Cafés Richard Bangladesh 2020 Income Statement Net sales Tk. 5,680,000 Cost of goods sold Depreciation Earnings before interest and taxes Less: Interest paid Taxable Income (4,060,000) (420,000) 1,200,000 (30,000) 1,170,000 (410,000) Tk. 760,000 500,000 Less: Taxes Net income Dividends Cafés Richard Bangladesh Comparative Balance Sheets 2020 2020 2019 70,000 980,000 1,560,000 1,990,000 Accounts payable Long-term debt Common stock Retained earnings 2019 1,350,000 1,170,000 720,000 3,200,000 3,500,000 Cash 180,000 840,000 Accounts rec. 500,000 Inventory Total Current Assets 2,610,000 3,010,000 940,000 1,200,000 Net fixed assets Total assets 3,600,000 3,360,000 6,210,000 6,370,000 Total liabilities & equity 6,210,000 6,370,000 Required a. Calculate cash flow from assets for 2020;

Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of goods sold 660.0 Gross profit 135.0 Selling expenses 73.5 EBITDA 61.5 Depreciation expenses 12.0 Earnings before interest and taxes (EBIT) 49.5 Interest expenses 4.5 Earnings before taxes (EBT) 45.0 Taxes (40%) 18.0 Net income 27.0 a. Calculate the ratios you think would be useful in this analysis. b. Construct a DuPont equation, and compare the companys ratios to the industry average ratios. c. Do the balance-sheet accounts or the income statement figures seem to be primarily responsible for the low profits? d. Which specific accounts seem to be most out of line relative to other firms in the industry? e. If the firm had a pronounced seasonal sales pattern or if it grew rapidly during the year, how might that affect the validity of your ratio analysis? How might you correct for such potential problems?

Net income after taxes Income Tax Interest Expense Net Sales Cost of Goods Sold Operating Expenses What is the times interest earned? P18,000 12,000 80,000 620,000 460,000 50,000

Calculate net profit Details Debit(OMR) Credit(OMR) General  expenses 11700   Prepaid Rent 5100   Cost of goods sold 99700   Salaries 9300   Depreciation 1560   Account Payable   3575 Net Sales   150000 Other  income   2500   Select one: a. OMR   34715 b. OMR  30240 c. OMR  39815 d. OMR  31140

Sales Cost of goods sold Operating expenses Sales discounts Sales returns and allowances Interest revenue P 460,000 300,000 85,000 20,000 15,000 5,000 From the details above, compute the net sales.

Qe/ from the following tralasaction, prepar income Statement Sales reven ue tinished Goods V 50006 Net purchoses loo00 rent expenses 250 000 returns sales lo o00 So00 rent revenue 30oo administrutive Expensese 2e00 Sales salaries looo Depreriation other expensese tax income tooo +5006 finished goads 344 7o00 . tooo

A company reported the following data for the year ending 2018: Description Amount Sales Sales discount Sales returns and allowances $400,000 $16,000 $13,000 $117,000 $153,000 |Cost of goods sold |Operating expense Income tax expense $23,750 Compute the amount of gross profit to be reported on the income statement. a. $101,000 b. $117,000 c. $254,000 d. $124,750 Answer O O O O

A. Devine and Vicky are partners dealing in cosmetics and other assorted goods. They share profit and losses in ratio 3:2. The trial balance below was extracted from the books of the partners as at 31“ December, 2020. DR CR Rent Expenses 400,000 Bank overdraft 100,000 Discount 50,000 100,000 Turnover 2,100,000 Cost of Sales 700,000 Receivable 400,000 Patent 400,000 Stocks (31/12/2019) 150,000 Loan from Devine at 15% per annum 200,000 Land 900,000 Motor vehicle 600,000 Equipment 400,000 Provision for depreciation:

HEATLEY INTERNATIONAL INCOME STATEMENT FY 201X REVENUES COST OF GOODS SOLD Cost of Goods Sold So GROSS PROFIT (GROSS MARGIN) So OPERATING EXPENSES Selling Expenses Total Selling Expenses $0 General Expenses Total General Expenses $0 Total Operating Expenses $0 NET PROFIT (INCOME) BEFORE TAXES $0 Less: Income Tax Expenses (25%) $0 NET PROFIT (INCOME) AFTER TAXES $0 Introduction to Business (Carcioppolo) Name: . WHEATLEY INTERNATIONAL BALANCE SHEET December 31, 201X ASSETS Current Assets Total Current Assets $0 Fixed Assets Total Fixed Assets So Other Assets Total Other Assets $0 TOTAL ASSETS $0 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Total Current Liabilities $0 Long-Term Liabilities Total Long- Term Liabilities $0 Total Liabilities $0 Owner's Equity Total Owners' Equity $0 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $o

Sales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes (35%) Income after taxes. LANCASTER CORPORATION a. What is the times-interest-earned ratio? Note: Round your answer to 2 decimal places. Times interest earned Fixed charge coverage times b. What would be the fixed-charge-coverage ratio? Note: Round your answer to 2 decimal places. times $ 259,000 209,000 $ 50,000 24,500 $ 25,500 19,000 $ 6,500 2,275 $ 4,225