Homework Answers
| e) | |||||
| Average Stockholders Equity = (beginning Stockholders Equity + ending Stockholders Equity)/2 | |||||
| 2017 | 2016 | ||||
| = ( $1140+1130)/2 | = ( $940+1140)/2 | ||||
| = $ 1135 | = $ 1040 | ||||
| Return On Stockholders Equity = Net Income / Average Stockholders Equity | |||||
| 2017 | 2016 | ||||
| = $308/1135 | = $168/1040 | ||||
| =27.1 % | =16.2 % | ||||
| f) | Debt To Asset Ratio = Total Debt / Total Assets | ||||
| 2017 | 2016 | ||||
| = $1530/2660 | = $1390/2530 | ||||
| =57.5% | =54.9% | ||||
| g) | Times Interest Earned Ratio = EBIT/ Interest expenses | ||||
| 2017 | 2016 | ||||
| = $465/25 | = $260/20 | ||||
| =18.6 times | =13 times | ||||
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The condensed financial statements of Crane Company for the years 2016 and 2017 are presented as...
The condensed financial statements of Crane Company for the years 2016 and 2017 are presented as...
The condensed financial statements of Crane Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) CRANE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 570 500 Inventory 580 510 Prepaid expenses 120 160 Total current assets 1,600 1,530 Investments 110 110 Property, plant, and equipment (net) 380 420 530 510 Intangibles and other assets $2,660 $2,530 Total assets $890 $1,000 Current liabilities 500 530 Long-term...
The condensed financial statements of Ivanhoe Company for the years 2016 and 2017 are presented as...
The condensed financial statements of Ivanhoe Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) IVANHOE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 550 Inventory 530 460 Prepaid expenses 160 120 1,530 Total current assets 1,460 Investments Property, plant, and equipment (net) Intangibles and other assets Total assets 420 380 530 510 $2,570 $2,440 $980 $870 480 450 1,110 1,120 Current liabilities Long-term liabilities...
The condensed financial statements of Ivanhoe Company for the years 2016 and 2017 are presented below....
The condensed financial statements of Ivanhoe Company for the years 2016 and 2017 are presented below. IVANHOE COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 630 560 Inventory 600 530 Prepaid expenses 130 160 Total current assets 1,690 1,610 Property, plant, and equipment (net) 410 380 Investments 170 170 Intangibles and other assets 530 510 Total assets $2,800 $2,670 Current liabilities $980 $950 Long-term liabilities 620 520 Stockholders’...
urrent Attempt in Progress The condensed financial statements of Crane Company for the years 2016 and...
urrent Attempt in Progress The condensed financial statements of Crane Company for the years 2016 and 2017 are presented below. CRANE COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 530 460 Inventory 640 570 Prepaid expenses 130 160 Total current assets 1,630 1,550 Property, plant, and equipment (net) 410 380 Investments 70 70 Intangibles and other assets 530 510 Total assets $2,640 $2,510 Current liabilities $880 $850 Long-term...
"Exercise 9-13 The condensed financial statements of Ness Company for the years 2016 and 2017 are...
"Exercise 9-13 The condensed financial statements of Ness Company for the years 2016 and 2017 are presented below. NESS COMPANY Balance Sheets December 31 (in thousands) 017 2016 $330 . Current assets hand cashewivalents Accounts receivable (net) Inventory 10 Total current assets Property, plant, and equipment (net) 1.390 410 1,300 30 Intang bles and others asets 530 510 12.340 32,210 $820 5790 Long term Stockholders equity common Total abilities and 1.040 1,040 requity 12.10 $2,210 Income Statements For the Year...
Exercise 13-13 The condensed financial statements of Cullumber Company for the years 2016 and 2017 are...
Exercise 13-13 The condensed financial statements of Cullumber Company for the years 2016 and 2017 are presented below. CULLUMBER COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses $330 $360 650 580 620 550 130 160 1,730 1,650 410 380 190 190 530510 $2,860 $2,730 $1,000 $970 540 1,220 1,220 Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long-term...
The condensed financial statements of Blossom Company for the years 2019 and 2020 are presented as...
The condensed financial statements of Blossom Company for the years 2019 and 2020 are presented as follows. (Amounts in thousands.) BLOSSOM COMPANY Balance Sheets December 31 2020 2019 $330 $360 670 600 500 430 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets 120 160 1,620 210 420 530 1,550 210 380 510 Total assets $2,780 $2,650 $990 Current liabilities Long-term liabilities Stockholders' equity-common $1,100...
