ACC 345 Project Workbook 3-1 Milestone Two
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Southern New Hampshire University *
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430
Subject
Finance
Date
Feb 20, 2024
Type
xlsx
Pages
29
Uploaded by EpsylonGere
2018
2019
Assets
Current Assets
Cash and Cash Equivalents
$ 4,150.00 $ 5,418.00 Accounts Receivable Net
$ 9,334.00 $ 15,481.00 Inventory
$ 1,392.00 $ 1,649.00 Other Current Assets
$ 1,949.00 $ 5,576.00 Total Current Assets
$ 16,825.00 $ 28,124.00 Non-Current Assets
Property, Plant, and Equipment Net
$ 29,540.00 $ 31,603.00 Intangibles
$ 6,812.00 $ 23,215.00 Other Assets
$ 45,421.00 $ 111,042.00 Total Non-Current/Fixed Assets
$ 81,773.00 $ 165,860.00 Total Assets
$ 98,598.00 $ 193,984.00 Liabilities and Owners' Equity
Current Liabilities
Accounts Payable
$ 9,479.00 $ 17,762.00 Accrued Expenses and Other Current Liabilities
$ 3,790.00 $ 8,857.00 Current Portion of Debt and Leases
$ 4,591.00 $ 4,722.00 Total Current Liabilities
$ 17,860.00 $ 31,341.00 Long-Term Liabilities
Long-Term Debt and Lease Obligations
$ 17,084.00 $ 38,129.00 Other Long-Term Liabilities
$ 10,822.00 $ 30,625.00 Total Long-Term Liabilities
$ 27,906.00 $ 68,754.00 Total Liabilities
$ 45,766.00 $ 100,095.00 Owners' Equity
Common Stock, Less Treasury
$ (30,809.00) $ 53,000.00 Additional Paid in Capital
$ - $ - Retained Earnings
$ 82,679.00 $ 42,494.00 Other Equity
$ 962.00 $ (1,605.00)
Total Equity $ 52,832.00 $ 93,889.00
Total Liabilities & Equity $ 98,598.00 $ 193,984.00 $ - $ - Check Digit: This should be 0 or the balance sheet is out of balance. Check your work.
Walt Disney Company
Balance Sheet
For the Period October 1, 2018 - October 1, 2022
in millions
Financial Statements 2020
2021
2022
2018
$ 17,914.00 $ 15,959.00 $ 11,615.00 4.21%
$ 12,708.00 $ 13,367.00 $ 12,652.00 9.47%
$ 1,583.00 $ 1,331.00 $ 1,742.00 1.41%
$ 3,046.00 $ 3,000.00 $ 3,089.00 1.98%
$ 35,251.00 $ 33,657.00 $ 29,098.00 17.06%
$ 32,078.00 $ 32,624.00 $ 33,596.00 29.96%
$ 19,173.00 $ 17,115.00 $ 14,837.00 6.91%
$ 115,047.00 $ 120,213.00 $ 126,100.00 46.07%
$ 166,298.00 $ 169,952.00 $ 174,533.00 82.94%
$ 201,549.00 $ 203,609.00 $ 203,631.00 100.00%
$ 16,801.00 $ 20,894.00 $ 20,213.00 9.61%
$ 5,711.00 $ 5,866.00 $ 3,070.00 3.84%
$ 4,116.00 $ 4,317.00 $ 5,790.00 4.66%
$ 26,628.00 $ 31,077.00 $ 29,073.00 18.11%
$ 52,917.00 $ 48,540.00 $ 45,299.00 17.33%
$ 33,741.00 $ 30,981.00 $ 30,380.00 10.98%
$ 86,658.00 $ 79,521.00 $ 75,679.00 28.30%
$ 113,286.00 $ 110,598.00 $ 104,752.00 46.42%
$ 53,590.00 $ 54,564.00 $ 55,491.00 -31.25%
$ - $ - $ - 0.00%
$ 38,315.00 $ 40,429.00 $ 43,636.00 83.85%
$ (3,642.00)
$ (1,982.00) $ (248.00)
0.98%
$ 88,263.00 $ 93,011.00 $ 98,879.00 53.58%
$ 201,549.00 $ 203,609.00 $ 203,631.00 100.00%
$ - $ - $ -
Vertical Analysis, Common Size Statements 2019
2020
2021
2022
2.79%
8.89%
7.84%
5.70%
7.98%
6.31%
6.57%
6.21%
0.85%
0.79%
0.65%
0.86%
2.87%
1.51%
1.47%
1.52%
14.50%
17.49%
16.53%
14.29%
16.29%
15.92%
16.02%
16.50%
11.97%
9.51%
8.41%
7.29%
57.24%
57.08%
59.04%
61.93%
85.50%
82.51%
83.47%
85.71%
100.00%
100.00%
100.00%
100.00%
9.16%
8.34%
10.26%
9.93%
4.57%
2.83%
2.88%
1.51%
2.43%
2.04%
2.12%
2.84%
16.16%
13.21%
15.26%
14.28%
19.66%
26.26%
23.84%
22.25%
15.79%
16.74%
15.22%
14.92%
35.44%
43.00%
39.06%
37.16%
51.60%
56.21%
54.32%
51.44%
27.32%
26.59%
26.80%
27.25%
0.00%
