Homework Answers
Cash and equivalents = 860-520 = 340
Opex - Depreciation + interest+ general expense+ taxes= 3307-139+562+39+5= 3774
No. of days in cash = 340*365/3774= 32.88
So the closest answer is d) 31 days
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9. Using the table below, if receivables, inventories, and other current assets are $520 in 2015,...
Cash Receivables Inventories Total current assets Net fixed assets $ 230,000 1,575,000 1,160,000 $2,965,000 1,320,000 Accounts...
Cash Receivables Inventories Total current assets Net fixed assets $ 230,000 1,575,000 1,160,000 $2,965,000 1,320,000 Accounts payable Notes payable Other current liabilities Total current liabilities Long-term debt Common equity Total liabilities and equity $ 600,000 100,000 545,000 $1,245,000 400,000 2,640,000 $4,285,000 Total assets $4,285,000 Lozano Chip Company: Income Statement for Year Ended December 31, 2019 (Thousands of Dollars) Sales $7,500,000 Cost of goods sold 6,375,000 Selling, general, and administrative expenses 929,000 Earnings before interest and taxes (EBIT) $ 196,000 Interest...
Rutner Rope – Balance Sheet Current Assets (Thousands) Cash 23.2 Net Receivables 119.5 Inventories 68.6 Other...
Rutner Rope – Balance Sheet Current Assets (Thousands) Cash 23.2 Net Receivables 119.5 Inventories 68.6 Other Current Assets 4.6 Total Current Assets 171 Net Fixed Assets 466.8 Other Noncurrent Assets 715.7 Total Assets 1353.5 Liabilities and Shareholders' Equity Current Liabilities Accounts Payable 58.1 Short-Term Debt 4 Other Current Liabilities 103.8 Total Current Liabilities 155.9 Long-Term Debt 849.8 Other Noncurrent Liabilities 95.5 Total Liabilities 1320.7 Revenue 2456.3 COGS 2068.4 Gross Profit 387.9 What are accounts payable in days? What are inventories...
А B D H к Inventones Other Current Assets Total Current Assets с 3,645.20 116.60 5,166,50...
А B D H к Inventones Other Current Assets Total Current Assets с 3,645.20 116.60 5,166,50 E Other Current Liabilities Total Current Liabilities 1,118.80 2,955.20 Other Liabilities 693.40 Operating Expenses Selling General & Admin Depreciation Operating income 5,980.80 307.30 1,624 20 Total Liabilities 3,618.60 Machinery & Equipment Land Buildings Depreciation Property, Plant & Equip-Net Other Long Term Assets Total Long-Term Assets 1,688.90 1,129.70 2,348.40 (575.60) 4,591.40 120.00 4,712.30 SHAREHOLDER'S EQUITY Common Stock Retained Eamings Total Shareholder's Equity 828.50 5.401.70 6.230.20...
Assets Cash Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets Provincial...
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Creating Balance Sheets and Income Statements Using the information in the below table, prepare a classified...
Creating Balance Sheets and Income
Statements
Using the information in the below table, prepare a classified
balance sheet for Arrow Company as of December 31, 2014 and
December 31, 2015, along with multi-step income statements for the
years then ended.
Account
December 31, 2014
December 31, 2015
Property, plant, and equipment (net)
$650
$735
Long-term debt
490
690
Depreciation expense
50
60
Retained earnings
130
295
Sales revenue
1,000
1,500
Income taxes
50
70
Current portion of long-term debt
50...
Ivanhoe Company Balance Sheets December 31 Assets Cash Receivables (net) Other current assets Long-term investments Property,...
Ivanhoe Company Balance Sheets December 31 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2022 $ 26,400 80,000 84,850 62,600 570,000 $ 823,850 2021 $ 19,400 56,000 76,400 59,800 480,000 691,600 $ 76,500 76,000 332,000 339,350 $ 823,850 $ 69,000 96,000 310,000 216,600 $ 691,600 Ivanhoe Company Income Statements For the Years Ended December 31...
Castile Products, Inc Balance Sheet December 31 Assets Current assets: $ Cash 20,000 160,000 320,000 Accounts receivabl...
Castile Products, Inc Balance Sheet December 31 Assets Current assets: $ Cash 20,000 160,000 320,000 Accounts receivable, net Merchandise inventory Prepaid expenses 11,000 511,000 Total current assets 870,000 Property and equipment, net $1,381,000 Total assets Liabilities and Stockholders' Equity Liabilities: $ Current liabilities 270,000 320,000 590,000 Bonds payable, 9% Total liabilities Stockholders' equity: Common stock, $10 par value Retained earnings Total stockholders' equity $ 120,000 671,000 791,000 $1,381,000 Total liabilities and stockholders' equity 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...
Husain, Inc.'s income statement and other financial information for the current year is presented below. Hussain,...
Husain, Inc.'s income statement and other financial information for the current year is presented below. Hussain, Inc. Income Statement For the year ended December 31 Sales revenue Cost of goods sold Gross profit Selling, general and administrative expenses Operating income Interest expense Income before taxes Income tax expense Net income $229,131 78,360 150,771 14,885 135,886 4,947 130,939 4,814 $126,125 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt $257,000 514,000 64,000 128,000 Required: a. Perform vertical analysis of...
