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

  Common shares of nicholson corporation,

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.

  Compute maximum deductions that dan can claim with respect

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.

  What percentage of sales can newkirk pay

What percentage of sales can Newkirk pay as royalty to the stadium and earn $180,000 for the season and Newkirk bids 12 percent of sales, what income can he expect?

  Is offer from the outside supplier financially attractive

Is the offer from the outside supplier financially attractive and why

  Journalize the adjusting entry required

Journalize the adjusting entry required on January 31, the end of the first month of the current year, to record the accrued vacation pay.

  Describe fully the alternatives situation

Describe fully the alternatives that are available to you in this situation. Express your personal opinion as to the appropriate course of action and provide reasoning to support your opinion.

  What is the balance remaining and monthly payment

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..

  Create a multiple-step income statement

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

  General banks required rate of return on common stock

Using the Capital Asset Pricing Model (CAPM), what was General Bank's required rate of return on common stock?

  What is the direct materials price variance

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?

  Inventory after receiving a sales order from the customer

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..

  What is equivalent units of production used to compute unit

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..

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