Current Year (in millions) $ 9,158 6,967 Previous Year (in millions) $ 9,096 2,913 Cash and cash equivalents Short-term investments, at cost Accounts and notes receivable, net 6,694 2,723 6,437 2,720 Inventories Prepaid expenses and other current assets Short-term obligations Accounts payable 1,547 1,865 6,892 14,243 4,071 13,507
Q: Use this information for Kellman Company to answer the questions that follow. The balance sheets…
A: The return on stockholders equity shows that how much return the owners are getting in regarding to…
Q: Inc., had owners' equity of $49,850. During the year, net income was $6,150 and the company paid…
A: Owners equity is the amount which belongs to the owners of the business.
Q: PepsiCo, Inc. (PEP), the parent company of Frito-LayTM snack foods and Pepsi beverages, had the…
A: Ratios help the management to understand the performance of the company in a better and easier…
Q: The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal…
A: Ratio analysis helps to analyze the financial statements of the company. The management can take…
Q: Cold Goose Metal Works Inc. is a hypothetical company. Suppose it has the following balance sheet…
A: The question is based on the concept of Business Transaction Analysis.
Q: Walstrom's Electronics year-end balance sheet consisted of the following amounts: Cash $75,000,…
A: Retained earnings = Cash + Property, plant and equipment + Accounts receivable + Inventory - Common…
Q: At the beginning of the year, Alex's Electronic Inc. had long-term debt of $280 and total debt of…
A: Given information is: At the beginning of the year, Alex's Electronic Inc. had long-term debt of…
Q: Pepsico, Inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had the following…
A: Here, Current Ratio = Current Assets / Current Liabilities Quick Ratio = Quick Assets / Current…
Q: During its first year of operations, Yellow Bell Co. provided services to customers for the value of…
A: Under accrual bases of accounting we need to recognize the income and expenses when they actually…
Q: Determine the amount for United , Capital , on its year - end balance sheet . Note that Ahmed ,…
A: Capital:- Capital is the amount which one invested in his or her business in order to generate…
Q: Pepsico, Inc. (PEP), the parent company of Frito-LayTM snack foods and Pepsi beverages, had the…
A: Ratios help the management to understand the performance of the company in a better and easier way.…
Q: Pickled Peanuts Company had a beginning balance in its retained earnings account of $385,600. During…
A: Ending retained earnings = Beginning retained earnings + Net income - Dividneds
Q: PepsiCo, Inc. (PEP), the parent company of Frito-LayTM snack foods and Pepsi beverages, had the…
A: Current ratio is used for measuring the abilities to pay off short term obligations. Quick ratio is…
Q: Use this information for Kellman Company to answer the questions that follow. The balance sheets…
A: Return on assets means that ratio which tells us the income generated by company on the basis of…
Q: Pepsico, Inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had the following…
A: Lets understand the basics. Current ratio compares current asset with current liability. In other…
Q: In its most recent annual report, Appalachian Beverages reported current assets of $49,300 and a…
A: Current Ratio also known as working capital ratio explains the relationship between current assets…
Q: As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of…
A: Ending stockholders equity is the amount shareholders at the end of the year. It can be calculated…
Q: Pepsico, Inc. (PEP), the parent company of Frito-Lay snack foods and Pepsi beverages, had the…
A: Current year Previous year Cash and cash equivalent $19993 $10174 Short term investment 6551…
Q: s of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of…
A: Year 1 Year 2 Assets $906,693 $983,394 Less: Liabilities $277,277 $237,080 Stockholders…
Q: The following information is available for Advanced Micro Devices (AMD) and Intel for the current…
A: As per the accounting equation, Assets=Liabilities+Equity
Q: PepsiCo, Inc., the parent company of Frito-Lay snack foods and Pepsi beverages, had thefollowing…
A: a. (1)
Q: What is the additional external financing needed forecast for next year?
A: Additional External Financing: A company needs additional external financing to increase sales by…
Q: The following selected information is taken from the financial statements of Arnn Company for its…
A: Solution:-1 Computation of the accounts receivable turnover ratio as follows under:-
Q: Use this information for Kellman Company to answer the questions that follow.…
A: Hey, Since there are multiple questions posted, we will answer first question. If you want any…
Q: Selected Financial Measures for Assessing Liquidity Norsk Optronics, ALS, of Bergen, Norway, had a…
A: Requirement 1:
Q: Akerley Hospitality reports a net income of $23,000 for the year. At the beginning of the year,…
A: Average assets=Beginning assets+Closing assets2=$134,000+$328,0002=$231,000
Q: Use this information for Kellman Company to answer the question that follow. The balance sheets at…
A: Return on total assets: It can be defined as a financial ratio that measures the company’s…
Q: At year-end, Schultz, Inc. has cash of $11,600, current accounts receivable of $48,900, merchandise…
A: Acid test ratio or quick ratio is computed by dividing quick assets by current liabilities. Quick…
Q: Lowe's Companies Inc., a major competitor of The Home Depot in the home improvement business,…
A: a) Total owner's equity at the end of the years 2 and 1 for Lowe's Companies Inc., is given below:
Q: Use this information for Kellman Company to answer the question that follows. The balance sheets at…
A: Return On Equity = Net Income / Total Shareholder's Equity Total Shareholder's Equity = Common…
Q: As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of…
A: Solution: Stockholders' equity on ecember 31, Year 1 = assets - liabilities = 950000 - 310000 =…
Q: Use this information for Kellman Company to answer the question that follow. The balance sheets at…
A: Earning per share refers to the value of earnings in monetary terms as per the outstanding shares of…
Q: The following information is available for Advanced Micro Devices (AMD) and Intel for the current…
A: Accounting equation: Assets = Liabilities + Equity
Q: At the beginning of its current fiscal year, Willie Corp's balance sheet showed assets of $14,600…
A: Note: In the given case, net assets at the end of the year are equal to ending Retained Earnings…
Q: At year-end, Schultz, Inc. has cash of $11,600, current accounts receivable of $48,900, merchandise…
A: Quick assets = Cash + Accounts receivable = $11,600 + $48,900 = $60,500
Q: The company has assets equal to 6,150,000 and liabilities equal to 2,650,000. Before the year ended…
A: Owner equity means the amount that belong to the owner of the business. Any profit will increase…
Q: Use this information for Kellman Company to answer the questions that follow. The balance sheets…
A: Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise.…
Q: Current Position Analysis Sherwood, Inc., the parent company of Tasty snack foods and Super…
A: The ratio analysis helps to analyze the financial statements of the business for the given period.…
Q: The balance sheets at the end of each of the first two years of operations indicate the following:…
A: Rreturn on stockholders' equity = Net Income / Average stockholders' equity where, Average…
Q: Use this information for Kellman Company to answer the question that follow. The balance sheets at…
A: The price-to-earnings ratio (P/E ratio) is an information for economic that compares the current…
Q: Use this information for Kellman Company to answer the question that follow. The balance sheets at…
A: Ratio analysis is a method of measuring the financial position of the organization with different…
Q: Use this information for Kellman Company to answer the question that follows. The balance sheets at…
A: Return on stockholder's equity = Net income / Average stockholder's equity
Q: Use this information for Kellman Company to answer the questions that follow. The balance sheets…
A: Particulars Year 2 Year 1 Preferred 9% stock, $100 par 100,000 100,000 Common stock,…
Q: The following financial information is taken from the balance sheets of the Peter Company and the…
A: Compute the current ratio for each firm: Particulars Peter Paul Current Assets (A) $200,000…
Q: Prepaid expenses and other current assets 590 291 Short-term obligations (liabilities) 315…
A: Current Ratio is the ratio of current assets to current liabilities. Liquid ratio is the ratio of…
Q: Use this information for Kellman Company to answer the question that follow. The balance sheets at…
A: Ratio analysis is a method of measuring the financial position of the organization with different…
PepsiCo, Inc. (PEP), the parent company of Frito-Lay snack foods and Pepsi beverages, had the following current assets and current liabilities at the end of two recent years:
a. Determine the (1)
b. What conclusions can you draw from these data about PepsiCo’s liquidity?
Trending now
This is a popular solution!
Learn your way
Includes step-by-step video
Step by step
Solved in 2 steps with 1 images
- Category Prior Year Current Year Accounts payable 3,147.00 5,976.00 Accounts receivable 6,925.00 8,910.00 Accruals 5,635.00 6,187.00 Additional paid in capital 19,527.00 13,950.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,974.00 18,270.00 Current portion long-term debt 500 500 Depreciation expense 975.00 976.00 Interest expense 1,278.00 1,155.00 Inventories 3,048.00 6,717.00 Long-term debt 16,569.00 22,919.00 Net fixed assets 75,968.00 73,882.00 Notes payable 4,045.00 6,584.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,870.00 34,759.00 Sales 46,360 45,347.00 Taxes 350 920 What is the firm's cash flow from operations? What is the firm's dividend payment in the current year? What is the firm's net income in the current year?Category Prior Year Current Year Accounts payable 3,123.00 5,969.00 Accounts receivable 6,987.00 8,940.00 Accruals 5,642.00 6,108.00 Additional paid in capital 19,885.00 13,325.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,986.00 18,120.00 Current portion long-term debt 500 500 Depreciation expense 1,035.00 988.00 Interest expense 1,290.00 1,167.00 Inventories 3,006.00 6,743.00 Long-term debt 16,856.00 22,001.00 Net fixed assets 75,521.00 74,000.00 Notes payable 4,072.00 6,540.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,244.00 34,874.00 Sales 46,360 45,055.00 Taxes 350 920 What is the firm's cash flow from financing?Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 428,571.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,035.00 Interest expense 40,500 42,155.00 Inventories 279,000 288,000 Long-term debt 339,577.00 401,377.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,171.00 Retained earnings 306,000 342,000 Sales 639,000 849,094.00 Taxes 24,750 47,192.00 What is the current year's entry for long-term debt on a common-sized balance sheet? (ROUND TO 4 DECIMAL PLACES.)
