Homework Answers
Accounting Equation is
Assets = Liabilities + Equity
(250+320+100) = (160+350) + Equity
670 = 510 + 160
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Troopit Inc, has current assets of $250 million property, plant, and equipment of $320 million and...
$350 milion Troopit, Ino, has current assets of $250 million property, plant, and equipment of $320...
$350 milion Troopit, Ino, has current assets of $250 million property, plant, and equipment of $320 million and other assisting $100 milion Current liabilities are $160 million and long term liabilities to Road the requirements Enteral amounts in milions of dollars) courving equation Requirement 1. Use the data provided to wille Troopit's Liabilities 510 Stockholders' equity Requirement 2. How much in resources does Troopit have to work with? Troopit has 5 million in resources to work with
Coffee, Inc., has current assets of $180 million; property, plant, and equipment of $320 million, and...
Coffee, Inc., has current assets of $180 million; property, plant, and equipment of $320 million, and other assets totaling $100 million. Current liabilities are $ 150 million and long-term liabilities total $330 million. Read the requirements. (Enter all amounts in millions of dollars.) Requirement 1. Use the data provided to write Coffee's accounting equation. A Requirements 1. Use these data to write Coffee's accounting equation. 2. How much in resources does Coffee have to work with? 3. How much does...
A) Hombran Doughnuts has current assets of $270 million; property, plant, and equipment of $400 million;...
A) Hombran Doughnuts has current assets of $270 million; property, plant, and equipment of $400 million; and other assets totaling $160 million. Current liabilities are $160 million and long-term liabilities total $340 million. 1. Use these data to write Hombran’s accounting equation. 2. How much in resources does Hombran have to work with? 3. How much does Hombran owe creditors? 4. How much of the company’s assets do the Hombran stockholders actually own? B) At the beginning of the year...
Data Table Loving Corporation Income Statement Year Ended December 31, 2018 (millions) Net sales 410 Expenses...
Data Table Loving Corporation Income Statement Year Ended December 31, 2018 (millions) Net sales 410 Expenses Net income (loss) Loving Corporation Statement of Retained Earnings Year Ended December 31, 2018 (millions) Beginning retained earnings Net income Cash dividends declared Ending retained earnings Loving Corporation Print Done Data Table Ending retained earnings Loving Corporation Balance Sheet December 31, 2018 (millions) Assets Cash All other assets Total assets Liabilities Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities...
Melp Save & Exit Submit Rebecky's Flowers 4U, Inc., had free cash flows during 2018 of...
Melp Save & Exit Submit Rebecky's Flowers 4U, Inc., had free cash flows during 2018 of $54 million, NOPAT of $104 million, and depreciation of $26 million Using this information, calculate the missing amounts on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) Assets 2018 2017 Current assets: $ REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 391 $ 36...
Long-term Investments Prepaid advertising Property, Plant, and Equipment Equipment Trademarks Intangible Assets Salaries and wages payable...
Long-term Investments Prepaid advertising Property, Plant, and Equipment Equipment Trademarks Intangible Assets Salaries and wages payable Current Liabilities Income taxes payable Current Liabilities Retained earnings Stockholders' Equity Current Assets Accounts receivable Property, Plant, and Equipment ÷ Land (held for future use) Patents Intangible Assets Bonds payable Current Liabilities Stockholders' Equity Common stock Accumulated depreciation-equipment Property, Plant, and Equipment Unearned sales revenue Long-term Investments Property, Plant, and Equipment Inventory
Balance Sheet Assets Liabilities Current Liabilities Current Assets 49 36 20 Accounts payable Notes payable/short term...
Balance Sheet Assets Liabilities Current Liabilities Current Assets 49 36 20 Accounts payable Notes payable/short term debt Total current liabilities ====== Cash Accounts receivable Inventories Total current assets 5 15 41 84 Long-Term Assets Long-Term Liabilities O A. - $1 million OB. $6 million OC. $43 million OD. - $6 million Long-Term Assets Long-Term Liabilities Net property, plant, and equipment Total long-term assets 126 126 Long-term debt Total long term abilities 135 135 Total liabilities Stockholders' Equity Total liabilities and...
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47...
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47 Accounts payable 23 Total current liabilities $40 40 86 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment Total long-term assets 170 164 Long-term debt Total long-term 164 liabilities 170 Total Assets 250 210 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 250 The balance sheet for a small firm is shown above. All amounts are in thousands of dollars What is this...
i Data Table (In millions) | Total current assets $ ................ 15.5 15.8 Property, plant, equipment,...
i Data Table (In millions) | Total current assets $ ................ 15.5 15.8 Property, plant, equipment, and other.assets ..... | 31.3 || Total current liabilities 9.8 Total long-term liabilities 5.3 Total shareholders' equity | 16.2 31.3 $ Print Done a. Earned revenue, $2.5 million, on account. Now, include the a. transaction for 2019 in our original ratio calculations at December 31, 2018. The current ratio including transaction a. is The debt ratio including transaction a. is b. Borrowed $6.0 million...
