Analyze the financial statements of the company to you in terms of: 1. Debt Management Ratio * TIE Ratio or Time Interest Earned Ratio2. Asset Management Ratio *Inventory Turnover Ratio *Fixed Asset Turnover Ratio *Total Asset Turnover Ratio2020 Analysis BUT also compare with 2018 - 2019.Show solution on computaion. Balance Sheet (Statement of Financial Position) ($ in Millions)12/31/20209/30/20209/30/20199/30/2018TTMASSETSCurrent AssetsCash, cash equivalents, and short-term investmentsCash and cash equivalents5,2645,0284,6322,7578,9384,3512,6878,756Short-term investments23628171182Receivables1,6491,2211,4721,2691,020Inventory, net of allowances, customer advances andprogress billingsInventoryPrepaid expenseDeferred tax assets1,5511,5291,4011,4721,5511,5291,401253228347507Other undisclosed current assets149126Total current assets:8,3587,8065,65412,494Noncurrent AssetsOperating lease, right-of-use assetProperty, plant and equipmentLong-term investments and receivablesLong-term investmentsIntangible assets, net (including goodwill)Goodwill8,1996,1788,1346,2416,4325,9294263363354263363354,2134,1494,2734,5843,5421,0423,7073,5973,491Intangible assets, net (excluding goodwill)Other noncurrent assetsDeferred tax assets, net506552782541569480412X135Other undisclosed noncurrent assets2,04821,5682,04613,5662,479268Total noncurrent assets:21,61111,66224,156TOTAL ASSETS:29,96829,37519,220LIABILITIES AND EQUITYLiabilitiesCurrent LiabilitiesAccounts payable and accrued liabilitiesAccounts payable3,4781,1793,5032,9534,9001,0519981,190Accrued liabilities1,6171,1611,7542,298Employee-related liabilitiesTaxes payableInterest and dividends payableDeferred revenue685696665150981,2921,8711,2431,4571,269XDebtDeferred compensation liabilitySelf insurance reserve1,68935091102214Deferred revenue and creditsDeferred tax liabilitiesXOther undisclosed current liabilities1,2681,1571,541Total current liabilities:7,8847,3476,1695,684Noncurrent LiabilitiesLong-term debt and lease obligationLong-term debt, excluding current maturitiesOperating lease, liabilityLiabilities, other than long-term debtDeferred revenueAsset retirement obligationsDeferred tax liabilities, net22,42822,32111,1679,09014,67414,66011,1679,0907,7557,6626,7456,6306,5986,8526,7443146,5991119682X270Other liabilitiesDerivative instruments and hedges, liabilitiesOther undisclosed noncurrent liabilities(39)7,89317,2963336129307611,26329,98937,87229,82737,174Total noncurrent liabilities:19,28225,451Total liabilities:22,981Stockholders' equityStockholders' equity attributable to parent, including:Common stock(7,910)(7,805)(6,232)1,1701111Additional paid in capitalAccumulated other comprehensive lossRetained earnings (accumulated deficit)Other additional capital4893744141(365)(7,816)(503)(5,771)(146)(330)1,457(8,254)Other undisclosed stockholders' equity attributable toparentStockholders' equity attributable to noncontrollinginterest6.1Total stockholders' equity:TOTAL LIABILITIES AND EQUITY:1,17624,156(7,904)(7,799)(6,231)29,96829,37519,220 Income Statement (P&L) ($in Millions)12/31/20209/30/20209/30/20199/30/2018TTMRevenues23,17023,51826,50924,720Revenue, netCost of revenue(17,368)(10,175)7,352(3,770)(18,317)(1,998)(18,459)(19,021)(8,527)Cost of goods and services soldGross profit:4,853(3,929)5,059(3,820)7,488(3,708)Operating expensesOther undisclosed operating income331323298301Operating income:1,2551,5624,0783,883Nonoperating expense(Investment Income, Nonoperating)Interest and debt expenseIncome from continuing operations before equity(466)790(331)3,747(170)3,713(437)1,125method investments, income taxes:Income from equity method investmentsOther undisclosed income from continuing operationsbefore income taxes39407192,062Income from continuing operations before income8291,1644,4665,780taxes:Income tax expense(167)662(872)3,595(1,262)(240)925Net income:4,518Net income (loss) attributable to noncontrollinginterest345Net income available to common stockholders,diluted:6659283,5994,518Comprehensive Income ($ in millions)12/31/2020TTM6629/30/20209/30/20199/30/20183,595(173)Net income:9254,518(175)4,343Other comprehensive income (loss)242134Comprehensive income:Comprehensive income (loss), net of tax, attributable9031,0593,422345to noncontrolling interestComprehensive income, net of tax, attributable toparent:9061,0623,4264,344

Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Analyze the financial statements of the company to you in terms of: 1. Debt Management Ratio * TIE Ratio or Time Interest Earned Ratio 2. Asset Management Ratio *Inventory Turnover Ratio *Fixed Asset Turnover Ratio *Total Asset Turnover Ratio 2020 Analysis BUT also compare with 2018 - 2019. Show solution on computaion.

