10. Doric Co. reported the following items on its 2025 financial statements: View the items. Determine Doric Co.'s rate of return on total assets for 2025. Select the formula, then enter the amounts to compute the rate of return on total assets for 2025. (Round your answer to the nearest percent, X%.) + + ÷ Items = Rate of return on total assets % Total Assets, December 31, 2025 32,000 Total Assets, December 31, 2024 6,000 For Year Ended December 31, 2025: Interest Expense 600 Net Income 900 Print Done - ☑
Q: The taxes that the employer must pay are __________. social security and…
A: The question is asking about the types of taxes that an employer is obligated to pay. These taxes…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Step 1: Calculation of the Annual net cash flow: Annual net operating income = $509,000 Annual…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Referencehttps://www.investopedia.com/articles/personal-finance/082515/how-do-you-calculate-penaltie…
Q: The net income reported on the income statement for the current year was $152,300. Depreciation…
A: The objective of the question is to prepare the 'Cash flows from (used for) operating activities'…
Q: help please
A: The objective of the question is to calculate Dave Brown's FICA Social Security and FICA Medicare…
Q: Spartans Inc. has the following information for its two divisions: North and South…
A: The objective of the question is to calculate the Return on Investment (ROI) and Residual Income…
Q: At September 1, 2010, Kern Enterprises reported a cash balance of $45,000. During the month, Kern…
A: Step 1: Introduction to Disbursements of Cash:Disbursements of cash mean the payment of the cash to…
Q: Baker Fine Foods has beginning inventory for the year of $12,000. During the year, Baker purchases…
A: Step 1:Given information:Opening cost= $12,000Purchases- $150,000Closing stock= $20,000 Step 2:…
Q: At what amount is the investment in securities reported on the balance sheet under each of these…
A: The objective of the question is to determine the value of the investment in securities reported on…
Q: Following are accounts and year-end adjusted balances of Cruz Company as of December 31. Number…
A: Step 1: The closing entries for the given accounts will be as follows:Debit services revenue and…
Q: Records show the following information for a plant asset purchased on October 1 of Year 1. Cost $…
A: Depreciation = (Cost - Salvage) / Useful years= (330,000 - 39,000) / 6= 291,000 / 6= 48,500 annually…
Q: PART 4: A large discount store has approached the owner of Yundt about buying 20,000 snow globes.…
A: To determine whether Yundt should accept the special order from the large discount store for 20,000…
Q: ! Required information PA11-2 (Algo) Making Automation Decision [LO 11-1, 11-2, 11-3, 11-5] [The…
A: Let's proceed with the calculations:1. Incremental contribution margin: $195,000 per year2.…
Q: atement this account. or Balance Account Name Account Type (*) Is this account part of Retained…
A: The objective of the question is to identify whether each account is part of Retained Earnings, its…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: To get things started, Reese Francis's benefit analysis provides a complete evaluation of the…
Q: AASB 116 requires disclosure of the following by asset class: I II III IV The useful lives of assets…
A: The disclosure obligations under AASB 116 (Property, Plant and Equipment) differ according to the…
Q: Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely…
A: When we begin the process of reviewing the capital budgeting project, the first thing that we do is…
Q: Employees are more likely to apply their personal values to their behaviour when: those values…
A: The question is asking about the circumstances under which employees are more likely to apply their…
Q: A clinic is considering the possibility of two new purchases: new MRI equipment and new biopsy…
A: PAYBACK PERIOD -to compute for Payback Period, we will use the formula A+(B/C) where:A = last period…
Q: An employee receives an hourly rate of $15, with time and a half for all hours worked in excess of…
A: The objective of the question is to calculate the net amount to be paid to the employee after…
Q: On September 1, Big Star of Toledo prepaid six months of rent, $5,400. Read the requirements
A: The objective of the question is to record the journal entries for a prepaid rent transaction and…
Q: One of Astro Company's activity cost pools is machine setups, with estimated overhead of $150,000.…
A: Step 1: Method for distribution of costsTo allocate the machine setup costs, we will distribute the…
Q: Marsh Corporation purchased a machine on July 1, 2012, for $1,250,000. The machine was estimated to…
A: In this question, we are only to determine the depreciation charge in 2015 under the generally…
Q: am. 155.
