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SINJH INC. Comparative Balance Sheets December 31 Assets 2012 Cash S 90.800 Accounts receivable 92.800 Inventory 112.500 Prepaid expenses 28.400 Investments 138.000 Plant assets 270.000 Accumulated depreciation (50.000) Total $682.500 2011 $ 48.400 33.000 102.850 26.000 114.000) 242.500 (52.000) $514.750 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total S112.000 16.500 110,000 220.000 224.000 S682.500 S 67.300 17.000 150.000 175.000 105.450 S514.750 SINJH INC. Income Statement For the Year Ended December 31, 2012...
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P17.7A Presented below are the financial statements of Rajesh Company RAJESH COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation equipment Total 2012 S 35.000 33.000 27.000 60.000 (29.0% ) S126.000 2011 S 20.000 14.000 20.000 78,000 (24.000) S108.000) Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total S 29.000 7.000 27.000 18.00 45.000 S126.000 $ 15.000 8.000 33.000 14.000 38.000 $108.000 RAJESH COMPANY Income Statement For the...
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GRANGER INC. Comparative Balance Sheets December 31 Assets 2016 Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable 2017 $ 80,800 87,800 112,500 28,400 138,000 285,000 (50,000) $682,500 $ 48,400 38,000 102,850 26,000 109,000 242,500 (52,000) $514,750 $102,000 16,500 110,000 az $ 67,300 21,000 146,000 ense 4.730 4,730 Less: Cost of goods sold $135,460 Operating expenses, excluding depreciation 12,410 Depreciation expense 46,500 Income tax expense...
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December 31 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2022 $ 38,500 22,000 30,800 66,000 (35,200 ) $122,100 2021 $ 22,000 15,400 22,000 85,800 (26,400) $118,800 $ 16,500 8.800 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $ 20,900 7,700 18.700 19.800 36,300 15,400 S5,000 $122.100 $118,30 $266,200 192.500 73,700 Marigold Conany Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross...
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Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation $ 4,600 10,750 14,300 1,100 19,000 12,900 $62,650 Land Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $ 2,490 8,730 9,500 19,000 22,930 $62,650 What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.)
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Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation Accounts payable Wages payable Income taxes payable Notes payable (long-term) Common shares Retained earnings June 30 2020 2019 $ 92,160 $ 47,000 102,000 75,600 80,220 116,220 6,540 6,300 162,000 150,000 34,800 18,000 32,400 39,600 9,600 20,400 2,940 4,380 54,000 90,000 282,000 222,000 27,180 740 $792,000 480,000 $312,000 Western Environmental Inc. Income Statement For Year Ended June 30, 2020 Sales Cost of goods sold Gross profit Operating expenses: Depreciation expense $...
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Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,880 $ 35,580 s 37,286 88,780 61,580 51,800 112,e80 83,60052,809 4,800 10,4ее 9,3ee 278,880 251,eee 228,88 $520,980 $440,980 $373,00 Liabilities and Equity Accounts payable Long-term notes payable secured by $128,800 $ 73,000 $ 5,800 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,e80 99,250 81,660 163,580163,580163,5e 77.180 $520,989 $440,989 $ 373,0 13e,600 185,158 The company's income statements for...
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Assets Cash Accounts receivable Inventory Prepaid expensers Total current assets Equipment Accum. depreciation-Equipment Total assets 67,900 85,500 62, 625 293,656 263,800 2,135 446,776414, 060 120,000 83,890 1,330 145,500 (42,625) (52,000) $549,651 $482,060 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term notes payable Total liabilities Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings Total liabilities and equity 65,141 $132, 675 8,400 141,075 59,000 60,750 13, 600 78,741 7.741 201,...
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Cash Accounts Receivable Merchandise Inventory Plant and Equipment Accumulated Depreciation - Plant and Equipment Total Assets 2019 $27,000 34,000 59,000 127,000 2018 $25,000 36,000 25,000 92,000 (Decrease) $2,000 (2,000) 34,000 35,000 (48,000) (44,000) $199,000 $134,000 (4,000) $65,000 Additional information provided by the company includes the following 1. Equipment was purchased for $70,000 with cash. 2. Equipment with a cost of $35,000 and accumulated depreciation of $7,100 was sold for $46,000 What was the amount of net cash provided by (used...
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METRO COMPANY Comparative Balance Sheet Dec 31 2011 2010 Assets Cash Accounts receivable Inventories Prepaid expenses Investments Plant assets Accumulated depreciation Total $41,000 $23.000 26.000 34,000 25.000 15.000 7,500 7,500 2.500 2.500 50,000 78,000 -20.000 -24.000 $132.000 $136.000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Paid in Capital in Excess of Par Retained earnings Total $15,000 $23,000 13,000 8,000 7,000 33,000 41.000 24.000 10,000 10,000 46.000 38.000 $132.000 $136.000 $360.000l METRO COMPANY Income Statement...
