Homework Answers
Total liabilities and equity = $316,770
Explanation: Total liabilities and equity will always be equal to total assets. The balance of total assets is $316,770. Therefore, the balance of Total liabilities and equity will also be $316,770.
Total common equity = Total liabilities and equity - Total liabilities = $316,770 - $154,146 = $162,624
Common stock = Balance of common stock for 2015 + Dollar value of common stock issued = $90,000 + $10,000 = $100,000
Retained earnings = Total common equity - Common stock = $162,624 - $100,000 = $62,624
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Fill the missing value for common stock, retainer earnings,
total common equity, and total liabilities and...
Begin with the partial model in the file Ch02 P14 Build a Model.xlsx on the textbook’s...
Begin with the partial model in the file Ch02 P14
Build a Model.xlsx on the textbook’s Web site.
The 2016 sales of Cumberland Industries were $455,000,000;
operating costs (excluding depreciation) were equal to 85% of
sales; net fixed assets were $67,000,000; depreciation amounted to
10% of net fixed assets; interest expenses were $8,550,000; the
state-plus-federal corporate tax rate was 40%; and Cumberland paid
25% of its net income out in dividends. Given this information,
construct Cumberland’s 2016 income statement. Also...
Spreadsheet Problems 2-18 Start with the partial model in the file Ch 02 Build a Model.xlsx...
Spreadsheet Problems 2-18 Start with the partial model in the file Ch 02 Build a Model.xlsx at the textbook's website. Build a Model: Cumberland Industries' most recent balance sheets (in thousands of dollars) are shown Financial Statements, below and in the partial model in the file: EVA, and MVA 2015 2014 Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common steck $...
lookign to have a b c completed F92 6 Balance Sheets 7 (in thousands of dollars)...
lookign to have a b c completed
F92 6 Balance Sheets 7 (in thousands of dollars) 2013 2012 9 Assets S91,450 $11,400 103,365 $38,444 $244,659 $67,165 311,824 $74,625 15,100 $85,527 34,982 $210,234 $42,436 $252,670 Cash and cash equivalents 11 Short-term investments 2 Accounts Receivable 4 Total current assets 15 Net fixed assets 16 Total assets 17 18 Liabilities and equity 19 Accounts payable 20 Accruals 21 Notes payable 22 Total current liabilities 23 Long-term debt 4 Total liabilities 25 Common...
Please create a balance sheet based on the following income and cash flow statements: PLEASE FILL...
Please create a balance sheet based on the following income and cash flow statements: PLEASE FILL IN blank columm in balance sheet below for 2016 Income Statement 2016 Sales 655,150 Expenses excluding depreciation and amortization 386,878 EBITDA 268,272 Depreciation and amortization 7,388 EBIT 260,884 Interest expense 8,574 EBT 252,310 Taxes (20%) 20% 50,462 Net income 201,848 Common dividends 12,554 Addition to retained earnings 189,294 Cash flow Statement 2016 Operating Activities 203,409 Net Income 201,848 Depreciation and amortization 7,388 Increase in...
Please create a balance sheet based on the following income and cash flow statements: for 2016...
Please create a balance sheet based on the following income and cash flow statements: for 2016 Income Statement 2016 Sales 655,150 Expenses excluding depreciation and amortization 386,878 EBITDA 268,272 Depreciation and amortization 7,388 EBIT 260,884 Interest expense 8,574 EBT 252,310 Taxes (20%) 20% 50,462 Net income 201,848 Common dividends 12,554 Addition to retained earnings 189,294 Cash flow Statement 2016 Operating Activities 203,409 Net Income 201,848 Depreciation and amortization 7,388 Increase in accounts payable 7,652 Increase in accruals (wages, utilities etc.)...
3. Andrea Aerospace's 2018 and 2017 balance sheets (in thousands of dollars) are shown. Andrea Aerospace...
3. Andrea Aerospace's 2018 and 2017 balance sheets (in thousands of dollars) are shown. Andrea Aerospace December 31 Balance Sheets (in thousands of dollars) 2018 2017 s Assets Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets 102.850 103,365 38.444 244,659 67,165 311.824 s $ 89.725 85.527 34,982 $ 210.234 42,436 $ 252.670 $ Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earings Total common equity Total...
(30 points) Financial Statements: Laiho Industries's 2014 and 2015 balance sheets in thousands of dollars) are...
(30 points) Financial Statements: Laiho Industries's 2014 and 2015 balance sheets in thousands of dollars) are shown. Laiho Indus tries December 31 Balance Sheets (in thousands of dollars) 2015 2014 Assets Cas h Accounts receivable Inventories Total current assets Net fixed assets Total assets S 102,850 S 89,725 85,527 34,982 S 244,659 S 210,234 42,436 S 311,824 S 252,670 103,365 38,444 67,165 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained...
Below are Laiho Industries’ 2017 and 2018 balance sheet items: 2018 2017 Cash 102,850 89,725 Accounts...
Below are Laiho Industries’ 2017 and 2018 balance sheet
items:
2018 2017
Cash 102,850 89,725
Accounts receivable 103,365 85,527
Long-term debt 76,264 63,914
Accounts payable 30,761 23,109
Common stock 100,000 90,000
Notes payable 16,717 14,217
Net fixed assets 67,165 42,436
Accruals 30,477 22,656
Inventories 38,444 34,982
Retained earnings 57,605 38,774
Sales for 2018 were $455,150,000, and EBITDA was 15% of sales.
Furthermore, depreciation and amortization were 11% of net fixed
assets, interest was $8,575,000, the corporate tax rate was 40%,...
431428470293373958327&eISBN=9781337911009&id=705774549&snapshotid=15798828 mnts, Cash Flow, and Taxes Comprehensive/Spreadsheet Problem 3-19. FINANCIAL STATEMENTS, CASH FLOW, AND TAXES Laiho...
431428470293373958327&eISBN=9781337911009&id=705774549&snapshotid=15798828 mnts, Cash Flow, and Taxes Comprehensive/Spreadsheet Problem 3-19. FINANCIAL STATEMENTS, CASH FLOW, AND TAXES Laiho Industries's 2018 and 2019 balance sheets (in thousands of dollars) are shown. 2019 2018 Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets $102,850 103,365 38,444 $244,659 67,165 $311 824 $ 89,725 85,527 34,982 $210,234 42,436 $252,670 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $...
Stockholders' equity Common stock Retained earnings Total stockholders' equity S 139,000 S 114,000 0,000 18,000 $ 179,000 132,000 $ 354,000 292,000 Total liabilities and equity Balance Sheet...
Stockholders' equity Common stock Retained earnings Total stockholders' equity S 139,000 S 114,000 0,000 18,000 $ 179,000 132,000 $ 354,000 292,000 Total liabilities and equity Balance Sheet Liabilities Current liabilities: Accounts payable Wages payable Interest payable Income taxes payable S 29,000 S 39,000 3,000 8,000 2,000 10,000 ,0003,000 S 79,000 S 70,000 Total current liabilities 96,000 90,000 Notes payable (long-term) Total liabilities S 175,000 S 160,000 Stockholders' equity Common stock Retained earnings Total stockholders' equity S 139,000 S 114,000 40,000...
Begin with the partial model in the file Ch02 P14
Build a Model.xlsx on the textbook’s Web site.
The 2016 sales of Cumberland Industries were $455,000,000;
operating costs (excluding depreciation) were equal to 85% of
sales; net fixed assets were $67,000,000; depreciation amounted to
10% of net fixed assets; interest expenses were $8,550,000; the
state-plus-federal corporate tax rate was 40%; and Cumberland paid
25% of its net income out in dividends. Given this information,
construct Cumberland’s 2016 income statement. Also...
Spreadsheet Problems 2-18 Start with the partial model in the file Ch 02 Build a Model.xlsx at the textbook's website. Build a Model: Cumberland Industries' most recent balance sheets (in thousands of dollars) are shown Financial Statements, below and in the partial model in the file: EVA, and MVA 2015 2014 Cash Short-term investments Accounts receivable Inventories Total current assets Net fixed assets Total assets Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common steck $...
lookign to have a b c completed
F92 6 Balance Sheets 7 (in thousands of dollars) 2013 2012 9 Assets S91,450 $11,400 103,365 $38,444 $244,659 $67,165 311,824 $74,625 15,100 $85,527 34,982 $210,234 $42,436 $252,670 Cash and cash equivalents 11 Short-term investments 2 Accounts Receivable 4 Total current assets 15 Net fixed assets 16 Total assets 17 18 Liabilities and equity 19 Accounts payable 20 Accruals 21 Notes payable 22 Total current liabilities 23 Long-term debt 4 Total liabilities 25 Common...
3. Andrea Aerospace's 2018 and 2017 balance sheets (in thousands of dollars) are shown. Andrea Aerospace December 31 Balance Sheets (in thousands of dollars) 2018 2017 s Assets Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets 102.850 103,365 38.444 244,659 67,165 311.824 s $ 89.725 85.527 34,982 $ 210.234 42,436 $ 252.670 $ Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earings Total common equity Total...
(30 points) Financial Statements: Laiho Industries's 2014 and 2015 balance sheets in thousands of dollars) are shown. Laiho Indus tries December 31 Balance Sheets (in thousands of dollars) 2015 2014 Assets Cas h Accounts receivable Inventories Total current assets Net fixed assets Total assets S 102,850 S 89,725 85,527 34,982 S 244,659 S 210,234 42,436 S 311,824 S 252,670 103,365 38,444 67,165 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained...
Below are Laiho Industries’ 2017 and 2018 balance sheet
items:
2018 2017
Cash 102,850 89,725
Accounts receivable 103,365 85,527
Long-term debt 76,264 63,914
Accounts payable 30,761 23,109
Common stock 100,000 90,000
Notes payable 16,717 14,217
Net fixed assets 67,165 42,436
Accruals 30,477 22,656
Inventories 38,444 34,982
Retained earnings 57,605 38,774
Sales for 2018 were $455,150,000, and EBITDA was 15% of sales.
Furthermore, depreciation and amortization were 11% of net fixed
assets, interest was $8,575,000, the corporate tax rate was 40%,...
431428470293373958327&eISBN=9781337911009&id=705774549&snapshotid=15798828 mnts, Cash Flow, and Taxes Comprehensive/Spreadsheet Problem 3-19. FINANCIAL STATEMENTS, CASH FLOW, AND TAXES Laiho Industries's 2018 and 2019 balance sheets (in thousands of dollars) are shown. 2019 2018 Cash Accounts receivable Inventories Total current assets Net fixed assets Total assets $102,850 103,365 38,444 $244,659 67,165 $311 824 $ 89,725 85,527 34,982 $210,234 42,436 $252,670 Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $...
Stockholders' equity Common stock Retained earnings Total stockholders' equity S 139,000 S 114,000 0,000 18,000 $ 179,000 132,000 $ 354,000 292,000 Total liabilities and equity Balance Sheet Liabilities Current liabilities: Accounts payable Wages payable Interest payable Income taxes payable S 29,000 S 39,000 3,000 8,000 2,000 10,000 ,0003,000 S 79,000 S 70,000 Total current liabilities 96,000 90,000 Notes payable (long-term) Total liabilities S 175,000 S 160,000 Stockholders' equity Common stock Retained earnings Total stockholders' equity S 139,000 S 114,000 40,000...
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