Homework Answers
| Current Ratio= Current Assets/Current Liabilities | |||||
| 2020 | 2019 | ||||
| Current Assets | 143000 | 90900 | (Cash+accounts receivable) | ||
| Current Liabilities | 20000 | 10000 | |||
| Current ratio | 7.15 | 9.09 | |||
| Debt to Assets ratio= TotAL Debt/Total Assets | |||||
| 2020 | 2019 | ||||
| Total debt | 20000 | 10000 | |||
| Total assets | 160000 | 102900 | |||
| Ratio | 12.50% | 9.72% | |||
| Free Cash Flow | |||||
| Net Income | 36300 | ||||
| Dividend Declared | -13400 | ||||
| Equipment sold | 7500 | ||||
| Equipment purchased | -16200 | ||||
| Free cash flow | 14200 | ||||
| Sale of equipment | 11600 | ||||
| (+) closing balance | 27500 | ||||
| (-) opening balance | -22900 | ||||
| = purchased | 16200 | ||||
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The comparative statement of financial position of Riverbed Corporation as at December 31, 2020, follows: RIVERBED...
Question 10 of 10 -11 Current Attempt in Progress The comparative statement of financial position of...
Question 10 of 10 -11 Current Attempt in Progress The comparative statement of financial position of Marigold Corporation as at December 31, 2020, follows: MARIGOLD CORPORATION Statement of Financial Position December 31 Assets Cash Accounts receivable Equipment Less: Accumulated depreciation Total Liabilities and Shareholders' Equity Accounts payable Common shares Retained earnings Total December 31 2020 $ 50,000 89.200 27,000 (6,200) $ 160,000 2019 $ 6,800 88,200 21.400 (10.800) $ 105,600 $ 20,000 100,000 40,000 $ 160,000 $ 10,000 78,400 17.200...
I just want to know how to calculate the free cash flow for this question, thanks....
I just want to know how to calculate the free cash flow for this
question, thanks.
The comparative statement of financial position of Marigold Corporation as at December 31, 2020, follows: MARIGOLD CORPORATION Statement of Financial Position December 31 December 31 Assets 2020 2019 Cash $ 50,000 $ 6,800 Accounts receivable 89,200 88,200 27,000 21,400 Equipment Less: Accumulated depreciation (6,200) (10.800) $ 160,000 $ 105,600 Total Liabilities and Shareholders' Equity Accounts payable $ 20,000 $ 10,000 Common shares 100,000 78,400...
A comparative balance sheet for Teal Corporation is presented as follows. December 31 Assets 2020 2019...
A comparative balance sheet for Teal Corporation is presented as follows. December 31 Assets 2020 2019 Cash $ 72,810 $ 22,000 Accounts receivable 83,460 67,650 Inventory 181,460 190,650 Land 72,460 111,650 Equipment 261,460 201,650 Accumulated Depreciation-Equipment (70,460 ) (43,650 ) Total $601,190 $549,950 Liabilities and Stockholders' Equity Accounts payable $ 35,460 $ 48,650 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164,000 Retained earnings 201,730 137,300 Total $601,190 $549,950 Additional information: 1. Net income for 2020 was $127,920. No...
Problem 5-11 a A comparative statement of financial position for Bramble Corporation follows: BRAMBLE CORPORATION Statement...
Problem 5-11 a A comparative statement of financial position for Bramble Corporation follows: BRAMBLE CORPORATION Statement of Financial Position December 31 Assets 2020 2019 Cash $78,000 $34,800 Accounts receivable 104,400 70,800 Inventory 159,600 97,200 FV-OCI investments in shares 75,600 100,800 Land 78,000 123,600 Equipment 468,000 516,000 Accumulated depreciation—equipment (140,400 ) (103,200 ) Goodwill 148,800 207,600 Total $972,000 $1,047,600 Liabilities and Shareholders’ Equity Accounts payable $14,400 $61,200 Dividends payable 18,000 38,400 Notes payable 264,000 402,000 Common shares 318,000 150,000 Retained earnings...
