Times interest earned A company reports the following: Income before income tax expense $3,120,000 Interest expense 160,000 Determine the times interest earned. Round to one decimal place.

compute number of days sales in receivables round your calculation and answer assume 365 days ina year

A company reports the following income statement and balance sheet information for the current year: Net income $132,370 Interest expense      11,510 Average total assets 2,180,000 Determine the return on total assets. Round the percentage to one decimal place.fill in the blank  %

The following information is available from the annual reports of Pharoah Company and Novak Corp. Companies. Sales Beginning receivables, net Ending receivables, net 1. 2. 1. (In millions) 2. Pharoah Company $128,000 Based on the preceding information, compute the following for each company: (Round answers to 1 decimal place, e.g. 15.2. Use 365 days for calculation.) 23,300 Accounts receivable turnover 16,300 Average collection period Novak Corp. $43,000 4,000 Accounts receivable turnover. (Assume all sales were credit sales.) Average collection period. 4,800 Pharoah Company times. days Novak Corp. times days.

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Sales Cost of goods sold Gross profit Fixed charges (other than interest) Income before interest and taxes Interest Income before taxes Taxes (35%) Income after taxes. LANCASTER CORPORATION a. What is the times-interest-earned ratio? Note: Round your answer to 2 decimal places. Times interest earned Fixed charge coverage times b. What would be the fixed-charge-coverage ratio? Note: Round your answer to 2 decimal places. times $ 259,000 209,000 $ 50,000 24,500 $ 25,500 19,000 $ 6,500 2,275 $ 4,225

The following information was taken from the financial statements of Sunland Company:     2021     2020   Gross profit on sales   $678,600         $760,000       Income before income taxes   205,400         225,000       Net income   260,000         225,000       Net income as a percentage of net sales   10%     9%   Please show steps to finding answer   Compute the cost of goods sold in dollars and as a percentage of net sales for each year. (Round percentages to 1 decimal place, e.g. 15.2%)     2021     2020   Cost of goods sold in dollars   $enter a dollar amount      $enter a dollar amount    Cost of goods sold as a percentage of net sales   nter percentages rounded to 1 decimal place %   nter percentages rounded to 1 decimal place %

The company reports the following income statement results: Gross profit $500,000 Interest expense 15,000 Sales discounts 8,000 Net Sales Operating expense Effective tax rate $ $ $ 990,000 365,000 18% Calculate Sales. Calculate Income before Income tax (IBT). Calculate net income. % Calculate the gross profit margin (one decimal place) % Calculate the profit margin (two decimal places)

Accounts Receivable Analysis A company reports the following: Sales $1,292,830 Average accounts receivable (net) 56,210 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a.  Accounts receivable turnover fill in the blank 1 b.  Number of days' sales in receivables fill in the blank 2 days