Please do not give solution in image format thanku The balance sheet data of Marin Company at the end of 2025 and 2024 are shown below.CashAccounts receivable (net)Merchandise inventoryPrepaid expensesEquipmentAccumulated depreciation-equipmentLandTotal assetsAccounts payableAccrued expensesNotes payable-bank, short-termBonds payableCommon stock, $1 parRetained earnings2025$7,60080,80086,1008,900170,500(44,700)30,500$339,7002024$10.10087,90079,90012,000145,000(36,300)50,300$348,900$44,300 $58,20011,0009,000-0-49,50019,700-0-182,50082,200159,00073,200 EquipmentAccumulated depreciation-equipmentLandTotal assetsAccounts payableAccrued expensesNotes payable-bank, short-termBonds payableCommon stock. $1 par.Retained earningsTotal liabilities and shareholders' equity(a)Accrued expensesNotes payable-bank, short-termBonds payableCommon stock, $1 parRetained earningsTotal liabilities and shareholders' equity170,500145,000(44,700) (36,300)50,300$339,700 $348,900(a)(b)30,500(c)$44,300 $58,20011,000-0-19,700182,50082,200Equipment was purchased for $23,500 in exchange for common stock, par $23,500, during the year; all other equipment purchasedwas for cash. Land was sold for $31.000. Cash dividends of $7,000 were declared and paid during the year.Net cash used$339,700Compute net cash provided (used) by: (Show amounts that decrease cash flow with either asign e.g. -12,000 or in parenthesise.g. (12,000).)Net cash provided by operating activities.11,000-0-19,700182,50082,200$339,700Net cash provided by operating activities.Net cash provided by investing activities.$by financing activities.9,00073,200$348,90049,500-0-159,000Equipment was purchased for $23,500 in exchange for common stock, par $23,500, during the year; all other equipment purchasedwas for cash. Land was sold for $31,000. Cash dividends of $7,000 were declared and paid during the year.$Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a sign e.g. -12,000 or in Farenthesise.g. (12,000).)$$9,00049,500-0-159,00073,200$348,900

The statement of cash flows is one of the financial statements that reports the inflows and outflows…

The balance sheet data of Marin Company at the end of 2025 and 2024 are shown below. Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Total assets 2025 $7,600 80,800 86,100 8,900 170,500 (44,700) 30,500 $339,700 2024 $10,100 87,900 79,900 12,000 145,000 (36,300) 50,300 $348,900

The balance sheet data of Marin Company at the end of 2025 and 2024 are shown below. Cash Accounts receivable (net) Merchandise inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land Total assets 2025 $7,600 80,800 86,100 8,900 170,500 (44,700) 30,500 $339,700 2024 $10,100 87,900 79,900 12,000 145,000 (36,300) 50,300 $348,900

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 6MCQ

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Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 3M CompanyBalance Sheets (partial) 2020 2019Current assets Cash and cash equivalents $3,180 $1,836Accounts receivable, net 3,600 3,180Inventories 2,738 3,019Other current assets 1,932 1,590Total current assets $11,450 $9,625Current liabilities $4,830 $5,887 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25 : 1. Enter working capital answers to million.) Current ratio 2019 :12020 :1 Working capital 2019 $ million2020 $ million Link to Text
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Condensed financial data of Sheridan Company for 2025 and 2024 are presented below. Cash Receivables Inventory Plant assets Sheridan Company Comparative Balance Sheet As of December 31, 2025 and 2024 Accumulated depreciation Long-term investments (held-to-maturity) Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings 2025 $1,780 1,760 1,620 1,910 1,670 (1,210) (1,160) 1,330 1,440 $7,190 $6,280 $1,230 210 2024 $1,170 1,370 1,920 2,460 $7,190 1,280 1,880 $920 250 1,560 1,680 1,870 $6,280
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