Compute return on equity (ROE).
Q: Refer to the AccuTax Incorporated exhibit One of the partners is planning to retire at the end of…
A: An Estimate is the process of calculation or judgement of the value, number, quantity.It is a kind…
Q: Data for the year just ended: Estimated total manufacturing overhead cost Estimated total direct…
A: The statement of cost of goods manufactured represents the cost of goods that are finished during…
Q: QUESTION 2 The following is a partial Statement of Financial Position of Juara Bhd: Common stock…
A: Stock dividend is one of the form of dividend being paid to the shareholders. In this, shares of the…
Q: Molokomme Limited acquired all the assets and liabilities of Mashiane Limited at 1 January 2016 for…
A: In business combination , acquirer shall recognise and record the assets and liabilities acquired at…
Q: PREPARE JOURNAL ENTRIES AND CLOSING ENTRIES. 2. POSTING JOURNAL ENTRIES TO THE LEDGER USING RUNNING…
A: It has been given in the question that company is using the periodic inventory system which means…
Q: Directions: Fill in the Cash Basis Income Statement and the Accrual Basis Income Statement given the…
A: Income Statement On cash Basis :— Cash Basis Income Statement means all Income or Or expenses is…
Q: Required information Problem 8-5 (Algo) Various invettory costing methods [LO8-1, 8-4] [The…
A: The inventory can be valued using various methods as LIFO, FIFO and weighted average method. FIFO…
Q: A company began January with 8,000 units of its principal product. The cost of each unit is $8.…
A: Ending inventory refers to the value of the inventory which is remained at the end of the accounting…
Q: S Ltd(a partially owned subsidiary), sold inventories for the first time to its parent, P ltd during…
A: In the consolidated financial statements, all the intragroup transactions and related gains and…
Q: ng services apply activity base costing
A: Activity base costing can be applied to products and services. It is a method to allocated indirect…
Q: Write double entry Creg works as an agent for a number of smaller contractors, earning commission…
A: Double-entry means that a debit entry in one account must be equal to a credit entry in another…
Q: EX 2-16 Trial balance Obj. 4 The accounts in the ledger of Seaside Furniture Company as of August…
A: Introduction: To check the arithmetical accuracy of the company's bookkeeping, trial balance is…
Q: (All partners sacrifice) : A and B partners sharing profits and losses in the ratio of 3:2. They…
A: Introduction: A journal entry is used to record a business arrangement in the accounting records of…
Q: Enviro Company issues 12.50%, 10-year bonds with a par value of $470,000 and semiannual interest…
A: Cash proceeds from the issue of bond = Par value x Selling price, Semi-annual interest expense =…
Q: Should the IRS and the Department of the Treasury consider alternative tax systems, such as Flat…
A: Taxes refers to the money or amount of sum that the government requires people or businessman as…
Q: (a) The following information has been provided by knitwear ltd a company that manufactures jeans.…
A: A cost sheet is a declaration that lists the many costs that make up a product's overall cost and…
Q: ocess—Assembly Department Bal., 4,000 units, 25% completed 10,600 To Finished Goods, 92,000 units ?…
A: Work in process inventory refers to the goods of a company that is still in process of production or…
Q: ABC Company bought some land with a price of $50,000 by making a $10,000 down payment and owing the…
A: Introduction: Cash land purchases have an impact on many areas of your balance sheet's asset column.…
Q: Required information Excel Analytics 02-03 (Static) Job-Order Costing and Regression Analysis…
A: Predetermined OH Rates :— Predetermined OH are so Effective in Activity based Costing. A…
Q: BC Company went to the bank and borrowed $100,000 from the bank. What happens to the business…
A: Basic foundation of accounting is that total assets must be equal to the sum of equity and…
Q: Is this transaction need to be adjusted? I know it is not about expense and revenue. But I always…
A: The revenue receivable is the asset which records the amount of revenue earned but not received yet.…
Q: How much PAYE will a person earning chargeable income of $33,942 per annum pay to FRCS?
A: Given in the question: Chargeable Income = $33,942 per annum Tax Year = Current Year which is 2022…
Q: Ledger Account balances (prior to any Balance Day Adjustments) as of 30 June 2018: Insurance $ Rent…
A: Prepaid insurance will be for July 2018 to November 2018 , ie 5 months Entries for Accrued Expenses…
Q: The following information relates to the only product made by Mario Traders for the year ended 31…
A: Costing methods are those techniques which are used for reporting net income or loss and methods of…
Q: Required Journal Entry Mr. Lopez opened a mini grocery store with business name Lopez Fiesta…
A: Following are the Golden Rules of Accounting : Account Debit Credit Personal Accounts the…
Q: Please write the correct answer. Thank you!
