You find the following financial information about a company: net working capital $1,071; fixed assets = $7,297; total assets = $11,686; and long-term debt $4,381. What is the company's total equity? Multiple Choice $3,987 $8,539 $4,389 $6,457 $9,387

You find the following financial information about a company: net working capital $1,071; fixed assets = $7,297; total assets = $11,686; and long-term debt $4,381. What is the company's total equity? Multiple Choice $3,987 $8,539 $4,389 $6,457 $9,387

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 3CE: Compute the following profitability measures for Esplanade Enterprises for 20-2: (a) Profit margin...

See similar textbooks

Related questions

Q: You are given the following balance sheet of Bungaraya Sdn Bhd: Assets 38,000 Current assets Net…

A: Weighted Average Cost of Capital(WACC) refers to the financial ratio that calculates the overall…

Q: Working capital: Laurel Electronics reported the following information at its annual meeting: The…

A: Here,

Q: A company has net working capital of $2,287, current assets of $6,525, equity of $22,305, and…

Q: Following are some data from the financial statements of TIK Company and TOK, Inc.: TIK Company TOK…

A: "Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…

Q: A company has total equity of $2,085, net working capital of $215, long-term debt of $1,020, and…

A: Net Fixed Assets - It is the value of fixed assets derived after deducting accumulated depreciation…

Q: Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Selected data for the Rubio Company follow:Current assets.............. $ 31,200 Current liabilities…

A: Debt ratio = Total liabilities / Total assets

Q: Orange Co. has liabilities of $395,000 and assets of $524,000. What percentage of the company's…

A: Formula: Accounting equation: Assets = Total liabilities + Owners equity

Q: The balance sheet for Fanning Corporation follows: $ 242,000 758,000 Current assets Long-term assets…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: rm has long-term debt of $46,400, fixed assets of $35,246, cash of $4,120, accounts payable $7,360,…

A: Working capital, also known as net working capital (NWC), is the difference between a company's…

Q: A firm has $820 in inventory, $3,200 in fixed assets, $670 in accounts receivable, $390 in accounts…

A: Inventory is $820 Fixed Assets is $3,200 Accounts Receivables are $670 Accounts payables are $390…

Q: The following information was taken from Charu Company’s balance sheet:Fixed assets (net)…

A: (a)

Q: You are given the following information: Cash=$407, inventory= $579, Notes payable=$301, Long-term…

A: Given data; Cash= $407 inventory = $ 579 Notes payable = $ 301 Long term debt = $1680 Account…

Q: Based on the following information from Schrute Company's balance sheet, calculate the current…

A: Current ratio shows the capacity of current assets to repay the current liabilities. More than 1…

Q: A firm has net working capital of $560. Long-term debt is $3,970, total assets are $7,390, and fixed…

A: Working capital is also called as net working capital. It is referred as the difference between the…

Q: Neon Light Company has $1,000,000 in assets and $600,000 of debt. It reports net income of $100,000.…

A: Given Information Assets = $1,000,000 Debt =$600,000 Net income = $100,000

Q: A corporation reports the following year-end balance sheet data. The company's debt ratio equals:…

A: Total liabilities = Current liabilities + Long term liabilities = $75,000 + $35,000 = $110,000 Total…

Q: Some selected financial statement items belonging to MNO Company are given in the table below.…

A: Return on Assets means total income or ner profit earned on total amount of assets invested.

Q: The Lawrence Company has a ratio of long-term debt to long-term debt plus equity of .34 and a…

A: Profit Margin = Net Profit/Sales So Net Profit = Sales * Profit Margin ROE = Net Profit/Equity So…

Q: The following information was taken from Slater Company's balance sheet: Fixed assets (net)…

A: Ratio of Fixed assets to long term liabilities = Fixed assets / long term liabilities Ratio of…

Q: A company has total assets of $600,000 and total liabilities of $200,000. What is the company's Debt…

A: Debt Ratio = Total Liabilities/Total Assets It is ratio of total liabilities or total debt to total…

Q: Southern Style Realty has total assets of $485,390, net fixed assets of $250,000, current…

A: Formula: Total debt ratio = Total debts / Total Assets

Q: Need help ASAP :(

A: Solution: Working capital of the company = Current assets - Current liabilities

Q: The following information was taken from Slater Company's balance sheet: Fixed assets (net)…

A: Ratio of fixed assets to long-term liabilities = Fixed assets/Long term liabilities Ratio of…

Q: A firm has total assets of $638,727, current assets of $203,015, current liabilities of $122,008,…

A: Debt Equity Ratio Debt Equity ratio which gives the insight of the comparison between the total…

Q: A firm has net working capital of $560. Long-term debt is $3,970, total assets are $7,390, and fixed…

A: Firm has assets to operate the business and liabilities from where firm arrange the amount to…

Q: The balance sheet for Campbell Corporation follows: Current assets $233,000 763,000 Long-term assets…

A: Working capital = Current assets - Current liabilities Current ratio = Current assets / Current…

Q: Some selected financial statement items belonging to MNO Company are given in the table below.…

A: Return on assets is a financial measure that is computed to measure the income generated by the…

Q: Presented below is selected data from the financial statements of Morgan Corporation for the current…

A: Current ratio is calculated by dividing the total current assets by the total current liabilities.…

Q: account

A: TOTAL CURRENT LIABILITIES = fixed assets + current assets -long term debt - retained earnings -…

Q: A firm has net fixed assets of $38,215, long-term debt of $560, cash of $22,400, accounts payable…

A: Working capital is the difference between current assets and current liabilities of an organization.…

