PLEASE COMPLETE e. - f.
PLEASE COMPLETE e. - f.
PLEASE COMPLETE e. - f.
Part E
Acid-test ratio = (total current assets – merchandise inventory)/total current liabilities = (202000-103000)/102800 = 99000/102800 = 0.96
Part F
a. ROI for the year ended December 31, 2020 |
Increase |
b. ROE for the year ended December 31, 2020 |
No effect |
c. Working capital as at December 31, 2020 |
No effect |
d. Current ratio as at December 31, 2020 |
Increase |
Due to payment of accounts payable, there is decrease in cash and thus decrease in total assets and thus there is increase in ROI
Due to payment of accounts payable, there is decrease in current assets and decrease in accounts payable, this increases current ratio.
Part G
a. ROI for the year ended December 31, 2020 |
No effect |
b. ROE for the year ended December 31, 2020 |
No effect |
c. Working capital as at December 31, 2020 |
No effect |
d. Current ratio as at December 31, 2020 |
No effect |
PLEASE COMPLETE e. - f. PLEASE COMPLETE e. - f. PLEASE COMPLETE e. - f. 2020...
Please answer with explanations. Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $500,000. HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 2019 Assets Cash Accounts receivable Merchandise inventory $ 20,000 72,000 99,000 $ 21,000 78,000 103,000 $202,000 50,000 125,000 (65,000) $312,000 $191,000 40,000 110,000 (60,000) $281,000 Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt...
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $540,000. HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 2019 Assets Cash $ 24,000 $ 21,000 Accounts receivable 78,000 72,000 Merchandise inventory 103,000 99,000 Total current assets $ 205,000 $ 192,000 Land 50,000 40,000 Plant and equipment 125,000 110,000 Less: Accumulated depreciation (65,000 ) (60,000 ) Total assets $ 315,000 $ 282,000 Liabilities...
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $630,000. HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 2019 Assets Cash $ 20,000 $ 21,000 Accounts receivable 78,000 72,000 Merchandise inventory 103,000 99,000 Total current assets $ 201,000 $ 192,000 Land 50,000 40,000 Plant and equipment 125,000 110,000 Less: Accumulated depreciation (65,000 ) (60,000 ) Total assets $ 311,000 $ 282,000 Liabilities...
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year endea December 31, 2020, totaled $530,000. HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 2019 Assets Cash $ 20,000 78,000 103,000 $ 201,000 50,000 125,000 (65,000) $ 311,000 $ 21,000 72,000 99,000 $ 192,000 40,000 110,000 (60,000) $ 282,000 Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt...
calculate ROI for 2017 resented here are the comparative balance sheets of Hames, Inc., at December 31, 2017 and 2016. Sales fo HAMES, INC., Balance Sheets December 31, 2017 and 2016 2017 2016 $ 20,000 78,000 103,000 $ 201,000 50,000 125,000 (65,000) $ 311,000 $ 21,000 72,000 99,000 $ 192,000 40,000 110,000 (60,000) $ 282,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other accrued...
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $680,000 HAMES INC Balance Sheets December 31, 2020 and 2019 2020 2019 $ 23, eee 78, eee 103,000 $204, eee 50,000 125, eee (65,000) $314, eee $ 21,000 72, eee 99,000 $192,000 40,00 110,000 (60, eee) $282,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets...
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $650,000. HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 2019 $ 19,000 78,000 103,000 $ 200,000 50,000 125,000 (65,000) $ 310,000 $ 20,000 72,000 99,000 $191,000 40,000 110,000 (60,000) $ 281,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts...
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $690,000. HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 2019 $ 19,000 78,000 103,000 $ 200,000 50,000 125,000 (65,000) $ 310,000 $ 20,000 72,000 99,000 $191,000 40,000 110,000 (60,000) $ 281,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts...
Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ende December 31, 2020, totaled $580,000. HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 2019 $ 23,000 78,000 103,000 $ 204,000 50,000 125,000 (65,000 $314,000 $ 20,000 72,000 99,000 $191,000 40,000 110,000 (60,000) $281,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land Plant and equipment Less: Accumulated depreciation Total assets Liabilities Short-term debt Accounts payable Other...
please explain the steps.. I need parts f & g Presented here are the comparative balance sheets of Hames Inc. at December 31, 2020 and 2019. Sales for the year ended December 31, 2020, totaled $690,000. HAMES INC. Balance Sheets December 31, 2020 and 2019 2020 2019 $ 23,000 78,000 103,000 $ 204,000 50,000 125,000 ( 65,000) $ 314,000 $ 19,000 72,000 99,000 $ 190,000 40,000 110,000 (60,000) $ 280,000 Assets Cash Accounts receivable Merchandise inventory Total current assets Land...