The following accounts and corresponding balances were drawn from Marinelli Company's Year 2 and Year 1 year-end balance sheets. Account Title Accounts receivable Interest receivable Other operating expenses payable Salaries payable The Year 2 income statement is shown next. Sales Salary expense Income Statement Other operating expenses Operating income Nonoperating items: Interest revenue Net income Required Year 2 $48,000 Year 1 $38,900 4,550 6,650 28,400 21,000 10,850 15,400 $755,000 (163,000) (266,000) 326,000 22,000 $348,000 a. Use the direct method to compute the amount of cash inflows from operating activities. b. Use the direct method to compute the amount of cash outflows from operating activities. a Cash inflows from operating activities b. Cash outflows from operating activities

Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income    $661,910Interest expense    116,810Average total assets    6,280,000Determine the return on total assets. If required, round the answer to one decimal place.fill in the blank 1 %

The following are the financial statement Kin Ltd. for the year ended 31 March 2020:   Kin Ltd. Income statement For the year ended 31 March 2020   $”M” Revenue 1276.50 Cost of sales (907.00)   369.50 Distribution costs (62.50) Administrative expenses (132.00)   175.00 Interest received   12.50 Interest paid  (37.50)   150.00 Tax (70.00) Profit after tax 80.00       Kin Ltd. Statement of financial position as at 31 March   2020 2019   $”M” $”M” ASSETS:     Non- current assets:     Property, plant and equipment 190 152.5 Intangible assets 125 100 Investments   12.5 Current assets:     Inventories 75 51 Receivables 195 157.5 Short-term investment 25   Cash in hand 1 0.5 Total assets 611 474 Equity and liabilities:     Equity:     Share capital      (10 million ordinary shares of $ 10 per value)  100 75 Share premium  80 75 Revolution reserve 50 45.5 Retained earnings 130 90 Non-current liabilities:…

Selected income statement data follow for Harper, Inc., for the year ended December 31 (in thousands). What is the company's times interest earned ratio? Operating income before interest Interest expense Operating income after interest Income tax Income after tax 35.6 30.6 11.2 24.4 6,617 189 6.428 1,607 4,821

Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Interest expense Income tax expense Total costs and expenses Net income Current Year $ 35,467 102,794 127,925 11,888 335,329 $ 613,403 For both the current year and one year ago, compute the following ratios: ه له مه له :. .: له The company's income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses $ 149,683 117,626 162,500 183,594 $ 613,403 $ 486,429 247,201 Current Year 13,556 10,367 Vanu $ 797,424 Earnings per share Additional information about the company follows. Common stock market price, December 31, Current Year Common stock market price, December 31, 1 Year Ago Annual cash dividends per share…

Do the calculations in excel, attach excel screenshots and explain the steps and formulas used for solving the problem. Following are the particulars available

The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Income Statement Sales Revenue $ 42,600 Expenses: 18,000 1,400 8,400 3,900 1,600 Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense 1,500 1,100 $ 6,700 Net Income Selected Balance Sheet Accounts Ending Beginning Balances Balances Accounts Receivable $ 565 $ 590 830 Inventory Accounts Payable Prepaid Rent Prepaid Insurance Salaries and Wages Payable Utilities Payable 690 425 470 27 21 26 30 68 44 22 16 Required: Prepare the cash flows from operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. DIRECT PRODUCTS COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31 Cash Flows from Operating Activities: Cash Receipts from Customers 42,625…

A company reports the following income statement and balance sheet information for the current year:Net income                   $ 410,000Interest expense              90,000Average total assets        5,000,000Determine the return on total assets. Round percentage to one decimal place.

Return on Total Assets A company reports the following income statement and balance. sheet information for the current year: Net income Interest expense Average total assets $471,500 83,200 6,450,000 Determine the return on total assets. If required, round the answer to one decimal place. %

Use the following Year 3 data: Other Selling and Administrative Expenses Other Expenses Sales Revenue Advertising and Promotion Expenses Salaries and Wages Expense Income Tax Expense Interest Expense. Required: Prepare the annual income statement for Kvass, Incorporated Revenues: KVASS, INCORPORATED Income Statement For the Year Ended December 31, Year 3 Total Revenues Expenses: $ 1,050,300 247,600 4,885,300 552,500 2,524,400 166,500 113,900