Current assets Total assets Current liabilities Total liabilities Cash $4,272 Interest expense 8,800 Income taxes 2,670 5,104 770 Net income (a1) Compute the following values. (a) Working capital. (Enter answer in millions.) $170 110 230 (b) Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) (c) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) millions :1
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- Suppose McDonald's 2022 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities (a1) a. b. Compute the following values. C. $3,416.0 Interest expense 30,224.0 d. 2,988.0 16,191.0 Income taxes Net income $473.0 1,936.0 4,551.0 Current ratio. (Round to 2 decimal places, e.g. 6.25:1.) Working capital. (Round to 1 decimal place, e.g. 5,275.5) Debt to assets ratio. (Round to 0 decimal places, e.g. 62%.) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) millions :1 % timesSuppose 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 earenedWarren 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 X
- Suppose the Crane Ltd's 2020 financial statements contain the following selected data (in millions). Current assets Total assets Current liabilities Total liabilities NT$3,536.0 31,408.0 3,016.0 16,640.0 Compute the following values. Interest expense Income taxes Net income NT$520.0 (a) Debt to assets ratio. (Round to O decimal places, e.g. 62%.) 1,976.0 4,590.0 (b) Times interest earned. (Round to 2 decimal places, e.g. 6.25.) % timesCalculate 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)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…
- lonic 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 DoneCash Accounts receivable (net) Other current assets December 31 Investments Property, plant, and equipment (net) Current liabilities Long-term debt Common stock, $10 par Retained earnings 2022 $ 29,100 50,000 90,100 54,500 500,500 $724,200 $85,000 144,900 342,000 152,300 $724,200 2021 $ 17,400 Sales Less: Sales returns and allowances Net sales Cost of goods sold Gross profit Operating expenses (including income taxes) Net income Lily Corporation Income Statements For the Years Ended December 31 2022 $737,000 $599,100 39,900 697,100 424,400 44,700 95,700 272,700 182,077 70,600 370,700 $599,100 $80,500 84,200 311,000 $ 90,623 123,400 $ 17,800 47,500 2021 2020 358,200 $531,000 63,500 44,000 $69,100 $605,400 31,000 299,000 574,400 370,500 113,400 $531,000 203,900 146,460 $ 57,440 49,500You have been presented with the following selected information from the financial statements of one of Canada's largest dairy producers, Saputo Inc. (in $ millions): Statement of financial position 2021 2020 2019 Accounts receivable $1,217 $1,372 $1,248 Inventory 2,294 2,221 1,681 Total current assets 3,948 4,069 3,134 Total assets 13,123 13,793 9,886 Current liabilities 2,146 2,494 1,932 Total liabilities 6,679 7,234 4,465 Statement of income Sales $14,294 $14,944 $13,502 Cost of goods sold 9,575 10,181 9,179 Interest expense 79 96 67 Income tax expense 218 217 230 Net income 626 583 755
- In Set’ Dec. 31, 2020 statement of financial position, how much should be the accounts payable? *see attached a. P 1,410,000b. P 1,485,000c. P 1,462,500d. P 1,425,000Cash Accounts receivable (net) Other current assets 1. Investments Plant and equipment (net) Net sales 2. NOVAK CORPORATION Balance Sheets December 31 Current liabilities Long-term debt Common stock, $10 par Retained earnings Sales revenue Less: Sales returns and allowances Net income Additional information: 2022 $32,000 52,000 93,000 58,000 500,000 $735,000 148,000 Cost of goods sold Gross profit Operating expenses (including income taxes) 323,000 177,000 NOVAK CORPORATION Income Statements For the Years Ended December 31 2021 $ 22,000 47,000 $87,000 $82,000 2022 98,000 370,000 $610,000 73,000 313,000 127,000 88,000 699,400 428,311 271,089 2021 $20,000 2020 $743,000 $603,000 43,600 115,000 $735,000 $610.000 $543,000 50,000 32,265 570,735 352,878 217,857 181,870 ▷ 151,764 $89,219 $66,093 67,000 48,000 358,000 $543,000 $72,000 53,000 303,000 The market price of Novak's common stock was $7.00, $7.74, and $8.43 for 2020, 2021, and 2022, respectively. You must compute dividends paid. All…Here is the income statement for Skysong, Inc. Sales revenue Cost of goods sold Gross profit Expenses (including $14,000 interest and $25,200 income taxes) Net income Additional information: 1. SKYSONG, INC. Income Statement For the Year Ended December 31, 2022 2. 3. $438,400 217,900 220,500 89,500 $ 131,000 Common stock outstanding January 1, 2022, was 26,700 shares, and 36,500 shares were outstanding at December 31, 2022. The market price of Skysong stock was $15 in 2022. Cash dividends of $21,300 were paid, $5,500 of which were to preferred stockholders.