Homework Answers
![2020 2019 % Change Liquidity Current Ratio Accounts Receivable Turnover Inventory Turnover Profitability Profit Margin Asset Turnover Return on Assets Earning Per Share Working 1 Working 2 Working 3 [(1.79-1.91/1.91] (3.19-4.06)/4.0 (6.76-7.50/7.50] [(7.67-8.98)/898] 1.79 1 9.11 times 3.19 times 1.91 :1 8.99 times [9.11-8.99)/8.99] 4.06 times -6.50% 1.36% 21.43% Working 4 Working 5 Working 6 Working 7 6.76% 7.50% -9.83% 5.32% -14.63% 1.67% 1.20 times [1.13-1.20)/1.20] 1.13 times 7.67% $2.99 8.98% $2.94 [($2.99-$2.94)/$2.94] Working 1 Current Ratio Current Assets /Current Liabilities Particulars Current Assets 2020 2019 Cash Debt Investments (Short Term) Accounts Receivabie Inventory Prepaid Expense 569,000 $55,000 $109,000 $239,000 $23,000 $495,000 $65,000 540,000 $89,000 $168,000 $26,000 $388,000 Total Current Assets Current Liabilities $169,000 566,000 $42,000 $277,000 5109,000 $52,000 $42,000 $203,000 Notes Payable Accounts Payable Total Current Liabilities Current Ratio (A) /(B) Accrued Liabilities 1.79 1.91 [$495000/$277000] IS388000/$203000]](http://img.homeworklib.com/questions/82b82e90-71b1-11ea-b3b7-77c62e138593.png?x-oss-process=image/resize,w_560)
![2 Accounts Receivable Turnover Sales/Average Accounts Receivable Particulars Accounts Receivable 2020 2019 589,000 $109,000 $198,000 $99,000 $89,000 $89,000 $178,000 Opening Add: Closin Total Accounts Receivable Average Accounts Receivable $89,000 [$198000/2] [$178000/2] Sales Accounts Recevable Turnover $800,000 8.99 [S902000/99000] [S800000/S89000] $902,000 9.11 3 Inventory Turnover Cost of Good Sold/Average Invento Particulars Average Inventory 2020 2019 Opening Add Closin Total $168,000 $239,000 $407,000 $203,500 $115,000 $168,000 $283,000 $141,500 Average I [$407000/2] [S283000/2] $575,000 4.06 [S650000/S203500] [S575000/S2141500] $650,000 3.19 Cost of Good Sold Inventory Turnover](http://img.homeworklib.com/questions/83457320-71b1-11ea-afed-cff5a1d5f3e3.png?x-oss-process=image/resize,w_560)
![4 Profit margin is a measure of profitability of the Company Profit margin Net Income Sales Particulars Net Income Sales Profit Margin 2020 2019 $61,000 $902,000 6.75% 560,000 $800,000 7.50% 561000/590 $60000 5 Assets Turnover Sales Average Total Assets Particulars Opening Total Assets Add: Closing Total Assets Total Average Total Assets 2020 2019 $703,000 $888,000 $1,591,000 $795,500 $633,000 $703,000 $1,336,000 $668,000 [S1591000/2] [S1336000/2] Sales Assets Turnover $902,000 1.13 $800,000 1.20 902000/$7955 $800000 6 Return on Assets = Net Income / Average Total Assets Particulars Net Income Average Total Assets Return on Assets 2020 $61,000 $795,500 7.67% 2019 560,000 $668,000 8.98% IS61000/$795500][S60000/5668000]](http://img.homeworklib.com/questions/83ca7060-71b1-11ea-a3ec-afde5ce3e1f2.png?x-oss-process=image/resize,w_560)
![7 Earning Per Share Net Income available to common Shareholder/ Number of Share outstanding Particulars Net Income Share outstanding 2020 $61,000 20,400 2019 $60,000 20,400 [S204000/10] [S204000/10] Earning Per Share $2.99 $2.94 [S61000/20400] [S60000/$20400]](http://img.homeworklib.com/questions/844d5a50-71b1-11ea-b630-d7ebaa393d14.png?x-oss-process=image/resize,w_560)
Add Answer to:
Problem 13-04A al,b (Video) The following financial information is for Oriole Company. Oriole Company Balance Sheets...
Problem 13-04A a1,b (Video) The following financial information is for Oriole Company. Oriole Company Balance Sheets...
Problem 13-04A a1,b (Video) The following financial information is for Oriole Company. Oriole Company Balance Sheets December 31 2019 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2023 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity 2020 $ 69,000$65,000 40,000 89,000 239,000 168,000 26,000 129,000 129,000 264,000 186,000 $888,000 $703,000 55,000 109,000 23,000 $169,000 $109,000...
