Question

In-Class Exercise - Accounting Review 10. Angie Animal House had current assets of $55,300 and current liabilities of $47.950

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Question 10

B5 - X =C4-B4 А. 1 2 Current Assets 3 Current Liabilities 4 Working Capital 5 Net Change in Working Capital Last Year 55300 4

B5 - X fx =C4-B4 B C Last Year This Year 2 Current Assets 55300 80400 3 Current Liabilities 47950 82100 4 Working Capital 735

Working Capital Includes only Current Assets & Current Liabilities.

Note: As per HOMEWORKLIB POLICY, only 1 separate question per post is answered please ask the remaining questions in a separate post.

Add a comment
Know the answer?
Add Answer to:
In-Class Exercise - Accounting Review 10. Angie Animal House had current assets of $55,300 and current...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • pls show the work In-Class Exercise - Accounting Review 10. Angie Animal House had current assets...

    pls show the work In-Class Exercise - Accounting Review 10. Angie Animal House had current assets of $55,300 and current liabilities of $47.950 last year. This year, the current assets are $80,400 and the current liabilities are $82,100. The depreciation expense for the past vear is $10,600 and the interest paid is $7.800. What is the amount of the change in net working capital (NWC)? Chapter 3 - Analysis of Financial Statements 11. Bloom Car Rental's sales last year were...

  • pls do from 14 to 20 In-Class Exercise - Accounting Review 10. Angie Animal House had...

    pls do from 14 to 20 In-Class Exercise - Accounting Review 10. Angie Animal House had current assets of $55,300 and current liabilities of $47.950 last year. This year, the current assets are $80,400 and the current liabilities are $82,100. The depreciation expense for the past vear is $10,600 and the interest paid is $7.800. What is the amount of the change in net working capital (NWC)? Chapter 3 - Analysis of Financial Statements 11. Bloom Car Rental's sales last...

  • pls answer all the questions and show the work In-Class Exercise - Accounting Review 10. Angie...

    pls answer all the questions and show the work In-Class Exercise - Accounting Review 10. Angie Animal House had current assets of $55,300 and current liabilities of $47.950 last year. This year, the current assets are $80,400 and the current liabilities are $82,100. The depreciation expense for the past vear is $10,600 and the interest paid is $7.800. What is the amount of the change in net working capital (NWC)? Chapter 3 - Analysis of Financial Statements 11. Bloom Car...

  • LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its...

    LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $720,000, and its net income after taxes was $24,655. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15%. What profit margin would LeCompte need in order to achieve the 15% ROE, holding everything else constant? Select the correct answer. LeCompte Corp. has $312,900 of...

  • please show the work and provide correct answers. This is from financial management course In-Class Exercise...

    please show the work and provide correct answers. This is from financial management course In-Class Exercise - Accounting Review Chapter 2 - Financial Statements, Cash Flow, and Taxes 1. Frederickson Office Supplies recently reported $12,500 of sales, $7,250 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges and no non- operating income. It had $8,000 of bonds outstanding that carry a 7.5% interest rate, and its federal-plus- state income tax rate was 40%....

  • 6. Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets...

    6. Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of $195,000. The debt-to-total-assets ratio was 27%, the interest rate on the debt was 8.2%, and the firm's tax rate was 37%. The new CFO wants to see how the ROE would have been affected if the firm had used a 45% debt ratio. Assume that sales and total assets would not be affected, and that the interest rate and tax rate would both...

  • Last year Kruse Corp had $410,000 of assets (which is equal to its total invested capital),...

    Last year Kruse Corp had $410,000 of assets (which is equal to its total invested capital), $403,000 of sales, $28,250 of net income, and a debt-to-total-capital ratio of 39%. The new CFO believes the firm has excessive fixed assets and inventory that could be sold, enabling it to reduce its total assets and total invested capital to $252,500. The firm finances using only debt and common equity. Sales, costs, and net income would not be affected, and the firm would...

  • Last year Ann Arbor Corp had $250,000 of assets (which equals total invested capital), $305,000 of...

    Last year Ann Arbor Corp had $250,000 of assets (which equals total invested capital), $305,000 of sales, $20,000 of net income, and a debt-to-total-capital ratio of 37.5%. The new CFO believes that a new computer program will enable the company to reduce costs and thus raise net income to $33,000. The firm finances using only debt and common equity. Assets, total invested capital, sales, and the debt to capital ratio would not be affected. By how much would the cost...

  • LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its...

    LeCompte Corp. has $312,900 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $620,000, and its net income after taxes was $24,655. Stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 20%. What profit margin would LeCompte need in order to achieve the 20% ROE, holding everything else constant? Answers: a. 8.35% b. 7.57% c. 10.09% d. 8.76%...

  • Last year Mason Inc. had a total assets turnover of 1.33 and an equity multiplier of...

    Last year Mason Inc. had a total assets turnover of 1.33 and an equity multiplier of 1.75. Its sales were $375,000 and its net income was $10,549. The CFO believes that the company could have operated more efficiently, lowered its costs, and increased its net income by $5,250 without changing its sales, assets, or capital structure. Had it cut costs and increased its net income in this amount, by how much would the ROE have changed? Select the correct answer....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT