User Account

All Pages

What was supreme operating income in millions

Assignment Help Financial Accounting
Reference no: EM132588158

Financial statements of Supreme Co. Dollar amounts are in millions (except for the per share data).

Income statement data:

Net sales=$1,230

Cost of goods sold=$520

Operating expenses$440

Net income=$390

Balance sheet data:

Average total equity=$2,400

Average total assets=$4,000

Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share. At year-end, the Wall Street Journal listed Supreme's capital stock as trading at $88 per share.

Question 1: What was Supreme's operating income (in millions)?

Reference no: EM132588158

Questions Cloud

Do you believe that all data should be encrypted : Do you believe that all data should be encrypted? Many computing professionals think this is a good idea.
How ebp impacts advanced-practice nursing : In this discussion, you will analyze the key components of evidence-based practice (EBP) and how it was utilized in the resources on nutrition and obesity.
What is break-even point expressed in sales dollars : If Stupper's monthly fixed costs average $200,000, what is its break-even point expressed in sales dollars?Stupper Corporation manufactures two products
Develop karen website and business systems : Your small business, IT Business Services Consultants, continues to develop Karen's website and business systems.
What was supreme operating income in millions : What was Supreme's operating income (in millions)? Supreme reported earnings per share for the year of $4 and paid cash dividends of $1 per share.
Essential in cryptography : In this module, you learned that random numbers (or, at least, pseudorandom numbers) are essential in cryptography,
Set the scene background information and relevant facts : Set the scene background information, relevant facts, and the most important issues of Tata Engineering and Locomotive Company (TELCO).
Define three classes of intruders : List and briefly define three classes of intruders. What is the difference between statistical anomaly detection and rule-based intrusion detection?
What the total amount to be realized by las vegas co : Collateralized by machinery with a liquidation value of 10,000,000. The total amount to be realized by Las Vegas Co. on this note receivable is?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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