Comparative statement data for Douglas Company and Maulder Company, two com- petitors, appear below. All balance sheet data are as of December 31, 2011, and December 31, 2010. Douglas Company Maulder Company 2011 2010 2011 2010 Net sales $1,549,035 $339,038 Cost of goods sold 1,080,490 241,000 Operating expenses 302,275 79,000 Interest expense 8,980 2,252 Income tax expense 54,500 6,650 Current assets 325,975 $312,410 83,336 $ 79,467 Plant assets (net) 521,310 500,000 139,728 125,812 Current liabilities 65,325 75,815 35,348 30,281 Long-term liabilities 108,500 90,000 29,620 25,000 Common stock, $10 par 500,000 500,000 120,000 120,000 Retained earnings 173,460 146,595 38,096 29,998 Instructions (a) Prepare a vertical analysis of the 2011 income statement data for Douglas Company and Maulder Company in columnar form. (b) Comment on the relative profitability of the companies by computing the return on assets and the return on common stockholders’ equity ratios for both companies.

The comparative statements of Osborne Company are presented below:   OSBORNE COMPANY Income Statements For the Years Ended December 31 2014 2013 Net sales $1,897,652 $1,757,612 Cost of goods sols 1,065,652 1,013,112 Gross profit 832,000 744,500 Selling and administrative expenses 507,112 486,112 Income from operations 324,888 258,388 Other expenses and losses        Interest expense 23,327 21,327 Income before income taxes 301,561 237,061 Income tax expense 93,327 74,327 Net income $208,234 $162,734 OSBORNE COMPANY Balance Sheets December 31 2014 2013 Assets   Current Assets        Cash $60,100 $64,200      Debt investments (short-term) 74,000 50,000      Accounts receivable 124,912 109,912      Inventory 127,327 116,827          Total current assets 386,339 340,939 Plant assets (net) 659,589 530,889 Total assets $1,045,928 $871,828 Liabilities and Stockholders' Equity   Current liabilities        Accounts payable $167,112 $152,512 Income taxes payable 44,827 43,327           Total…

Pharoah Corporation recently filed the following financial statements with the SEC. Pharoah CorporationIncome Statement for the FiscalYear Ended July 31, 2017 Net sales   $77,630 Cost of products sold   55,218 Gross profit   $22,412 Selling, general, and administrative expenses   9,893 Depreciation   1,124 Operating income (loss)   $11,395 Interest expense   688 Earnings (loss) before income taxes   $10,707 Income taxes   3,748 Net earnings (loss)   $6,959     What are the company’s current ratio and quick ratio? (Round answers to 2 decimal places, e.g. 52.75.) Current ratio     Quick ratio

The following information is available for Crest Company:   Annual Data 2013 2012 Sales revenue $6,600,000 $6,000,000 Cost of goods sold 4,008,400 3,720,000 Net income 310,300 264,000   Year-End Data Dec. 31, 2013 Dec. 31, 2012 Total assets $2,750,000 $2,360,000 Common stockholders' equity 1,800,800 1,800,000 Calculate the following ratios for 2013:   a. Gross profit percentage   b. Return on sales

Manero Company included the following information in its annual report: 2018 2017 Sales Cost of goods sold Operating expenses Net income $188,400 115,000 50,000 23,400 $162,500 102,500 50,000 10,000 2016 $150,500 100,000 45,000 5,500 In a common size income statement for 2017, the cost of goods sold are expressed as OA. 115.0% OB. 61.0% OC. 100.0% O D. 63.7%

Following is an incomplete current-year income statement. Determine Net Sales, Cost of goods sold and Net Income. Additional information follows: Return on total assets is 16% (average total assets is $62,500). Inventory turnover is 5 (average inventory is $7,800). Accounts receivable turnover is 8 (average accounts receivable is $7,700). Income Statement Net Sales   Cost of goods sold   Selling, general, and administrative expenses 8800 Income tax expenses 3800 Net Income

Here are comparative financial statement data for Sandhill Company and Wildhorse Company, two competitors. All data are as of December 31, 2022, and December 31, 2021.     Sandhill Company   Wildhorse Company     2022   2021   2022   2021 Net sales   $1,872,000       $559,000     Cost of goods sold   1,100,736       297,388     Operating expenses   263,952       79,378     Interest expense   9,360       4,472     Income tax expense   54,288       6,149     Current assets   326,000   $314,500   83,500   $78,600 Plant assets (net)   519,600   497,900   141,000   125,100 Current liabilities   66,000   75,800   36,600   29,800 Long-term liabilities   107,800   91,600   30,400   25,600 Common stock, $10 par   498,000   498,000   122,500   122,500 Retained earnings   173,800   147,000   35,000   25,800 (a)     Prepare a vertical analysis of the 2022 income statement data for Sandhill Company and Wildhorse Company. (Round percentages…

Use the appropriate information from the data provided below to calculate operating income for the year ended December 31, 2014. Cost of Goods Sold    117,000 Inventory   125,000 General & Administrative Expenses   48,000 Net Cash Provided from Financing Activities  48,000 Dividends Paid   16,000 Net Sales  278,000 Selling & Marketing Expense   65,000 Interest Expense   23,000 Income Tax Expense  7,500

The following information relates to SE10-5 through SE10-7: (in millions) Net sales... Cost of goods sold SE10-7. Gross profit. Selling and administrative expenses Income from operations Interest expense.. EVANS & SONS, INC. Income Statement For Years Ended December 31, 2019 and 2018 Income before income taxes Income tax expense. Net income (in millions) Assets Current assets Cash and cash equivalents Accounts receivable Inventory.. Other current assets. Total current assets Property, plant, & equipment (net) Other assets. Total Assets Liabilities and Stockholders' Equity Current liabilities. Long-term liabilities. Total liabilities.. EVANS & SONS, INC. Balance Sheet December 31, 2019 and 2018 Stockholders' equity - common. Total Liabilities and Stockholders' Equity.. 2019 9,800 (5,500) 4,300 (2,800) 1,500 (300) $ 1,200 2019 100 900 500 400 2018 1,900 2,600 5,700 $10,200 9,300 (5,200) 4,100 (2,700) (220) (200) $980 $950 1,400 $ (250) 1,150 2018 300 800 650 250 2,000 2,500 5,900 $10,400…

10: Application of Financial Ratios Used to Measure Profitability The income statement of Garnet Mfg. Corp. for 2018 shows the following: Sales, net P 700,000 15,000 400,000 Net credit sales Cost of goods sold Cost of goods manufactured Net credit purchases 410,000 150,000 225,000 90,000 212,500 20,000 Raw materials used Net income Total operating expenses Depreciation Net income 90,000 The balance sheet figures as of December 31, 2017 and 2018 are as follows: December 31 2017 2018 P12,500 P 25,000 Cash 17,500 28,750 Marketable securities 10,000 20,000 Accounts receivable, net Inventories: 25,000 35,000 Finished goods Work in process 22,500 15,000 3,750 P 150,000 37,500 17,500 10,000 Raw materials Prepaid expenses Total current assets 2,500 P95,000 37,500 Investments 117,500 187,500 Plant, property and equipment, net