If you are told that LSJ Company’s net income (12/31/2023) was $1,000,000 and net income (12/31/2022) was $500,000 …Applying your horizontal analysis tools and calculate the net increase in dollars and in a percentage year over year:
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If you are told that LSJ Company’s net income (12/31/2023) was $1,000,000 and net income (12/31/2022) was $500,000 …Applying your horizontal analysis tools and calculate the net increase in dollars and in a percentage year over year:
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- Begin by calculating the gross profit for each year, then prepare a horizontal analysis of revenues and gross profitlong dash—both in dollar amounts and in percentageslong dash—for 20192019 and 20182018. (Enter amounts in millions as provided to you in the problem statement. Round the percentages to one decimal place, X.X%. Use a minus sign or parentheses to indicate a decrease.) McDonald Corp. Income Statement - (Partial) Years Ended December 31, 2019 and 2018 (Amounts in millions) 2019 2018 2017 Revenues $9,575 $9,300 $8,975 Cost of Goods Sold 6,250 6,000 5,890 Gross ProfitAssume that sales revenue in 2022 changed to $755,00 and cost of goods changed to $512,000. Income tax rate is 30%. Show the impact of these changes on the vertical analysis of the income statement.C Company has the following data for the year ending 12/31/2020 (dollars are in thousands): Net income = $600; EBIT = $1,184; Total assets = $3,000; Short-term investments = $200; Total capital employed = $2,193; and tax rate = 30%. The company’s WACC is 11.07%. What was its Economic Value Added (EVA) for the year 2020? Round your answer to the nearest dollar. Group of answer choices: $583 $586 $577 $572 $580
- Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%If you are told that LSJ Company’s net income (12/31/2023) increased 55% when compared to net income (12/31/2022) …this would represent an example of what type of analysis: a. Vertical Analysis b. Horizontal Analysis c. Ratio AnalysisApplying horizontal analysis, show the percentage change from 2019 to 2020 with 2019 as the base year. Comparative data for Why Is Everything Chrome's corporation for the two-year period 2019-2020 are given as follows: Income Statement Data 2019 2020 P 1,400,000.00 840,000.00 560,000.00 P 800,000.00 440,000.00 360,000.00 130,000.00 30.000.00 P 200,000.00 80.000.00 P 120,000.00 Net sales Cost of goods sold Gross profit Selling, general, and other expenses Income tax expense Net income 400,000.00 40,000.00 P 120,000.00 80,000.00 P 40.000.00 Dividends paid Net increase in retained earnings Balance Sheet Data 2019 2020 Assets P 540,000.00 800.000.00 P1.340.000.00 P 440,000.00 720.000.00 P1.160,000.00 Current assets Land, buildings, and equipments Total assets Liabilities and stockholder's equity Current liabilities 300,000.00 320,000.00 480,000.00 240.000.00 P1,340,000.000 240,000.00 320,000.00 400,000.00 200,000.00 P 1,160,000.00 P P Bonds payable (8%) Common stock (P5 par) Retained…
- In the provided income statement image, can you plz calculate the profitability ratios: Gross Profit Margin for the 3 years (2021, 2020, 2019) and Profit Margin for 3 years) and could you discuss and explain the gross profit margin and profit margin and overall the company's profitability (or lack thereof). also please can you show your calculations for the 3 years for each ratioWhat is the year-over-year revenue change percent? Use the attached financial data to calculate the ratios for 2022. Round to the nearest decimal. Abercrombie & Fitch Co (ANF) Financial Data Revenues Cost of Sales Total Operating Expenses Interest Expense Income Tax Expense Diluted Weighted Shares Outstanding Cash + Equivalents Accounts Receivable Inventories Total Current Assets Total Assets Accounts Payable Total Current Liabilities Total Stockholders' Equity ANF Stock Price = $10.30 Select one O A. 5.3% B. 14.4% C. -1.4% O D. -3.5% 2022 $3,659.3 $1,545.9 $2,026.9 $28.5 $37.8 52.8 $257.3 $108.5 $742.0 $1,220.4 $2,694.0 $322.1 $935.5 $656.1 2021 $3,712.8 $1,400.8 $1,968.9 $34.1 $38.9 62.6 $823.1 $69.1 $525.9 $1,507.8 $2,939.5 $374.8 $1,015.2 $826.1For the year ended December 31, 2022, Settles Incorporated earned an ROI of 8.8 %. Sales for the year were $9 million, and average asset turnover was 2.2. Average stockholders' equity was $2.9 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income % b. Return on equity %
- Please describe what is meant by “Times Interest Earned.” How is it calculated? Suppose you calculated this ratio for a company for two consecutive years and the results were the following: year 2018 – 24.0 year 2017 – 28.0 Please interpret the results. What conclusions can you draw?Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52% O 11.66%Helo Company has provided the following data: Sales, P5,000,000; Interest expense, P30,000; Total assets, beginning of the year, P185,000; Total assets, end of the year, P215,000; Return on assets, 15.5%; Tax rate, 30%. What is the net income of Helo Co.? show solutions