Answered: Claculate Delta Airlines' Cash…

Claculate Delta Airlines' Cash COnversion Cycle based on the following information: Sales 274,619 COGS 153,247 Accounts Receivable 25,939 Inventory 6,779 Accounts Payable 49,201

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter13: Statement Of Cash Flows

Section: Chapter Questions

Problem 13.9EX

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Problem 21-4 (Algo) Statement of cash flows; direct method [LO21-3, 21-8] The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux's accounting records is provided also. DUX COMPANYComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands) 2021 2020 Assets Cash $ 72 $ 27 Accounts receivable 41 56 Less: Allowance for uncollectible accounts (3 ) (2 ) Dividends receivable 6 5 Inventory 95 90 Long-term investment 27 24 Land 95 75 Buildings and equipment 194 220 Less: Accumulated depreciation (34 ) (60 ) $ 493 $ 435 Liabilities Accounts payable $ 76 $ 83 Salaries payable 7 10 Interest payable 10 5 Income tax payable 5 7 Notes payable 20 0 Bonds…
Problem 21-16 (Algo) Statement of cash flows; indirect method [LO21-4, 21-8] The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux’s accounting records is provided also. DUX COMPANYComparative Balance SheetsDecember 31, 2021 and 2020($ in thousands) 2021 2020 Assets Cash $ 117.0 $ 34.0 Accounts receivable 62.0 64.0 Less: Allowance for uncollectible accounts (3.0 ) (2.0 ) Dividends receivable 17.0 16.0 Inventory 69.0 64.0 Long-term investment 29.0 24.0 Land 84.0 40.0 Buildings and equipment 169.0 264.0 Less: Accumulated depreciation (7.0 ) (120.0 ) $ 537.0 $ 384.0 Liabilities Accounts payable $ 27.0 $ 34.0 Salaries payable 16.0 19.0 Interest payable 18.0 16.0 Income tax payable…
Exercise 21-27 (Algo) Statement of cash flows; direct method [LO21-3, 21-5, 21-6, 21-8] Comparative balance sheets for 2024 and 2023, a statement of income for 2024, and additional information from the accounting records of Red, Incorporated, are provided below: RED, INCORPORATED Comparative Balance Sheets December 31, 2024 and 2023 ($ in millions) 2024 2023 Assets Cash $ 26 $ 114 Accounts receivable 203 134 Prepaid insurance 11 6 Inventory 289 177 Buildings and equipment 384 352 Less: Accumulated depreciation (121) (242) $ 792 $ 541 Liabilities Accounts payable $ 90 $ 104 Accrued liabilities 10 15 Notes payable 52 0 Bonds payable 161 0 Shareholders’ Equity Common stock 402 402 Retained earnings 77 20 $ 792 $ 541 RED, INCORPORATED Statement of Income For Year Ended December 31, 2024 ($ in millions) Revenues Sales revenue $ 2,010 Expenses Cost of goods sold $ 1,439 Depreciation expense 41…
Appendix 2PR 13-4B Statement of cash flows—direct method The comparative balance sheet of Martinez Inc. for December 31, 20Y4 and 20Y3, is as follows:Dec. 31, 20Y4Dec. 31, 20Y3AssetsCash .....................................................$ 661,920$ 683,100Accounts receivable (net) .................................. 992,640 914,400Inventories ...............................................1,394,4001,363,800Investments ..............................................0432,000Land ..................................................... 960,0000Equipment................................................1,224,000 984,000Accumulated depreciation—equipment ....................(481,500)(368,400)Total assets ...............................................$4,751,460$4,008,900Liabilities and Stockholders’ EquityAccounts payable (merchandise creditors) ..................$1,080,000$ 966,600Accrued expenses payable (operating expenses) ............67,80079,200Dividends…
Exercise 21-31 (Static) Statement of cash flows; indirect method [LO21-4, 21-5, 21-6, 21-8, Appendix 21A] Comparative balance sheets for 2024 and 2023, a statement of income for 2024, and additional information from the accounting records of Red, Incorporated, are provided below: RED, INCORPORATED Comparative Balance Sheets December 31, 2024 and 2023 ($ in millions) 2024 2023 Assets Cash $ 24 $ 110 Accounts receivable 178 132 Prepaid insurance 7 3 Inventory 285 175 Buildings and equipment 400 350 Less: Accumulated depreciation (119) (240) $ 775 $ 530 Liabilities Accounts payable $ 87 $ 100 Accrued liabilities 6 11 Notes payable 50 0 Bonds payable 160 0 Shareholders’ Equity Common stock 400 400 Retained earnings 72 19 $ 775 $ 530 RED, INCORPORATED Statement of Income For Year Ended December 31, 2024 ($ in millions) Revenues Sales revenue $ 2,000 Expenses Cost of goods sold $ 1,400…
