Titan Football Manufacturing had the following operating results for 2014: Sales $19,800 Cost of goods sold $13,960 Depreciation expense $2,350 Interest expense Dividends paid $335 $570. At the beginning of the year, net fixed assets were $14,800, current assets were $2,960, and current liabilities were $2,050. At the end of the year, net fixed assets were $17,540, current assets were $3,320, and current liabilities were $2,140. The tax rate for 2014 was 30%. A. What is the net income for 2014. B. What is the operating cash flow during 2014.

Crane Manufacturing Ltd's sales for the year ended December 31, 2022 are $1.24 million. The expenses for 2022 are as follows: Cost of goods sold Selling expenses Variable Fixed $416,000 $234.000 34,320 46,800 72,800 Administrative expenses 36,320 Prepare a detailed CVP income statement for the year ended December 31, 2022. Crane Manufacturing Ltd. CVP Income Statement

Blossom Manufacturing Ltd.'s sales for the year ended December 31, 2022 are $1.00 million. The expenses for 2022 are as follows: Cost of goods sold Selling expenses Administrative expenses Variable $320,000 56,000 27,920 Fixed $180,000 26,400 36,000 Prepare a detailed CVP income statement for the year ended December 31, 2022. Blossom Manufacturing Ltd. CVP Income Statement $ $

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Pollux Company had the following income statement for last year Sales-$360,000 Less: Cost of goods sold-$195,000 Gross margin-$165,000 Less: Selling & administration expense-$78,600 Operating income- $86,400 Beginning assets were $565,000 and ending assets were $597, 000. Carry computations out to three decimals places A. What are average operating assets? B. what is margin? C. what is turnover? D. What is ROI?

Calculating the Average Total Assets and the Return on Assets The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as follows: Santiago Systems Income Statement For the Year Ended December 31, 20X2 Amount Percent Net sales $5,345,000 100.0% Less: Cost of goods sold (3,474,250) 65.0 Gross margin $1,870,750 35.0 Less: Operating expenses (1,140,300) 21.3 Operating income $730,450 13.7 Less: Interest expense (27,000) 0.5 Income before taxes Less: Income taxes (40%)* $703,450 13.2 (281,380) 5.3 Net income $422,070 7.9 * Includes both state and federal taxes.

Sheridan Corporation had sales of $3007000 and operating income of $511137. Sheridan also had $914000 of assets on January 1 and $807000 on December 31. What is the corporation's ROI for the year? O 59.4% O 26.8% O 34.9% O 58.8%

Selected information about income statement accounts for the Reed Company is presented below (the company's fiscal year ends on December 31):      2018   2017 Sales $ 4,550,000 $ 3,650,000 Cost of goods sold   2,890,000   2,030,000 Administrative expenses   830,000   705,000 Selling expenses   390,000   342,000 Interest revenue   153,000   143,000 Interest expense   206,000   206,000 Loss on sale of assets of discontinued component   62,000   —    On July 1, 2018, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by GAAP. The assets of the component were sold on September 30, 2018, for $62,000 less than their book value. Results of operations for the component (included in the above account balances) were as follows:    1/1/18-9/30/18   2017   Sales   $ 430,000       $ 530,000   Cost of goods sold     (305,000 )       (338,000 ) Administrative expenses     (53,000 )       (43,000 ) Selling…

The balance sheet of ATLF, Inc. reports total assets of $1,950,000 and $2,050,000 at the beginning and end of the year, respectively. Net income and sales for the year are $150,000 and $1,000,000, respectively. What is ATLF's profit margin? Select one: a. 10% Ob. 8% O c. 7.5% O d. 15% e. 12%

e. The average sale period. (The inventory at the beginning of last year totaled$1,920,000.) f. The operating cycle. g. The total asset turnover. (The total assets at the beginning of last year totaled$12,960,000.)