1.Prepare the balance sheet2. and the income statement for Belmond Inc 210InventoriesGross fixed assets25,00Accumulated depreciationLong-term debtCommon stockhe statement for Belmond. Inc. from the following info:InventoryOther assetsRetained earnings$ 6,50045,000Common stockA6,550Cash1,350Operating expenses600Short-term notes payable900Interest expense500Depreciation expenseNet sales12,800Accounts receivableAccounts payable9,600( 4,800Long-term debt55,000Cost of goods soldBuildings and equipment/Accumulated depreciation/5,750( 122,000Taxes34,000General and administrative expense3-5. with an statement and balance Prep6040U?Retained earnings1,440850

Calculation of beginning retained earnings: Cash $ 16,550 Inventory $ 6,500 Accounts…

Invel Gross fixed assets Accumulated depreciation Long-term debt Common stock he statement for Belmond. Inc. from the following inf Inventory Other assets Retained earnings $ 6,500 45,000 Common stock 16,550 1,350 600 Cash Operating expenses Short-term notes payable 900 Interest expense 500 Depreciation expense Net sales 12,800 Accounts receivable 9,600 Accounts payable ( 4,800 Long-term debt 55,000 Cost of goods sold 5,750 Buildings and equipment Accumulated depreciation/ 122,000 Taxes 34,000 General and administrative expense Retained earnings 1,440 850 60.400? 3-5. (Working an statement and balance sheet) Pr

Invel Gross fixed assets Accumulated depreciation Long-term debt Common stock he statement for Belmond. Inc. from the following inf Inventory Other assets Retained earnings $ 6,500 45,000 Common stock 16,550 1,350 600 Cash Operating expenses Short-term notes payable 900 Interest expense 500 Depreciation expense Net sales 12,800 Accounts receivable 9,600 Accounts payable ( 4,800 Long-term debt 55,000 Cost of goods sold 5,750 Buildings and equipment Accumulated depreciation/ 122,000 Taxes 34,000 General and administrative expense Retained earnings 1,440 850 60.400? 3-5. (Working an statement and balance sheet) Pr

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000 Calculate change in NWC
Celloscope Ltd. Balance Sheet 31-Dec-19 Current Assets Cash 18000 Accounts Receivable 20000 Inventory 12000 Prepaid Insurance 600 Sub total 50600 Non-current Assets Land 80000 Building 60000 Less: Accumulated Depreciation 10,000 50000 Sub total 130000 Total Assets 180600 Current Liabilities Accounts payable 50000 Taxes Payable 8000 Sub total 58000 Non-Current Liabilities Bonds Payable (10%) 40000 40000 Owners’ Equity Share Capital 60000 Retained Earning 22600 Sub total 82600 Total Liabilities and Owners’ Equity 180600 The following are expected in the next 3 months January…
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Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC
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