Question Content Area Cash and accounts receivable for Adams Company are as follows: Line Item Description Current Year Prior Year Cash $51,246 $43,800 Accounts receivable (net) 17,596 33,200 What is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Effect Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 %
Question Content Area Cash and accounts receivable for Adams Company are as follows: Current Year Prior Year Cash $63,104 $54,400 Accounts receivable (net) 34,736 66,800 What are the amounts and percentages of increase or decrease that would be shown with horizontal analysis? Account Dollar Change Percent Change Cash $fill in the blank 1 fill in the blank 2 % Accounts Receivable $fill in the blank 4 fill in the blank 5 %
The Foundational 15 [LO13-1, LO13-2] Skip to question [The following information applies to the questions displayed below.] Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash and cash equivalents $ 118,400 $ 142,300 Accounts receivable 93,900 101,200 Inventory 126,100 115,000 Total current assets 338,400 358,500 Property, plant, and equipment 333,000 322,000 Less accumulated depreciation 111,000 80,500 Net property, plant, and equipment 222,000 241,500 Total assets $ 560,400 $ 600,000 Accounts payable $ 73,600 $ 130,700 Income taxes payable 57,100 77,300 Bonds payable 138,000 115,000 Common stock 161,000 138,000 Retained earnings 130,700 139,000 Total liabilities and stockholders’ equity $…
The Foundational 15 [LO13-1, LO13-2] Skip to question [The following information applies to the questions displayed below.] Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash and cash equivalents $ 118,400 $ 142,300 Accounts receivable 93,900 101,200 Inventory 126,100 115,000 Total current assets 338,400 358,500 Property, plant, and equipment 333,000 322,000 Less accumulated depreciation 111,000 80,500 Net property, plant, and equipment 222,000 241,500 Total assets $ 560,400 $ 600,000 Accounts payable $ 73,600 $ 130,700 Income taxes payable 57,100 77,300 Bonds payable 138,000 115,000 Common stock 161,000 138,000 Retained earnings 130,700 139,000 Total liabilities and stockholders’ equity $…
The Foundational 15 [LO13-1, LO13-2] Skip to question [The following information applies to the questions displayed below.] Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash and cash equivalents $ 118,400 $ 142,300 Accounts receivable 93,900 101,200 Inventory 126,100 115,000 Total current assets 338,400 358,500 Property, plant, and equipment 333,000 322,000 Less accumulated depreciation 111,000 80,500 Net property, plant, and equipment 222,000 241,500 Total assets $ 560,400 $ 600,000 Accounts payable $ 73,600 $ 130,700 Income taxes payable 57,100 77,300 Bonds payable 138,000 115,000 Common stock 161,000 138,000 Retained earnings 130,700 139,000 Total liabilities and stockholders’ equity $…
The Foundational 15 [LO13-1, LO13-2] Skip to question [The following information applies to the questions displayed below.] Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash and cash equivalents $ 118,400 $ 142,300 Accounts receivable 93,900 101,200 Inventory 126,100 115,000 Total current assets 338,400 358,500 Property, plant, and equipment 333,000 322,000 Less accumulated depreciation 111,000 80,500 Net property, plant, and equipment 222,000 241,500 Total assets $ 560,400 $ 600,000 Accounts payable $ 73,600 $ 130,700 Income taxes payable 57,100 77,300 Bonds payable 138,000 115,000 Common stock 161,000 138,000 Retained earnings 130,700 139,000 Total liabilities and stockholders’ equity $…
The Foundational 15 [LO13-1, LO13-2] Skip to question [The following information applies to the questions displayed below.] Ravenna Company is a merchandiser that uses the indirect method to prepare the operating activities section of its statement of cash flows. Its balance sheet for this year is as follows: Ending Balance Beginning Balance Cash and cash equivalents $ 118,400 $ 142,300 Accounts receivable 93,900 101,200 Inventory 126,100 115,000 Total current assets 338,400 358,500 Property, plant, and equipment 333,000 322,000 Less accumulated depreciation 111,000 80,500 Net property, plant, and equipment 222,000 241,500 Total assets $ 560,400 $ 600,000 Accounts payable $ 73,600 $ 130,700 Income taxes payable 57,100 77,300 Bonds payable 138,000 115,000 Common stock 161,000 138,000 Retained earnings 130,700 139,000 Total liabilities and stockholders’ equity $…