A: Hi student Since there are multiple questions, we will answer only first question. Since first…
Q: The revenues and expenses of Up-in-the-Air Travel Service for the year ended April 30, 20Y7, follow:…
A: The statement of the owner's equity states the changes in the capital balance of the company over…
Q: NotExist Inc. reports the following dollar balances in its retained earnings account. 2020 $4,600…
A: The dividend is paid to shareholders from the retained earnings of the business. The retained…
Q: QUESTION 12 Abeer has a major medical pblicy with a 5200o deductible. She is required to pay 25…
A: A medical policy is a policy in which the medical expense of the insured person is paid by the…
Q: Mary Smith is the owner and manager of a small bakery, “Mary’s Cookies”, which is known for its…
A: Manufacturers manufacture products with the help of production resources, such as natural resources,…
Q: A company's stakeholders often differ in their financial statement focus. For example, some…
A: Balance sheet represent the financial position of the company how much of stakeholders funds are…
Q: Luke's Lamps had a beginning inventory January 1, 2020 of $970,000. They sold goods that cost…
A: Introduction: Ending inventory is the cost of goods on hand just at end of a reporting period. A…
Q: Interpreting the Accounts receivable Footnote Hewlett-Packard Company (HPQ) reports the following in…
A: Account Receivable - It is the amount of balance money due to a firm/person for goods or services…
Q: Inventory Analysis The following data were extracted from the income statement of Keever Inc.:…
A:
Q: The following information concerns production in the Baking Department for December. All direct…
A: Equivalent Units of Production: It is an evaluation of the work completed during the period…
Q: Donner Company is selling a piece of land adjacent to its business premises. An appraisal reported…
A: cost concept : according to this concept the assets are recorded in the books on the value at which…
Q: Registers in QBO: Multiple Choice Display more detailed information about accounts Display all…
A: QBO is Quick book online is a online accounting software. It is a cloud a accounting which is able…
Q: a) Analyze the transactions in an accounting equation. Include money columns for Cash, Supplies,…
A: Accounting equation is one of the fundamental concept being used in accounting, which says that…
Q: What is GJ’s net business income for tax purposes for the year
A:
Q: Viscount Company collected $42,000 cash on its accounts receivable. The effects of this transaction…
A: These are the accounting transactions that are having a monetary impact on the financial statement…
Q: P1-1Preparing an Income Statement, Statement of Stockholders' Equity, and Balance Sheet Assume that…
A: Financial statement means the statement which include the income statement and the balance sheet.…
Q: Question Content Area Given the following data: Dec. 31, Year 2 Dec. 31, Year 1 Total…
A: Ratio analysis is one of the technique used in management accounting. These ratios are used for…
Q: Fast Wire Incorporated manufactures a scrambling device for cellular phones. The main component of…
A: Introduction: The productivity ratio is a metric used to compare output over time. The total…
Q: ABC Company bought some land for $20,000 cash. The journal entry for this transaction would include…
A: Introduction: A journal entry is a documentation of a business deal in the accounting system of an…
Q: How can you tell of a company is profitable?
A: Profit. of a Company:After deducting all of the costs associated with running a business, the amount…
Q: Find the breakeven quantities where (P= Profit, X = Units) • P= -0,09X^2 + 2,4x-6
A: Break-even quantity is the quantity at which profit is equal to zero. In other words, we can say the…
Q: ! Required information. CC1-1 (Algo) Financial Statements for a Business Plan (LO 1-2, LO 1-3] [The…
A: Income statement is one of the financial statement which tells about all incomes, expenses and at…
Q: E1-6 Analyzing Revenues and Expenses and Preparing an Income Statement Assume that you are the…
A: Introduction: An income statement is a financial statement that details the company's earnings and…
Q: Shannon Cook is the owner and operator of Go-For-It LLC, a motivational consulting business. At the…
A: Lets understand the basics. As per accounting/balance sheet equation, total assets is always equal…
Q: Required information Problem 8-5 (Algo) Various inventory costing methods [LO8-1, 8-4) [The…
