Question

Category	Prior year	Current year
Accounts payable	41,400	45,000
Accounts receivable	115,200	122,400
Accruals	16,200	13,500
Additional paid in capital	200,000	216,660
Cash	???	???
Common Stock @ par value	37,600	42,000
COGS	131,400	172,391.00
Depreciation expense	21,600	23,813.00
Interest expense	16,200	16,246.00
Inventories	111,600	115,200
Long-term debt	135,000	139,538.00
Net fixed assets	376,626.00	399,600
Notes payable	59,400	64,800
Operating expenses (excl. depr.)	50,400	68,509.00
Retained earnings	122,400	136,800
Sales	255,600	335,355.00
Taxes	9,900	19,189.00

What is the current year's cash balance?

What is the current year's return on assets (ROA)?

What is the current year's return on equity (ROE)?

Category	Prior year	Current year
Accounts payable	41,400	45,000
Accounts receivable	115,200	122,400
Accruals	16,200	13,500
Additional paid in capital	200,000	216,660
Cash	???	???
Common Stock @ par value	37,600	42,000
COGS	131,400	173,384.00
Depreciation expense	21,600	23,075.00
Interest expense	16,200	16,492.00
Inventories	111,600	115,200
Long-term debt	135,000	138,579.00
Net fixed assets	375,135.00	399,600
Notes payable	59,400	64,800
Operating expenses (excl. depr.)	50,400	62,679.00
Retained earnings	122,400	136,800
Sales	255,600	335,620.00
Taxes	9,900	19,231.00

What is the current year's entry for long-term debt on a common-sized balance sheet?

Answer 1

Prior Year Current year % as per common size 122400 Assets Accounts receivable Cash Inventories Net fixed assets Total 115200 8574 111600 376626 612000 21098 115200 399600 658298 19% 3% 17% 61% 100% Liabilities Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock @ par value COGS Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior year 41,400 115,200 16,200 200,000 ??? 37,600 131,400 21,600 16,200 111,600 135,000 376,626.00 59,400 50,400 122,400 255,600 9,900 Current year 45,000 122,400 13,500 216,660 ??? 42,000 172,391.00 23,813.00 16,246.00 115,200 139,538.00 399.600 64,800 68,509.00 136,800 335,355.00 19,189.00 Accounts payable Notes payable Long-term debt Accruals Additional paid in capital Common Stock @ par value Retained earnings Total Prior Year Current year 41400 45000 59400 64800 135000 139538 16200 13500 200000 216660 37600 42000 122400 136800 612000 658298 7% 10% 21% 2% 33% 6% 21% Sales Assets Equity Profit 612000 360000 26100 658298 395460 35207 COGS Operating expenses (excl. depr.) Depreciation expense Interest expense Taxes Profit 255600 131400 50400 21600 16200 9900 26100 335355 172391 68509 23813 16246 19189 35207 ROA ROE 4.26% 7.25% 5.35% 8.90% LT debt on common size BS 21%