Maurice Tutor

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    Argosy University/ Phoniex University/
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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Jul 2017 My Price 14.00

Day Ko Incorporated

Day Ko Incorporated presented the following comparative income statements for 2009 and 2008:

 

For the Years Ended
 

2009

2008

Net sales

$1,589,150

$1,294,966

Other income

22,334

20,822
 

1,611,484

1,315,788

Costs and expenses:

    

Material and manufacturing costs of products sold

651,390

466,250

Research and development

135,314

113,100

General and selling

526,680

446,110

Interest

18,768

11,522

Other

15,570

7,306
 

1,347,722

1,044,288

Earnings before income taxes and no controlling interest

263,762

271,500

Provision for income taxes

114,502

121,740

Earnings before no controlling interest

149,260

149,760

No controlling interest

11,056

12,650

Net earnings

$138,204

$137,110

Other relevant financial information follows:

 

For the Years Ended
 

2009

2008

Average common shares issued

29,580

29,480

Total long-term debt

$209,128

$212,702

Total stockholders’ equity (all common)

810,292

720,530

Total assets

1,437,636

1,182,110

Operating assets

1,411,686

1,159,666

Dividends per share

1.96

1.86

Stock price (December 31)

533/4

761/8

Required

a. How did 2009 net sales compare with 2008?

b. How did 2009 net earnings compare with 2008?

c. Calculate the following for 2009 and 2008:

1. Net profit margin

2. Return on assets (using ending assets)

3. Total asset turnover (using ending assets)

4. DuPont analysis

5. Operating income margin

6. Return on operating assets (using ending assets)

7. Operating asset turnover (using ending assets)

8. DuPont analysis with operating ratios

9. Return on investment (using ending liabilities and equity)

10. Return on equity (using ending common equity)

d. Based on the previous computations, summarize the trend in profitability for this firm.

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Jul 2017 11:07 PM My Price 14.00

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