Homework Answers
The correct answer is 59.2%
Debt Ratio =
Total Liabilities/ Total Assets
(116,032/196,000)
0.592 i.e. 59.2%
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20) Question 32 of 40 2021 2022 Current assets Cash Accounts receivable net Inventory Total current...
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...
Question 8 of 2020 2021 Current assets Cash and cash equivalents Accounts receivable, net Inventory Marketable...
Question 8 of 2020 2021 Current assets Cash and cash equivalents Accounts receivable, net Inventory Marketable equity securities Total current assets Plant & equipment, net Total assets $ 19000 $ 17900 23000 27000 28000 26000 5300 5330 75300 76230 60700 36770 $136000 $113000 Current liabilities Noncurrent liabilities Total liabilities Total stockholders' equity Total liabilities and stockholders' equity $23000 $33000 63000 43053 86000 76053 50000 36947 $136000 $113000 Calculate the current ratio for 2021.
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...
CULLUMBER COMPANY Balance Sheet December 31, 2022 Assets Current Assets Cash $ Accounts Receivable Total Current...
CULLUMBER COMPANY Balance Sheet December 31, 2022 Assets Current Assets Cash $ Accounts Receivable Total Current Assets $ $ Long-Term Investments Intangible Assets V: Total Assets Liabilities and Stockholders' Equity Current Liabilities $ Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment...
Use the following data to determine the total dollar amount of assets to be classified as...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Pina Colada Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $74000 Accounts payable $137500 Accounts receivable 86000 Salaries and wages payable 17200 Inventory 138500 Bonds payable 157500 $312200 Prepaid insurance 75000 Total liabilities Stock investments 194000 Land 196000 Buildings $207000 Common stock $235300 Less: Accumulated depreciation (67000) 140000 Retained earnings 482000 Trademarks 126000 $717300 Total stockholders' equity Total liabilities and...
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880...
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880 $8,810 Property, plant, and equipment (net) 1,940 1,830 Other assets 1,580 1,700 Total assets $13,400 $12,340 Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,300 Long-term liabilities 1,350 1,290 Stockholders' equity 8,750 7,750 Total liabilities and stockholders' equity $13,400 $12,340 I MIUI15) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,880 $8,810 $ 1,070 12.1 % Property, plant, and equipment (net) 1,940...
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47...
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47 Accounts payable 23 Total current liabilities $40 40 86 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment Total long-term assets 170 164 Long-term debt Total long-term 164 liabilities 170 Total Assets 250 210 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 250 The balance sheet for a small firm is shown above. All amounts are in thousands of dollars What is this...
Assets Accounts receivable. 5000 Investments. 25000 Inventories. 34000 Prepaid insurance. 3000 Note Receivable, due 2022. 38000...
Assets Accounts receivable. 5000 Investments. 25000 Inventories. 34000 Prepaid insurance. 3000 Note Receivable, due 2022. 38000 Liabilities Accounts payable. 17000 Salaries Payable. 8000 Notes Payable, due 2021. 11000 Notes Payable, due 2022. 23000 Current Assets: Non Current Assets: Current Liabilities: Long term Liabilities: Total Equity: Please show your work Prepaid insurance covers 2 years
Assets Cash Accounts receivables Inventory Total current assets Net fixed Total assets 2007 $13,221 31,323 77,244...
Assets Cash Accounts receivables Inventory Total current assets Net fixed Total assets 2007 $13,221 31,323 77,244 $121,788 344,712 $466,500 2008 $11,729 37,909 91,617 $141,255 390,836 assets Liabilities and Stockholders' Equit Accounts payable Notes payable Deferred taxes Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders equity $38,549 12,004 21,934 $72,487 78,445 125,000 190,568 $ 42,881 16,753 16,788 $76,422 61,290 175,000 219,379 The company had a net income of $248,462, and depreciation expenses were equal to $72,487...
Assets Current Assets Cash Accounts receivable Liabilities and Stockholders' Equity Current liabilities Accounts payable 640,000 Notes...
Assets Current Assets Cash Accounts receivable Liabilities and Stockholders' Equity Current liabilities Accounts payable 640,000 Notes payable to banks 120,000 150,000 ($ less Accrued wages allowance for doubtful accounts of $10,000) 1,170,000 80,000 1,190,000 Inventory Taxes Owed Total current liabilities Long-term debt 1,620,000 $ 020, TO Total current assets Land Plant and equipment ($2,330,000 less accumulated depreciation 1,400,000 4,610,000 Stockholders' equity Common stock ($1 par, 610,000 shares authorized, 580,000 outstanding) Retained earnings Total stockholders' equity $ Total liabilities and equity...