Problem 13-04A a1,b (Video) The following financial information is for Oriole Company. Oriole Company Balance Sheets...
Problem 13-04A a1,b (Video) The following financial information is for Oriole Company. Oriole Company Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land 2020 $ 70,000 51,000 107,000 234,000 26,000 135,000 261,000 $884,000 2019 $ 69,000 40,000 92,000 167,000 23,000 135,000 184,000 $710,000 Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2023 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity...
*Problem 13-04A a1,b (Video) The following financial information is for Cullumber Company. Cullumber Company Balance Sheets...
*Problem 13-04A a1,b (Video) The following financial information is for Cullumber Company. Cullumber Company Balance Sheets December 31 Assets 2020 Cash $ 70,000 Debt investments (short-term) 53,000 Accounts receivable 108,000 Inventory 229,000 Prepaid expenses 30,000 Land 130,000 Building and equipment (net) 264,000 Total assets $884,000 Liabilities and Stockholders' Equity Notes payable $172,000 Accounts payable 65,000 Accrued liabilities 41,000 Bonds payable, due 2023 250,000 Common stock, $10 par 202,000 Retained earnings 154,000 2019 $ 64,000 39,000 90,000 162,000 25,000 130,000 185,000...
ORIOLE COMPANY Balance Sheets December 31 Assets 2022 2021 $ 69,000 $ 65,000 Cash Debt investments...
ORIOLE COMPANY Balance Sheets December 31 Assets 2022 2021 $ 69,000 $ 65,000 Cash Debt investments (short-term) 55,000 40,000 Accounts receivable 109,000 89,000 168,000 Inventory 239,000 23,000 26,000 Prepaid expenses Land 129,000 129,000 Building and equipment (net) 264,000 186,000 $888,000 $703,000 Total assets Liabilities and Stockholders' Equity $169,000 $109,000 Notes payable Accounts payable 66,000 52,000 42,000 42,000 Accrued liabilities Bonds payable, due 2025 251,000 170,000 Common stock, $10 par 204,000 204,000 156,000 Retained earnings 126,000 $888,000 $703,000 Total liabilities and...
The following financial information is for Sunland Company. Sunland Company Balance Sheets December 31 2020 2019...
The following financial information is for Sunland Company. Sunland Company Balance Sheets December 31 2020 2019 ssets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2023 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity $ 70,000 65,000 40,000 90,000 237,000 168,000 27,000 134,000 134,000 263,000 186,000 $891,000 $710,000 51,000 109,000 27,000 $169,000 $104,000 53,000 39,000 250,000...
The following financial information is for Oriole Company. ORIOLE COMPANY Balance Sheets December 31 Assets 2017...
The following financial information is for Oriole Company.
ORIOLE COMPANY
Balance Sheets
December 31
Assets
2017
2016
Cash
$ 70,000
$ 69,000
Debt investments (short-term)
51,000
40,000
Accounts receivable
107,000
92,000
Inventory
234,000
167,000
Prepaid expenses
26,000
23,000
Land
135,000
135,000
Building and equipment (net)
261,000
184,000
Total assets
$884,000
$710,000
Liabilities and Stockholders’ Equity
Notes payable
$172,000
$106,000
Accounts payable
66,000
52,000
Accrued liabilities
42,000
42,000
Bonds payable, due 2020
251,000
170,000
Common stock, $10 par
204,000
204,000
Retained...
The following financial information is for Cullumber Company. Problem 13-04A The following financial information is for...
The following financial information is for Cullumber
Company.
Problem 13-04A The following financial information is for Cullumber Company. CULLUMBER COMPANY Balance Sheets December 31 Assets 2022 Cash $ 72,000 Debt investments (short-term) 51,000 Accounts receivable 109,000 Inventory 237,000 Prepaid expenses 28,000 Land 131,000 Building and equipment (net) 259,000 Total assets $887,000 Liabilities and Stockholders' Equity Notes payable $169,000 Accounts payable 69,000 Accrued liabilities 41,000 Bonds payable, due 2025 252,000 Common stock, $10 par 209,000 Retained earnings 147,000 Total liabilities and...
Problem 13-04A The following financial information is for Blossom Company. BLOSSOM COMPANY Balance Sheets December 31...
