Financial Ratios. Adelaide Inc. made $90,712.00 of revenue in 2020. The Cost of Goods Sold was...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Financial Ratios. Adelaide Inc. made $90,712.00 of revenue in 2020. The Cost of Goods Sold was $10,750.00, and the Total Expense was $45,755.00. As of December 31, 2020, the company had $228,240.00 worth of Assets, which includes $5,080.00 worth of Current Assets, and $73,090.00 of Total Liabilities, which contains $22,710.00 worth of Current Liabilities, as well as 350 shares outstanding. Assume there were no interest, no tax, and no dividend payout, what was Adelaide Inc.'s Profit Margin? Financial Ratios. Etowah Inc. made $356,000.00 of revenue in 2020. The Cost of Goods Sold was $153,700.00, and the Total Expense was $105,000.00. As of December 31, 2020, the company had $269,300.00 worth of Assets, which includes $75,800.00 worth of Current Assets, and $150,000.00 of Total Liabilities, which contains $25,000.00 worth of Current Liabilities, as well as 70,000 shares outstanding. Assume there were no interest, no tax, and no dividend payout, what was Etowah Inc.'s Debt-to-Equity Ratio? Financial Ratios. Adelaide Inc. made $90,712.00 of revenue in 2020. The Cost of Goods Sold was $10,750.00, and the Total Expense was $45,755.00. As of December 31, 2020, the company had $228,240.00 worth of Assets, which includes $5,080.00 worth of Current Assets, and $73,090.00 of Total Liabilities, which contains $22,710.00 worth of Current Liabilities, as well as 350 shares outstanding. Assume there were no interest, no tax, and no dividend payout, what was Adelaide Inc.'s Profit Margin? Financial Ratios. Etowah Inc. made $356,000.00 of revenue in 2020. The Cost of Goods Sold was $153,700.00, and the Total Expense was $105,000.00. As of December 31, 2020, the company had $269,300.00 worth of Assets, which includes $75,800.00 worth of Current Assets, and $150,000.00 of Total Liabilities, which contains $25,000.00 worth of Current Liabilities, as well as 70,000 shares outstanding. Assume there were no interest, no tax, and no dividend payout, what was Etowah Inc.'s Debt-to-Equity Ratio?
Expert Answer:
Answer rating: 100% (QA)
To calculate Adelaide Incs Profit Margin we need to use the formula Profit Margin Net Income Reven... View the full answer
Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
Posted Date:
Students also viewed these accounting questions
-
Ho Designs experienced the following events during Year 1 , its first year of operation: Started the business when it acquired $ 6 7 , 0 0 0 cash from the issue of common stock. Paid $ 2 8 , 0 0 0...
-
The treasurer of Banila co. has projected the cash flows of Project A, B, and C as follows: Year Project A Project B Project C 1 -$405,000 -$810,000 -$405,000 2 297,000 540,000 324,000 3 297,000...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
7. Arrange the following nitrogen containing compounds in decreasing order of basicity NH NH -H (P) (a) S>R>Q> P NO (R) (2) (b) P>Q>S>R -H (S) (c) P>Q>R>S (d) R>Q> P > S
-
Determine the angle between covalent bonds in an SiO4-4 tetrahedron.
-
Sinaloa Appliance, Incorporated, a private firm that manufactures home appliances, has hired you to estimate the company's beta. You have obtained the following equity betas for publicly traded firms...
-
Two springs, having different stiffnesses \(k_{1}\) and \(k_{2}\) with \(k_{2}>k_{1}\), are placed on either side of a mass \(m\), as shown in Fig. 13.27. When the mass is in its equilibrium...
-
The trial balances shown below are before and after adjustment for Bere Company at the end of its fiscal year. Instructions Prepare the adjusting entries that weremade. BERE COMPANY Trial Balance...
-
Beginning inventory, purchases, and sales for Item 88-HX are as follows: July 1 Inventory July 8 Sale 82 units @ $27 66 units July 15 Purchase July 27 Sale 91 units @ $30 76 units Assuming a...
-
a. How much cash does Patterson have on hand relative to its total assets? b. What proportion of Patterson's assets has the firm financed using short-term debt? Long-term debt? c. What percent of...
-
A Garment Manufacturing Company makes Pants and Jackets using Cotton and Polyester. The material requirement for each Pant and Jacket along with Total Material Available in sq yds is listed in the...
-
If the magnitude of the emf produced in an inductor is 4.0 V when the current through it decreased at a constant rate of \(0.2 \mathrm{~A} / \mathrm{s}\), calculate the inductance of the inductor.
-
An emf of \(-0.75 \mathrm{~V}\) is induced in an inductor of \(1.25 \mathrm{H}\). Find the rate of change of current. Suggest if the current increases or decreases through the inductor.
-
A cylindrical solenoid, of radius \(0.5 \mathrm{~cm}\) and length \(30 \mathrm{~cm}\) has 1200 windings and carries a current of \(0.5 \mathrm{~A}\). (a) What is the inductance of the solenoid? (b)...
-
Explain why the following may not lead to random samples from the desired population: (a) To determine the mix of animals in a forest, a forest officer records the animals observed after each...
-
A traffic engineer collects data on traffic flow at a busy intersection during the rush hour by recording the number of westbound cars that are waiting for a green light. The observations are made...
-
A company shows the following balances: Sales Sales returns and allowances Cost of goods sold Operating expenses What is the company's profit margin? $1090000 260000 610000 54000
-
According to a New York Times columnist, The estate tax affects a surprisingly small number of people. In 2003, . . . just 1.25 percent of all deaths resulted in taxable estates, with most of them...
-
Use the information in P3.7. Data from P3.7 Dunn Inc. owns and operates a number of hardware stores in the Atlantic region. Recently, the company has decided to open another store in a rapidly...
-
MacAskill Corp. has the following portfolio of securities acquired for trading purposes and On October 8, 2020, the Yuen shares were sold for $4.30 per share. On November 16, 2020, 3,000 common...
-
Aero Inc. had the following statement of financial position at the end of operations for 2019: During 2020, the following occurred: 1. Aero liquidated its FV-NI investments portfolio at a loss of...
-
Consider the differential equation of motion for the free vibration of a damped single-degreeof-freedom system given by Show that Eq. (E.1) remains the same irrespective of the units used by...
-
Derive an expression for the time at which the response of a critically damped system will attain its maximum value. Also find the expression for the maximum response.
-
A shock absorber is to be designed to limit its overshoot to \(15 \%\) of its initial displacement when released. Find the damping ratio \(\zeta_{0}\) required. What will be the overshoot if...
Study smarter with the SolutionInn App