231. Asic's profit was $580,000; its net assets were $1,200,000; and its net sales were $3,000,000....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
231. Asic's profit was $580,000; its net assets were $1,200,000; and its net sales were $3,000,000. Calculate the profit margin. 232. Calculate the current ratio in each of the following cases. Case Current Assets Current Liabilities $400,000 $1,800,000 $1,100,000 1 2 3 14 5 $600,000 $200,000 $100,000 $40,000 $60,000 $45,000 $56,000 233. In October, Target-Mart had $975,000 in net credit sales and $275,000 in accounts receivable. Calculate the days' sales uncollected for October. 234. In April, Stride Rite had $4,875 million in sales and $990 million in accounts receivable. For the same period, Geox had $5,595 million in sales and $834 million in accounts receivable. Calculate the days' sales uncollected for both companies. Which company is doing a better job at managing collection of its receivables? 235. Tri-Sports had net sales of $765,000 and average total assets of $658,225. Calculate the total asset turnover. 236. Z-Caliber had income before interest and income tax expense of $125,000. Its interest expense was $65,000. Calculate the times interest earned ratio. 237. Tri-World had income before interest and income tax expense of $129,000. Its interest expense was $67,000. Calculate the times interest earned ratio. 238. Polka Dot Inc. has 300,000 shares authorized, 190,000 shares issued, and 15,000 treasury shares. It paid $0.34 per share in cash dividends. The market price is $18.97 per share. Calculate (1) the total dividends paid and (2) the dividend yield. 239. Xiao Inc. shares are selling for $38.75. This year it paid shareholders a $0.92 per share cash dividend. Xiao had earnings per share of $6.49 and 650,000 shares outstanding. Calculate the dividend yield. 240. Criptonite Corporation paid a cash dividend of $0.58 per share. It had 650,000 shares outstanding. Its earnings per share were $4.85 and the market price was $19.50 per share. Calculate the dividend yield. 241. Quantum Corp. had earnings per share of $6.32. It paid a $7.50 dividend per share to preferred shareholders, and a $2.50 dividend per share to common shareholders. There were 1,000 preferred shares outstanding and 6,000 common shares outstanding. The market price per common share was $25. Calculate the dividend yield for common shares. 242. Marko Inc. paid a cash dividend of $0.24 per share. There were 16,000 common shares issued, and 1,000 treasury shares. The market price per share was $17.18. Calculate the following: (1) the total amount of dividends paid to common shareholders and (2) the dividend yield. 243. Guido Corporation's shares are selling for $67.85 per share. Its earnings per share is $4.29. Calculate the price-earnings ratio. 244. Quick Motors Inc. had profit of $673,890. The market price per share was $12.90. There were 325,000 common shares outstanding. Calculate the price-earnings ratio. 245. Eoos had $1,189,000 in profit for the year. There were 150,000 common shares outstanding. The market price per share was $23.27. Calculate the price-earnings ratio. 246. Gluten Corporation had profit of $1,718,000. It paid preferred dividends of $65,000. There were 600,000 common shares outstanding. The market price per share was $59.46. Calculate the price-earnings ratio. 247. Lotsky Power Tools Corp had profit of $1,478,000. It paid $5,000 in preferred dividends. Lotsky had 200,000 common shares issued, and 8,000 treasury shares. The market price of Lotsky's shares was $38.25. Calculate the price-earnings ratio. 248. On January 1, BPA Corporation had 250,000 common shares outstanding, issued for $500,000, and retained earnings of $100,000. On January 1, BPA declared a 35% share dividend to holders of record on January 15, to be distributed on January 25. Fair market value of BPA common shares on January 1 was $20 per share. What is the book value per common share on January 26? 249. Alternative City had profit of $150,000 and average total assets of $312,700. Calculate its return on total assets. 250. Levaseur Corp had profit of $65,000, net sales of $287,900, and average total assets of $140,650. Calculate the profit margin, total asset turnover, and return on total assets. 2 231. Asic's profit was $580,000; its net assets were $1,200,000; and its net sales were $3,000,000. Calculate the profit margin. 