Problem 13-04A The following financial information is for Blossom Company. BLOSSOM COMPANY Balance Sheets December 31 Assets 2022 Cash $ 72,000 Debt investments (short-term) 54,000 Accounts receivable 109,000 Inventory 235,000 Prepaid expenses 26,000 Land 134,000 Building and equipment (net) 259,000 Total assets $889,000 Liabilities and Stockholders' Equity Notes payable $170,000 Accounts payable 66,000 Accrued liabilities 41,000 Bonds payable, due 2025 249,000 Common stock, $10 par 198,000 Retained earnings 165,000 Total liabilities and stockholders' equity $889,000 2021 $ 67,000 39,000 92,000...
The following financial information is for Cullumber Company Cullumber Company Balance Sheets December 31 2020 2019...
The following financial information is for Cullumber Company Cullumber Company Balance Sheets December 31 2020 2019 ASsels $ 70,000 $ 64,000 Cash Debt investments (short-term) 39,000 53,000 90,000 Accounts receivable 108,000 162,000 229,000 Inventory Prepaid expenses 25,000 30,000 130,000 Land 130,000 185,000 264,000 Building and equipment (net) $884,000 $695,000 Total assets Liabilities and Stockholders' Equity $172,000 $102,000 Notes payable 65,000 51,000 Accounts payable 41,000 41,000 Accrued liabilities 250,000 172,000 Bonds payable, due 2023 202,000 Common stock, $10 par 202,000 127,000...
Question 4 The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31...
Question 4 The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 135,800 Debt investments (short-term) 106,700 Accounts receivable 201,760 Inventory 446,200 Prepaid expenses 48,500 Land 252,200 Building and equipment (net) 504,400 Total assets $1,695,560 Liabilities and Stockholders' Equity Notes payable (short-term) $329,800 Accounts payable 126,100 Accrued liabilities 77,600 Bonds payable, due 2023 485,000 Common stock, $10 par 388,000 Retained earnings 289,060 Total liabilities and stockholders' equity $1,695,560 2019 $ 126,100 77,600...
Problem 13-04A a1,b (Video) The following financial information is for Oriole Company. Oriole Company Balance Sheets December 31 2019 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2023 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity 2020 $ 69,000$65,000 40,000 89,000 239,000 168,000 26,000 129,000 129,000 264,000 186,000 $888,000 $703,000 55,000 109,000 23,000 $169,000 $109,000...
Problem 13-04A a1,b (Video) The following financial information is for Oriole Company. Oriole Company Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land 2020 $ 70,000 51,000 107,000 234,000 26,000 135,000 261,000 $884,000 2019 $ 69,000 40,000 92,000 167,000 23,000 135,000 184,000 $710,000 Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2023 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity...
*Problem 13-04A a1,b (Video) The following financial information is for Cullumber Company. Cullumber Company Balance Sheets December 31 Assets 2020 Cash $ 70,000 Debt investments (short-term) 53,000 Accounts receivable 108,000 Inventory 229,000 Prepaid expenses 30,000 Land 130,000 Building and equipment (net) 264,000 Total assets $884,000 Liabilities and Stockholders' Equity Notes payable $172,000 Accounts payable 65,000 Accrued liabilities 41,000 Bonds payable, due 2023 250,000 Common stock, $10 par 202,000 Retained earnings 154,000 2019 $ 64,000 39,000 90,000 162,000 25,000 130,000 185,000...
ORIOLE COMPANY Balance Sheets December 31 Assets 2022 2021 $ 69,000 $ 65,000 Cash Debt investments (short-term) 55,000 40,000 Accounts receivable 109,000 89,000 168,000 Inventory 239,000 23,000 26,000 Prepaid expenses Land 129,000 129,000 Building and equipment (net) 264,000 186,000 $888,000 $703,000 Total assets Liabilities and Stockholders' Equity $169,000 $109,000 Notes payable Accounts payable 66,000 52,000 42,000 42,000 Accrued liabilities Bonds payable, due 2025 251,000 170,000 Common stock, $10 par 204,000 204,000 156,000 Retained earnings 126,000 $888,000 $703,000 Total liabilities and...
The following financial information is for Sunland Company. Sunland Company Balance Sheets December 31 2020 2019 ssets Cash Debt investments (short-term) Accounts receivable Inventory Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable Accounts payable Accrued liabilities Bonds payable, due 2023 Common stock, $10 par Retained earnings Total liabilities and stockholders' equity $ 70,000 65,000 40,000 90,000 237,000 168,000 27,000 134,000 134,000 263,000 186,000 $891,000 $710,000 51,000 109,000 27,000 $169,000 $104,000 53,000 39,000 250,000...
The following financial information is for Oriole Company.
