Alpha Geek

(8)

$10/per page/Negotiable

About Alpha Geek

Levels Tought:
University

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Environmental science,Essay writing,Programming,Social Science,Statistics Hide all
Teaching Since: Apr 2017
Last Sign in: 442 Weeks Ago, 4 Days Ago
Questions Answered: 9562
Tutorials Posted: 9559

Education

  • bachelor in business administration
    Polytechnic State University Sanluis
    Jan-2006 - Nov-2010

  • CPA
    Polytechnic State University
    Jan-2012 - Nov-2016

Experience

  • Professor
    Harvard Square Academy (HS2)
    Mar-2012 - Present

Category > Accounting Posted 24 May 2017 My Price 5.00

Compute the following ratios before and after expansion

Using vertical analysis, prepare a common-size income statement for Larry Budd, using net sales as the base.

LARRY BUDD CORPORATION

    

Condensed Income Statement

    

For the Year Ended December 2015

  
 

Amount

Percent

Net sales

$780,000

  

Cost of goods sold

471:11,000

  

Gross profit

310,000

  

Operating expenses

'140,000

  

Income from operations

170,000

  

Interest expense

'16,000

  

Income before income taxes

154,000

  

Income tax expense

62,000

  

Net income

$ 92,000

  

Instructions

Compute the following ratios before and after expansion. Assume year-end balance sheet amounts are representative of average balances.

  1. Return on assets.
  2. Return on common stockholders' equity.
  3. Debt to assets.
  4. Times interest earned.

Answers

Alpha Geek
(8)
Status NEW Posted 24 May 2017 06:05 AM My Price 5.00

-----------

Attachments

file 1495608428-Answer.docx preview (122 words )
U-----------sin-----------g v-----------ert-----------ica-----------l a-----------nal-----------ysi-----------s, -----------pre-----------par-----------e a----------- co-----------mmo-----------n-s-----------ize----------- in-----------com-----------e s-----------tat-----------eme-----------nt -----------for----------- La-----------rry----------- Bu-----------dd,----------- us-----------ing----------- ne-----------t s-----------ale-----------s a-----------s t-----------he -----------bas-----------e. ----------- LA-----------RRY----------- BU-----------DD -----------COR-----------POR-----------ATI-----------ON -----------Con-----------den-----------sed----------- In-----------com-----------e S-----------tat-----------eme-----------nt -----------For----------- th-----------e Y-----------ear----------- En-----------ded----------- De-----------cem-----------ber----------- 20-----------15 -----------Amo-----------unt----------- Pe-----------rce-----------nt ----------- Ne-----------t s-----------ale-----------s $-----------780-----------,00-----------0 C-----------ost----------- of----------- go-----------ods----------- so-----------ld -----------471-----------:11-----------,00-----------0 G-----------ros-----------s p-----------rof-----------it -----------310-----------,00-----------0 O-----------per-----------ati-----------ng -----------exp-----------ens-----------es -----------'14-----------0,0-----------00 -----------Inc-----------ome----------- fr-----------om -----------ope-----------rat-----------ion-----------s 1-----------70,-----------000----------- In-----------ter-----------est----------- ex-----------pen-----------se -----------'16-----------,00-----------0 I-----------nco-----------me -----------bef-----------ore----------- in-----------com-----------e t-----------axe-----------s 1-----------54,-----------000----------- In-----------com-----------e t-----------ax -----------exp-----------ens-----------e 6-----------2,0-----------00 -----------Net-----------
Not Rated(0)