Please help me to solve all ratios Question 4XYZ LimitedStatement of Cash Flows for the year ended 12/31/x1Cash flows from operating activitiesCash receipts from customersCash paid to suppliersCash paid to employeesCash generated from operations.Interest paidIncome taxes paidNet cash from operating activitiesCash flows from investing activitiesPurchase of property, plant, and equipmentProceeds from sale of equipmentNet cash used in investing activitiesCash flows from financing activitiesProceeds from issuance of common stock.Proceeds from issuance of long-term debtPrincipal payments under capital lease obligationDividends paidNet cash used in financing activitiesNet increase in cash and cash equivalents2$45,800,000(29,800,000)(11,200,000)4,800,000Required:Calculate the following ratios:a. Short term liquidityb. Internal cash-generating capacityc. Debt relianced. Cash adequacy(310,000)(1,700,000)(580,000)110,0001,000,000500,000(10,000)(450,000)Cash and cash equivalents at beginning of periodCash and cash equivalents at end of periodAdditional Information:1. Creditors balance for the year ended 12/31/x1 is $25000.2. Long term loan balance is $50000.3. Accrued expenses of $1500.$2,790,000(470,000)1,040,0003,360,0001,640,000$5,000,000

According to the given question, we are required to compute the financial ratios of XYZ Limited.…

Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Additional Information: 1. Creditors balance for the year ended 12/31/x1 is $25000. 2. Long term loan balance is $50000. 3. Accrued expenses of $1500. Required: Calculate the following ratios: a. Short term liquidity b. Internal cash-generating capacity c. Debt reliance d. Cash adequacy 1,640,000 $5,000,000

Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Additional Information: 1. Creditors balance for the year ended 12/31/x1 is $25000. 2. Long term loan balance is $50000. 3. Accrued expenses of $1500. Required: Calculate the following ratios: a. Short term liquidity b. Internal cash-generating capacity c. Debt reliance d. Cash adequacy 1,640,000 $5,000,000

Accounting

27th Edition

ISBN:9781337272094

Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 16.18EX: Statement of cash flowsindirect method The following statement of cash flows for Shasta Inc. was not...

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Statement of cash flowsindirect method The following statement of cash flows for Shasta Inc. was not correctly prepared: Shasta Inc. Statement of Cash Flows For the Year Ended December 31, 20Y9 Cash flows from operating activities: Net income............................................. 360,000 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation......................................... 100,800 Gain on sale of investments........................... 17,280 Changes in current operating assets are liabilities: Increase in accounts receivable...................... 27,360 Increase in inventories.............................. (36,000) Increase in accounts payable........................ (3,600) Decrease in accrued expenses payable............... (12,400) Net cash flow from operating activities................... 463,440 Cash flows from (used for) investing activities: Cash from sale of investments............................ 240,000 Cash used for purchase of land........................... (259,200) Cash used for purchase of equipment..................... (432,000) Net cash flow used for investing activities................. (415,200) Cash flows from (used for) financing activities: Cash from sale of common stock......................... 312,000 Cash used for dividends................................. (132,000) Net cash flow from financing activities.................... 180,000 Increase (decrease) in cash.................................. 47,760 Cash at the end of the year.................................. 192,240 Cash at the beginning of the year............................ 240,000 a. List the errors you find in the statement of cash flows. The cash balance at the beginning of the year was 240,000. All other amounts are correct, except the cash balance at the end of the year. b. Prepare a corrected statement of cash flows.
Statement of cash flowsindirect method The comparative balance sheet of Harris Industries Inc. at December 31, 20Y4 and 20Y3, is as follows: Dec 31, 20Y4 Dec 31, 20Y3 Assets Cash 443,240 360,920 Accounts receivable (net) 665,280 592,200 Inventories 887,880 1,022,560 Prepaid expenses 31,640 25,200 Land 302,400 302,400 Buildings 1,713,600 1,134,000 Accumulated depreciationbuildings (466,200) (414,540) Machinery and equipment 781,200 781,200 Accumulated depreciationmachinery and equipment (214,200) (191,520) Patents 106,960 112,000 Total assets 4,251,800 3,724,420 Liabilities and Stockholders' Equity Accounts payable 837,480 927,080 Dividends payable 32,760 25,200 Salaries payable 78,960 87,080 Mortgage note payable, due in 10 years 224,000 0 Bonds payable 0 390,000 Common stock, S par 200,400 50,400 Paid-in capital: Excess of issue price over parcommon stock 366,000 126,000 Retained earnings 2,512,200 2,118,660 Total liabilities and stockholders' equity 4,251,800 3,724,420 An examination of the income statement and the accounting records revealed the following additional information applicable to 20Y4: a. Net income, 524,580. b. Depreciation expense reported on the income statement: buildings, 51,660; machinery and equipment, 22,680. c. Patent amortization reported on the income statement, 5,040. d. A building was constructed for 579,600. e. A mortgage note for 224,000 was issued for cash. f. 30.000 shares of common stock were issued at 13 in exchange for the bonds payable. g. Cash dividends declared, 131,040. Instructions Prepare a statement of cash flows, using the indirect method.
Statement of cash flowsindirect method The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows: Dec. 31, 20Y2 Dec. 31, 20Y1 Assets Cash. 918,000 964,800 Accounts receivable (net) 828,900 761,940 Inventories 1,268,460 1,162,980 Prepaid expenses 29,340 35,100 Land 315,900 479,700 Buildings 1,462.500 900,900 Accumulated depreciationbuildings (408,00) (382,320) Equipment 512,280 454,680 Accumulated depreciationequipment (141,300) (158,760) Total assets 4,785,480 4,219,020 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) 922,500 958.320 Bonds payable 270,000 0 Common stock. 25 par 317,000 117,000 Paid-in capital: Excess of issue price over parcommon stock 758,000 558,000 Retained earnings 2,517,980 2,585,700 Total liabilities and stockholders' equity 4,785,480 4,219,020 The noncurrent asset, noncurrent liability, and stockholders' equity accounts for 20Y2 are as follows: Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.
Statement of cash flows indirect method The comparative balance sheet of Harris Industries Inc. at December 31, 20Y4 and 20Y3, is as follows: Dec. 31, 20Y4 Dec. 31, 20Y3 Assets Cash 443,240 360,920 Accounts receivable {net 665,280 592,200 Inventories 887,880 1,022,560 Prepaid expenses 31,640 25,200 Land 302,400 302,400 Buildings 1,713,600 1,134,000 Accumulated depreciationbuildings (466,200) (414,540) Machinery and equipment 781,200 781,200 Accumulated depreciationmachinery and equipment (214,200) (191,520) Patents 106,960 112,000 Total assets 4,251,800 3,724,420 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors|) 837,480 927,080 Dividends payable 32,760 25,200 Salaries payable 78,960 87,080 Mortgage note payable, due in nine years 224,000 0 Bonds payable 0 390,000 Common stock, 5 par 200,400 50,400 Paid-in capital. Excess of issue price over parcommon stock 366,000 126,000 Retained earnings 2,512,200 2,118,660 Total liabilities and stockholders' equity 4,251,800 3,724,420 An examination of the income statement and the accounting records revealed the following additional information applicable to 20Y4: A. Net income, 524,580. B. Depreciation expense reported on the income statement: buildings, 51,660; machinery and equipment, 22,680. C. Patent amortization reported on the income statement, 5,040. D. A building was constructed for 579,600. E. A mortgage note for 224,000 was issued for cash. F. 30,000 shares of common stock were issued at 13 in exchange for the bonds payable. G. Cash dividends declared, 131,040. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.