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable...
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) $330 660 600 $360 590 530 Inventory Prepaid expenses 120 160 Total current assets 1,710 1,640 Investments 200 200 Property, plant, and equipment (net) Intangibles and other assets Total assets 420 380 530 510 $2,860 $2,730 $1,090 $980 550 520 Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 1,220 1,230 $2,860 $2,730 ORIOLE COMPANY Income Statements For the Year Ended...
Do It! Review 9-3 |x Your answer is incorrect. Try again. The condensed financial statements of...
Do It! Review 9-3 |x Your answer is incorrect. Try again. The condensed financial statements of Blossom Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) BLOSSOM COMPANY Balance Sheets December 31 2017 2016 $360 570 450 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment (net) Intangibles and other assets 160 $330 640 520 120 1,610 180 420 530 1,540 180 380 510...
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows....
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands MURAWSKI COMPANY Balance Sheets December 31 2020 2019 $ 352 $ 354 360 1.268 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $2.203 $ 804 $ 912 360 1.070 1.041 $2.205 $2364...
The condensed financial statements of Crane Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) CRANE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 570 500 Inventory 580 510 Prepaid expenses 120 160 Total current assets 1,600 1,530 Investments 110 110 Property, plant, and equipment (net) 380 420 530 510 Intangibles and other assets $2,660 $2,530 Total assets $890 $1,000 Current liabilities 500 530 Long-term...
The condensed financial statements of Ivanhoe Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) IVANHOE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents $330 $360 Accounts receivable (net) 550 Inventory 530 460 Prepaid expenses 160 120 1,530 Total current assets 1,460 Investments Property, plant, and equipment (net) Intangibles and other assets Total assets 420 380 530 510 $2,570 $2,440 $980 $870 480 450 1,110 1,120 Current liabilities Long-term liabilities...
"Exercise 9-13 The condensed financial statements of Ness Company for the years 2016 and 2017 are presented below. NESS COMPANY Balance Sheets December 31 (in thousands) 017 2016 $330 . Current assets hand cashewivalents Accounts receivable (net) Inventory 10 Total current assets Property, plant, and equipment (net) 1.390 410 1,300 30 Intang bles and others asets 530 510 12.340 32,210 $820 5790 Long term Stockholders equity common Total abilities and 1.040 1,040 requity 12.10 $2,210 Income Statements For the Year...
Exercise 13-13 The condensed financial statements of Cullumber Company for the years 2016 and 2017 are presented below. CULLUMBER COMPANY Balance Sheets December 31 (in thousands) 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses $330 $360 650 580 620 550 130 160 1,730 1,650 410 380 190 190 530510 $2,860 $2,730 $1,000 $970 540 1,220 1,220 Total current assets Property, plant, and equipment (net) Investments Intangibles and other assets Total assets Current liabilities Long-term...
The condensed financial statements of Blossom Company for the years 2019 and 2020 are presented as follows. (Amounts in thousands.) BLOSSOM COMPANY Balance Sheets December 31 2020 2019 $330 $360 670 600 500 430 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets 120 160 1,620 210 420 530 1,550 210 380 510 Total assets $2,780 $2,650 $990 Current liabilities Long-term liabilities Stockholders' equity-common $1,100...
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) $330 660 600 $360 590 530 Inventory Prepaid expenses 120 160 Total current assets 1,710 1,640 Investments 200 200 Property, plant, and equipment (net) Intangibles and other assets Total assets 420 380 530 510 $2,860 $2,730 $1,090 $980 550 520 Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 1,220 1,230 $2,860 $2,730 ORIOLE COMPANY Income Statements For the Year Ended...
Do It! Review 9-3 |x Your answer is incorrect. Try again. The condensed financial statements of Blossom Company for the years 2016 and 2017 are presented as follows. (Amounts in thousands.) BLOSSOM COMPANY Balance Sheets December 31 2017 2016 $360 570 450 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment (net) Intangibles and other assets 160 $330 640 520 120 1,610 180 420 530 1,540 180 380 510...
The condensed financial statements of Murawski Company for the years 2019 and 2020 are presented follows. (Amounts in thousands MURAWSKI COMPANY Balance Sheets December 31 2020 2019 $ 352 $ 354 360 1.268 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity $2.203 $ 804 $ 912 360 1.070 1.041 $2.205 $2364...
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