0.00%
0.00%
0.00%
21.91%
19.01%
19.86%
21.43%
-0.83%
-1.81%
-0.97%
-0.12%
48.40%
43.79%
45.68%
48.56%
100.00%
100.00%
100.00%
100.00%
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Related Questions
Find the net book value of assets
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How much was the profit of the company
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SME Balance Sheet
2021
2020
Assets (in millions)
Cash
85.960
56.460
Receivables
89.560
80.670
Inventories
55.750
41.260
Other Current Assets
9.950
6.760
Total Current Assets
241.220
185.150
Net Property, Plant, and Equipment
78.970
68.930
Goodwill and Other Intangible Assets
103.110
104.360
Other Non-Current Assets
6.900
4.200
Total Assets
430.200
362.640
Total Liabilities and Shareholders' Equity
Payables
83.240
57.48
Current Debt
2.700
2.64
Total Current Liabilities
85.940
60.120
Long-Term Debt
122.000
119.62
Other Liabilities
21.880
22.58
Total Liabilities
229.820
202.320
Common Stock
200.380
160.32
Total Equity
200.38
160.32
Total Liabilities and Equity
430.200
362.640
INCOME STATEMENT
2021
Total Revenue (M)
488.10…
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SME Balance Sheet
2021
2020
Assets (in millions)
Cash
85.960
56.460
Receivables
89.560
80.670
Inventories
55.750
41.260
Other Current Assets
9.950
6.760
Total Current Assets
241.220
185.150
Net Property, Plant, and Equipment
78.970
68.930
Goodwill and Other Intangible Assets
103.110
104.360
Other Non-Current Assets
6.900
4.200
Total Assets
430.200
362.640
Total Liabilities and Shareholders' Equity
Payables
83.240
57.48
Current Debt
2.700
2.64
Total Current Liabilities
85.940
60.120
Long-Term Debt
122.000
119.62
Other Liabilities
21.880
22.58
Total Liabilities
229.820
202.320
Common Stock
200.380
160.32
Total Equity
200.38
160.32
Total Liabilities and Equity
430.200
362.640
INCOME STATEMENT
2021
Total Revenue (M)
488.10…
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SME Balance Sheet
2021
2020
Assets (in millions)
Cash
85.960
56.460
Receivables
89.560
80.670
Inventories
55.750
41.260
Other Current Assets
9.950
6.760
Total Current Assets
241.220
185.150
Net Property, Plant, and Equipment
78.970
68.930
Goodwill and Other Intangible Assets
103.110
104.360
Other Non-Current Assets
6.900
4.200
Total Assets
430.200
362.640
Total Liabilities and Shareholders' Equity
Payables
83.240
57.48
Current Debt
2.700
2.64
Total Current Liabilities
85.940
60.120
Long-Term Debt
122.000
119.62
Other Liabilities
21.880
22.58
Total Liabilities
229.820
202.320
Common Stock
200.380
160.32
Total Equity
200.38
160.32
Total Liabilities and Equity
430.200
362.640
INCOME STATEMENT
2021
Total Revenue (M)
488.10…
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SME Balance Sheet
2021
2020
Assets (in millions)
Cash
85.960
56.460
Receivables
89.560
80.670
Inventories
55.750
41.260
Other Current Assets
9.950
6.760
Total Current Assets
241.220
185.150
Net Property, Plant, and Equipment
78.970
68.930
Goodwill and Other Intangible Assets
103.110
104.360
Other Non-Current Assets
6.900
4.200
Total Assets
430.200
362.640
Total Liabilities and Shareholders' Equity
Payables
83.240
57.48
Current Debt
2.700
2.64
Total Current Liabilities
85.940
60.120
Long-Term Debt
122.000
119.62
Other Liabilities
21.880
22.58
Total Liabilities
229.820
202.320
Common Stock
200.380
160.32
Total Equity
200.38
160.32
Total Liabilities and Equity
430.200
362.640
INCOME STATEMENT
2021
Total Revenue (M)
488.10…
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SME Balance Sheet
2021
2020
Assets (in millions)
Cash
85.960
56.460
Receivables
89.560
80.670
Inventories
55.750
41.260
Other Current Assets
9.950
6.760
Total Current Assets
241.220
185.150
Net Property, Plant, and Equipment
78.970
68.930
Goodwill and Other Intangible Assets
103.110
104.360
Other Non-Current Assets
6.900
4.200
Total Assets
430.200
362.640
Total Liabilities and Shareholders' Equity
Payables
83.240
57.48
Current Debt
2.700
2.64
Total Current Liabilities
85.940
60.120
Long-Term Debt
122.000
119.62
Other Liabilities
21.880
22.58
Total Liabilities
229.820
202.320
Common Stock
200.380
160.32
Total Equity
200.38
160.32
Total Liabilities and Equity
430.200
362.640
INCOME STATEMENT
2021
Total Revenue (M)
488.10…
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SME Balance Sheet
2021
2020
Assets (in millions)
Cash
85.960
56.460
Receivables
89.560
80.670
Inventories
55.750
41.260
Other Current Assets
9.950
6.760
Total Current Assets
241.220
185.150
Net Property, Plant, and Equipment
78.970
68.930
Goodwill and Other Intangible Assets
103.110
104.360
Other Non-Current Assets
6.900
4.200
Total Assets
430.200
362.640
Total Liabilities and Shareholders' Equity
Payables
83.240
57.48
Current Debt
2.700
2.64
Total Current Liabilities
85.940
60.120
Long-Term Debt
122.000
119.62
Other Liabilities
21.880
22.58
Total Liabilities
229.820
202.320
Common Stock
200.380
160.32
Total Equity
200.38
160.32
Total Liabilities and Equity
430.200
362.640
INCOME STATEMENT
2021
Total Revenue (M)
488.10…
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SME Balance Sheet
2021
2020
Assets (in millions)
Cash
85.960
56.460
Receivables
89.560
80.670
Inventories
55.750
41.260
Other Current Assets
9.950
6.760
Total Current Assets
241.220
185.150
Net Property, Plant, and Equipment
78.970
68.930
Goodwill and Other Intangible Assets
103.110
104.360
Other Non-Current Assets
6.900
4.200
Total Assets
430.200
362.640
Total Liabilities and Shareholders' Equity
Payables
83.240
57.48
Current Debt
2.700
2.64
Total Current Liabilities
85.940
60.120
Long-Term Debt
122.000
119.62
Other Liabilities
21.880
22.58
Total Liabilities
229.820
202.320
Common Stock
200.380
160.32
Total Equity
200.38
160.32
Total Liabilities and Equity
430.200
362.640
INCOME STATEMENT
2021
Total Revenue (M)
488.10…
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SME Balance Sheet
2021
2020
Assets (in millions)
Cash
85.960
56.460
Receivables
89.560
80.670
Inventories
55.750
41.260
Other Current Assets
9.950
6.760
Total Current Assets
241.220
185.150
Net Property, Plant, and Equipment
78.970
68.930
Goodwill and Other Intangible Assets
103.110
104.360
Other Non-Current Assets
6.900
4.200
Total Assets
430.200
362.640
Total Liabilities and Shareholders' Equity
Payables
83.240
57.48
Current Debt
2.700
2.64
Total Current Liabilities
85.940
60.120
Long-Term Debt
122.000
119.62
Other Liabilities
21.880
22.58
Total Liabilities
229.820
202.320
Common Stock
200.380
160.32
Total Equity
200.38
160.32
Total Liabilities and Equity
430.200
362.640
INCOME STATEMENT
2021
Total Revenue (M)
488.10…
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What is the Asset Turnover Ratio in 2019?
