A firm’s balance sheets for year-end 2018 and 2019 contain the following data. All items are...
A firm’s balance sheets for year-end 2018 and 2019 contain the following data. All items are in millions of dollars.
| Dec. 31, 2018 | Dec. 31, 2019 | |||||
| Accounts receivable | 36.9 | 33.8 | ||||
| Inventories | 30.9 | 26.8 | ||||
| Accounts payable | 26.9 | 13.8 | ||||
What happened to investment in net working capital during 2019?
Homework Answers
Add Answer to:
A firm’s balance sheets for year-end 2018 and 2019 contain the
following data. All items are...
A firm’s balance sheets for year-end 2016 and 2017 contain the following data. All items are...
A firm’s balance sheets for year-end 2016 and 2017 contain the following data. All items are in millions of dollars. Dec. 31, 2016 Dec. 31, 2017 Accounts receivable 33.6 36.8 Inventories 26.6 30.8 Accounts payable 13.6 26.8 What happened to investment in net working capital during 2017? (Enter your answer in millions.)
A firm’s balance sheets for year-end 2011 and 2012 contain the following data. All items are...
A firm’s balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars. Dec. 31, 2011 Dec. 31, 2012 Accounts receivable 37.0 34.0 Inventories 31.0 27.0 Accounts payable 27.0 14.0 a. Calculate the net working capital in 2011. (Enter your answer in millions rounded to 1 decimal place.) Net working capital $ million b. Calculate the net working capital in 2012. (Enter your answer in millions rounded to 1 decimal place.) Net working capital...
A firm's balance sheets for year-end 2011 and 2012 contain the following data. All items are...
A firm's balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars. Accounts receivable Inventories Accounts payable Dec 31, 2011 370 31.0 270 Dec 31, 2012 340 27.0 points Print a. Calculate the networking capital in 2011. (Enter your answer in millions rounded to 1 decimal place.) References Networking capital C million b. Calculate the networking capital in 2012. (Enter your answer in millions rounded to 1 decimal place.) Net working capital...
A firm's balance sheets for year-end 2011 and 2012 contain the following data. All items are...
A firm's balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars. Accounts receivable Inventories Accounts payable Dec 31, 2011 37.0 31.0 27.0 Dec 31, 2012 34.0 27.0 14.0 points Print a. Calculate the networking capital in 2011. (Enter your answer in millions rounded to 1 decimal place.) References Net working capital IMAM million b. Calculate the networking capital in 2012. (Enter your answer in millions rounded to 1 decimal place.) Net...
A firm's balance sheets for year-end 2011 and 2012 contain the following data. All Items are...
A firm's balance sheets for year-end 2011 and 2012 contain the following data. All Items are In millions of dollars. Dec. 31, 2012 36.5 Dec. 31, 2011 33.0 Accounts recelvable Inventorles 26.0 13.0 30.5 26.5 Accounts payable a. Calculate the net working capital in 2011. (Enter your answer in millons rounded to 1 decimal place.) Net working capital $ million b.Calculate the net working capital in 2012. (Enter your answer in millions rounded to 1 decimal place.) Net working capital...
Following are the current asset and current liability sections of the balance sheets for Freedom Inc....
Following are the current asset and current liability sections of the balance sheets for Freedom Inc. at January 31, 2020 and 2019 (in millions): January January 31, 2020 31, 2019 $ 10 7 Current Assets Cash Accounts receivable Inventories Total current assets Current Liabilities Note payable Accounts payable Other accrued liabilities Total current liabilities $ 4 Required: a. Calculate the working capital and current ratio at each balance sheet date. (Enter "Working capital" in millions of dollars (i.e., 10,000,000 should...
Edit View History Bookmarks People Tab Window Help X E Practice Problem 08 - Chapters x...
Edit View History Bookmarks People Tab Window Help X E Practice Problem 08 - Chapters x + connect.mheducation.com/flow/connect.html Problem 08 - Chapters 09 and 10 - Co... A Saved A firm's balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars. Dec 31, 2011 Dec. 31, 2012 4 32. 3 6.2 Accounts receivable Inventories Accounts payable 30.2 12.4 26.2 ped a. Calculate the networking capital in 2011. (Enter your answer in millions...
Comparative Balance Sheets December 31, 2018 and 2019 Assets 2019 2018 Cash 78,000 63,500 Accounts receivable...
Comparative Balance Sheets December 31, 2018 and 2019 Assets 2019 2018 Cash 78,000 63,500 Accounts receivable (net) 90,800 89,500 Merchandise inventory 63,900 71,600 Property, plant, and equipment (net) 718,500 813,800 Total assets $951,200 $1,038,400 Liabilities and Stockholders' Equity Accounts payable 153,200 155,600 Bonds payable 135,000 195,000 Common stock, $10 par value 320,000 290,000 Retained earnings 343,000 397,800 Total liabilities and stockholders' equity $951,200 $1,038,400 Use the above comparison Balance Sheet to Calculate the following for both 2019 and 2018. Make...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance...
Quantitative Problem: Rosnan Industries' 2019 and 2018 balance sheets and income statements are shown below. Balance Sheets 2019 2018 Assets Cash and equivalents $70 $55 Accounts receivable 275 300 Inventories 375 250 Total current assets $720 $605 Net plant and equipment 2,300 1,490 Total assets $3,020 $2,095 Liabilities and Equity Accounts payable $150 $85 Accruals 75 50 Notes payable 120 45 Total current liabilities $345 $180 Long-term debt 450 290 Common stock 1,225 1,225 Retained earnings 1,000 400 Total liabilities...
