Financing Deficit Garlington Technologies Inc.'s 2019 financial statements are shown below: Income Statement for December 31, 2019 Sales $4,000,000 Operating costs 3,200,000  EBIT $  800,000 Interest 120,000  Pre-tax earnings $  680,000 Taxes (25%) 170,000 Net income 510,000 Dividends $  190,000 Balance Sheet as of December 31, 2019 Cash $   160,000   Accounts payable $   360,000 Receivables 360,000   Line of credit 0 Inventories 720,000   Accruals 200,000  Total CA $1,240,000    Total CL $   560,000 Fixed assets 4,000,000   Long-term bonds 1,000,000  Total Assets $5,240,000   Common stock 1,100,000       RE 2,580,000        Total L&E $5,240,000 Suppose that in 2020 sales increase to $4.2 million and that 2020 dividends will increase to $194,000. Forecast the financial statements using the forecasted financial statement method. Assume the firm operated at full capacity in 2019. The long-term bonds have an interest rate of 8%. New financing will be with a line of credit. Assume it will be added at the end of the year. Cash does not earn any interest income. Enter your answers as positive values. Do not round intermediate calculations. Round your answers to the nearest dollar. Garlington Technologies Inc. Pro Forma Income Statement December 31, 2020 Sales   $   Operating costs   $   EBIT   $   Interest   $   Pre-tax earnings   $   Taxes (25%)   $   Net income   $   Dividends:   $   Addition to RE:   $   Garlington Technologies Inc. Pro Forma Balance Statement December 31, 2020 Cash   $   Receivables   $   Inventories   $    Total current assets   $   Fixed assets   $    Total assets   $   Accounts payable   $   Line of credit   $   Accruals   $    Total current liabilities   $   LT bonds   $   Common stock   $   Retained earnings   $    Total L&E   $

Calculate the cash operating cycle of Stone Limited for the year ended 30 April, 2018 and 2019. cash operating cycle = inventory days + receivables days-payable days

Kinder Company Balance Sheet     December 31     2020   2019 Cash   $ 40,208   $ 11,424 Accounts receivable (net)   42,896   22,736 Inventory   39,200   47,040 Long-term investments   0   16,800 Property, plant & equipment   264,880   168,000 Accumulated depreciation       (42,224)       (28,000)     $344,960   $238,000           Accounts payable   $ 19,040   $ 29,680 Accrued liabilities   23,520   19,040 Long-term notes payable   78,400   56,000 Common stock   145,600   100,800 Retained earnings   78,400   32,480     $344,960   $238,000   Kinder Company Income statement December 31, 2020 Sales Revenue    $ 520,285  Cost of Goods Sold              (304,045) Gross Profit                   216,240 Operating Expenses                 (137,056) Depreciation Expense                   (14,224) Gain on Sale of Investment                   14,560 Net Income                    $79,520   Additional data: 1. Paid dividends of $33,600…

Free Cash Flows Rhodes Corporation’s financial statements are shown below. Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2020 2019 Sales $ 13,000 $ 11,000 Operating costs excluding depreciation 11,522 9,638 Depreciation and amortization 390 370 Earnings before interest and taxes $ 1,088 $ 992 Less interest 240 200 Pre-tax income $ 848 $ 792 Taxes (25%) 212 198 Net income available to common stockholders $ 636 $ 594 Common dividends $ 205 $ 200 Rhodes Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2020 2019 Assets Cash $ 550 $ 500 Short-term investments 120 100 Accounts receivable 2,750 2,500 Inventories 1,750 1,700 Total current assets $ 5,170 $ 4,800 Net plant and equipment 3,650 3,500 Total assets $ 8,820 $ 8,300 Liabilities and Equity Accounts payable $ 1,100 $ 1,000 Accruals 550 500 Notes payable 182 100 Total current liabilities $ 1,832…

Consider the following information for Handley Stores for 2020 and 2021: 2020 2021 Total assets $72,590,000 $68,832,000 Noninterest-bearing current liabilities 5,368,000 6,039,000 Net income 4,453,000 6,039,000 Interest expense 2,944,000 3,640,000 Sales 55,572,000 117,425,000 Tax rate 35% 35% X Your answer is incorrect. Compute ROI for both years. (Round answers to 2 decimal places, e.g. 15.32%.) 2020 2021 ROI 6.13 % 8.77 % * Your answer is incorrect. Break ROI down into profit margin and investment turnover. (Round answers to 4 decimal places, eg. 15.3215.) 2020 2021 Profit margin 8.01 5.14 Investment turnover 0.78 1.72

What is the amount of realized gross profit to be received on December 31, 2020

I need help with last problem " return on Equilty" I need rounding it.

Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below:    2021 2020 Accounts receivable $82,000 $81,000 Inventory 90,000 73,000 Net sales 420,000 375,000 Cost of goods sold 260,000 221,000 Total assets 825,000 760,000 Total stockholders' equity 490,000 450,000 Net income 78,000 58,000 TPX Company's 2021 gross profit ratio is: (Round your answer to one decimal place.)   Multiple Choice   61.9%.   43.1%.   47.1%.   38.1%.

HIC GROUP OF Companies COMPARATIVE INCOME STATEMENT For years  ended 3rd December                                                                                                                       2019                             2020       Revenue and gains Sales revenue                          495,500                       496,738.75 Interest revenue                     278,500                       279,196.25 Investment Income                71,700                         71,879.25 Other revenue                       101,500                       101,753.75 Total revenue and gains        947,200                        949,968 Expenses and losses                                                            Cost of good sold                 450,000                       447,750 Selling&administrative      185,000                           184,075 Computer (operating)        42,500                             42,288 Depreciation                       50,000…

Calculate the cash operating cycle of Stone Limited for the year ended 30 April, 2018 and 2019.