Cash and marketable securities $28,987 Accounts payable and accruals $154,807 Accounts receivable $142,845 Short-term notes payable $21,639 Inventory $212,722 Total current liabilities $176,446 Total current assets $384,554 Long term debt $155,510 Net plant and equipment $602,309 Total liabilities $331,956 Goodwill and cther assets $42,422 Common stock $314,932 Retained earnings $382,397 Total assets $1,029,285 Total liabilities and equity $1,029,285 In addition, it was reported that the firm had a net income of: $158,531 and net sales of: $4,338,283
Q: Financial statements The Davidson Corporation's balance sheet and income statement are given here:…
A: a.
Q: Preparing the statement of cash flows—indirect method Accountants for Benson, Inc. have assembled…
A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…
Q: Purrfect, Inc., reports the following statement of financial position amounts as of June 30,2020…
A: The financial statements position as on 30 June 2020 is given. Required: Determine the adjusted…
Q: Assets Cash Accounts Receivable Merchandise Inventory Total Current Assets Land Equipment…
A: The cash flow statement is one of the financial statements of the business, and it is prepared to…
Q: Net fixed assets" 403,000 Land 49,440 49,600 Total assets 618,000 620,000 30,900 24,800 Notes…
A: Cash flows statement is one of the financial statement for the business. This shows all cash inflows…
Q: Accounts payable $31,408 Accounts receivable 70,295 Accrued liabilities 6,601 Cash 20,361 Intangible…
A: Working capital was an important liquidity measure for an firm. It can be found out by the…
Q: Use the common-size financial statements found here: ommon-Size Balance Sheet 2016 Cash and…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Harding Company Accounts payable $33,257 Accounts receivable 70,728 Accrued liabilities 6,456 Cash…
A: Working capital is the amount that is required by a business for day to day operations. It is the…
Q: Privett Company Accounts payable $25,346 Accounts receivable 66,175 Accrued liabilities 6,346 Cash…
A: Quick ratio is calculated by dividing Quick Assets with current liabilities. Calculation of Quick…
Q: Statement of Financial Position June 30, 2020…
A: Step 1 By measuring the connection between two or more components of financial statements of a…
Q: The Murdock Corporation reported the following balance sheet data for 2018 and 2017: 2018…
A: Solution: Introduction: A cash flow statement is one of the financial statements of a business…
Q: As published in its annual report, the consolidated balance sheet of Packers includes the items…
A: Balance sheet: It refers to a financial statement that shows all the liabilities, assets, and…
Q: Purrfect, Inc., reports the following statement of financial position amounts as of June 30,2020…
A: The Financial Statement position as on 30th June 2020 is given Required Determine the adjusted…
Q: rivett Company Accounts payable $38,093 Accounts receivable 71,875 Accrued liabilities 6,498 Cash…
A: Quick Assets: The quick assets refers to those assets which can be easily converted into cash or…
Q: Selected financial data regarding current assets and current liabilities for ACME Corporation and…
A: 1. Therefore, Company A has better current ratio than Company W.
