Assets Cash 25 Receivables (net) 56 Inventory 51 PP & E (net) 201 Goodwill 25 Total...
Assets
Cash 25
Receivables (net) 56
Inventory 51
PP & E (net) 201
Goodwill 25
Total assets 358
Liabilities & Equity
Accounts payable 59
Short term debt 12
Long term debt 130
Preferred stock 17
Common Equity 140
Total Liabilities + Equity 358
Questions: Show your work and calculations (Answers that are Multiples (X) or Percents (%) should be carried to 1 decimal place)
1. What is Newco’s net working capital? ($)
2. Calculate its balance sheet financial leverage using LTD/Capitalization. (%)
Homework Answers
Answer 1.
Current Assets = Cash + Receivables (net) + Inventory
Current Assets = $25 + $56 + $51
Current Assets = $132
Current Liabilities = Accounts Payable + Short-term Debt
Current Liabilities = $59 + $12
Current Liabilities = $71
Net Working Capital = Current Assets - Current Liabilities
Net Working Capital = $132 - $71
Net Working Capital = $61
Answer 2.
Capitalization = Long-term Debt + Preferred Stock + Common
Stock
Capitalization = $130 + $17 + $140
Capitalization = $287
Long-term Debt / Capitalization = $130 / $287
Long-term Debt / Capitalization = 45.30%
Add Answer to:
Assets
Cash 25
Receivables (net) 56
Inventory 51
PP & E (net) 201
Goodwill 25
Total...
Assets Current Assets Cash ST Investments Accounts Rec. Inventory $25 15 70 150 $260 Total Current...
Assets Current Assets Cash ST Investments Accounts Rec. Inventory $25 15 70 150 $260 Total Current Assets Long-term Assets Net PPE Goodwill 390 210 $860 Total Assets Current Liabilities Accounts Pay Accrued Liabilities 45 $85 Total Current Liabilities 130 Long Term debt Total Liabilities 240 370 Stockholder Equity Common Stock 80 410 490 Retained Earnings Total Stockholder Eq. $860 Total Liabilities and Stockholders Equity 4 Question: What is the company's debt ratio? 43.02% ) 56.32% 40.11% 55.80%
Assets Cash Accounts receivables Inventory Total current assets Net fixed Total assets 2007 $13,221 31,323 77,244...
Assets Cash Accounts receivables Inventory Total current assets Net fixed Total assets 2007 $13,221 31,323 77,244 $121,788 344,712 $466,500 2008 $11,729 37,909 91,617 $141,255 390,836 assets Liabilities and Stockholders' Equit Accounts payable Notes payable Deferred taxes Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders equity $38,549 12,004 21,934 $72,487 78,445 125,000 190,568 $ 42,881 16,753 16,788 $76,422 61,290 175,000 219,379 The company had a net income of $248,462, and depreciation expenses were equal to $72,487...
2 3393 3746 24 263 10646 2125 2365 2867 201 99 PP 29 Net Sales COGS...
2 3393 3746 24 263 10646 2125 2365 2867 201 99 PP 29 Net Sales COGS Net Income Accounts Receivable Inventory Current Assets Fixed Assets Total Assets Current Liabilities Long-Term Debt Total Liabilities Shareholder's Equity Number of Shares Outstanding 14 7469 4869 12338 2553 242 2795 9543 1993 377 1103 1480 317 351 668 812 102 25 75 17 54 What company has the highest current ratio? What company has the highest quick ratio? What company collects its receivables the...
2018 2017 Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets 60,000 $ 53,000 30,000...
2018 2017 Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets 60,000 $ 53,000 30,000 0 146,000 132,000 277,000 252,000 495,000 535,000 265,000 202,000 44,000 56,000 170,000 178,000 48,000 44,000 Total Current Liabilities Long-term Note Payable Income from Operations Interest Expense Compute the following ratios for 2018 and 2017, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio
rch the menus (A-T) Average Daily Operating Costs Total Assets- Total Equity Total Assets Total Debt...
rch the menus (A-T) Average Daily Operating Costs Total Assets- Total Equity Total Assets Total Debt Ratio Total Debt 4, Debt- Equity Ratio Total Equity 4Equity Multiplier Total Assets Total Equity 3,4: 241 26 Long-term Debt Ratio Long-Term Debt3.011 Long-Term Debt+ Total Equity 9.09 29 Times Interest Earned Ratio 30 EBIT Interest 398.5 3,821, Cash Coverage Ratio EBITt Depreciationl (39857 Interest (382110 Cost of Goods Sold NA Inv 976,600 Inventory Turnover Inventory Period Ending 9/30/2018 Current Assets Cash And Cash...
