What is archware net income

Assignment Help Financial Accounting
Reference no: EM132538912

Question 1: Archware Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales of $22.390 billion. Their net profit margin for the year was 0.16, while the operating profit margin was 30 percent. What is Archware's net income? (Answer needs to be stated in billions. For example: 2.83) Round to two decimal places

Reference no: EM132538912

Questions Cloud

Alternative investments of different time lengths : Can we use NPV or IRR to choose between alternative investments of different time lengths?
What is the times interest earned for the company : Sawaya Company had depreciation and amortization expenses of $522,311, What is the Times Interest Earned for this company?
Nal with the security deposit-wildcat oil company : The Wildcat Oil Company is trying to decide whether to lease or buy a new computer-assisted drilling system for its oil exploration business.
Distinguish between morality and legality : Explain whether terms and concepts such as "commonsense justice" and everyday fairness" apply to legality versus ethics.
What is archware net income : Archware Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales of $22.390 billion. What is Archware's net income?
What is the break-even ebit-xyz corporation : XYZ Corporation is comparing two different capital structures: an all-equity plan (PlanI) and a levered plan (Plan II). Under Plan I, the company would have
What is the company inventory turnover ratio : JP Vineyards has sales of $882,000, a gross profit margin of 0.392, and inventory of $173,000. What is the company's inventory turnover ratio?
What are the firm accounts receivables turnover : Blue Air Inc., has net sales of $709,000 and accounts receivables of $168,000. What are the firm's accounts receivables turnover? Round to two decimal places.
What per cent of the company costs are fixed : What per cent of the company's costs are fixed, and what per cent are variable with the debt and without the change in leverage?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Determining the bond price today of general mills

General Mills has a $1,000 par value, 14 year maturity bond outstanding with an annual coupon rate of 11.36% per year

  Prepare a schedule to determine the total amount

Identify and discuss some of the characteristics of a partnership of which your client should be aware - Prepare a schedule to determine the total amount of the distributions due Sandburg's spouse.

  What is its charitable contribution deduction

A clothing manufacturing corporation donates last year’s inventory to the Red Cross for use in its disaster relief efforts. The clothes have a fair market value of $200,000 and a basis to the corporation of $75,000. What is its charitable contrib..

  Robert currently is a brew master for cdi brewery

Robert currently is a brew master for CDI Brewery. He likes his job, but is intrigued by the prospect of quitting and starting his own business.

  Financial statements prepared on entitys income tax basis

When an auditor reports on financial statements prepared on an entity’s income tax basis, the auditor’s report should:

  Controlling interests share of consolidated net income

Redfield Company reports current earnings of $420,000 while declaring $52,000 in cash dividends. Snedeker Company earns $147,000 in net income and declaring $13,000 in dividends. On January 1 of the current year, Snedeker acquired in the open market ..

  Determine the amount of sherwood’s retained earnings

At the end of 2010, Sherwood Company had retained earnings of $18,240. During 2011, Sherwood had revenues of $837,400 and expenses of $792,100, and paid cash dividends in the amount of $38,650. Determine the amount of Sherwood’s retained earnings at ..

  Calculate any four ratios for alvin company

For Alvin Company for 2014, calculate any four ratios. Give ratio name, formula, and calculation, state of ratio, and one sentence of explaining each ratio.

  How much pay manufacturer for order of one hundred ten bike

Mack is given terms of 3/15 n/30, and he pays by day 15. How much will he pay the manufacturer for the order of 110 bikes if his price per bike is $390.93?

  Prepare an income statement and retained earnings statement

Prepare an income statement and a retained earnings statement for the month of June and a balance sheet at June 30, 2014. Briefly discuss whether the company's first month of operations was a success.

  Contrast iasb basis for accounting and gaap accounting

Contrast IASB basis for accounting (IFRS) and FASB/GAAP accounting. Compare the three companies and their strategies for managing their working capital.

  Prepare appropriate journal entry to record this transaction

Skysong Inc. factors receivables with a carrying amount of $240,800 to Joffrey Company for $163,000 on a with recourse basis. The recourse provision has a fair value of $3,260. This transaction should be recorded as a sale. Prepare the appropriate jo..

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