A: The objective of the question is to calculate the adjusted cash balance per books. This involves…
Q: Im doing it as homework for extra studies, this isnt an assignment, i need help
A: The objective of the question is to calculate the per unit contribution margin for both models,…
Q: The ending balance on the bank statement seldom agrees with the balance in the checkbook.…
A: The objective of the question is to determine whether the ending balance on a bank statement…
Q: 4. Running Shorts Co. makes two products: A and B. In the folding department, budgeted information…
A: Step 1: Compute the indirect labor rate based on direct labor cost Budgeted indirect labor costs…
Q: What is the cost of goods manufactured if beginning work in process was $30,000, ending work in…
A: Detailed explanation:Cost of goods manufactured :Work in process beginning --------------30,000Costs…
Q: E18.1 (LO 1, 2) Excel (One Temporary Difference, Future Taxable Amounts, One Rate, No Beginning…
A: The objective of the question is to calculate the taxable income, income taxes payable for 2025,…
Q: Thalassines Kataskeves, S.A., of Greece makes marine equipment. The company has been experiencing…
A: Given data:Sales: $440,000Variable manufacturing expenses: $122,000Sales commissions:…
Q: The Loban Company purchased four cars for $9,000 each, and expects that they would be sold in three…
A: Step 1: Definition of the Straight-Line Method:The straight-line method is one of the methods of…
Q: Google Calendar - Tuesday, April X M ACC-650 TOPIC 5 Assignment X WP Question 9 of 11 - ACC-650 TOP…
A: The objective of this question is to determine whether Wilson should accept Monk's offer to buy…
Q: Identify each of the following characteristics as being an advantage, a disadvantage, or not…
A: Separate Legal EntityAdvantage: A corporation is a separate legal entity, distinct from its owners…
Q: Need help please semimonthly pay
A: In order to finalize the time card for Stateline Tire employee Thomas C. Black for the pay period…
Q: 16 0.5 points Stockholders' equity of Ernst Company consists of 94,000 shares of $5 par value, 10%…
A: Dividend per preferred share= per value x dividend rate=5 x 10%=$0.5Preferred dividend for 2 years =…
Q: Current Attempt in Progress The men's a capella group and women's a capella group at the local…
A: The objective of this question is to allocate the total cost of $195 between the men's and women's a…
Q: Unit Direct materials (clay) Direct labor Variable manufacturing overhead (based on direct labor…
A: Step 1: Determine the Variances of Direct Materials Price Variance in Direct Materials: Find out how…
Q: a- Find the radius r₁ of the electron in the ground state orbit of doubly ionized potassium which…
A: Step 1: Given : Atomic number Z= 19 Step 2: Formula : Radius of electron in ground state orbit…
Q: Sheffield Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the…
A: Step 1: Calculate the Present Value Annuity Factor (PVAF): This is done by dividing the initial cost…
Q: Department R had 4,200 units in work in process that were 77% completed as to labor and overhead at…
A: Step 1: Define Equivalent Units:Equivalent units are used in process costing to allocate the…
Q: Question Content Area AnaCarolina and Jaco, accountants for Duke Manufacturing, are tasked with…
A: The objective of the question is to identify the most appropriate performance metric for the…
Q: The four key behavioral considerations in management accounting and control system design include…
A: "Integrating the organization's salary structure is not usually regarded as one of the primary…
Q: Provide 7 graphs In answer
A: Step 1: Introduction to inventory valuationInventory valuation is referred to as that method that…
Q: Total 170,000 1 Mortgage is attached to the building and the land. Tobias' basis in the Acacia stock…
A: Tobias' basis in the Acacia stock is $400,000.Lisa and Richard offer to pay Tobias $900,000 for his…
Q: Equipment purchased on January 3, 2018, for $80,000 was depreciated using the straight-line method…
A: Step 1: Gain on Sale:When a company purchases equipment and, after some years of use, sells the…
Q: please answer in text form with proper workings and explanation for each and every part and steps…
A: Given data Capital balances : Pineda = 300000 Adams = 270000 Fergie = 260000 Gomez = 250000…
Q: On the basis of the details of the following fixed asset account, indicate the items to be reported…
A: The objective of the question is to determine the items to be reported on the statement of cash…
Q: A company is trying to predict the long-run market share of a new men's deodorant. Based on initial…
A: Step 1:I started by determining the elements required to determine the market share over the long…
Q: The deposit made by an employer for federal payroll taxes includes FICA…
A: The question is asking about the components of the federal payroll taxes that an employer is…
Q: On January 1, 2024, Clor-Proell Enterprises bought 20% of the outstanding common stock of Chen…
A: To determine the pretax amounts related to the investment that Clor-Proell would report in its…
Step by step
Solved in 2 steps
