III MT217_Unit... Period Ending Total Sales ABC Company Income Statement 31-Dec-15 Cost of Goods Sold $485,651,000 365,086,000 31-Dec-14 $476,294,000 358,069,000 31-Dec-13 $475,210,000 350,400,000 Gross Profit 120,565,000 118,225,000 124,810,000 Selling Generall and Adminstrative 93,418,000 91,353,000 90,343,000 Operating Profit 27,147,000 26,872,000 34,467,000 Total Other Income/Expenses Net 113,000 119,000 115,000 Earnings before Interest and Taxes 27,034,000 26,753,000 34,352,000 Interest Expense 2,461,000 2,335,000 2,200,000 Income Before Tax 24,573,000 24,418,000 32,152,000 Income Tax Expense 7,985,000 8,105,000 9,800,000 Net Income from Continuing Ops 16,588,000 16,313,000 22,352,000 Discontinued Operations 285,000 Net Income (Net Profit) $16.303,000 144,000 $16,169,000 182,000 $22,170,000 14,000,000 Shares outstanding Market Share price per share $10.00 $9.00 $8.50 Q ABC Company Balance Sheet Period Ending 2015 2014 2013 Assets Current Liabilities Current Assets Accounts Payable 2015 58.583,000 2014 57,174,000 2013 56,210,000 Cash and Cash Equivalents Net Receivables Inventory Other Current Assets $9,135,000 6,778,000 45,141,000 2,224,000 Total Current Assets 63,278,000 Property Plant and Equipment 116,655,000 Goodwill Other Assets Total Assets 18,102,000 5,671,000 203,706,000 $7,281,000 6,677,000 44.858.000 2,369,000 61,185,000 117,907,000 19,510,000 6,149,000 204,751,000 $6,789,000 Other current Liabilities 6,525,000 Short-term Debt 6,689,000 89,000 12,082,000 55,000 14,050,000 43,989,000 Total Current Liabilities 65,272,000 69,345,000 70,315,000 2,199,000 Long-term Debt 43,692,000 44,559,000 45,324,000 59,502,000 120,300,000 17,900,000 4,500,000 202,202,000 Deferred Long-term Liability charges Monority Interest 8,805,000 8,017,000 13,553,000 4,543,000 5,084,000 6,875,000 Total Liabilities 122,312,000 127,005,000 136,067,000 Miscellaneous Stock Options Warrants 이 Common Stock 323,000 Retained Earnings 85,777,000 323,000 76,566,000 323,000 65,750,000 Captial Surplus 2,462,000 2,362,000 2,262,000 Other Stockholders Equity -7,168,000 -1,505,000 -2,200,000 Total Stockholders Equity 81,394,000 77,746,000 Total Liabilities & Stockholders Equity 203,706,000 # of Shares Outstanding 14,000,000 204,751,000 14,000,000 Market share price per share $10.00 $9.00 66,135,000 202,202,000 14,000,000 $8.50 Ratio Calculations Liquidity Ratios Current Ratio Quick Ratio Activity Ratios Inventory Turnover Accounts Recievables Turnover Total Asset Turnover Average Collection Period Financing Ratios Debt Ratio Debt-to-Equity Ratio Times Interest Earned Ratio Market Ratios Earnings per Share (EPS) Price Earnings (PE) Profitability Ratios Return on Equity (ROE) Return on Assets (ROA) Net Profit Margin Operating Profit Margin 2015 2014 2013 Formula Used (Write out formulas) Appendix A Technology 3-Year Average for Industry Averages Profitability Gross Margin 66.15% Operating Profit Margin 12.04% Net Profit Margin 6.01% Earnings per Share 1.49 Management Effectiveness Return on Equity 12.40% Return on Assets 5.61% Return on Investment 14.42 Quick Ratio 2.87 Current Ratio 2.57 Debt-to-Equity 61.01% Total Debt to Equity 57.08% Efficiency Total Asset Turnover 0.55 Inventory Turnover 44.98 Accounts Receivable Turnover 8.21

