Assume Verizon reports the following selected balance sheet and income statement information. Current assets 2014 -$...
Assume Verizon reports the following selected balance sheet and income statement information.
Current assets 2014 -$ 16,448 2013 - $ 19,479
Current liabilities 2014 - 25,063 2013 - 23,129
Total liabilities 2014 - 101,696 2013 - 103,345
Equity 2014 - 66,434 2013 - 62,613
Earnings before interest and taxes 2014 - 12,787 2013 - 12,496
Interest expense 2014 - 2,180 2013 - 2,384
Net cash flow from operating activities 2014 - 22,012 2013 - 21,820
Compute the current ratio for 2014.
Question 14 options:
|
0.66 |
|
|
0.16 |
|
|
1.52 |
|
|
1.29 |
Homework Answers
Computation of current ratio of Verizon fot the year 2014 :
Current ratio = current Assets ÷ current liabilities
Current Assets for 2014 = $16,448
Current liabilities for 2014 = $25,063
Current ratio = $16448 ÷ $25,063 = 0.66
Option A is correct.
Add Answer to:
Assume Verizon reports the following selected balance sheet and
income statement information.
Current assets 2014 -$...
Compute and interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon...
Compute and interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon Communications, Inc., follows (in millions) 2015 Current assets $29,623 570.994 Current liabilities 28,064 27.050 Total liabilities 219.032 178,682 Equity 13,676 95,416 Earnings before interest and taxes 20,185 31,944 Interest expense 4,915 2,667 Net cash flow from operating activities 30,631 38,818 a. Compute the current ratio for each year. Round answers to two decimal places. 2014 2013 b. Compute times interest earned (TIE), the debt-to-equity...
elected balance sheet and income statement information from Verizon Communications Inc. follows. $ millions 2018 2017...
elected balance sheet and income statement information from Verizon Communications Inc. follows. $ millions 2018 2017 Current assets $34,636 $29,315 Current liabilities 37,171 33,037 Total liabilities 382,308 384,038 Equity 53,616 44,687 Earnings before interest and taxes 22,278 26,877 Interest expense, gross 4,736 4,733 Net cash flow from operating activities 34,339 23,832 Compute the following ratios for Verizon for both 2018 and 2017. Note: Round amount to two decimal places (for example, enter 6.78 for 6.77555). Ratio 2018 2017 a. Current...
1. Below is selected balance sheet and income statement information from Diamond Company Current assets Current...
1. Below is selected balance sheet and income statement information from Diamond Company Current assets Current liabilities Total debt Total Liabilities Equity Earnings before interest and taxes Interest expense Net cash flow from operating activities 2019 $ 46,000 37,000 130,500 216,500 85,000 28,200 4,250 19,000 2018 $ 42,000 36.000 125,000 210,000 82,100 26.400 4,120 15,000 (Required) a) Compute the current ratio for each year. b) Compute times interest earned. c) Compute liabilities-to-equity. d) Compute cash from operations to total debt...
Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information from...
Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information from Verizon Communications Inc. follows. ($ millions) 2016 2015 Current assets $ 26,395 $22,355 Current liabilities 30,340 35,052 Total debt 108,078 109,729 Total liabilities 220,148 226,333 Equity 24,032 17,842 Earnings before interest and taxes 27,059 33,060 Interest expense 4,376 4,920 Net cash flow from operating activities $ 22,715 $ 38,930 Round all your answers to two decimal places, 2016 net operating cash flow to total...
Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. BETHESDA MINING COMPANY...
Bethesda Mining Company reports the following balance sheet information for 2013 and 2014. BETHESDA MINING COMPANY Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners’ Equity Current assets Current liabilities Cash $ 42,646 $ 54,402 Accounts payable $ 191,422 $ 199,111 Accounts receivable 60,781 81,139 Notes payable 86,520 138,088 Inventory 127,265 193,375 Total $ 277,942 $ 337,199 Total $ 230,692 $ 328,916 Long-term debt $ 240,000 $ 176,750 Owners’ equity Common...
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast...