The 2019 and 2018 balance sheets for Shome Industries are provided below. The company’s sales for...
The 2019 and 2018 balance sheets for Shome Industries are
provided below. The company’s sales for 2019 were $1,500 million,
and EBITDA was 25% of sales. Furthermore, depreciation amounted to
10% of net fixed assets, interest expense was $30 million, the
corporate tax rate was 25%, and Shome pays out 60% of its net
income as dividends.
Shome had 8 million shares outstanding
in 2019, the 12/31/19 stock price was $90 per share, and its
after-tax cost of capital was...
A firm's balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars. Accounts receivable Inventories Accounts payable Dec 31, 2011 370 31.0 270 Dec 31, 2012 340 27.0 points Print a. Calculate the networking capital in 2011. (Enter your answer in millions rounded to 1 decimal place.) References Networking capital C million b. Calculate the networking capital in 2012. (Enter your answer in millions rounded to 1 decimal place.) Net working capital...
A firm's balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars. Accounts receivable Inventories Accounts payable Dec 31, 2011 37.0 31.0 27.0 Dec 31, 2012 34.0 27.0 14.0 points Print a. Calculate the networking capital in 2011. (Enter your answer in millions rounded to 1 decimal place.) References Net working capital IMAM million b. Calculate the networking capital in 2012. (Enter your answer in millions rounded to 1 decimal place.) Net...
A firm's balance sheets for year-end 2011 and 2012 contain the following data. All Items are In millions of dollars. Dec. 31, 2012 36.5 Dec. 31, 2011 33.0 Accounts recelvable Inventorles 26.0 13.0 30.5 26.5 Accounts payable a. Calculate the net working capital in 2011. (Enter your answer in millons rounded to 1 decimal place.) Net working capital $ million b.Calculate the net working capital in 2012. (Enter your answer in millions rounded to 1 decimal place.) Net working capital...
Following are the current asset and current liability sections of the balance sheets for Freedom Inc. at January 31, 2020 and 2019 (in millions): January January 31, 2020 31, 2019 $ 10 7 Current Assets Cash Accounts receivable Inventories Total current assets Current Liabilities Note payable Accounts payable Other accrued liabilities Total current liabilities $ 4 Required: a. Calculate the working capital and current ratio at each balance sheet date. (Enter "Working capital" in millions of dollars (i.e., 10,000,000 should...
Edit View History Bookmarks People Tab Window Help X E Practice Problem 08 - Chapters x + connect.mheducation.com/flow/connect.html Problem 08 - Chapters 09 and 10 - Co... A Saved A firm's balance sheets for year-end 2011 and 2012 contain the following data. All items are in millions of dollars. Dec 31, 2011 Dec. 31, 2012 4 32. 3 6.2 Accounts receivable Inventories Accounts payable 30.2 12.4 26.2 ped a. Calculate the networking capital in 2011. (Enter your answer in millions...
Comparative Balance Sheets December 31, 2018 and 2019 Assets 2019 2018 Cash 78,000 63,500 Accounts receivable (net) 90,800 89,500 Merchandise inventory 63,900 71,600 Property, plant, and equipment (net) 718,500 813,800 Total assets $951,200 $1,038,400 Liabilities and Stockholders' Equity Accounts payable 153,200 155,600 Bonds payable 135,000 195,000 Common stock, $10 par value 320,000 290,000 Retained earnings 343,000 397,800 Total liabilities and stockholders' equity $951,200 $1,038,400 Use the above comparison Balance Sheet to Calculate the following for both 2019 and 2018. Make...
The 2019 and 2018 balance sheets for Shome Industries are
provided below. The company’s sales for 2019 were $1,500 million,
and EBITDA was 25% of sales. Furthermore, depreciation amounted to
10% of net fixed assets, interest expense was $30 million, the
corporate tax rate was 25%, and Shome pays out 60% of its net
income as dividends.
Shome had 8 million shares outstanding
in 2019, the 12/31/19 stock price was $90 per share, and its
after-tax cost of capital was...
Most questions answered within 3 hours.
-
A 1400Kg sports car accelerates from rest to 90km/h in 7.0s.
What is the average power...
asked 29 minutes ago -
For the following reaction, 0.128 moles of
potassium hydrogen sulfateare mixed with
0.504 moles of potassium...
asked 4 hours ago -
1. What is the present value of $400, three years in the future
if the interest...
asked 4 hours ago -
The labor force minus the number of employed equals the number
of unemployed.
a. True
b....
asked 6 hours ago -
Determine the mass in units of grams [g] of 0.49 moles [mol]
of a new fictitious...
asked 7 hours ago -
A horizontal mass of M=5kg is on a spring and stretched to
x=0.5m when released from...
asked 8 hours ago -
26 of 50
"I have worked at the Arizona Humane Society for ten years, and
have...
asked 8 hours ago -
Compare and contrast zero based budgeting and incremental (or
base year) budgeting.
asked 8 hours ago -
4 pts 10. Which of the following hypothesis would be MOST
difficult to test experimentally? Group...
asked 8 hours ago -
A business owner makes 1,000 items a day. Each day he or she
contributes eight hours...
asked 8 hours ago -
A
circular loop in the plane of a paper lies inca0.65 T magnetic
field pointing into...
asked 9 hours ago -
A business owner is trying to decide whether to buy, rent, or
lease office space and...
asked 9 hours ago