Question

In: Accounting

US Corporation Balance sheet 2015 (In Millions) Assets Cuurrent Assets Cash $ 104 Account Receivable...

US Corporation

Balance sheet 2015

(In Millions)

Assets

Cuurrent Assets

Cash $ 104

Account Receivable $455

inventory $ 553

total assets $ $1,112

Fixed Assets

Net Plant and Equipment $ 1,644

Liabilities and Capital

current liabilities $232

account payable $ 196

total liabilities $ 428

Long Term Debt $408

Ownership equity

common stock $600

retained earnings $1,320

Total Liabilities and Capital $2756

US Corporation

Income Statement 2015

(In millions)

Net Sales $ 1500

Cost of Goods Sold $750

Operating expenses $ 625

Net profit before taxes $ 125

Taxes $ 25

Net Profit after tax $ 100

Based the information given above Calculate

1. Net profit margin (1.5 points)

2. Asset Turnover (1.5 points)

3. Return on Assets (1.5 points)

4. Gross profit (1.5 points)

5. Gross profit margin (1 point)

6. Operating expense % (1.5 points)

7. Inventory turnover (1.5 points)

Expert Solution

Answer:-1)-Net profit margin =(Net profit/Net sales)*100

=($100/$1500)*100 =6.67%

2)- Asset turnover ratio =Turnover/Average total assets

=$1500/$2756 =.54 Times

3)-Return on assets =($100/$2756)*100 =3.63%

4)-Gross profit =Net sales-Cost of goods sold

=$1500-$750 =$750

5)-Gross profit margin =(Gross profit/Net sales)*10

=($750/$1500)*100 =50%

6)- Operating expenses % =($625/$1500)*100

=41.67%

7)-Inventory turnover = Inventory turnover ratio= Cost of goods sold/Average inventory

= $750/$753

= .996 times

ekkarill92 answered 1 year ago

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