. From the following balances taken from the books of jakson and watson Ltd. for the year ending March 31, 2017, calculate the gross profit. Closing Stock 2,50,000 Net sales during the year 40,00,000 Net purchases during the year 15,00,000 Opening stock 15,00,000 Direct expenses 80,000
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- Real-world annual report The financial statements for Nike, Inc. (NKE), are presented in Appendix E at the end of the text. The following additional information is available (in thousands): Instructions 1. Determine the following measures for the fiscal years ended May 31, 2017, and May 31, 2016. Round ratios and percentages to one decimal place. a. Working capital b. Current ratio c. Quick ratio d. Accounts receivable turnover e. Number of days sales in receivables f. Inventory turnover g. Number of days sales in inventory' h. Ratio of liabilities to stockholders equity i. Asset turnover j. Return on total assets, assuming interest expense is 82 million for the year ending May 31. 2017, and 33 million for the year ending May 31, 2016. k. k. Return on common stockholders equity l. Price-eamings ratio, assuming that the market price was 52.81 per share on May 31, 2017, and 54.35 per share on May 31, 2016. m. m. Percentage relationship of net income to sales 2. What conclusions can be drawn from these analyses?The following selected information is taken from the financial statements of Arnn Company for its most recent year of operations: During the year, Arnn had net sales of 2.45 million. The cost of goods sold was 1.3 million. Required: Note: Round all answers to two decimal places. 1. Compute the current ratio. 2. Compute the quick or acid-test ratio. 3. Compute the accounts receivable turnover ratio. 4. Compute the accounts receivable turnover in days. 5. Compute the inventory turnover ratio. 6. Compute the inventory turnover in days.Calculate the amount of gross profit on the basis of the following balances extracted from the books of Edward and Co. for the year ended March 31, 2022.Advertisements (₹)Opening Stock50,000Net sales11,00,000Net purchases6,00,000Direct expenses60,000Administration expenses45,000Selling and distribution expenses65,000Loss due to fire20,000Closing stock70,000
- From the following balances taken from the books of Toy and Boy Ltd. for the year ending March 31, 2017, calculate the gross profit. Closing stock 2,50,000 Net sales during the year 40,00,000 Net purchases during the year 15,00,000 Opening stock 15,00,000 Direct expenses 80,000Selected information from the comparative financial statements of AppleVerse Company for the year ended December 31 appears below: 2018 2017 Php Php Accounts receivable (net) 175,000 200,000 Inventory 130,000 150,000 Total assets 1,100,000 800,000 Current liabilities 140,000 110,000 Long-term debt 410,000 300,000 Net credit sales 800,000 700,000 Cost of goods sold 600,000 530.000 Interest expense 40.000 25,000 Income tax expense 60.000 29,000 Net income 150.000 85,000 Net cash provided by operating 220,000 135,000 activities Compute for the Receivables Turnover for 2018. O 2.13 O 4.27 O 5.95 O 3.23Prepare a vertical analysis of the income statement data for Whispering Winds Corporation for both years. (Round percentages to 1 decimal place, e.g. 12.1%.) WHISPERING WINDS CORPORATIONComparative Income StatementsFor the Years Ended December 31 2022 2021 $ Percent $ Percent Net sales $688,000 Enter percentages % $576,000 Enter percentages % Cost of goods sold 445,000 Enter percentages % 417,000 Enter percentages % Gross profit 243,000 Enter percentages % 159,000 Enter percentages % Operating expenses 145,000 Enter percentages % 108,000 Enter percentages % Net income $98,000 Enter percentages % $51,000 Enter percentages %
- Prepare a Vertical Common Size Income Statement from the following Profit and Loss Account XYZ Ltd. for the three consecutive years and offer your comments. Particulars 2017-18 2018-19 2019-20 Rs. Rs. Rs. To Opening Stock 182,000 210,000 252,000 To Purchases 1,918,000 2,382,800 2,844,800 To Administration Expenses 252,000 323,400 400,400 To Selling Expenses 126,000 169,400 218,400 To Debenture Interest 25,200 25,200 25,200 To Depreciation 21,000 28,000 35,000 To Provision for Taxation 102,900 96,600 79,100 To Net Profit c/d. 102,900 96,600 79,100 2,730,000 3,332,000 3,934,000 By Sales: Cash 630,000 627,200 728,000 Credit 1,890,000 2,452,800 2,912,000 2,520,000 3,080,000 3,640,000 By Closing Stock 210,000 252,000 294,000 2,730,000 3,332,000 3,934,000 Dont give hand written answers plzview Policies Current Attempt in Progress Using these data from the comparative balance sheet of Cullumber Company, perform vertical analysis. (Round percentages to 1 decimal place, e.g. 12.5%.) Dec. 31, 2022 Dec. 31, 2021 Amount Percentage Amount Percentage Accounts receivable $ 467,400 $ 410,000 Inventory $ 785,400 % $ 660,000 % Total assets $3,197,900 % $2,830,000 % eTextbook and Media Save for Later Attempts: 0 of 3 used Submit AnswerExcerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): 2021 2020 Accounts receivable (net) $ 20 $ 16 Net sales $ 115 $ 100 Cost of goods sold $ 60 $ 55 Net income $ 20 $ 17 Inventory turnover 5.22 Return on assets 10.3 % Equity multiplier 2.36 Dowling's 2021 average collection period is (rounded)? Show your work. Question 44 options:
- Selected financial statement data for Schmitzer Inc. is shown below:2018 2017Balance sheet:Inventories 60,000 48,000Ratios:Gross profit ratio for 2018 40 %Inventory turnover ratio for 2018 5What was the amount of net sales for 2018?A company reported the following data for the year ending 2018: Description Sales Sales discount Sales returns and allowances Cost of goods sold Operating expense Income tax expense $3.01 per share There are 25,000 shares outstanding throughout the year. What is the earnings per share? $4.04 per share Amount $3.09 per share $400,000 $16,000 $13,000 $117,000 $153,000 $23,750Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): 2021 2020 Accounts receivable (net) $ 20 $ 16 Net sales $ 115 100 Cost of goods sold $ 60 55 Net income $ 20 17 Inventory turnover 5.22 Return on assets 10.3 % Equity multiplier 2.36 Dowling's average total assets for 2021 is (rounded): Multiple Choice 32. 210. 115. 194.
