Compute roa for the current and prior years

Assignment Help Financial Accounting
Reference no: EM132203718

Tiffany & Co. is one of the world's premier jewelers and a designer of other fine gifts and housewares. Presented here are selected income statement and balance sheet amounts (dollars in thousands). Current Year Prior Year Net sales $ 3,643,492 $ 3,085,845 Net income 489,745 388,958 Average shareholders' equity 2,263,745 2,030,912 Average total assets 3,947,836 3,612,570

Required:

1. Compute ROA for the current and prior years. (Round your answers to 3 decimal places.)

2. Compute the profit margin for both years and Asset Turnover for both years. (Round your answers to 4 decimal places.)

Reference no: EM132203718

Questions Cloud

Effective interest method in accounting for bonds : Req. 1. Assume the effective Interest Method in accounting for these Bonds, build a 10 year amortization table
Future financial performance : What are some qualitative factors that analysts should consider when evaluating a company's likely future financial performance?
Create an amortization table for the bond issue : A. How much are the proceeds that ABC will receive on the issue date of the bonds? B. Create an amortization table for the bond issue.
Explain why super toys might prefer to use fifo : Explain why Super Toys might prefer to use FIFO for financial statement reporting to shareholders rather than LIFO.
Compute roa for the current and prior years : 1. Compute ROA for the current and prior years. (Round your answers to 3 decimal places.)
Prepare a classified consolidated balance sheet : Prepare a classified consolidated balance sheet for Campbell Soup for the current year
Key interpersonal behaviors typically exhibited : Explain the four stages of team development and the key interpersonal behaviors typically exhibited by team members in each stage.
Most likely feel highly engaged and be more productive : Gloria was told about some errors she made on the reports the team produced. Who will most likely feel highly engaged and be more productive?
Framework for leading positive change was established : A framework for leading positive change was established several months ago in pizza restaurant. How effective are these measures for supporting positive change.

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Calculation of lease amount for the given datapayment that

calculation of lease amount for the given data.payment that wrenn will require from contech? assume a marginal tax rate

  What is the total interest expense and the interest payable

Morrison Corporation borrowed? $45,000 from Commercial Bank on June 1 of the current year. The bank required? 9% interest. Interest will be paid every three months until the? 9-month note is paid. What is the total Interest Expense and the Interest P..

  Capital budgeting method-annual incremental net operating

The capital budgeting method that divides a project's annual incremental net operating income by the initial investment is the:

  Evaluation of criteria for internal control systemfor each

evaluation of criteria for internal control system.for each of these five separate cases identify the principle of

  What was the absorption costing net operating income

Sproles Inc. manufactures a variety of products. Variable costing net operating income was $132,000 last year and its inventory decreased by 4,250 units. Fixed manufacturing overhead cost was $16 per unit. What was the absorption costing net operatin..

  What are the variable costs per unit

The variable costs per unit are $6 when a company produces 12,000 units of product. What are the variable costs per unit when 14,000 units are produced?

  Break-even point in sales dollars will be

South Company sells a single product for $29 per unit. If variable expenses are 55% of sales and fixed expenses total $10,800, the break-even point in sales dollars will be:

  Multiple choice questions on accounts basics1the

multiple choice questions on accounts basics.1.the relationship between current assets and current liabilities isa.

  Colbert operates a catering service on the accrual method

Colbert operates a catering service on the accrual method. When must Colbert recognize the income if his accounting methods are selected to minimize income recognition?

  Other principles of service-oriented design

Analyze whether reusability should always be a primary goal of any service. Are there cases where potential reuse should be sacrificed to meet other principles of service-oriented design? Justify your position with research and your own experience.

  Calculate the cost of equipment

On January 1. 20X1, Graham Corporation purchased equipment by agreeing to pay $100,000 down and signing an installment loan agreeing to make three payments of $100,000 each at the end of 20X1, 20X2, and 20X3. The going rate of interest on similar tra..

  Statement of cash flows

Statement of cash flows prepared using the direct method - Investing Activities section, or in the Financing Activities

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd