SURF'S UP SURF'S UP Selected Balance Sheet Data Selected Income Statement Data 2021 2020 2021 Total assets $727 $718 Sales revenue $795 Total liabilities 628 530 Interest expense 15 Total stockholders' equity 99 188 Тах еxpense 44 Net income 66
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Surf’s Up, a manufacturer of surfing supplies and training equipment, has the following selected data ($ in millions):
Based on these amounts, calculate the following ratios for 2021:
1. Debt to equity ratio.
2. Return on assets ratio.
3. Times interest earned ratio.
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- y Home Net income w.com/ilm/takeAssignment/takeAssignmentMain.do?invo... A Interest expense X CengageNOWv2 | Online teachin x + O 10 Fiscal Year 3 Fiscal Year 2 $146,200 $75,300 3,000 11,200 Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year) Fiscal Year 3 $3,398,445 1,220,347 Assume the apparel industry average return on total assets is 8.0%, and the average return on stockholders' equity is 15.0% for the year ended April 2, Year 3. a. Determine the return on total assets for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 Fiscal Year 2 b. Determine the return on stockholders' equity for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 Fiscal Year 2 c. The return on stockholders' equity is use of leverage. d. During fiscal Year 3, East Point's results were compared to the industry average. The return on total assets for East Point was than the industry average. The return on stockholders'…298 O Financial Accounting iktisat (İngil x E ALMS Sınav Uygulaması A uessinav.marmara.edu.tr/ExamUser/Take?examSessionldRef=05CB9166CE88AA620CF06FDDBB8627888enrollmentldRe Financial Accounting - Final Sınavı 15- XYZ Co its selected financial statements items are given as following. Total net sales equals to 500.000 TL, COGS equals to 300.000 TL, operating expenses equals to 100.000 TL, interest expenses equals to 50.000 TL, tax expenses 10.000 TL, total depreciation & amortization expenses equals to 50.000 TL. Calculate the EBITDA of the company for the year 2020. a) 190.000 TL b) 80.000 TL 110.000 TL 150.000 TL Boş bırak KOnceki 15/15 Sonraki> Kapat Sinavi BitirQuestion 2 The following are financial statements of AR Sdn Bhd. AR Sdn Bhd Income Statement for the year ended 31/12/2015 RM RM RM Sales 18600 R/Inward (440) Net Sales 18160 COGS Opening stock Purchase 3776 11556 -R/Owards (355) 11201 +carriage inwards 234 11435 15211 -Closing stock COGS (4998) (10213) GROSS PROFIT 7947 Other income Interest Received 862 8809 (-) Expenses Carriage O/ward Motor expenses 326 664 Discount allowed 526 Rent 576 Sundry expenses Salaries & wages 1208 2447 (5747) 3062 Net Profit □ ㅇ |l>
- Resul X HCS/X What X SAAM X 18851 HCS380 Week 4 Horizontal and Vertical Analysis ::- % 5 Cove X G how X Hosp X G beau x + DIRECTIONS: Using these data from Rollaird Company's comparative balance sheets, perform a horizontal analysis. Use Ch. 13, "Financial Analysis: The Big Picture," as guidance. Dec. 31, 2022 Dec. 31, 2021 Accounts Receivable 460,000 400,000 Inventory 780,000 650,000 Total Assets 3,164,000 2,800,000 NOTE: When entering your numbers, use whole numbers in the equation, and 1 decimal point for the answer, as seen in the example below. The text box will highlight red if incorrect after clicking the Submit button (bottom right corner). Example: 30000 ÷ 500000 = 6.0 % Inventory Bi F6 6 *4" & 7 F8 ** 8 F9 F10 ( 9 DOD F11 ) 0 = I % 54°F Mostly clear DA 888 Home End Insert = F12 10:05 5/23/CengageNOWv2 | Online teachin X * CengageNOWv2 | Online teachin x+ v.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inp Return on Total Assets A company reports the following income statement and balance sheet information for the current ye Net income $382,880 Interest expense 67,570 Average total assets 5,850,000 Determine the return on total assets. If required, round the answer to one decimal place. 6.5 X % Feedback Y Check My Work Divide the sum of net income and interest expense by average total assets. Check My Work All work saved. Email InstrSimple Accounting – Balance Sheet. Assets Liabilities Shareholders' Equity $567,005.00 $389,055.00 O a. $567,005.00 O b. $389,055.00 O c. $177,950.00 O d. $744,955.00
- HAlpULSdhx/wkRBg-SysLm-AeX919m2L5F4)xzbwovdD6BWUmolz5g/tormResponse?pli 1 Consider the following selected financial information for Green Woods Company. Green Woods Company Income Statement For the Year Ended December 31, 2020 Green Woods Company Balance Sheet For the Year Ended December 31, 2019 & 2020 2020 2019 ASsets Cash Accounts Receryabl- Invente Revenues $9.000 $230 $480 $$10 $590 Less: Depreciation expense $650 $960 $3.140 $2 150 K$1.520)(S870) $3.310 $980 Less: Other operating expenses 7100 Plant &Equipment Less Arcumalated Depreciation Tonal Assets Liabilinies & OE Less: Interest Expense 440 $3.340 Income before income taxes $810 voints Payal. acoms Tax Payable S870 S120| $550 S280 Income tax expense $270 00 Net income S510 $1.100 S1350 OUESlenovo Assignment 3A S1 202 X ownloads/ACCT1002%20Assignment%203A%20S1%202021-%202022%20(1).pdf lagiarism Checker... S https://www.citethi... e (1).pdf 1 Q 回|+%00L ACCT1002 Introduction to Financial Accounting E. Earned Net income $ (Please refer to table below and use only the info in line with your first name initial in the blank/underlined space) firstname Initial Net Income A, P, I, E, V C, O, R, Y K, Q, M, F S, W, G, Z 24 24 %$4 2,000,000.00 %$4 $4 1,400,000.00 1,450,000.00 1,500,000.00 N, B, J, X, H 24 F. Declared interim dividends for preferred shareholders as well as $.80 per share to common stockholders. Using the info above and as a guide: A. Prepare the journal entries with narrations to record the following: The issuances of stock. Close out net income to retained earnings. Dividend declared. Close out dividend to retained earnings. 10:25 AM 11/10/2021 10.162.156.242 FOWER 29232 USB TCPAP NO TX AX LNK TX AX LNK ACT LNK F5 F7 Print F4 F10 F11cdn.ctudent.se.amuasunetdba i AC T101 FEX 2021 2 Male If equity is 250,000SR and liabilities are 180,000SR then assets equal: 27-34 e1Bce33 70,000 400,000 95%018 b. 95abe18 C. 100,000 95abe18ce 33 d. 430,000 95abe18ce33 95a 95abe18ce33 95abe18ce33 95abe18ce33 95abe18ce33 F1 MacBook Pro F3 000 F4 F5 4 F6 50 F7 6 & DII **** F8 7 V F9 8 9 LL %23
- CengageNOWv2 | Online teachin x genow.com/ilrn/takeAssignment/takeAssignment Main.do?invoker=&takeAssignment Session Locator=&... <✩ G : Ratio of liabilities to stockholders' equity The following data were taken from Alvarado Company's balance sheet: Dec. 31, 20Y4 Dec. 31, 20Y3 Total liabilities $4,085,000 $2,880,000 Total stockholders' equity 4,300,000 3,600,000 a. Compute the ratio of liabilities to stockholders' equity for each year. Round your answers to 2 decimal places. < Dec. 31, 20Y4 Dec. 31, 20Y3 b. Has the creditor's risk increased or decreased from December 31, 20Y3, to December 31, 20Y4? Check My Work 4 more Check My Work uses remaining. Next* CengageNOW2 | Onlin x 2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false 人 еВook Show Me How Vertical Analysis of Balance Sheet Balance sheet data for Kwan Company on December 31, the end of two recent fiscal years, follow: Current Year Previous Year Current assets $288,750 $177,120 Property, plant, and equipment 498,750 452,640 Intangible assets 87,500 26,240 Current liabilities 175,000 85,280 Long-term liabilities 376,250 301,760 Common stock 78,750 72,160 Retained earnings 245,000 196,800 Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. If required, round percentages to one decimal place. Kwan Company Comparative Balance Sheet For the Years Ended December 31 Current Current Previous Previous year year year year Amount Percent Amount Percent Current assets…engageNOWv2 | Online teachin x * CengageNOWv2| Online teachir x+ com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. * G一 白 o A eBook Show Me How Horizontal Analysis The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous Year Accounts payable $30,879 $42,300 Long-term debt 94,046 79,700 Based on this information, what is the amount and percentage of increase or decrease that would be shown on a balance sheet with horizontal analysis? Enter all answers as positive numbers. Amount of Change Increase/Decrease Percentage % Accounts payable Long-term debt (Previous Next Check My Work 11:16 A 67°F Sunny A Ö E - 4 ) 12/3/20 delete horme 22 brt sc 211 49 HUT eck backspace 7\ [O