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Question 8 of 2020 2021 Current assets Cash and cash equivalents Accounts receivable, net Inventory Marketable...
Question 32 of 40 2021 2022 Current assets Cash Accounts receivable, net Inventory Total current assets...
Question 32 of 40 2021 2022 Current assets Cash Accounts receivable, net Inventory Total current assets Plant & equipment, net Total assets $ 39000 $ 37920 43000 47000 55300 53300 137300 138220 82700 57780 $220000 $196000 $43000 83000 126000 $53000 63032 116032 Current liabilities Noncurrent liabilities Total liabilities Stockholders' equity Common stock Additional paid-In capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 25000 27000 25000 27000 27968 79968 42000 94000 $220000 $196000 What is the debt ratio...
20) Question 32 of 40 2021 2022 Current assets Cash Accounts receivable net Inventory Total current...
20) Question 32 of 40 2021 2022 Current assets Cash Accounts receivable net Inventory Total current assets Plant & equipment, ne Total assets $ 39000 $37920 43000 47000 55300 53300 137300 138220 82700 57780 $220000 $196000 $43000 83000 $53000 63032 116032 126000 Current liabilities Noncurrent liabilities Total liabilities Stockholders' equity Common stock Additional paid-In capital Retained earnings Total stockholders' equity Total liabilities and stockholders equity 25000 27000 42000 94000 25000 27000 27968 79968 $220000 $196000 What is the debt ratio...
ABC Company Balance Sheet Current Assets: Cash Marketable Securities AIR Inventory Prepaid Expens...
We were unable to transcribe this imageABC Company Balance Sheet Current Assets: Cash Marketable Securities AIR Inventory Prepaid Expenses Total Current Assets 5,000 35,000 225,000 150,000 75,000 490,000 75,200 25,000 150,000 75,000 75,000 500,200 75,000 Plant & Equipment less Accumulated Depreciation Net Plant &Equipment 375,000 200000 175,000 125,000 200,000 Total Assets 840,000 850,200 Current Liabilities AIP Notes Payable Accrued Expenses Total Current Liabilities 225,000 50000 465,000 75,000 50000 425,000 Bonds Payable Total Liabilities 490,000 450,000 Stockholders Equity Preferred Stock Common...
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory...
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory Machinery Patent (net) Investment in equity securities Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventory Common stock (authorized and issued 120,000 shares of no par stock) Retained earnings Total liabilities and shareholders equity $ 770,000 310,000 80,000 160,000 280,000 300,000 120,000 100,000 $2,120,000 $ 235,000 275,000 540,000 100,000 480,000 490,000 $ 2, 120,000 Additional information: 1. The...
Assets Cash and short-term investments $43000 Accounts receivable (net) 43000 Inventory 29000 Property, plant and equipment...
Assets Cash and short-term investments $43000 Accounts receivable (net) 43000 Inventory 29000 Property, plant and equipment 237000 Total Assets $352000 Liabilities and Stockholders' Equity Current liabilities $56000 Long-term liabilities 76000 Stockholders' equity-common 220000 Total Liabilities and Stockholders' Equity $352000 Income Statement Sales revenue $95000 Cost of goods sold 50000 Gross profit 45000 Operating expenses 13320 Net income $31680 Number of shares of common stock 6000 Market price of common stock $17 Dividends per share on common stock 0.8 Cash provided...
At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment...
At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and shareholders' equity $ 220 550 650 800 1,150 $ 3,370 $ 800 950 500 1,120 $ 3,370 Selected 2021 income statement information for Altoid Co. includes: Net Sales Operating expenses Income before interest and tax Interest expense Income tax expense Net income $ 8,400 7,350 1,050...
2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets 999 991 Net plant...
2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets 999 991 Net plant and equipment Total assets Liabilities and Equity 8 Accounts payable $ 11,000 8 Accruals 7,600 Notes payable 6,000 Total current liabilities Long-term bonds Total liabilities 99% 318 88 44,500 40,000 49,955 Common stock (4,000 shares) Retained earnings 40,000 49,955 35,100 Common equity $ 89,955 $75.100 Total liabilities and equity $134,555 $115,000 Income Statement for Year Ending December 31, 2018 Sales $225,000 Operating costs excluding...
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable...
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) $330 660 600 $360 590 530 Inventory Prepaid expenses 120 160 Total current assets 1,710 1,640 Investments 200 200 Property, plant, and equipment (net) Intangibles and other assets Total assets 420 380 530 510 $2,860 $2,730 $1,090 $980 550 520 Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 1,220 1,230 $2,860 $2,730 ORIOLE COMPANY Income Statements For the Year Ended...
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 20,000 Accounts receivable, net...
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 20,000 Accounts receivable, net 160,000 Merchandise inventory 380,000 Prepaid expenses 11,000 Total current assets 571,000 Property and equipment, net 870,000 Total assets $1,441,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 210,000 Bonds payable, 9 300,000 Total liabilities 510,000 Stockholders' equity Common stock, $5 per value $ 180,000 Retained earnings 751,000 Total stockholders' equity 931,000 Total liabilities and stockholders' equity $1,441,000 Castile Products, Inc. Income Statement For the...
Assets Cash Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets Provincial...
Assets Cash Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets Provincial Imports, Inc., Balance Sheet December 31, 2015 Liabilities and stockholders' equity $ 200,000 Accounts payable 225,000 Taxes payable 625.000 Notes payable 500,000 Other current liabilities $1,550,000 Total current liabilities 1,400,000 Long-term debt $2.950,000 Total liabilities Common stock Retained earnings Total liabilities and equity $ 700,000 95,000 200,000 5,000 $1,000,000 500,000 $1,500,000 75,000 1.375,000 $2.950.000 (1) Projected sales are $6,000,000. (2) Cost of goods sold...
Question 32 of 40 2021 2022 Current assets Cash Accounts receivable, net Inventory Total current assets Plant & equipment, net Total assets $ 39000 $ 37920 43000 47000 55300 53300 137300 138220 82700 57780 $220000 $196000 $43000 83000 126000 $53000 63032 116032 Current liabilities Noncurrent liabilities Total liabilities Stockholders' equity Common stock Additional paid-In capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 25000 27000 25000 27000 27968 79968 42000 94000 $220000 $196000 What is the debt ratio...
20) Question 32 of 40 2021 2022 Current assets Cash Accounts receivable net Inventory Total current assets Plant & equipment, ne Total assets $ 39000 $37920 43000 47000 55300 53300 137300 138220 82700 57780 $220000 $196000 $43000 83000 $53000 63032 116032 126000 Current liabilities Noncurrent liabilities Total liabilities Stockholders' equity Common stock Additional paid-In capital Retained earnings Total stockholders' equity Total liabilities and stockholders equity 25000 27000 42000 94000 25000 27000 27968 79968 $220000 $196000 What is the debt ratio...
We were unable to transcribe this imageABC Company Balance Sheet Current Assets: Cash Marketable Securities AIR Inventory Prepaid Expenses Total Current Assets 5,000 35,000 225,000 150,000 75,000 490,000 75,200 25,000 150,000 75,000 75,000 500,200 75,000 Plant & Equipment less Accumulated Depreciation Net Plant &Equipment 375,000 200000 175,000 125,000 200,000 Total Assets 840,000 850,200 Current Liabilities AIP Notes Payable Accrued Expenses Total Current Liabilities 225,000 50000 465,000 75,000 50000 425,000 Bonds Payable Total Liabilities 490,000 450,000 Stockholders Equity Preferred Stock Common...
HUBBARD CORPORATION Balance Sheet At December 31, 2021 Assets Buildings Land Cash Accounts receivable (net) Inventory Machinery Patent (net) Investment in equity securities Total assets Liabilities and Shareholders Equity Accounts payable Accumulated depreciation Notes payable Appreciation of inventory Common stock (authorized and issued 120,000 shares of no par stock) Retained earnings Total liabilities and shareholders equity $ 770,000 310,000 80,000 160,000 280,000 300,000 120,000 100,000 $2,120,000 $ 235,000 275,000 540,000 100,000 480,000 490,000 $ 2, 120,000 Additional information: 1. The...
Assets Cash and short-term investments $43000 Accounts receivable (net) 43000 Inventory 29000 Property, plant and equipment 237000 Total Assets $352000 Liabilities and Stockholders' Equity Current liabilities $56000 Long-term liabilities 76000 Stockholders' equity-common 220000 Total Liabilities and Stockholders' Equity $352000 Income Statement Sales revenue $95000 Cost of goods sold 50000 Gross profit 45000 Operating expenses 13320 Net income $31680 Number of shares of common stock 6000 Market price of common stock $17 Dividends per share on common stock 0.8 Cash provided...
At December 31, 2021 Assets: Cash Short-term investments Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' equity: Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and shareholders' equity $ 220 550 650 800 1,150 $ 3,370 $ 800 950 500 1,120 $ 3,370 Selected 2021 income statement information for Altoid Co. includes: Net Sales Operating expenses Income before interest and tax Interest expense Income tax expense Net income $ 8,400 7,350 1,050...
2018 2017 Assets Cash and equivalents Accounts receivable Inventories Total current assets 999 991 Net plant and equipment Total assets Liabilities and Equity 8 Accounts payable $ 11,000 8 Accruals 7,600 Notes payable 6,000 Total current liabilities Long-term bonds Total liabilities 99% 318 88 44,500 40,000 49,955 Common stock (4,000 shares) Retained earnings 40,000 49,955 35,100 Common equity $ 89,955 $75.100 Total liabilities and equity $134,555 $115,000 Income Statement for Year Ending December 31, 2018 Sales $225,000 Operating costs excluding...
ORIOLE COMPANY Balance Sheets December 31 2017 2016 Current assets Cash and cash equivalents Accounts receivable (net) $330 660 600 $360 590 530 Inventory Prepaid expenses 120 160 Total current assets 1,710 1,640 Investments 200 200 Property, plant, and equipment (net) Intangibles and other assets Total assets 420 380 530 510 $2,860 $2,730 $1,090 $980 550 520 Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity 1,220 1,230 $2,860 $2,730 ORIOLE COMPANY Income Statements For the Year Ended...
Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 20,000 Accounts receivable, net 160,000 Merchandise inventory 380,000 Prepaid expenses 11,000 Total current assets 571,000 Property and equipment, net 870,000 Total assets $1,441,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 210,000 Bonds payable, 9 300,000 Total liabilities 510,000 Stockholders' equity Common stock, $5 per value $ 180,000 Retained earnings 751,000 Total stockholders' equity 931,000 Total liabilities and stockholders' equity $1,441,000 Castile Products, Inc. Income Statement For the...
Assets Cash Marketable securities Accounts receivable Inventories Total current assets Net fixed assets Total assets Provincial Imports, Inc., Balance Sheet December 31, 2015 Liabilities and stockholders' equity $ 200,000 Accounts payable 225,000 Taxes payable 625.000 Notes payable 500,000 Other current liabilities $1,550,000 Total current liabilities 1,400,000 Long-term debt $2.950,000 Total liabilities Common stock Retained earnings Total liabilities and equity $ 700,000 95,000 200,000 5,000 $1,000,000 500,000 $1,500,000 75,000 1.375,000 $2.950.000 (1) Projected sales are $6,000,000. (2) Cost of goods sold...
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