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CRUZ, INCORPORATED
Comparative Balance Sheets
2021
At December 31
Assets
2020
Cash
Accounts receivable, net
Inventory
Prepaid expenses
Total current assets
$ 75,900
32,600
68, 300
4,200
181,000
$ 18,900
40,100
75,300
3,500
137,800
Furniture
Accumulated depreciation-Purniture
৪4, 600
(13,100)
$ 252,500
99, 200
(7,500)
$ 229,500
Total asseta
Liabilities and Equity
Accounts payable
Wages payable
Incone taxes payable
Total current liabilities
Notes payable (long-term)
Total liabilities
Equity
Comnon stock, $5 par value
Retained earnings
$ 11,900
7,100
1,200
20,200
24,800
45,000
$ 16,900
4,000
2,200
23,100
58,400
81,500
177,300
30,200
$ 252,500
141,500
6,500
$ 229,500
Total liabilities and equity
CRUZ, INCORPORATED
Incone Statement
For Year Ended Decenber 31, 2021
Sales
$ 392,900
252,900
140,000
Cost of goods sold
Gross profit
Operating expenses (excluding depreciation)
Depreciation expense
Incone before taxes
Incone taxes expense
71,600
30, 200
36, 200
13,900
$ 24,300
Net income
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Balance Sheet as at As at 30/9/16 As at 30/9/15 $ $ Assets Current assets- Cash 8,200 9,400 Accounts Receivable 107,000 103,500 Inventory 82,700 71,300 Non-current assets less accumulated depreciation 242,600 245,700 Total assets 440,500 429,900 Liabilities and Owners' equity Current liabilities 117,000 120,000 Loan (repayable in 2019) 152,000 150,000 Total liabilities 269,000 270,000 Owners' equity 171,500 159,900 Total Liabilities and Owners' equity 440,500 429,900 Summarised Income Statement of Bishan Enterprise for the year ended 30 September 2016 $ Sales 990,000 Cost of goods sold 580,000 Gross profit 410,000 Operating expenses 350,000 Net profit 60,000 · Note - The owner withdrew $48,400 during 2016. Required: Calculate…
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Kinder Company
Balance Sheet
December 31
2020
2019
Cash
$ 40,208
$ 11,424
Accounts receivable (net)
42,896
22,736
Inventory
39,200
47,040
Long-term investments
0
16,800
Property, plant & equipment
264,880
168,000
Accumulated depreciation
(42,224)
(28,000)
$344,960
$238,000
Accounts payable
$ 19,040
$ 29,680
Accrued liabilities
23,520
19,040
Long-term notes payable
78,400
56,000
Common stock
145,600
100,800
Retained earnings
78,400
32,480
$344,960
$238,000
Kinder Company
Income statement
December 31, 2020
Sales Revenue
$ 520,285
Cost of Goods Sold
(304,045)
Gross Profit
216,240
Operating Expenses
(137,056)
Depreciation Expense
(14,224)
Gain on Sale of Investment
14,560
Net Income
$79,520
Additional data:
1. Paid dividends of $33,600…
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Kinder Company
Balance Sheet
December 31
2020
2019
Cash
$ 40,208
$ 11,424
Accounts receivable (net)
42,896
22,736
Inventory
39,200
47,040
Long-term investments
0
16,800
Property, plant & equipment
264,880
168,000
Accumulated depreciation
(42,224)
(28,000)
$344,960
$238,000
Accounts payable
$ 19,040
$ 29,680
Accrued liabilities
23,520
19,040
Long-term notes payable
78,400
56,000
Common stock
