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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.)
Orange Corporation owns 70 percent of the voting common shares of McNichols Corporation, purchased at book value. Non controlling interest was assigned $21,000 of income in the 20X0 consolidated income statement.
On May 5, 2013, Dan purchased and placed in service a 7-year class asset costing $720,000. Compute the maximum deductions that Dan can claim with respect to this asset in 2013 and 2014.
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What is the balance remaining on a $100,000 30-year mortgage, at 6% with payments of $599.55, after you have made 299 payments? What is the monthly payment on a $1,000 loan that is 18% per year, compounded weekly. Assume 52 weeks per year and that yo..
Loss on operations of the wholesale division (net of tax) 90,000. Dividends declared on common stock 250,000. Create a multiple-step income statement and a retained earnings statement
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Giovanni Company produces a product that requires four standard gallons per unit. The standard price is $34.00 per gallon. If 3,500 units required 14,400 gallons, which were purchased at $33.25 per gallon, what is the direct materials price variance?
Sunset Graphics often buys inventory after receiving a sales order from the customer. Suppose you are asked (no need to) to prepare one UML class diagram that combines both the sales and collection process and the purchases and payments process. what..
Department W had 2,400 units, one-third completed at the beginning of the period; 16,000 units were transferred to Department X from Department W during the period; and 1,800 units were one-half completed at the end of the period. Assume the completi..
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