Swiss Group reports a net income of $37,000 for 2018. At the beginning of 2018, Swiss Group had $147,000 in assets. By the end of 2018, assets had grown to $197,000. What is Swiss Group's 2018 return on assets?
Q: Soap Shop, an e-tailer, had its vendor website shut down for three days due to a denial of service…
A: Consider a scenario where you have a store online where you sell soap and lotion. This store relies…
Q: Journal entriesSummer Shade installs awnings on residential and commercial structures. The company…
A: Step 1:Journal entries are used to record transaction in chronological order under double entry…
Q: Problem Set 1The Carisole Company is involved in the manufacturing and sale of its unique…
A: Step 1: Calculate Unit Sales Formula: Unit Sales = Total Sales Revenue / Selling Price per…
Q: 1. Compute equivalent units in the mixing department, for each cost category? 2. Summarize total…
A: Caricolor Limited Mixing Department Costing Analysis Equivalent Units Calculation To compute the…
Q: Haas Company manufactures and sells one product. The following information pertains to each of the…
A: Req 1: To get the break-even point in unit sales, we will use the following formula: BEP in unit…
Q: How much overhead.. accounting
A: Step 1:- Define Manufacturing OverheadSince manufacturing overhead costs are not directly incurred…
Q: unc
A: Step 1:It is mentioned in the question one unit requires 0.65 direct labor hour. So, 2 units must…
Q: Answer Please
A: Question 1: Jac Solutions Inc. (Straight-Line Depreciation)Cost of equipment =$50,000Residual value…
Q: If you give me wrong answer I will give you unhelpful rate
A: Step 1: Define Capital RecoveryCapital recovery is the difference between an asset's acquisition…
Q: Financial Accounting
A: Step 1: Define Convertible BondA convertible bond allows the bondholder to exchange a bond for…
Q: Provide correct answer the general accounting
A: Step 1: Define Cost-Volume-Profit (CVP) AnalysisThe cost-volume-profit (CVP) analysis is usually…
Q: Hinsky Company was subject to the Alaska state unemployment tax of 4.2%. The company's taxable wages…
A: Here's a detailed explanation for better understanding. a. SUTA tax that Hinsky Company would pay to…
Q: Financial Accounting Problem 5.2
A: To compute: Price Earnings Ratio = Price per share / Earnings per share Price Earnings Ratio = $50 /…
Q: Help
A: Approach to solving the question:Tech Innovators IncCOST OF GOODS SOLD = Opening…
Q: 6) To best measure the liquidity of a business: A) calculate the leverage ratio B) calculate the…
A: Option a: This option is incorrect because the leverage ratio is the financial ratio that helps to…
Q: Phoenix Incorporated, a cellular communication company, has multiple business units, organized as…
A: 3. In determining the range of the transfer price, we need to find the minimum transfer price for…
Q: Need help.
A: Step 1:- Define Cost AllocationCost allocation is a means of delivering assistance to the cost…
Q: ??
A: Tech Innovators Inc.Cost of Goods Available for Sale (COGAS):COGAS=Beginning…
Q: Give me all options solution which option is correct and which option is incorrect with response.
A: 1. "Public and private Canadian corporations are eligible for the small business…
Q: Accounting Elite brands company uses standard costs for its manufacturing division..
A: Step 1:- Define Variable OverheadThe manufacturing expenses are known as variable overhead and move…
Q: A company has total liabilities of $300,000 and total equity of $450,000. What is the debt-to-equity…
A: Explanation of Total Liabilities:Total liabilities represent the total amount of debt or obligations…
Q: Eps
A: Explanation of Net Income:Net income is the total profit a company makes after subtracting all…
Q: General accounting. Solve this question
A: Step 1:Calculating the Present Value of Tax Shield from Debt…
Q: HD
A: a.Percentage of sales % = Amount or balance/Sales Sales Territory Total CompanyNorthernSouthern…
Q: Solve this accounting problem
A: Step 1: Define Monthly compoundingMonthly compounding refers to the mode of compounding in which the…
Q: Step by step Answer
A: Explanation of Net Income:Net Income is the profit a company earns after all expenses, taxes, and…
Q: The Absolute Zero co. Just issued a dividend of $3.20 per share on its common stock.