145,600
100,800
Retained earnings
78,400
32,480
$344,960
$238,000
Kinder Company
Income statement
December 31, 2020
Sales Revenue
$ 520,285
Cost of Goods Sold
(304,045)
Gross Profit
216,240
Operating Expenses
(137,056)
Depreciation Expense
(14,224)
Gain on Sale of Investment
14,560
Net Income
$79,520
Additional data:
1. Paid dividends of $33,600…
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Computing Asset Related Ratios
J.M. Smucker included the following information in its April 2019 10-K.
$ millions
Apr. 30, 2019 Apr. 30, 2018
$8,151.5
214.2
127.0
939.3
2,294.3
334.7
3,695.3
(1,684.5)
$2,010.8
Sales
Depreciation expense
Land
Buildings and fixtures
Machinery and equipment
Construction in progress
Gross property, plant, and equipment
Accumulated depreciation
Total property, plant, and equipment
$124.9
845.1
2,217.1
220.6
3,407.7
(1,588.3)
$1,819.4
a. Compute PPE turnover for fiscal year ended April 30, 2019.
Round answer to one decimal place.
0
x
b. Compute the average useful life of depreciable assets at April 30, 2019.
Round answer to one decimal place.
0
x years
c. Compute the percentage used up of the PPE at April 30, 2019.
Round answer to one decimal place (ex: 0.2345 = 23.5%)
0
* %
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Computing Asset Related Ratios
J.M. Smucker included the following information in its April 2019 10-K.
$ millions
Apr. 30, 2019
Apr. 30, 2018
Sales
$7,838.0
Depreciation expense
206.0
Land
122.1
$120.1
Buildings and fixtures
903.2
812.6
Machinery and equipment
2,185.0
2,111.5
Construction in progress
321.8
212.1
Gross property, plant, and equipment
3,532.1
3,256.3
Accumulated depreciation
(1,619.7)
(1,527.2)
Total property, plant, and equipment
$1,912.4
$1,729.1
a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place.Answer
b. Compute the average useful life of depreciable assets at April 30, 2019.Round answer to one decimal place.Answer
yearsc. Compute the percentage used up of the PPE at April 30, 2019.Round answer to one decimal place (ex: 0.2345 = 23.5%)
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statement of cash flow
2019 GH¢’000
2018 GH¢’000
2017 GH¢’000
Cash flows from operating activities
Profit before income tax
32,548
35,430
11,576
Adjustments for:
- Depreciation
56,108
58,326
54,759
- Amortisation
1,185
971
563
- Loss/(profit) on disposal of property, plant and equipment
2,242
(9)
(566)
- Impairment charge
1,110
534
43
- Finance cost
19,579
19,392
30,724
- Finance income
(2,245)…
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statement of cash flow
2019 GH¢’000
2018 GH¢’000
2017 GH¢’000
Cash flows from operating activities
Profit before income tax
32,548
35,430
11,576
Adjustments for:
- Depreciation
56,108
58,326
54,759
- Amortisation
1,185
971
563
- Loss/(profit) on disposal of property, plant and equipment
2,242
(9)
(566)
- Impairment charge
1,110
534
43
- Finance cost
19,579
19,392
30,724
- Finance income
(2,245)…
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How do I find the ROA (return over assets for year 2021 and 2020?
