Homework Answers
Current Ratio = 2.32:1
Working Capital is same = $ 6,144 Million
Working shown in the image as follow
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Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio...
(b) Suppose that at the end of 2020, 3M management used $196 million cash to pay...
(b) Suppose that at the end of 2020, 3M management used $196 million cash to pay off $196 million of accounts payable. How would its current ratio and working answer to million.) Current ratio :1 Working capital million By accessing this Question Assistance, you willl learn while you earn points based on the Point Potential Policy set by your instructor WileyPLUS-Googl DOLL Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2...
(b) Suppose that at the end of 2020, 3M management used $196 million cash to pay...
(b) Suppose that at the end of 2020, 3M management used $196 million cash to pay off $196 million of accounts payable. How would its current ratio and working answer to million.) Current ratio Working capital million By accessing this Question Assistance, you will learn while you earn points based on the Point Potential policy set by your instructor 9 WileyPLUS - Google SHOW SOLUTION LINK TO TEXT By cessing this Ouestion since you will learn while you earn points...
Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in...
Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $3,180 Accounts receivable, net 3,600 Inventories 2,738 Other current assets 1,932 Total current assets $11,450 Current liabilities $4,830 $1,836 3,180 3,019 1,590 $9,625 $5,887 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital...
Exercise 1 UU UUUULLU UUM Suppose the following financial data were reported by 3M Company for...
Exercise 1 UU UUUULLU UUM Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $3,070 Accounts receivable, net 3,270 Inventories 2,693 Other current assets 1,932 Total current assets $10,965 Current liabilities $4,821 $1,908 3,180 3,047 1,616 $9,751 $5,869 a Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratiot Current ratio 2019 2020 Working capital...
Question 2 The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared...
Question 2 The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,700 shares issued Share capital, 5,000,000 common shares authorized, 1,250,000 $213,600 $213,600 common shares issued (2019-1,050,000 shares) Retained earnings Total shareholders' equity 5,200,000 4,200,000 3,979,000 3,187,000 $9,392,600 $7,600,600 During 2020, Deer paid a total of $114,300 in cash dividends, [y] Your answer is correct. Assume the preferred shares were not in arrears at...
Aint nobody got time for that! Exercise 11-08 a-b Suppose the following financial data were reported...
Aint nobody got time for that!
Exercise 11-08 a-b Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions) 3M Company Balance Sheets (partial) 2020 2019 Current assets Cash and cash equivalents $3,200 $1,845 Accounts receivable, net 3,450 3,180 Inventories 2,639 3,042 Other current assets 1,872 1,549 Total current assets $9,616 $11,161 $4,853 $5,893 Current liabilities Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to...
Exercise 10 06 a c (Part Level Submission) Whispering Winds company purchased a new machine on...
Exercise 10 06 a c (Part Level Submission) Whispering Winds company purchased a new machine on October 1, 2020, at a cost of $110,200. The company estimated that the machine will have machine is expected to be used for 10,000 working hours during its 5-year life. 2 Your answer is correct Compute the depreciation expense under straight line method for 2020. (Round answer to decimal places... 2.125.) Depreciation expense 5000 vacing this son ince you learn while you can points...
m/eduge fr.uni gnment Question 11 Suppose the following selected condensed data are taken from a recent...
m/eduge fr.uni gnment Question 11 Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars) Accounts receivable Inventory Other current assets Total current assets Total current liabilities $30.0 19.0 27.0 24.0 $100.0 Compute workding capital and the current ratio. (For working caphisi, enter answer in milions. If ansver is negative enter it with a negative sign preceding the number e.g.-15.2 or in parentheses e.g. (15.2). Round Current Ratio to...
Exercise 14-02 a-c (Part Level Submission) Crane Corporation was organized on January 1, 2019. During its...
Exercise 14-02 a-c (Part Level Submission) Crane Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $6,075; 2020, $13,900; and 2021, $28,000. Your answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative Allocation to...
2020 2019 Assets Cash $8,150 16,110 $3,050 9,470 Accounts receivable Inventory 11,550 6,190 14,590 Land Building...
2020 2019 Assets Cash $8,150 16,110 $3,050 9,470 Accounts receivable Inventory 11,550 6,190 14,590 Land Building and equipment 14,590 29,400 $79,800 23,560 Total assets $56,860 $8.920 $8,720 1,730 0 2,330 Liabilities and equity Accounts payable Short-term note payable Mortgage payable current Mortgage payable Share capital Retained earnings Total liabilities and equity Other information Sales Cost of goods sold Net income 2,330 20.970 12,000 33,850 23,300 12,000 10,510 $ 79,800 $56,860 $171,730 73,320 23,340 $143.690 70,510 5.740 a anything (ci) X]...