232. Calculate the current ratio in each of the following cases. Case Current Assets Current Liabilities $400,000 $1,800,000 $1,100,000 1 2 3 14 5 $600,000 $200,000 $100,000 $40,000 $60,000 $45,000 $56,000 233. In October, Target-Mart had $975,000 in net credit sales and $275,000 in accounts receivable. Calculate the days' sales uncollected for October. 234. In April, Stride Rite had $4,875 million in sales and $990 million in accounts receivable. For the same period, Geox had $5,595 million in sales and $834 million in accounts receivable. Calculate the days' sales uncollected for both companies. Which company is doing a better job at managing collection of its receivables? 235. Tri-Sports had net sales of $765,000 and average total assets of $658,225. Calculate the total asset turnover. 236. Z-Caliber had income before interest and income tax expense of $125,000. Its interest expense was $65,000. Calculate the times interest earned ratio. 237. Tri-World had income before interest and income tax expense of $129,000. Its interest expense was $67,000. Calculate the times interest earned ratio. 238. Polka Dot Inc. has 300,000 shares authorized, 190,000 shares issued, and 15,000 treasury shares. It paid $0.34 per share in cash dividends. The market price is $18.97 per share. Calculate (1) the total dividends paid and (2) the dividend yield. 239. Xiao Inc. shares are selling for $38.75. This year it paid shareholders a $0.92 per share cash dividend. Xiao had earnings per share of $6.49 and 650,000 shares outstanding. Calculate the dividend yield. 240. Criptonite Corporation paid a cash dividend of $0.58 per share. It had 650,000 shares outstanding. Its earnings per share were $4.85 and the market price was $19.50 per share. Calculate the dividend yield. 241. Quantum Corp. had earnings per share of $6.32. It paid a $7.50 dividend per share to preferred shareholders, and a $2.50 dividend per share to common shareholders. There were 1,000 preferred shares outstanding and 6,000 common shares outstanding. The market price per common share was $25. Calculate the dividend yield for common shares. 242. Marko Inc. paid a cash dividend of $0.24 per share. There were 16,000 common shares issued, and 1,000 treasury shares. The market price per share was $17.18. Calculate the following: (1) the total amount of dividends paid to common shareholders and (2) the dividend yield. 243. Guido Corporation's shares are selling for $67.85 per share. Its earnings per share is $4.29. Calculate the price-earnings ratio. 244. Quick Motors Inc. had profit of $673,890. The market price per share was $12.90. There were 325,000 common shares outstanding. Calculate the price-earnings ratio. 245. Eoos had $1,189,000 in profit for the year. There were 150,000 common shares outstanding. The market price per share was $23.27. Calculate the price-earnings ratio. 246. Gluten Corporation had profit of $1,718,000. It paid preferred dividends of $65,000. There were 600,000 common shares outstanding. The market price per share was $59.46. Calculate the price-earnings ratio. 247. Lotsky Power Tools Corp had profit of $1,478,000. It paid $5,000 in preferred dividends. Lotsky had 200,000 common shares issued, and 8,000 treasury shares. The market price of Lotsky's shares was $38.25. Calculate the price-earnings ratio. 248. On January 1, BPA Corporation had 250,000 common shares outstanding, issued for $500,000, and retained earnings of $100,000. On January 1, BPA declared a 35% share dividend to holders of record on January 15, to be distributed on January 25. Fair market value of BPA common shares on January 1 was $20 per share. What is the book value per common share on January 26? 249. Alternative City had profit of $150,000 and average total assets of $312,700. Calculate its return on total assets. 250. Levaseur Corp had profit of $65,000, net sales of $287,900, and average total assets of $140,650. Calculate the profit margin, total asset turnover, and return on total assets. 2
Expert Answer:
Answer rating: 100% (QA)
231 The profit margin can be calculated by dividing the profit by the net sales and multiplying by 100 to express it as a percentage Profit Margin Profit Net Sales 100 Profit Margin 580000 3000000 100 ... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
Posted Date:
Students also viewed these finance questions
-
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
-
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...
