Use the following data: Nov. 30, 2011 Nov. 30, 2012 Nov. 30, 2013 Sales $3,500,000 $4,000,000 $4,400,000 COGS $2,100,000 $2,400,000 $2,685,000 Inventory $650,000 $700,000 $600,000 Calculate the Gross Profit Ratio for 2012?
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- Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Current Year $ 802,213 393,339 Prior Year $ 453,350 134,505 Cost of goods sold QS 13-7 (Algo) Trend percents LO P1 Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Current Year: Prior Year: Numerator: Trend Percent for Net Sales: 1 1 1 Denominator: = = = Trend Percent 0% 0 %Refer to the following mentioned data. Net sales Cost of products sold Gross margin (In millions) 2017 2016 $34,954 $30, 040 14,274 13, 395 $20, 680 $16, 645 2017 2016 2015 Required: a. Calculate the gross profit ratio for each of the past three years. (Round your answers to 2 decimal places.) 2015 $26, 091 13, 655 $12, 436 59.16 % 55.41 % 47.66 %Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of goods sold 660.0 Gross profit 135.0 Selling expenses 73.5 EBITDA 61.5 Depreciation expenses 12.0 Earnings before interest and taxes (EBIT) 49.5 Interest expenses 4.5 Earnings before taxes (EBT) 45.0 Taxes (40%) 18.0 Net income 27.0 a. Calculate the ratios you think would be useful in this analysis. b. Construct a DuPont equation, and compare the companys ratios to the industry average ratios. c. Do the balance-sheet accounts or the income statement figures seem to be primarily responsible for the low profits? d. Which specific accounts seem to be most out of line relative to other firms in the industry? e. If the firm had a pronounced seasonal sales pattern or if it grew rapidly during the year, how might that affect the validity of your ratio analysis? How might you correct for such potential problems?
- ! Required information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Current Year $ 803,470 394,775 Prior Year $ 455,095 135,878 Cost of goods sold QS 17-7 (Algo) Trend percents LO P1 Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Current Year: Prior Year: Numerator: Trend Percent for Net Sales: 1 1 1 1 Denominator: = = = Trend Percent 0 % 0 %I need perfect answer otherwise I will give downvotesDescribe how to develop a pro forma income statement .
- Subject:The following partial income statement data pertains to Tatum Toy Company's recent year completed and its forecast for the coming year (in millions): Recent $875.00 Sales Operating costs EBIT Interest expense EBT What was the expected percentage change in sales? a. 20% b. 16% c. -20% d. 55% e. 83% 625.00 $250.00 50.00 $200.00 Projected $1,050.00 682.50 $367.50 50.00 $317.50please explain the result of income statement that provided in image below
- Use the CPI table below to answer the following questions: Year CPI 2007 (Base Year) 2008 2009 2010 2011 2012 2013 2014 100 4 a. If an item was worth $2,500 in 2009, how much was it worth in 2014? k 102.8 104.2 105.5 107.4 109.2 112.3 116.6 120.4 122.8 Round up to two decimal places b. If an item was $3,000 in 2010, how much was it worth in 2015? 2015 2016 7What is the gross margin ratio of Company B? How much purchases did Company A have for 2021? What is the Accounts Receivable Turnover for Company B?Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $1,078,700 $929,900 $781,400 $667,900 $566,000 Interest expense 366,800 334,800 289,100 220,400 175,500 Income tax expense 345,184 260,372 218,792 173,654 135,840 Total assets (ending balance) 8,226,651 8,779,231 6,276,721 6,620,869 5,020,826 Total stockholders' equity (ending balance) 2,543,681 3,148,667 2,003,133 2,553,135 1,531,881 Average total assets 8,502,941 7,527,976 6,448,795 5,517,391 4,722,930 Average stockholders' equity 2,846,174 2,575,900 2,278,134 2,042,508 1,808,307 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years:…