prepare a classified balance sheet Classified Balance Sheet: Current Assets, PP&E (net), Total Assets, Current Liabilities,...
prepare a classified balance
sheet
Classified Balance Sheet: Current Assets, PP&E (net), Total
Assets, Current Liabilities, Total Liabilities, Total Stockholders’
Equity, Total Liabilities & Stockholders’ Equity.
December 31, 2017 DEBIT CREDIT Cash Accounts Receivable Allowance for Doubtful Accounts Short term Note Receivable Interest Receivable Supplies Invento Prepaid Expenses Equipment Accumulated Depreciation Copyrights Accounts Payable Interest Payable Unearned Revenue Long Term Note Payable Common Stock Paid-in-Capital In Excess of Par - CS Retained Earnings (1/1/15) Dividends Sales Sales Returns & Allowances...
Cash Receivables Inventories Total current assets Net fixed assets $ 230,000 1,575,000 1,160,000 $2,965,000 1,320,000 Accounts...
Cash Receivables Inventories Total current assets Net fixed assets $ 230,000 1,575,000 1,160,000 $2,965,000 1,320,000 Accounts payable Notes payable Other current liabilities Total current liabilities Long-term debt Common equity Total liabilities and equity $ 600,000 100,000 545,000 $1,245,000 400,000 2,640,000 $4,285,000 Total assets $4,285,000 Lozano Chip Company: Income Statement for Year Ended December 31, 2019 (Thousands of Dollars) Sales $7,500,000 Cost of goods sold 6,375,000 Selling, general, and administrative expenses 929,000 Earnings before interest and taxes (EBIT) $ 196,000 Interest...
201 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 28,837...
201 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 28,837 33,e54 34,087 83,579 183,845 9,196 57,844 45,899 47,924 74,166 8,419 249,876 235,597 3,7se 289,240 474,533 489,880 S 340,980 Liabilities and Equity Accounts payable Long-term notes payable secured by $118,159 $ 67,868 44,999 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,184 162,580 183,770 474 , 533 74,586 162,5e0162,5ee 58,815 489 ,880 348,980 93,148 86,37238 1. Compute the...
What is the quick ratio for the year ending 10/31/2010? Use total net receivables. Also pay...
What is the quick ratio for the year ending 10/31/2010? Use total net receivables. Also pay attention to the dates in the question. 0.870 0.638 0.592 1.046 None of the above. Toro Co. (The) (NYS: TTC) Exchange rate used is that of the Year End reported date As Reported Annual Balance Sheet Report Date 10/31/2010 Currency USD Audit Status Not Qualified Consolidated Yes Scale Thousands Cash & cash equivalents 177,366 Customer receivables, gross 132,182 Less: allowance for doubtful accounts 3,828...
Rutner Rope – Balance Sheet Current Assets (Thousands) Cash 23.2 Net Receivables 119.5 Inventories 68.6 Other...
Rutner Rope – Balance Sheet Current Assets (Thousands) Cash 23.2 Net Receivables 119.5 Inventories 68.6 Other Current Assets 4.6 Total Current Assets 171 Net Fixed Assets 466.8 Other Noncurrent Assets 715.7 Total Assets 1353.5 Liabilities and Shareholders' Equity Current Liabilities Accounts Payable 58.1 Short-Term Debt 4 Other Current Liabilities 103.8 Total Current Liabilities 155.9 Long-Term Debt 849.8 Other Noncurrent Liabilities 95.5 Total Liabilities 1320.7 Revenue 2456.3 COGS 2068.4 Gross Profit 387.9 What are accounts payable in days? What are inventories...
