sidewinder, Inc., has sales of $678,000, costs of $339,000, depreciation expense of $84,000, interest expense of $49,000, and a tax rate of 21 percent. The firm paid out $79,000 in cash dividends.   What is the addition to retained earnings?

Q: Griffin’s Goat Farm, Inc., has sales of $719,000, costs of $395,000, depreciation expense of…

A: Formulas: Net income = (Sales - Costs -Depreciation - Interest)*(1-Tax rate)…

Q: This year, FCF Inc. has earnings before interest and taxes of $10,180,000, depreciation expenses of…

A: Free cash flow = EBIT*(1-tax) + Deprication - capital expenditure - Increase in Working capital

Q: The Rogers Corporation has a gross profit of $770,000 and $297,000 in depreciation expense. The…

A: Cash flow of companies will be equal to Net Income after tax plus depreciation

Q: Sidewinder, Inc., has sales of $638,000, costs of $329,000, depreciation expense of $74,000,…

A: Earning per share: It is a financial ratio where how much share is contributed to the total net…

Q: Bronze, Inc has sales of $58,200, costs of $25,300, depreciation expense of $3,100, and interest…

A: Operating Cash Flows  = Earning before interest & tax + Depreciation - Taxes

Q: Patterson Brothers recently reported a EBITDA of $7.5 million and net income of $2.625 million. It…

A: Depreciation is the decrease in the value of the fixed assets over the specific period of time due…

Q: Leo's Corp has sales of $ 684,000, operating expenses of $ 437,000, interest expense of $ 13,800,…

A: Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise.…

Q: Jannah Company has sales of P1,000,000, cost of goods sold of P700,000, depreciation expenses of…

A: Operating cashflows = net income + depreciation +/- change in assets and liabilities  income before…

Q: Outdoor Sports paid S12,500 in dividends and S9,310 in interest over the past year. Sales totaled…

A: We should first compute the tax payable in cash which will be arrived at by computing the net…

Q: Builtrite had sales of $700,000 and COGS of $300,000. In addition, operating expenses were…

A: Computation:

Q: Last year, Webster Farms had annual revenue of $87,200, depreciation of $11,600, cost of goods sold…

A: Operating cash flow is cash flow from operating activities. Non cash expenses will not be deducted…

Q: Parsnip, Inc.'s, net income for the most recent year was $9,512. The tax rate was 3030 percent. The…

A: Given the following information: Net income: $9,512 Tax rate: 30% Total interest expense paid:…

Q: ou have been given the following information for Moore’s HoneyBee Corp.:  Net sales = $44,000,000.…

A: Recall the mathematical equation:Gross Profit = Net Sales - Cost of Goods soldHence, 19,400,000 =…

Q: Determine the Net Profit Margin, Assets Turnover Ratio, ROA, ROE and Return on Invested Capital…

A: Net Profit Margin: This ratio tells how much profit is produced as a percentage of sales.   Asset…

Q: A Company recently reported $15,500 of sales, $8,250 of operating costs other than depreciation, and…

A: Given: Sales $15,500 Operating Costs $8,250 Depreciation $1,750.  It had $9,000 of bonds outstanding…

Q: Last year​ Sanderson, Inc. had sales of $3.1 million. The​ firm's cost of goods sold came to $2.1…

A: Taxable Income: When calculating the amount of taxes owing by a person or a business, taxable income…

Q: This year, Southern Coat Company had sales of £730,000. Cost of goods sold, administrative and…

A: Sales = 730,000 Cost of Goods Sold = 580,000 Admin and selling expenses = 105,000 Depreciation…

Q: The Firm had sales of $33 million, operating expenses of $14 million, interest of $4 million and…

A: Net Income: The net income of the business is determined by subtracting the total expenses from the…

Q: 1. Fattal Inc. recently reported $120,000 of sales, $75,500 of operating costs other than…

A: The statement of profit or loss of a company shows all the income earned and expenses incurred by a…

Q: Reliable Corporation had sales of $61,122,248, cost of goods sold of $24,201,696, operating expenses…

A: Given: Reliable Corporation had sales of $60,257,593, cost of goods sold of $24,092,883, operating…

