Question
In: Accounting
The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average...
The following information pertains to Ortiz Company. Assume that all balance sheet
amounts represent both average and ending balance figures. Assume that all sales were
on credit.
Assets
Cash and short-term investments
$ 45,000
Accounts receivable (net)
25,000
Inventory
12,000
Property, plant and equipment
210,000
Total Assets
$292,000
Liabilities and Stockholders’ Equity
Current liabilities
$ 50,000
Long-term liabilities
90,000
Stockholders’ equity—common
152,000
Total Liabilities and Stockholders’ Equity
$292,000
Income Statement
Sales
$ 120,000
Cost of goods sold
66,000
Gross profit
54,000
Operating expenses
30,000
Net income
$ 24,000
Number of shares of common stock
6,000
Market price of common stock
$20
Dividends per share
.50
What is the current ratio? What is the accounts receivable turnover? What is the inventory turnover? What is the return on assets? What is the profit margin? What is the return on common stockholders’ equity? What is the price-earnings ratio?
Solutions
Expert Solution
Current Ratio = Current Assets/ Current Liabilities =>(Cash+
Account receivable+ Inventory)/Current liabilities. =>
(45,000+25000+12000)/50000 = 82000/50000 = 
If you have any doubts please comment on the answer
ekkarill92 answered 1 year agoRelated Solutions
The following information pertains to Ortiz Company. Assume that all balance sheet amounts represent both average...
The following
information pertains to Ortiz Company. Assume that all balance
sheet amounts represent both average and ending balance figures.
Assume that all sales were on credit.
Assets
Cash and short-term investments
$ 45,000
Accounts receivable (net)
30,000
Inventory
20,000
Property, plant and equipment
210,000
Total Assets
$305,000
Liabilities and Stockholders' Equity
Current liabilities
$ 50,000
Long-term liabilities
95,000
Stockholders' equity—common
160,000
Total Liabilities and Stockholders' Equity
$305,000
Income Statement
Sales
$ 110,000
Cost of goods sold
66,000
Gross profit...
An insurance company reported the following balance sheet at year end for 2009 (all amounts are...
An insurance company reported the following balance
sheet at year end for 2009 (all amounts are in millions of
dollars)
Assets
Investments $1500
Insurance assets 300
Total 1800
Liabilities and equity
Insurance claims 700
Unearned premiums 140
Long-term debt 150
Equity 810
Total 1800
Investments are available-for-sale securities marked to
market.
The company reported the following income statement for 2010
Premium revenue 365
Investment income 60
Realized gains on investments 80
Total revenue 505
Insurance losses and expenses 405
Net...
The following balance sheet information is available (amounts in thousands of dollars and duration in years)...
The following balance sheet information is available (amounts in
thousands of dollars and duration in years) for a financial
institution:
AssetsLiabilities and Equity in millions
T-bills $ 95.00, 0.5 year
T-notes $ 125.00, 0.9 year
T-bonds $ 100.00
Loans $2,724.00
Deposits $2,092.00, 1 year
Federal funds $ 282.00 0.01 year
Equity $ 670.00
Treasury bonds are five-year maturities paying 6 percent
semiannually and quoted at 0.92.
a. What is the duration of the T-bond portfolio?
b. What is the average duration...
Question 1 The following balance sheet information is available (amounts in $ thousands and duration in...
Question 1
The following balance sheet
information is available (amounts in $ thousands and duration in
years) for a financial institution
Amount
Duration
T-bills
90
0.5
T-notes
55
0.9
T-bonds
176
To be calculated
Loans
2724
7
Deposits
2092
1
Federal Funds
238
0.01
Equity
715
Treasury bonds are 5-year
maturities paying 6% semiannually and selling at par
What is the duration of the T-Bond portfolio?
What is the average duration of
all the assets?
What is the average duration...
Prepare the balance sheet for this company, following usual IFRS practices. Assume the balance sheet is reported
Question: adidas Group reported the following balance sheet accounts in a recent year (euros in millions). Prepare
the balance sheet for this company, following usual IFRS practices. Assume the balance sheet is reported
as of December 31, 2014.