SINJH INC. Comparative Balance Sheets December 31 Assets 2012 Cash S 90.800 Accounts receivable 92.800 Inventory 112.500 Prepaid expenses 28.400 Investments 138.000 Plant assets 270.000 Accumulated depreciation (50.000) Total $682.500 2011 $ 48.400 33.000 102.850 26.000 114.000) 242.500 (52.000) $514.750 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total S112.000 16.500 110,000 220.000 224.000 S682.500 S 67.300 17.000 150.000 175.000 105.450 S514.750 SINJH INC. Income Statement For the Year Ended December 31, 2012...
P17.7A Presented below are the financial statements of Rajesh Company RAJESH COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation equipment Total 2012 S 35.000 33.000 27.000 60.000 (29.0% ) S126.000 2011 S 20.000 14.000 20.000 78,000 (24.000) S108.000) Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total S 29.000 7.000 27.000 18.00 45.000 S126.000 $ 15.000 8.000 33.000 14.000 38.000 $108.000 RAJESH COMPANY Income Statement For the...
GRANGER INC. Comparative Balance Sheets December 31 Assets 2016 Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable 2017 $ 80,800 87,800 112,500 28,400 138,000 285,000 (50,000) $682,500 $ 48,400 38,000 102,850 26,000 109,000 242,500 (52,000) $514,750 $102,000 16,500 110,000 az $ 67,300 21,000 146,000 ense 4.730 4,730 Less: Cost of goods sold $135,460 Operating expenses, excluding depreciation 12,410 Depreciation expense 46,500 Income tax expense...
December 31 Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total 2022 $ 38,500 22,000 30,800 66,000 (35,200 ) $122,100 2021 $ 22,000 15,400 22,000 85,800 (26,400) $118,800 $ 16,500 8.800 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $ 20,900 7,700 18.700 19.800 36,300 15,400 S5,000 $122.100 $118,30 $266,200 192.500 73,700 Marigold Conany Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross...
Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation $ 4,600 10,750 14,300 1,100 19,000 12,900 $62,650 Land Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings Total liabilities and stockholders' equity $ 2,490 8,730 9,500 19,000 22,930 $62,650 What is the company's quick (acid-test) ratio? (Round your answer to 2 decimal places.)
Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation Accounts payable Wages payable Income taxes payable Notes payable (long-term) Common shares Retained earnings June 30 2020 2019 $ 92,160 $ 47,000 102,000 75,600 80,220 116,220 6,540 6,300 162,000 150,000 34,800 18,000 32,400 39,600 9,600 20,400 2,940 4,380 54,000 90,000 282,000 222,000 27,180 740 $792,000 480,000 $312,000 Western Environmental Inc. Income Statement For Year Ended June 30, 2020 Sales Cost of goods sold Gross profit Operating expenses: Depreciation expense $...
Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $ 31,880 $ 35,580 s 37,286 88,780 61,580 51,800 112,e80 83,60052,809 4,800 10,4ее 9,3ee 278,880 251,eee 228,88 $520,980 $440,980 $373,00 Liabilities and Equity Accounts payable Long-term notes payable secured by $128,800 $ 73,000 $ 5,800 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,e80 99,250 81,660 163,580163,580163,5e 77.180 $520,989 $440,989 $ 373,0 13e,600 185,158 The company's income statements for...
Assets Cash Accounts receivable Inventory Prepaid expensers Total current assets Equipment Accum. depreciation-Equipment Total assets 67,900 85,500 62, 625 293,656 263,800 2,135 446,776414, 060 120,000 83,890 1,330 145,500 (42,625) (52,000) $549,651 $482,060 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term notes payable Total liabilities Equity Common stock, $5 par value Paid-in capital in excess of par, common stock Retained earnings Total liabilities and equity 65,141 $132, 675 8,400 141,075 59,000 60,750 13, 600 78,741 7.741 201,...
Cash Accounts Receivable Merchandise Inventory Plant and Equipment Accumulated Depreciation - Plant and Equipment Total Assets 2019 $27,000 34,000 59,000 127,000 2018 $25,000 36,000 25,000 92,000 (Decrease) $2,000 (2,000) 34,000 35,000 (48,000) (44,000) $199,000 $134,000 (4,000) $65,000 Additional information provided by the company includes the following 1. Equipment was purchased for $70,000 with cash. 2. Equipment with a cost of $35,000 and accumulated depreciation of $7,100 was sold for $46,000 What was the amount of net cash provided by (used...
METRO COMPANY Comparative Balance Sheet Dec 31 2011 2010 Assets Cash Accounts receivable Inventories Prepaid expenses Investments Plant assets Accumulated depreciation Total $41,000 $23.000 26.000 34,000 25.000 15.000 7,500 7,500 2.500 2.500 50,000 78,000 -20.000 -24.000 $132.000 $136.000 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Paid in Capital in Excess of Par Retained earnings Total $15,000 $23,000 13,000 8,000 7,000 33,000 41.000 24.000 10,000 10,000 46.000 38.000 $132.000 $136.000 $360.000l METRO COMPANY Income Statement...