Required information Use the following information for the Exercises below. {The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only proc Units Bold at Reta Units Acquired at Cost 195 unitse $12.00 - $2,340 155 units @ $21.00 Dace Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 120 units $11.00 - 1,320 135 units @ $21.00 290 units $10.50 - 605 units 3, 045 $6,705 290 units The Company uses a perpetual inventory system. For specific identification, ending Invent 290 are from the January 30 purchase. 5 are from the January 20 purchase, and 20 are fr Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 Required: 1. Complete comparative income statements for the month of January for Laker Company for the expenses are $1.800 and that the applicable income tax rate is 40% (Round your Intermediate c LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO LIFO Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income Prey income Revenues 03. 207 W 92, 186, 747 W239, 575, 376 W252, 176, 923 # 22, 726,092 W201, 866, 745 Current $348,5 48,3 229,2 Figures prepared in accordance with International Financial Reporting Stand Required: 1. What is the return on assets for Samsung in the (a) current year and (b) prio 2 Does Samsung's return on assets exhibit a favorable or unfavorable chang 3-a. Is Samsung's current-year return on assets better or worse than that for 3-b. Is Samsung's current-year return on assets better or worse than that for Complete this question by entering your answers in the tabs below. ho Required 1 Required 2 Required 3 What is the return on assets for Samsung in the (a) current year and (b) prior whole decimal place.) Samsung % (a) Current year (b) Prior year % Required 2 Required information Use the following information for the Exercises below. {The following information applies to the questions displayed below.) Laker Company reported the following January purchases and sales data for its only proc Units Bold at Reta Units Acquired at Cost 195 unitse $12.00 - $2,340 155 units @ $21.00 Dace Activities Jan. 1 Beginning inventory Jan. 10 Sales Jan. 20 Purchase Jan. 25 Sales Jan. 30 Purchase Totals 120 units $11.00 - 1,320 135 units @ $21.00 290 units $10.50 - 605 units 3, 045 $6,705 290 units The Company uses a perpetual inventory system. For specific identification, ending Invent 290 are from the January 30 purchase. 5 are from the January 20 purchase, and 20 are fr Exercise 5-4 Perpetual: Income effects of inventory methods LO A1 Required: 1. Complete comparative income statements for the month of January for Laker Company for the expenses are $1.800 and that the applicable income tax rate is 40% (Round your Intermediate c LAKER COMPANY Income Statements For Month Ended January 31 Specific Weighted Identification Average FIFO LIFO Sales Cost of goods sold Gross profit Expenses Income before taxes Income tax expense Net income Prey income Revenues 03. 207 W 92, 186, 747 W239, 575, 376 W252, 176, 923 # 22, 726,092 W201, 866, 745 Current $348,5 48,3 229,2 Figures prepared in accordance with International Financial Reporting Stand Required: 1. What is the return on assets for Samsung in the (a) current year and (b) prio 2 Does Samsung's return on assets exhibit a favorable or unfavorable chang 3-a. Is Samsung's current-year return on assets better or worse than that for 3-b. Is Samsung's current-year return on assets better or worse than that for Complete this question by entering your answers in the tabs below. ho Required 1 Required 2 Required 3 What is the return on assets for Samsung in the (a) current year and (b) prior whole decimal place.) Samsung % (a) Current year (b) Prior year % Required 2
