SONAD COMPANY Income Statement For Year Ended December 31 Sales $ 2,123,000 Cost of goods sold 1,040,270 Gross profit 1,082,730 Operating expenses Salaries expense $ 290,851 Depreciation expense 50,952 Rent expense 57,321 Amortization expenses—Patents 6,369 Utilities expense 23,353 428,846 653,884 Gain on sale of equipment 8,492 Net income $ 662,376 Accounts receivable $ 27,750 increase Accounts payable $ 15,725 decrease Inventory 24,000 increase Salaries payable 5,050 decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)

ElectrohicS Tannenhill Industry Company Average Sales $1,510,000 100 % Cost of goods sold 921,100 67 Gross profit $588,900 33 % Selling expenses $362,400 19 % Administrative expenses 135,900 8. Total operating expenses $498,300 27 % Operating income $90,600 6 % Other revenue 30,200 2 $120,800 8 % Other expense 15,100 1 Income before income tax $105,700 7 % Income tax expense 45,300 5 Net income $60,400 2 % a. Prepare a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. If required, round percentages to one decimal place. Enter all amounts as positive numbers. Tannenhill Company Common-Sized Income Statement For the Year Ended December 31 Tannenhill Tannenhill Electronics Company Company Industry Amount Percent Average Sales $1,510,000 % 100.0% Cost of goods sold 921,100 % 67% Gross profit $588,900 % 33% Selling expenses $362,400 % 19% Administrative expenses 135,900 % 8% Total operating expenses $498,300 % 27% Income from…

QUESTION: JESTER CORPORATIONS'S MOST RECENT INCOME STATEMENT APPEARS BELOW: SALES (ALL ON ACCOUNT) $610,000 COST OF GOODS SOLD $340,000 GROSS MARGIN $270,000 SELLING AND ADMINISTRATIVE $160,000 EXPENSE NET OPERATING INCOME $110,000 INTEREST EXPENSE $20,000 NET INCOME BEFORE TAXES $90,000 INCOME TAXES (30%) $27,000 NET INCOME $63,000 THE BEGINNING BALANCE OF TOTAL ASSETS WAS $360,000 AND THE ENDING BALANCE WAS $320,000. WHAT IS THE PERCENTAGE OF RETURN ON TOTAL ASSETS?

Cochran corporation, Inc. has the following income statement: Cochran corporation, Inc.  Income statement For the year ended December 31, 2021 net sales                       $240 Cost of goods sold      $150 gross profit                    $90 Operating expenses      $65 Net income                      $25   Using vertical analysis, what percentage is assigned to operating expenses? a. 27,1% b. 43.3% c. 72.2% d. 260.0%

ABC Manufacturing Inc.           Income Statement           Year Ended December 31, 20X4           Sale       $ 200,000 Cost of goods sold       $ 120,000 Gross Profit       $ 80,000 Operating Expenses $ 40,000       Loss on Sale of equipment $ 2,000   $ 42,000 Profit from Operations       $ 38,000 Other expenses           Interest Expense       $ 2,000 Profit before Income Tax       $ 36,000 Income Tax Expense       $ 8,000   ABC Manufacturing Inc. comparative balance sheet at December 31             20X4 20X3       Cash $ 4,500   $ 4,300 Accounts Receivable $ 72,000   $ 6,500 Inventory $ 110,000   $ 140,000 Prepaid Expenses $ 1,550   $ 1,020 Equipment $ 98,000   $ 100,000 Accumulated Depreciation - equipment $ (50,000 ) $ (42,000 Total Assets $ 236,050   $ 209,820             Account Payable $ 15,330   $ 9,900 Interest Payable $ 510   $ 10 Income taxes payable $ 10,800   $ 9,500 Dividends Payable $ 1,800   $ 3,800 Long-term…

Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 1   20Y2 20Y1 2 Sales $10,850,000.00 $10,000,000.00 3 Cost of goods sold 6,000,000.00 5,450,000.00 4 Gross profit $4,850,000.00 $4,550,000.00 5 Selling expenses $2,170,000.00 $2,000,000.00 6 Administrative expenses 1,627,500.00 1,500,000.00 7 Total operating expenses $3,797,500.00 $3,500,000.00 8 Income from operations $1,052,500.00 $1,050,000.00 9 Other revenue 99,500.00 20,000.00 10   $1,152,000.00 $1,070,000.00 11 Other expense (interest) 132,000.00 120,000.00 12 Income before income tax $1,020,000.00 $950,000.00 13 Income tax expense 420,000.00 400,000.00 14 Net income $600,000.00 $550,000.00         Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 1   20Y2 20Y1 2 Assets…

Seaforce Manufacturing Inc. Income Statement Year Ended December 31, 20X5 Sale     $ 340,000 Cost of goods sold     $ 250,100 Gross Profit     $ 89,900 Operating Expenses $ 55,000     Loss on Sale of equipment $ 2,500 $ 57,500 Profit from Operations     $ 32,400 Other expenses         Interest Expense     $ 3,500 Profit before Income Tax     $ 28,900 Income Tax Expense     $ 12,000 Profit     $ 16,900   Additional Information: Operating expenses include depreciation expense of $10,000 Accounts Payable related to the purchase of inventory Equipment that cost $12,500 was sold at a loss of $2,500 New equipment was purchased during the year for $8,500 Dividends declared and paid in 20X5 totaled $3,000 Common shares were sold for $12,000 cash Interest payable in 20X5 was $800 greater than interest payable in 20X4 The company uses IFRS and do not treat dividends as part of operations Seaforce Manufacturing Inc. comparative balance sheet at December 31 20X5…

The income statement for Rhino Company for the current year ended June 30 is as follows:   1 Sales   $450,000.00 2 Cost of merchandise sold   151,700.00 3 Gross profit   $298,300.00 4 Operating expenses:     5 Depreciation expense $37,780.00   6 Other operating expenses 115,450.00   7 Total operating expenses   153,230.00 8 Income before income tax   $145,070.00 9 Income tax expense   39,310.00 10 Net income   $105,760.00       The balances of selected accounts at the beginning and the end of the current year are as follows:   End Beginning of Year of Year Accounts receivable (net) $36,230 $31,850 Inventories 93,760 81,240 Prepaid expenses 14,670 15,660 Accounts payable (merchandise creditors) 67,950 63,470 Accrued expenses payable (operating expenses) 19,130 20,560 Income tax payable 4,390 4,390   Prepare the Cash Flows from Operating…

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.

Income statement                   net sales  $51,407.00       cost of products sold $25,076.00       gross profit $26,331.00       marketing, research, administrative exp $15,746.00       Depreciation $758.00       operating income(loss) $9,827.00       Interest expense $477.00       Earnings (loss)before income taxes $9,350.00       Income taxes  $2,869.00       Net earnings(loss) $6,481.00                           Balance Sheet                   Assets:     Liablilites and Equity:   cash and marketable securities $5,469.00   accounts payable $3,617.00 investment securities $423.00   accrued  and other liablilties $7,689.00 accounts receivable $4,062.00   taxes payable $2,554.00 inventory $4,400.00   debt due within one year $8,287.00 deffered income taxes $958.00   total current liabilite $22,147.00 prepaid expense and other receivables $1,803.00   long term debt $12,554.00 total current assets  $17,115.00   deferrred income taxes…