point in units if…
A: Solution: Breakeven point in units = Fixed costs / Contribution margin per unit New contribution…
Q: Accenture (which spun off of former accounting firm Author Anderson) wrote an article entitled "Meet…
A: The emergence of new business models and technologies is transforming the way companies operate and…
Q: secures financing for the balance at the rate of 9%/year compounded monthly. (Round your answers to…
A: Answer : price of new car =$16000 Less : Down payment = $16000*25% = $4000 Amount financed = $16000…
Q: Create your own company describing the nature of the company and what it provides (should be…
A: Journal Entry The purpose of providing the journal entry to enter the required transaction into…
Q: For each independent situation below, calculate the missing values. Revenues $1,150 104,820 ✔…
A: Solution: Net income (Loss) = Revenue - Expenses + Gains - Losses Net income (Loss) in situation 1 =…
Q: WaterCo, a U.S. corporation, purchases inventory for resale from unrelated distributors outside the…
A: Under the U.S. tax rules, the source of income from the sale of inventory is generally determined by…
Q: Sheridan Recreation Products sells the Amazing Foam Frisbee for $19. The variable cost per unit is…
A: Break even point sales is when all cost are recovered both fixed cost and variable cost. There is no…
Q: est rates were 6%, three companies issued bonds on January 1, 2021. Each company has a December 31…
A: Preparing the journal entries that each company would record for payment of interest as follows:…
Q: To stimulate the sales of its Alladin breakfast cereal, Sandhill Company places 1 coupon in each…
A: A company's financial transactions are documented in journal entries, which are then utilised to…
Q: hġ case study - 1 Student boarding with friends Mai is 22 and is studying a Bachelor of…
A: Economical lifestyle to live life along with continuing study.
Q: Non-GAAP measures have become extremely common. TRUE or FALS
A: Non-GAAP (Generally Accepted Accounting Principles) measures are financial performance metrics that…
Q: Manufacturers Southern leased high-tech electronic equipment from International Machines on January…
A: Calculation of Quarterly lease payment with all necessary working note and recording of journal…
Q: Larson Manufacturing uses a standard cost system. The direct labor cost standard is $11.00 direct…
A: Labour Rate Variance = (Standard Rate – Actual Rate) X Actual Hours Labour Efficiency Variance = =…
Q: Vaughn Company's balance sheet shows: Common stock, $20 par Paid-in capital in excess of par…
A: Treasury stocks are repurchased shares of the company. The company has the power to reissue these…
Q: "That old equipment for producing oil drums is worn out," said Bill Seebach, president of Hondrich…
A: Make or Buy Decision: Make or buy decision is the decision making for the business under which…
Q: Solve the following equation using EXCEL formulas, not mathematical formulas the following is given…
A: Shareholder's equity shows the company's worth is the amount that is available in the company for…
Q: direct labor-hour, respectively. The company's direct labor wage rate is $18.00 per hour. The…
A: Answer : Calculation of the total manufacturing cost of Job N - 60 : Particular Assembly Testing…
Q: Regular Company produces audio equipment, specifically headphones and speakers. A new CEO has just…
A: Profit Margin: The difference between the entire revenue that your company pulls in and the total…
Q: Duke Company's records show the following account balances at December 31, 2024: $ 16,600,000…
A: Comprehensive income is the total of a company's net income and other comprehensive income of the…
Q: During 2022, Bridgeport Corp. produced 35,910 units and sold 35,910 for $14.00 per unit. Variable…
A: calculation of manufacturing cost per unit with necessary calculation and preparation of income…
Q: On August 1, Handley Ltd. accepted a $25,200 note from Borges Ltd. in settlement of an account…
A: August 1: Accounts Receivable $25,200 To Notes Receivable $25,200 (Recording…
Q: Suppose that your bank pays 6% interest, compounded quarterly. Use Table 12-2 to find how much…
A: Using Table 12-2, we can find the present value factor for an annuity of $1 per period for 12…
Q: Explain all why will increase, decrease or stay the same
A: Lets understand the basics. As per balance sheet or accounting equation, total assets are always…
Q: Robinson’s, an electrical supply company, sold $8,000 of equipment to Jim Coates Wiring,…
A: The maturity value of note is calculated as sum of face value and interest revenue for the note. The…
Q: Fill in the blanks in the following separate income statements a through e.
