Balance Sheet. Dec 31' 2014 Dec 31' 2013 Dec 31' 2012 Cash And Cash Equivalents 768'000 860'000 1'305'000 Net Receivables 1'124'000 950'000 914'000 Inventory 404'000 396'000 415'000 Total Current Assets 2'499'000 2'383'000 2'827'000 Total Assets 26'125'000 26'562'000 27'066'000 Accounts Payable 2'120'000 2'090'000 1'942'000 Total Current Liabilities 2'257'000 2'142'000 2'349'000 Total Liabilities 21'373'000 22'199'000 24'765'000 Total Stockholder Equity 4'752'000 4'363'000 2'301'000 Calculate the Debt-to Equity Ratio for 2013 and 2014

Balance Sheet. Dec 31' 2014 Dec 31' 2013 Dec 31' 2012 Cash And Cash Equivalents 768'000 860'000 1'305'000 Net Receivables 1'124'000 950'000 914'000 Inventory 404'000 396'000 415'000 Total Current Assets 2'499'000 2'383'000 2'827'000 Total Assets 26'125'000 26'562'000 27'066'000 Accounts Payable 2'120'000 2'090'000 1'942'000 Total Current Liabilities 2'257'000 2'142'000 2'349'000 Total Liabilities 21'373'000 22'199'000 24'765'000 Total Stockholder Equity 4'752'000 4'363'000 2'301'000 Calculate the Debt-to Equity Ratio for 2013 and 2014

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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Assets ($) 2019 2018 2017 Cash on Hand & at Banks 5936423 4037185 5960614 Accounts Receivable Net 1470879 1404974 1582153 Notes Receivable 0 0 0 Post Dated Cheques 29875 494480 400000 Short Term Investments 79029 79635 77462 Inventory 2480573 3663516 2230840 Spare Parts 296355 302883 325156 Total Current Assets 10648691 10431007 10628454 Long Term Investments 24000 24000 24000 Fixed Assets Net 1209909 1078634 1148657 Lands 151173 151173 0 Projects in Progress 5356 4378 0 Total Fixed Assets 1366438 1234185 1148657 Other Assets 0 0 0 Total Assets 12039129 11689192 11801111 Liabilities ($) 2019 2018 2017 Accounts and Notes Payable 989423 528431 423042 Credit Banks 0 88265 0 Short Term Loans 0 0 0 Accrued Part of Long Term Loans 0 0 0 Total Current Liabilities 1766230 1338167 1218900 Long Term Loans & Notes Payable 0 0 0 Corporate Bonds 0 0 0 Other Liabilities 0 0 0 Total Liabilities 1766230 1338167 1218900 Shareholders…
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1. Tranvia Company revealed the following information on December 31, 2020:Cash in checking account 350,000Cash in money market account 750,000Treasury bill, purchased November 1, 2020maturing January 31, 2021 3,500,000Time deposit purchased December 1, 2020maturing March 31, 2021 4,000,000 What amount should be reported as cash and cash equivalents on December 31, 2020? 2. Affable Company provided the following information at year-end comprising the cashaccount:Cash in bank – demand deposit 5,000,000Cash on hand 400,000Postage stamps unused 5,000Certificate of time deposit 1,500,000Money order 50,000Manager check 100,000Traveler check 1,000,000Postdated customer check 500,000 What total amount should be reported as cash at year end? 3. Thor Company provided the following data on December 31, 2020:Checkbook balance 4,000,000Bank statement balance 5,000,000Check drawn on Thor’s account, payable to supplier,dated and recorded on December 31, 2020 but notmailed until January 31, 2021…
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