(b) Suppose that at the end of 2020, 3M management used $196 million cash to pay off $196 million of accounts payable. How would its current ratio and working answer to million.) Current ratio :1 Working capital million By accessing this Question Assistance, you willl learn while you earn points based on the Point Potential Policy set by your instructor WileyPLUS-Googl DOLL Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2...
(b) Suppose that at the end of 2020, 3M management used $196 million cash to pay off $196 million of accounts payable. How would its current ratio and working answer to million.) Current ratio Working capital million By accessing this Question Assistance, you will learn while you earn points based on the Point Potential policy set by your instructor 9 WileyPLUS - Google SHOW SOLUTION LINK TO TEXT By cessing this Ouestion since you will learn while you earn points...
Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions). 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $3,180 Accounts receivable, net 3,600 Inventories 2,738 Other current assets 1,932 Total current assets $11,450 Current liabilities $4,830 $1,836 3,180 3,019 1,590 $9,625 $5,887 Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to 2 decimal places, e.g. 1.25: 1. Enter working capital...
Exercise 1 UU UUUULLU UUM Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars 2019 3M Company Balance Sheets (partial) 2020 Current assets Cash and cash equivalents $3,070 Accounts receivable, net 3,270 Inventories 2,693 Other current assets 1,932 Total current assets $10,965 Current liabilities $4,821 $1,908 3,180 3,047 1,616 $9,751 $5,869 a Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratiot Current ratio 2019 2020 Working capital...
Question 2 The shareholders' equity of Deer Ltd. at the end of 2020 and 2019 appeared as follows: Share capital, preferred shares, $2 cumulative, 2,000,000 shares authorized, 26,700 shares issued Share capital, 5,000,000 common shares authorized, 1,250,000 $213,600 $213,600 common shares issued (2019-1,050,000 shares) Retained earnings Total shareholders' equity 5,200,000 4,200,000 3,979,000 3,187,000 $9,392,600 $7,600,600 During 2020, Deer paid a total of $114,300 in cash dividends, [y] Your answer is correct. Assume the preferred shares were not in arrears at...
Aint nobody got time for that!
Exercise 11-08 a-b Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in millions) 3M Company Balance Sheets (partial) 2020 2019 Current assets Cash and cash equivalents $3,200 $1,845 Accounts receivable, net 3,450 3,180 Inventories 2,639 3,042 Other current assets 1,872 1,549 Total current assets $9,616 $11,161 $4,853 $5,893 Current liabilities Calculate the current ratio and working capital for 3M for 2019 and 2020. (Round current ratio to...
Exercise 10 06 a c (Part Level Submission) Whispering Winds company purchased a new machine on October 1, 2020, at a cost of $110,200. The company estimated that the machine will have machine is expected to be used for 10,000 working hours during its 5-year life. 2 Your answer is correct Compute the depreciation expense under straight line method for 2020. (Round answer to decimal places... 2.125.) Depreciation expense 5000 vacing this son ince you learn while you can points...
m/eduge fr.uni gnment Question 11 Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars) Accounts receivable Inventory Other current assets Total current assets Total current liabilities $30.0 19.0 27.0 24.0 $100.0 Compute workding capital and the current ratio. (For working caphisi, enter answer in milions. If ansver is negative enter it with a negative sign preceding the number e.g.-15.2 or in parentheses e.g. (15.2). Round Current Ratio to...
Exercise 14-02 a-c (Part Level Submission) Crane Corporation was organized on January 1, 2019. During its first year, the corporation issued 2,050 shares of $50 par value preferred stock and 100,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2019, $6,075; 2020, $13,900; and 2021, $28,000. Your answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and noncumulative Allocation to...
2020 2019 Assets Cash $8,150 16,110 $3,050 9,470 Accounts receivable Inventory 11,550 6,190 14,590 Land Building and equipment 14,590 29,400 $79,800 23,560 Total assets $56,860 $8.920 $8,720 1,730 0 2,330 Liabilities and equity Accounts payable Short-term note payable Mortgage payable current Mortgage payable Share capital Retained earnings Total liabilities and equity Other information Sales Cost of goods sold Net income 2,330 20.970 12,000 33,850 23,300 12,000 10,510 $ 79,800 $56,860 $171,730 73,320 23,340 $143.690 70,510 5.740 a anything (ci) X]...
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