A: Gross profit means the profit earned by selling the goods without considering the indirect expenses…
Q: ome years ago, Junior Ltd established a defined benefit pension plan for its employees. The company…
A: The anticipated present value of all future pension benefits that employees would get as of a…
Q: Franklin Glass Works uses a standard cost system in which manufacturing overhead is applied to units…
A: calculation of fixed overhead applied to production are as follows. Fixed overhead are those which…
Q: This year Lloyd, a single taxpayer, estimates that his tax liability will be $12,100. Last year, his…
A: Tax Liability The amount that a person, company, or other entity owes to a federal, state or local…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
- Assignment 1 : Select a company. It is advised to choose the organization ( if it is listed ) where you are employed for this assignment. If your organization is not listed you may choose any other listed company from your industry or related industry. · Download last 3 years annual report. · Compute the financial ratios for last 3 years and see the trend [ Profitability ratios, Liquidity ratios, Activity Ratios, Financing Ratios, and Market Ratios ] . You need to do this exercise on an excel file. · Provide explanation on the strategic implications of these ratios on your company ’ s financial standing and strategy. You may explain in 2 - 3 lines for each category of ratios. [ Profitability ratios, Liquidity ratios, Activity Ratios, Financing Ratios, and Market Ratios ] . Use the same company as the one mentioned in Assignment 1 . • Part A: Strategic Analysis • Conduct a strategic analysis using PESTLE and Porter ’ s 5 forces tools for understanding the…The following are financial ratios for the company. You are required to answer the following questions. Year 5 Year 6 Year 7 ROA 2.87% 2.60% 4.13% Profit Margin 3.2% 2.9% 3.1% Assets Turnover 0.90 0.88 0.99 Accounts receivable Turnover 6.2 11.5 118.4 Inventory Turnover 6.1 6.0 5.8 Fixed Assets Turnover 1.3 1.4 1.5 collection period 58.6 31.7 3.1 inventory period 59.6 60.9 62.5 %change in sales 7.66% 9.68% 1. Explain the decrease in ROA between year 5 and year 6? And the increase between year 5 and 6?The following are financial ratios for the company. You are required to answer the following questions. Year 5 Year 6 Year 7 ROA 2.87% 2.60% 4.13% Profit Margin 3.2% 2.9% 3.1% Assets Turnover 0.90 0.88 0.99 Accounts receivable Turnover 6.2 11.5 118.4 Inventory Turnover 6.1 6.0 5.8 Fixed Assets Turnover 1.3 1.4 1.5 collection period 58.6 31.7 3.1 59.6 60.9 62.5 inventory period %change in sales 7.66% 9.68% Between year 5 and 6, the increase in cost of goods sold and the decrease in inventory turnover is an indication of what? Provide evidence to your answer.
- Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2022, and from its Complete this question by entering your answers in the tabs below. March 31, 2022, balance sheet to complete the requirements. Computer services revenue Net sales (of goods) Total sales and revenue Cost of goods sold. Net income Quick assets Current assets Total assets Current liabilities Total liabilities. Total equity Required 1 Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Required 2 Complete this question by entering your answers in the tabs below. $ 25,307 18,693 44,000 Required 3 Gross margin ratio Net profit margin ratio 14,052 18,833 90,924 95,568 120,268 875 875 119,393 % Compute the gross margin ratio (both with and…Question 1 Mabel is a potter and sells her pottery at stalls that she rents in four tourist information centres across the south of England. Extracts from her financial statements for the years ended 31 December 2021 and 2020 are shown below. Statement of profit or loss for the year ended 31 December: 2021 28,900 |(16,500) 12,400 (3,800) 8,600 |(4,000) 4,600 2020 Revenue 27,200 (14,000) 13,200 (3,600) 9,600 Cost of sales Gross profit Operating expenses Operating profit Non-operating expenses Net profit 9,600 Statement of financial position as at 31 December: 2021 Non-current assets Current assets Total assets 22,660 4,360 27,020 2020 20,920 3,750 24,670 Equity Non-current liabilities Current liabilities Equity and liabilities 20,940 3,000 3,080 27,020 16,340 3,500 4,830 24,670 The following information is also relevant: In July 2021 the rent on one of Mabel's stalls was increased significantly for the third time in three years so she decided not to renew the annual contract. She sold…The financial statements for Royale and Cavalier companies are summarized here: Cavalier Royale Company Company Balance Sheet $ 31,000 61,000 122,000 562,000 146,000 $ 51,000 22,000 37,000 172,000 52,000 Cash Accounts Receivable, Net Inventory Equipment, Net Other Assets $ 922,000 $ 334,000 $ 27,000 67,000 216,000 10,000 14,000 $ 334,000 Total Assets $ 132,000 202,000 486,000 56,000 Current Liabilities Notes Payable (long-term) Common Stock (par $20) Additional Paid-In Capital Retained Earnings 46,000 Total Liabilities and Stockholders' Equity $ 922,000 Income Statement $ 818,000 $ 298,000 156,000 101,000 Sales Revenue Cost of Goods Sold 486,000 246,000 Other Expenses $ 86,000 $ 41,000 Net Income Other Data $ 18.00 $ 15.00 Per share price at end of year Selected Data from Previous Year Accounts Receivable, Net Notes Payable (long-term) Equipment, Net Inventory Total Stockholders' Equity $ 53,000 202,000 562,000 101,000 588,000 $ 20,000 67,000 172,000 44,000 240,000 These two companies…
- The financial statements of Dandy Distributors Ltd. are shown on the "Fcl. Stmts." page. 1 Based on Dandy's financial statements, calculate ratios for the year ended December 31, 2020. Assume all sales are on credit. Show your work. 2 From these ratios, analyze the financial performance of Dandy.In the provided income statement image, can you plz calculate the profitability ratios: Gross Profit Margin for the 3 years (2021, 2020, 2019) and Profit Margin for 3 years) and could you discuss and explain the gross profit margin and profit margin and overall the company's profitability (or lack thereof). also please can you show your calculations for the 3 years for each ratioAlex is currently considering to invest his money in one of the companies betweenCompany A and Company B. The summarized final accounts of the companies for theirlast completed financial year are as follows: (refer to the images) Required:a. Calculate the following ratios for Company A and Company B. State clearly theformulae used for each ratio:i. Gross Profit Marginii. Net Profit Marginiii. Inventory Turnover Period (days)iv. Receivables Collection Period (days)v. Payables Payment Period (days)vi. Current Ratiovii. Quick Ratiob. Comment on each of the ratios calculated in part (a) above.
- Rick's Travel Service has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information: sales are $7.4 million, total debt is $2.00 million, debt ratio is 35 percent, and ROE is 17.1 percent. Using the above information, calculate Rick's ROA. Note: Round your answer to 2 decimal places. ROA %Required: Compute the following: (For Requirements 1 to 4, enter your percentage answers rounded to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) 1. Gross margin percentage. 2. Net profit margin percentage. 3. Return on total assets. 4. Return on equity. 5. Was financial leverage positive or negative for the year? 1. Gross margin percentage % 2. Net profit margin percentage % 3. Return on total assets % 4. Return on equity % 5. Financial LeverageSPREADSHEET DIRECTIONS: Apple Inc. wants to conduct a comparative Ratio Analysis of their last 2 years to reveal insight into their profitability, liquidity, solvency, and operational efficiency. Utilize the provided Ratios to complete the Analysis. Utilize the APPLE Income Statement, APPLE Balance Sheet, APPLE Cash Flow Statement Spreadsheets and the Ratio Equations to complete the missing colored cells. spreadsheet https://docs.google.com/spreadsheets/d/1PMxi_-pVCN3FvbeCZTQ7q9caeDtA1x1x/edit?usp=sharing&ouid=103368527338324517598&rtpof=true&sd=true