Question
Q1. XZY has net sales of 5,320,140; net income of 2,145,700; cost of goods sold 1,300,000; and EBIT 2,200,000. Calculate the gross profit and the
Q1. XZY has net sales of 5,320,140; net income of 2,145,700; cost of goods sold 1,300,000; and EBIT 2,200,000. Calculate the gross profit and the operating profit margin for the firm. (Show your calculations)
q2. Prepare a common sized Balance Sheet for the below Balance sheet? (Show your calculations) (1 Mark)- Ch 4
Cash | 21,000 |
Acct/Rec | 52,000 |
Inventories | 200,500 |
Current assets | 273,500 |
Net fixed assets | 132,000 |
Total assets | 405,500 |
Accts/Pay | 22,800 |
Accrued expenses | 21,000 |
Short-term N/P | 8,700 |
Current liabilities | 52,500 |
Long-term debt | 150,000 |
Total liabilities | 202,500 |
Owner's equity | 203,000 |
Total liabilities and owners equity | 405,500 |
Q3. ABC company generated total sales of $32,565,420 during fiscal 2021. Depreciation and amortization for the year totaled $1,278,120, and cost of goods sold was $21,400,000. Interest expense for the year was $6,341,250 and selling, general, and administrative expenses totaled $2,556,610 for the year. If the company's tax rate was average 30 percent, what is its net income after taxes? (Show your calculations)
Q4. BBB company had cash and marketable securities worth $400,134 accounts payables worth $2,490,357, inventory of $1,321,500, accounts receivables of $2,188,128, short-term notes payable worth $120,000, other current liabilities of 200,000, and other current assets of $521,800. What is the company's net working capital? (Show your calculations)
q5 In your own words, explain the difference between Brokers and Dealers? (Show your calculations)
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