ORIOLE COMPANY
Balance Sheets
December 31
Assets
2017
2016
Cash
$ 70,000
$ 69,000
Debt investments (short-term)
51,000
40,000
Accounts receivable
107,000
92,000
Inventory
234,000
167,000
Prepaid expenses
26,000
23,000
Land
135,000
135,000
Building and equipment (net)
261,000
184,000
Total assets
$884,000
$710,000
Liabilities and Stockholders’ Equity
Notes payable
$172,000
$106,000
Accounts payable
66,000
52,000
Accrued liabilities
42,000
42,000
Bonds payable, due 2020
251,000
170,000
Common stock, $10 par
204,000
204,000
Retained...
The following financial information is for Cullumber
Company.
Problem 13-04A The following financial information is for Cullumber Company. CULLUMBER COMPANY Balance Sheets December 31 Assets 2022 Cash $ 72,000 Debt investments (short-term) 51,000 Accounts receivable 109,000 Inventory 237,000 Prepaid expenses 28,000 Land 131,000 Building and equipment (net) 259,000 Total assets $887,000 Liabilities and Stockholders' Equity Notes payable $169,000 Accounts payable 69,000 Accrued liabilities 41,000 Bonds payable, due 2025 252,000 Common stock, $10 par 209,000 Retained earnings 147,000 Total liabilities and...
Problem 13-04A The following financial information is for Blossom Company. BLOSSOM COMPANY Balance Sheets December 31 Assets 2022 Cash $ 72,000 Debt investments (short-term) 54,000 Accounts receivable 109,000 Inventory 235,000 Prepaid expenses 26,000 Land 134,000 Building and equipment (net) 259,000 Total assets $889,000 Liabilities and Stockholders' Equity Notes payable $170,000 Accounts payable 66,000 Accrued liabilities 41,000 Bonds payable, due 2025 249,000 Common stock, $10 par 198,000 Retained earnings 165,000 Total liabilities and stockholders' equity $889,000 2021 $ 67,000 39,000 92,000...
The following financial information is for Cullumber Company Cullumber Company Balance Sheets December 31 2020 2019 ASsels $ 70,000 $ 64,000 Cash Debt investments (short-term) 39,000 53,000 90,000 Accounts receivable 108,000 162,000 229,000 Inventory Prepaid expenses 25,000 30,000 130,000 Land 130,000 185,000 264,000 Building and equipment (net) $884,000 $695,000 Total assets Liabilities and Stockholders' Equity $172,000 $102,000 Notes payable 65,000 51,000 Accounts payable 41,000 41,000 Accrued liabilities 250,000 172,000 Bonds payable, due 2023 202,000 Common stock, $10 par 202,000 127,000...
Question 4 The following financial information is for Priscoll Company. Priscoll Company Balance Sheets December 31 Assets 2020 Cash $ 135,800 Debt investments (short-term) 106,700 Accounts receivable 201,760 Inventory 446,200 Prepaid expenses 48,500 Land 252,200 Building and equipment (net) 504,400 Total assets $1,695,560 Liabilities and Stockholders' Equity Notes payable (short-term) $329,800 Accounts payable 126,100 Accrued liabilities 77,600 Bonds payable, due 2023 485,000 Common stock, $10 par 388,000 Retained earnings 289,060 Total liabilities and stockholders' equity $1,695,560 2019 $ 126,100 77,600...
Most questions answered within 3 hours.
-
Refer to the following lease amortization schedule. The 10
payments are made annually starting with the...
asked 2 minutes ago -
Explain how God fits into Aquinas' theory of happiness.
asked 9 minutes ago -
1.1 With aid of diagrams and suitable examples discuss
the economic effects of price controls.
1.2...
asked 14 minutes ago -
When the nuclide polonium-214 undergoes alpha
decay:
The name of the product nuclide is .
The...
asked 28 minutes ago -
Q. The market demand function is D(Pd) = 160 - 2Pd and the
market supply function...
asked 33 minutes ago -
An unknown alcohol is analyzed by freezing point depression. The
unknown is either methanol (CH3OH), ethanol...
asked 34 minutes ago -
As a person inhales, air moves down the windpipe (bronchus),
through a constriction where the air...
asked 36 minutes ago -
Youngchang Keyboard sells a $1400 keyboard on a monthly payment
plan over 2 years.
a) If...
asked 43 minutes ago -
For a one step reaction, the activation energy for the
forward reaction is 40.0 kJ mol-1,...
asked 46 minutes ago -
1. A good thesis statement _____ .
is limited but not too narrow
is very broad...
asked 41 minutes ago -
What is the main use of a transistor and what is an Integrated
Circuit?
asked 48 minutes ago -
Intro to Java Programming
Write a method named isDivisible that takes two integers, n
and m,...
asked 47 minutes ago