VII. Direction: Compute and interpret. The following comparative financial statements are provided by Avatar Industries. You were asked to compute the different financial ratios and provide your interpretations with regards to profitability, efficiency, liquidity and solvency of the company. Use the Answer Sheet template below to input your answer and solution. AVATAR INDUSTRIES AVATAR INDUSTRIES Comparative Statement of Financial Position For the years 2019 and 2018 Comparative Income Statement For the years 2019 and 2018 2019 2018 2019 2018 ASSETS Current Assets: Sales P200,000 P210,000 Cash & Cash Equivalent P65,000 P70,000 Sales Returns and Allowances 40,000 25,000 Accounts Receivable 40,000 35,000 Net Sales 160,000 185,000 Marketable Secuities 40,000 35,000 Cost of Goods Sold 100,000 115,625 Inventory 100,000 80,000 Gross Profit 60,000 69,375 Total Current Assets 220,000 200,000 160,000 P445,000 P380,000 245,000 Operating Expenses: Fixed Assets Selling Expenses 22,000 25,000 Total…

VII. Direction: Compute and interpret. The following comparative financial statements are provided by Avatar Industries. You were asked to compute the different financial ratios and provide your interpretations with regards to profitability, efficiency, liquidity and solvency of the company. Use the Answer Sheet template below to input your answer and solution. AVATAR INDUSTRIES AVATAR INDUSTRIES Comparative Statement of Financial Position For the years 2019 and 2018 Comparative Income Statement For the years 2019 and 2018 2019 2018 2019 2018 ASSETS Current Assets: Sales P200,000 P210,000 Cash & Cash Equivalent P65,000 P70,000 Sales Returns and Allowances 40,000 25,000 Accounts Receivable 40,000 35,000 Net Sales 160,000 185,000 Marketable Securities 40,000 35,000 Cost of Goods Sold 100,000 115,625 Inventory 100,000 80,000 Gross Profit 60,000 69,375 Total Current Assets 245,000 220,000 Operating Expenses: Fixed Assets 200,000 160,000 Selling Expenses 22,000 25,000 Total Assets P445,000…

Preparing common-size income statement Data for Connor Inc and Alto Corp follow: Requirements Prepare common-size income statements. Which company earns more net income? Which company’s net income is a higher percentage or its net sales revenue?

Comparing Income Statements and Balance Sheets of CompetitorsFollowing are selected income statement and balance sheet data from two retailers: Abercrombie & Fitch (clothing retailer in the high-end market) and TJX Companies (clothing retailer in the value-priced market). (a) Express each income statement amount as a percentage of sales. Round your answers to one decimal place (ex: 0.2345 = 23.5%). Income Statement ($ millions) ANF     TJX   Sales $4,680     $21,058   Cost of goods sold 1,599 Answer     16,021 Answer   Gross profit 3,081 Answer     5,037 Answer   Total expenses 2,435 Answer     4,003 Answer   Net income $ 646 Answer     $ 1,034 Answer   (b) Express each balance sheet amount as a percentage of total assets. Round your answers to one decimal place (ex: 0.2345 = 23.5%). Balance Sheet ($ millions) ANF     TJX   Current assets $1,010 Answer     $3,929 Answer   Long-term assets 1,627 Answer     2,608 Answer   Total assets…

How do i find the industry ratios for Walmart and Target 2022, comparing both retailers, Gross Margin Ratio, Profit Margin Ratio and Return on Asset to the industry.

Complete this question by entering your answers in the tabs below. Analysis Analysis Bal Sheet Inc Stmt Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) Revenues Sales (net) Other revenues Total revenues Expenses Cost of goods sold FANNING COMPANY Vertical Analysis of Income Statements Year 4 Selling, general, and administrative expense Interest expense Income tax expense Total expenses Net income Amount $ 231,900 9,300 241,200 118,800 54,200 6,800 22,800 202,600 $ 38,600 Percentage of Total Analysis Bal Sheet % % Year 3 Amount $ 211,200 6,400 217,600 102,100 49,100 6,000 21,800 179,000 $ Percentage of Total % % 38,600 Analysis Inc Stmt > Show less

Questions related to the Statement of Profit or Loss a. Revenue is the income generated from normal business operations. What is the business operation of Emirates (i.e. what do they do? Do they provide services or sell products? What is the service they provide or product they sell in order to generate revenues?) . b. Did Emirates make profit in 2018 and 2017? Was there an increase or decrease? Justify your answers by providing the figures from the statement. c. Explain the Difference between Revenue and Other operating income – Provide one item that can be listed under Revenue and one item that can be listed under Other operating income of Emirates. You can refer to the corresponding Notes to the Financial Statements of Emirates. . PLEASE MAKE SURE THE ANSWER IS CORRECT 100%

(c) comment on the relative profitability of these companies. (D) based on your calculations above, identify two main reasons for the difference in their profitability.

Compare Martinez and Rosado by converting their income statements to common size. Net sales.... Cost of goods sold. Other expense. Net income.. Which company earns more net income? Which company's net income is a higher percentage of its net sales? Net sales... Cost of goods sold. Other expenses. Net income.. $ $ $ $ Martinez Prepare the common-sized financial analysis: (Round percentages to the nearest tenth percent.) Martinez Amount 10,900 6,660 3,586 654 10,900 $ 6,660 3,586 % 654 $ % $ % % Rosado % $ 16,540 11,909 3,837 794 Rosado Amount 16,540 11,909 3,837 794 % do do % % % %