Question
In: Finance
Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2013.
Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2013. On that date the firm had cash and marketable securities of $25,135, accounts receivable of $43,758, inventory of $166,000, net fixed assets of $325,600, and other assets of $13,125. It had accounts payables of $67,855, notes payables of $36,454, long-term debt of $224,500, and common stock of $150,000. How much retained earnings did the firm have?
Retained earnings
Solutions
jeff jeffy answered 2 years agoRelated Solutions
Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30,...
Given the following information about Elkridge Sporting Goods,
Inc., construct a balance sheet for June 30, 2013. On that date the
firm had cash and marketable securities of $25,135, accounts
receivable of $43,758, inventory of $165,200, net fixed assets of
$329,800, and other assets of $13,125. It had accounts payables of
$67,855, notes payables of $36,454, long-term debt of $223,200, and
common stock of $150,000. How much retained earnings did the firm
have? Retained earnings $
Given the following information about Cullumber Sporting Goods, Inc., construct a balance sheet for June 30,...
Given the following information about Cullumber Sporting Goods,
Inc., construct a balance sheet for June 30, 2017. On that date the
firm had cash and marketable securities of $25,135, accounts
receivables of $43,758, inventory of $167,000, net fixed assets of
$329,700, and other assets of $13,125. It had accounts payables of
$67,855, notes payables of $36,454, long-term debt of $223,100, and
common stock of $150,000. How much retained
earnings did the firm have?
Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30,...
Given the following information about Elkridge Sporting Goods,
Inc., construct a balance sheet for June 30, 2017. On that date the
firm had cash and marketable securities and accounts receivable
totaling 28,764, inventory of 162,391, net fixed assets of 331,346,
and other assets of 15,419. It had accounts payables and notes
payable totaling 169,257, long-term debt of 177,202, and common
stock of 112,991. How much retained earnings did the firm have?
Round to whole numbers
please answer all, Thank you ! Given the following information about Sheridan Sporting Goods, Inc., construct...
please answer all, Thank you !
Given the following information about Sheridan Sporting Goods,
Inc., construct a balance sheet for June 30, 2017. On that date the
firm had cash and marketable securities of $25,135, accounts
receivables of $43,758, inventory of $172,200, net fixed assets of
$321,900, and other assets of $13,125. It had accounts payables of
$67,855, notes payables of $36,454, long-term debt of $224,200, and
common stock of $150,000. How much retained earnings did the firm
have?
-Retained...
Given the following information about Oak & Elm Manufacturing Ltd, construct a balance sheet for the...
Given the following information about Oak & Elm
Manufacturing Ltd, construct a balance sheet for the period ending
30 June 2018. As at 30 June 2018 the company had cash of $35,000,
accounts receivable of $45,000, inventory of $150,000, property,
plant and equipment of $350,000 and other assets of $15,000. It had
accounts payable of $70,000, notes payable of $36,000, long-term
debt of $225,000 and retained earnings of $149,000. What is the
book value (original issue value) of the ordinary...
Analysts were given the following balance sheet information for the years ended June 30, 2016 and...
Analysts were given the following balance sheet information for
the years ended June 30, 2016 and June 30, 2015:
Assets
2016
2015
Cash and Marketable Securities
$38,104
$25,631
Accounts Receivable
$342,742
$216,708
Inventory
$332,760
$429,860
Other Current Assets
$105,809
$85,672
Total Current Assets
$819,415
$757,871
Gross Plant and Equipment
$2,050,368
$1,859,234
Less: Accumulated Depreciation
($432,560)
($386,720)
Net Plant and Equipment
$1,617,808
$1,472,514
Goodwill and Other Assets
$286,539
$312,672
Total Assets
$2,723,762
$2,543,057
Liabilities and Equity
2016
2015
Accounts Payable
$332,450...
From the following balance sheet accounts, Construct a balance sheet for 2013 and 2014 List all...
From the following balance sheet accounts,
Construct a balance sheet for 2013 and 2014
List all the working capital accounts
Find the net working capital for the years ending 2013 and
2014
Calculate the change in net working capital for the year
2014
Account
Balance 12/31/2013
Balance 12/31/2014
Accounts payable
$1000
$1100
Accounts receivable
$2480
$2690
Cash
$1300
$1090
Common stock
$4990
$4990
Inventory
$5800
$6030
Long-term debt
$7800
$8200
Three-month Notes payable
$ 800
$ 960
Plant, property, and...
Given the following information please construct a balance sheet and an income statement for the company....
Given the following information please construct a balance sheet
and an income statement for the company. It provides software via a
cloud subscription. There is no inventory.
All information in $000
Total
Revenues
5,374
Cash
908
Common
Stock
651
Cost of Revenues
Subscription
925
Interest Expense
16
Additional Paid in
Capital
3,954
Retained
Earnings
(630)
Cost of Revenues Professional Services
365
Gross Margin
4,084
Short term
securities
87
Long term
debt
2,328
Accounts
Receivable ...
Given the following information please construct a balance sheet and an income statement for the company....
Given the following information please construct a balance sheet
and an income statement for the company. It provides software via a
cloud subscription. There is no inventory.
All information in $000
Total
Revenues
5,374
Cash
908
Common
Stock
651
Cost of Revenues
Subscription
925
Interest Expense
16
Additional Paid in
Capital
3,954
Retained
Earnings
(630)
Cost of Revenues Professional Services
365
Gross Margin
4,084
Short term
securities
87
Long term
debt
2,328
Accounts
Receivable ...
Upham Company’s June 30, 2016, balance sheet included the following information: Upham Company Partial Balance Sheet...
Upham Company’s June 30, 2016, balance sheet included the
following information:
Upham Company
Partial Balance Sheet
June 30, 2016
1
Accounts Receivable
$248,000.00
2
Less: Allowance for Doubtful Accounts
(14,400.00)
$233,600.00
3
Notes Receivable
21,400.00
4
Total Receivables
$255,000.00
5
* The company has a recourse liability of $2,450 for notes
receivable sold with recourse.
During the company’s fiscal year ending June 30, 2017, the
following transactions occurred:
1.
Sales on credit
$870,400
2.
Collections of accounts receivable
842,800
3....
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