Compute four ratios ( ROS, ROA, ROE,EPS) that measure ability to earn profits for Dominion Decor Inc.
Fantastic news! We've Found the answer you've been seeking!
Question:
Compute four ratios ( ROS, ROA, ROE,EPS) that measure ability to earn profits for Dominion Decor Inc. whose comparative income statement follows
Did the company's operating performance improve or deteriorate during 2020?
Transcribed Image Text:
Comparative income statement Dominion Decor Inc. Comparative Income Statement For the Years Ended December 31, 2020, and 2019 (in thousands) 2020 Net sales Cost of goods sold Gross profit Selling and general expenses Income from operations Interest expense Income before income tax Income tax expense Net income $ 193,000 91,000 102,000 46.400 55,600 10,000 2019 $ 159,000 78,500 45,600 9.950 $ 35,650 $ - 80,500 39.000 41,500 12,100 29.400 9,100 20,300 X Comparative income statement Dominion Decor Inc. Comparative Income Statement For the Years Ended December 31, 2020, and 2019 (in thousands) 2020 Net sales Cost of goods sold Gross profit Selling and general expenses Income from operations Interest expense Income before income tax Income tax expense Net income $ 193,000 91,000 102,000 46.400 55,600 10,000 2019 $ 159,000 78,500 45,600 9.950 $ 35,650 $ - 80,500 39.000 41,500 12,100 29.400 9,100 20,300 X Comparative income statement Dominion Decor Inc. Comparative Income Statement For the Years Ended December 31, 2020, and 2019 (in thousands) 2020 Net sales Cost of goods sold Gross profit Selling and general expenses Income from operations Interest expense Income before income tax Income tax expense Net income $ 193,000 91,000 102,000 46.400 55,600 10,000 2019 $ 159,000 78,500 45,600 9.950 $ 35,650 $ - 80,500 39.000 41,500 12,100 29.400 9,100 20,300 X Comparative income statement Dominion Decor Inc. Comparative Income Statement For the Years Ended December 31, 2020, and 2019 (in thousands) 2020 Net sales Cost of goods sold Gross profit Selling and general expenses Income from operations Interest expense Income before income tax Income tax expense Net income $ 193,000 91,000 102,000 46.400 55,600 10,000 2019 $ 159,000 78,500 45,600 9.950 $ 35,650 $ - 80,500 39.000 41,500 12,100 29.400 9,100 20,300 X
Expert Answer:
Answer rating: 100% (QA)
Return on Sales ROS can be calculated by formula Net Income Preferred Dividends Net Sales 100 For 20... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0134564142
6th Canadian edition
Authors: Walter Jr. Harrison, Charles T. Horngren, C. William Thomas, Greg Berberich, Catherine Seguin
Posted Date:
Students also viewed these accounting questions
-
Compute return on sales (ROS), asset turnover (AT), return on assets (ROA), leverage (L), return on common stockholders equity (ROE), gross profit (GP), operating income percentage (OI), and earnings...
-
Compute return on sales (ROS), asset turnover (AT), return on assets (ROA), leverage (L), return on common stockholders equity (ROE), gross profit (GP), operating income percentage (OI), and earnings...
-
For 2016 and 2015, compute return on sales (ROS), asset turnover (AT), return on assets (ROA), leverage (L), return on common stockholders' equity (ROE), gross profit percentage (GP), operating...
-
In MySQL, Useing ClassicModels database below, how do I script it to display ProductLine total_sales by region like this; a. Region-1 i. Productline-1 ---- Total Sales ii. Productline-2 ---- Total...
-
Describe three alternative ways to dispose of under or over allocated overhead costs.
-
A 2-in.-diameter sphere weighing \(0.14 \mathrm{lb}\) is suspended by the jet of air shown in Fig. P9.88. The drag coefficient for the sphere is 0.5. Determine the reading on the pressure gage if...
-
Find a case in California that discusses discovery abuse. What was the abuse? Were there sanctions given by the court against one party for the abuse?
-
The postanesthesia care area (recovery room) at St. Lukes Hospital in Maumee, Ohio, was recently enlarged. The hope was that with the enlargement the mean number of patients per day would be more...
-
A. Compare and contrast transaction exposure, economic exposure and translation exposure. For each type of exposure explain at least one technique used by multinational corporations to manage this...
-
CASE #3 SUPPLY CHAIN MANAGEMENT LEARNING OBJECTIVES 1 Definition and main terms of Supply Chain Management in organization. 2 Definition of Supply Chain Manager and description of the main duties...
-
Santa Maria Village received voter approval to issue bonds for construction of a bike path, Including restrooms and picnic sheiters, along village oceanfront. The finance department has discussed...
-
1.Simplify using the correct arithmetic order of operations. 52 - 16.5 + (19 - 11) 2 2. A 128-pound person is holding 5 identical bags of potatoes and, when he stands on a scale, it reads 191 pounds....
-
Find the amount of interest earned on $3700 invested at simple interest rate of 5% for 8 years. 5. There are 45 red balls and 15 white balls in a bag. If you reach into the bag and select one ball at...
-
(Please add more information to this product than what I have put in the our product section!) and list the websites you used :) Product: Absolute Dahlia Our Product: we are going to create for our...
-
Question 3. Prove by induction the identity (n+1)(n+2)... (2n-1) 2n 1.3.5.... (2n-1) for any natural n. 2n
-
Write a java GUI program to draw the picture of a house as shown below. Hint: You can draw different shapes (line, triangle, rectangle, and square) to accomplish this. 10 Note: You are free to scale...
-
Did I support my position convincingly? Which of the points make the most sense to u? Any other opinions u may have I have created both of these and would like feedback to better my understanding...
-
Suppose that you are part of a virtual team and must persuade other team members on an important matter (such as switching suppliers or altering the project deadline). Assuming that you cannot visit...
-
Refer to Canadian Tire's financial statements in Appendix A at the end of the book to answer the following questions. Show amounts in millions. 1. Three important pieces of inventory information are...
-
The trial balance of You Build Inc. at December 31, 2017, does not balance. Requirements 1. How much out of balance is the trial balance? Determine the out-of-balance amount. The error lies in the...
-
Refer to problem P3-46A. 1. Use the Marciano Ltd. data in problem P3-46A to prepare the company's classified balance sheet at March 31, 2017. Show captions for total assets, total liabilities, and...
-
CrossCanada Transport Inc. (CC) provides warehouse and distribution services. The excerpts that follow are adapted from CC's financial statements for fiscal year 2020. {Requirements} 1. How much was...
-
Part 1. The Coca-Cola Company's (CCC) balance sheet reports the asset Goodwill. Assume that CCC purchased an asset to be included in Goodwill as part of the acquisition of another company, which...
-
At the end of 2019, a telecommunications company had total assets of \(\$ 15.3\) billion and total liabilities of \(\$ 10.7\) billion. Included among the assets were property, plant, and equipment...
Study smarter with the SolutionInn App