A Current assets B. Investments C. Property, plant, and equipment D. Intangible assets E. Current liabilities...
A Current assets B. Investments C. Property, plant, and equipment D. Intangible assets E. Current liabilities F. Long-term liabilities G. Stockholders' equity H. Not on the balance sheet 1. Accumulated depreciation-equipment 2. Common stock 3. Interest expense 4. Salaries and wages payable m 5. Retained earnings 6. Inventory 7. Patents 8. Prepaid insurance 9. Mortgage payable 10. Land (held for investment)
$350 milion Troopit, Ino, has current assets of $250 million property, plant, and equipment of $320 million and other assisting $100 milion Current liabilities are $160 million and long term liabilities to Road the requirements Enteral amounts in milions of dollars) courving equation Requirement 1. Use the data provided to wille Troopit's Liabilities 510 Stockholders' equity Requirement 2. How much in resources does Troopit have to work with? Troopit has 5 million in resources to work with
Coffee, Inc., has current assets of $180 million; property, plant, and equipment of $320 million, and other assets totaling $100 million. Current liabilities are $ 150 million and long-term liabilities total $330 million. Read the requirements. (Enter all amounts in millions of dollars.) Requirement 1. Use the data provided to write Coffee's accounting equation. A Requirements 1. Use these data to write Coffee's accounting equation. 2. How much in resources does Coffee have to work with? 3. How much does...
Data Table Loving Corporation Income Statement Year Ended December 31, 2018 (millions) Net sales 410 Expenses Net income (loss) Loving Corporation Statement of Retained Earnings Year Ended December 31, 2018 (millions) Beginning retained earnings Net income Cash dividends declared Ending retained earnings Loving Corporation Print Done Data Table Ending retained earnings Loving Corporation Balance Sheet December 31, 2018 (millions) Assets Cash All other assets Total assets Liabilities Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities...
Melp Save & Exit Submit Rebecky's Flowers 4U, Inc., had free cash flows during 2018 of $54 million, NOPAT of $104 million, and depreciation of $26 million Using this information, calculate the missing amounts on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) Assets 2018 2017 Current assets: $ REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 391 $ 36...
Long-term Investments Prepaid advertising Property, Plant, and Equipment Equipment Trademarks Intangible Assets Salaries and wages payable Current Liabilities Income taxes payable Current Liabilities Retained earnings Stockholders' Equity Current Assets Accounts receivable Property, Plant, and Equipment ÷ Land (held for future use) Patents Intangible Assets Bonds payable Current Liabilities Stockholders' Equity Common stock Accumulated depreciation-equipment Property, Plant, and Equipment Unearned sales revenue Long-term Investments Property, Plant, and Equipment Inventory
Balance Sheet Assets Liabilities Current Liabilities Current Assets 49 36 20 Accounts payable Notes payable/short term debt Total current liabilities ====== Cash Accounts receivable Inventories Total current assets 5 15 41 84 Long-Term Assets Long-Term Liabilities O A. - $1 million OB. $6 million OC. $43 million OD. - $6 million Long-Term Assets Long-Term Liabilities Net property, plant, and equipment Total long-term assets 126 126 Long-term debt Total long term abilities 135 135 Total liabilities Stockholders' Equity Total liabilities and...
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47 Accounts payable 23 Total current liabilities $40 40 86 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment Total long-term assets 170 164 Long-term debt Total long-term 164 liabilities 170 Total Assets 250 210 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 250 The balance sheet for a small firm is shown above. All amounts are in thousands of dollars What is this...
i Data Table (In millions) | Total current assets $ ................ 15.5 15.8 Property, plant, equipment, and other.assets ..... | 31.3 || Total current liabilities 9.8 Total long-term liabilities 5.3 Total shareholders' equity | 16.2 31.3 $ Print Done a. Earned revenue, $2.5 million, on account. Now, include the a. transaction for 2019 in our original ratio calculations at December 31, 2018. The current ratio including transaction a. is The debt ratio including transaction a. is b. Borrowed $6.0 million...
A Current assets B. Investments C. Property, plant, and equipment D. Intangible assets E. Current liabilities F. Long-term liabilities G. Stockholders' equity H. Not on the balance sheet 1. Accumulated depreciation-equipment 2. Common stock 3. Interest expense 4. Salaries and wages payable m 5. Retained earnings 6. Inventory 7. Patents 8. Prepaid insurance 9. Mortgage payable 10. Land (held for investment)
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