Homework Answers
Add Answer to:
Jordan Inc has the following balance sheet and income statement data: S 14,000 70,000 280,000 S364,000...
Jordan Inc has the following balance sheet and income statement data: Cash $ 14,000 Accounts payable...
Jordan Inc has the following balance sheet and income statement data: Cash $ 14,000 Accounts payable $ 42,000 Receivables 70,000 Other current liab. 28,000 Inventories 280,000 Total CL $ 70,000 Total CA $364,000 Long-term debt 140,000 Net fixed assets 126,000 Common equity 280,000 Total assets $490,000 Total liab. and equity $490,000 Sales $280,000 Net income $ 21,000 The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the industry...
4. Baker Inc has the following balance sheet and income statement data: Cash $14,000 Accounts payable...
4. Baker Inc has the following balance sheet and income statement data: Cash $14,000 Accounts payable $42,00 0 Receivables 70,000 Other current liabilities 28,000 $70,00 0 Inventories 280,000 Total CL Total CA $364,000 Long-term debt 140,00 0 Net fixed assets 126,000 Common equity 280,00 0 Total assets $490,000 Total liab. and equity $490,0 00 Sales $280,000 21,000 Net income The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the...
Muscarella Inc. has the following balance sheet and income statement data: Cash $ 14,000 Accounts payable...
Muscarella Inc. has the following balance sheet and income statement data: Cash $ 14,000 Accounts payable $ 42,000 Receivables 70,000 Other current 28.000 liabilities Inventories 210.000 TotalCL $70,000 Total CA $294,000 Long-term debt 70,000 Net foed assets 125.000 Common equity 280.000 Total assets $420.000 Total liab. and equity $420,000 Sales $280,000 Net income $ 21,000 The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the industry average, 2.50, without...
Lloyd Inc. has sales of $400,000, a net income of $24,000, and the following balance sheet:...
Lloyd Inc. has sales of $400,000, a net income of $24,000, and the following balance sheet: Cash $ 72,960 Accounts payable $ 99,840 Receivables 155,520 Notes payable to bank 71,040 Inventories 345,600 Total current liabilities $170,880 Total current assets $574,080 Long-term debe 167,040 Net fixed assets 385,920 Common equity 622,080 Total assets $960,000 Total liabilities and equity $960,000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to...
Lloyd Inc. has sales of $450,000, a net income of $45,000, and the following balance sheet:...
Lloyd Inc. has sales of $450,000, a net income of $45,000, and the following balance sheet: Cash $67,500 Accounts payable $60,075 Receivables 124,200 Notes payable to bank 39,150 Inventories 330,750 Total current liabilities $99,225 Total current assets $522,450 Long-term debt 84,375 Net fixed assets 152,550 Common equity 491,400 Total assets $675,000 Total liabilities and equity $675,000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry...
Lloyd Inc. has sales of $150,000, a net income of $10,500, and the following balance sheet:...
Lloyd Inc. has sales of $150,000, a net income of $10,500, and the following balance sheet: Cash $42,000 Accounts payable $38,250 Receivables 60,000 Notes payable to bank 20,625 Inventories 172,500 Total current liabilities $58,875 Total current assets $274,500 Long-term debt 49,500 Net fixed assets 100,500 Common equity 266,625 Total assets $375,000 Total liabilities and equity $375,000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry...
Carry out calculations to at least 4 decimal places. Enter percentages as whole numbers. Example: 3.03%...
Carry out calculations to at
least 4 decimal places. Enter percentages as whole numbers.
Example: 3.03% should be entered as 3.03. Do not include commas or
dollar signs in numerical answers.
Falcons Inc has the following balance sheet and income statement data Cash $14,000 Accounts payable $53,000 Receivables $70,000Other current liab. $37,000 Inventories $270,000 Total CL Total CA Long-ternm debt Common equity Total liab. and equity $90,000 $110,000 $290,000 $490,000 $354,000 Net fixed assets $136,000 Total assets $490,000 Sales Net...
Consider the following income statement for the Heir Jordan Corporation: The balance sheet for the Heir...
Consider the following income statement for the Heir Jordan
Corporation:
The balance sheet for the Heir Jordan Corporation
follows.
Prepare a pro forma balance sheet, assuming a sales
increase of 15 percent, no new external debt or equity financing,
and a constant payout ratio. (Do not round intermediate
calculations and round your answers to 2 decimal places, e.g.,
32.16.)
Calculate the EFN. (A negative answer should be
indicated by a minus sign. Do not round intermediate calculations
and round your...
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement...
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales $ 47,200 Costs 35,200 Taxable income $ 12,000 Taxes (23%) 2,760 Net income $ 9,240 Dividends $ 2,502 Addition to retained earnings 6,738 The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 3,100 Accounts payable $ 2,400 Accounts receivable 4,400 Notes payable 4,200 Inventory 6,400...
