What is Whitlaw’s income tax? Income tax = $5,520 60. Go to the IRS Web site (www.irs.gov) and print the first page of Form 1120. Using the following information, determine Chelsea Corporation’s tax owed or refund due using the form if it made estimated tax payments of $15,000. Chelsea Corporation (34 Chelsea Drive, Sarasota, Florida, 33456) is a calendar-year corporation; its EIN is 78-9999999 and it was incorporated on June 15, 2002.
Financial ratios, especially when listed for multiple years in a row, can really expand what you are seeing on the financial statements with just a glance. The asset turnover ratio was decreasing towards 1 from 2000-04. As Krispy Kreme expanded assets were likely increasing. The fact that the ratio pushed from 2.1 to 1.01 in just four years shows those sales were not increasing proportionately with all the growth the company was experiencing. Exhibit 7: By a raising current ratio, we can see that Krispy Kreme is much more able to pay debt within the next year.
The addition of a computer-aided drafting system and three dimensional modeling gave them a huge advantage as well and allowed Silver Ships to heighten their quality, design, and performance even more, and ultimately increase productivity. Silver Ships also focuses on cost and price competitiveness as they heavily rely on winning bids for government contracts. Since much of Silver Ships’ business was secured through bids it leaves cost as a major concern. Silver Ships has started to employ some of these low cost opportunities during the economic downturn, allowing them to buy aluminum and other materials at decreased prices. Silver Ships also
AS the current and quick ratios both went down over the past year, I am concerned that the company liabilities may be rising faster than assets and we may not be able to liquidate assets quickly enough to cover debt, if necessary. 4. Calculate the 2013 inventory turnover, days sales outstanding (DSO), fixed assets turnover, and total assets turnover. Inventory Turnover= 4, DSO= 39.6, Fixed Assets Turnover= 6.2, Total Assets Turnover= 2 5. Calculate the 2013 debt ratio, liabilities-to-assets ratio, times-interest-earned, and EBITDA coverage ratios.
The kiosk was the other method that had good results but was also expensive when you see the total cost. Western Washington seem to have better results for hiring when it comes to referrals and kiosk but spend a lot of money on both. Eastern Washington division differs from western when it comes to its recruiting methods. The eastern division results show that they only used media, referrals, and kiosk methods. More people applied using the media, but
However, the promotion tactic of rebates has helped somewhat in the overall product promotion. While our advertizing and promotion expenditures have been markedly greater than of our competition, representing nearly 6.5% of sales, their effectiveness has not. To date, GCI has 74 local media inserts compared to only 56 of our closest competition and 47 of the top competitor. Clearly, one major task as we move into the sixth quarter and beyond is the revamping of our ads to make them more effective. As the data show, more is not better; especially if the ad is not effective in the first
Compared to thirty years ago, our society is much richer. And moreover, we have more machines doing more of the hard work. Surely all of this should mean working less, not more? There’s only one reason for this absurd situation: people’s natural desire to make more money. This is all well and good, but do we really need that take-away on a Friday night, that extra dress from Oxford Street or that newer, more stylish car?
A major issue that Custom Molds is facing is adapting to the changing needs of their customers. For example, the chart on molds produced provided in the case shows that orders for multiple parts have decreased over the past several years. This is a problem for Custom Molds because it would be much easier for the company to produce several identical molds rather than an increasing number of individual, unique molds. Another issue that the company is facing is that they have slow process and delivery of their products. The production process of each mold can take from two to four weeks, and the company is giving a lead-time of nine weeks.
The company’s net cash from operations also decreased from 262.69 million to 233.58 million in 2005, a difference of 29.1 million. This decrease in operational cash flow was largely attributed to a significant increase in inventories to 164.41 million from 43.63 million. In addition, Tiffany posted operational losses of 12.03 million and increased prepaid expenses of 16.34 million in 2006. However, the company effectively managed its accounts payables for the year at 17.79 million, a significant change from the prior year. In addition, Tiffany increased ‘other non-cash’ items within its operations to 67.01 million.
How has Aurora Textile performed over the past four years? Be prepared to provide financial ratios that present a clear picture of Aurora’s financial condition. Exhibit 1 shows Income statement of Aurora Textile Company for the fiscal years 1999-2000. As mentioned in the introduction, Aurora had remained main efficient plants by reducing inefficient operations, but its sales show downward trend and in 2002, it decreased about 40% to compare performance in 1999. Due to the fact that Asian and other foreign textile manufacturers have been exported aggressively and consumer preferences are requiring higher-quality products with minimum defects, like other firms, Aurora tends to produce small amount of yarns produced with minimal period and provide to customized markets.