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oints B From the Balance Sheet data below answer the Questions that follow: Assets Cash Accts...
C You are going to buy a new home. The price is $450,000. Interest Rate is 6.5% After 10 years you are going to payoff your mortgage. How much is your monthly payment? How much will it cost you to payoff your mortgage 5 13. Monthly Payment? 10 14. Mortgage Payoff?
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,250 8,220 13,340 11,500 166,000 (12,600) $ 201,710 $ 8,660 3,120 4,150 21,600 113,500 50,680 $ 201, 710 The average number of common stock shares outstanding during 2018 was...
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,550 7,900 12,800 11,200 167,500 (12,900) $ 201,050 8.690 3,000 4,300 21.360 113,700 50,000 $ 201,050 The average number of common stock shares outstanding during 2018 was 860 shares....
Following is the balance sheet of Solomon Company for 2018: SOLOMON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,750 7,620 13,160 10,750 165,500 (13,000) $198, 780 $ 8,390 3,240 4,200 21,300 113,300 48,350 $198,780 The average number of common stock shares outstanding during 2018 was 880 shares....
Following is the balance sheet of Finch Company for 2018: FINCH COMPANY Balance sheet Assets Cash $ 15,100 8,020 13,160 11,450 173,000 (12,600) $208,130 Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 8,930 3, 440 5,000 21,960 113,600 55,200 $208,130 The average number of common stock shares outstanding during 2018 was 860 shares. Net...
Following is the balance sheet of Gibson Company for 2018: GIBSON COMPANY Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation $. 14,850 7,580 12,920 11,450 168,500 (12,000) $203,300 Total assets Liabilities and Stockholders Equity Accounts payable Current notes payable Mortgage payable Bonds payable 8,180 3,240 4,600 21,780 114,800 50,700 $203,300 Common stock Retained earnings Total 1iabilities and stockholders' equity The average number of common stock shares outstanding during 2018 was 890 shares. Net income...
Balance sheet Assets Cash Marketable securities Accounts receivable Inventory Property and equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Current notes payable Mortgage payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 15,150 8,260 13,400 11,500 171,500 (12, eee) $207,810 $ 8,720 3,400 4,200 21,180 114, 30e 56,010 $207,810 A OCA-FARM Required Compute each of the following: (Round your per share a. Current ratio b. Earnings per share o. Quick (acid-test) ratio d....
Let’s consider two banks with identical balance sheets Bank A Assets Liabilities (unit in million) Reserves $10 Checkable deposits $100 Securities 30 Loans 80 Bank capital 20 Bank B Assets Liabilities (unit in million) Reserves $10 Checkable deposits $85 Securities 30 Loans 80 Bank capital 35 a) Assume ROA= 1%, the same for both banks. Calculate Equity ratio (ER) for Bank A and B, respectively. How about the return on...
FIN Company: Balance Sheet as of December 31 ($ million) $40 Cash Account receivables Inventories Total current assets $40 $20 $100 $40 Account Payables ? Notes payable $160 Other current liabilities $310 Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity $450 Total liabilities and equity $140 $114 ? Net fixed assets Total assets FIN Company: Income Statement for Year Ended December 31 ($ million) $800.0 Net sales Cost of goods sold (80% of net...
Lloyd Inc. has sales of $450,000, a net income of $45,000, and the following balance sheet: Cash $67,500 Accounts payable $60,075 Receivables 124,200 Notes payable to bank 39,150 Inventories 330,750 Total current liabilities $99,225 Total current assets $522,450 Long-term debt 84,375 Net fixed assets 152,550 Common equity 491,400 Total assets $675,000 Total liabilities and equity $675,000 The new owner thinks that inventories are excessive and can be lowered to the point where the current ratio is equal to the industry...