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales...
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $47,200 35,200 Taxable income Taxes (23%) $ 12,000 2,760 Net income 9,240 Dividends Addition to retained $2,502 6,738 earnings The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable 4,400 Notes payable S 3100 Accounts payable 2,400 4.200 6,600 $25,000 Inventory 6,400 Total Total $ 13,900 Long-term...
4. Baker Inc has the following balance sheet and income statement data: Cash $14,000 Accounts payable $42,00 0 Receivables 70,000 Other current liabilities 28,000 $70,00 0 Inventories 280,000 Total CL Total CA $364,000 Long-term debt 140,00 0 Net fixed assets 126,000 Common equity 280,00 0 Total assets $490,000 Total liab. and equity $490,0 00 Sales $280,000 21,000 Net income The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the...
Muscarella Inc. has the following balance sheet and income statement data: Cash $ 14,000 Accounts payable $ 42,000 Receivables 70,000 Other current 28.000 liabilities Inventories 210.000 TotalCL $70,000 Total CA $294,000 Long-term debt 70,000 Net foed assets 125.000 Common equity 280.000 Total assets $420.000 Total liab. and equity $420,000 Sales $280,000 Net income $ 21,000 The new CFO thinks that inventories are excessive and could be lowered sufficiently to cause the current ratio to equal the industry average, 2.50, without...
Lloyd Inc. has sales of $400,000, a net income of $24,000, and the following balance sheet: Cash $ 72,960 Accounts payable $ 99,840 Receivables 155,520 Notes payable to bank 71,040 Inventories 345,600 Total current liabilities $170,880 Total current assets $574,080 Long-term debe 167,040 Net fixed assets 385,920 Common equity 622,080 Total assets $960,000 Total liabilities and equity $960,000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to...
Carry out calculations to at
least 4 decimal places. Enter percentages as whole numbers.
Example: 3.03% should be entered as 3.03. Do not include commas or
dollar signs in numerical answers.
Falcons Inc has the following balance sheet and income statement data Cash $14,000 Accounts payable $53,000 Receivables $70,000Other current liab. $37,000 Inventories $270,000 Total CL Total CA Long-ternm debt Common equity Total liab. and equity $90,000 $110,000 $290,000 $490,000 $354,000 Net fixed assets $136,000 Total assets $490,000 Sales Net...
Consider the following income statement for the Heir Jordan
Corporation:
The balance sheet for the Heir Jordan Corporation
follows.
Prepare a pro forma balance sheet, assuming a sales
increase of 15 percent, no new external debt or equity financing,
and a constant payout ratio. (Do not round intermediate
calculations and round your answers to 2 decimal places, e.g.,
32.16.)
Calculate the EFN. (A negative answer should be
indicated by a minus sign. Do not round intermediate calculations
and round your...
Consider the following income statement for the Heir Jordan Corporation: HEIR JORDAN CORPORATION Income Statement Sales Costs $47,200 35,200 Taxable income Taxes (23%) $ 12,000 2,760 Net income 9,240 Dividends Addition to retained $2,502 6,738 earnings The balance sheet for the Heir Jordan Corporation follows. HEIR JORDAN CORPORATION Balance Sheet Assets Liabilities and Owners' Equity Current assets Current liabilities Cash Accounts receivable 4,400 Notes payable S 3100 Accounts payable 2,400 4.200 6,600 $25,000 Inventory 6,400 Total Total $ 13,900 Long-term...
Most questions answered within 3 hours.
-
Write a c/c++ program to read a list of students from a file and
create a...
asked 5 minutes ago -
Identify two different methods for collecting data in
qualitative research. What are the benefits and challenges...
asked 5 minutes ago -
I am suppose to have my array before the main class but I am
getting the...
asked 7 minutes ago -
Your task is to design the page table for the 32bit Pentium
microprocessor. Answer the following...
asked 14 minutes ago -
The Paradise Shoes Company has estimated its weekly TVC function
from data collected over the past...
asked 12 minutes ago -
A researcher wishes to study the cumulative effects of several
combinations of HIV drugs. There are...
asked 12 minutes ago -
Although Epicurus advocates pursuing pleasure for the
good life, discuss a few reasons why he does...
asked 30 minutes ago -
Problem 1: Present entries to record the selected transactions
described below:
(a)
Issued $2,790,000 of 5-year,...
asked 36 minutes ago -
Using technology to support HR activities increases:
a.
the efficiency of the administrative HR functions.
b....
asked 37 minutes ago -
1. List the features used to classify leaf
types.
2. List some characteristics that are shared...
asked 42 minutes ago -
The three elements of Value Proposition, Key Customers, and
Capabilities operate within an environment. Which of...
asked 44 minutes ago -
Katelynn, a physician, earns $200,000 from her medical practice
in the current year. She receives $45,000...
asked 52 minutes ago