he Haines Corporation shows the following financial data for 20X1 and 20X2:   20X1 20X2 Sales $ 2,950,000 $ 3,380,000 Cost of goods sold 1,630,000 2,170,000 Gross profit $ 1,320,000 $ 1,210,000 Selling & administrative expense 269,000 265,000 Operating profit $ 1,051,000 $ 945,000 Interest expense 45,400 46,600 Income before taxes $ 1,005,600 $ 898,400 Taxes (35%) 351,960 314,440 Income after taxes $ 653,640 $ 583,960 For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in 20X2. Note: Input your answers as a percent rounded to 2 decimal places.

NRH Corp.Common-sizeIncome Statement   Sales          100% Cost of goods sold            63  Operating expenses             21 Interest expense              5 Income tax                4 Net income              7% Sales $8,000,000   NRH Corp. Common-size Balance Sheet   Cash             5% Accounts receivable            20 Inventory            25 PP&E, net               50 Total assets         100% Short-term debt           20% Long-term debt            35 Common equity               45 Total liabilities and equity 100% Total assets $6,000,000       NRH Corp’s current ratio is closest to: 1.90. 1.20. 2.50.   NRH Corp’s times interest earned ratio is closest to: 1.6. 7.0. 3.2.

Assume that the Acct 201 Co. has $1,000,000 in Sales ($600,000 on account; $400,000 for cash), Cost of merchandise sold of $100,000 and Operating expenses of $300,000. Acct 201's Gross profit is:

Large Company $ Net sales 379,420 163,100 216,320 Cost of sales Gross profit Selling, general, and administrative $ 146,610 expenses Operating income $ 69,720 Net income 41,610 50,480 Cash and cash equivalents Net receivables 17,400 Inventories 223,430 315,160 Total current assets Property and equipment 81,880 Other assets 66,040 Total assets 463,090 29,540 Accounts payable Stockholder equity 261,130 What is the value of C2C in weeks? (Choose the closest) 31.47 -12.81 -5.82 64.20 4.

The following information is available for the McCartney Corporation: Sales $750,000Costs of goods sold $450,000Gross Profit $300,000Operating income $85,000Net income $42,000Inventory, beginning-year $71,200Inventory, end of year $48,800Calculate the company's inventory turnover and its days' sales in inventory.

Return Ratios and Leverage The following selected data are taken from the financial statements of Redwood Enterprises: Sales revenue   $641,000 Cost of goods sold   356,000 Gross profit   $285,000 Selling and administrative expense   100,000 Operating income   $185,000 Interest expense   50,000 Income before tax   $135,000 Income tax expense (40%)   54,000 Net income   $81,000 Accounts payable   $45,000 Accrued liabilities   70,000 Income taxes payable   10,000 Interest payable   25,000 Short-term loans payable   150,000 Total current liabilities   $300,000 Long-term bonds payable   $500,000 Preferred stock, 10%, $100 par   $250,000 Common stock, no par   600,000 Retained earnings   350,000 Total stockholders' equity   $1,200,000    Total liabilities and stockholders' equity   $2,000,000 Required: 1.  Compute the following ratios for Redwood Enterprises: Return on sales Asset turnover (Assume that total assets at the beginning of the year…

Anthony Corporation reported the following amounts for the year: Net sales 296,000   Cost of goods sold 138,000   Average inventory 50,000   Anthony's gross profit ratio is: 53.4%. 51.9%. 50.3%. 46.6%. Anthony's average days in inventory is:  70 days. 114 days. 132 days. 151 days. A company's sales equal $60,000 and cost of goods sold equals $20,000. Its beginning inventory was $1,600 and its ending inventory is $2,400. The company's inventory turnover ratio equals: 5 times. 10 times. 20 times. 30 times. [Last question is in the picture attached]