Q: Culver Company provides you with the following condensed balance sheet information: Assets Current…

A: since you have posted a question with multiple subparts. As per our guidelines, we will be answering…

Q: The balance sheet of XYZ Company is shown below. What is the Net Working Capital for the company?…

A: Net working capital can be computed as follows = Current Asset - Current Liabilities

Q: The year-end balance sheet of Star Inc. shows total assets of $12,407 million, operating assets of…

A: Formula: Net operating Assets = operating assets - operating liabilities

Q: Complete the following balance sheet based on the information provided ASSETS LIABILITIES &…

A: Balance sheet is the statement which is prepared for the purpose of reporting the financial position…

Q: A company has total equity of $1,935, net working capital of $165, long-term debt of $920, and…

A: Formula to be used: Net fixed assets = Equity + debt - Working capital

Q: The following information was taken from Tyson Company's balance sheet: Fixed assets (net) $774,000…

A: Ratio analysis is a method of measuring the financial position of the organization with different…

Q: The following information is available for Kiss Company: $101,500 $ 95,000 $ 42,500 $25,500 Sales…

A: Operating Income=Sales-Operating expenses=$101,500-$95,000=$6,500

Q: The total fixed Assets is 31,420 OMR . The total long term liabilities is 9970 OMR. The total…

A: As per the given figures, we can calculate the different financial ratios , some of them are…

Q: From the following Balance Sheet of Arth Ltd. Calculate. 7. (a) Debt equity ratio (b) Fixed assets…

A: The Debt equity proportion is a monetary proportion showing the general extent of investors' value…

Q: Ernst Company's balance sheet shows total liabilities of $32,500,000, total stockholders' equity of…

A: Introduction: Debt ratio: Division of Total Assets with Total liabilities derives the Debt ratio.

Q: A firm has long-term debt of $46,400, fixed assets of $35,246, cash of $4,120, accounts payable…

A: Net working capital = Current assets - Current Liabilities Current assets = Cash + Inventory +…

Q: Working capital: Winston Electronics reported the following information at its annual meetings. The…

A: Working capital is amount of cash companies maintain for daily operations of company. Working…

Q: Zam Corp has a book value of equity of $17,010. Long-term debt is $8,400. Net working capital, other…

A: Current Assets other than cash = Net working capital other than cash + Current Liabilities Current…

Q: The balance sheet for Munoz Corporation follows: Current assets Long-term assets (net) Total assets…

A: Working capital = Current assets - Current liabilities Current ratio = Current assets/Current…

Q: NNR Inc.'s balance sheet showed total current assets of $1,812,000 plus $4,379,000 of net fixed…

A: GIVEN, CURRENT ASSET 1812000 FIXED ASSET 4379000 ACCOUNT PAYABLE 498000 SHORT TERM NOTE…

Question

You find the following financial information about a company: net working capital = $1,071; fixed assets $7,297; total
assets = $11,686; and long-term debt = $4,381. What is the company's total equity?
Multiple Choice
$3,987
$8,539
$4,389
$6,457
$9,387

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.

Similar questions

Assume Plainfield Manufacturing has debt of $6,500,000 with a cost of capital of 9.5% and equity of $4,500,000 with a cost of capital of 11.5%. What is Tylers weighted average cost of capital?
Income Statement Ratio The income statement of Holly Enterprises shows operating revenues of $134,800, selling expenses of $38,310, general and administrative expenses of $36,990, interest expense of $580, and income tax expense of $13,920. Hollys stockholders equity was $280,000 at the beginning of the year and $320,000 at the end of the year. The company has 20,000 shares of stock outstanding at the end of the year. Required Compute Hollys profit margin. What other information would you need in order to comment on whether this ratio is favorable?
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
Assume Skyler Industries has debt of $4,500,000 with a cost of capital of 7.5% and equity of $5,500,000 with a cost of capital of 10.5%. What is Skylers weighted average cost of capital?
Analyze and compare Zynga, Electronic Arts, and Take-Two Data (in millions) from recent financial statements of Zynga Inc. (ZNGA), Electronic Arts Inc. (EA), and Take-Two Interactive Software, Inc. (TTWO) are as follows: a. Compute the working capital for Year 2 and Year 1 for each company. b. Which company has the largest working capital? c. Compute the current ratio for Year 2 and Year 1 for each company. Round to one decimal place. d. For Year 2, rank the companies from most liquid to least liquid based upon the current ratio.
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, respectively
If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity is: A. $32,000. B. $(32,000). C. $(8000). D. $8,000.
Profitability Ratios The following data came from the financial statements of Israel Company: Revenue $900,000 Assets $600,000 Expenses 600,000 Liabilities 100,000 Net income 300,000 Average equity 500,000 Required:
Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of 8,125,000, and total assets of 40,625,000. Required: Note: Round answers to two decimal places. 1. Calculate the debt ratio. 2. Calculate the debt-to-equity ratio.
Hummel Inc. has $30,000 in current assets and $15,000 in current liabilities. What is Hummels current ratio? a. 3 c. 1 b. 2 d. 0.5
The capital structure of Ridley Enterprises Is: Debt 40%, Equity 60%. The cost of debt is 13%, and the cost of equity is 16.5%. What is the weighted average cost of capital for Ridley Enterprises? A. 14.4% B. 15.1% C. 16.2% D. 13.8%
Klynveld Companys balance sheet shows total liabilities of 94,000,000, total stockholders equity of 75,000,000, and total assets of 169,000,000. Required: Note: Round answers to two decimal places. 1. Calculate the debt ratio. 2. Calculate the debt-to-equity ratio.