Homework Answers
Debt ratio=Total debt/Total assets
=(Curernt liabilities+Long term liabilities)/Total assets
=(88000+30000)/352000
which is equal to
=0.34(Approx).
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A corporation reports the following year-end balance sheet data. The company's debt ratio equals Cash Accounts...
A corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals: $ 56,000...
A corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals: $ 56,000 Current liabilities 72,000 Long-term llabilities 77,000 Common stock 162,000 Retained earnings $ 92,000 25,000 117,000 133,000 Cash Accounts recelvable Inventory Equipment $367,000 Total liabilities and equity $367,000 Total assets 1.39 O 223 0.47 0.68 0.32
Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. JUST...
Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners’ Equity 2014 2015 2014 2015 Current assets Current liabilities Cash $ 11,000 $ 14,250 Accounts payable $ 54,000 $ 63,750 Accounts receivable 27,000 36,750 Notes payable 14,800 20,500 Inventory 75,000 96,250 Total $ 113,000 $ 147,250 Total $ 68,800 $ 84,250 Long-term debt $ 50,000 $ 40,000 Owners’ equity Common stock and...
A company’s balance sheet reports total liabilities of $2,000,000. The debt to equity ratio is 2.5....
A company’s balance sheet reports total liabilities of $2,000,000. The debt to equity ratio is 2.5. What is the company’s stockholders' equity? Multiple Choice $800,000 $2,000,000 $1,000,000 $320,000
Just Dew It Corporation reports the following balance sheet information for 2014 and 2015. Prepare the...
Just Dew It Corporation reports the following balance sheet
information for 2014 and 2015.
Prepare the 2015 combined common-size, common–base year balance
sheet for Just Dew It. (Do not round intermediate
calculations. Round your answers to 4 decimal places, e.g.,
32.1616.)
Any help is appreciated :)
JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash Accounts receivable Inventory $ 6,560 16,160 61,280 $ 8,600 22,600 74,600...
The following balance sheet Information is provided for Duke Company for Year 2 Assets Cash Accounts...
The following balance sheet Information is provided for Duke Company for Year 2 Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation $ 4,800 10,950 14,400 1,200 19, 100 13,000 $63,450 Tand Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings Total 1labilities and stockholders' equity $ 2,550 8,630 10,000 18,500 23,770 $63,450 What is the company's current ratio? (Round your answer to...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31, 2015, were inventory, $54,900, total assets, $209,400; common stock, $88,000; and retained earnings. $35,774,) CABOT CORPORATION Income Statenent or Year Ended December 31, 2016 $448,600 298,450 Sales Cost of goods sold Gross profit Operating expenses 150,150 98,800 4,000 47,350 19,074 Interest expense Income before taxes Income taxes 28,276 Net incone CABOT CORPORATION Balance Sheet December 31, 2016 Liabilities and Equity...
The balance sheet for Gibson Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities...
The balance sheet for Gibson Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Connon stock and retained earnings Total liabilities and stockholders' equity $ 231,000 757,eee $988, eee $156,888 459,eee 615, eee 373,600 $988,eee Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt to assets ratio Debt to equity ratio 29
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 10,150 $ 10,300 Accounts payable $ 70,250 $ 61,250 Accounts receivable 27,700 28,950 Notes payable 47,250 46,750 Inventory 62,300 64,800 Total $ 117,500 $ 108,000 Total $ 100,150 $...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018. JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets Current liabilities Cash $ 8,850 $ 14,200 Accounts payable $ 37,500 $ 46,600 Accounts receivable 15,750 23,000 Notes payable 11,850 19,400 Inventory 34,650 52,200 Total $ 59,250 $ 89,400 Total $ 49,350 $ 66,000 Long-term debt $ 27,000 $ 24,000 Owners’ equity Common stock and...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 ook $...
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 ook $ 73,750 $ 63,750 rences JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 10,500 $10.450 Cash Accounts payable 28,250 Accounts receivable 28,600 Notes payable 50,000 49,750 $ 123,750 $ 113,500 Inventory 64,300 63,500 Total $ 103,050 $ 102,550 $ 63,600 $ 64,600 Total Long-term debt Owners' equity Common stock and...
A corporation reports the following year-end balance sheet data. The company's debt-to-equity ratio equals: $ 56,000 Current liabilities 72,000 Long-term llabilities 77,000 Common stock 162,000 Retained earnings $ 92,000 25,000 117,000 133,000 Cash Accounts recelvable Inventory Equipment $367,000 Total liabilities and equity $367,000 Total assets 1.39 O 223 0.47 0.68 0.32
Just Dew It Corporation reports the following balance sheet
information for 2014 and 2015.
Prepare the 2015 combined common-size, common–base year balance
sheet for Just Dew It. (Do not round intermediate
calculations. Round your answers to 4 decimal places, e.g.,
32.1616.)
Any help is appreciated :)
JUST DEW IT CORPORATION 2014 and 2015 Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets Current liabilities Cash Accounts receivable Inventory $ 6,560 16,160 61,280 $ 8,600 22,600 74,600...
The following balance sheet Information is provided for Duke Company for Year 2 Assets Cash Accounts receivable Inventory Prepaid expenses Plant and equipment, net of depreciation $ 4,800 10,950 14,400 1,200 19, 100 13,000 $63,450 Tand Total assets Liabilities and Stockholders' Equity Accounts payable Salaries payable Bonds payable (Due in ten years) Common stock, no par Retained earnings Total 1labilities and stockholders' equity $ 2,550 8,630 10,000 18,500 23,770 $63,450 What is the company's current ratio? (Round your answer to...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit selected balance sheet amounts at December 31, 2015, were inventory, $54,900, total assets, $209,400; common stock, $88,000; and retained earnings. $35,774,) CABOT CORPORATION Income Statenent or Year Ended December 31, 2016 $448,600 298,450 Sales Cost of goods sold Gross profit Operating expenses 150,150 98,800 4,000 47,350 19,074 Interest expense Income before taxes Income taxes 28,276 Net incone CABOT CORPORATION Balance Sheet December 31, 2016 Liabilities and Equity...
The balance sheet for Gibson Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Connon stock and retained earnings Total liabilities and stockholders' equity $ 231,000 757,eee $988, eee $156,888 459,eee 615, eee 373,600 $988,eee Required Compute the following. (Round "Ratios" to 1 decimal place.) Working capital Current ratio Debt to assets ratio Debt to equity ratio 29
Just Dew It Corporation reports the following balance sheet information for 2017 and 2018 ook $ 73,750 $ 63,750 rences JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets Current liabilities $ 10,500 $10.450 Cash Accounts payable 28,250 Accounts receivable 28,600 Notes payable 50,000 49,750 $ 123,750 $ 113,500 Inventory 64,300 63,500 Total $ 103,050 $ 102,550 $ 63,600 $ 64,600 Total Long-term debt Owners' equity Common stock and...
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