Use the information below for Harding Company to answer the question that follow.
Harding Company | |
Accounts payable | $33,032 |
Accounts receivable | 70,950 |
Accrued liabilities | 6,712 |
Cash | 19,849 |
Intangible assets | 43,338 |
Inventory | 71,215 |
Long-term investments | 118,990 |
Long-term liabilities | 70,026 |
Marketable securities | 35,945 |
Notes payable (short-term) | 29,279 |
Property, plant, and equipment | 653,742 |
Prepaid expenses | 2,164 |
Based on the data for Harding Company, what is the amount of working capital?
a.$651,578
b.$131,100
c.$1,016,193
d.$200,123
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The balance sheets at the end of each of the first two years of operations indicate the following:
Kellman Company | ||
Year 2 | Year 1 | |
Total current assets | $616,700 | $556,400 |
Total investments | 70,000 | 50,100 |
Total property, plant, and equipment | 927,300 | 633,000 |
Total current liabilities | 106,600 | 89,800 |
Total long-term liabilities | 297,000 | 247,000 |
Preferred 9% stock, $100 par | 84,800 | 84,800 |
Common stock, $10 par | 566,100 | 566,100 |
Paid-in capital in excess of par—Common stock | 68,300 | 68,300 |
Retained earnings | 491,200 | 183,500 |
Using the balance sheets for Kellman Company, if net income is $105,800 and interest expense is $33,300 for Year 2, what is the return on stockholders' equity for Year 2 (rounded to two decimal places)?
a.10.01%
b.10.44%
c.9.89%
d.10.14%
Current assets | ||
Accounts receivable | 70950 | |
Cash | 19849 | |
Inventory | 71215 | |
Prepaid expenses | 2164 | |
Marketable securities | 35945 | |
200123 | ||
Current Liabilities | ||
Accounts payable | 33032 | |
Accrued liabilities | 6712 | |
Notes payable (short-term) | 29279 | |
69023 | ||
Working Capital = Current Assets - Current Liabilities | ||
= $200123-69023 | ||
= $ 131100 | ||
Correct Option: b | ||
Average Stockholders Equity = (beginning Stockholders Equity + ending Stockholders Equity)/2 | ||
= ( $902700+1210400)/2 | ||
= $ 1056550 | ||
Return On Stockholders Equity = Net Income / Average Stockholders Equity | ||
= $105800/1056550 | ||
=10.01 % | ||
Use the information below for Harding Company to answer the question that follow. Harding Company Accounts...
Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $29,326 Accounts receivable 68,035 Accrued liabilities 6,348 Cash 18,912 Intangible assets 40,462 Inventory 87,761 Long-term investments 90,008 Long-term liabilities 75,920 Marketable securities 36,002 Notes payable (short-term) 22,258 Property, plant, and equipment 624,553 Prepaid expenses 2,032 Based on the data for Harding Company, what is the amount of working capital?
Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $39,074 Accounts receivable 69,920 Accrued liabilities 6,852 Cash 16,794 Intangible assets 41,607 Inventory Long-term investments 75,931 107,551 71,808 Long-term liabilities Marketable securities 38,294 21,248 Notes payable (short-term) Property, plant, and equipment Prepaid expenses 629,794 2,674 Based on the data for Harding Company, what is the amount of working capital? a $136,439 b. $627,120 c. $982,565 d. $203,613
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PLS ANSWER ASAP!!! THANKS!! Geluark M and a new Calculator Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $37,973 Accounts receivable 62,839 Accrued liabilities 6,313 Cash 23,838 Intangible assets 38,690 Inventory 80,230 Long-term investments 111,051 Long-term liabilities 77,218 Marketable securities 32,325 Notes payable (short-term) 25,287 Property, plant, and equipment 610,650 Prepaid expenses 1,501 Based on the data for Harding Company, what is the amount of working capital? a $609,149 b. $961,124...
Kellman Company Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid-in capital in excess of parCommon stock Retained earnings Year 2 $600.000 50.000 900,000 35.000 350,000 100.000 600.000 75.000 310,000 Year 1 $580.000 40.000 700.000 65,000 250.000 100,000 600.000 75.000 210,000 Using the balance sheets for Kellman Company, if net income is $250,000 and interest expense is $20,000 for Year and the market...