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...
Question 8 of 2020 2021 Current assets Cash and cash equivalents Accounts receivable, net Inventory Marketable equity securities Total current assets Plant & equipment, net Total assets $ 19000 $ 17900 23000 27000 28000 26000 5300 5330 75300 76230 60700 36770 $136000 $113000 Current liabilities Noncurrent liabilities Total liabilities Total stockholders' equity Total liabilities and stockholders' equity $23000 $33000 63000 43053 86000 76053 50000 36947 $136000 $113000 Calculate the current ratio for 2021.
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...
CULLUMBER COMPANY Balance Sheet December 31, 2022 Assets Current Assets Cash $ Accounts Receivable Total Current Assets $ $ Long-Term Investments Intangible Assets V: Total Assets Liabilities and Stockholders' Equity Current Liabilities $ Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ These items are taken from the financial statements of Cullumber Company for 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Supplies Debt investment...
Use the following data to determine the total dollar amount of assets to be classified as current assets. Pina Colada Corp. Balance Sheet December 31, 2022 Cash and cash equivalents $74000 Accounts payable $137500 Accounts receivable 86000 Salaries and wages payable 17200 Inventory 138500 Bonds payable 157500 $312200 Prepaid insurance 75000 Total liabilities Stock investments 194000 Land 196000 Buildings $207000 Common stock $235300 Less: Accumulated depreciation (67000) 140000 Retained earnings 482000 Trademarks 126000 $717300 Total stockholders' equity Total liabilities and...
NIKE, INC. Condensed Balance Sheet May 31 ($ in millions) 2022 2021 Assets Current Assets $9,880 $8,810 Property, plant, and equipment (net) 1,940 1,830 Other assets 1,580 1,700 Total assets $13,400 $12,340 Liabilities and Stockholders' Equity Current Liabilities $3,300 $3,300 Long-term liabilities 1,350 1,290 Stockholders' equity 8,750 7,750 Total liabilities and stockholders' equity $13,400 $12,340 I MIUI15) 2022 2021 Increase (Decrease) Percentage Change from 2016 Assets Current Assets $9,880 $8,810 $ 1,070 12.1 % Property, plant, and equipment (net) 1,940...
Balance Sheet Assets Current Assets Cash Accounts receivable Inventories Total current assets Liabilities Current Liabilities $47 Accounts payable 23 Total current liabilities $40 40 86 Long-Term Liabilities Long-Term Assets Net property, plant, and equipment Total long-term assets 170 164 Long-term debt Total long-term 164 liabilities 170 Total Assets 250 210 Total Liabilities Stockholders' Equity Total Liabilities and Stockholders' Equity 250 The balance sheet for a small firm is shown above. All amounts are in thousands of dollars What is this...
Assets Cash Accounts receivables Inventory Total current assets Net fixed Total assets 2007 $13,221 31,323 77,244 $121,788 344,712 $466,500 2008 $11,729 37,909 91,617 $141,255 390,836 assets Liabilities and Stockholders' Equit Accounts payable Notes payable Deferred taxes Total current liabilities Long-term debt Common stock Retained earnings Total liabilities and stockholders equity $38,549 12,004 21,934 $72,487 78,445 125,000 190,568 $ 42,881 16,753 16,788 $76,422 61,290 175,000 219,379 The company had a net income of $248,462, and depreciation expenses were equal to $72,487...
Assets Current Assets Cash Accounts receivable Liabilities and Stockholders' Equity Current liabilities Accounts payable 640,000 Notes payable to banks 120,000 150,000 ($ less Accrued wages allowance for doubtful accounts of $10,000) 1,170,000 80,000 1,190,000 Inventory Taxes Owed Total current liabilities Long-term debt 1,620,000 $ 020, TO Total current assets Land Plant and equipment ($2,330,000 less accumulated depreciation 1,400,000 4,610,000 Stockholders' equity Common stock ($1 par, 610,000 shares authorized, 580,000 outstanding) Retained earnings Total stockholders' equity $ Total liabilities and equity...
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