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Balance Sheets 2019 2018 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets 2019 2018 Assets Cash and equivalents $70 $55 Accounts receivable 275 300 Inventories 375 250 Total current assets $720 $605 Net plant and equipment 2,300 1,490 Total assets $3,020 $2,095 Liabilities and Equity Accounts payable $150 $85 Accruals 75 50 Notes payable 120 45 Total current liabilities $345 $180 Long-term debt 450 290 Common stock 1,225 1,225 Retained earnings 1,000 400 Total liabilities...
Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance Sheets: 2020 2019 Cash and equivalents $90 $75 Accounts receivable 275 300 Inventories 375 250 Total current assets $740 $625 Net plant and equipment 2,300 1,490 Total assets $3,040 $2,115 Accounts payable $150 $85 Accruals 75 50 Notes payable 140 65 Total current liabilities $365 $200 Long-term debt 450 290 Common stock 1,225 1,225 Retained earnings 1,000 400 Total common equity $2,225 $1,625 Total...
Balance Sheets: 2013 2012 Cash and equivalents Accounts receivable Inventories $110 275 375 $760 2,000 $2,760...
Balance Sheets: 2013 2012 Cash and equivalents Accounts receivable Inventories $110 275 375 $760 2,000 $2,760 $95 300 350 $745 1,490 $2,235 Total current assets Net plant and equipment Total assets $%150 75 160 $385 450 1,225 700 $2,760 Accounts payable Accruals Notes payable $85 50 185 $320 290 1,225 400 $2,235 Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: 2013 2012 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest...
Balance Sheets 10 . . 2018 2019 $100 275 375 $750 2,300 $3,050 $85 300 250...
Balance Sheets 10 . . 2018 2019 $100 275 375 $750 2,300 $3,050 $85 300 250 $635 1,490 $2,125 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Common equity Total liabilities and equity $150 50 75 150 $375 450 825 1,225 1,000 2,225 $3,050 $210 290 500 1,225 400 1,625 $2,125 Income Statements...
2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets 999 991 Net plant...
2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets 999 991 Net plant and equipment Total assets Liabilities and Equity 8 Accounts payable $ 11,000 8 Accruals 7,600 Notes payable 6,000 Total current liabilities Long-term bonds Total liabilities 99% 318 88 44,500 40,000 49,955 Common stock (4,000 shares) Retained earnings 40,000 49,955 35,100 Common equity $ 89,955 $75.100 Total liabilities and equity $134,555 $115,000 Income Statement for Year Ending December 31, 2018 Sales $225,000 Operating costs excluding...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets: 2019 $ 90 275 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 375 $ 740 2,000 $2,740 2018 $ 75 300 350 $ 725 1,490 $2,215 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: $ 150 75 140 $ 365 450 1,225 700 $2,740...
Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance Sheets: 2020 2019 $100 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $85 300 250 275 375 $750 2,300 $3,050 $635 1,490 $2,125 $150 $85 75 50 75 $210 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 150...
$105 Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below....
$105 Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. Balance Sheets: 2018 2017 Cash and equivalents $120 Accounts receivable 275 300 Inventories 375 350 Total current assets $770 $755 Net plant and equipment 2,000 1,490 Total assets $2,770 $2,245 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $150 75 170 $395 450 1,225 700 $2,770 $85 50 195 $330 290 1,225 400 $2,245...
2018 2019 Assets Current assets Cash Accounts receivable Inventory 2018 2019 Liabilities and Owners' Equity Current...
2018 2019 Assets Current assets Cash Accounts receivable Inventory 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $500 $ 700 Notes payable 900 700 $ 500 $1,000 500 400 900 600 Total $ 1.900 $2,000 Total $ 1,400 $ 1,400 $ 400 $ 600 Long-term debt Owners' equity Common stock Accumulated retained earnings $ 600 $ 621 Fixed assets $ 500 $ 579 Net plant and equipment $1,000 $ 1,200 Total $ 1,100 $ 1200 Total assets $2,900...
Comparative Balance Sheets December 31, 2018 and 2019 Assets 2019 2018 Cash 78,000 63,500 Accounts receivable...