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Account
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Need a brief description for Assets distribution in Case Stuady 5 to 6 sentences
ASSETS DISTRIBUTION
END OF YEAR 2019
ASSETS
Cash, cash equivalents & Investments
$ 239,784
Accounts receivables & Prepaid expenses
$ 54,458
Inventory
$ 59,088
Fixed Assets
$ 188,455
Goodwill & Trademarks
$ 248,261
Other Assets
$ 187,818
TOTAL
$ 977,864
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Е.
The income statement , statement of retained earnings and balance sheet of Somerville
Company are as follows:
Somerville Company
Income Statement
For the Year Ended December 31, 2019
Amount
Percent
Net sales
8,281,989
100.0%
Less: Cost of goods sold
Gross margin
Less: Operating expenses
Operating income
(5,383,293)
2,898,696
(1,323,368)
1,575,328
(50,000)
1,525,328
65.0
35.0
16.0
19.0
Less: Interest expense
Income before taxes
0.6
18.4
Less: Income taxes (40%)
(610,131)
915.197
7.4
Net income
11.0
Somerville Company
Statement of Retained Earnings
For the Year Ended December 31, 2019
Balance, beginning of period
1,979,155
Net income
915,197
Total
2,894,352
(80,000)
(201,887)
2.612.465
Less: Preferred dividends
Dividends to common stockholders
Balance, end of period
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Computing Asset Related Ratios
J.M. Smucker included the following information in its April 2019 10-K.
$ millions
Apr. 30, 2019
Apr. 30, 2018
Sales
$7,916.4
Depreciation expense
208.1
Land
123.3
$121.3
Buildings and fixtures
912.2
820.7
Machinery and equipment
2,250.6
2,174.8
Construction in progress
325.0
214.2
Gross property, plant, and equipment
3,611.1
3,331.0
Accumulated depreciation
(1,635.9)
(1,542.5)
Total property, plant, and equipment
$1,975.2
$1,788.5
a. Compute PPE turnover for fiscal year ended April 30, 2019.Round answer to one decimal place.Answerb. Compute the average useful life of depreciable assets at April 30, 2019.Round answer to one decimal place.Answer yearsc. Compute the percentage used up of the PPE at April 30, 2019.Round answer to one decimal place (ex: 0.2345 = 23.5%)Answer%
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Balance Sheets as of December 31
2021
2020
Assets
Cash and equivalents
$ 12,000
$ 11,000
Accounts receivable
35,000
20,000
Inventories
30,935
17,000
Total current assets
$ 77,935
$ 48,000
Net plant and equipment
47,000
46,000
Total assets
$124,935
$94,000
Liabilities and Equity
Accounts payable
$ 10,200
$ 8,500
Accruals
8,000
6,000
Notes payable
6,400
5,350
Total current liabilities
$ 24,600
$ 19,850
Long-term bonds
10,000
10,000
Total liabilities
$ 34,600
$ 29,850
Common stock (4,000 shares)
50,000
50,000
Retained earnings
40,335
14,150
Common equity
$ 90,335
$ 64,150
Total liabilities and equity
$124,935
$94,000
Income Statement for Year Ending December 31, 2021
Sales
$197,000
Operating costs excluding depreciation and amortization
150,000
EBITDA
$ 47,000
Depreciation & amortization
8,000
EBIT
$ 39,000
Interest
850
EBT
$ 38,150
Taxes (25%)
9,537.50
Net income…
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COMPARATIVE BALANCE SHEET
S OF DECEMBER 31,2020 AND 2019
$1,800
1,750
1,600
$1,150
1,300
1,000
1,700
(1,170)
1,420
Cash
Recetvables
Inventory
Plant assets
(1,200 )
1,300
$7,150
Accumulated depreclatlon
Long-term Investments (held-to-maturity)