A: Cost of Goods Sold :— Cost Of Goods sold means the Total Cost which is Incurred to Manufactured the…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Disaggregate Traditional DuPont ROE Graphical representations of the KLA-Tencor 2018 income statement and average balance sheet numbers (2017-2018) follow ($ thousands). KLA-Tencor Average Balance Sheet 2017-2018 $1,473,464 FL $2,583,930- AT KLA-Tencor Income Statement 2018 $802,265 -$2,627.235.5 O-O $653,666- - $2.948.529 $1,518,371 ■ Operating assets Nonoperating assets Operating liabilities Nonoperating liabilities ■ Equity $81,263 a. Compute return on equity (ROE). Round answer to two decimal places (ex: 0.12345 = 12.35%) ROE % Operating expenses Interest expense, net Tax expense Net income b. Apply the DuPont disaggregation into return on assets (ROA) and financial leverage. Round answers to two decimal places (ex: 0.12345= 12.35%) ROA % -$2,499,507 c. Calculate the profitability and productivity components of ROA. Round profit margin (PM) to two decimal places (ex: 0.12345 = 12.35%) Round asset turnover (AT) to three decimal places. PM % d. Confirm the ROE from part a. above with…Compute and Compare ROE, ROA, and RNOA Graphical representations of the KLA-Tencor 2018 income statement and average balance sheet numbers (2017-2018) follow ($thousands). KLA-Tencor Average Balance Sheet 2017-2018 $1,473,464 $2.583,930 -$2,627,235.5 $1,518,371 Operating assets Nonoperating assets Operating labilities Nonoperating abis Equity + -$2,948,529 Check OS 05 KLA-Tencor Income Statement 2018 $802,265 ė $653,666- Note: Assume a statutory tax rate of 22%. a. Compute return on equity (ROE). Note: 1. Select the appropriate numerator and denominator used to compute ROE from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute ROE. Denominator Numerator ROE $81,263 05 Operating expenses Tax expense b. Compute return on assets (ROA). Note: 1. Select the appropriate numerator and denominator used to compute ROA from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute ROA. Numerator Denominator ROA -$2.499.507 +…Operating and Nonoperating Items in Boston Scientific's Income Statement EXHIBIT 3.6 For Year Ended December 31, S mllllons 2018 2017 2016 $9,823 2,813 $9,048 2,593 $8,386 2,424 Net sales Cost of products sold Gross profit. Operating expenses Selllng, general and admlnlstratlve expenses. Research and development expenses Royalty expense Amortlzatlon expense Intanglble asset Impalrment charges. ContIngent conslderatlon expense (beneflt) Restructurlng charges. Litigatlon-related charges 7,010 6,455 5,962 3,569 3,294 3,099 1,113 997 920 70 68 79 599 565 545 35 11 (21) (80) 29 36 37 28 103 285 804 Operating expenses 5,504 5,170 5,515 Operating income Other expense (income) Interest expense 1,506 1,285 447 241 229 233 Other expense (income), net. (156) 124 37 1,422 (249) Income before income taxes 932 177 Income tax expense (benefit) . 828 (170) Net income $1,671 24 104 2$ 347 Calculate the profit margin ratio for 2016
- Operating and Nonoperating Items in Boston Scientific's Income Statement EXHIBIT 3.6 For Year Ended December 31, S mllllons 2018 2017 2016 Net sale . Cost of products sold $9,823 $9,048 2,593 $8,386 2,424 2,813 Gross profit. Operating expenses Selllng, general and admlnIstratlve expenses. Research and development expenses Royalty expense Amortlzatlon expense Intanglble asset Impalrment charges ContIngent conslderatlon expense (beneflt) . RestructurIng charges. LItigatlon-related charges 7,010 6,455 5,962 3,569 1,113 3,294 3,099 997 920 70 68 79 599 565 545 35 4 11 (21) (80) 29 36 37 28 103 285 804 Operating expenses - 5,504 5,170 5,515 Operating income . Other expense (income) Interest expense 1,506 1,285 447 241 229 233 Other expense (income), net. (156) 124 37 Income before income taxes 1,422 932 177 Income tax expense (benefit) . (249) 828 (170) Net income. $1,671 $ 104 $ 347 Calculate the operating expense margin ratio for 2016Directly Compute Nonoperating Return with Noncontrolling Interest Selected balance sheet and income statement information from Abbott Laboratories for 2018 follows ($ millions). $ millions Net income Net income attributable to Company shareholders Net operating profit after tax (NOPAT) Net nonoperating expense (NNE) $3,078 3,078 3,822 744 Average net operating assets (NOA) 62,689 Average net nonoperating obligations (NNO) 22,506 Average total equity 40,183 Average equity attributable to Company shareholders 39,924 Compute the following measures a through h. a. Return on equity = (Net income attributable to Company shareholders/Average equity attributable to Company shareholders) Net income attributable to Company shareholders Average equity attributable to Company shareholders ROE %Identifying and Computing Net Operating Assets (NOA) and Net Nonoperating Obligations (NNO)Following are the balance sheets and statement of earnings for Home Depot