Balance Sheet- week 2

Assets Current assets Net fixed assets INCOME STATEMENT, 2022 (Figures in $ millions) Revenue Cost of goods sold Depreciation Interest expense 2021 $ 101 2022 $ 195 910 1,010 $ 2,005 1,085 405 251 Req A and B Req C and D BALANCE SHEET AT END OF YEAR (Figures in $ millions) Liabilities and Shareholders' Equity Current liabilities Long-term debt Req E Complete this question by entering your answers in the tabs below. a&b. What is shareholders' equity in 2021 and 2022? c&d. What is net working capital in 2021 and 2022? e. What are taxes paid in 2022? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2022? g.Net fixed assets increased from $910 million to $1,010 million during 2022. What must have been South Sea's gross investment in fixed assets during 2022? Answer is complete but not entirely correct. h. If South Sea reduced its outstanding accounts payable by $46 million during the year, what must have happened to its other current…

What does this tell us about a company?

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…

Need help ASAP :(

Question Connor Tax Services reported net income of £6,500. Listed below is the classified statement of financial position for connor Tax Services for 2020. Required: Calculate CONNOR Tax Service's Return on Assets. Show all your calculations!

Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Receivables         18,500 Total Assets        120,000 Current Liabilities         42,000 total liabilities           75,000 Profit after Tax         15,000     Select one: a. The correct answer not available b. 0.205 c. 0.137 d. 0.150 e. 0.125

QUESTION ONE: The balance sheets of Choolwe & Co Ltd for the years ended 2017, 2018 and 2019 are as follows: Choolwe & Co Ltd Balance sheets at 31 December                                                                                             2017              2018             2019                                                                                             K000              K000             K000 Non-current assets Plant and equipment                                                    13,200            16,110          16,410 Current assets Inventory                                                                           2,190              2,280             2,490 Trade debtors                                                                   2, 040             2,100             2,430 Short-term investments                                                 4,200               1,800            1,290 Cash at bank and in hand…

What is the gross fixed asset What is the net fixed asset What is the total asset What is the notes payable What is the total of liabilities and stock holders equity

Sagar

BALANCE SHEET AT END OF YEAR           (Figures in $ millions)           Assets 2021 2022 Liabilities and Shareholders' Equity 2021 2022 Current assets $ 102 $ 200 Current liabilities $ 74 $ 96 Net fixed assets 920 1,020 Long-term debt 660 870 INCOME STATEMENT, 2022   (Figures in $ millions)   Revenue $ 2,010 Cost of goods sold 1,090 Depreciation 410 Interest expense 252     g. Net fixed assets increased from $920 million to $1,020 million during 2022. What must have been South Sea’s gross investment in fixed assets during 2022?........... (M1)

Problem 3: The records of ABC Trading for the current year show the following: December 31, 2020 January 1, 2020 500,000 150,000 Assets 300,000 Liabilities 50,000 During the year, the sole proprietor made a total withdrawal from the business amounting to 240,000. Using the information above, how much is the net taxable income using the Net Asset Approach?

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?

Lk7.

فاطمة غبشان أمس 4:41 م The XYZ Company had the following income statement on 31.12.2020 Deprecation 12000 Net income 85000 OMR The following accounts decreased during 2020: Accounts receivable 18000 inventory 22000 OMR, Rent payable 6000, Machinery 15000 OMR The following accounts increased during 2020:Notes receivable 12000 Accounts Payable 11000 long term Bonds payable 30000 OMR Calculate cash flows from operating activities اخترأحد الخیارات a. 149000 OMR O b. 145000 OMR O c. 130000 OMR d. NONE OF THESE

WESTON ENTERPRISES 2019 and 2020 Partial Balance Sheets Assets Liabilities and Owners’ Equity 2019 2020 2019 2020 Current assets $ 1,248 $ 1,305 Current liabilities $ 568 $ 600 Net fixed assets 5,777 6,023 Long-term debt 3,228 3,489 WESTON ENTERPRISES 2020 Income Statement Sales $ 17,529 Costs 5,203 Depreciation 1,532 Interest paid 708 a. What was owners' equity for 2019 and 2020? (Do not round intermediate calculations.) b. What was the change in net working capital for 2020? (Do not round intermediate calculations.) c-1. In 2020, the company purchased $3,110 in new fixed assets. How much in fixed assets did the company sell? (Do not round intermediate calculations.) c-2. In 2020, the company purchased $3,110 in new fixed assets. What was the cash flow from assets for the year? The tax rate is 25 percent. (Do not round intermediate calculations.) d-1. During 2020, the company raised $772 in new…

X Company collected P12350 in interest during 2019 X showed P1,850 in interest on its December 31, 2021 statement of financial position and P5,300 on December 31, 2020 How much is the Interest Revenue to be reported on X's statement of comprehensive income in 2021?

