Use the following data to determine the total amount of working capital. Marigold Corp. Balance Sheet December 31, 2022
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Use the following data to determine the total amount of
| Marigold Corp. | |||||
| Balance Sheet | |||||
| December 31, 2022 | |||||
|
Cash
|
$126500 |
Accounts payable
|
$155500 | ||
|---|---|---|---|---|---|
|
|
123800 |
Salaries and wages payable
|
34600 | ||
|
Inventory
|
205100 |
Note payable (due 2025)
|
274500 | ||
|
Short-term investments
|
88600 |
Total liabilities
|
$464600 | ||
|
Land (held for future use)
|
256500 | ||||
|
Land
|
285000 | ||||
|
Buildings
|
$336500 |
Common stock
|
$355500 | ||
|
Less: Accumulated
|
(62300) | 274200 |
|
745000 | |
|
Franchise
|
205400 |
Total
|
$1100500 | ||
|
Total assets
|
$1565100 |
Total liabilities and stockholders' equity
|
$1565100 |
$353900
$265300
$610400
$383900
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- Angela Corporation has the following selected assets and liabilities: Given the said data, determine the company’s net working capital. (check the photo) Choose the letter of correct answer a. P35,000.00b. P39,000.00c. P33,000.00d. P72,000.00e. P52,000.00Following are the current asset and current liability sections of the balance sheets for Freedom Inc. at January 31, 2020 and 2019 (in millions): January 31, 2020 January 31, 2019 Current Assets Cash $ 11 $ 8 Accounts receivable 6 9 Inventories 7 11 Total current assets $ 24 $ 28 Current Liabilities Note payable $ 6 $ 6 Accounts payable 6 3 Other accrued liabilities 5 5 Total current liabilities $ 17 $ 14 Required:a. Calculate the working capital and current ratio at each balance sheet date. (Enter "Working capital" in millions of dollars (i.e., 10,000,000 should be entered as 10). Round your "Current ratio" to 2 decimal places.)The 2018 balance sheet for Hallbrook Industries, Inc., is shown below.HALLBROOK INDUSTRIES, INC.Balance SheetDecember 31, 2018($ in thousands)AssetsCash $ 200Short-term investments 150Accounts receivable 200Inventories 350Property, plant, and equipment (net) 1,000Total assets $1,900Liabilities and Shareholders’ EquityCurrent liabilities $ 400Long-term liabilities 350Paid-in capital 750Retained earnings 400Total liabilities and shareholders’ equity $1,900The company’s 2018 income statement reported the following amounts ($ in thousands):Net sales $4,600Interest expense 40Income tax expense 100Net income 160Required:Determine the following ratios for 2018:1. Current ratio2. Acid-test ratio3. Debt to equity ratio4. Times interest earned ratio
- The following information is for Sweet Day Real Estate: Sweet Day Real EstateBalance SheetDecember 31, 2021 Cash $ 24500 Accounts Payable $ 60600 Prepaid Insurance 29700 Salaries and Wages Payable 14700 Accounts Receivable 50300 Mortgage Payable 85800 Inventory 68600 Total Liabilities 161100 Land Held for Investment 83900 Land 118500 Buildings $101200 Common Stock $122100 Less Accumulated Depreciation (20200) Retained Earnings 244300 366400 81000 Trademark 71000 Total Liabilities and Stockholders’ Equity Total Assets $527500 $527500 The total dollar amount of assets to be classified as current assets is A) $257000. B) $104500. C) $173100. D) $188400.determine the working capital rom the following information Debtors $ 148000, cash balance $ 69000 bank balance $ 129000 stock of Finished goods $ 188000 & current liabilities amount to $ 645000 ans options are : -12000 -111000 121000 18000how do i determine the working capital from the following information Sunland CompanyBalance SheetDecember 31, 2022 Assets Current assets Cash $ 61,800 Debt investments 87,000 Accounts receivable (net) 169,800 Inventory 155,150 Total current assets 473,750 Plant assets (net) 570,000 Total assets $ 1,043,750 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 153,500 Income taxes payable 36,000 Total current liabilities 189,500 Bonds payable 186,250 Total liabilities 375,750 Stockholders’ equity Common stock 351,000 Retained earnings 317,000 Total stockholders’ equity 668,000 Total liabilities and stockholders’ equity $1,043,750
