Income Statement (Extract) for the year ended 31 March   2018 2019   £ £ Sales 3,000,000 5,400,000 Less: Cost of Sales 2,400,000 4,320,000 Gross Profit 600,000 1,080,000 Less: Expenses 360,000 500,000 Operating Profit 240,000 580,000   Statement of Financial Position (Extract) as at 31 March   2018 2019   £ £ Non- Current Assets 364,000 512,000 Current Assets     Inventory 480,000 1,440,000 Trade Receivables 396,000 812,000 Total Assets £1,240,000 £2,764,000 Capital & Reserves     Ordinary Share Capital 140,000 240,000 Reserves 260,000 560,000 Non-Current Liabilities 440,000 500,000 Trade Payables 320,000 724,000 Bank Overdraft 80,000 740,000 Total Equity and Liabilities £1,240,000 £2,764,000   Calculate :  Trade Receivable Days  Trade Payable Days Non-current assets turnover

Calculate Return on Assets for 2021 using the following information: Net Income Net Sales Total Assets 53% 64% 20% 24% 2020 $2,500,000 $5,000,000 $10,000,000 2021 $3,000,000 $8,000,000 $15,000,000

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provide reasons for the attached calculated ratios using GSK 2023 annual report and provide non-financail performance analysis examples for GSK 2023.

Compute NET Profit margin ratio

Forecast an Income Statement Following is the income statement for Medtronic PLC. Consolidated Statement of Income ($ millions) For Fiscal Year Ended April 26, 2019 Net sales $27,807 Costs and expenses   Cost of products sold 8,331 Research and development expense 2,330 Selling, general, and administrative expense 9,480 Amortization of intangible assets 1,605 Restructuring charges, net 198 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 5,439 Other nonoperating income, net (373) Interest expense 1,314 Income before income taxes 4,498 Income tax provision 547 Net income 3,951 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $3,932   Use the following assumptions to prepare a forecast of the company’s income statement for FY2020.   Note: Complete the entire question in Excel using the following template: Excel Template. Format each answer to two decimal…

PERFORM A LIQUIDITY AND PROFITABILITY ANALYSIS ON THE FOLLOWING COMPANY UTILIZING THE FOLLOWING RATIOS: ASSET TURNOVER RETURN ON ASSESTS RETURN ON EQUITY   statement of operations 12 Months Ended Jul. 31, 2020 Jul. 31, 2019 Revenues:     Revenues  $ 1,497,826,000  $ 1,684,392,000 Costs and expenses:     Operating expense - personnel, vehicle, plant and other 493,055,000 468,868,000 Operating expense - equipment lease expense 33,017,000   Equipment lease expense, preadoption   33,073,000 Depreciation and amortization expense 80,481,000 78,846,000 General and administrative expense 45,752,000 59,994,000 Non-cash employee stock ownership plan compensation charge 2,871,000 5,693,000 Asset impairments 0 0 Loss on asset sales and disposals 7,924,000 10,968,000 Operating income 148,670,000 113,028,000 Interest expense (192,962,000) (177,619,000) Loss on extinguishment of debt (37,399,000)   Other income (expense), net (460,000) 369,000 Loss before income…

Problem: Remesh Corporation prepared the following income statement and statement of retained earnings for the year ended December 31, 2021. Remesh Corporation December 31, 2021 Expense and Profit Statement Dollars in thousands   Sales (net)   $206,000 Less: Selling Expenses   (20,600) Net Sales   $185,400 Add: Interest Revenue   2,400 Add: Gain on sale of equipment   3,600 Gross Sales Revenue   $191,400 Less: Cost of operations:     Cost of Goods Sold $126,100   Correction of overstatement in last years income because of error $5,500 (net of tax credit) $3850   Dividend cost ($0.50 per share for 8k common shares) $4000   Unusual loss due to a hurricane, $6,400 (net of tax credit) $1,920 ($135,870) Taxable Revenues   $55,530 Less: Income tax on income from continuing operations   $16,659 Net income   $38871 Miscellaneous Deductions     Loss from operations of…

LOGIC COMPANYComparative Income StatementFor Years Ended December 31, 2019 and 2020   2020 2019 Gross sales $ 19,000 $ 15,000 Sales returns and allowances   1,000   100 Net sales $ 18,000 $ 14,900 Cost of merchandise (goods) sold   12,000   9,000 Gross profit $ 6,000 $ 5,900 Operating expenses:         Depreciation $ 700 $ 600 Selling and administrative   2,200   2,000 Research   550   500 Miscellaneous   360   300 Total operating expenses $ 3,810 $ 3,400 Income before interest and taxes $ 2,190 $ 2,500 Interest expense   560   500 Income before taxes $ 1,630 $ 2,000 Provision for taxes   640   800 Net income $ 990 $ 1,200     LOGIC COMPANYComparative Balance SheetDecember 31, 2019 and 2020   2020 2019 Assets         Current assets:         Cash $ 12,000 $ 9,000 Accounts receivable   16,500   12,500 Merchandise inventory   8,500   14,000 Prepaid expenses   24,000   10,000 Total current assets $ 61,000 $ 45,500 Plant and…

The most recent financial statements for Crosby, Incorporated, appear below. Sales for 2022 are projected to grow by 20 percent. Interest expense will remain constant, the tax rate and the dividend payout rate also will remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales. Sales Costs Other expenses Earnings before interest and taxes Interest expense Taxable income Taxes (24%) CROSBY, INCORPORATED 2021 Income Statement Net income Dividends Addition to retained earnings Current assets Cash Accounts receivable Inventory $31,335 69,745 $ 20,640 43,580 91,960 $747,000 582,000 18,000 FA $147,000 14,000 $ 133,000 31,920 $ 101,080 CROSBY, INCORPORATED Balance Sheet as of December 31, 2021 Assets Seved Liabilities and Owners' Equity Current liabilities Accounts payable Notes payable Total $ 54,800 14,000 $ 68,800 MA000