Following information relate to Hawke Ltd for the financial year ended 2020  Hawke Ltd  Statement of Financial position  As at 30 June 2020     2020  2019 Assets      Cash at bank  84200  100000  Accounts receivable  208000  172000  Inventory  200000  208000  Prepaid insurance  12000  20000  Interest receivable  400  600  Investments  80000  40000  Plant and equipment  800000  720000  Less: Accumulated depreciation  -200000  -180000  Total assets   1184600   1080600   Liabilities       Accounts payable  152000  128000  Provision for employee benefits  24000  16000  Other expenses payable  8000  12000  Equity                       Share capital  800000  800000  Retained earnings  200600  124600  Total liabilities and equity   1184600   1080600       Hawke Ltd  Statement of Financial performance  For the period ended 30 June 2020…

Following information relate to Hawke Ltd for the financial year ended 2020  Hawke Ltd  Statement of Financial position  As at 30 June 2020     2020  2019 Assets      Cash at bank  84200  100000  Accounts receivable  208000  172000  Inventory  200000  208000  Prepaid insurance  12000  20000  Interest receivable  400  600  Investments  80000  40000  Plant and equipment  800000  720000  Less: Accumulated depreciation  -200000  -180000  Total assets   1184600   1080600   Liabilities       Accounts payable  152000  128000  Provision for employee benefits  24000  16000  Other expenses payable  8000  12000  Equity                       Share capital  800000  800000  Retained earnings  200600  124600  Total liabilities and equity   1184600   1080600       Hawke Ltd  Statement of Financial performance  For the period ended 30 June 2020…

Following information relate to Hawke Ltd for the financial year ended 2020  Hawke Ltd  Statement of Financial position  As at 30 June 2020     2020  2019 Assets      Cash at bank  84200  100000  Accounts receivable  208000  172000  Inventory  200000  208000  Prepaid insurance  12000  20000  Interest receivable  400  600  Investments  80000  40000  Plant and equipment  800000  720000  Less: Accumulated depreciation  -200000  -180000  Total assets   1184600   1080600   Liabilities       Accounts payable  152000  128000  Provision for employee benefits  24000  16000  Other expenses payable  8000  12000  Equity                      Share capital  800000  800000  Retained earnings  200600  124600  Total liabilities and equity   1184600   1080600   Hawke Ltd  Statement of Financial performance  For the period ended 30 June 2020…

Following information relate to Hawke Ltd for the financial year ended 2020  Hawke Ltd  Statement of Financial position  As at 30 June 2020     2020  2019 Assets      Cash at bank  84200  100000  Accounts receivable  208000  172000  Inventory  200000  208000  Prepaid insurance  12000  20000  Interest receivable  400  600  Investments  80000  40000  Plant and equipment  800000  720000  Less: Accumulated depreciation  -200000  -180000  Total assets   1184600   1080600   Liabilities       Accounts payable  152000  128000  Provision for employee benefits  24000  16000  Other expenses payable  8000  12000  Equity                       Share capital  800000  800000  Retained earnings  200600  124600  Total liabilities and equity   1184600   1080600       Hawke Ltd  Statement of Financial performance  For the period ended 30 June 2020…

Following information relate to Hawke Ltd for the financial year ended 2020  Hawke Ltd  Statement of Financial position  As at 30 June 2020     2020  2019 Assets      Cash at bank  84200  100000  Accounts receivable  208000  172000  Inventory  200000  208000  Prepaid insurance  12000  20000  Interest receivable  400  600  Investments  80000  40000  Plant and equipment  800000  720000  Less: Accumulated depreciation  -200000  -180000  Total assets   1184600   1080600   Liabilities       Accounts payable  152000  128000  Provision for employee benefits  24000  16000  Other expenses payable  8000  12000  Equity                      Share capital  800000  800000  Retained earnings  200600  124600  Total liabilities and equity   1184600   1080600   Hawke Ltd  Statement of Financial performance  For the period ended 30 June 2020…

Instructions: Kindly make an analysis about the asset management ratio (Receivable Turnover, Fixed Asset Turnover, and Total Asset turnover) of SM Investment Corporation.

Year Net Income Cumulative (Loss) Net Income 2018 6,500,000 6,500,000 2019 400,000 What is the cumulative income? Select one: a. OMR 6,500,000 b. None of the other points c. OMR 6,900,000 d. OMR 6,100,000

left numbers are 2025 right column is 2024. i need to figure out B. asset turnover C return on assets D. return on common stockholder equity.

Calculate the average life, average age, and asset turnover ratios for Exxon Mobil. Discuss what each ratio tells you in the context of your chosen company. Calculate the accounts receivable turnover ratio and convert that ratio into days. Discuss what each ratio tells you in the context of your chosen company. Assets Fiscal year is January-December. All values USD millions. 2018 2019   Cash & Short Term Investments 3.04B 3.09B   Cash Only 3.04B 3.09B   Short-Term Investments - -   Total Accounts Receivable 24.7B 26.97B   Accounts Receivables, Net 19.64B 21.1B   Accounts Receivables, Gross 20.04B 21.51B   Bad Debt/Doubtful Accounts (400M) (405M)   Other Receivables 5.06B 5.87B   Inventories 18.96B 18.53B   Finished Goods 14.8B 14.01B   Work in Progress - -   Raw Materials 4.16B 4.52B   Progress Payments & Other - -   Other Current Assets 1.27B 1.47B…

Accounting

Required Consider the following selected financial information for Green Woods Company. Green Woods Company Green Woods Company Balance Sheet For the Year Euded December 31, 2019 & 2020 Income Statement For the Year Ended December 31, 2020 2020 2019 Assets $230 $480 Revenues $9.000 Accounts RecEvable n tories: $510 $590 5960 S980 S3.140 $2 150 $15201.(S80) Less: Depreciation expense S650 Less Other operating expenses 7 100 Plaat & Egupoent Less AccmaNDepecabon Total Assets Liabilities & OE Less Interest Expense 440 S810 S170 5550 S120 $280 S& 30 S910 $1 100 $1.550 Income before income taxes Accounts Payalik ncome Tax Payable Lenp Term De Comman StocK Retained Eatr $270 00 Income tax expense Net income S510 01S S3.310 $3.310 00ES Total Liebilitiess and 0 E