The comparative financial statements for Chinook Company are below Income statement Sales revenue Cost of goods...
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The comparative financial statements for Chinook Company are below Income statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (interest rate: 12%) Common stock ($5 par value, 6,100 shares outstanding) Retained earnings Year 2 Year 1 $ 192,000 112,500 $ 167,500 100,200 79,500 67,300 56,200 53,100 23,300 14,200 8,200 4,100 $ 15,100 $ 10,100 $ 7,100 $ 4,200 14,100 40,200 45,300 $ 103,800 $ 16,100 45,100 30,500 18,100 34,400 38,200 $ 97,800 $ 17,100 45,100 30,500 12,100 5,100 Total liabilities and stockholders' equity $ 103,800 $ 97,800 Compute component percentages for Year 2. Note: Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). CHINOOK COMPANY Income Statement Component Percentages Sales revenue Cost of goods sold Gross profit Operating expenses Pretax income Income taxes Net income Year 2 % % do do % % Income Statement Balance Sheet Compute component percentages for Year 2. Note: Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets CHINOOK COMPANY Balance Sheet Current liabilities Long-term liabilities (interest rate: 12%) Common stock ($5 par value, 6,100 shares outstanding) Retained earnings Total liabilities and stockholders' equity Component Percentages Year 2 % % % 0.00% % % % % 0.00% 2. Compute return on assets, total asset turnover, and the net profit margin for Year 2. Note: Round your answers to 2 decimal places. Return on assets Total asset turnover Net profit margin % % The comparative financial statements for Chinook Company are below Income statement Sales revenue Cost of goods sold Gross profit Operating expenses and interest expense Pretax income Income tax Net income Balance sheet Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets Current liabilities (no interest) Long-term liabilities (interest rate: 12%) Common stock ($5 par value, 6,100 shares outstanding) Retained earnings Year 2 Year 1 $ 192,000 112,500 $ 167,500 100,200 79,500 67,300 56,200 53,100 23,300 14,200 8,200 4,100 $ 15,100 $ 10,100 $ 7,100 $ 4,200 14,100 40,200 45,300 $ 103,800 $ 16,100 45,100 30,500 18,100 34,400 38,200 $ 97,800 $ 17,100 45,100 30,500 12,100 5,100 Total liabilities and stockholders' equity $ 103,800 $ 97,800 Compute component percentages for Year 2. Note: Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). CHINOOK COMPANY Income Statement Component Percentages Sales revenue Cost of goods sold Gross profit Operating expenses Pretax income Income taxes Net income Year 2 % % do do % % Income Statement Balance Sheet Compute component percentages for Year 2. Note: Enter your answers as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34). Cash Accounts receivable (net) Inventory Property and equipment (net) Total assets CHINOOK COMPANY Balance Sheet Current liabilities Long-term liabilities (interest rate: 12%) Common stock ($5 par value, 6,100 shares outstanding) Retained earnings Total liabilities and stockholders' equity Component Percentages Year 2 % % % 0.00% % % % % 0.00% 2. Compute return on assets, total asset turnover, and the net profit margin for Year 2. Note: Round your answers to 2 decimal places. Return on assets Total asset turnover Net profit margin % %
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