Chapter 2, Problem 2.7E

Use the table for the questions below.   Consider the following balance sheets:   PharmPic   DosageDoc Reported Dec. 31, 2020 2021   2020 2021 Assets           Cash 224,224 200,400   301,540 230,876 Accounts Receivable 129,000 118,125   130,316 110,345 Inventories 154,890 171,147   184,717 186,000   Total Current Assets 508,114 489,672   616,573 527,221 Net Property Plant & Equipt. 421,162 431,795   456,462 460,000 Patents and Trademarks 212,770 210,110   201,348 199,990 Total Assets 1,142,046 1,131,577   1,274,383 1,187,211             Liabilities and Stockholders' Equity:           Short Term Borrowings (Bank) 257,000 264,023   302,453 270,000 Accounts Payable 212,900 209,000   267,004 225,000 Current Portion of LTD (Interest Bearing Debt) 39,532 29,081   32,611 46,048 Total Current Liabilities 509,432 502,104   602,068…

Use the following information for the Quick Study below. (Algo) Skip to question   [The following information applies to the questions displayed below.] A comparative balance sheet and income statement is shown for Cruz, Incorporated. CRUZ, INCORPORATED Comparative Balance Sheets At December 31 2021 2020 Assets     Cash $ 66,100 $ 16,600 Accounts receivable, net 28,500 35,200 Inventory 59,700 66,100 Prepaid expenses 3,700 3,000 Total current assets 158,000 120,900 Furniture 74,600 85,000 Accumulated depreciation—Furniture (11,600) (6,400) Total assets $ 221,000 $ 199,500 Liabilities and Equity     Accounts payable $ 10,400 $ 14,700 Wages payable 6,300 3,500 Income taxes payable 1,000 1,900 Total current liabilities 17,700 20,100 Notes payable (long-term) 20,700 50,500 Total liabilities 38,400 70,600 Equity     Common stock, $5 par value 159,500 125,000 Retained earnings 23,100 3,900 Total liabilities and equity $ 221,000 $ 199,500…

Baggett Company’s balance sheet accounts and amounts as of December 31, 2019, are shown in random order as follows: 1. Prepare a December 31,2019, balance sheet for Baggett.                                2. Compute the debt-to-assets ratio.

Suppose the following financial data were reported by 3M Company for 2021 and 2022 (dollars in millions). 3M Company Balance Sheets (partial) Current assets Cash and cash equivalents Accounts receivable, net Inventories Other current assets Total current assets Current liabilities 2022 $3,010 3,510 2,765 1,914 2021 $4,770 $1,908 3,195 3,028 1,621 $11,199 $9,752 $5,800

Please see attachment.  The bottom portion is what I cannot figure out. The following financial information is for Priscoll Company. Priscoll CompanyBalance SheetsDecember 31 Assets   2020   2019 Cash   $ 84,700     $ 78,650   Debt investments (short-term)   66,550     48,400   Accounts receivable   125,840     108,900   Inventory   278,300     199,650   Prepaid expenses   30,250     27,830   Land   157,300     157,300   Building and equipment (net)   314,600     223,850   Total assets   $1,057,540     $844,580   Liabilities and Stockholders’ Equity             Notes payable (short-term)   $205,700     $145,200   Accounts payable   78,650     62,920   Accrued liabilities   48,400     48,400   Bonds payable, due 2023   302,500     205,700   Common stock, $10 par   242,000     242,000   Retained earnings   180,290     140,360   Total liabilities and stockholders’ equity   $1,057,540     $844,580     Priscoll CompanyIncome StatementFor…

Kindly verify the basic accounting equation balances. the assets, liabilities and Stockholder's Equity.  Table of Contents   VISA INC. CONSOLIDATED BALANCE SHEETS                     September 30, 2019   September 30, 2018   (in millions, except par value data) Assets       Cash and cash equivalents $ 7,838     $ 8,162   Restricted cash equivalents—U.S. litigation escrow (Note 4 and Note 5) 1,205     1,491   Investment securities (Note 6) 4,236     3,547   Settlement receivable 3,048     1,582   Accounts receivable 1,542     1,208   Customer collateral (Note 4 and Note 11) 1,648     1,324   Current portion of client incentives 741     340   Prepaid expenses and other current assets 712     562   Total current assets 20,970     18,216   Investment securities (Note 6) 2,157     4,082   Client incentives…

Chapter 5, page 344 and 349: EA12. 5.3 Using the following Balance Sheet summary information, calculate for the two years presented: A. working capital B. current ratio 12/31/2018 12/31/2019 $76,000 48,000 Current assets $295,000 Current liabilities 163,500 After computing liquidity ratios, comment on the performance of an entity using acceptable standards of liquidity performance

The following financial information relate to Lang Industrial Systems Inc. and as a financial analyst you are required to assist with the following problems: Assets Current Assets Cash Accounts Receivable Inventory Total Current Assets Fixed Assets Property, Plant, and Equipment Less Accumulated Depreciation Net Fixed Assets Total Assets Balance Sheet ($ in Millions) 2022 2021 540 820 550 950 174 776 400 Total Current Liabilities 1910 1400 Long-Term Liabilities Long-Term Debt Total Long- Term Liabilities Owners' Equity 2686 600 400 800 100 700 Liabilities and 2022 2021 Owners' Equity 2100 Current Liabilities Accounts Payable Notes Payable Common Stock ($1 Par) Retained Earnings Total Owners' Equity Total Liab. and Owners' Equity 1120 810 460 1580 431 431 340 335 675 2686 370 1180 440 440 310 170 480 2100 Income Statement ($ in Millions) 2022 Sales Cost of Goods Sold Administrative Expenses Depreciation Earnings Before Interest and Taxes Interest Expense Taxable income Taxes Net Income…

BB14.6 (LO 2) (Calculate and vvaluate liquidity:) Selected Inancial data for Shumway Lid. are shown below, (a) For each of 2024 and 2023, calculate the (1) current ratio. (2) receivables turnoves rario, and (3) inventary turnover ratio. (b) Based on these ratios, what conclusion(s) can be drown about the company's liquidity? \table[[, 2024, 2023,2022], [Accounts receivablo (gross), 5850,000, & 750,000,$650,000