Comparative Balance Sheets December 31, 2018 and 2019 Assets 2019 2018 Cash 78,000 63,500 Accounts receivable (net) 90,800 89,500 Merchandise inventory 63,900 71,600 Property, plant, and equipment (net) 718,500 813,800 Total assets $951,200 $1,038,400 Liabilities and Stockholders' Equity Accounts payable 153,200 155,600 Bonds payable 135,000 195,000 Common stock, $10 par value 320,000 290,000 Retained earnings 343,000 397,800 Total liabilities and stockholders' equity $951,200 $1,038,400 Use the above comparison Balance Sheet to Calculate the following for both 2019 and 2018. Make...
Balance Sheets: 2013 2012 Cash and equivalents Accounts receivable Inventories $110 275 375 $760 2,000 $2,760 $95 300 350 $745 1,490 $2,235 Total current assets Net plant and equipment Total assets $%150 75 160 $385 450 1,225 700 $2,760 Accounts payable Accruals Notes payable $85 50 185 $320 290 1,225 400 $2,235 Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: 2013 2012 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest...
Balance Sheets 10 . . 2018 2019 $100 275 375 $750 2,300 $3,050 $85 300 250 $635 1,490 $2,125 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Common equity Total liabilities and equity $150 50 75 150 $375 450 825 1,225 1,000 2,225 $3,050 $210 290 500 1,225 400 1,625 $2,125 Income Statements...
2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets 999 991 Net plant and equipment Total assets Liabilities and Equity 8 Accounts payable $ 11,000 8 Accruals 7,600 Notes payable 6,000 Total current liabilities Long-term bonds Total liabilities 99% 318 88 44,500 40,000 49,955 Common stock (4,000 shares) Retained earnings 40,000 49,955 35,100 Common equity $ 89,955 $75.100 Total liabilities and equity $134,555 $115,000 Income Statement for Year Ending December 31, 2018 Sales $225,000 Operating costs excluding...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets: 2019 $ 90 275 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 375 $ 740 2,000 $2,740 2018 $ 75 300 350 $ 725 1,490 $2,215 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Income Statements: $ 150 75 140 $ 365 450 1,225 700 $2,740...
Quantitative Problem: Rosnan Industries' 2020 and 2019 balance sheets and income statements are shown below. Balance Sheets: 2020 2019 $100 Assets Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets $85 300 250 275 375 $750 2,300 $3,050 $635 1,490 $2,125 $150 $85 75 50 75 $210 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 150...
$105 Quantitative Problem: Rosnan Industries' 2018 and 2017 balance sheets and income statements are shown below. Balance Sheets: 2018 2017 Cash and equivalents $120 Accounts receivable 275 300 Inventories 375 350 Total current assets $770 $755 Net plant and equipment 2,000 1,490 Total assets $2,770 $2,245 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity $150 75 170 $395 450 1,225 700 $2,770 $85 50 195 $330 290 1,225 400 $2,245...
2018 2019 Assets Current assets Cash Accounts receivable Inventory 2018 2019 Liabilities and Owners' Equity Current liabilities Accounts payable $500 $ 700 Notes payable 900 700 $ 500 $1,000 500 400 900 600 Total $ 1.900 $2,000 Total $ 1,400 $ 1,400 $ 400 $ 600 Long-term debt Owners' equity Common stock Accumulated retained earnings $ 600 $ 621 Fixed assets $ 500 $ 579 Net plant and equipment $1,000 $ 1,200 Total $ 1,100 $ 1200 Total assets $2,900...
Comparative Balance Sheets December 31, 2018 and 2019 Assets 2019 2018 Cash 78,000 63,500 Accounts receivable (net) 90,800 89,500 Merchandise inventory 63,900 71,600 Property, plant, and equipment (net) 718,500 813,800 Total assets $951,200 $1,038,400 Liabilities and Stockholders' Equity Accounts payable 153,200 155,600 Bonds payable 135,000 195,000 Common stock, $10 par value 320,000 290,000 Retained earnings 343,000 397,800 Total liabilities and stockholders' equity $951,200 $1,038,400 Use the above comparison Balance Sheet to Calculate the following for both 2019 and 2018. Make...
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