Calculate the Return on Invested Capital Cash Receivables Inventory Total current assets Net fixed assets Total assets
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Cash Receivables Inventory Total current assets Net fixed assets Total assets Sales Cost of goods sold: Materials Labor Heat, light, and power Indirect labor Depreciation Roberts Manufacturing Balance Sheet December 31, 2014 (Dollars in Thousands) $ 200 245 625 $1,070 1,200 $2,270 Accounts payable Accruals Gross profit Selling expenses General and administrative expenses Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (40%) Net income (NI) Notes payable to bank Total current liabilities Long-term debt Common equity Total liabilities and equity Roberts Manufacturing Income Statement for Year Ended December 31, 2014 (Dollars in Thousands) $1,000 600 89 65 8 80 $ 205 115 425 $745 420 1,105 $2,270 $2,400 1,834 $566 175 216 $ 175 35 $140 56 $84 Cash Receivables Inventory Total current assets Net fixed assets Total assets Sales Cost of goods sold: Materials Labor Heat, light, and power Indirect labor Depreciation Roberts Manufacturing Balance Sheet December 31, 2014 (Dollars in Thousands) $ 200 245 625 $1,070 1,200 $2,270 Accounts payable Accruals Gross profit Selling expenses General and administrative expenses Earnings before interest and taxes (EBIT) Interest expense Earnings before taxes (EBT) Taxes (40%) Net income (NI) Notes payable to bank Total current liabilities Long-term debt Common equity Total liabilities and equity Roberts Manufacturing Income Statement for Year Ended December 31, 2014 (Dollars in Thousands) $1,000 600 89 65 8 80 $ 205 115 425 $745 420 1,105 $2,270 $2,400 1,834 $566 175 216 $ 175 35 $140 56 $84
Expert Answer:
Answer rating: 100% (QA)
Based on the information provided here are some calculations that can be made Current assets Cash ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
Data for Barry Computer Co. and its industry averages follow. Select the correct option based on Barry's strengths and weaknesses as revealed by your analysis. A. The firm's days sales outstanding is...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
In July 2011, the finale to the Harry Potter movie series, Harry Potter and the Deathly Hallows Part 2, from Time Warner Inc.s Warner Bros. Pictures, earned an estimated $ 307 million in 59 countries...
-
1. The following are selected accounts taken from the adjusted trial balances of the Purell Merchandise company on December 31, 2021: Inventory, January 1, 2021 Selling expenses Loss on sale of...
-
A 40.0-N force stretches a vertical spring 0.250 m. (a) What mass must be suspended from the spring so that the system will oscillate with a period of 1.00 s? (b) If the amplitude of the motion is...
-
Graph each ellipse. Give the domain, range, center, vertices, endpoints of the minor axis, and foci. x2 y2 16 25
-
One year ago, you sold a put option on 100,000 euros with an expiration date of 1 year. You received a premium on the put option of $.05 per unit. The exercise price was $1.22. Assume that 1 year...
-
Use the following information to determine this companys cash flows from investing activities. a. Equipment with a book value of $72,500 and an original cost of $158,000 was sold at a loss of...
-
Multigenerational families can be categorized as having two adult generations such as parents living with adult children, "skip" generation families, such as grandparents living with grandchildren,...
-
Prepare Trial Balance? Angela Mosely owns Innovative Designs. The Accounts and their balances for the Trial Balance of the first for January 31, 20X1, the first month of operation, are shown below....
-
Question 21 Not yet answered Marked out of 12 F Flag question XYZ Company is working on its direct labor budget for the next quarter (January, February and March). Each unit of product requires 0.4...
-
(a) Discuss the problems which joint products and by-products pose the management accountant, especially in his attempts to produce useful product profitability reports. Outline the usual accounting...
-
Discuss the changing role of China in the world economy. Does Chinas rise help or hurt people in developed countries? What about people in other emerging markets?
-
True or False. The equivalent mass of several masses at different locations can be found using the equivalence of kinetic energy.
-
What semiannual interest rate is required to produce an effective annual yield of 7.4%?
-
Discuss North America as a major marketplace and business center in the world economy.
-
Using resources like The Wall Street Journal or Google finance, find the latest values for each of the following market averages and indexes, and indicate how each has performed over the past six...
-
The following selected information was taken from Sun Valley Citys general fund statement of revenues, expenditures, and changes in fund balance for the year ended December 31, 2019: Revenues:...
-
Packers expects total sales of $697,500 for January and $345,000 for February. Assume that Packerss sales are collected as follows: 60% in the month of the sale 20% in the month after the sale 17%...
-
Neal Paper Co. produces the paper used by wallpaper manufacturers. Neals four-stage process includes mixing, cooking, rolling, and cutting. During September, the Mixing Department started and...
-
The adjusted trial balance of Bertrand Irrigation System at December 31, 2016, follows: Requirements 1. Prepare the companys income statement for the year ended December 31, 2016. 2. Prepare the...
-
How many months does it take to save $200,000.00 based on the information provided in this problem?---
-
What is the amount oi the credit to employee city income tax payable?
-
Milat is the total yearly gross pay for all employees?
Study smarter with the SolutionInn App