Inc. for fiscal year ended February 3, 2019, which the company labels fiscal year 2018. THE HOME DEPOT INC. Consolidated Balance Sheets February 3, January 28, $ millions, except par value 2019 2018 Assets Current assets Cash and cash equivalents $1,778 $3,595 Receivables, net 1,936 1,952 Merchandise inventories 13,925 12,748 Other current assets 890 638 Total current assets 18,529 18,933 Net property and equipment 22,375 22,075 Goodwill 2,252 2,275 Other assets 847 1,246 Total assets $44,003 $44,529 THE HOME DEPOT INC. Consolidated Balance Sheets February 3, January 28, $ millions, except par value 2019 2018 Liabilities and Stockholders’ Equity Current liabilities Short-term debt $1,339 $1,559 Accounts payable 7,755 7,244 Accrued salaries and…
- Current Asset Current Liabilities COGS Inventory Total Liabilities Total Assets Net Sales Operating Income Gross Profit EBIT EBT Cash Flow Operation Retained Earning Owner's Equity 2018 80,073,836 26,882,064 51,678,144 14,854,944 80,133,248 124,776,768 160,099,728 75,249,200 108,421,584 56,436,900 45,149,520 49,716,192 28,967,893 44,643,520 2017 54,919,520 13,083,840 35,379,840 9,575,808 64,875,200 100,945,824 98,157,888 32,775,808 62,778,048 24,581,856 19,665,485 26,781,248 29,361,440 36,070,624Use the current asset section of the balance sheets of the Waverley Company as of June 30, 2017 and 2016 presented below to answer the questions that follow. 2017 2016Cash and cash equivalents R 75,000 R 58,800Trade accounts receivable, net 157,500 193,200Inventory 208,200 253,400Other current assets 18,400 15,500Total current assets R 459,100 R 520,900Total assets R2,650,000 R3,430,000Required:Complete a horizontal analysis of the current asset section of Waverley Company’s balance sheet for 2017. Your answers for “% Change” should be rounded to one decimal place, e.g.,…Scanned with CamScanner Scanned with CamScanner Balance Sheets as at 31 December Non current asse Current assets ess depreciation Accounts reco Total assets Accounts pavable oan hotes Net awetse entory at 1 January 2018 was E50,000. Required: 2018 and 2019 Cn Net promt capons for and signi of any changes in the ratios shown by your calaton Scanned with CamScanner given below. Income Statements for the years ending 31 December 2018 2019 £00 £000 £000 E000 Sales Less Cost of sales Gross profit 200 (150) 50 280 (210) 70 Less Administration expenses 38 46 Loan note interest 4 (50) (38) 12 Net profit 20
- Apply DuPont Disaggregation of ROE Selected balance sheet and income statement information for Home Depot follows. $ millions Jan. 31, 2016 Feb. 01, 2015 Total assets $42,824 $40,221 Total liabilities 36,303 30,694 Sales 88,999 Net income 7,158 Round answers to two decimal places (ex: 0.12345 = 12.35%) a. Compute ROE and disaggregate the ratio into its DuPont components of ROA and financial leverage. ROE: 0 ROA: 0 Financial leverage: 0 b. Disaggregate ROA in to profitability and productivity components. Profit margin 0 % Asset turnover CheckForecast an Income StatementSeagate Technology reports the following income statement for fiscal 2019. SEGATE TECHNOLOGY PLC Consolidated Statement of Income For Year Ended June 28, 2019, $ millions Revenue $20,780 Cost of revenue 14,916 Product development 1982 Marketing and administrative 906 Amortization of intangibles 46 Restructuring and other, net (44) Total operating expenses 17,806 Income from operations 2,974 Interest income 168 Interest expense (448) Other, net 50 Other expense, net (230) Income before income taxes 2,744 (Benefit) provision for income taxes (1,280) Net income $4,024 Forecast Seagate’s 2020 income statement assuming the following income statement relations ($ millions). Revenue growth 5% Cost of revenue 71.8% of revenue Product development 9.5% of revenue Marketing and administrative 4.4% of revenue Amortization of intangibles No change Restructuring and other, net $0 Interest income No change…Refine Assumptions for PPE ForecastFollowing are the income statement and balance sheet for Medtronic PLC. Consolidated Statement of Income ($ millions) For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses Cost of products sold 9,155 Research and development expenses 2,330 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 198 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit (loss) 6,268 Other nonoperating income, net (373) Interest expense 1,444 Income (loss) before income taxes 5,197 Income tax provision 547 Net income (loss) 4,650 Net (income) loss attributable to noncontrolling interests (19) Net income (loss) attributable to Medtronic $ 4,631 Consolidated Balance Sheet ($ millions) April 26, 2019 Current assets Cash and cash equivalents $ 4,393 Investments 5,455 Accounts receivable, less…