Question
In: Finance
(Preparing a balance sheet) Prepare a balance sheet from the information in the following table. Hint:...
(Preparing a balance sheet) Prepare a balance sheet from the information in the following table.
Hint: Use the accumulated depreciation account as a negative value. Retained earnings won't be needed for the question.
| Cash | $50,132 |
| Accounts receivable | $42,602 |
| Accounts payable | $23,319 |
| Short-term notes payable | $10,819 |
| Inventories | $40,844 |
| Gross fixed assets | $1,280,667 |
| Other current assets | $5,172 |
| Long-term debt | $200,715 |
| Common stock | $490,856 |
| Other assets | $15,160 |
| Accumulated depreciation | $311,215 |
| Retained earnings | ? |
What is the firm's debt ratio: _______% (Round to one decimal place.)
Solutions
Expert Solution
Retained earnings = Total assets - Total Liabilities - Common Stock = $397653
Debt Ratio = Total liabilities / Total Assets
Debt Ratio = 234853 / 1123362
Debt Ratio = 20.9%
jeff jeffy answered 2 years agoRelated Solutions
(Preparing a balance sheet) Prepare a balance sheet from the information in the popup window, ....
(Preparing
a balance
sheet)
Prepare a balance sheet from the information in the popup
window,
. What are the networking capital and debt ratio? Complete the
part of the balance sheet below. (Round to the nearest
dollar.
NOTE:
Input the Accumulated depreciation account as a negative
value.)
Balance Sheet
ASSETS
Cash
$
Total current assets
$
$
Net fixed assets
$
Total assets
$
Choose from any list or enter any number in the input fields and
then click Check...
From the following balance sheet and additional information given, prepare cash flow statement. Balance Sheet as...
From the following balance sheet and additional
information given, prepare cash flow statement.
Balance Sheet as on March 31, 2005 and 2006
Particulars
2005 Rs.
2006 Rs.
Particulars
2005 Rs.
2006 Rs.
Share Capital
9,00,000
9,00,000
Fixed Assets
8,00,000
6,40,000
General Reserve
6,00,000
6,20,000
Investments
1,00,000
1,20,000
Profit & loss a/c
1,12,000
1,36,000
Stock
4,80,000
4,20,000
Creditors
3,36,000
2,68,000
Debtors
4,20,000
9,10,000
Provision for tax
1,50,000
20,000
Bank
2,98,000
3,94,000
Mortgage loan
-
5,40,000
20,98,000
24,84,000
20,98,000
24,84,000
Additional Information:...
Use the following information to prepare a multistep incomestatement and a balance sheet for Sherman...
Use the following information to prepare a multistep income
statement and a balance sheet for Sherman Equipment Co. for 2016.
(Hint: Some of the items will not appear on
either statement, and ending retained earnings must be calculated.)(Balance Sheet only: Items to be deducted must be indicated
with a minus sign.)
With the following information prepare the Balance Sheet for the Balanced Company -- time period is...
With the following
information prepare the Balance Sheet for
the Balanced Company -- time
period is Dec 21, 2017
Salary Payable
$
7,600
Equipment
$ 62,400
Truck
$ 44,500
Notes Payable
$ 34,500
Accounts Receivable
$ 46,500
Land
$ 37,000
Capital
$ 160,000
Inventory
$ 14,700
Supplies
$
3,800
Accounts Payable
$ 31,400
Cash
$ 24,600
Prepare a balance sheet from the information in the popup window. What are the networking capital...
Prepare a balance sheet from the information in the popup
window. What are the networking capital and debt ratio?
Complete the part of the balance sheet below. (Round to the
nearest dollar: NOTE: Input the Accumulated depreciation account as
a negative value.)
Data Table
Cash
$ 50,768.00
Accounts Receivable
$ 42,057.00
Total Assets = Total Liability + Equity
Accout Payable
$ 23,947.00
Short-Term Note Payable
$ 10,120.00
Inventories
$ 40,398.00
Gross Fixed Assets
$
1,280,763.00
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5,964.00...
1. The following is selected financial information from Tilly’s, Inc. Prepare the Income Statement, Balance Sheet...
1. The following is selected financial information from Tilly’s,
Inc. Prepare the Income Statement, Balance Sheet and Cash Flow for
February 2014 and 2013 using the below info.
Tillys info
($thousands)
Feb 1 2014
Feb 2 2013
Cash and cash equlvalents
25412
17315
Cash flow from operations
43794
41730
Cost of goods sold
343542
317096
Total liabilities
91484
88085
Total assets
232407
205381
Cash flow from financing
1834
22819
Sales revenue
495837
467291
Cash flow from investing
(37530)
(72326)
Other...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
Balance Sheet Analysis
Complete the balance sheet and sales information in the table
that follows for J. White Industries using the following financial
data:
Total assets turnover: 1.7
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
Total liabilities-to-assets ratio: 50%
Quick ratio: 0.80
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.25
Do not round intermediate calculations. Round your answers to
the nearest whole dollar.
Partial Income Statement
Information
Sales
$...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
Balance Sheet Analysis
Complete the balance sheet and sales information in the table
that follows for J. White Industries using the following financial
data:
Total assets turnover: 1.2
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
25%
Total liabilities-to-assets ratio: 45%
Quick ratio: 0.80
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.75
Do not round intermediate calculations. Round your answers to
the nearest whole dollar.
Partial Income Statement
Information
Sales
$ ...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
Balance Sheet Analysis
Complete the balance sheet and sales information in the table
that follows for J. White Industries using the following financial
data:
Total assets turnover: 1.8
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
20%
Total liabilities-to-assets ratio: 45%
Quick ratio: 1.00
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.75
Do not round intermediate calculations. Round your answers to
the nearest whole dollar.
Partial Income Statement
Information
Sales
$ ...
Balance Sheet Analysis Complete the balance sheet and sales information in the table that follows for...
Balance Sheet Analysis
Complete the balance sheet and sales information in the table
that follows for J. White Industries using the following financial
data:
Total assets turnover: 1.2
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =
30%
Total liabilities-to-assets ratio: 50%
Quick ratio: 1.10
Days' sales outstanding (based on 365-day year): 36.5 days
Inventory turnover ratio: 3.25
Do not round intermediate calculations. Round your answers to
the nearest whole dollar.
Partial Income Statement
Information
Sales
$ ...
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