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2012 through 2014 follows (5 millions). Total Current Total Current Pretax Interest Total Stockholders Assets Liabilities Income Expense Assets Equity 2012 $19,991 $16,714 $11,609 $2,521 $164,971 $49,796 2013 14,075 18,912 11,115 2,574 158,813 51,058 2014 13,531 17,410 12,465 2,617 159,339 53,068 a. Compute the current ratio for each year. (Round your answers to one decimal place.) Current Ratio 2012 2013 2014 b....
Selected balance sheet, income statement and cash flow statement information from Tesla, Inc. for 2017 and...
Selected balance sheet, income
statement and cash flow statement information from Tesla, Inc. for
2017 and 2016 follows ($ thousands). December 31 2017 2016 Cash and
cash equivalents $4,034,580 $4,059,882 Restricted cash 159,878
110,074 Net receivables 515,381 499,142 Inventory 2,263,537
2,067,454 Other current assets 268,365 194,465 Current assets
6,570,520 6,259,796 Current liabilities 7,241,741 6,931,017 Total
liabilities 23,022,980 16,750,167 Stockholders' equity 6,299,058
6,580,575 Year ended December 31, 2017 Loss before income taxes
$(2,209,032) Interest expense 537,925 Cash flows from operating
activities...
E4-38. Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from...
E4-38. Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon Communications Inc. for 2012 and 2011 follows ($ millions). Total Current Assets - Total Current Liabilities - Income Before Interest and Taxes - Interest Expense, Gross - Total Liabilities - Stockholders’ Equity 2015. . . . . . $22,280 $35,052 $32,974 $4,920 $226,798 $17,842 2014. . . . . . 29,499 27,987 21,379 4,915 218,940 13,676 a. Compute the current ratio for each...
Please show all steps LO9 M3-28. Compute and Interpret Liquidity and Solvency Ratios VERIZON Selected balance...
Please show all steps
LO9 M3-28. Compute and Interpret Liquidity and Solvency Ratios VERIZON Selected balance sheet and income statement information from Verizon Communications Inc. follows. COMMUN- ICATIONS INC. (V2) $ millions 2015 2014 Current assets... ..$ 22,280 $ 29,499 Current liabilities 35,052 27,987 Total liabilities .226,798 218,940 Equity 17,842 13,676 Earnings before interest and taxes. 32,974 21,379 Interest expense, gross..... 4,920 4,915 Net cash flow from operating activities. ..... .38,930 30,631 Module 3 Profitability Analysis and Interpretation 3-46 a.Compute...
Return on total assets A company reports the following income statement and balance sheet information for...
Return on total assets A company reports the following income statement and balance sheet information for the current year $410,000 Net income 90,000 Interest expense 5,000,000 Average total assets Determine the return on total assets. (Round percentages to one decimal place.) Long-Term Solvency Analysis The following information was taken from Charu Company's balance sheet: Fixed assets (net) $860,000 Long-term liabilities 200,000 Total liabilities 600,000 Total stockholders' equity 250,000 Determine the company's (a) ratio of fixed assets to long-term liabilities and...
Compute and interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Verizon Communications, Inc., follows (in millions) 2015 Current assets $29,623 570.994 Current liabilities 28,064 27.050 Total liabilities 219.032 178,682 Equity 13,676 95,416 Earnings before interest and taxes 20,185 31,944 Interest expense 4,915 2,667 Net cash flow from operating activities 30,631 38,818 a. Compute the current ratio for each year. Round answers to two decimal places. 2014 2013 b. Compute times interest earned (TIE), the debt-to-equity...
1. Below is selected balance sheet and income statement information from Diamond Company Current assets Current liabilities Total debt Total Liabilities Equity Earnings before interest and taxes Interest expense Net cash flow from operating activities 2019 $ 46,000 37,000 130,500 216,500 85,000 28,200 4,250 19,000 2018 $ 42,000 36.000 125,000 210,000 82,100 26.400 4,120 15,000 (Required) a) Compute the current ratio for each year. b) Compute times interest earned. c) Compute liabilities-to-equity. d) Compute cash from operations to total debt...
