Gen Combo Ll Financial Accounting: Information For Decisions; Connect Ac
Gen Combo Ll Financial Accounting: Information For Decisions; Connect Ac
9th Edition
ISBN: 9781260260779
Author: Wild
Publisher: MCG
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Chapter 12, Problem 9QS

1.

Summary Introduction

Concept Introduction:

The statement shows cash flows under three different types of business activities; operating activities, investing activities, and financing activities. The financing activities section of the statement indicates the cash inflow and outflow related to the procurement of the funds for the business.

To calculate:cash received from the sale of common stock during 2018.

2.

Summary Introduction

Concept Introduction:

The statement shows cash flows under three different types of business activities; operating activities, investing activities, and financing activities. The financing activities section of the statement indicates the cash inflow and outflow related to the procurement of the funds for the business.

To calculate:the cash paid for dividends during 2018.

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Using the fiscal year end 2019 annual report for General Mills, Inc. and the figures from the 2017 annual report as noted below, calculate the financial ratios for 2019 and 2018 indicated using the EXCEL template provided:   Gross profit percentage Return on sales Asset turnover Return on assets Return on common stockholders’ equity Current ratio Quick ratio Operating-cash-flow-to-current-liabilities ratio 9. Accounts receivable turnover Total assets 2017 = $21,812.6 Total stockholders’ equity 2017 = $4,327.9 Total current liabilities 2017 = $5,330.8 Accounts receivable 2017 = $1,430.1 Inventory 2017 = $1,483.6 Year-end closing stock price May 2019 = $50.93 Year-end closing stock price May 2018 = $39.37
The following information is from Princeton Company’s comparative balance sheets. The company’s net income for the current year ended December 31 was $48,000. 1. Compute the cash received from the sale of its common stock during the current year. 2. Compute the cash paid for dividends during the current year.
Comparative balance sheets for Pharoah Company are as follows. Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total Additional information: 1. 2. 3. 4. 5. 6. 7. Pharoah Company Comparative Balance Sheets December 31 Balance Sheet Accounts Total Total Net income for 2025 was $136,000. Cash dividends of $67,000 were declared and paid Bonds payable with a carrying value of $46,000 were redeemed for $46,000 cash. Common stock was issued at par for $60,000 cash. Depreciation expense was $23,100. Sales revenue for the year was $970,000. Land was sold at cost, and equipment was purchased for cash. Investing activities Prepare a worksheet for a statement of cash flows for 2025 using the indirect method. Enter the reconciling items directly on the worksheet. (Show amounts that decrease cash flow with either a-sign eg-15,000 Statement of…

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Gen Combo Ll Financial Accounting: Information For Decisions; Connect Ac

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