Module 2 assignment

View Policies Current Attempt in Progress Sheridan Inc. owns these assets at the statement of financial position date: Cash in bank (savings account) $20,240 Cash on hand 1,540 Prepaid insurance 1.840 Cash in bank (chequing account) 12,880 Postdated cheques received from customers 920 (a) What amount should be reported as cash and cash equivalents in the statement of financial position? Cash $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

View Policies Show Attempt History Current Attempt in Progress Sheridan Inc. owns these assets at the statement of financial position date: Cash in bank (savings account) $20,240 Cash on hand 1,540 Prepaid insurance 1.840 Cash in bank (chequing account) 12,880 Postdated cheques received from customers 920 (a) Your answer is correct. What amount should be reported as cash and cash equivalents in the statement of financial position? Cash 34660 eTextbook and Media Attempts: 1 of 3 used

Answer d and e

EXHIBIT 3.5 Operating and Nonoperating Items in Boston Scientific's Balance Sheet December 31, $ millions 2018 2017 Current assets Cash and cash equivalents. . . Trade accounts receivable, net Inventories. Prepaid income taxes. Other current assets. $ 1,608 1,166 161 146 $ 1,548 1,078 66 188 921 942 Total current assets 4,002 1,782 7,911 3,822 Property, plant and equipment, net Goodwill.... 1,697 Other intangible assets, net Other long-term assets 6,372 932 6,998 5,837 688 Total assets $20,999 $19,042 Current liabilities $ 2,253 $ 1,801 Current debt obligations Accounts payable Accrued expenses 349 530 2,246 2,456 Other current liabilities. 412 867 Total current liabilities 5,260 5,654 3,815 Long-term debt. Deferred income taxes 4,803 328 1,882 191 Other long-term liabilities Stockholders' equity 2,370 Calculate the financial leverage ratio for 2018

Solve #35 please

Question 12 of 16 View Policies Current Attempt in Progress Accounts payable Accounts receivable Cash The following is a list of accounts, in alphabetical order, for Cullumber Ltd. at December 31, 2024. All accounts have a normal balance. Accumulated depreciation-equipment Common shares. Deferred revenue Depreciation expense Balance, January 31, 2024 $4,000 9,000 6,500 25,000 10,000 4,700 4,500 7,000 15,000 Income tax expense Office expense Rent expense Retained earnings Salaries expense Salaries payable Service revenue Supplies Supplies expense Prepare a statement of income for the year ended December 31, 2024. CULLUMBER LTD. Statement of Income $ $1,250 6,900. 4,500 26,750 11,600 5,500 37,000 V 6,000 3,700 - /20 $ ⠀

Can you complete question 17-6 please

Question 3 of 4 > -/2 View Policies Current Attempt in Progress Ouellette Ltée reports the following items: cash in bank $17,500; payroll bank account $6,000; cash register floats $500; and trading investments consisting of term deposits with maturity dates of less than 90 days $5,000. Determine which items described above would be considered cash, cash equivalents, or other items to be reported on the statement of financial position. Cash in bank Payroll bank account Cash register floats Trading investments eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

3 ook rences Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, December 31 prior year-end Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Land purchased by issuing long-term notes payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory FERRON COMPANY Statement of Cash Flows For Year Ended December 31 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current year ended December 31. Use a note disclosure for any noncash investing and financing activities. Note: Amounts to be deducted should be indicated with a minus sign. Cash flows from operating activities $…

Problem 17-10 Marin, Inc. had the following equity investment portfolio at January 1, 2020. 960 shares @ $15 each 860 shares @ $19 each $14,400 16,340 Evers Company Rogers Company Chance Company Equity investments @ cost Fair value adjustment Equity investments @ fair value 480 shares @ $8 each 3,840 34,580 (7,780 ) $26,800 During 2020, the following transactions took place. On March 1, Rogers Company paid a $2 per share dividend. On April 30, Marin, Inc. sold 300 shares of Chance Company for $12 per share. On May 15, Marin, Inc. purchased 110 more shares of Evers Company stock at $16 per share. At December 31, 2020, the stocks had the following price per share values: Evers $17, Rogers $18, and Chance $7. 1. 2. 3. 4. During 2021, the following transactions took place. On February 1, Marin, Inc. sold the remaining Chance shares for $7 per share. On March 1, Rogers Company paid a $2 per share dividend. On December 21, Evers Company declared a cash dividend of $3 per share to be paid in…

Question 8 ABC Company's balance sheets for 2027 appear below: Jan. 1 Dec. 31 ASSETS: Cash Accounts receivable Inventory Land LIABILITIES + EQUITY: Accounts payable Total Notes payable Common stock Retained earnings Total Sales revenue Cost of goods sold Other expenses Net income 1. 24,600 98,300 21,700 32,500 177,100 2. 29,400 0 88,600 59,100 177,100 31,200 ? ABC Company's income statement for 2027 is below: 646,780 473, 750 102,390 70,640 ? ? ? 46,300 35,000 63,700 ? Additional information: ABC Company's accounts receivable turnover ratio for 2027 was 7.3. The note payable was a bank loan taken out on March 1, 2027. The bank loan is due on November 30, 2028. 3. ABC Company's number of days' sales in inventory ratio for 2027 was 29.2 days. Calculate ABC Company's working capital at December 31, 2027.