Q: GENESIS CORPORATION Balance Sheet December 31, of Current Year Assets Cash $ 10,000 Short-term…
A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…
Q: Sandhill Corporation Balance Sheet as of July 31, 2017 Assets Liabilities and Stockholders' Equity…
A: Current ratio: Current ratio is one of the liquidity ratios, which measures the capacity of the…
Q: You are a consultant for Glory Ltd, a quoted company operating in the manufacturing sector.…
A:
Q: ASSETS 2007 Current Assets Cash Marketable Securities 150,000 850,000 500,000 Accounts Receivable,…
A: (i) Net working capital = Current assets -Current liabilities Given: Current Assets= 2,250,000…
Q: Balance Sheet Data Income Statement Data Cash $900,000 Accounts payable $1,080,000 Sales $18,000,000…
A: Equity multiplier is increased when debt component is increased in the capital structure and equity…
Q: XYZ provided the following financial information: XYZ Balance Sheet As of 12/31/19 Assets:…
A: Ratio analysis helps to analyze the financial statements of the company. The management can take…
Q: Marketable securities 1,010,000 1,000,000 Accounts receivable (net) 740,000 510,000 Inventories…
A: Asset turnover ratio helps an analyst in measuring the value of sales related to the assets of a…
Q: Balance Sheet D&G Co. December 31, 2019 Assets Cash $ 1,000 Accounts Receivable 8,900 4,350 $14,250…
A: Ratio is the analysis tool which define the relationship between items of income statement and…
Q: How to convert a balance sheet to a common size balance sheet
A: Common-sized financial statements: Common-sized financial statements are useful for the analysts in…
Q: CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash $ 10,000…
A: Since you have posted a question with multiple sub-parts , we will do the first three sub-parts for…
Q: Use the information below for Harding Company to answer the question that follow. Harding Company…
A: Quick asset = Accounts receivable + Cash + Marketable securities
Q: You are a consultant for Glory Ltd, a quoted company operating in the manufacturing sector.…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…
Q: Assets This year Last year Cash 1530 1050 Marketable securities Accounts receivable Inventories…
A: NOPAT = Net Operating Income x ( 1 - Tax Rate ) Operating Cash Flow = Net Income + Non Cash…
Q: Ledger Properties of XYZ Itd has the following financlal information: Current Prior Year Year…
A: cashflow to the firm is the cash available to all the firms investors including shareholders and…
Q: ASSETS 2010 2009 LIABILITIES AND EQUITY 2010 2009 S 10 S 15 Accounts payable Notes payable $ 60 Cash…
A: Net operating profit after-tax is the profit generated from the core business activities after…
Q: CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash $ 10,000…
A: Hello. Since your question has multiple sub-parts, we will solve first three complete sub-parts for…
Q: Use the information below for Harding Company to answer the question that follow. Harding Company…
A: Quick assets include cash on hand or current assets such as receivable accounts that can be…
Q: The Murdock Corporation reported the following balance sheet data for 2021 and 2020: 2021…
A: The cash flow statement shows the cash inflow and cash outflow that includes the operating activity,…
Q: Data for Barry Computer Co. and its industry averages follow. Thefirm’s debt is priced at par, so…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: CABOT CORPORATION Balance Sheet December 31 Assets Liabilities and Equity Cash $ 10,000…
A: Ratios - Ratio which are calculated from the balance sheet, are used to determine solvency(Cash to…
Q: Using the following information, prepare a properly classified Statement of Financial Position in…
A: Total assets include current assets and non current assets. Total liabilities include current…
Q: A company has $1,343 in inventory, $4,782 in net fixed assets, $634 in accounts receivable, $278 in…
A: Given: Inventory = $ 1343 Account receivable = $634 Cash = $278 Fixed asset = $4782
Q: Cash $655,500 759,000 Marketable securities Accounts and notes receivable (net) 310,500 Inventories…
A: Working capital is the amount of capital needed for daily operations of the business. This is…
Q: Cash $38,100; Short-term investments $4,100; Accounts receivable $48,500; Supplies $6,100; Long-term…
A: Notes to Account Note no. Particulars Amount 1. Tangible Assets Equipment $96,500…
Q: ABCD Corp Balance Sheet and Income Statement for the period as at December 31, 2014 Balance Sheet…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…
Q: Retained earnings: $43,512 Accounts payable: $74,547 Accounts receivable: $34,808 Common stock:…
A: Every company prepares its financial statements at the end of a financial year. Based on these…
Q: Use the information below for Harding Company to answer the question that follow. Harding Company…
A: The working capital is calculated as difference between current assets and current liabilities.