A B C D E Sales revenue $40,400 $75,400 $573,700 $34,800 $54,100 Cost of goods sold 19,200 50,500 273,600 19,400 30,500 Operating expenses 9,800 39,800 230,700 11,800 17,900 Total expenses 29,000 90,300 504,300 31,200 48,400 Operating profit (loss) $11,400 $(14,900) $69,400 $3,600 $5,700 Identifiable assets $34,500 $80,000 $501,100 $64,700 $50,400 Sales of segments B and C included intersegment sales of $20,000 and $101,000, respectively. (a) Determine which of the segments are reportable based on the: 1. Revenue test. 2 Operating profit (loss) test. 3. Identifiable assets test. Reportable Segment

Sales $ 150,000   $ 550,000   $ 38,700   $ 255,700 Sales discounts   5,000     17,500     600     4,800 Sales returns and allowances   20,000     6,000     5,100     900 Cost of goods sold   79,750     329,589     24,453     126,500         Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (Round your gross margin ratio to 1 decimal place; i.e.; 0.2367 should be entered as 23.7%.) Company columns from above. A. Carrier B. Lennox C. Trane D. York Net sales Gross profits Gross margin ratio

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Question 7 - HW 1 (Chapter 2) ezto.mheducation.com xtmap/index.html?_con=c ernal browser=081aunchUr=https253A232252E Saved Required information (The following information applies to the questions displayed below.] Alexandria Aluminum Company, a manufacturer of recyclable soda cans, had the following inventory balances at the beginning and end of 20x1. Inventory Classification Raw material Work in process Finished goods January 1, 20x1 $ 50,000 120,000 170,000 December 31, 20x1 $ 70,000 115,000 165,000 Durjng 20x1, the company purchased $250,000 of raw material and spent $400,000 on direct labor. Manufacturing overhead costs were as follows: Indirect material Indirect labor Depreciation on plant and equipment Utilities 12,000 26,000 100,000 26,000 30, 000 Other Sales revenue was $1,110,000 for the year. Selling and administrative expenses for the year amounted to $110.000, The firm's tax rate is 40 percent. 3. Prepare an income statement. Prisc Insert F8 F10 F11 F12 F9 24 & 4. 7 8. 10

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PROBLEM 23-10A IS MY QUESTION. POSTED 23-9A FOR REFERENCE FOR 23-10A.  Problem 23-9A: Zowine Company's condensed income statement for the year ended December 31, 20-2, was as follows: Net sales 765,000 Cost of goods sold 550,000 Gross profit 215,000 Operating expenses 30,000 Income before taxes 185,000 Income tax expense 65,000 Net income 120,000   Additional information obtained from Zowine's comparative balance sheets as of December 31, 20-2 and 20-1, was as follows:        20-2     20-1 Cash $60,000 $ 20,000 Accounts receivable 70,000 100,000 Merchandise inventory 80,000 125,000 Accounts payable 55,000 90,000 Required Prepare a partial statement of cash flows reporting cash provided by operating activities for the year ended December 31, 20-2. (NO ANSWER IS NEEDED FOR THIS... REFER TO BELOW)   Refer to Problem 23-9A (above). The following additional information was obtained from Zowine's financial statements and auxiliary records for…

Sales revenue Variable cost of goods sold Fixed cost of goods sold Gross profit Variable operating expenses Fixed operating expenses Common fixed costs Operating income (a) $1,360,000 Q Search Baseball V V 919,000 V 123,800 317,200 183,800 85,200 65,000 ($16,800) Soccer $3,900,000 2,535,000 $ 202,200 $ 1,162,800 624,000 91,000 139,000 Basketball $2,560,000 2,065,600 178,000 316,400 Baseball 256,000 78,900 104,900 $308,800 ($123,400) Doug is concerned that two of the company's divisions are showing a loss, and he wonders if the company should stop selling baseball and basketball gear to concentrate solely on soccer gear. Prepare a segment margin income statement. Fixed cost of goods sold and fixed operating expenses can be traced to each division (If the amount is negative then enter with a negative sign preceding the number, e.g.-5.125 or parenthesis, eg (5,125)) C $ Total $7,820,000 5,519,600 $ 504,000 F 1,796,400 1,063,800 255,100 308,900 $168,600 Soccer $ B:

Answer in subparts: A. 0.57895 or 11:19 B. 0.90476 or 19:21 C. 0.3258 Note: Please answer d, e and f only.