-
Use Eq. (6) to estimate Af = f(3.53, 8.98) - f(3.5,9)
-
For the vulcanization of polyisoprene, compute the weight percent of sulfur that must be added to ensure that 10% of possible sites will be cross-linked; assume that, on the average, 3.5 sulfur atoms...
-
For each of the following costs, check the column(s) that most likelyapply: Cost Variable Fixed Raw materials Staples used to secure packed boxes of product Plant janitors' wages Ordar processing...
-
Suppose you are in an elevator that is accelerating upward at \(1 \mathrm{~m} / \mathrm{s}^{2}\). (a) Draw a free-body diagram for your body. (b) Determine the magnitude of the force exerted by the...
-
Parkview Magazine issued $690,000 of 15-year, 5% callable bonds payable on July 31, 2016, at 95. On July 31, 2019, Parkview called the bonds at 101. Assume annual interest payments. Requirements 1....
-
(d) For the following Boolean expression, give: i. The truth table F(a, b, c, d) = ( + b.d).(c.b.a. + .d) ii. The Karnaugh map iii. The minimal sum of products expression
-
Pam Co. owns 90% of the voting stock of Sam Co. and the two firms present consolidated financial statements. Pam Co. uses the equity method to account for its investment in Sam Co. Below is...
-
Describe Standard Bank's systems / operating procedures for calling on clients , servicing the clients and reporting on sales activities.
-
A friend of mine just told me, "The fact that cross-price elasticity of demand for sport shoes and socks is negative means that people often buy sport shoes and socks together. Is my friend correct?...
-
A manufacturer of dental implants observed that when it increased the number of dental implants and priced them differently, the overall sales increased. Explain this phenomenon?
-
Sales $ 1 5 9 , 0 0 0 , Variable costs $ 8 3 , 0 0 0 , Contribution margin $ 7 6 , 0 0 0 , fixed costs $ 9 1 , 0 0 0 and operating income ( loss ) $ - 1 5 , 0 0 0 , if it drops off the product line,...
-
During the weeks preceding "Black Friday", many retail stores reduce their prices. What is the factor affecting suppliers and consumers before Black Friday?
-
"Create a personalized typed summary sheet of all of the equations for each of the inventory model techniques. The summary sheet should include: a. The conditions under which the inventory model is...
-
A consumer magazine is evaluating five brands of trash compactors for their effectiveness in reducing the volume of typical household products that are discarded. In the experiment, each block...
-
Telamark Company uses the moving weighted average method for inventory costing. The following incomplete inventory sheet regarding Product W506 is available for the month of March 2014: Required:...
-
Journalize each of the following transactions assuming a perpetual inventory system. May 1 Purchased $1,200 of merchandise inventory; terms 1/10, n/30. 14 Paid for the May 1 purchase. 15 Purchased...
-
For the following five scenarios, identify the principle of internal control that is violated. Next, recommend what the business should do to ensure adherence to principles of internal control. 1....
-
A \(15.0-\mathrm{kg}\) block measures \(0.750 \mathrm{~m}\) top to bottom, and each horizontal face has an area of \(0.0125 \mathrm{~m}^{2}\). The block hangs, with its long central axis vertical,...
-
A hydrogen-filled balloon is used to lift a \(125-\mathrm{kg}\) stone off the ground. The basket holding the stone has a mass of \(15.0 \mathrm{~kg}\). What must the minimum radius \(R\) of the...
-
Initially, both legs of a mercury manometer are open to the atmosphere, and the mercury height in the left leg is \(40.0 \mathrm{~mm}\). You inflate a balloon until it has a surface area of \(0.300...
Study smarter with the SolutionInn App