Question
In: Accounting
The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities,...
The current asset section of the Excalibur Tire Company’s
balance sheet consists of cash, marketable securities, accounts
receivable, and inventories. The December 31, 2018, balance sheet
revealed the following:
| Inventories | $ | 990,000 | |
| Total assets | $ | 3,500,000 | |
| Current ratio | 2.10 | ||
| Acid-test ratio | 1.20 | ||
| Debt to equity ratio | 1.8 | ||
Required:
Determine the following 2018 balance sheet items:
current assets and long term assets
Solutions
ekkarill92 answered 3 years agoRelated Solutions
The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities,...
The current asset section of the Excalibur Tire Company’s
balance sheet consists of cash, marketable securities, accounts
receivable, and inventory. The December 31, 2021, balance sheet
revealed the following:
Inventory
$
910,000
Total assets
$
3,000,000
Current ratio
2.60
Acid-test ratio
1.30
Debt to equity ratio
1.5
Required:
Determine the following 2021 balance sheet items:
current assets:
shareholders' equity:
long-term assets:
long-term liabilities:
please show work for better understanding
The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities,...
The current asset section of the Excalibur Tire Company’s
balance sheet consists of cash, marketable securities, accounts
receivable, and inventory. The December 31, 2021, balance sheet
revealed the following: Inventory $ 1,000,000 Total assets $
4,000,000 Current ratio 2.20 Acid-test ratio 1.40 Debt to equity
ratio 1.5 Determine the following 2021 balance sheet items:
a. Current Assets?
b. Shareholder's Equity?
c. Long-term assets?
d. Long-term liabilities?
The current asset section of the Excalibur Tire Company’s balance sheet consists of cash, marketable securities,...
The current asset section of the Excalibur Tire Company’s
balance sheet consists of cash, marketable securities, accounts
receivable, and inventory. The December 31, 2021, balance sheet
revealed the following:
Inventory
$
940,000
Total assets
$
3,200,000
Current ratio
2.20
Acid-test ratio
1.20
Debt to equity ratio
1.5
Required:
Determine the following 2021 balance sheet items:
1.Current assets
2.Shareholders' equity
3.Long-term assets
4.Long-term liabilities
The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities
The current asset section of the Excalibur Tire Company's balance sheet consists of cash, marketable securities, accounts receivable and inventories. The December 31, 2018, balance sheet revealed the following:
SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets Current assets: Cash $ 57,100 Marketable securities 26,100...
SNIDER CORPORATION Balance Sheet December 31, 20X1 Assets
Current assets: Cash $ 57,100 Marketable securities 26,100 Accounts
receivable (net) 184,000 Inventory 242,000 Total current assets $
509,200 Investments 64,500 Plant and equipment $689,000 Less:
Accumulated depreciation 256,000 Net plant and equipment 433,000
Total assets $ 1,006,700 Liabilities and Stockholders' Equity
Current liabilities: Accounts payable $ 92,700 Notes payable 76,500
Accrued taxes 17,000 Total current liabilities $ 186,200 Long-term
liabilities: Bonds payable 151,000 Total liabilities $ 337,200
Stockholders' equity Preferred stock,...
The following items are reported on a company's balance sheet: Cash $292,600 Marketable securities 93,000 Accounts...
The following items are reported on a company's balance
sheet:
Cash
$292,600
Marketable securities
93,000
Accounts receivable
251,700
Inventory
178,500
Accounts payable
318,800
Determine the (a) current ratio, and (b) quick ratio. Round your
answers to one decimal place.
a. Current ratio
b. Quick ratio
The following items are reported on a company's balance sheet: Cash $247,900 Marketable securities 88,000 Accounts...
The following items
are reported on a company's balance sheet:
Cash
$247,900
Marketable securities
88,000
Accounts receivable
261,900
Inventory
192,700
Accounts payable
278,100
Round your answers to
two decimal places.
a.
Determine the current ratio.
b.
Determine the quick ratio.
The most recent balance sheet is as follow: Cash 1,000,000 Accounts payable 700,000 Marketable securities 800,000...
The most recent balance sheet is as follow:
Cash
1,000,000
Accounts payable
700,000
Marketable securities
800,000
Notes Payable
2,000,000
Accounts receivable
1,200,000
Accruals
1,300,000
Inventory
2,000,000
Current liabilities
4,000,000
Current Assets
5,000,000
Long-term debt
5,400,000
Common stock
4,600,000
Fixed assets
15,000,000
Retained earnings
6,000,000
Total assets
20,000,000
Total liabilities and equity
20,000,000
The firm estimates sales will increase from $40 million
to $50 million. The firm's profit margin is 5 percent, and its
dividend payout ratio is 40 percent. The...
On October 31, the stockholders’ equity section of Pharoah Company’s balance sheet consists of common stock...
On October 31, the stockholders’ equity section of Pharoah
Company’s balance sheet consists of common stock $ 680,000 and
retained earnings $395,000. Pharoah is considering the following
two courses of action:
(1)
Declaring a 5% stock dividend on
the 85,000 $ 8 par value shares outstanding
(2)
Effecting a 2-for-1 stock split that will reduce par value to $
4 per share.
The current market price is $ 13 per share.
Prepare a tabular summary of the effects of the alternative actions...
4) Common-Size Balance Sheet 2016 Cash and marketable securities $ 550 1.7 % Accounts receivable 5,990...
4)
Common-Size Balance Sheet
2016
Cash and marketable securities
$
550
1.7
%
Accounts receivable
5,990
18.1
Inventory
9,530
28.8
Total current assets
$
16,070
48.6
%
Net property, plant, and equipment
16,980
51.4
Total assets
$
33,050
100.0
%
Accounts payable
$
7,210
21.8
%
Short-term notes
6,790
20.5
Total current liabilities
$
14,000
42.4
%
Long-term liabilities
6,950
21.0
Total liabilities
$
20,950
63.4
%
Total common shareholders’ equity
12,100
36.6
Total liabilities and shareholders’ equity
$
33,050...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- How Can Hominin Evolution be characterized as " mosaic evolution" Use examples of species from the...
- Absorption and Variable Costing Income Statements for Two Months and Analysis During the first month of...
- Mobile and wireless devices are being increasingly used in the Business Administration and Management Industry. write...
- What are the options that might be considered in relation to introducing flexible work practices? What...
- Question 2 : Aggregate Scores: Write a program that opens 2 files, quiz.txt, and hw.txt. The...
- Define the term symbiosis specifically as it applies in a biological context. Compare and contrast parasitism,...
- A research team conducted a study showing that approximately 20% of all businessmen who wear ties...
ADVERTISEMENT