- Warren Exploration Company reported these figures for 2024 and 2023: (Click the icon to view the figures.) Compute the rate of return on total assets for 2024. (Round to two decimals.) Select the formula, then enter the amounts to compute the rate of return on total assets for 2024. (Enter the rate of return as a percent rounded to two decimal places, X.XX%.) = Rate of return on total assets + = C % Data table Income Statement-partial: Interest Expense Net Income Balance Sheet-partial: Total Assets Print $ $ 2024 12,800,000 $ 20,400,000 Dec. 31, 2024 314,000,000 $ Done 2023 17,800,000 17,200,000 Dec. 31, 2023 312,000,000 Xlonic Exploration Company reported these figures for 2018 and 2017: E (Click the icon to view the figures.) Compute the rate of return on total assets for 2018. (Round to two decimals.) Select the formula, then enter the amounts to compute the rate of return on total assets for 2018. (Enter the rate of return as a percent rounded to two decimal places, X.XX%.) Rate of return on total assets %3D Data Table S: Income Statement-partial: 2018 2017 Interest Expense $ 17,800,000 $ 14,500,000 Net Income 18,400,000 14,600,000 Balance Sheet-partial: Dec. 31, 2018 Dec. 31, 2017 Total Assets $ 322,000,000 $ 320,000,000 Print Done19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 15,555 85,000 98,000 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + + = %
- Current Attempt in Progress Suppose selected comparative statement data for the giant bookseller Barnes & Noble are as follows. All balance sheet data are as of the end of the fiscal year (in millions). Net sales Cost of goods sold Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2022 $5,050.3 3,700.7 65.1 65.0 1,250.1 2,950.1 940.6 2021 $5,800.9 3,200.1 190.9 106.6 1,350.1 3,250.1 1,100.5Saved Не Income statements and balance sheets data for Virtual Gaming Systems are provided below. VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 2025 2024 $3,460,000 2,470,000 990,000 $2,986,000 1,940,000 1,046,000 Net sales Cost of goods sold Gross profit Expenses: Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses 945,000 20,000 13,000 7,000 985,000 5,000 848,000 22,000 7,000 10,000 43,000 930,000 116,000 Net income VIRTUAL GAMING SYSTEMS Balance Sheets December 31 2025 2024 2023 Assets Current assets: Cash Accounts receivable $196,000 70,000 120,000 13,000 $176,000 71,000 95,000 11,000 $134,000 50,000 125,000 4,800 Inventory Prepaid rent Long-term assets: Investment in bonds 95,000 290,000 290,000 (74,000) $1,000,000 95,000 200,000 260,000 (54,000) 230,000 200,000 (32,000) $711,800 Land Equipment Less: Accumulated depreciation Total assets $854,000 Liabilities and Stockholders' Equity Current…Condensed balance sheet and income statement data for Oriole Corporation are presented here. Cash Accounts receivable (net) Other current assets Investments Property, plant, and equipment (net) Current liabilities Long-term debt Common stock, $10 par Retained earnings Oriole Corporation Balance Sheets December 31 2022 $ 30,100 49,800 89,600 55,100 500,100 $724,700 24 $84,500 145.700 381,000 113.500 $724,700 Sales Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income Oriole Corporation Income Statement For the Years Ended December 31 2022 $16,100 45,500 95,000 70,000 370,800 $597,400 $79,400 84,300 319,000 114,700 $597,400 2021 $744.500 39 200 705 300 424.700 280,600 188.911 $91.689 2021 $605,400 30,700 574.700 366.000 208.700 151 200 $57.470 2020 $18,300 47,900 63,000 46,000 358,600 $533,800 306,000 107,400 $533,800 $69,700 50,700 Additional information: The market price of Oriole's common stock was…
- Calculate the following ratios for 2025 and 2026. (Round current ratio to 2 decimal places, e.g. 12.61, debts to assets and gross profit rate to 0 decimal places, e.g.12, and all other answers to 1 decimal place, e.g. 12.6%) Please show your work. 1. Current ratio 2. Debts to assets 3. Gross profit rate 4. Profit margin 5. Return on assets (Total assets at November 1, 2024, were $35,180) 6. Return on common stockholder's equity (Total common stockholders' equity at November 1, 2024, was $25, 180. Dividends on preferred stock were $16,800 in 2025 and $18,000 in 2026)Godhi's 2024 financial statements reported the following items with 2023 figures given for comparison: (Click the icon to view the reported items.) Net income for 2024 was $4,230, and interest expense was $260. Compute Godhi's rate of return on total assets for 2024. (Round to the nearest percent.) Select the formula, then enter the amounts to compute the rate of return on total assets for 2024. (Round to the nearest percent.) Rate of return on total assets % C Data table Total Assets Godhi, Inc. Balance Sheet As of December 31, 2024 and 2023 2024 Total Liabilities Total Stockholders' Equity (all common) Total Liabilities and Stockholders' Equity Print S S Done 38,740 $ 17,200 21,540 38,740 S 2023 33,820 16,220 17,600 33,820Suppose the 2022 Adidas financial statement contain the following selected data (in millions) current assets 4215 total assets 9000 current liabilities 4860 cash 755 interest expense 150 income tax 190 net income 275 a.working capital b.current ratio c.debt to assets ratio d.times interest earened
- Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%Problem 17-2A (Algo) Ratios, common-size statements, and trend percer [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2021 $546,242 328,838 217,404 77,566 49,162 126,728 90,676 16,866 $ 73,810 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income KORBIN COMPANY Comparative Balance Sheets December 31 2020 $ 418,466 263,634 2021 % 154,832 57,748 36,825 94,573 60, 259 12,353 $ 47,906 % $61,141 0 113,547…Suppose in its 2022 annual report that McDonald's Corporation reports beginning total assets of $29.00 billion, ending total assets of $31.00 billion, net sales of $22.20 billion, and net income of $4.26 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.) McDonald's return on assets % (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover times