Question

In: Finance

Category Prior year Current year Accounts payable 41,400 45,000 Accounts receivable 115,200 122,400 Accruals 16,200 13,500...

Category

Prior year

Current year

Accounts payable

41,400

45,000

Accounts receivable

115,200

122,400

Accruals

16,200

13,500

Additional paid in capital

200,000

216,660

Cash

???

???

Common Stock @ par value

37,600

42,000

COGS

131,400

172,399.00

Depreciation expense

21,600

22,198.00

Interest expense

16,200

16,520.00

Inventories

111,600

115,200

Long-term debt

135,000

139,799.00

Net fixed assets

376,264.00

399,600

Notes payable

59,400

64,800

Operating expenses (excl. depr.)

50,400

62,655.00

Retained earnings

122,400

136,800

Sales

255,600

336,548.00

Taxes

9,900

18,574.00

What is the firm's current year operating profit margin?

Solutions

Expert Solution

Ans:

Prior year Current year
Particulars Debit Credit Debit Credit
Accounts payable 41400 45000
Accounts receivable 115200 122400
Accruals 16200 13500
Additional paid in capital 200000 216660
Cash Y Z
Common stock 37600 42000
COGS 131400 172399
Depreciation expenses 21600 22198
Interest expenses 16200 16520
Inventories 111600 115200
Long term debt 135000 139799
Net Fixed assets 376264 399600
Notes payable 59400 64800
Operating expenses (excluding depreciation) 50400 62655
Retained earnings 122400 136800
Sales 255600 336548
Taxes 9900 18574
Total 832564+Y 867600 929545+Z 995107

Cash for previous year (Y) = $ 867,600 - $ 832,564

= $ 35,036

Cash for current year (Z) = $ 995,107 - $ 929,545

= $ 65,561

Sales for current year = $ 336,548

Less: COGS = $ 172,399

operatin expense (exclu dep) = $ 62,655

operating profit = $ 101,494

Operating profit margin = operating profit / sales

= $ 101,494 / $ 336.548

= 30.16 %

jeff jeffy answered 1 year ago
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