$6,300
Accounts payable
Accrued llabilitles
200
250
Bonds payable
1,400
1,550
Common stock
1,700
Retained eamings
2,450
$7,150
$6,300
PAT METHENY COMPANY
INCOME STATEMENT
FOR THE YEAR ENDED DECEMBER 31, 2020
$5,900
4,200
sales revEnue
Pjos spoo6 jo j50
Selling and administrative expenses
Income fron operations
930
1,270
Other revenues and gains
Gain on sale of Investrments
Income befare tax
1,350
Income tax expense
540
Net incoE
Cash dy deds
266
Income retained In business
Add tional information:
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King Limited
Statement of Financial Position
at 31 December
2020
2019
%24
Current Assets
Cash
%24
104,000
360,000
180,000
260,000
Accounts receivable
Inventory
Prepayments
Total current assets
400,000
50.000
390.000
460.000
30000
954,000
Non-Current Assets
Land
Plant and eqguipment
Accumulated depreciation - Plant and
equipment
Total non-current assets
1,500,000
1400,000
(500.000)
1,200,000
1,000,000
(400,000)
2400000
3,354,000
1800.000
2,690,000
Total assets
Current Liabilities
Accounts payable
Accrued expenses
Income taxes payable
Total current liabilities
260,000
136,000
180,000
576,000
296,000
126,000
220.000
642.000
Non-Current Liabilities
Long-term bank loan payable
Total llabilities
700,000
1,276,000
600,000
1.242.000
Common Stock
Retained earnings
Total stockholders' equity
Total liabilities and stockholders' equity
B00,000
648,000
1448.000
2.690.000
1100,000
978,000
2.078,000
3,354.000
King Limited
Statement of Profit or Loss
For Year Ended 31 December 2020
Sales revenue
Cost…
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LOGIC COMPANY
Comparative Income Statement
For Years Ended December 31, 2017 and 2018
2018
2017
$20,600 $16,200
800
Gross sales
100
Sales returns and allowances
$19,800 $16,100
11,600
$ 8,200 $ 7,500
Net sales
8,600
Cost of merchandise (goods) sold
Gross profit
Operating expenses:
Depreciation
Selling and administrative
Research
$
3,400
860 $
680
2,800
710
580
Miscellaneous
520
380
$ 5,490 $ 4,440
$ 2,710 $ 3,060
Total operating expenses
Income before interest and taxes
Interest expense
720
580
$ 1,990 $ 2,480
796
Income before taxes
Provision for taxes
992
Net income
$ 1,194 $ 1,488
LOGIC COMPANY
Comparative Balance Sheet
December 31, 2017 and 2018
2018
2017
Assets
Current assets:
Cash
$12,800 $ 9,800
13,300
14,800
10.800
Accounts receivable
17,300
9,300
Merchandise inventory
Prepaid expenses
24.800
Prou
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2019
2018
2018
2019
Liabilities and Owners' Equity
Current lablities
Assets
Current assets
88,509
$ 185,922 S 193,611
Cash
$ 70,322 $
Accounts payable
81,020
132,588
Accounts
receivable
Notes payable
66,281
86,639
178,920
Inventory
114,322
Total
$266,942 S 326,199
354,068
Total
$250,925
Long term debt
$229,000 S 165,750
Owners' equity
Common stock and paid-in
surplus
Accumulated retained
$226,000 $226,000
187,930
226,197
earnings
Fixed assets
$ 413.930 S 452.197
Net plant and
equipment
Total
$658.947 590,078
944 146 Total liabilities and owners'
$909,872 $ 944146
Total assets
$909.872 S
equity
a. Current ratio. (Do not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
b. Quick ratio. (Do not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
c. Cash ratio. (Do not round intermediate calculations and round your answers to 2
decimal places, e.g., 32.16.)
