Homework Answers
a) Working capital = Current assets-Current liabilities = 2555350-3196000 = -640650
c) Acid test ratio = Quick assets/Current liabilities = (390000+1038000)/3196000 = 0.447
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Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $390,000 $417,500 Accounts receivable, net 1,038,000 776,450 Inventory 746,000 681,100 Other current assets 381,350 247,050 Total current assets 2,555,350 2,122,100 Property, plant, & equipment, net 8,702,200 8,439,880 $11,257,550 $10,561,980 Total assets Liabilities and Stockholders' Equity Current liabilities $2,846,100 $3,196,000 3,702,700 Long-term debt 3,892,600...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $390,000 $417,500 Accounts receivable, net 1,038,000 776,450 Inventory 746,000 681,100 Other current assets 381,350 247,050 Total current assets 2,555,350 2,122,100 Property, plant, & equipment, net 8,702,200 8,439,880 $11,257,550 $10,561,980 Total assets Liabilities and Stockholders' Equity Current liabilities $2,846,100 $3,196,000 3,702,700 Long-term debt 3,892,600...
C Pausec Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet...
C Pausec Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Crane Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $380,000 $417,500 Accounts receivable, net 1,067,600 776,400 Inventory 681,100 717,000 Other current assets 368,000 247,000 Total current assets 2,532,600 2,122,000 Property, plant, & equipment, net 9,275,840 8,409,365 $11,808,440 $10,531,365 Total assets Liabilities and Stockholders'Equity $3,188,000 $2,846,100 Current liabilities 3,892,600 3,702,700 Long-term...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $402,000 $417,500 776,400 Accounts receivable, net 1,065,000 Inventory 758,000 681,000 Other current assets 362,000 247,000 Total current assets 2,587,000 2,121,900 8,671,1408,439,915 Property, plant, & equipment, net Total assets $11,258,140 $10,561,815 Liabilities and Stockholders' Equity Current liabilities $3,165,000 $2,846,000 Long-term debt 3,700,000 6,865,000 3,892,600...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $402,000 $417,500 Accounts receivable, net 1,065,000 776,400 Inventory 758,000 681,000 Other current assets 362,000 247,000 Total current assets 2,587,000 2,121,900 Property, plant, & equipment, net 8,671,140 8,439,915 Total assets $11,258,140 $10,561,815 Liabilities and Stockholders' Equity Current liabilities $3,165,000 $2,846,000 Long-term debt 3,700,000 6,865,000...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $348,000 1,066,200 Accounts receivable, net $417,400 776,500 Inventory 748,000 681,000 Other current assets 303,000 247,000 Total current assets 2,465,200 2,121,900 Property, plant, & equipment, net 8,856,175 8,407,585 Total assets $11,321,375 $10,529,485 Liabilities and Stockholders' Equity Current liabilities $3,121,000 $2,846,000 Long-term debt 3,702,700 3,892,650...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $348,000 $417,400 776,500 Accounts receivable, net 1,066,200 Inventory 748,000 681,000 Other current assets 303,000 2,465,200 247,000 2,121,900 Total current assets Property, plant, & equipment, net 8,856,175 8,407,585 Total assets $11,321,375 $10,529,485 Liabilities and Stockholders' Equity Current liabilities $3,121,000 $2,846,000 Long-term debt 3,702,700 3,892,650...
Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...
Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Crane Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $436,000 $417,400 Accounts receivable, net 1,063,000 776,500 Inventory Other current assets Total current assets 798,000 681,050 306,000 247,100 2,603,000 2,122,050 8,746,285 8,439,815 $11,349,285 $10,561,865 Property, plant, & equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities $3,115,000 3,799,000 $2,846,050 3,892,700 Long-term debt...
Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income...
Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. 2015 Crane Medical Comparative Balance Sheet As of December 31 2016 Assets Current assets Cash $377,000 Accounts receivable, net 1,048,000 Inventory 729,000 Other current assets 381,300 Total current assets 2,535,300 Property, plant, & equipment, net 8,706,535 Total assets $11,241,835 $417,400 776,450 681,100 247,100 2,122,050 8,440,045 $10,562,095 Crane Medical Comparative Income Statement and Statement of Retained Earnings For the...
Wildhorse Medical manufactures hospital beds and other institutional furniture. The company’s comparative balance sheet and income...