Q: Ratio Analysis Presented below are summary financial data from Pompeo's annual report: Amounts in…
A: Times interest earned or interest coverage ratio is a measure of a company's ability to honor its…
Q: Assets Current assets: Cash Marketable securities Accounts receivable (net) Inventories Other Total…
A: Formula: Average Total Assets = ( 20x1 assets value + 20x2 assets value ) / 2
Q: Maguindanao Computer, Inc., reports the following statement of financial position amounts as of…
A: NOTE : As per BARTLEBY guidelines, when multiple sub parts are given then first three sub parts are…
Q: Privett Company Accounts payable $26,195 Accounts receivable 62,336 Accrued liabilities 6,328 Cash…
A: Quick assets = Accounts Receivable + Cash + Marketable securities = $62336+23939+32601 = $118,876…
Q: Barry Computer Company: Balance Sheet as of December 31, 2018 (In Thousands) $172,900 Accounts…
A: Computation of the following ratios: Current Ratio = current assets/current liabilities…
Q: Balance Sheet December 31, 20X1 Assets Current assets: Cash $ 52,200 Marketable…
A: The average time taken by the company to collect its receivables refers to the average collection…
Step by step
Solved in 2 steps
- RATIO ANALY SIS OF COMPARATI VE FIN ANCIAL STATE MENT S Refer to the financial statements in Problem 24-8A. REQUIRED Calculate the following ratios and amounts for 20-1 and 20-2 (round all calculations to two decimal places): (a) Return on assets (Total assets on January 1, 20-1, were 175,750.) (b) Return on common stockholders equity (Total common stockholders equity on January 1, 20-1, was 106,944.) (c) Earnings per share of common stock (The average numbers of shares outstanding were 8,400 shares in 20-1 and 9,200 in 20-2.) (d) Book value per share of common stock (e) Quick ratio (f) Current ratio (g) Working capital (h) Receivables turnover and average collection period (Net receivables on January 1, 20-1, were 39,800.) (i) Merchandise inventory turnover and average number of days to sell inventory (Merchandise inventory on January 1, 20-1, was 48,970.) (j) Debt-to-equity ratio (k) Asset turnover (Assets on January 1, 20-1, were 175,750.) (l) Times interest earned ratio (m) Profit margin ratio (n) Assets-to-equity ratio (o) Price-earnings ratio (The market price of the common stock was 100.00 and 85.00 on December 31, 20-2 and 20-1, respectively.)Current Attempt in Progress XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g. 52.75.): Current Ratio ? times…
- Use the common-size financial statements found here: ommon-Size Balance Sheet 2016Cash and marketable securities $ 480 1.5 %Accounts receivable 6,030 18.2Inventory 9,540 28.8Total current assets $ 16,050 48.5 %Net property, plant, and equipment 17,020 51.5Total assets $33,070 100.0 %Accounts payable $ 7,150 21.6 %Short-term notes 6,850 20.7Total current liabilities $ 14,000 42.3 %Long-term liabilities 7,010 21.2Total liabilities $ 21,010 63.5 %Total common shareholders’ equity 12,060 36.5Total liabilities and shareholders’ equity $33,070 100.0 %Common-Size Income Statement 2016Revenues $ 30,000 100.0 %Cost of goods sold (20,050) 66.8Gross profit $ 9,950 33.2 %Operating expenses (7,960) 26.5Net operating income $ 1,990 6.6 %Interest expense (940) 3.1Earnings before taxes $ 1,050 3.5 %Income taxes (382) 1.3Net income $668 2.2 % Specifically, write up a brief narrative that responds to the following questions: a. How much cash does Patterson have on hand relative to its total…BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 What is the firms ROE (Return on Equity)?Group of answer choices 9.45% 9.63% 9.84% 10.20%BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 Question 9 What is the firm's Debt Ratio? Group of answer choices 60.0% 65.0% 70.0% 75.0% Question 10 What is the firm's Inventory Turnover? 4.41 4.55 4.69 4.83 Question 11 What is the firm's DPS…
- BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 Question 5 What is the firm's EBITDA coverage? Group of answer choices 3.51 3.69 3.88 4.17 Question 6 What is the firms DSO (Days Sales Outstanding)? Group of answer choices 51.30 days 52.80 days 53.50…Please answer complete question otherwise skip it please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) The Sharjah Corporation reported the following balance sheet data for 2020 and 2019: 2020 2019 Cash $ 77,375 $ 22,955 Available-for-sale securities (not cash equivalents) 15,500 85,000 Accounts receivable 80,000 68,250 Inventory 165,000 145,000 Prepaid insurance 1,500 2,000 Land, buildings, and equipment 1,250,000 1,125,000 Accumulated depreciation (610,000) (572,000) Total assets $ 979,375 $ 876,205 Accounts payable $ 76,340 $ 148,670 Salaries payable 20,000 24,500 Notes payable (current) 25,000 75,000 Bonds payable 200,000 0 Common stock 300,000 300,000 Retained earnings 358,035 328,035 Total liabilities and…Mvula Limited Statement of Financial Position as at: 28 February 2021 ASSETS Non-current assets Fixed/tangible assets Financial assets Fixed deposit Current assets Inventory Trade and other receivables Cash and cash equivalents Fixed deposit TOTAL ASSETS 4 320 350 EQUITY AND LIABILITIES Bay Holdings Limited: 30 June 2021.Required:Statement of financial position as at: 30 June 2021InformationBALANCE SHEET ACCOUNTSOrdinary share capital 2 648 000Retained income (1 Jul 2020) 490 000Shareholders for dividends 280 000Fixed deposit 60 000Mortgage bond 336 000Fixed/tangible assets (Carrying value) 4 021 000Debtors control 45 000Creditors…
- Item Prior year Current year Accounts payable 8,191.00 7,813.00 Accounts receivable 6,005.00 6,798.00 Accruals 1,036.00 1,622.00 Cash ??? ??? Common Stock 10,961.00 12,712.00 COGS 12,797.00 18,122.00 Current portion long-term debt 4,914.00 5,086.00 Depreciation expense 2,500 2,842.00 Interest expense 733 417 Inventories 4,175.00 4,807.00 Long-term debt 13,319.00 14,034.00 Net fixed assets 51,854.00 54,984.00 Notes payable 4,372.00 9,863.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,779.00 29,650.00 Sales 35,119 47,875.00 Taxes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year?Item Prior year Current year Accounts payable 8,194.00 7,893.00 Accounts receivable 6,066.00 6,786.00 Accruals 977.00 1,572.00 Cash ??? ??? Common Stock 11,869.00 12,264.00 COGS 12,616.00 18,108.00 Current portion long-term debt 5,038.00 5,064.00 Depreciation expense 2,500 2,825.00 Interest expense 733 417 Inventories 4,145.00 4,778.00 Long-term debt 13,680.00 14,055.00 Net fixed assets 50,966.00 54,551.00 Notes payable 4,331.00 9,956.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,104.00 29,983.00 Sales 35,119 45,456.00 Taxes 2,084 2,775 What is the firm's net income in the current year? . .Accounting Item Prior year Current year Accounts payable 8,191.00 7,813.00 Accounts receivable 6,005.00 6,798.00 Accruals 1,036.00 1,622.00 Cash ??? ??? Common Stock 10,961.00 12,712.00 COGS 12,797.00 18,122.00 Current portion long-term debt 4,914.00 5,086.00 Depreciation expense 2,500 2,842.00 Interest expense 733 417 Inventories 4,175.00 4,807.00 Long-term debt 13,319.00 14,034.00 Net fixed assets 51,854.00 54,984.00 Notes payable 4,372.00 9,863.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,779.00 29,650.00 Sales 35,119 47,875.00 Taxes 2,084 2,775 What is the firm's net income in the current year? (5547.00?) What is the firm's dividend payment in the current year?