Analyze the financial statements of the company to you in terms of:5) Profitability Ratio2020 Analysis BUT also compare with 2018 - 2019.Please show your solution on computation. Income statement (P&L) ($ in millions)Annual | Quarterly12/31/20209/30/20209/30/20199/30/20189/30/20179/30/20169/30/2015TTMRevenues23,17023,51826,50924,72022,38721,31619,163Revenue, net22,38721,31619,163Cost of revenue(18,317)(18,459)(19,021)(17,368)(15,532)(14,575)(12,580)Cost of goods and services sold(1,998)(8,527)(10,175)(9,038)(8,511)(7,788)Gross profit:4,8535,0597,4887,3526,8556,7416,582Operating expenses(3,929)(3,820)(3,708)(3,770)(3,112)(2,887)(3,231)Other undisclosed operating income331323298301391318250Operating income:1,2551,5624,0783,8834,1354,1723,601Nonoperating expense(5)(Investment Income, Nonoperating)Interest and debt expense(466)(437)(331)(170)(93)(81)(132)Income from continuing operations7901,1253,7473,7134,0424,0913,465before equity method investments,income taxes:Income from equity method investments250Other undisclosed income from continuing39407192,067275108188operations before income taxesIncome from continuing operations8291,1644,4665,7804,3184,1993,903before income taxes:Income tax expense(167)(240)(872)(1,262)(1,433)(1,380)(1,144)Net income:6629253,5954,5182,8852,8192,759Net income (loss) attributable tononcontrolling interest34(0)(1)(2)Net income available to common6659283,5994,5182,8852,8182,757stockholders, diluted:Comprehensive Income ($ in millions)Annual | Quarterly12/31/20209/30/20209/30/20199/30/20189/30/20179/30/20169/30/2015TTMNet income:6629253,5954,5182,8852,8192,759Other comprehensive income (loss)242134(173)(175)(47)91(225)Comprehensive income:9031,0593,4224,3432,8382,9102,535Comprehensive income (loss), net of tax,attributable to noncontrolling interest4(0)(1)292,838Comprehensive income, net of tax,attributable to parent:9061,0623,4264,3442,9092,564Statements sourcesThe financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic DataGathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensibleBusiness Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailedinformation.

Ratio Analysis Company uses the ratio analysis to measure the profitability and other relative…

Answered: Analyze the financial statements of the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Return on total assets ratio: net income/ average total assets 21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year) 11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year) Write financial analysis report.
This year Last year 1050 Assets Cash 1530 Marketable securities Accounts receivable Inventories Total current assets 1810 1220 2050 1770 2900 2790 8290 6830 Gross fixed assets 29480 28090 Less: Accumulated depreciation 14680 13140 Net fixed assets 14800 14950 Total assets Liabilities and Stockholders' Equity 23090 21780 Accounts payable Notes payable Accruals 1560 1540 2760 2160 190 350 Total current liabilities 4510 4050 Long-term debt Common stock Retained earnings Total stockholders' equity 5220 4970 9950 9950 3410 2810 13360 12760 Total liabilities and stockholders' equity 23090 21780
K McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement: Year Ended December 31, 2024 Net income Income tax expense Interest expense $ 22,950 6,600 3,000 What was McDaniel's times-interest-earned ratio for 2024? OA. 7.65 OB. 10.85 OC. 9.85 OD. 8.65 point(s) possible ...
Feeney, Inc., reported the following sales and net income amounts (Click on the icon to view the data.) Show Feeney's trend percentages for sales and net income. Use 2018 as the base year. (Do not enter the % sign if any of the input fields.) Sales Net income 2021 % % 2020 1% % 2019 % 28 29 % 2018 % %
19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 5,000 76,000 Total assets, November 30 80,250 ... Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ÷ ROA %
19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + 4,710 55,000 102,000 + = %
Global Corp. initially projected the 2019 income statement shown in the table E. Suppose that in 2019, Global launched an aggressive marketing campaign that boosted 2019 sales further by 14.1%. However, their operating margin fell from 5.56% to 4.49% Suppose that they had no other income, interest expenses were unchanged, and taxes were the same percentage of pretax income (26%) as in 2018. a. What was Global's EBIT in 2019? b. What was Global's income in 2019? c. If Global's P/E ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 2019? a. What was Global's EBIT in 2019? Global's EBIT was $ million. (Round to two decimal places.) b. What was Global's income in 2019? Net income was $ million. (Round to two decimal places.) c. If Global's P/E ratio (18.0) and number of shares outstanding (3.6 million) remained unchanged, what was Global's share price in 2019? Global's share price in 2019 was $. (Round to the nearest cent.)
Forecast income statement - ALL FIGURES IN $ MILLION Financial year ending 31 March 2023 2024 2025 Revenue 165.0 180.0 210.0 Less: Operating expenses 120.0 128.0 145.0 Operating earnings before depreciation 45.0 52.0 65.0 Less: Depreciation 30.0 32.0 25.0 Earnings before interest and tax (EBIT) 15.0 20.0 40.0 Less: Interest expense 5.0 5.0 5.0 Earnings before tax 10.0 15.0 35.0 Less: Tax expense 2.8 4.2 9.8 Net profit (earnings) 7.2 10.8 25.2 In addition, you have collected the following information: Operating working capital (OWC) in each year will be 10% of revenue in that year Capital expenditure (capex) will be $25 million in each year The corporate tax rate is 28%. What is Electrix's free cash flow to the firm (FCF) in year 2025? Thanks!
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Analyze the financial statements of the company to you in terms of: 5) Profitability Ratio 2020 Analysis BUT also compare with 2018 - 2019. Please show your solution on computation.