Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Keep using the same set of information to answer the question below. Income Statement HFT Corp. During the year of 2XX1 2XX2 Sales $1,200,000 $1,500,000

Keep using the same set of information to answer the question below.

Income Statement

HFT Corp.

During the year of 2XX1 2XX2

Sales $1,200,000 $1,500,000

Cost of Sales $ 360,000 $ 480,000

Gross Profit $ 840,000 $1,020,000

Payroll Exp. $ 300,000 $ 375,000

Gen. & Admin. $ 120,000 $ 150,000

Other Exp. $ 240,000 $ 300,000

(including Taxes)

Net Income $ 180,000 $ 195,000

=====================================

Balance Sheet

On Dec. 31 of 2xx1 2xx2

Total Assets $700,000 $800,000

Curr. Liabilities $50,000 $60,000

L/T Liabilities $150,000 $240,000

Owners' Equity $500,000 $500,000

30. Determine the investors' ROI in the 2xx2. Your answer should be in percentage (%). Round it to the first decimal. FYI, if your answer is 30%, provide "30.0" for your answer.

31. During the year of 2XX2, how many dollars of revenues were generated from $1 of the companys investments into its resources? Follow the same format as required in the previous numerical questions. If your answer is $50.00, provide just "50.00" for your answer.

32. If the company utilizes its resources in the next year at the same rate it did in the 2xx2, what amount of revenues will be generated in the next year? Its total assets will remain the same in the next year. Please do not put "$" or "," in your answer. Just the number is required. If your answer is $15,000; then just put 15000 for your answer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Health Care Finance Basic Tools For Nonfinancial Managers

Authors: Judith Baker

2nd Edition

0763726605, 9780763726607

More Books

Students also viewed these Finance questions

Question

Explain why SQL is called a set-oriented language.

Answered: 1 week ago

Question

=+ What is it like to work with this venture capital firm?

Answered: 1 week ago