Can this question please be answered? 1) Using the formulas in Table 4.1 and Urban Outfitters’s...
Can this question please be answered?
1) Using the formulas in Table 4.1 and Urban Outfitters’s
financial statement starting on page 117, calculate the following
measures of financial performance. Be sure to report items (a)
through (e) in percentages (i.e., multiply your result x 100).
a. Gross profit margin
b. Operating profit margin
c. Net profit margin
d. Times-interest-earned (or coverage) ratio
e. Return on stockholders’ equity
f. Return on assets
g. Debt-to-equity ratio
h. Days of inventory
i. Inventory...
Cash Receivables Inventories Total current assets Net fixed assets $ 230,000 1,575,000 1,160,000 $2,965,000 1,320,000 Accounts payable Notes payable Other current liabilities Total current liabilities Long-term debt Common equity Total liabilities and equity $ 600,000 100,000 545,000 $1,245,000 400,000 2,640,000 $4,285,000 Total assets $4,285,000 Lozano Chip Company: Income Statement for Year Ended December 31, 2019 (Thousands of Dollars) Sales $7,500,000 Cost of goods sold 6,375,000 Selling, general, and administrative expenses 929,000 Earnings before interest and taxes (EBIT) $ 196,000 Interest...
А B D H к Inventones Other Current Assets Total Current Assets с 3,645.20 116.60 5,166,50 E Other Current Liabilities Total Current Liabilities 1,118.80 2,955.20 Other Liabilities 693.40 Operating Expenses Selling General & Admin Depreciation Operating income 5,980.80 307.30 1,624 20 Total Liabilities 3,618.60 Machinery & Equipment Land Buildings Depreciation Property, Plant & Equip-Net Other Long Term Assets Total Long-Term Assets 1,688.90 1,129.70 2,348.40 (575.60) 4,591.40 120.00 4,712.30 SHAREHOLDER'S EQUITY Common Stock Retained Eamings Total Shareholder's Equity 828.50 5.401.70 6.230.20...
Assets Cash Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets Provincial Imports, Inc., Balance Sheet December 31, 2015 Liabilities and stockholders' equity $ 200,000 Accounts payable 225,000 Taxes payable 625.000 Notes payable 500,000 Other current liabilities $1,550,000 Total current liabilities 1,400,000 Long-term debt $2.950,000 Total liabilities Common stock Retained earnings Total liabilities and equity $ 700,000 95,000 200,000 5,000 $1,000,000 500,000 $1,500,000 75,000 1.375,000 $2.950.000 (1) Projected sales are $6,000,000. (2) Cost of goods sold...
Creating Balance Sheets and Income
Statements
Using the information in the below table, prepare a classified
balance sheet for Arrow Company as of December 31, 2014 and
December 31, 2015, along with multi-step income statements for the
years then ended.
Account
December 31, 2014
December 31, 2015
Property, plant, and equipment (net)
$650
$735
Long-term debt
490
690
Depreciation expense
50
60
Retained earnings
130
295
Sales revenue
1,000
1,500
Income taxes
50
70
Current portion of long-term debt
50...
Ivanhoe Company Balance Sheets December 31 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and stockholders' equity 2022 $ 26,400 80,000 84,850 62,600 570,000 $ 823,850 2021 $ 19,400 56,000 76,400 59,800 480,000 691,600 $ 76,500 76,000 332,000 339,350 $ 823,850 $ 69,000 96,000 310,000 216,600 $ 691,600 Ivanhoe Company Income Statements For the Years Ended December 31...
Castile Products, Inc Balance Sheet December 31 Assets Current assets: $ Cash 20,000 160,000 320,000 Accounts receivable, net Merchandise inventory Prepaid expenses 11,000 511,000 Total current assets 870,000 Property and equipment, net $1,381,000 Total assets Liabilities and Stockholders' Equity Liabilities: $ Current liabilities 270,000 320,000 590,000 Bonds payable, 9% Total liabilities Stockholders' equity: Common stock, $10 par value Retained earnings Total stockholders' equity $ 120,000 671,000 791,000 $1,381,000 Total liabilities and stockholders' equity 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...
Husain, Inc.'s income statement and other financial information for the current year is presented below. Hussain, Inc. Income Statement For the year ended December 31 Sales revenue Cost of goods sold Gross profit Selling, general and administrative expenses Operating income Interest expense Income before taxes Income tax expense Net income $229,131 78,360 150,771 14,885 135,886 4,947 130,939 4,814 $126,125 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt $257,000 514,000 64,000 128,000 Required: a. Perform vertical analysis of...
Can this question please be answered?
1) Using the formulas in Table 4.1 and Urban Outfitters’s
financial statement starting on page 117, calculate the following
measures of financial performance. Be sure to report items (a)
through (e) in percentages (i.e., multiply your result x 100).
a. Gross profit margin
b. Operating profit margin
c. Net profit margin
d. Times-interest-earned (or coverage) ratio
e. Return on stockholders’ equity
f. Return on assets
g. Debt-to-equity ratio
h. Days of inventory
i. Inventory...
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