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D Question 49 4 pts The following financial information is from Bronco Company. All debt is...
The following financial information is from Bronco Company. All debt is due within one year unless...
The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise Retained Earnings Supplies Equipment Accounts Receivable Deferred Revenue Accounts Payable Common Stock Notes Payable (due in 18 months) Interest Payable Cash $52,000 37,000 72,000 8,600 6,000 15,000 25,000 35,000 7,000 22,400 What is the amount of current liabilities? $63,000 $28,000. $45,600 $22,000 MacBook Air
Use the financial statements of a company to answer the 4 questions that follow it. When...
Use the financial statements of a company to answer the 4 questions that follow it. When answering the questions (filling in the blanks), DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign in front of first digit for negative numbers. Round to the nearest dollar. For example, if you obtain $200,436.75 then enter in the box: 200,437 Income Statement year ending 2016 Sales Revenues $90,000 Cost of...
Given the following Financial Information Answer the following question: 2017 2018 Cash 1,000 270,396 Accounts Receivable...
Given the following Financial Information Answer the following question: 2017 2018 Cash 1,000 270,396 Accounts Receivable 6,000 6,600 Inventory 4,000 4,400 Prepaid Assets 3,000 3,300 Other Assets 1,000 1,100 Total Current Assets 15,000 285,796 Net PPE 90,000 73,000 Intangibles 6,000 6,000 Total Assets 111,000 364,796 Accounts Payable 2,000 2,200 Salary Payable 2,000 2,200 Notes Payable 9,000 9,000 Total Current Liabilities 13,000 13,400 Long-Term Debt 20,000 20,000 Total Liabilities 33,000 33,400 Common Stock 90,000 90,000 Retained Earnings -12,000 241,396 total equity...
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position...
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 263,000 $ Accounts receivable 126,000 31,164 215,000 266,000 473,000 255,000 466,000 Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) 221,000 293,000 497,000 497,000 Total assets $1,828,000 $1,775,164 Liabilities and owners' equity: Accounts payable Long-term debt $ 164,000 884,000 780,000 $ 228,000 884,000 663,164 Owners' equity Total liabilities and owners' equity $1,828,000 $1,775,164 Beaker Company...
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position...
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 263,000 $ 31,164 Accounts receivable 126,000 215,000 Inventory 255,000 266,000 Plant and equipment (net) 466,000 473,000 Investment in Cedar Company 221,000 293,000 Land (undeveloped) 497,000 497,000 Total assets $ 1,828,000 $ 1,775,164 Liabilities and owners' equity: Accounts payable $ 164,000 $ 228,000 Long-term debt 884,000 884,000 Owners' equity 780,000 663,164 Total liabilities and owners' equity $ 1,828,000...
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position...
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 263,000 $ 31,164 Accounts receivable 126,000 215,000 Inventory 255,000 266,000 Plant and equipment (net) 466,000 473,000 Investment in Cedar Company 221,000 293,000 Land (undeveloped) 497,000 497,000 Total assets $ 1,828,000 $ 1,775,164 Liabilities and owners' equity: Accounts payable $ 164,000 $ 228,000 Long-term debt 884,000 884,000 Owners' equity 780,000 663,164 Total liabilities and owners' equity $ 1,828,000...
Calculate the ratios below given the financial data presented to your left. Answers Measures of Short-term...
Calculate the ratios below given the financial data presented to your left. Answers Measures of Short-term Liquidity current assets / current liabilities quick assets / current liabilities net sales /accounts receivable 365 days/receivables turnover rate cost of goods sold/inventory current ratio quick ratico receivables turnover rate days to collect receivables inventory turnover rate Measures of Long-term Credit Risk total liabilities/total assets operating income /annual interest expense debt ratio Times Interest Earned Measures of Profitability net income / sales net income/total...
Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash 263,000 $ 31,164 Accounts...
Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash 263,000 $ 31,164 Accounts receivable 126,000 255,000 215,000 266,000 Inventory Plant and equipment (net) 466,000 473,000 Investment in Cedar Company 221,000 293,000 497,000 Land (undeveloped) 497,000 Total assets $ 1,828,000 $ 1,775,164 Liabilities and owners' equity: Accounts payable $ 164,000 $ 228,000 Long-term debt 884,000 884,000 780,000 663,164 Owners' equity Total liabilities and owners' equity $ 1,828,000 $ 1.775,164 Beaker Company Income Statement Sales $ 2,040,000 Less operating...
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position...
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 290,000 $ 451,280 Accounts receivable 209,000 193,000 Inventory 282,000 232,000 Plant and equipment (net) 430,000 393,000 Investment in Cedar Company 304,000 255,000 Land (undeveloped) 241,000 241,000 Total assets $ 1,756,000 $ 1,765,280 Liabilities and owners' equity: Accounts payable $ 208,000 $ 175,000 Long-term debt 824,000 824,000 Owners' equity 724,000 766,280 Total liabilities and owners' equity $ 1,756,000...
Last year's financial statements for Heller Carbonic are below. Sales are expected to grow by 20...
Last year's financial statements for Heller Carbonic are below. Sales are expected to grow by 20 percent this year. Their tax rate is 35 percent and their retention ratio is expected to remain at 60 percent. Costs, selling and administration expense, current assets, accounts payable, and accrued taxes increase proportionally with sales Interest expense, notes payable, and long-term debt will be unchanged. Heller is operating at 85 percent capacity Income Statement Last Year Sales 1,250,000 750,000 250,000 250,000 125,000 125,000...
The following financial information is from Bronco Company. All debt is due within one year unless stated otherwise Retained Earnings Supplies Equipment Accounts Receivable Deferred Revenue Accounts Payable Common Stock Notes Payable (due in 18 months) Interest Payable Cash $52,000 37,000 72,000 8,600 6,000 15,000 25,000 35,000 7,000 22,400 What is the amount of current liabilities? $63,000 $28,000. $45,600 $22,000 MacBook Air
Financial data for Beaker Company for last year appear below: Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash $ 263,000 $ Accounts receivable 126,000 31,164 215,000 266,000 473,000 255,000 466,000 Inventory Plant and equipment (net) Investment in Cedar Company Land (undeveloped) 221,000 293,000 497,000 497,000 Total assets $1,828,000 $1,775,164 Liabilities and owners' equity: Accounts payable Long-term debt $ 164,000 884,000 780,000 $ 228,000 884,000 663,164 Owners' equity Total liabilities and owners' equity $1,828,000 $1,775,164 Beaker Company...
Calculate the ratios below given the financial data presented to your left. Answers Measures of Short-term Liquidity current assets / current liabilities quick assets / current liabilities net sales /accounts receivable 365 days/receivables turnover rate cost of goods sold/inventory current ratio quick ratico receivables turnover rate days to collect receivables inventory turnover rate Measures of Long-term Credit Risk total liabilities/total assets operating income /annual interest expense debt ratio Times Interest Earned Measures of Profitability net income / sales net income/total...
Beaker Company Statements of Financial Position Beginning Balance Ending Balance Assets: Cash 263,000 $ 31,164 Accounts receivable 126,000 255,000 215,000 266,000 Inventory Plant and equipment (net) 466,000 473,000 Investment in Cedar Company 221,000 293,000 497,000 Land (undeveloped) 497,000 Total assets $ 1,828,000 $ 1,775,164 Liabilities and owners' equity: Accounts payable $ 164,000 $ 228,000 Long-term debt 884,000 884,000 780,000 663,164 Owners' equity Total liabilities and owners' equity $ 1,828,000 $ 1.775,164 Beaker Company Income Statement Sales $ 2,040,000 Less operating...
Last year's financial statements for Heller Carbonic are below. Sales are expected to grow by 20 percent this year. Their tax rate is 35 percent and their retention ratio is expected to remain at 60 percent. Costs, selling and administration expense, current assets, accounts payable, and accrued taxes increase proportionally with sales Interest expense, notes payable, and long-term debt will be unchanged. Heller is operating at 85 percent capacity Income Statement Last Year Sales 1,250,000 750,000 250,000 250,000 125,000 125,000...
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