Assets Current Assets Cash ST Investments Accounts Rec. Inventory $25 15 70 150 $260 Total Current Assets Long-term Assets Net PPE Goodwill 390 210 $860 Total Assets Current Liabilities Accounts Pay Accrued Liabilities 45 $85 Total Current Liabilities 130 Long Term debt Total Liabilities 240 370 Stockholder Equity Common Stock 80 410 490 Retained Earnings Total Stockholder Eq. $860 Total Liabilities and Stockholders Equity 4 Question: What is the company's debt ratio? 43.02% ) 56.32% 40.11% 55.80%
Assets Cash Accounts receivables Inventory Total current assets Net fixed Total assets 2007 $13,221 31,323 77,244 $121,788 344,712 $466,500 2008 $11,729 37,909 91,617 $141,255 390,836 assets Liabilities and Stockholders' Equit Accounts payable Notes payable Deferred taxes Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders equity $38,549 12,004 21,934 $72,487 78,445 125,000 190,568 $ 42,881 16,753 16,788 $76,422 61,290 175,000 219,379 The company had a net income of $248,462, and depreciation expenses were equal to $72,487...
2 3393 3746 24 263 10646 2125 2365 2867 201 99 PP 29 Net Sales COGS Net Income Accounts Receivable Inventory Current Assets Fixed Assets Total Assets Current Liabilities Long-Term Debt Total Liabilities Shareholder's Equity Number of Shares Outstanding 14 7469 4869 12338 2553 242 2795 9543 1993 377 1103 1480 317 351 668 812 102 25 75 17 54 What company has the highest current ratio? What company has the highest quick ratio? What company collects its receivables the...
2018 2017 Cash Short-term Investments Net Accounts Receivables Merchandise Inventory Total Assets 60,000 $ 53,000 30,000 0 146,000 132,000 277,000 252,000 495,000 535,000 265,000 202,000 44,000 56,000 170,000 178,000 48,000 44,000 Total Current Liabilities Long-term Note Payable Income from Operations Interest Expense Compute the following ratios for 2018 and 2017, and evaluate the company's ability to pay its current liabilities and total liabilities: a. Current ratio d. Debt ratio b. Cash ratio e. Debt to equity ratio c. Acid-test ratio
rch the menus (A-T) Average Daily Operating Costs Total Assets- Total Equity Total Assets Total Debt Ratio Total Debt 4, Debt- Equity Ratio Total Equity 4Equity Multiplier Total Assets Total Equity 3,4: 241 26 Long-term Debt Ratio Long-Term Debt3.011 Long-Term Debt+ Total Equity 9.09 29 Times Interest Earned Ratio 30 EBIT Interest 398.5 3,821, Cash Coverage Ratio EBITt Depreciationl (39857 Interest (382110 Cost of Goods Sold NA Inv 976,600 Inventory Turnover Inventory Period Ending 9/30/2018 Current Assets Cash And Cash...
prepare a classified balance
sheet
Classified Balance Sheet: Current Assets, PP&E (net), Total
Assets, Current Liabilities, Total Liabilities, Total Stockholders’
Equity, Total Liabilities & Stockholders’ Equity.
December 31, 2017 DEBIT CREDIT Cash Accounts Receivable Allowance for Doubtful Accounts Short term Note Receivable Interest Receivable Supplies Invento Prepaid Expenses Equipment Accumulated Depreciation Copyrights Accounts Payable Interest Payable Unearned Revenue Long Term Note Payable Common Stock Paid-in-Capital In Excess of Par - CS Retained Earnings (1/1/15) Dividends Sales Sales Returns & Allowances...
Cash Receivables Inventories Total current assets Net fixed assets $ 230,000 1,575,000 1,160,000 $2,965,000 1,320,000 Accounts payable Notes payable Other current liabilities Total current liabilities Long-term debt Common equity Total liabilities and equity $ 600,000 100,000 545,000 $1,245,000 400,000 2,640,000 $4,285,000 Total assets $4,285,000 Lozano Chip Company: Income Statement for Year Ended December 31, 2019 (Thousands of Dollars) Sales $7,500,000 Cost of goods sold 6,375,000 Selling, general, and administrative expenses 929,000 Earnings before interest and taxes (EBIT) $ 196,000 Interest...
201 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 28,837 33,e54 34,087 83,579 183,845 9,196 57,844 45,899 47,924 74,166 8,419 249,876 235,597 3,7se 289,240 474,533 489,880 S 340,980 Liabilities and Equity Accounts payable Long-term notes payable secured by $118,159 $ 67,868 44,999 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 98,184 162,580 183,770 474 , 533 74,586 162,5e0162,5ee 58,815 489 ,880 348,980 93,148 86,37238 1. Compute the...
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