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- Global Corp. expects sales to grow by 8% next year. Using the percent of sales method and the data provided in the given tables 9. forecast: a. Costs except depreciation b. Depreciation c. Net income d. Cash e. Accounts receivable f. Inventory g. Property, plant, and equipment h. Accounts payable (Note: Interest expense will not change with a change in sales. Tax rate is 25%.) The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. a. Costs except depreciation The forecasted costs except depreciation will be S million. (Round to one decimal place and enter all numbers as a positive.) b. Depreciation The forecasted depreciation will be S million. (Round to one decimal place and enter all numbers as a positive.) c. Net income The forecasted net…The following information is from Lacy's Inc. $ millions Prior Fiscal Year Current Fiscal Year Net Year-End Assets Revenue Income $21,330 14,403 $18,955 $1,070 a. Compute the asset turnover ratio for the current fiscal year. b. Compute the return on assets ratio for the current fiscal year. Numerator a. Asset Turnover Ratio $ Check b. Return on Assets Ratio $ Numerator Denominator / $ Denominator / $ || Result ResultOperating profit 43-7 Sales revenue 910-4 Share capital and reserves 182-3 Long-term borrowing 77-9 Inventory 46-2 Receivables 97-8 Payables 51:3 Calculate the following: GReturn on Cepitatemployest (i Assetturnover (ii) Current ratio (iv) Acid test (quick) ratio
- Asset turnover A company reports the following: Sales $858,000Average total assets (excluding long-term investments) 572,000Determine the asset turnover ratio. If required, round your answer to one decimal place.fill in the blank 1Asset turnover A company reports the following: Sales $1,284,150 Average total assets (excluding long-term investments) 611,500 Determine the asset turnover ratio. If required, round your answer to one decimal place.Asset turnover A company reports the following: Sales $1,189,650 Average total assets (excluding long-term investments) 566,500 Determine the asset turnover ratio. If required, round your answer to one decimal place.fill in the blank 1
- Balance Sheet Year ending Year ending 12/31/2005 12/31/2006 Assets ($ in thousands of dollars) Current Assets Cash $ 2,081 $ 2,540 Marketable Securities 1,625 1,800 Accounts Receivable 16,850 18,320 Inventories 26,470 27,530 Total Current Assets 47,026 50,190 Long-Term Assets Property & Equipment at cost 39,500 43,100 Less Accumulated Depreciation 9,500 11,400 Net Property & Equipment 30,000 31,700 Total Long-Term Assets 30,000 31,700 TOTAL ASSETS $…Given, Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000 i) Calculate the operating cash flow ii) Calculate the cash flow to creditorsTwenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Asset turnover
- QUESTION 1 Below are the statements of Financial Position for Grace Ltd as at 31 December, 2009 and 31 December, 2008 and the Statement of Profit or Loss and Other Comprehensive Income for the year ended 31 December, 2009. 2009 2008 ASSETS GHS'000 GHS'000 Non-current assets Tangible assets Intangible assets 832 681 1,415 817 2,247 1,498 s Current assets Inventory 619 701 Receivables 584 492 Investments 396 125 Cash 17 81 1,616 1,399 Total assets 3,863 2,897 EQUITY AND LIABILITIES Equity Equity shares (GHS1) Revaluation surplus Retained earnings 500 300 150 40 1,924 1494 2.574 1,834 Non-current liabilities Provision for court case 73 50 5% Debentures 220 88 293 138 .Current liabílities Interest payable Bank Dividends payable Tax payable Trade payables 100 30 60 81 140 238 226 517 529 996 925 Total equity and liabilities 3.863 2,89718 eppertree Company’s financial statements on December 31, 2021, showed the following: Net Sales $ 550,000 Fixed Assets, January 1 $ 146,000 Fixed Assets, December 31 $ 134,000 Total Assets, January 1 $ 194,000 Total Assets, December 31 $ 200,000 What is the fixed asset turnover for 2021? Multiple Choice 3.93 2.60 4.10 2.79prepare common size income state for this company Frontier Communications Fiscal year is January-December. All values USD Millions. 2020 Sales/Revenue 7,155 Sales Growth -11.74% Cost of Goods Sold (COGS) incl. D&A 4,299 COGS excluding D&A 2,701 Depreciation & Amortization Expense 1,598 Depreciation 1,255 Amortization of Intangibles 343 COGS Growth -11.12% Gross Income 2,856 Gross Income Growth -12.66% Gross Profit Margin 39.92% SG&A Expense 1,648 Other SG&A 1,648 SGA Growth -8.65% EBIT 1,208 Unusual Expense 568 Non Operating Income/Expense -368 Non-Operating Interest Income 4 Interest Expense 762 Interest Expense Growth -50.36% Gross Interest Expense 762 Interest Capitalized - Pretax Income -486 Pretax Income Growth 92.55% Pretax Margin -6.79% Income Tax -84 Income Tax - Current Domestic 7 Income Tax - Deferred Domestic -91 Other After Tax Income (Expense) - Consolidated Net Income -402 Net Income…