Analyze the financial statements of the company to you in terms of: 1. Debt Management Ratio * TIE Ratio or Time Interest Earned Ratio 2. Asset Management Ratio Inventory Turnover Ratio Fixed Asset Turnover Ratio *Total Asset Turnover Ratio 2020 Analysis BUT also compare with 2018 - 2019. Show solution on computaion.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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In an economy, it has the following monetary asset information as of December 2019. Cash in the hands of the public = P300BDemand deposits = P400BOther Checkable Deposits = P150BTraveler’s checks = P50BSavings Type accounts = P2000BMoney Market Mutual Funds = P1000BSmall-Time Deposits = P500BLarge Time Deposits = P450B Determine the value of M1 and M2.
The Murdock Corporation reported the following balance sheet data for 2024 and 2023: 2024 2023 Cash $ 98,465 $ 34,355 Available-for-sale debt securities (not cash equivalents) 25,000 104,000 Accounts receivable 99,000 85,350 Inventory 184,000 162,100 Prepaid insurance 3,210 3,900 Land, buildings, and equipment 1,288,000 1,144,000 Accumulated depreciation (629,000) (591,000) Total assets $ 1,068,675 $ 942,705 Accounts payable $ 93,440 $ 167,670 Salaries payable 27,600 34,000 Notes payable (current) 42,100 94,000 Bonds payable 219,000 0 Common stock 300,000 300,000 Retained earnings 386,535 347,035 Total liabilities and shareholders' equity $ 1,068,675 $ 942,705 Additional information for 2024: (1) Sold available-for-sale debt securities costing $79,000 for $85,400. (2) Equipment costing $20,000 with a book value of $6,900 was sold for $8,850. (3) Issued 6% bonds payable at face value, $219,000. (4) Purchased new equipment for $164,000 cash. (5)…
3. Following information is available in respect of A LtdParticulars As on 31.3.2019(Rupees. In Lacs)As on 31.3.2020(Rupees. In Lacs)Investment in FinancialAssets- 100Equity Share Capital 150 160Long term Loans taken 100 200Dividend paid - 26Dividend received - 10Interest received - 15a. Prepare the cash flow from financing activities from the above information and givereasons for each element whether these elements belongs to financing activities or not. b. Calculate the relationship between the debt and equity for the year 2019 and 2020, andcomment
Condensed balance sheet and income statement data for Coronado Corporation are presented here. Coronado CorporationBalance SheetsDecember 31 2022 2021 2020 Cash $ 29,700 $ 17,300 $ 17,100 Accounts receivable (net) 49,500 45,800 49,000 Other current assets 89,800 95,700 63,900 Investments 55,100 69,300 45,600 Property, plant, and equipment (net) 500,800 369,900 358,000 $724,900 $598,000 $533,600 Current liabilities $84,500 $80,200 $69,100 Long-term debt 145,100 84,100 49,100 Common stock, $10 par 354,000 321,000 308,000 Retained earnings 141,300 112,700 107,400 $724,900 $598,000 $533,600 Coronado CorporationIncome StatementsFor the Years Ended December 31 2022 2021 Sales $744,500 $606,300 Less: Sales returns and allowances 40,900 29,700 Net…
Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial) 2020 2019Current assets Cash and cash equivalents $3,180 $1,836Accounts receivable, net 3,600 3,180Inventories 2,738 3,019Other current assets 1,932 1,590Total current assets $11,450 $9,625Current liabilities $4,830 $5,887 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1. Enter working capital answers to million.) Current ratio 2019 :12020 :1 Working capital 2019 $ million2020 $ million Link to Text