A:
Q: Hello tutor Please provide Solutions get answer
A: Step 1:- Define AssetsThe term used to describe the resources of an organization is "assets." Assets…
Q: A firm's balance sheet has the following data:
A: Step 1: Define Acid-test RatioThe acid test ratio measures the ability of the company to pay the…
Q: bvf
A: a.Double-Declining Balance Double-Declining rate = 2/Useful life Double-Declining rate = 2/4 = 50%…
Q: Marigold Company's record of transactions for the month of April was as follows. Purchases Sales…
A: Step 1: Organize PurchasesWe need to organize the purchases and their respective units and…
Q: Entries for selected corporate transactions Nav-Go Enterprises Inc. produces aeronautical navigation…
A: To understand the completion of stockholders' equity accounts based on the provided transactions, we…
Q: Problem Set 2Caricolor Limited operates a paint manufacturing plant, housing two distinct…
A: 1. Compute Equivalent Units in the Mixing DepartmentEquivalent Units Calculation:- Units Completed…
Q: General Accounting
A: Step 1: Define Stock ReturnsWhen a stock's return is expressed in dollars, it is called a dollar…
Q: None
A: Approach to solving the question: Analyze the question. Detailed explanation:Working capital…
Q: Provide correct answer for this accounting question
A: First, recall the formula for operating ROA:Operating ROA = (Net Income + Interest Expense × (1 -…
Q: January February March Cash Receipts Cash payments $ 515,000 402,000 468,000 $ 456,300 343,300…
A: Detailed explanation: JanuaryFebruaryMarchBeginning Cash Balance50,000 50,000 65,977add Cash…
Q: The historical cost principle requires that assets be reported at their: a) Market value b)…
A: Explanation of Market Value:Market value refers to the current price at which an asset can be bought…
Q: If a company has average accounts receivable of $60,000 and annual sales of $720,000, what is the…
A: Explanation of Accounts Receivable:Accounts receivable refers to the money owed to a company by its…
Q: Financial Accounting Problem 5.8
A: Explanation of Stock Price:Stock price refers to the current trading price of a single share of a…
Q: Ans
A: Explanation of Beginning Inventory:Beginning inventory refers to the value of goods a company has in…
Q: Solve this accounting problem
A: Step 1: Define Cost AccountingCost accounting is a major field of accounting. Cost accounting helps…
Q: Oriole Company has five employees participating in its defined benefit pension plan. Expected years…
A: Step 1:Calculation of the service years:YearsWilliamRichardElizabethTomMariaTotal service…
Q: Solve this general accounting question
A: Step 1: Define Objective of Capital BudgetingThe main objective of applying various capital…
Q: Question: Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct…
A: Explanation of Contribution Margin:Contribution margin represents the amount by which the selling…
Q: If a company's stock is trading at $50 per share and its earnings per share are $5, what is the…
A: The price-earnings (P/E) ratio is a financial metric that compares a company's stock price to its…
Q: Green Valley Company prepared the following trial balance at the end of its first year of operations…
A: Adjusting EntriesNoTransactionGeneral JournalDebitCredit1aInsurance expense13 Prepaid…
Q: Provide correct answer
A: Step 1: Define DepreciationCapital assets are not charged to the income statement in the year of…
Q: Sperberg corporation's operating leverage
A: Step 1: Percentage Change in Net Operating Income can be calculated using the formula of Operating…
Q: Management of Blossom Home Furnishings is considering acquiring a new machine that can create…
A: MIRR is the modified internal rate of return and measure of capital budgeting to evaluate the…
What is Swiss Group's 2018 return on assets?
Step by step
Solved in 2 steps
- Pretty Co.'s total liabilities and equity amounted to $285,000 for year 2018. The financial statement for 2019 showed total assets of $542,000. How much is the percentage of increase for the total assets?Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $ 1,800.0 $ 1,500.0 Operating costs excluding depreciation and amortization 1,395.0 1,275.0 EBITDA $ 405.0 $ 225.0 Depreciation and amortization 43.0 39.0 Earnings before interest and taxes (EBIT) $ 362.0 $ 186.0 Interest 40.0 33.0 Earnings before taxes (EBT) $ 322.0 $ 153.0 Taxes (40%) 128.8 61.2 Net income $ 193.2 $ 91.8 Common dividends $ 174.0 $ 73.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash and equivalents $ 23.0 $ 18.0 Accounts receivable 248.0 225.0 Inventories 396.0 360.0 Total current assets $ 667.0 $ 603.0 Net plant and equipment 429.0 390.0 Total assets $ 1,096.0 $ 993.0 Liabilities and Equity Accounts…Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 2017 Sales $ 3,900.0 $ 3,000.0 Operating costs excluding depreciation and amortization 2,925.0 2,550.0 EBITDA $ 975.0 $ 450.0 Depreciation and amortization 90.0 69.0 Earnings before interest and taxes (EBIT) $ 885.0 $ 381.0 Interest 86.0 66.0 Earnings before taxes (EBT) $ 799.0 $ 315.0 Taxes (40%) 319.6 126.0 Net income $ 479.4 $ 189.0 Common dividends $ 431.0 $ 151.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 2017 Assets Cash and equivalents $ 38.0 $ 30.0 Accounts receivable 432.0 360.0 Inventories 819.0 630.0 Total current assets $ 1,289.0 $ 1,020.0 Net plant and equipment 897.0 690.0 Total assets $ 2,186.0 $ 1,710.0 Liabilities and Equity…
