Homework Answers
Current ratio=Current assets/Current liabilities
=(Cash+AR+inventory)/(Accounts payable+Accrued expenses)
=(50,000+100,000+200,000)/(100,000+90,000)
which is equal to
=1.84:1(Approx).
Add Answer to:
MARNI COMPANY Balance Sheet As of December 31 ASSETS Cash 50,000 Accounts receivable 100,000 Inventory 200,000...
Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the...
Using the financial statements for the Snider Corporation, calculate the 13 basic ratios found in the chapter. MARNI CORPORATION Balance Sheet December 31, 2018 Assets Current assets: Cash $50,000 Accounts receivable 100,000 Inventory 200,000 Total current assets $350,000 Net plant and equipment $650,000 Total assets $1,000,000 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $100,000 Accrued expenses 90,000 Total current liabilities $190,000 Long-term liabilities: Long-term debt: 250,000 Total liabilities $440,000 Stockholders' equity: Common stock 100,000 Capital paid in excess of...
US Republic Corporation balance sheet, December 31, 20X3 ASSETS Cash Accounts receivable Inventory Fixed assets, net...
US Republic Corporation balance sheet, December 31, 20X3 ASSETS Cash Accounts receivable Inventory Fixed assets, net Total assets LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,000,000 5,000,000 7,000,000 17,000,000 $30,000,000 Notes payable, bank Accounts payable Accrued wages and taxes Long-term debt Preferred stock Common stock Retained earnings Total liabilities and shareholders’ equity $ 4,000,000 2,000,000 2,000,000 12,000,000 4,000,000 2,000,000 4,000,000 $30,000,000 $16,000,000 4,000,000 $20,000,000 $16,800,000 $ 3,200,000 1,200,000 $ 2,000,000 240,000 $ 1,760,000 2,600,000 $ 4,360,000 360,000 $ 4,000,000 INDUSTRY NORMS 225%...
Kapow, Inc. Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 $ 200,000 550,000 50,000...
Kapow, Inc. Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 $ 200,000 550,000 50,000 $800,000 $100,000 500,000 50,000 $650,000 Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity $150,000 350,000 500,000 $100,000 250,000 350,000 300,000 $800,000 300,000 $650,000 Perform a vertical analysis of Kapow's balance sheet for each year. (Round to one decimal plac
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 20,000 Accounts receivable, net...
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 20,000 Accounts receivable, net 160,000 Merchandise inventory 380,000 Prepaid expenses 11,000 Total current assets 571,000 Property and equipment, net 870,000 Total assets $1,441,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 210,000 Bonds payable, 9 300,000 Total liabilities 510,000 Stockholders' equity Common stock, $5 per value $ 180,000 Retained earnings 751,000 Total stockholders' equity 931,000 Total liabilities and stockholders' equity $1,441,000 Castile Products, Inc. Income Statement For the...
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory...
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 10% Total liabilities Stockholders' equity: Common stock, $5 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 6,500 35,000 70,000 3,500 115,000 185,000 $300,000 $ 50,000 80,000 130,000 30,000 140,000 170,000 $300,000 Castile Products, Inc. Income Statement For the Year...
Castaway Co. Balance Sheet Assets: 20X1 100,000 20X2 100,000 Cash 48,000 30,000 Accounts Receivable Inventory Prepaid...
Castaway Co. Balance Sheet Assets: 20X1 100,000 20X2 100,000 Cash 48,000 30,000 Accounts Receivable Inventory Prepaid Rent Equipment Accumulated Dep BV of Equipment Land 65,000 6,000 125,000 25,000 100,000 50,000 369,000 $ 50,000 12,000 300,000 35,000 265,000 20,000 477,000 $ Total Assets Liabilities: Accounts Payable 40,000 45,000 Insurance Payable O 250,000 5,000 200,000 Notes Payable Total Liabilities 290,000 250,000 OE: Stock 69,000 200,000 Retained Earnings 10,000 27,000 Total OE 79,000 227,000 Total Liabilities + OE 369,000 477,000 Castaway Co. Income...