Property, plant and equipment €1,454 Intangible assets . €2,763
Total equity . 5,617 Total current liabilities . 4,378
Accounts receivable 1,946 Inventories . 2,526
Total noncurrent liabilities . 2,422 Total liabilities 6,800
Cash and cash equivalents . 1,683 Other current assets...
CP 14–8 Assume the following income statement and balance sheet information: Service revenue (all cash) $175...
CP 14–8 Assume the following income statement and
balance sheet information:
Service revenue (all cash)
$175
Operating expenses Salaries (all cash)$ 85
Net
income
$90
2020 2019
Current assets
Cash
$1,250 $1,600
Short‐term invest.
100 200
$1,350
$1,800
Liabilities
Borrowings
600 1,000
Stockholders’ equity
Common
stock
200 300
Retained
earnings
550 500
750 800
$1,350 $1,800
Other information: The short‐term investments are riskless and
will be converted to a known amount of cash in 60 days....
USE THE FOLLOWING INFORMATION TO CONSTRUCT AN INCOME STATEMENT AND BALANCE SHEET FOR 2011. ASSUME THE...
USE THE FOLLOWING INFORMATION TO CONSTRUCT AN INCOME STATEMENT
AND BALANCE SHEET FOR 2011. ASSUME THE TAX RATE IS 40%. (COMMON
EQUITY IS A PLUG IN NUMBER)
ITEM
2010
2011
SALES
10,000
12,000
DEPRECIATION
3,000
3,000
COST OF GOODS SOLD
2,000
2,000
OTHER EXPENSES
3,000
4,000
INTEREST
1,000
1,000
CASH
1,000
1,000
ACCOUNTS RECEIVABLE
3,000
3,000
S.T. NOTES PAYABLE
1,000
1,000
L.T. DEBT
10,000
11,000
NET FIXED ASSETS
20,000
20,000
ACCOUNTS PAYABLE
2,000
2,000
INVENTORY
3,000
3,000
DIVIDENDS
600
600...
20. Following are balance sheet amounts for Carolina Company as of 12/31/17: Preferred Stock
20. Following are balance sheet amounts for Carolina Company as
of 12/31/17:
Preferred Stock
$ 200,000
Common
Stock
300,000
Paid-In Capital in Excess of Par -
Preferred
200,000
Paid-In Capital in Excess of Par -
Common
400,000
Retained
Earnings
500,000
Treasury
Stock
100,000
Paid In Capital from Treasury
Stock
50,000
Given the above what is total paid in capital?
Select one:
a. $1,150,000
b. $1,100,000
c. $1,000,000
d. $ 600,000
e. $ 650,000
21. A corporation issued...
Assume the following data relating to the financials for the Candy Company (K). Company Balance Sheet...
Assume the following data relating to the financials for the
Candy Company (K).
Company Balance Sheet
Total
Assets
$9,800,000
Debt $2,700,000
Company Income Statement
Revenue $15,200,000
Profit Margin 6%
Required:
Based on the above data, calculate the ROE for Candy Co.
Which of the following amounts would be included on the right side of a balance sheet?...
Which of the following amounts would be included on the right
side of a balance sheet?
A.
the cash held by the company
B.
the amount of money owed to the company by customers who have
not yet paid for goods and services they have received
C.
the amount of deferred tax liability held by the company
D.
the value of government bonds held by the company
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- What are the major types of customer or patient service-level issues that exist in health care?
- 1. Does it deviate from culture norms for what is acceptable? 2. Is it maladaptive? 3....
- Environment The environment is one of the most influential sectors in recent ycars . So, the...
- The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The...
- Demographers have noted that the world’s population distribution will undergo a major shift in the next...
- (Subject is Marketing Management MGT-201) Personal selling is one of the oldest forms of marketing communication;...
- (Subject is Marketing Management MGT-201) A business plan identifies the responsibilities of general management as they...
ADVERTISEMENT