Need ans general accounting question

the information in the photo wants me to find out the working capital and current ratio

ACCT 102 - Please Do Both Subparts

Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, December 31 prior year-end Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for salaries Bonds payable retired by Issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Land purchased by issuing long-term notes payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory $ 10,000 28,120 1,000 29,000 115,000 50,000 24, 500 66, 700 9,500 6,000 16,000 194,000 100,880 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current year ended December 31. Use a note disclosure for any noncash investing and financing activities. (Amounts to be deducted should be indicated with o minus sign.) FERRON COMPANY Statement of…

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Question 4 The following information has been extracted from the financial statements and the notes of Parvati Ltd. 2020 2019 $ 33 100 Cash assets Marketable securities $ 35900 100 300 107 000 Receivables 73900 166 800 72 500 Inventories 182 000 Prepaid expenses Property, plant and equipment Current liabilities 4200 300 000 6300 258 700 178 200 950 600 160 500 902 900 Revenue (sales on credit) Cost of sales 570 700 532 800 Additional Information: 1. Total expenses (excluding cost of sales) were $300,000 in 2020. 2. Non-Current Liabilities were $120,000 in 2020 Required (a) Calculate the following ratios for 2020 only. Current ratio (Current Assets / Curent Liabilities) Receivables turnover in days (Average Receivables / Credit Sales) * 365 Inventory turnover in days (Average inventory / COGS) * 365 Profit margin (Net Profit / Credit Sales) * 100 Return on owners equity (Net Profit / Total Equity) * 100 i. ii. iii. iv. v. (b) position of Parvati Ltd. Include in your comments any other…

SCORE: SECTION: PROFESSOR: Problem #21 Preparation of Financial Statements 2019: Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Allowance for Uncollectible Accounts Cash Calamba, Capital Calamba, Drawing Equipment Transportation In General Expenses (control) Interest Expense Merchandise Inventory, December 31 Notes Payable Prepaid Insurance P 677,820 545,070 462,870 18,790 132,310 612,000 326,400 753,150 224,880 149,390 35,000 1,320,420 299,000 7,350 5,407,160 43,050 259,600 499,600 Purchases Purchases Discounts Purchases Returns and Allowances Santiago, Capital Santiago, Drawing Sales Sales Returns and Allowances 244,800 7,155,000 375,750 385,880 Selling Expenses (control) There were no changes in the partners' Capital accounts during the year. The merchandise inventory at the beginning of the year was P1,440,590. The partnership agreement provides for salary allowances of P330,000 for Calamba and P290,000 for Santiago. It also stipulates an interest allowance…

Help | System Announcements Balance Sheet As of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $28,987 Accounts payable and accruals $154,807 Accounts receivable $142,845 Short-term notes payable $21,639 Inventory $212,722 Total current liabilities $176,446 Total current assets $384,554 Long term debt $155,510 Net plant and equipment $602,309 Total liabilities $331,956 Goodwill and cther assets $42,422 Common stock $314,932 Retained earnings $382,397 Total assets $1,029,285 Total liabilities and equity $1,029,285 In addition, it was reported that the firm had a net income of: $158,531 and net sales of: $4,338,283 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.): Current Ratio times Quick Ratio times Average Collection Period days Total Asset Turnever times Fixed Asset Turnover times Question

r O Part 6 of 6 1.7 points [The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Current Year 1 Year Ago 2 Years Ago $ 28,101 81,446 $ 33,180 $ 34,555 58,645 46,074 49,078 eBook Hint Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity 104,472 9,232 257,854 $ 481,105 $ 118,597 93,161 162,500 106,847 74,426 8,535 239,960 $414,746 $ 67,989 96,345 162,500 87,912 $ 481,105 $ 414,746 3,764 208,729 $ 342,200 $ 46,074 75,626 162,500 58,000 $ 342,200 For both the current year and one year ago, compute the following ratios: Print References The company's income statements for the Current Year and 1 Year Ago, follow. Other operating expenses Income tax expense Total costs and expenses Net income Earnings per share For Year Ended…

Detail of Certain Balance Sheet Accounts Current receivables September 30, 2023 October 1, 2022 Accounts receivable $ 10,179 $ 10,811 Other 2,266 1,999 Allowance for credit losses (115) (158) $ 12,330 $ 12,652 Parks, resorts and other property Attractions, buildings and improvements $ 35,255 $ 33,795 Furniture, fixtures and equipment 26,358 24,409 Land improvements 7,419 7,757 Leasehold improvements 1,058 1,037 70,090 66,998 Accumulated depreciation (42,610) (39,356) Projects in progress 6,285 4,814 Land 1,176 1,140 $ 34,941 $ 33,596

Privett Company Accounts payable Accounts receivable Accrued liabilities Cash $36,632 72,986 6,134 15,305 38,400 71,968 119,728 79,667 31,336 20,560 662,428 2,681 Based on the data for Privett Company, what is the amount of quick assets? Oa. $119,627 Ob. $781,037 Oc. $46,641 Od. $1,601,593 Intangible assets Inventory Long-term investments Long-term liabilities Marketable securities Notes payable (short-term) Property, plant, and equipment Prepaid expenses

Financial Accounting Question solve please i want urgent answer