Question
In: Accounting
Use the information from the balance sheet and income statement in the popup? window, LOADING...?, to...
Use the information from the balance sheet and income statement in the popup? window, LOADING...?, to calculate the following? ratios: a. Current ratio b.? Acid-test ratio c. Times interest earned d. Inventory turnover e. Total asset turnover f. Operating profit margin g. Days in receivables h. Operating return on assets i. Debt ratio j. Fixed asset turnover k. Return on equity
Balance Sheet ASSETS
Cash $93,000
Accounts receivable 40,000
Inventory 46,000
Prepaid expenses 11,000
Total current assets $190,000
Gross plant and equipment 397,000
Accumulated depreciation (63,000)
Total assets $524,000
LIABILITIES AND OWNERS' EQUITY
Accounts payable $95,000
Accrued liabilities 67,000
Total current liabilities $162,000
Long-term debt 125,000
Common stock 206,000
Retained earnings 31,000
Total liabilities and equity $524,000
Income Statement Sales* $217,000
Cost of goods sold (89,000)
Gross profit $128,000
Selling, general, and administrative expenses (32,000)
Depreciation expenses (29,000)
Operating income $67,000 Interest expense (14,000)
Earnings before taxes $53,000
Taxes (21,200)
Earnings available to common shareholders $31,800
* 12% of sales are cash sales.
Solutions
ekkarill92 answered 1 year 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...
(Working with a statement of cash flows?) Given the information in the popup? window, LOADING... ?,...
(Working
with a statement of cash
flows?)
Given the information in the popup? window,
LOADING...
?, prepare a statement of cash flows.
Complete operating activities part of the statement of cash?
flows:???(Round to the nearest dollar.
NOTE?:
Input cash inflows as positive values and cash outflows as
negative? values.)
Increase in accounts receivable
?$2525
Increase in inventories
2929
Operating income
7474
Interest expense
2626
Increase in accounts payable
2424
Dividends
1717
Increase in common stock
2121
Increase in net fixed...
(Working with a statement of cash flows) Given the information in the popup window, LOADING..., prepare...
(Working with a statement of cash flows) Given the information
in the popup window, LOADING..., prepare a statement of cash
flows. Complete operating activities part of the statement of cash
flows: (Round to the nearest dollar. NOTE: Input cash inflows as
positive values and cash outflows as negative values.)
Increase in accounts receivable
$25
Increase in inventories
31
Operating income
74
Interest expense
27
Increase in accounts payable
27
Dividends
14
Increase in common stock
18
Increase in net fixed...
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
Other Current Assets
$
5,964.00...
(Break-even analysis) You have developed the income statement in the popup window, LOADING... , for the...
(Break-even analysis) You have developed the income statement
in the popup window, LOADING... , for the Hugo Boss Corporation.
It represents the most recent year's operations, which ended
yesterday. Your supervisor in the controller's office has just
handed you a memorandum asking for written responses to the
following questions: a. What is the firm's break-even point in
sales dollars? b. If sales should increase by 40 percent, by what
percent would earnings before taxes (and net income)
increase?
data table...
(Break-even analysis) You have developed the income statement in the popup window, LOADING... , for the...
(Break-even analysis) You have developed the income statement
in the popup window, LOADING... , for the Hugo Boss Corporation.
It represents the most recent year's operations, which ended
yesterday. Your supervisor in the controller's office has just
handed you a memorandum asking for written responses to the
following questions: a. What is the firm's break-even point in
sales dollars? b. If sales should increase by 30 percent, by what
percent would earnings before taxes (and net income)
increase?
Sales 51,853,438...
(Break-even analysis) You have developed the income statement in the popup window, LOADING... , for the...
(Break-even
analysis)
You have developed the income statement in the popup
window,
LOADING...
, for the Hugo Boss Corporation. It represents the most recent
year's operations, which ended yesterday. Your supervisor in the
controller's office has just handed you a memorandum asking for
written responses to the following questions:
a. What is the firm's break-even point in sales dollars?
b. If sales should increase by 35 percent, by what percent
would earnings before taxes (and net income) increase?
a. What...
Use the data from the following financial statements in the popup window, LOADING... . The company...
Use the data from the following financial statements in the
popup window,
LOADING...
. The company paid interest expense of
$ 18 comma 700$18,700
for
20172017
and had an overall tax rate of
40 %40%
for
20172017.
Complete the statement of retained earnings for
20172017,
and determine the dividends paid last year.
The distributed earnings is
$nothing
Partial Income Statement Year Ending 2017
Sales revenue
$350,200
Cost of goods sold
$142,000
Fixed costs
$43,000
Selling, general, and administrative expenses
$28,100...
statement. From the following income statement accounts in the popup window, Account Balance Cost of goods...
statement. From the following income statement accounts in the
popup window,
Account Balance
Cost of goods sold $1,424,000
Interest expense $294,000
Taxes $220,400
Revenue $2,987,000
Selling, general, and administrative expenses $453,000
Depreciation $265,000
a. produce the income statement for the year.
b. produce the operating cash flow for the year.
a. produce the income statement for the year.
Complete the income statement below. (Round to the nearest
dollar.)
Income Statement
Year Ending December 31, 2017
$
$
$
$
EBIT...
Statement of retained earnings. Use the data from the following financial statements in the popup window,...
Statement of retained earnings. Use the data from the following
financial statements in the popup window, LOADING.... The company
paid interest expense of $ 18 comma 400 for 2017 and had an overall
tax rate of 40 % for 2017. Complete the statement of retained
earnings for 2017, and determine the dividends paid last year.
Partial Income Statement Year Ending 2017
Sales revenue
$350,000
Cost of goods sold
$142,000
Fixed costs
$43,200
Selling, general, and administrative expenses
$27,800
Depreciation
$46,200...
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