Presented below are the financial statements of Riverbed Corp. Riverbed Corp Comparative Balance Sheets December 31...
Presented below are the financial statements of Riverbed Corp. Riverbed Corp Comparative Balance Sheets December 31 Assets 2017 84,000 48,000 48,000 33,600 67,200 48,000 144,000 187,200 (76,800) (57,600) 2016 Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total $266,400 259,200 Liabilities and Stockholders'Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $45,600 36,000 16,80019,200 40,800 79.200 43,200 33,600 91,200 $266,400 259,200 120,000 Income Statement For the Year Ended December 31,2017 Cost of goods sold...
A comparative statement of financial position for Flint Industries Inc. follows: FLINT INDUSTRIES INC. Statement of...
A comparative statement of financial position for Flint Industries Inc. follows: FLINT INDUSTRIES INC. Statement of Financial Position December 31, 2020 December 31 Assets 2020 2019 Cash $22,100 $35,100 Accounts receivable 117,000 54,600 Inventory 226,000 198,000 Land 81,000 115,000 Equipment 279,000 217,000 Accumulated depreciation—equipment (71,000 ) (43,600 ) Total $654,100 $576,100 Liabilities and Shareholders’ Equity Accounts payable $53,300 $60,300 Bonds payable 174,300 220,300 Common shares 218,000 172,000 Retained earnings 208,500 123,500 Total $654,100 $576,100 Additional information: 1. Net income for...
The following information is available for Riverbed at December 31, 2019 Buildings Accounts Receivable Prepaid Insurance...
The following information is available for Riverbed at December 31, 2019 Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $129,900 Share Capital $100,000 29,070 42,570 11,700 97,600 78,000 Accumulated Depreciation-Equipment 18,650 2,350 14,330 14,580 4,760 17,740 60,800 Retained Earnings (beginning) Accumulated Depreciation-Buildings Accounts Payable Notes Payable 780 Interest Payable 7,360 Bowling Revenues 2,350 Prepare a classified statement of financial position. Assume that $14,200 of the notes payable will be paid in 2020. (List Current...
E5.16 (L03) (Preparation of a Statement of Cash Flows) A comparative statement of financial position for...
E5.16 (L03) (Preparation of a Statement of Cash Flows) A comparative statement of financial position for for Orozco AG is presented below. December 31 Assets 2019 2018 Land € 71,000 €110,000 Equipment 270,000 200,000 Accumulated depreciation equipment (69,000) (42,000) Inventory 180,000 189,000 Accounts receivable 82,000 66,000 Cash 63.000 22.000 Total €597,000 €545,000 Equity and Liabilities Share capital-ordinary (€1 par) €214,000 €164,000 Retained earnings 199,000 134,000 Bonds payable 150,000 200,000 Accounts payable 34,000 47,000 Total €597,000 €545,000 Additional information: 1. Net...
Whispering Winds Corporation has been operating for several years. On December 31, 2020, it presented the...
Whispering Winds Corporation has been operating for several years. On December 31, 2020, it presented the following SFP. Whispering Winds CORPORATION Statement of Financial Position December 31, 2020 Cash $38,400 Accounts payable $71,200 Accounts receivable (net) 76,900 Mortgage payable 146,000 Inventory 94,500 Common shares 166,200 Equipment (net) 217,000 Retained earnings 43,400 $426,800 $426,800 Cost of goods sold in 2020 was $416,800, operating expenses were $51,700, and net income was $25,100. Accounts payable suppliers provided operating goods and services. Assume that...
Rodriquez Corporation's comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020...