Q: Andre's Bakery has sales of $687,000 with costs of $492,000. Interest expense is $26,000 and…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Vasudevan Inc. recently reported operating income of $5.95 million, depreciation of $1.20 million,…

A: The total cash that a company has to pay off to its liabilities and dividend to its shareholders is…

Q: The Moore Corporation has operating income (EBIT) of $750,000. The company’s depreciation expense is…

A: Net income is calculated by using the following formula: NI = (EBIT - Interest) * (1 - tax rate) Net…

Q: ACE, Inc. incurred depreciation expenses of $21,900 last year. The sales were $811,400 and the…

A: Given Information: Depreciation expense = $21,900 Sales = $811,400 Retained earnings = $14,680…

Q: What is the net income for this firm

A: Information Provided: Sales = $679,000 Costs = $341,000 Depreciation = $85,000 Interest expense =…

Q: Taurus Inc, has sales of $540,000, costs of $225,150, depreciation expense of $48,400, interest…

A: Sales = 540,000 Costs = 225,150 Depreciation = 48,400 Interest expense = 37,000 Other expenses =…

Q: Willard, Incorporated has sales of $26,400, costs of $9,400, depreciation expense of $1,500,…

A: Operating cash flow refers to the cash flow generated by an entity from its operations. It is…

Q: The ABC Company has net sales of $700,000, a gross profit margin of 40%, operating expenses…

A: The remaining amount of the revenue after the deductions of the expenses and the tax amount is term…

Q: Orlando Landscaping has current assets of $5,100, net fixed assets of $23,000, current liabilities…

A: Shareholders Equity = Current Assets + Net Fixed Assets - Current Liabilities - Long Term Debt Net…

Q: Last year, LTD limited. reported $11,250 of sales, $4,500 of operating costs other than…

A: Here, Last Year data: Sales are $11,250 Operating Cost is $4500 Depreciation is $1250 Coupon rate of…

Q: ance its operations, has no current liabilities, and recognizes depreciation periodically.…

A: An income statement is a financial statement that reveals how lucrative a company was during a…

Q: Henry Company had sales revenue of USD1,200,000, gross profit of USD749,000, operating expenses of…

A: Income tax expense refers to the expense amount which company records in the accounting period for…

Q: Patterson Brothers recently reported an EBITDA of $7.5 million andnet income of $2.1 million. It had…

A: Given information: EBIDTA is $7.5 million Net income is $2.1 million, Interest expense is $2.0…

Q: Dollar Inc. recently reported operating income (EBIT) of $3.25 million, depreciation of $0.56…

A: Free cash flow are the cash available with the company. The free cash flows helps in reducing the…

Q: Griffin's Goat Farm, Inc., has sales of $675,000, costs of $337,000, depreciation expense of…

A: Addition to retain earning will be the amount remain after payment of all expenses ,taxes and…

Q: Rose inc. had sales of $7 million during the past year. The cost of goods sold amounted to $4…

A: Cost of goods sold exhibits direct cost incurred by company for producing goods and services.

Q: Building an Income Statement Gia, Inc., has sales of $473,000, costs of $275,000, depreciation…

A: Shown below

Q: Rollins Corp's total assets at the end of last year were $300,000 and its EBIT was $75,000. What was…

A: BEP is calculated as the ratio of Earnings Before Interest and Taxes to Total Assets

Q: Griffin's Goat Farm, Inc., has sales of $673,000, costs of $335,000, depreciation expense of…

A: Retained earnings refer to the surplus of income earned over an accounting year. Retained earning is…

Q: The Rogers Coporation has a gross profit of $776,000 and $332,000 in depreciation expense. The Evans…

A: Cash flows after tax can be calculated through either of the following formulas:

Q: Griffin's Goat Farm, Inc., has sales of $667,000, costs of $329,000, depreciation expense of…

A: An income statement is a financial report that indicates the revenue and expenses of a business. It…

Q: Cox Corporation recently reported an EBITDA of $58 million and $10 million of net income. The…

A: EBITDA - Depreciation and amortization = Earnings before Interest and Tax (EBIT)

Q: Talbot Enterprises recently reported an EBITDA of $8 million and net incomeof $2.4 million. It had…

A: Depreciation and amortization are non-cash expenses that are deducted from EBITDA in the process to…