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RVA Bowling as of December 31st 2019 RVA Bowling as of December 31st 2018 Net Sales $5,000,000.00 Net Sales $3,000,000.00 Variable Cost (75% of sales)
| RVA Bowling as of December 31st 2019 | RVA Bowling as of December 31st 2018 | |||||
| Net Sales | $5,000,000.00 | Net Sales | $3,000,000.00 | |||
| Variable Cost (75% of sales) | $3,750,000.00 | Variable Cost (75% of sales) | $2,250,000.00 | |||
| Gross profit | $1,250,000.00 | Gross profit | $750,000.00 | |||
| Fixed Cost | $100,000.00 | Fixed Cost | $100,000.00 | |||
| Earnings before interest, taxes dp and amort. | $1,150,000.00 | Earnings before interest, taxes dp and amort. | $650,000.00 | |||
| Depreciation | $35,000.00 | Depreciation | $35,000.00 | |||
| Net OP. Income (EBIT) | $1,115,000.00 | Net OP. Income (EBIT) | $615,000.00 | |||
| Interest | $12,000.00 | Interest | $12,000.00 | |||
| Earnings before taxes | $1,103,000.00 | Earnings before taxes | $603,000.00 | |||
| Taxes (40%) | $441,200.00 | Taxes (40%) | $241,200.00 | |||
| Net Income | $661,800.00 | Net Income | $361,800.00 | |||
| Find the following ratios | ||||||
| Inventory turnover | ||||||
| Total asset turnover | ||||||
| Net profit margin | ||||||
| Return on equity | ||||||
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ISE Managerial Accounting For Manager
Authors: Eric Noreen, Peter C. Brewer, Ray H. Garrison
6th Edition
1265118434, 9781265118433