- A company's transactions for the year ended 31 December 2020, included the following: Purchase of building for RO 125000. Purchased investment securities worth RO 600000 Paid dividends of RO 300000 Issued 800 shares of common stock for RO 550000 Sale of Land costing RO 112000 for RO 175000 Accounts Receivable outstanding of RO 60000 were collected. Inventory were increased by RO 22000 Sale of Marketable securities RO 32100 Calculate the company's net cash INFLOW / OUTFLOW from investing activities?(Balance Sheet Preparation) Presented below are a number of balance sheet items for Montoya, Inc. for the current year, 2020. Goodwill $ 125,000 Accumulated depreciation—equipment $ 292,000 Payroll taxes payable 177,591 Inventory 239,800 Bonds payable 300,000 Rent payable (short-term) 45,000 Discount on bonds payable 15,000 Income taxes payable 98,362 Cash 360,000 Rent payable (long-term) 480,000 Land 480,000 Common stock, $1 par value 200,000 Notes receivable 445,700 Preferred stock, $10 par value 150,000 Notes payable (to banks) 265,000 Prepaid expenses 87,920 Accounts payable 490,000 Equipment 1,470,000 Retained earnings ? Debt investments (trading) 121,000 Income taxes receivable 97,630 Accumulated depreciation—buildings 270,200 Notes payable (long-term) 1,600,000 Buildings 1,640,000 Instructions Prepare a classified balance sheet in good form. Common…Preparation of statement of cash flow and a statement of financial position Land $30.000 Bond payable 100.000 Bulding 120.000 Current Liabilities 150.000 Equipment 90.000 Share capital (ordinary) 180.000 Acc.depreciation bulding (30.000) Retained earnings 44.000 Acc. Depreciation building (11.000) Totaal 474.000 Patents 40.000 Current asset 235.000 Total 474.000 The following information is available for 2019 Net income was $ 55,000 Equipment cost 20,000 and aqumulated depreciation $ 8,000 was sold for $9,000 Depreciation expense was %4,000 on the building and $9,000 for equipment Patent amortize cost was $ 2,500 Currrent asset other than cash is increase by $25,000. Current liabilities increases by $ 13,000 An additional to the building was completed at a cost $16,000 Bonds payable of $50,000 were issued A long term investment in debt securities was purchased for $ 16,000 Cash devident of $25,000 were declared and paid Treasury shares were purchased at a cost $ 11,000…
- The condensed balance sheet of the Dae-jung Inn are as follows. Assets 2019 2020 Current Assets Cash 30.000 70.000 Marketable Securities 20.000 25.000 Accounts Receivable 80.000 105.000 Inventory 20.000 25.000 Prepaid Expenses 15.000 5.000 Total Current Assets 165.000 230.000 Investments 160.000 480.000 Property and Equipment Land 440.000 440.000 Building 2.000.000 2.000.000 Equipment 600.000 710.000 Accumulated Depreciation (1.000.000) (1.425.000) Net Property and Equipment 2.040.000 1.725.000 Total Assets 2.365.000 2.415.000 Liabilities and Owners Equity Current Liabilities Account Payable 30.000 35.000 Dividends Payable 25.000 20.000 Current Portion of LTD 45.000 45.000 Total 100.000 100.000 Long-term Debt 1.000.000 1.040.000 Capital Stock 1.175.000 1.175.000 Treasury Stock…Calculates the Dupont formula and presents reasons that justify the company's profitability and motivate capital investment. Balance Sheet 2018 2019 Cash $63,000 $201,000 Accounts Receivable 199,000 305,000 Marketable Securities 81,000 42,000 Inventories 441,000 455,000 Prepaids 5,000 9,000 Total Current Assets 789,000 1,012,000 Property, Plant, and Equipment, net 858,000 858,000 Total Assets $1,647,000 $1,870,000 Account Payable $150,000 $100,000 Accruals 101,000 95,000 Total Current Liabilities $251,000 $195,000 Bonds Payable 405,000 575,000 Total Liabilities 656,000 770,000 Common Stocks 700,000 700,000 Retained Earnings 291,000 400,000 Total Stockholders’ Equity 991,000 1,100,000 Total Liabilities & Equity $1,647,000 $1,870,000 Income…A comparative balance sheet for Gena Company appears below:GENA COMPANYComparative Balance SheetDec. 31, 2021 Dec. 31, 2020AssetsCash $ 34,000 $11,000Accounts receivable 21,000 13,000Inventory 35,000 17,000Prepaid expenses 6,000 9,000Long-term investments -0- 17,000Equipment 60,000 33,000Accumulated depreciation—equipment (20,000) (15,000)Total assets $136,000 $85,000Liabilities and Stockholders' EquityAccounts payable $ 17,000 $ 7,000Bonds payable 36,000 45,000Common stock 53,000 23,000Retained earnings 30,000 10,000Total liabilities and stockholders' equity $136,000 $85,000Additional information:1. Net income for the year ending December 31, 2021 was $35,000.2. Cash dividends of $15,000 were declared and paid during the year.3. Long-term investments that had a cost of $17,000 were sold for $14,000.4. Depreciation expense for the year was $5,000.InstructionsPrepare a full statement of cash flows for the year ended December 31, 2021, using the indirectmethod.
