Question
In: Accounting
1. Interpret the table trend year by year comparing both company NP before tax? Net profit...
1. Interpret the table trend year by year comparing both company NP before tax?
|
Net profit before tax |
Yr 2015 | Yr 2016 | Yr 2017 | Yr 2018 | Yr 2019 | |
|
ABC Ltd |
1,577,816 |
2,329,767 |
2,061,769 |
1,373,517 |
1,302,697 |
|
|
XYZ Ltd |
2,168,564 |
2,412,228 |
2,331,999 |
2,669,716 |
2,994,449 |
Solutions
ekkarill92 answered 2 years agoRelated Solutions
1. Interpret the tables trend year by year comparing both company? OPEX - Product expension YR...
1. Interpret the tables trend year by year comparing both
company?
OPEX - Product expension
YR
2015
YR
2016
YR
2017
YR
2018
YR
2019
ABC Ltd
5,630,473.00
6,077,410.00
5,482,371.00
4,444,446.00
3,022,952.00
XYZ Ltd
26,636.00
33,166.00
58,641 .00
57,677.00
61,173.00
Interpret the tables trend for revenue, expense & dividend year by year comparing both company? Revenue...
Interpret the tables trend for revenue, expense & dividend
year by year comparing both company?
Revenue
YR 2020
YR 2021
YR 2022
ABC Ltd
2138935.4
2117546.05
1905791.44
XYZ Ltd
2595389.4
2465619.93
1232809.97
Expense
YR 2020
YR 2021
YR 2022
ABC Ltd
42821.1
29974.77
20982.339
XYZ Ltd
2116066.4
1481246.48
1036872.54
Dividend
YR 2020
YR 2021
YR 2022
ABC Ltd
397200
297900
223425
XYZ Ltd
296243.64
293281.204
290348.392
Compute and interpret the net-operating profit after tax (NOPAT) of the company for 2018 and 201
Balance sheet
Items
2019
2018
Cash
8,313
11,604
Marketable securities
696
618
Account receivables
23,795
30,563
Inventory
1,619
1,682
Prepaid expenses
3,997
4,678
Net Fixed Assets
96,457
68,764
Investment in AB Co. stocks
17,309
5,473
Account payables
24,600
21,372
Wages and salaries payable
13,101
16,855
Bond payable (10 yrs.)
54,102
35,605
Notes payable (3 yrs.)
39,398
32,621
Total shareholders’ Equity Capital
20,985
16,929
B. Income statement
Items
2019
2018
Revenues
77,147
79,591
Cost of goods sold
40,659
42,655
Salaries...
Skylar Ltd commenced operations on 1 July 2016. It disclosed a net profit before tax of...
Skylar Ltd commenced
operations on 1 July 2016. It disclosed a net profit before tax of
$90,000 for the year ended 30 June 2017.
This profit was determined
after charging the following items:
Impairment loss-
goodwill
$4,000
Depreciation of Plant &
Equipment
$15,000
Depreciation of motor
vehicles
$5,000
Doubtful
Debts
$5,000
Increase in Provision for
Employee Entitlements
$12,000
On 30 June 2017, the
accounting and taxation records disclosed the
following:
Carrying Amount
Tax Base
ASSETS...
S&J Plumbing, Incorporated's income statement shows a net profit before tax of $468 and net sales...
S&J Plumbing, Incorporated's income statement shows a net
profit before tax of $468 and net sales of $7,482 for 2010. Total
assets are at $3,244. The balance sheet lists the company’s equity
for fiscal year ending 2010 as $1,746.
Calculate the following ratios for this company:
Return on sales ratio (net profit margin)
Return on assets (ROA)
Return on equity (ROE)
What make S&J Plumbing, Inc efficient?
Accounting for income tax The accounting profit before tax for the year ended 30 June 2017...
Accounting for income tax
The accounting profit before tax for the year ended 30 June 2017
for Aldee Ltd amounted to $235,000. It included the following
income and expense items:
$
Royalties (exempt
income)
15,000 CR
Interest
revenue
16,000 CR
Annual leave
expense
9,000 DR
Doubtful debts
expense
3,800 DR
Depreciation -
plant (15% per year, straight-line)
47,250 DR
Depreciation -
motor vehicles (20% per year, straight-line)
20,000 DR
Insurance
expense
14,000 DR
Rent expense
42,000 DR
Warranty
expense...
Exhibit 1 Flight Plan Consulting, Inc. Sales and Earnings Trend Year Sales Net Income After-Tax...
Exhibit 1
Flight Plan Consulting, Inc.
Sales and Earnings Trend
Year
Sales
Net Income After-Tax
EPS
1992
$2,000,000
$240,000
$0.60
1993
2,750,000
338,000
0.84
1994
3,200,000
384,000
0.96
1995
5,000,000
575,000
1.44
1996
5,700,000
600,000
1.50
1997
6,200,000
713,000
1.78
1998
7,300,000
803,000
2.00
1999
8,500,000
860,000
2.15
2000
9,100,000
900,000
2.25
2001
10,300,000
912,720
2.28
Exhibit 2
Flight Plan Consulting, Inc.
Balance Sheet
December 31, 2001
($000’s)
Current Assets
$1,500
Current Liabilities
$400
Fixed Assets
1,500
Long-Term Debt...
Exhibit 1 Flight Plan Consulting, Inc. Sales and Earnings Trend Year Sales Net Income After-Tax...
Exhibit 1
Flight Plan Consulting, Inc.
Sales and Earnings Trend
Year
Sales
Net Income After-Tax
EPS
1992
$2,000,000
$240,000
$0.60
1993
2,750,000
338,000
0.84
1994
3,200,000
384,000
0.96
1995
5,000,000
575,000
1.44
1996
5,700,000
600,000
1.50
1997
6,200,000
713,000
1.78
1998
7,300,000
803,000
2.00
1999
8,500,000
860,000
2.15
2000
9,100,000
900,000
2.25
2001
10,300,000
912,720
2.28
Exhibit 2
Flight Plan Consulting, Inc.
Balance Sheet
December 31, 2001
($000’s)
Current Assets
$1,500
Current Liabilities
$400
Fixed Assets
1,500
Long-Term Debt...
After-Tax Profit Targets Olivian Company wants to earn $300,000 in net (after-tax) income next year. Its...
After-Tax Profit Targets
Olivian Company wants to earn $300,000 in net (after-tax) income
next year. Its product is priced at $400 per unit. Product costs
include:
Direct materials
$120.00
Direct labor
$88.00
Variable overhead
$20.00
Total fixed factory overhead
$450,000
Variable selling expense is $16 per unit; fixed selling and
administrative expense totals $300,000. Olivian has a tax rate of
40 percent.
Required:
1. Calculate the before-tax profit needed to
achieve an after-tax target of $300,000.
$
2. Calculate the...
After-Tax Profit Targets Olivian Company wants to earn $300,000 in net (after-tax) income next year. Its...
After-Tax Profit
Targets Olivian Company wants to earn $300,000 in net
(after-tax) income next year. Its product is priced at $250 per
unit.
Product costs include:
Direct materials $75.00
Direct labor $55.00
Variable overhead $12.50
Total fixed factory overhead $445,000
Variable selling expense is $10 per unit; fixed selling and
administrative expense totals $295,000. Olivian has a tax rate of
40 percent.
Required: 1. Calculate the before-tax profit needed to achieve
an after-tax target of $300,000. $
2. Calculate the...
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