- Category Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 431,139.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 54,349.00 Interest expense 40,500 41,741.00 Inventories 279,000 288,000 Long-term debt 337,728.00 398,725.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 162,280.00 Retained earnings 306,000 342,000 Sales 639,000 847,106.00 Taxes 24,750 48,618.00 What is the current year's return on assets (ROA)? (Round to 4 decimal places.)The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents $ 5,000Accounts receivable (net) 20,000Inventory 60,000Property, plant, and equipment (net) 120,000Accounts payable 44,000Salaries payable 15,000Paid-in capital 100,000 The only asset not listed is short-term investments. The only liabilities not listed are $30,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.5:1.Required:Determine the following…Item Prior year Current year Accounts payable 8,126.00 7,784.00 Accounts receivable 6,078.00 6,607.00 Accruals 994.00 1,452.00 Cash ??? ??? Common Stock 10,696.00 12,040.00 COGS 12,650.00 18,346.00 Current portion long-term debt 5,031.00 5,088.00 Depreciation expense 2,500 2,797.00 Interest expense 733 417 Inventories 4,240.00 4,781.00 Long-term debt 14,366.00 13,914.00 Net fixed assets 51,539.00 54,520.00 Notes payable 4,323.00 9,909.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,408.00 29,699.00 Sales 35,119 45,984.00 Taxes 2,084 2,775 What is the firm's cash flow from financing?
- 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? . .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 Financial Assets - 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 give reasons for each element whether these elements belongs to financing activities or notCalculate the following for Co. XYZ: c. Average collection period (365 days) d. Times interest earned Assets: Cash and marketable securities $400,000Accounts receivable 1,415,000Inventories 1,847,500Prepaid expenses 24,000Total current assets $3,686,500Fixed assets 2,800,000Less: accumulated depreciation 1,087,500Net fixed assets $1,712,500Total assets $5,399,000Liabilities: Accounts payable $600,000Notes payable 875,000Accrued taxes Total current liabilities $1,567,000Long-term debt 900,000Owner's equity Total liabilities and owner's equity Co. XYZ Income Statement: Net sales (all credit) $6,375,000Less: Cost of goods sold 4,375,000Selling and administrative expense 1,000,500Depreciation expense 135,000Interest expense Earnings before taxes $765,000Income taxes Net income Common stock dividends $230,000Change in retained earnings
- Item Prior year Current year Accounts payable 8,109.00 7,758.00 Accounts receivable 6,059.00 6,782.00 Accruals 1,036.00 1,609.00 Cash ??? ??? Common Stock 11,891.00 11,189.00 COGS 12,683.00 18,018.00 Current portion long-term debt 4,980.00 4,993.00 Depreciation expense 2,500 2,813.00 Interest expense 733 417 Inventories 4,192.00 4,777.00 Long-term debt 13,329.00 13,523.00 Net fixed assets 50,636.00 54,376.00 Notes payable 4,329.00 9,999.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,278.00 29,801.00 Sales 35,119 47,221.00 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 8,109.00 7,758.00 Accounts receivable 6,059.00 6,782.00 Accruals 1,036.00 1,609.00 Cash ??? ??? Common Stock 11,891.00 11,189.00 COGS 12,683.00 18,018.00 Current portion long-term debt 4,980.00 4,993.00 Depreciation expense 2,500 2,813.00 Interest expense 733 417 Inventories 4,192.00 4,777.00 Long-term debt 13,329.00 13,523.00 Net fixed assets 50,636.00 54,376.00 Notes payable 4,329.00 9,999.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,278.00 29,801.00 Sales 35,119 47,221.00 Taxes 2,084 2,775 What is the firm's cash flow from investing?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