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he financial statements of Hollywood Estate are given below. Comparative Statements of Financial Position at: 30 September 2021 30 September 2020 Assets $ $ Current Assets Inventory 420 000 460 000 Accounts Receivable 390 000 320 000 Interest Receivable 4 000 9 000 Investments (Held for trading) 50 000 0 Cash in bank 75 000 0 Cash in hand 7 000 5 000 Total Current Assets 946 000 794 000 Non-Current Assets Property, Plant and Equipment (net) 584 000 510 000 TOTAL ASSETS 1 530 000 1 304 000 Liabilities and Shareholders’ Equity Current Liabilities Bank overdraft 0 70 000 Accounts Payable 550 000 400 000 Interest Payable 6 000 33 000 Income Tax Payable 100 000 90 000 Other Payables 30 000 0 Total Current Liabilities 686 000 593 000 Non-Current Liabilities…
The following is the balance sheet and income statement for Metro Eagle Outfitters, in condensed form, plus some information from the cash flow statement. Balance Sheet 2022 2021 2020 Cash and short-term investments $ 644,992 $ 759,044 $ 748,693 Accounts receivable 47,721 41,710 39,521 Inventory 346,452 395,514 315,208 Other current assets 116,635 119,220 98,988 Total current assets 1,155,800 1,315,488 1,202,410 Long-lived assets 575,832 626,482 572,802 Total assets $ 1,731,632 $ 1,941,970 $ 1,775,212 Current liabilities $ 467,902 $ 447,401 $ 401,837 Total liabilities 509,045 521,986 421,341 Shareholders’ equity 1,222,587 1,419,984 1,353,871 Total liabilities and equity $ 1,731,632 $ 1,941,970 $ 1,775,212 Income Statement Sales $ 3,478,602 $ 3,121,465 $ 2,948,094 Cost of sales 2,099,480 1,989,471 1,777,143 Gross margin $ 1,379,122 $ 1,131,994 $ 1,170,951 Operating expenses 975,684 855,385 852,176 Earnings before interest and taxes $…
UTV Corp. have the following account balances for the year ended December 31, 2020:DEBIT BALANCESAmountCash and cash equivalents400,000Accounts receivable900,000Raw materials560,000Goods in process600,000Finished goods1,400,000Financial assets at FVOCI2,500,000Sinking fund200,000Land1,000,000Building6,000,000Plant and equipment2,400,000Patent800,000Goodwill1,400,000Unrealized loss – FVOCI100,000Prepaid benefit cost20,000Treasury shares at cost250,000TOTAL18,530,000 CREDIT BALANCESAmountBank overdraft100,000Due from an officer50,000Allowance for bad debts40,000Accumulated depreciation – building1,600,000Accumulated depreciation – plant and equipment400,000Notes payable, due June 30, 20211,300,000Notes payable, due June 30, 20222,100,000Accounts payable1,000,000Provision180,000Warranty liabilities80,000Income tax payable120,000Finance lease liability180,000Deferred tax liability280,000Actuarial gain300,000Revaluation surplus360,000Share capital6,000,000Share premium2,000,000Retained…
Jamison Corp.'s balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2021 activities are presented below. December 31, 2021 2020 AssetsCash $ 440,000 $ 200,000Short-term investments 600,000 —Accounts receivable (net) 1,020,000 1,020,000Inventory 1,380,000 1,200,000Long-term investments 400,000 600,000Plant assets 3,400,000 2,000,000Accumulated depreciation (900,000)…
Here is comparative balance sheet for 2021 and 2022, stating each asset as a percent of total assests and each liability and stockholders' equity item as a percent of the total liabilities and stockholders' equity. 2020 (%) 2021 (%) Assets Cash 43,500 8.84 55,000 14.25 Inventory 22,000 4.47 23,500 6.09 Equipment and fixures 380,000 77.24 255,000 66.08 Supplies 3,800 0.77 4,100 1.06 Prepaid expenses 9,200 1.87 12,500 3.24 Store design/Buildout 27,000 5.49 27,000 7.00 Loan Fee 4,000 0.81 5,500 1.42 Advertising and Marketing 2,500 0.51 3,300 0.86 Total assets 492,000 100.00 385,900 100.00 Bank Loan 150,000 30.49 170,000 44.05 Other liability (Balancing figure) 292,000 59.35 170,900 44.29 Owner contribution 50,000 10.16 45,000 11.66 Total equity and liability 492,000 100.00 385,900 100.00 Please explain or make an assumption of the figure
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