Rodriquez Corporation's comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 Cash $16,800 Accounts receivable 25,000 Investments 19,850 Equipment 60,050 Accumulated depreciation-equipment (14,150) Total $107,550 2019 $17,500 22,300 15,850 70,050 (10,500) $115,200 Accounts payable Bonds payable Common stock Retained earnings Total $14,550 10,500 49,800 32,700 $107,550 $11,150 30,100 45,400 28,550 $115,200 Additional information: 1. Net income was $18,550. Dividends declared and paid were $14,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $2,000...
Question 10 of 10 -11 Current Attempt in Progress The comparative statement of financial position of Marigold Corporation as at December 31, 2020, follows: MARIGOLD CORPORATION Statement of Financial Position December 31 Assets Cash Accounts receivable Equipment Less: Accumulated depreciation Total Liabilities and Shareholders' Equity Accounts payable Common shares Retained earnings Total December 31 2020 $ 50,000 89.200 27,000 (6,200) $ 160,000 2019 $ 6,800 88,200 21.400 (10.800) $ 105,600 $ 20,000 100,000 40,000 $ 160,000 $ 10,000 78,400 17.200...
I just want to know how to calculate the free cash flow for this
question, thanks.
The comparative statement of financial position of Marigold Corporation as at December 31, 2020, follows: MARIGOLD CORPORATION Statement of Financial Position December 31 December 31 Assets 2020 2019 Cash $ 50,000 $ 6,800 Accounts receivable 89,200 88,200 27,000 21,400 Equipment Less: Accumulated depreciation (6,200) (10.800) $ 160,000 $ 105,600 Total Liabilities and Shareholders' Equity Accounts payable $ 20,000 $ 10,000 Common shares 100,000 78,400...
Presented below are the financial statements of Riverbed Corp. Riverbed Corp Comparative Balance Sheets December 31 Assets 2017 84,000 48,000 48,000 33,600 67,200 48,000 144,000 187,200 (76,800) (57,600) 2016 Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total $266,400 259,200 Liabilities and Stockholders'Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $45,600 36,000 16,80019,200 40,800 79.200 43,200 33,600 91,200 $266,400 259,200 120,000 Income Statement For the Year Ended December 31,2017 Cost of goods sold...
The following information is available for Riverbed at December 31, 2019 Buildings Accounts Receivable Prepaid Insurance Cash Equipment Land Insurance Expense Depreciation Expense Interest Expense $129,900 Share Capital $100,000 29,070 42,570 11,700 97,600 78,000 Accumulated Depreciation-Equipment 18,650 2,350 14,330 14,580 4,760 17,740 60,800 Retained Earnings (beginning) Accumulated Depreciation-Buildings Accounts Payable Notes Payable 780 Interest Payable 7,360 Bowling Revenues 2,350 Prepare a classified statement of financial position. Assume that $14,200 of the notes payable will be paid in 2020. (List Current...
E5.16 (L03) (Preparation of a Statement of Cash Flows) A comparative statement of financial position for for Orozco AG is presented below. December 31 Assets 2019 2018 Land € 71,000 €110,000 Equipment 270,000 200,000 Accumulated depreciation equipment (69,000) (42,000) Inventory 180,000 189,000 Accounts receivable 82,000 66,000 Cash 63.000 22.000 Total €597,000 €545,000 Equity and Liabilities Share capital-ordinary (€1 par) €214,000 €164,000 Retained earnings 199,000 134,000 Bonds payable 150,000 200,000 Accounts payable 34,000 47,000 Total €597,000 €545,000 Additional information: 1. Net...
Rodriquez Corporation's comparative balance sheets are presented below: RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2020 Cash $16,800 Accounts receivable 25,000 Investments 19,850 Equipment 60,050 Accumulated depreciation-equipment (14,150) Total $107,550 2019 $17,500 22,300 15,850 70,050 (10,500) $115,200 Accounts payable Bonds payable Common stock Retained earnings Total $14,550 10,500 49,800 32,700 $107,550 $11,150 30,100 45,400 28,550 $115,200 Additional information: 1. Net income was $18,550. Dividends declared and paid were $14,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $2,000...
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