Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Maggie's Skunk Removal Corp's 2018 income statement listed net sales of $12.7 million, gross profit of $8.30 million, EBIT of $5.8 million, net income available

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Maggie's Skunk Removal Corp's 2018 income statement listed net sales of $12.7 million, gross profit of $8.30 million, EBIT of $5.8 million, net income available to common stockholders of $3.4 million, and common stock dividends of $14 million. The 2018 year-end balance sheet listed total assets of $527 million and common stockholders' equity of $21.2 million with 20 million shares outstanding. Calculate the gross profit margin(Round your answer to 2 decimal places.) Gross profit margin Calculate the operating profit margin (Round your answer to 2 decimal places.) Operating profit margin Calculate the profit margin (Round your answer to 2 decimal places.) Profit margin 3 Calculate the basic earnings power. (Round your answer to 2 decimal places.) 8 0136.27 Basic earnings power Skipped Calculate the return on assets. (Round your answer to 2 decimal places.) Return on assets Calculate the return on equity (Round your answer to 2 decimal places.) Return on equity SC 1 1 Muffin's Masonry, Inc.'s balance sheet lists net fixed assets as $20 million. The foxed assets could currently be sold for $31 million Muffin's current balance sheet shows current liabilities of $8.5 million and networking capital of $75 million. If all the current accounts were liquidated today, the company would receive $7.55 million cash after paying the $85 million in current liabilities What is the book value of Muffin's Masonry's assets today and the market value of these assets? (Enter your answer in millions of dollars rounded to 2 decimal places.) os BOOK VALUE MARKET VALUE (in millions of dollars) Current asset Fbed assets Total 5 0.005 0.00 10 You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances cash and marketable securities - $410,000, accounts receivable - $1,180,000 inventory = $2,080,000, accrued wages and taxes - $490,000; accounts payable - $790.000, and notes payable = $580,000. Calculate PattyCakes current ratio (Round your answer to 2 decimal places.) 25.242 Current ratio times Calculate Patty Cakes' quick ratio (Round your answer to 2 decimal places.) Quick ratio Calculate Patty Cakes cash ratio (Round your answer to 2 decimal places.) Cash to

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

Guide To Financial Instruments General Characteristics Of Bonds Chapter 1 General Characteristics Of Bonds

Authors: Professional Risk Managers' International Association (PRMIA)

1st Edition

0071731881, 9780071731881

More Books

Students also viewed these Finance questions