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable...
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) $330 660 600 $360 590 530 Inventory Prepaid expenses 120 160 Total current assets 1,710 1,640 Investments 200 200 Property, plant, and equipment (net) Intangibles and other assets Total assets 420 380 530 510 $2,860 $2,730 $1,090 $980 550 520 Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 1,220 1,230 $2,860 $2,730 ORIOLE COMPANY Income Statements For the Year Ended...
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash 21,000 Accounts receivable, net 210,000...
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash 21,000 Accounts receivable, net 210,000 Merchandise inventory 320,000 Prepaid expenses 10,000 Total current assets 561,000 Property and equipment, net 870,000 Total assets $1,431,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 260,000 Bonds payable, 11% 390,000 Total liabilities 650,000 Stockholders' equity: Common stock, $5 par value $ 150,000 Retained earnings 631,000 Total stockholders' equity 781,000 Total liabilities and $1,431,000 stockholders' equity Castile Products, Inc. Income Statement For the Year...
WILDHORSE COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory 2022 2021...
WILDHORSE COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory 2022 2021 $ 70,000 $68,000 51,000 40,000 109,000 91,000 231,000 167,000 27,000 26,000 134,000 134,000 264,000 186,000 $886,000 $712,000 Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable $171,000 $109,000 Accounts payable 67,000 53,000 Accrued liabilities 41,000 41,000 Bonds payable, due 2025 250,000 170,000 Common stock, $10 par 206,000 151,000 206,000 133,000 Retained earnings Total liabilities and stockholders' equity $886,000...
Veesperna Company Balance Sheet As at December 31 2018 2017 Assets Current Assets Cash Accounts R...
need to find the sale of equipment
Veesperna Company Balance Sheet As at December 31 2018 2017 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Total Current Assets Land Equipment Less: Accumulated Depreciation $-55,000 $-69,000 Total Assets $109,915 $75,100 $47,600 $29,900 $78,600 $46,500 $236,115 $151,500 $96,000 $103,000 $106,000 $139,000 $383,115 $324,500 Liabilities and Equity Liabilities Current Liabilities Accounts Payable Taxes Payable Total Current Liabilities Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and...
Kapow, Inc. Comparative Balance Sheet December 31, 2017 and 2016 2017 2016 $ 200,000 550,000 50,000 $800,000 $100,000 500,000 50,000 $650,000 Assets Total Current Assets Property, Plant, and Equipment, Net Other Assets Total Assets Liabilities Total Current Liabilities Long-term Liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity $150,000 350,000 500,000 $100,000 250,000 350,000 300,000 $800,000 300,000 $650,000 Perform a vertical analysis of Kapow's balance sheet for each year. (Round to one decimal plac
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 20,000 Accounts receivable, net 160,000 Merchandise inventory 380,000 Prepaid expenses 11,000 Total current assets 571,000 Property and equipment, net 870,000 Total assets $1,441,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 210,000 Bonds payable, 9 300,000 Total liabilities 510,000 Stockholders' equity Common stock, $5 per value $ 180,000 Retained earnings 751,000 Total stockholders' equity 931,000 Total liabilities and stockholders' equity $1,441,000 Castile Products, Inc. Income Statement For the...
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash Accounts receivable, net Merchandise inventory Prepaid expenses Total current assets Property and equipment, net Total assets Liabilities and Stockholders' Equity Liabilities: Current liabilities Bonds payable, 10% Total liabilities Stockholders' equity: Common stock, $5 per value Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 6,500 35,000 70,000 3,500 115,000 185,000 $300,000 $ 50,000 80,000 130,000 30,000 140,000 170,000 $300,000 Castile Products, Inc. Income Statement For the Year...
