Question

In: Finance

Selected data from the financial statements of KRJ Manufacturing are presented below. Calculate the gross profit...

Selected data from the financial statements of KRJ Manufacturing are presented below. Calculate the gross profit margin, presenting your answer in percentage terms, rounded to two decimal places. e.g. 20.00%.

Sales $107,262

Cost of goods sold $51,727

Operating profits (EBIT) $32,852

Earnings before taxes (EBT) $28,308

Net profits $18,706

Tax expense 8,310

Depreciation expense $14,562

Total assets, beg of year $89,075

Total assets, end of year $83,449

Total equity, beg of year $42,951

Total equity, end of year $40,310

Cash flow from operations $28,084

Expert Solution

Gross profit=Sales-Cost of goods sold

=107,262-51,727

=$55535

Gross profit margin=Gross profit/Sales

=55535/107,262

=51.78%(Approx)

jeff jeffy answered 2 years ago

Selected data from the financial statements of KRJ Manufacturing are presented below. Calculate the return on...

Selected data from the financial statements of KRJ Manufacturing are presented below. Calculate the return on assets for the year, presenting your answer in percentage terms, rounded to two decimal places. e.g. 20.00%. Sales $117,358 Gross profits $51,639 Operating profits (EBIT) $32,879 Earnings before taxes (EBT) $25,389 Net profits $24,739 Tax expense 8,000 Depreciation expense $13,207 Total assets, beg of year $80,302 Total assets, end of year $99,082 Total equity, beg of year $46,237 Total equity, end of year $53,675...

Given the selected financial statement data presented below, calculate the Altman Z-score for KRJ Enterprises. From...

Given the selected financial statement data presented below, calculate the Altman Z-score for KRJ Enterprises. From the balance sheet, current assets of $540 million, total assets of $1,454 million, current liabilities of $262 million, total liabilities of $878 million, and total equity of $500 million, which includes retained earnings of $370 million. From the income statement, sales of $1,008 million, operating income (EBIT) of $322 million, and net income of $163 million. The company has 36 million shares of common...

Given the selected financial statement data for KRJ Enterprises presented below, calculate the debt-to-capital ratio, using...

Given the selected financial statement data for KRJ Enterprises presented below, calculate the debt-to-capital ratio, using total financial debt in the numerator. Present your answer in percentage terms, rounded to two decimal places, e.g., 20.00%. Cash $122 Short-term investments $209 Accounts receivable $438 Inventory $515 Other current assets $171 Fixed assets (net) $1,027 Intangible assets $205 Long-term investments $316 Total assets $3,052 Short-term debt $161 Current portion of long-term debt $57 Accounts payable $259 Accrued liabilities $232 Other current liabilities...

Selected financial statement data (in $ thousands) for KRJ Enterprises are listed below, calculate the interest...

Selected financial statement data (in $ thousands) for KRJ Enterprises are listed below, calculate the interest coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00. Sales $10,183 Cost of goods sold 5,676 Cash operating expenses 1,844 Depreciation expense 497 Interest expense 174 Tax expense 213 Footnotes report that $240 of lease expenses are included in cash operating expenses, $26 of interest expenditures were capitalized during the year, and $538 of debt was repaid during the year.

Selected financial statement data for KRJ Enterprises are listed below. Calculate the debt service coverage ratio....

Selected financial statement data for KRJ Enterprises are listed below. Calculate the debt service coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00. Sales $12,866 Cost of goods sold 9,015 Cash operating expenses 1,969 Depreciation and amortization expense 327 Interest expense 171 Tax expense 232 Footnotes report that $165 of lease expenses are included in cash operating expenses, $21 of interest expenditures were capitalized during the year, and $296 of debt was repaid during the year.

Selected financial statement data for KRJ Enterprises are listed below, calculate the EBITDA coverage ratio. Present...

Selected financial statement data for KRJ Enterprises are listed below, calculate the EBITDA coverage ratio. Present your answer rounded to two decimal places. e.g. 20.00. Sales $12,341 Cost of goods sold 7,642 Cash operating expenses 2,168 Depreciation and amortization expense 359 Interest expense 184 Tax expense 220 Footnotes report that $239 of lease expenses are included in cash operating expenses, $72 of interest expenditures were capitalized during the year, and $4,387 of debt was repaid during the year.

Using the financial data below calculate the following ratios: 1) Gross Profit Margin; 2) Net Profit...

Using the financial data below calculate the following ratios: 1) Gross Profit Margin; 2) Net Profit Margin; 3) Return on Assets; 4) Days Sales Outstanding; 5) Quick Ratio. For EACH of these five ratios do the following: 1) calculate the value and 2) interpret the value in about one sentence. TO RECEIVE ANY CREDIT YOU MUST SHOW YOUR WORK, WITHIN THE PROVIDED WORK SPACE. FINAL ANSWERS ONLY WILL NOT CUT IT! Balance Sheet ASSETS LIABILITIES Cash: $1,160,000 Current Liabilities: $173,000 A/R: 335,000 Non-current...

Gross Profit Percentage The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars,...

Gross Profit Percentage The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.) 2016 Sales revenue $209,500 Cost of goods sold 125,500 Net income 8,300 Dividends 2,600 Earnings per share 4.15 Hi-Tech Instruments, Inc. Balance Sheet (Thousands of Dollars) Dec. 31, 2016 Dec. 31, 2015 Assets Cash $18,300 $18,000 Accounts receivable (net) 46,000 41,000 Inventory 39,500 43,700 Total current assets 103,800 102,700 Plant assets (net) 52,600 50,500 Other assets 15,600 13,800 Total assets...

ssume the data presented below are from the financial statements of JetBlue and Southwest Airlines. ($...

ssume the data presented below are from the financial statements of JetBlue and Southwest Airlines. ($ millions) Jet Blue Airways Southwest Airlines Total Liabilities, 2013 $4,059 $10,326 Total Liabilities, 2012 5,003 8,815 Total Assets, 2013 6,593 15,463 Total Assets, 2012 6,549 14,269 Revenue, 2013 3,779 12,104 Net Income, 2013 237 629 Required a. Compute the return on equity ratio for JetBlue and Southwest for 2013. (Round your answer to one decimal place.) JetBlue Airways Answer% Southwest Airlines Answer% Which company...

Shown below are selected data from the financial statements of planet Company, a retain lighting store

Shown below are selected data from the financial statements of planet Company, a retain lighting store.From the Balance Sheet:Cash................................................................................................... $ 40,000Accounts receivable........................................................................... 165,000Inventory............................................................................................ 215,000Plant assets (net of accumulated depreciation).................................. 600,000Current liabilities............................................................................... 185,000Total stockholders’ equity................................................................. 400,000Total assets........................................................................................ 1,200,000From the Income Statement:Net sales............................................................................................. $2,000,000Cost of goods sold............................................................................. 1,600,000Operating expenses............................................................................ 300,000Interest expense................................................................................. 75,000Income taxes expense........................................................................ 5,000Net income......................................................................................... 20,000From the Statement of Cash Flows:Net cash provided by operating activities(including interest paid of $68,000)............................................... $ 42,000Net cash used in investing activities.................................................. (49,000)Financing activities:Amounts borrowed................................................. $...