Wildhorse Medical manufactures hospital beds and other institutional furniture. The company’s comparative balance sheet and income statement for 2015 and 2016 follow. Wildhorse Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $359,000 $417,450 Accounts receivable, net 1,066,200 776,450 Inventory 722,000 681,000 Other current assets 351,000 247,000 Total current assets 2,498,200 2,121,900 Property, plant, & equipment, net 8,817,440 8,451,115 Total assets $11,315,640 $10,573,015 Liabilities and Stockholders’ Equity Current liabilities $3,174,000 $2,846,000 Long-term debt 3,702,600 3,892,600...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $390,000 $417,500 Accounts receivable, net 1,038,000 776,450 Inventory 746,000 681,100 Other current assets 381,350 247,050 Total current assets 2,555,350 2,122,100 Property, plant, & equipment, net 8,702,200 8,439,880 $11,257,550 $10,561,980 Total assets Liabilities and Stockholders' Equity Current liabilities $2,846,100 $3,196,000 3,702,700 Long-term debt 3,892,600...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $390,000 $417,500 Accounts receivable, net 1,038,000 776,450 Inventory 746,000 681,100 Other current assets 381,350 247,050 Total current assets 2,555,350 2,122,100 Property, plant, & equipment, net 8,702,200 8,439,880 $11,257,550 $10,561,980 Total assets Liabilities and Stockholders' Equity Current liabilities $2,846,100 $3,196,000 3,702,700 Long-term debt 3,892,600...
C Pausec Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Crane Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $380,000 $417,500 Accounts receivable, net 1,067,600 776,400 Inventory 681,100 717,000 Other current assets 368,000 247,000 Total current assets 2,532,600 2,122,000 Property, plant, & equipment, net 9,275,840 8,409,365 $11,808,440 $10,531,365 Total assets Liabilities and Stockholders'Equity $3,188,000 $2,846,100 Current liabilities 3,892,600 3,702,700 Long-term...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $402,000 $417,500 776,400 Accounts receivable, net 1,065,000 Inventory 758,000 681,000 Other current assets 362,000 247,000 Total current assets 2,587,000 2,121,900 8,671,1408,439,915 Property, plant, & equipment, net Total assets $11,258,140 $10,561,815 Liabilities and Stockholders' Equity Current liabilities $3,165,000 $2,846,000 Long-term debt 3,700,000 6,865,000 3,892,600...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $402,000 $417,500 Accounts receivable, net 1,065,000 776,400 Inventory 758,000 681,000 Other current assets 362,000 247,000 Total current assets 2,587,000 2,121,900 Property, plant, & equipment, net 8,671,140 8,439,915 Total assets $11,258,140 $10,561,815 Liabilities and Stockholders' Equity Current liabilities $3,165,000 $2,846,000 Long-term debt 3,700,000 6,865,000...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $348,000 1,066,200 Accounts receivable, net $417,400 776,500 Inventory 748,000 681,000 Other current assets 303,000 247,000 Total current assets 2,465,200 2,121,900 Property, plant, & equipment, net 8,856,175 8,407,585 Total assets $11,321,375 $10,529,485 Liabilities and Stockholders' Equity Current liabilities $3,121,000 $2,846,000 Long-term debt 3,702,700 3,892,650...
Cullumber Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Cullumber Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $348,000 $417,400 776,500 Accounts receivable, net 1,066,200 Inventory 748,000 681,000 Other current assets 303,000 2,465,200 247,000 2,121,900 Total current assets Property, plant, & equipment, net 8,856,175 8,407,585 Total assets $11,321,375 $10,529,485 Liabilities and Stockholders' Equity Current liabilities $3,121,000 $2,846,000 Long-term debt 3,702,700 3,892,650...
Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. Crane Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash $436,000 $417,400 Accounts receivable, net 1,063,000 776,500 Inventory Other current assets Total current assets 798,000 681,050 306,000 247,100 2,603,000 2,122,050 8,746,285 8,439,815 $11,349,285 $10,561,865 Property, plant, & equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities $3,115,000 3,799,000 $2,846,050 3,892,700 Long-term debt...
Crane Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow. 2015 Crane Medical Comparative Balance Sheet As of December 31 2016 Assets Current assets Cash $377,000 Accounts receivable, net 1,048,000 Inventory 729,000 Other current assets 381,300 Total current assets 2,535,300 Property, plant, & equipment, net 8,706,535 Total assets $11,241,835 $417,400 776,450 681,100 247,100 2,122,050 8,440,045 $10,562,095 Crane Medical Comparative Income Statement and Statement of Retained Earnings For the...
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