Castaway Co. Balance Sheet Assets: 20X1 100,000 20X2 100,000 Cash 48,000 30,000 Accounts Receivable Inventory Prepaid Rent Equipment Accumulated Dep BV of Equipment Land 65,000 6,000 125,000 25,000 100,000 50,000 369,000 $ 50,000 12,000 300,000 35,000 265,000 20,000 477,000 $ Total Assets Liabilities: Accounts Payable 40,000 45,000 Insurance Payable O 250,000 5,000 200,000 Notes Payable Total Liabilities 290,000 250,000 OE: Stock 69,000 200,000 Retained Earnings 10,000 27,000 Total OE 79,000 227,000 Total Liabilities + OE 369,000 477,000 Castaway Co. Income...
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) $330 660 600 $360 590 530 Inventory Prepaid expenses 120 160 Total current assets 1,710 1,640 Investments 200 200 Property, plant, and equipment (net) Intangibles and other assets Total assets 420 380 530 510 $2,860 $2,730 $1,090 $980 550 520 Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 1,220 1,230 $2,860 $2,730 ORIOLE COMPANY Income Statements For the Year Ended...
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash 21,000 Accounts receivable, net 210,000 Merchandise inventory 320,000 Prepaid expenses 10,000 Total current assets 561,000 Property and equipment, net 870,000 Total assets $1,431,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 260,000 Bonds payable, 11% 390,000 Total liabilities 650,000 Stockholders' equity: Common stock, $5 par value $ 150,000 Retained earnings 631,000 Total stockholders' equity 781,000 Total liabilities and $1,431,000 stockholders' equity Castile Products, Inc. Income Statement For the Year...
WILDHORSE COMPANY Balance Sheets December 31 Assets Cash Debt investments (short-term) Accounts receivable Inventory 2022 2021 $ 70,000 $68,000 51,000 40,000 109,000 91,000 231,000 167,000 27,000 26,000 134,000 134,000 264,000 186,000 $886,000 $712,000 Prepaid expenses Land Building and equipment (net) Total assets Liabilities and Stockholders' Equity Notes payable $171,000 $109,000 Accounts payable 67,000 53,000 Accrued liabilities 41,000 41,000 Bonds payable, due 2025 250,000 170,000 Common stock, $10 par 206,000 151,000 206,000 133,000 Retained earnings Total liabilities and stockholders' equity $886,000...
need to find the sale of equipment
Veesperna Company Balance Sheet As at December 31 2018 2017 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Total Current Assets Land Equipment Less: Accumulated Depreciation $-55,000 $-69,000 Total Assets $109,915 $75,100 $47,600 $29,900 $78,600 $46,500 $236,115 $151,500 $96,000 $103,000 $106,000 $139,000 $383,115 $324,500 Liabilities and Equity Liabilities Current Liabilities Accounts Payable Taxes Payable Total Current Liabilities Bonds Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and...
Most questions answered within 3 hours.
-
a. Discuss the reciprocal/opposite “hormonal” regulation of the
most highly regulated steps of these two pathways....
asked 17 minutes ago -
Suppose a floor on a hospital has 12 physicians at any given
time. You are brought...
asked 10 minutes ago -
Members of unions had mounted campaigns to persuade customers
not to shop at a company because...
asked 18 minutes ago -
Why is the alpha carboxyl group pka value 2 ?
And why is an alpha amino...
asked 27 minutes ago -
Identify and assess an intrapreneurial
opportunities within Bank of America and
intrapreneurial assessment. Assess its impact...
asked 33 minutes ago -
How do I figure out the range of possible numbers that can be
represented by the...
asked 34 minutes ago -
A 0.48-kg metal sphere oscillates at the end of a vertical
spring. As the spring stretches...
asked 38 minutes ago -
If a block of Si is doped with 10^17 Boron atom/cm^3 and 5X10^16
Arsenic atoms/cm^3,
(a)...
asked 1 hour ago -
Why would natural selection not minimize costs (in the form of
symptoms) of evolved defenses? (choose...
asked 1 hour ago -
What is true about a critical task?
Latest finish time - latest start time = 0...
asked 1 hour ago -
A company uses a
process costing system. Its Assembly Department's beginning
inventory consisted of 56,800 units,...
asked 1 hour ago -
a
sealed glass cylinder contains 325 g of N2 gas at 1.02 atm at 20 c....
asked 1 hour ago