d. Debt-equity ratio and equity multiplier. (Do not…
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Computron's Balance Sheets (Millions of Dollars)
2019
2020
Assets
Cash and equivalents
$ 60
$ 50
Short-term investments
100
10
Accounts receivable
400
520
Inventories
620
820
Total current assets
$ 1,180
$ 1,400
Gross fixed assets
$ 3,900
$ 4,820
Less: Accumulated depreciation
1,000
1,320
Net fixed assets
$ 2,900
$ 3,500
Total assets
$ 4,080
$ 4,900
Liabilities and equity
Accounts payable
$ 300
$ 400
Notes payable
50
250
Accruals
200
240
Total current liabilities
$ 550
$ 890
Long-term bonds
800
1,100
Total liabilities
$ 1,350
$ 1,990
Common stock
1,000
1,000
Retained earnings
1,730
1,910
Total equity
$ 2,730
$ 2,910
Total liabilities and equity
$ 4,080
$ 4,900
Computron's Income Statement (Millions of Dollars)
2019
2020
Net sales
$ 5,500
$ 6,000
Cost of goods sold (Excluding depr. & amort.)
4,300
4,800
Depreciation and amortizationa
290
320
Other operating expenses
350
420
Total operating…
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Computron's Balance Sheets (Millions of Dollars)
2019
2020
Assets
Cash and equivalents
$ 60
$ 50
Short-term investments
100
10
Accounts receivable
400
520
Inventories
620
820
Total current assets
$ 1,180
$ 1,400
Gross fixed assets
$ 3,900
$ 4,820
Less: Accumulated depreciation
1,000
1,320
Net fixed assets
$ 2,900
$ 3,500
Total assets
$ 4,080
$ 4,900
Liabilities and equity
Accounts payable
$ 300
$ 400
Notes payable
50
250
Accruals
200
240
Total current liabilities
$ 550
$ 890
Long-term bonds
800
1,100
Total liabilities
$ 1,350
$ 1,990
Common stock
1,000
1,000
Retained earnings
1,730
1,910
Total equity
$ 2,730
$ 2,910
Total liabilities and equity
$ 4,080
$ 4,900
Computron's Income Statement (Millions of Dollars)
2019
2020
Net sales
$ 5,500
$ 6,000
Cost of goods sold (Excluding depr. & amort.)
4,300
4,800
Depreciation and amortizationa
290
320
Other operating expenses
350
420
Total operating…
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Current ratio for the year 2020?
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Daidnice oneels as of December
2021
2020
Assets
Cash and equivalents
$ 14,000
$ 12,000
Accounts receivable
Inventories
35,000
30,000
34,845
29,000
Total current assets
$ 83,845
$ 71,000
Net plant and equipment
49,000
46,000
Total assets
$132,845
$117,000
Liabilities and Equity
Accounts payable
$10,500
$9,500
Accruals
8,000
5,000
Notes payable
6,600
5,300
Total current liabilities
$ 25,100
$ 19,800
Long-term bonds
20,000
20,000
Total liabilities
$ 45,100
$ 39,800
Common stock (4,000 shares)
60,000
60.000
Retained earnings
Common equity
Total liabilities and equity
27,745
17,200
$ 87,745
$ 77,200
$132,845
$117,000
Income Statement for Year Ending December 31, 2021
Sales
$215,000
Operating costs excluding depreciation and amortization
EBITDA
170,000
$ 45,000
Depreciation & amortization
7,000
EBIT
Interest
$ 38,000
EBT
Taxes (25%)
Net income
Dividends paid
700
$ 37,300
9,325.00
$27.975.00
$17,430.00
Enter your answers in millions. For example, an answer of $25,000,000,000 should be entered…
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Calculate the following Ratio:
Current ratio
Liquid Ratio
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Figures are in millions.
Total assets
Total liabilities
Net sales
Net income
December 31, 2019
$930.90
197.10
515.70
80.70
December 31, 2018
$920.10
208.60
517.40
67.20
Find Asset turnover, return on assets and profit margin on sales for the
year 2019?
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What is the total asset turnover of Nezuko Inc
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Saved
16 Homework O
Complete a horizontal analysis for Brown Company. (Negative answers should be indicated by a minus sign. Leave no cells blank -
be certain to enter "0" wherever required. Round the "percent" answers to the nearest hundredth percent.)
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