Presented below is information related to Kingbird Company at December 31, 2025, the end of its first year of operations.Sales revenue$287,320 Cost of goods sold126,540 Selling and administrative expenses53,200 Gain on sale of plant assets31,270 Unrealized gain on available-for-sale debt investments10,590 Interest expense5,720 Loss on discontinued operations10,870 Dividends declared and paid4,570

Kingbird Motor Company manufactures automobiles. During September 2022, the company purchased 4,000 head lamps at a cost of $10 per lamp. 40 of these lamps were used to replace the head lamps in autos used by traveling sales staff, and 3,680 lamps were put in autos manufactured during the month.Of the autos put into production during September 2022, 90% were completed and transferred to the company’s storage lot. Of the cars completed during the month, 70% were sold by September 30.(a)Determine the cost of head lamps that would appear in each of the following accounts at September 30, 2022.Raw Materials$enter a dollar amount Work in Process$enter a dollar amount Finished Goods$enter a dollar amount Cost of Goods Sold$enter a dollar amount Selling Expenses$enter a dollar amount

Jaybird Company operates in a highly competitive market where the market price for its product is $135 per unit. Jaybird desires a 30% profit per unit. Jaybird expects to sell 5,000 units. Additional information is as follows: Variable Costs per Unit   Fixed Costs (total)  Direct materials $ 22 Overhead $ 45,000Direct labor 23 General and administrative 18,000Overhead 21    General and administrative 27    To achieve the target cost per unit, Jaybird must reduce total expenses by how much?

The following information was available for the year ended December 31, 2022:Net sales $ 300,000Cost of goods sold 210,000Average accounts receivable for the year 15,000Accounts receivable at year-end 18,000Average inventory for the year 60,000Inventory at year-end 70,000The inventory turnover for 2022 was:

The following information was available for the year ended December 31, 2022:Sales $ 300,000Net income 50,000Average total assets 750,000Average total stockholders' equity 500,000Turnover for the year ended December 31, 2022 was:

[The following information applies to the questions displayed below.]Summary information from the financial statements of two companies competing in the same industry follows.  Barco Company Kyan Company   Barco Company Kyan CompanyData from the current year-end balance sheets     Data from the current year’s income statement    Assets     Sales $ 780,000 $ 907,200Cash $ 19,500 $ 33,000 Cost of goods sold 590,100 630,500Accounts receivable, net 36,400 59,400 Interest expense 8,000 13,000Merchandise inventory 84,240 130,500 Income tax expense 14,992 25,045Prepaid expenses 5,600 7,500 Net income 166,908 238,655Plant assets, net 320,000 305,400 Basic earnings per share 4.17 5.79Total assets $ 465,740 $ 535,800 Cash dividends per share 3.74 4.03Liabilities and Equity     Beginning-of-year balance sheet data    Current liabilities $ 71,340 $ 103,300 Accounts receivable, net $ 30,800 $ 55,200Long-term notes payable 78,800 105,000 Merchandise inventory 63,600 105,400Common stock, $5 par value 200,000 206,000 Total assets 448,000 392,500Retained earnings 115,600 121,500 Common stock, $5 par value 200,000 206,000Total liabilities and equity $ 465,740 $ 535,800 Retained earnings 98,292 48,8812a. For both companies compute the (a) profit margin ratio, (b) total asset turnover, (c) return on total assets, and (d) return on equity. Assuming that each company’s stock can be purchased at $90 per share, compute their (e) price-earnings ratios and (f) dividend yields.2b. Identify which company’s stock you would recommend as the better investment.