A firm has the following balance sheet. It expects sales to increase 30% over the previous...
A firm has the following balance sheet. It expects sales to increase 30% over the previous year's level of $9,000, and anticipates retaining $3,000 of its earnings. Cash $ 4,000 Accounts payable $ 2,500 Accounts receivable 3,000 Accrued expenses payable 1,000 Inventories 2,000 Long-term debt 6,000 Net fixed assets 12,500 Common stock 8,500 Retained earnings 3,500 Total assets $21,500 Total liabilities and capital $21,500 According to the unmodified percentage of sales method, the amount of external funds needed will be:
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A firm has the following balance sheet. It expects sales to
increase 30% over the previous...
this is the answers i need help figuring out how they got the numbers thank you....
this is the answers i need help figuring out how they got the
numbers thank you. !
12) Paulee Corporation paid $24,800 for an 80% interest in Sergio Corporation on January 1, 2013, at which time Sergio's stockholders' equity consisted of $1 5,000 of Common Stock and $6,000 of Retained Earnings. The fair values of Sergio Corporation's assets and liabilities were identical to recorded book values when Paulee acquired its 80% interest. Sergio Corporation reported net income of $4,000 and...
The balance sheet and income statement for the A. Thiel Mfg. Company are as follows. Calculate...
The balance sheet and income statement for the A. Thiel Mfg.
Company are as follows. Calculate the ratios at the
bottom.
Cash $ 500 Accounts receivable 2,000 Inventories 1,000 Current assets $3,500 Net fixed assets 4,500 Total assets $8,000 Accounts payable $1,100 Accrued expenses 600 Short-term notes payable 300 Current liabilities $2,000 Long-term debt 2,000 Owners' equity 4,000 Total liabilities and owners' equity $8,000 Income Statement ($000) Sales (all credit) $8,000 Cost of goods sold (3,300) Gross profit $4,700 Operating...
RAM, Inc. has the following balance sheet: RRM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities...
RAM, Inc. has the following balance sheet: RRM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities and Equity Cash $ 3,000 Accruals $ 3,500 Marketable securities 1,700 Accounts payable 16,400 Accounts receivable 17,340 Notes payable 5,000 Inventory 18,220 Long term debt 23,000 Common stock 22,000 Plant and equipment 38,000 Retained earnings 8,360 $78,260 $ 78,260 Sales are currently $100,000, but management expects sales to rise to $125,000. The net profit margin is expected to be 10 percent, and the firm...
The change in each of Kendall Corporation's balance sheet accounts last year follows: Increase Decrease Cash...
The change in each of Kendall Corporation's balance sheet accounts last year follows: Increase Decrease Cash and cash equivalents $ 3,000 Accounts receivable $ 2,000 Inventory $ 3,000 Prepaid Expenses $ 4,000 Long-term Investments $ 15,000 Property, Plant and Equipment $ 10,000 Accumulated Depreciation $ 8,000 Accounts payable $ 9,000 Accrued Liabilities $ 6,000 Bonds Payable $ 13,000 Common Stock $ 5,000 Retained Earnings $ 4,000 Kendall Corporation's income statement for the year was: Sales $ 300,000 Cost of goods...
(Click on the following icon in order to copy its contents into a spreadsheet.) Balance Sheet...
(Click on the following icon in order to copy its contents into a spreadsheet.) Balance Sheet ($000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $ 500 2,000 1,000 $ 3,500 4,500 $ 8,000 Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $ 1,100 600 300 $ 2,000 2,000 4,000 $ 8,000 Income Statement ($000) Sales (all credit) Cost of goods sold Gross profit Operating expenses (includes...
(Calculating financial ratios) The balance sheet and income statement for the J·P. Robard Mig. Company are...
(Calculating financial ratios) The balance sheet and income statement for the J·P. Robard Mig. Company are as follows:囲. Calculate the following ratios: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity P. Robard Mfg., Inc. J. Balance Sheet ($000) $500 2,000 1,000 $3,500 4,500 $8,000 Cash Accounts receivable Inventories Current assets Net fixed assets Total assets Accounts payable Accrued expenses Short-term...
2020 Question #3 Springhill Corporation Balance Sheet December 31, 2021, and December 31", 2020 (in thousands)...
2020 Question #3 Springhill Corporation Balance Sheet December 31, 2021, and December 31", 2020 (in thousands) 2021 Assets Current Assets: Cash $90,000 Accounts Receivable 60,000 Inventory 18,000 Prepaid Expenses 2,000 Total Current Assets 170,000 Capital Assets (PP&E) 50,000 Total Assets $220,000 $57,000 40,000 10,000 1,000 108,000 30,000 $138,000 Liabilities: Accounts Payable Accrued Liabilities Income Taxes Payable Total Current Liabilities Long Term Debt Total liabilities $11,000 6,000 5,000 22,000 40,000 362,000 $4,000 3,000 8,000 15,000 8,000 S23,000 Shareholders' Equity Common Shares...
(12-3) Projected Spontaneous Liabilities Smiley Corporation’s current sales and partial balance sheet are shown here. Sales...
(12-3) Projected Spontaneous Liabilities Smiley Corporation’s current sales and partial balance sheet are shown here. Sales are expected to grow by 10% next year. Assuming no change in operations from this year to next year, what are the projected spontaneous liabilities? This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,000 Notes payable $ 2,000 Accruals $ 1,000 Total current liabilities $ 4,000 Long-term bonds $ 2,000 Total liabilities $ 6,000 Common stock $ 1,000 Retained earnings $ 3,000 Total common equity $ 4,000 Total liabilities &...
Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000...
Smiley Corporation's current sales and partial balance sheet are shown below. This year Sales $ 10,000 Balance Sheet: Liabilities Accounts payable $ 1,500 Notes payable $ 3,000 Accruals $ 1,400 Total current liabilities $ 5,900 Long-term bonds $ 2,000 Total liabilities $ 7,900 Common stock $ 1,500 Retained earnings $ 2,500 Total common equity $ 4,000 Total liabilities & equity $ 11,900 Sales are expected to grow by 14% next year. Assuming no change in operations from this year to...
Megalopolis Bank has the following balance sheet and income statement. For Megalopolis, calculate: Return on...
Megalopolis Bank has the following balance sheet and income
statement.
For Megalopolis, calculate:
Return on equity
Return on assets
Asset utilization
Equity multiplier
Profit margin
Interest expense ratio
Provision for loan loss ratio
Noninterest expense ratio
Tax ratio
Balance Sheet (in millions) Assets Liabilities and Equity Cash and due Demand from banks $ 9,000 deposits $ 19,000 Investment securities 23,000 NOW accounts 89,000 Repurchase agreements 42,000 Retail CDs 28,000 Loans 90,000 Debentures 19,000 Fixed assets 15,000 Total liabilities $155,000...
this is the answers i need help figuring out how they got the
numbers thank you. !
12) Paulee Corporation paid $24,800 for an 80% interest in Sergio Corporation on January 1, 2013, at which time Sergio's stockholders' equity consisted of $1 5,000 of Common Stock and $6,000 of Retained Earnings. The fair values of Sergio Corporation's assets and liabilities were identical to recorded book values when Paulee acquired its 80% interest. Sergio Corporation reported net income of $4,000 and...
The balance sheet and income statement for the A. Thiel Mfg.
Company are as follows. Calculate the ratios at the
bottom.
Cash $ 500 Accounts receivable 2,000 Inventories 1,000 Current assets $3,500 Net fixed assets 4,500 Total assets $8,000 Accounts payable $1,100 Accrued expenses 600 Short-term notes payable 300 Current liabilities $2,000 Long-term debt 2,000 Owners' equity 4,000 Total liabilities and owners' equity $8,000 Income Statement ($000) Sales (all credit) $8,000 Cost of goods sold (3,300) Gross profit $4,700 Operating...
RAM, Inc. has the following balance sheet: RRM, Incorporated Balance Sheet as of 12/31/XO Assets Liabilities and Equity Cash $ 3,000 Accruals $ 3,500 Marketable securities 1,700 Accounts payable 16,400 Accounts receivable 17,340 Notes payable 5,000 Inventory 18,220 Long term debt 23,000 Common stock 22,000 Plant and equipment 38,000 Retained earnings 8,360 $78,260 $ 78,260 Sales are currently $100,000, but management expects sales to rise to $125,000. The net profit margin is expected to be 10 percent, and the firm...
(Click on the following icon in order to copy its contents into a spreadsheet.) Balance Sheet ($000) Cash Accounts receivable Inventories Current assets Net fixed assets Total assets $ 500 2,000 1,000 $ 3,500 4,500 $ 8,000 Accounts payable Accrued expenses Short-term notes payable Current liabilities Long-term debt Owners' equity Total liabilities and owners' equity $ 1,100 600 300 $ 2,000 2,000 4,000 $ 8,000 Income Statement ($000) Sales (all credit) Cost of goods sold Gross profit Operating expenses (includes...
(Calculating financial ratios) The balance sheet and income statement for the J·P. Robard Mig. Company are as follows:囲. Calculate the following ratios: Current ratio Times interest earned Inventory turnover Total asset turnover Operating profit margin Operating return on assets Debt ratio Average collection period Fixed asset turnover Return on equity P. Robard Mfg., Inc. J. Balance Sheet ($000) $500 2,000 1,000 $3,500 4,500 $8,000 Cash Accounts receivable Inventories Current assets Net fixed assets Total assets Accounts payable Accrued expenses Short-term...
2020 Question #3 Springhill Corporation Balance Sheet December 31, 2021, and December 31", 2020 (in thousands) 2021 Assets Current Assets: Cash $90,000 Accounts Receivable 60,000 Inventory 18,000 Prepaid Expenses 2,000 Total Current Assets 170,000 Capital Assets (PP&E) 50,000 Total Assets $220,000 $57,000 40,000 10,000 1,000 108,000 30,000 $138,000 Liabilities: Accounts Payable Accrued Liabilities Income Taxes Payable Total Current Liabilities Long Term Debt Total liabilities $11,000 6,000 5,000 22,000 40,000 362,000 $4,000 3,000 8,000 15,000 8,000 S23,000 Shareholders' Equity Common Shares...
Megalopolis Bank has the following balance sheet and income
statement.
For Megalopolis, calculate:
Return on equity
Return on assets
Asset utilization
Equity multiplier
Profit margin
Interest expense ratio
Provision for loan loss ratio
Noninterest expense ratio
Tax ratio
Balance Sheet (in millions) Assets Liabilities and Equity Cash and due Demand from banks $ 9,000 deposits $ 19,000 Investment securities 23,000 NOW accounts 89,000 Repurchase agreements 42,000 Retail CDs 28,000 Loans 90,000 Debentures 19,000 Fixed assets 15,000 Total liabilities $155,000...
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