- Čardinal Industries had the following operating results for 2018: Sales = $34,621; Cost of goods sold Dividends paid = $2,023. At the beginning of the year, net fixed assets were $19,970, current assets were $7,075, and current liabilities were $4,01O. At the end of the year, net fixed assets were $24,529, current assets were $8,702, and current liabilities were $4,700. The tax rate for 2018 was 25 percent. $24,359; Depreciation expense = $6,027; Interest expense $2,725; %3D a. What is net income for 2018? (Do not round intermediate calculations.) b. What is the operating cash flow for 2018? (Do not round intermediate calculations.) c. What is the cash flow from assets for 2018? (Do not round intermediate calculations. A negative answer should be indicated by a minus sign.) d- If no new debt was issued during the year, what is the cash flow to creditors? (Do not 1. round intermediate calculations.) d- If no new debt was issued during the year, what is the cash flow to stockholders? (Do…Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation: Income Statements for Year Ending December 31 (Millions of Dollars) 2018 Sales $ 1,625.0 $ 2017 1,300.0 Operating costs excluding depreciation and amortization 1,300.0 1,105.0 EBITDA $ 325.0 $ 195.0 Depreciation and amortization 39.0 31.0 Earnings before interest and taxes (EBIT) $ 286.0 $ 164.0 Interest 36.0 29.0 Earnings before taxes (EBT) $ 250.0 $ 135.0 Taxes (40%) 100.0 54.0 Net income $ 150.0 $ 81.0 Common dividends $ 135.0 $ 65.0 Powell Panther Corporation: Balance Sheets as of December 31 (Millions of Dollars) 2018 Assets Cash and equivalents $ 23.0 $ 2017 18.0 Accounts receivable 164.0 143.0 Inventories 343.0 312.0 Total current assets $ 530.0 $ 473.0 Net plant and equipment 390.0 312.0 Total assets $ 920.0 $ 785.0 Liabilities and Equity…Financial Accounting
- The comparative statement of financial position for Cullumber Corporation shows the following noncash current asset and liability accounts at March 31: 2018 2017 Accounts receivable $61,000 $43,000 Inventory 70,000 64,000 Accounts payable 35,000 43,000 Dividends payable 1,400 2,300 Cullumber’s income statement reported the following selected information for the year ended March 31, 2018: net income was $280,000, depreciation expense was $60,000, and a loss on the disposal of land was $18,000. Cullumber uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) CULLUMBER CORPORATIONStatement of Cash Flows (Partial)-Indirect Method Operating activities…Computing rate of return on total assets Barot’s 2018 financial statements reported the following items—with 2017 figures given for comparison: Net income for 2018 was $3,910, and interest expense was $240. Compute Barot’s rate of return on total assets for 2018. (Round to the nearest percent.)The current sections of Bridgeport Corp.'s balance sheets at December 31, 2016 and 2017, are presented here. Bridgeport Corp.'s net income for 2017 was $153,459. Depreciation expense was $27,081. 2017 2016 Current assets Cash $105,315 $ 99,297 Accounts receivable 80,240 89,267 Inventory 168,504 172,516 Prepaid expenses 27,081 22,066 Total current assets $381,140 $383,146 Current liabilities Accrued expenses payable $ 15,045 $ 5,015 Accounts payable 85,255 92,276 Total current liabilities $100,300 $ 97,291 ember 31, 2017, using Prepare the net cash provided (used) by operating activities section of the company's statement (15,000).) cash flows or the year ende indirect ethod. (Show am that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. Bridgeport Corp. Partial Statement of Cash Flows $ Adjustments to reconcile net income to $ $1
- An abbreviated set of financial statements for Caraba's Company for 2020 and 2019 is shown below: Caraba's Company Income Statement For the Year Ended December 31, 2020 Sales $553,000 Investment income 26,000 Gain on sale of investments 3,500 $582,500 Less: Selling & administrative expenses $221,600 Depreciation expense 15,000 Interest expense 3,900 Income taxes expense 6,500 247,000 Net Income $335,500 Comparative Balance Sheets December31 2020 2019 Cash $209,000 $49,900 Accounts receivable 160,300 63,700 InvestmentS 117,000 126,100 Equipment (net) 146,200 80,400 Land 312,000 276,300 T-kal ^sssts E044 500During 2019, the company reported net income of $4,212 million, interest expense of $167 million and income tax expense of $1,372 million. During 2018? Based on this information, what is the time interests earned ratio? A. 34.4 B. 34.1 C. 32.2 D. 28.4The current sections of Oriole Inc.'s balance sheets at December 31, 2021 and 2022, are presented here. Oriole's net income for 2022 was $152,400. Depreciation expense was $26,900. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2022 $104,800 81,500 169,000 26,900 $382,200 $14,500 84,400 $98,900 2021 Adjustments to reconcile net income to $96,200 89,200 172,200 22,400 V $380,000 $9,800 95.900 Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) $105,700 ORIOLE INC. Partial Statement of Cash Flows $ O
