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- Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income, 68,000 b. Increase in accounts receivable, 4,400 c. Receipt from sale of common stock, 12,300 d. Depreciation expense, 11,300 e. Dividends paid, 24,500 f. Payment for purchase of building, 65,000 g. Bond discount amortization, 2,700 h. Receipt from sale of long-term investments at cost, 10,600 i. Payment for purchase of equipment, 8,000 j. Receipt from sale of preferred stock, 20,000 k. Increase in income taxes payable, 3,500 l. Payment for purchase of land, 9,700 m. Decrease in accounts payable, 2,900 n. Increase in inventories, 10,300 o. Beginning cash balance, 18,000 Required: Prepare Mueller Company's statement of cash flows.Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectivelyNet Cash Flow from Operating Activities The following are accounting items taken from Tyrone Shoelaces Required: a. Net income, 22,900 b. Payment for purchase of land, 4,000 c. Payment for retirement of bonds, 6,000 d. Depreciation expense, 7,800 e. Receipt from issuance of common stock, 7,000 f. Patent amortization expense, 2,700 g. Increase in accounts receivable, 3,400 h. Payment of dividends, 5,000 i. Decrease in accounts payable, 2,600 Required: Prepare the operating activities section of Tyrones statement of cash flows using the indirect method.
- The balance sheet shows the following accounts and amounts:Cash $13,000; Short-term Debt $21,000; Buildings and Equipment $420,000; Inventory, $44,000; Notes Payable $60,000; Accumulated Depreciation $110,000; Common Stock $80,000; Accounts Receivable $38,000; Retained Earnings $237,000; Accounts Payable $17,000.Total assets on the balance sheet are:At December 31, Marker reported the following items: cash, $8,200; inventory, $3,700; accounts payable, $6,300; accounts receivable, $3,900; common shares, $5,900; property, plant, and equipment, $10,000; interest payable, $1,400; retained earnings, $12,200. What is the total of Marker's current assets? a.$15,800 b.$10,100 c.$25,800 d.$16,000Firm O has accounts receivable of $51,000, cash of $24,600, property, plant, and equipment of $420,000, merchandise inventory of $47,200, accounts payable of $23,100, other accrued liabilities of $8,500, common stock of $350,000, and retained earnings of $161,200.
- The following items were taken from the financial statements of P. Sunland Company. (All amounts are in thousands.) Long-term debt $ 1,100 Accumulated depreciation—equipment $ 5,600 Prepaid insurance 820 Accounts payable 1,000 Equipment 11,100 Notes payable (due after 2021) 400 Stock investments (long-term) 200 Owner’s capital 11,920 Debt investments (short-term) 3,400 Accounts receivable 1,400 Notes payable (due in 2021) 600 Inventory 1,400 Cash 2,300 Prepare a classified balance sheet in good form as of December 31, 2020. (List Current Assets in order of liquidity. Enter amounts in thousands.) P. SUNLAND COMPANYBalance Sheetchoose the accounting period (in thousands) Assets select an opening name for subsection one enter a balance sheet item $ enter a dollar amount enter a balance sheet item enter a dollar amount…The company's accounts receivable to 500,000. Prepaid Expenses and unearned income are 30,000 and 10,000respectively. Cash balance amounted to 100,000 while accounts payable and inventory are 20,000 and 10,000 respectively.How much is the company's current assets? Current liabilities?Use the following information to answer the questions: Assets Liabilities and Equity Cash 13,000 Accounts payable 18,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 3,000 Current liabilities 24,000 Inventory 27,000 Long-term debt 95,000 Current assets 45,000 Total liabilities 119,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 20,000 Fixed assets 114,000 Equity 40,000 Total assets 159,000 Total liab. & equity 159,000 What is the quick ratio (aka the acid test)?
- Balance Sheet June 30th, Year 5Assets Liabilities and Equity Cash 10,000 Accounts Payable 19,000Accounts receivables 34,000 Wages Payable 4,000Inventory 60,000 Income Tax Payable 1,000Prepaid Insurance 4,000 Notes Payables 80,000Capital Assets 200,000 Common Shares 100,000Accumulated depreciation (40,000) Retained Earnings 64,000Total Assets 268,000 Total Liabilities and Equity 268,000 The following are all transactions that happened during Year 6: Made all sales on account of $246,200Collected accounts receivable of $243,280Purchased merchandise on account of $134,000Determined cost of goods sold was $140,000Paid accounts payable (for…Walstrom's Electronics year-end balance sheet consisted of the following amounts: Cash $75,000, Property, plant and equipment $350,000, Common stock $500,000, Retained earnings ?, Accounts receivable $250,000, Long term debt $200,000, Accounts payable $100,000 and Inventory $175,000. What amount should Walstrom's Electronics report on its Balance Sheet for Total Assets?The following items were taken from the financial statements of P. Blossom Company. (All amounts are in thousands.) Long-term debt $1,100 Accumulated depreciation—equipment $5,900 Prepaid insurance 890 Accounts payable 1,800 Equipment 11,100 Notes payable (due after 2021) 500 Stock investments (long-term) 200 Owner’s capital 11,990 Debt investments (short-term) 3,500 Accounts receivable 1,400 Notes payable (due in 2021) 400 Inventory 2,200 Cash 2,400 List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accumulated Depreciation-Delivery Trucks Advertising Expense Buildings Cash Debt Investments Delivery Trucks Depreciation Expense Equipment Gasoline Expense Income Summary Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Long-term Debt Long-term Investments Maintenance…