Compute and Interpret Liquidity, Solvency and Coverage Ratios Selected balance sheet and income statement information from Verizon Communications Inc. follows. ($ millions) 2016 2015 Current assets $ 26,395 $22,355 Current liabilities 30,340 35,052 Total debt 108,078 109,729 Total liabilities 220,148 226,333 Equity 24,032 17,842 Earnings before interest and taxes 27,059 33,060 Interest expense 4,376 4,920 Net cash flow from operating activities $ 22,715 $ 38,930 Round all your answers to two decimal places, 2016 net operating cash flow to total...
Compute and Interpret Liquidity and Solvency Ratios Selected balance sheet and income statement information from Comcast Corporation for 2012 through 2014 follows (5 millions). Total Current Total Current Pretax Interest Total Stockholders Assets Liabilities Income Expense Assets Equity 2012 $19,991 $16,714 $11,609 $2,521 $164,971 $49,796 2013 14,075 18,912 11,115 2,574 158,813 51,058 2014 13,531 17,410 12,465 2,617 159,339 53,068 a. Compute the current ratio for each year. (Round your answers to one decimal place.) Current Ratio 2012 2013 2014 b....
Selected balance sheet, income
statement and cash flow statement information from Tesla, Inc. for
2017 and 2016 follows ($ thousands). December 31 2017 2016 Cash and
cash equivalents $4,034,580 $4,059,882 Restricted cash 159,878
110,074 Net receivables 515,381 499,142 Inventory 2,263,537
2,067,454 Other current assets 268,365 194,465 Current assets
6,570,520 6,259,796 Current liabilities 7,241,741 6,931,017 Total
liabilities 23,022,980 16,750,167 Stockholders' equity 6,299,058
6,580,575 Year ended December 31, 2017 Loss before income taxes
$(2,209,032) Interest expense 537,925 Cash flows from operating
activities...
Please show all steps
LO9 M3-28. Compute and Interpret Liquidity and Solvency Ratios VERIZON Selected balance sheet and income statement information from Verizon Communications Inc. follows. COMMUN- ICATIONS INC. (V2) $ millions 2015 2014 Current assets... ..$ 22,280 $ 29,499 Current liabilities 35,052 27,987 Total liabilities .226,798 218,940 Equity 17,842 13,676 Earnings before interest and taxes. 32,974 21,379 Interest expense, gross..... 4,920 4,915 Net cash flow from operating activities. ..... .38,930 30,631 Module 3 Profitability Analysis and Interpretation 3-46 a.Compute...
Return on total assets A company reports the following income statement and balance sheet information for the current year $410,000 Net income 90,000 Interest expense 5,000,000 Average total assets Determine the return on total assets. (Round percentages to one decimal place.) Long-Term Solvency Analysis The following information was taken from Charu Company's balance sheet: Fixed assets (net) $860,000 Long-term liabilities 200,000 Total liabilities 600,000 Total stockholders' equity 250,000 Determine the company's (a) ratio of fixed assets to long-term liabilities and...
Most questions answered within 3 hours.
-
Calculate the pH of each of the following solutions.
0.50 M HBr
3.1×10−4 M KOH
4.2×10−5...
asked 32 minutes ago -
For the year ended December 31, Depot Max’s cost of merchandise
sold was $85,600. Inventory at the...
asked 31 minutes ago -
Week 10 - Professional Memo Assignment
Professional Memo Assignment
Your mission for this week, should you...
asked 36 minutes ago -
Write a Python program that stores the data for each
player on the team, and it...
asked 46 minutes ago -
In
the last 3 months, mike never knows when he is going to get his
allowance...
asked 1 hour ago -
Is Ca(OH)2 a Bronsted base, Lewis base, or both? Why?
asked 1 hour ago -
1A- Why don’t voters complain about U.S. tariffs on imported
sugar?
Because sugar is only a...
asked 1 hour ago -
Cash Payback Period
Primera Banco is evaluating two capital investment proposals for
a drive-up ATM kiosk,...
asked 1 hour ago -
Create a button in Swift (Xcode) that will create a charge,
create a charge using Stripe's...
asked 1 hour ago -
The reaction rate of CO and NO2 in the reaction
CO(g) + NO2(g) → CO2(g) +...
asked 1 hour ago -
Imagine that a chemist puts 6.40 mol each of
C3H8 and O2 in a 1.00-L container...
asked 1 hour ago -
How much money should be invested today in order to have $8340
at the end of...
asked 1 hour ago